Cedar Finance is headquartered in Cyprus, yet they appeal to a broad international market. They are yet another white label binary options trading site who benefit from the Spot Option platform and convenient Cyprus regulations in order to maintain the status quo in the industry.
Clearly, Cedar Options lacks innovation when it comes to platform development and trading, but they do have a knack for design. Cedar Finance maintains an attractive sepia-toned website, which gives them a professional old-world appeal. Yet, I do find the website a little too busy and overwhelming for my taste. Cedar Finance regularly entices site visitors with new promotions and they maintain an attractive internet magazine, which tells me that they are well-staffed in the marketing and development department. But the real question is: can they live up to their creative material? If I have learned anything about binary options, I know that things are not always as they appear.
Cedar Finance advertises up to 81% profits, which is slightly lower than many brokers out there, but certainly not the lowest return on investment. But don't expect to receive your withdrawal without a run-around. Cedar Finance has borrowed business tactics from banks and accountants who cleverly find ways to rotate funds through revolving bonus packages and disguised deals that will lock in your deposits. Trust me, it's all smoke and mirrors here.
TRADING OPTIONS AND FEATURES
The Cedar Finance platform offers a variety of trading option including:
MINIMUM DEPOSIT:
The minimum deposit for trades is 200 GBP/USD/EUR
MINIMUM WITHDRAWAL:
The minimum withdrawal amount is 200 GBP/USD/EUR with 25 GBP/USD/EUR fees
MINIMUM TRADE:
Cedar Finance offers minimum trades range from 5 GBP/USD/EUR.
ACCOUNT TYPES AND FEATURES:
Starter: 200-499 USD/EUR/GBP. Receive up to 60 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support
Bronze: 500-999 USD/EUR/GBP. Receive up to 500 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, 3 calls with a personal market analyst, 1 risk-free trade, 1 suggested trading strategy,e-mail trading signals for 14 days, and 1 month subscription to Zoom Magazine
Silver: 1,000-4,999 USD/EUR/GBP. Receive up to 3750 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, 5 calls with a personal market analyst, 3 risk-free trades, 2 suggested trading strategies, e-mail trading signals for 1 month, 2 months subscription to Zoom Magazine, SMS alerts for 14 days, and expedited withdrawals.
Gold: 5,000-10,000 USD/EUR/GBP. Receive up to 10,000 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, Weekly training with a personal market analyst, 5 risk-free trades, customized trading strategies, e-mail trading signals for 3 months, 3 months subscription to Zoom Magazine, SMS alerts for one month, expedited withdrawals, trading academy membership/materials, and a live NFP analysis.
Platinum: 10,000 and above USD/EUR/GBP. Personally customize the account.
PAYMENT METHODS:
Visa, Mastercard, Money Bookers, and Bank Wire Transfer
LANGUAGES
English, French, Italian
COMPLAINTS
I consider myself a skilled trader, but I did not receive an impressive profit with these guys. And I found the webinars too basic for my skill-level, but I think they would be quite helpful for the novice investor. Additionally, withdrawing my meager earnings was a nuisance at times. I mean, how many times do I have to leave a message with my account manager before I get my withdrawal? My account manager only returned my calls when I expressed an interest in depositing more funds. This leads me to believe that they were only after my money.
CUSTOMER SERVICE
The customer service and support team is available through live chat, email, or telephone 24/7 according to their website, but this did not always seem to be the case. They did not always return my emails or phone calls as promptly as I would expect. When I did manage to reach a live person, I felt as if I was sinking under a giant tsunami at times as I listened to an aggressive sales pitch. Big red flag.
VERDICT
Cedar Finance appears to be a legitimate company. I would say that they focus more on marketing and web-design than they do on customer satisfaction. I was hardly impressed with my interaction with the support team and I had a hard time reaching my account manager once I deposited funds, unless I was dishonest with the purpose of my call. While it appeared that I earned a profit from time to time, withdrawing funds was an ordeal that took creativity on my end. Overall, I would give them about 4 out of 6 stars.
*All currencies are listed in GBP/USD/EUR. It is up to you to verify what currencies are accepted.
