Is Cedar Finance a Scam?
We have made a research of CedarFinance and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that CedarFinance is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
Cedar Finance Legit
As per information provided by CedarFinance on their web, it is registered company of Cyprus. Neither are they listed by any binary option broker association nor do they follow MIFId regulation in Europe. They have well compliance mechanism and customers support though but there is no information provided by them if they have any working legitimacy as binary broker. It is difficult to be certain about their legitimacy as registered binary option broker, especially outside Cyprus.
Cedar Finance Withdrawal
Cedarfinance is continuously ameliorating their process of funds withdrawal and trying to make it easy for the customers. They are facing complaints about defects in their withdrawal process or limitation of withdrawal process. For instance minimum limit on withdrawal amount is set at 200 Dollars, Euros or Pounds which is unlike to other broker. They charge withdrawal fee of 25 on amount less than 500 of in invested currency.
Withdrawal amount is requested through online cashier option and process takes 3-5 days and in some cases, user can face delay of 10 days even. Most of the customers are satisfied on withdrawal except few who have invested larger amounts.
Cedar Finance Demo
Cedar finance offers demo account to the traders who are relatively new in binary options trade market. Demo account is actually a “practice” account aimed to make new trader familiar with process, working, trading trends, profits and choosing assets.
Trader can work on risk free demo account as much as possible to understand and boost his confidence which may encourage him to invest some money in real trading. Demo account is successfully been used by Cedar Finance to not only educate the investors but also fetching new customers to them. New customers get attracted towards risk free investment but situation may change when they come across real trading.
Cedar Finance Review
Cedar finance was incepted in 2011 to provide guidance to investors in the field of binary options trade of forex sector. Although they provide information about their legitimacy, many traders and brokers even are reluctant to accept their legitimacy in Europen market. Despite of this fact, Cedar Finance was able to seek attention of many customers as well and soon got reputation of most trusted broker. Popularity graph changed when people started difficulty in their withdrawal process, especially big investors are still complaining about their withdrawal. Cedar Finance is offering handsome amount of returns more than 80 percent but traders get no idea how much loss he may have to bear in case of failure. Though the company seems good but it is very difficult to recommend as a choice in presence of complaints regarding withdrawals.
Cedar Finance Scam
The idea of trading with binary options itself involves lots of risk as one has to choose between two options only. This is how it works with binary options but if the broker you are trusting is a fraud then it is definitely a loss.
Rumors about illegitimacy of Cedar Finance increase fears of investors when they come across news regard withdrawal scams especially large investors are often found complaining about withdrawal process, and even they complain that Cedar Finance is responsible for their losses. It is natural to pay head upon these rumors and show vigilance about investing and trading with them.
ConclusionAfter detailed investigation our team concluded that there are better choices than Cedar Finance. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with Cedar Finance.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.