Cedar Finance is rather one of unknown brokers in the industry. It has great marketing campaign and desperately tries to be on the same level as the top rated binary options brokers. But it is still one of the worst binary options brokers! Read the full Cedar Finance Scam Review!
Min. Deposit: $200 Demo: No
Platform: Cedar Finance Bonus: 30%
Regulation: CySEC US Clients: YesDO NOT SIGN UP! Read full Cedar Finance Scam Review and find out what is waiting for you. SCAM DETECTED!
Cedar Finance Scam Review: About the Company
The Cedar Finance is a questionable binary options broker. It is owned by the P.M Investment Capital Ltd., which is located in Cyprus. The broker claims to be CySEC regulated but it also accepts the clients from the USA. The review has absolutely no idea how do they manage to do it, so we recon them to be scam broker.
Talking about the Cedar Finance, there is a high chance that you have seen their videos that claim that it is so easy to make money. The most of these videos show how to make $245 in under 5 minutes or how to turn $100 into $300 in under 60 seconds. It is possible to do so on the binary options, but you have to always count for risk. Their marketing campaign says that there are almost no risks, so be aware.
Cedar Finance Accounts Review
Cedar Finance Scam Review thinks that the account offer of this scam broker is one of the most diversified in the market. The basic offer, that is available for all account types will give you the access to all possible binary options trades, together with 24/7 support, eBook guide, video tutorials and the newsletter with the most important financial news.
- Bronze package
Such account package is available for the deposits between $500 and $999. Except for all the offers from the basic account, you will additionally get 3 calls with market analysts, risk-free trade and one trading strategy. Binary Options Hub also found out that you will get a 1-month subscription for the Zoom magazine, which is created by the scam broker. So read it or not – is your choice.
- Silver package
This package increases the offer of the bronze package by 14-days SMS alerts, which should be your personal signals for trading. They are provided by the scam so BO Hub does not think that they will be useful for you. Also, package increases calls to market analyst to 5, risk free trades to 2 and trading strategies to 2. The subscriptions are 2 month for Zoom magazine and emailed trading signals to 1 month. In order to get all of these you have to deposit between $1,000 and $4,999, which a lot of money for such a risk with scam broker.
- Gold package
This is the most advanced account package provided by the scam broker. You can get this package by depositing more than $5,000. The package is promised to give you weekly trainings, customized trading strategy and extended subscriptions that can be seen on the image below. The package is great, but Cedar Finance Scam Review suspects that you should not risk such amounts on money with unreliable binary option brokers.
The Binary Options Hub does not recommend you to make any deposits with scam brokers and advises you to stay away from them.
Cedar Finance Trading Conditions
At this scam broker you can choose between five main types of the binary options.
This is a basic binary options trading type. In digital trades you have to analyze and make a decision if the price of the instrument will go up or will it decrease after selected time. The possible time selections are: 15 minutes, 30 minutes, 45 minutes, 1 hour and market closure.
Basically, Cedar Finance Scam Review thinks that this binary options trading type is the same as digital, but the timeframes are different. In turbo binary option you can choose between 15, 30, 45 seconds, or 1, 2 and 5 minutes.
This binary option type allows you to make money on prediction whether the price of the instrument will touch upper or lower limit, that are specified by the scam broker. You can trade touch options on 30 minutes and 1 hour.
- One Touch
There is only one difference between Touch and One Touch – in One Touch the decision of upper or lower touch is made for you. This decision changes depending on the timeframe, so be cautious.
The basics of this binary option is the evaluation of the price range. You just bet on price being in the range or outside it after 30 minutes or 1 hour and get your payout.
Cedar Finance Trading Platform
The broker does not use any solution provided by binary option platforms. It has developed it’s own platform called Cedar Finance.
The platform looks different, than other binary options platforms, but the adjustment process is easy. It sometimes is laggy and requires patience and the order execution sometimes takes too long. Basically, the platform is usable, but still we would not recommend it to anybody.
Cedar Finance Scam Deposits and Withdrawals
Review found that the broker allows deposits via credit cards, electronic payment systems and wire transfers. The credit card and electronic payments are instantaneous, while the wire transfer usually takes between 5-7 days to be shown on your account. What is rather surprising – you do not have to contact support before you make a wire transfer, you can find all the details on the deposit page.
The withdrawals should be available via credit cards and wire transfer, but Binary Options Hub does not think that you will be lucky enough to succeed with the withdrawal.
Cedar Finance Customer Support
The cam broker has all support options that are used in the binary brokers market nowadays. You can contact them via live chat, phone or write them an email. You will be answered in English, German, Japanese, Arabic, Italian and Russian.
Cedar Finance Account Application Scam Review
Scam brokers often make easy and fast sign up process, and Cedar Finance is not an exception.
As the beginning of the sign up process – you have to fill in the small box on the scam broker website with your details.
The Binary Options Hub will not give you a link to the website of the Cedar Finance.
The binary Options Hub does not want to involve itself in this dark part of the business.
The link to this scam broker can be easily googled.
But be prepared, you are going to deal with scam.
After that, you will be directed to the page where you have to create a password for your account.
After agreeing with terms and conditions and clicking register button you will be transferred directly to the deposit page. We recon that signing up with the scam broker is rather bad idea and you should do it at your own risk.
Cedar Finance Scam Review Conclusion
Cedar Finance is a questionable broker. On the one hand it claims to be regulated by the CySec and on the other it accepts US clients. Also, the platform could be less laggy and work much better. The promotional videos as well create the false impression that binary options trading is not risky at all. For all this questionable moments, the Cedar Finance Scam Review gives to the Cedar Finance 1.5 stars out of 5.
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