Cedar Finance Review
To conduct a comprehensive investigation of Cedar Finance our Scam Inspection team tried to find out if the broker is genuine. As a result we can say that there is little evidence indicating that this broker is reliable, which is why many people don’t trust it. You can see the report of Google Trends in the graph below showing their low score.
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Cedar Finance Review
Cedar Finance was founded in 2011 and is owned by P.M. Investment Capital Ltd. Their main offices are located in Nicosia, Cyprus. There are different types of accounts that traders can open at Cedar Finance. All of them come with welcome bonuses and exclusive offers. Their website is powered by Tradologic trading platform and their binary options trading options include digital, range and touch options. When trying to find out whether a broker is a scam or not, we look for information that is related to its licenses and regulations. Cedar Finance is regulated with CySEC, but we still suggest that you use caution when dealing with the broker.
Cedar Finance Scam
Cedar Finance is licensed and regulated by CySEC, which basically means that they are serious about what they are doing. There are numerous reports on the internet which claim that Cedar Finance is scam, and we did come across many proves that they are not legit. More than positive, there are negative reviews of clients who have lost their money using their platform. We are still continuing our investigation and this is the reason we cannot say more about their legitimacy. As a trader, you should understand their policies before you begin trading.
Cedar Finance Withdrawal Methods
To cash out your earnings, there are a number of withdrawal options available. You can use bank transfer methods, credit and debit cards and a number of eWallet options. The minimum amount that you must have in your account to request withdrawal is $200 which is basically the same minimum amount you need to make a deposit. This means if you deposit $200 and make a trade, you will not be able to withdraw your money if your trade is unsuccessful even if it is by $1 only.
Cedar Finance Demo Account
After you register for an account at Cedar Finance, you will be able to use their demo trading functionality and test the platform without any risks. You don’t have to deposit anything into the account before you can demo trade which we think is a very good thing. You will have to contact their customer service and request for a demo account after which you can check out their trading platform, features and tools that are available. Whenever you have to choose a binary options broker, it is important to choose one that offers demo trading. This is so that you can find out whether they are the perfect choice for you or not without investing any money.
Cedar Finance Promotions and Bonuses
The kind of bonuses you are offered depends on the type of account you have. Bonuses usually range from 30-70%, but for you to claim your bonus you must meet their minimum trading requirement which is 40 times the bonus amount plus how much you have invested. This is quite high for the industry and if you happen to accept the bonus, you will be restricted from withdrawing your own money. For this reason, you must be aware of their terms and conditions regarding bonuses before you sign up.
Cedar Finance Complaints
We have found several complaints on the internet and most of them are related to bonuses and withdrawals. As we have already mentioned, if you accept a bonus, you will not be able to make a withdrawal until you fulfil their minimum trading requirement. Many traders complained that their withdrawals were not being processed. Also there is not enough information about bonus and withdrawal terms provided when trades signed up. So this means you must use caution if you are looking to trade on their platform.
After making detailed investigation of Cedar Finance our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.