Cedar Finance Overview
Cedar Finance is a binary options broker headquartered in Nicosia, Cyprus. Due to the fact they do service the global marketplace, this broker operates additional business locations in key countries. Presented to traders in 2010, this broker deliver a trading platform powered by popular software provider, SpotOption. Considering that this broker is showcasing excellent profit rates on fruitful trades, many wish to know what else this broker is set to supply.
Cedar introduces a trading platform that is relatively basic in design. Tabbed functions include Binary Options, Options Builder, One Touch, 60 Seconds, and their proprietary Open Platform. Within each section the trader will find the most recent and suggested trading opportunities. Each trade can be completed from start to end in a few steps. With SpotOption creating the program, traders may be confident that it is definitely innovative while remaining user-friendly. Cedar Finance is not currently supplying a platform app for smartphones and tablets.
Cedar keeps trading simple by featuring only a few trading instruments. The available options are the fundamental Put or Call trade, which is additionally accessible in the 60 Seconds variation, and One Touch trades. These trading instruments are simplistic and will meet the demands of the majority of traders. The only prominent instrument that is missing is the Boundary or Range trade.
Supplemental trading possibilities are provided in the form of Rollover and Double Up. Double Up can be applied to replicate an investment amount on a trade which seems destined to end in the money. Rollover allows the trader to increase, or roll the expiry time. This feature is frequently utilized when a trade seems to be headed towards a loss.
Cedar Finance offers payout rates of up to 81% on winning contracts. The lowest payout rates presented are around 65% to 75%. A high yield trade is offered weekly, and this trade can pay up to 500%. Refund percentages are also offered by this broker. These fluctuate from zero to 10%, based upon the instrument type and financial investment.
All main asset classes are accessible for trading, including indices, stocks, commodities, and Forex pairs. Inside each of these, traders will discover underlying assets consisting of 32 stocks, 15 currencies, 9 commodities, and 27 indices. The variety of indices provided is remarkable, as most brokers offer fewer than this. Needless to say, Cedar is supplying loads of assets to select from and supplying ample options trading capabilities.
No financial deposit is required in order to sign-up an account with Cedar Finance. A deposit will be needed when you are prepared to begin trading. Credit cards, bank wire exchanges and CashU are the available banking methods. The minimum deposit on credit card and CashU payments is $200. The minimum for bank wire exchanges is $500 (smaller deposits can be issued so long as a $25 fee is paid). USD, GBP, and EUR are the accepted currency types.
Cedar Finance payment options include bank wire transfers, major credit cards, CashU, and Western Union. Credit card and CashU payments are fee-free. Bank wire exchanges carry a flat charge of $25, and Western Union payments fees vary. Each withdrawal must be $200 or more. Payments should be processed within three business days, with an additional 5-7 days for fund transfer. These time frames are quite usual inside the binary options trading markets.
Customer support is provided all day, every day. Live online chat, e-mail, and phone are the available communication options. Cedar Finance offers customer help in a total of 12 different languages, but English is the only language used on the website and within the trading platform. E-mails can be submitted to: firstname.lastname@example.org. Phone numbers for the London, New York, and San Francisco business offices are available on their website.
While investigating for Cedar Finance scam reports, we found nothing more than the usual grievances of traders who apparently did not comprehend the financial risks linked with trading. This is fairly common problem, regrettably, as many individuals will begin to trade without being aware of the risk evaluation procedures. We noted no indicators of any genuine scam associated with this broker.
Cedar Finance furnishes a stable and reliable binary options platform which is straightforward and devoid of distraction. The available trading instruments, assets, and extra features are all desirable. We feel strongly that all traders who choose to partner with Cedar Finance will be pleased with their decision.