Year Established: 2011
Min. Deposit: $200
Cedar Finance is has fast become one of the most recognizable brand names in Binary Options. They pride themselves on professional customer support and service. In the following review we analyze the performance, features and service of Cedar Finance to determine if the solid reputation is deserved.
Summary of our Cedar Finance Review
No. Assets 154
Asset Classes Stocks, Currencies, Commodities, Indices
Trading Features Digital, Touch, Turbo, Range
Software Platform TradoLogic
Payout % 81%
Minimum Deposit $200
US Friendly Yes
Demo Account Yes
Bonus Up to 100%
Currencies USD, EUR, GBP
Customer Service: Their support team is available 24/7 in multiple languages. I found them very helpful and responsive when I contacted them. They can be contacted through phone, e-mail or live chat.
Deposit/Withdrawal: As with most brokers credit car deposit and withdrawal went smoothly.
Trading/Execution: Trading and execution was satisfactory.
Features: Cedar Finance has a full range of trading choices including One Touch Option, Range Options and Turbo Trading.
Trading Education and Market Data
Cedar Finance will provide you with your own personal account manager, an experienced trading expert who gives you tips about how to improve your trading performance. Sign up for an account and download a free eBook.
They also provides you with daily, weekly and monthly news updates geared towards stocks, indices, currencies and commodities.
Cedar Finance Details
Assets Available to Trade: Assortment of 34 Stocks, 15 Currency pairs, 7 Commodities and 27 Indices.
Currencies Accepted for Deposit: USD, EUR, GBP
Minimum Deposit Amount: 200 USD, 200 EUR, 200 GBP.
Minimum Trade Amount: $5
Demo Account: Free Demo Account does not require a deposit. Give Customer Service Coupon Code DEMO48.
Deposit Methods: Visa, MasterCard, AMEX, Maestro, Visa Electron, Nordea, iDeal, Moneybookers and Wire Transfer
Withdrawal Time Frame: Up to two business days to process the request
Support: Cedar Finance has 24/7 Live Chat, customer phone support and email.
Bonus Structure: Deposit bonus varies per deposit amount up to 100%. Check with Customer Support before depositing to confirm bonus offer.
Cedar Finance Special Bonus Code
Cedar Finance offers a 100% bonus on your first deposit. Make a deposit of $200 and they will deposit another $200 into your account. Simpy provide customer service with Bonus Code CEDARTREE and they will add your bonus.
Is Cedar Finance a Scam?
We’ve received a lot of questions about Cedar and the speed with which they’ve grown. The simple questions is “Is Cedar Finance legit or another broker scam?” They have grown incredibly quickly and there is a lot of buzz about them in the news, amongst traders and affiliates. All of our dealings with them have been extremely professional and they keep showing themselves to be a serious operation that really cares about traders and partners. Their rapid growth is not an accident and we predict that they will be continue to be one of the biggest and most successful binary brokers well into the future. As of October 2013 Cedar Finance is regulated by CySEC, thus adding an extra layer of legitimacy to their operations.
Cedar Finance Trading Platform and Features
When you click the Trading Platform tab on the Cedar Finance homepage, you will see a trading screen. The Trading Screen shows you 4 different trading choices: DIGITAL, TOUCH, RANGE and TURBO.
Digital trades are standard Call/Put trades.
Just select one of the displayed trading assets from the list. You can choose whatever binary option trade you like at all times by clicking on the drop down menu in each trade box.
Cedar Finance offers the following Trading features:
You can predict whether a stock will reach a specific price during a certain period of time. You don’t have to wait for the expiry time to be in-the-money; once the price of the underlying asset has been reached, you’ve earned your profit right away. With Cedar Finance you can earn up to 150% on One Touch trades. You are presented with an upper price point and lower price point. You select whether asset will reach Upper price or Lower price.
In Range Trading you are presented with a trading range with an upper and lower price limit. You decide whether the asset will expire within the range or outside of the trading range.
Turbo Trading are short term options. Expiration time of 60 Seconds, 2 Minutes and 5 Minutes are offered.