Clearly, Cedar Options lacks innovation when it comes to platform development and trading, but they do have a knack for design. Cedar Finance maintains an attractive sepia-toned website, which gives them a professional old-world appeal. Yet, I do find the website a little too busy and overwhelming for my taste. Cedar Finance regularly entices site visitors with new promotions and they maintain an attractive internet magazine, which tells me that they are well-staffed in the marketing and development department. But the real question is: can they live up to their creative material? If I have learned anything about binary options, I know that things are not always as they appear.
Cedar Finance advertises up to 81% profits, which is slightly lower than many brokers out there, but certainly not the lowest return on investment. But don't expect to receive your withdrawal without a run-around. Cedar Finance has borrowed business tactics from banks and accountants who cleverly find ways to rotate funds through revolving bonus packages and disguised deals that will lock in your deposits. Trust me, it's all smoke and mirrors here.
TRADING OPTIONS AND FEATURES
The Cedar Finance platform offers a variety of trading option including:
- Digital Binary Options (Call/Put)
- Options Builder
- One-Touch Option
- Turbo Options
- Range Options
- Trading tools: Extend, Close, or Double
- Competitive asset index including stocks, currencies, commodities, indices
- Webinars and Training Videos
- Trading Guide
MINIMUM DEPOSIT:
The minimum deposit for trades is 200 GBP/USD/EUR
MINIMUM WITHDRAWAL:
The minimum withdrawal amount is 200 GBP/USD/EUR with 25 GBP/USD/EUR fees
MINIMUM TRADE:
Cedar Finance offers minimum trades range from 5 GBP/USD/EUR.
ACCOUNT TYPES AND FEATURES:
Starter: 200-499 USD/EUR/GBP. Receive up to 60 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support
Bronze: 500-999 USD/EUR/GBP. Receive up to 500 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, 3 calls with a personal market analyst, 1 risk-free trade, 1 suggested trading strategy,e-mail trading signals for 14 days, and 1 month subscription to Zoom Magazine
Silver: 1,000-4,999 USD/EUR/GBP. Receive up to 3750 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, 5 calls with a personal market analyst, 3 risk-free trades, 2 suggested trading strategies, e-mail trading signals for 1 month, 2 months subscription to Zoom Magazine, SMS alerts for 14 days, and expedited withdrawals.
Gold: 5,000-10,000 USD/EUR/GBP. Receive up to 10,000 USD/EUR/GBP bonus, financial news, video tutorials, trading pdf guide, 24/7 support, Weekly training with a personal market analyst, 5 risk-free trades, customized trading strategies, e-mail trading signals for 3 months, 3 months subscription to Zoom Magazine, SMS alerts for one month, expedited withdrawals, trading academy membership/materials, and a live NFP analysis.
Platinum: 10,000 and above USD/EUR/GBP. Personally customize the account.
PAYMENT METHODS:
Visa, Mastercard, Money Bookers, and Bank Wire Transfer
LANGUAGES
English, French, Italian
COMPLAINTS
I consider myself a skilled trader, but I did not receive an impressive profit with these guys. And I found the webinars too basic for my skill-level, but I think they would be quite helpful for the novice investor. Additionally, withdrawing my meager earnings was a nuisance at times. I mean, how many times do I have to leave a message with my account manager before I get my withdrawal? My account manager only returned my calls when I expressed an interest in depositing more funds. This leads me to believe that they were only after my money.
CUSTOMER SERVICE
The customer service and support team is available through live chat, email, or telephone 24/7 according to their website, but this did not always seem to be the case. They did not always return my emails or phone calls as promptly as I would expect. When I did manage to reach a live person, I felt as if I was sinking under a giant tsunami at times as I listened to an aggressive sales pitch. Big red flag.
VERDICT
Cedar Finance appears to be a legitimate company. I would say that they focus more on marketing and web-design than they do on customer satisfaction. I was hardly impressed with my interaction with the support team and I had a hard time reaching my account manager once I deposited funds, unless I was dishonest with the purpose of my call. While it appeared that I earned a profit from time to time, withdrawing funds was an ordeal that took creativity on my end. Overall, I would give them about 4 out of 6 stars.
*All currencies are listed in GBP/USD/EUR. It is up to you to verify what currencies are accepted.