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Editor Rating
- 5/5 – Excellent
- Cedar Finance Review
- Website:
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Review Summary:
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The core of any binary options company is built on the ability to provide its customers with a comfortable trading environment. It is the kind of ambience that hammers home two important axioms to any company in the binary options world. Firstly, it allows traders to feel that they can jump right in and participate with confidence, which is especially important if the trader is new to binary options. Secondly, it gives the company a feel of authority and legitimacy; two things that are off the essence in this rapidly moving, highly scrutinized field of investing.
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It is this latter axiom that makes CedarFinance.com such a key player in the binary options industry. Armed with a look and feel that is nothing short of relentlessly professional, the company pays close attention to the often overlooked aesthetics of the binary options market, all while backing up their look with a platform that is simple and intuitive.
CedarFinance.com Basics
CedarFinance.com was founded in 2010 in Nicosia, Cyprus. While the company’s headquarters are located in the Mediterranean Island nation, they do have various other offices scattered across the globe. The web-based binary options program they oversee is powered by Tradologic, which is one of the most common platforms used in the binary options industry. As one may suspect, CedarFinance.com offers traders to work many different types of assets. There are currently over 156 assets, including bitcoin, litecoin, and many more:
- Currencies – Examples of these include Great British Pound/US Dollar, Euro/US Dollar, and Euro Japanese Yen
- Commodities – Examples of these include Gold, Silver, Platinum, and Oil
- Indices – Examples of these include NADAQ, Dow Jones, and S&P Future
- Stocks – Examples of these include IBM, Coca-Cola, Goldman Sachs, and Barclays
Top Features of CedarFinance.com
The professional element that CedarFinance.com brings to the table is one item that truly sets the company apart from the competition. Every page of the site is sleekly designed and rather fetching to look at, giving it an appearance that it has been around longer than it has been. In an industry whose rapidly moving, high risk/high reward nature may make some potentially interested traders a little reluctant to jump into the game, this level of professional detail does wonders to let the gun shy set feel at ease with registering and getting involved.
Another thing that CedarFinance.com does rather well is keep things simple for traders that do join their services. Underneath the layers of professional aesthetic is a user-friendly platform that feels very intuitive and logical in every aspect for a trader, whether he or she is placing a trade or funding an account. The flow of the website is also built rather sensibly, in the sense that there is not a whole lot of hunting and pecking that a trader would need to do in order to find any information that he or she may need in order to make an informed, intelligent investing decision.
Both the design of the site and the simplicity of the platform work extremely well in providing a binary options experience that takes the nervous edge off of things for new traders. It also adds a certain level of integrity that veterans of the binary options world may find rather appealing.
CedarFinance.com’s Prices and Payouts
While there is no cost to register an account with CedarFinance.com, the minimum deposit required in order to begin trading on the site depends on what method the trader uses to fund his or her account. For credit card deposits, the minimum deposit amount is $200, a price that keeps the company highly competitive with the rest of their field. Funding via bank wire transfer requires a minimum amount of $500 unless the trader is willing to pay an additional fee of $25.
As far as trading goes, CedarFinance.com does not have an abundance of assets available in comparison to some of the other binary options companies out there. However, they do seem to specialize in indices, as nearly one third of the assets they offer fall into that particular class – 23 in all. This is a solid number for traders that like to immerse themselves into that realm of investment. CedarFinance.com also keeps things light and simple by only offering One Touch trades and basic put/call trades; in the latter case,CedarFinance.com has 60s, 45s, 30s and 15s option. This is really a great feature as people tend to love quick trading options.
Payouts by CedarFinance.com are pretty solid, as they offer return percentages that range between 71% and 81% on binary option trades that finish positively for the trader. The payout percentage on a high yield One Touch trade is particularly enticing, as this number can be as high as 500%. And CedarFinance.com does offer refund percentages as high as 20% on some of the trades that finish out of the money; this percentage depends on the type of trade and the investment amount made by the trader. Trader actually has a choice selection of 5%/10%/15%/20% in case of loss on the trade.
When it comes to the time for a trader to withdraw his or her profits, CedarFinance.com makes the process pretty easy. They offer a wealth of withdrawal options for the trader, including Skrill (Moneybookers), bank wire transfer, Deal, Webmoney, Kiwi and many more. That said, traders should be advised that bank wire transfers do carry an additional $25 fee for amounts lower than $500. Traders should expect the withdrawal process to take about eight to ten days to occur.
The Downsides to CedarFinance.com
Although CedarFinance.com does have a wealth of indices for traders to choose from, some traders that are looking for a broader spectrum of assets to work with may find their selection in other asset classes to be lacking, particularly in the stocks class.
Other people may find that the tools that CedarFinance.com offers are slight in comparison to other binary options companies. While the basics can be found here, such as an 18-page step-by-step guide into the world of trading, those that are really looking to dive into the depths of binary options beyond the essentials may wish that more data was available.
Additionally, some traders may find the start to finish process for withdrawals to be a little too long for their tastes. Although the eight to ten day process is not something that is out of the ordinary within the binary options industry, some companies do perform this process in an more expedient manner.
Finally, CedarFinance.com does not offer any demo accounts like some of the other binary option companies. While the sleek design and the simplicity may be enough to woo plenty of binary options newcomers to the site, the lack of this particular tool may cause some hesitation amongst others looking to jump into the market for the first time.
CedarFinance.com Support Options
CedarFinance.com makes it very easy for traders to get assistance any time, any place, and anywhere. Their customer service team is available 24/7 via telephone, live chat, and e-mail. And even though the website and platform is only available in English, the company does offer customer support in Deutsch and Russian as well.
To provide traders with market knowledge and deep insight, CerderFinance.com has a wide section of training videos. Besides, it hosts educational webinars and offers 1-on-1 training with personal market analysts, a traders’ magazine named ‘ZOOM’ and other useful resources.
Conclusion
In an industry that tends to get a bad rap amongst people for not necessarily having the level of integrity as other investment options, the mere presence of CedarFinance.com is crucial. Its eye-catching, polished website brings an air of professionalism that is instantly recognizable; something that can’t be said about some of the leading binary options company. The combination of aesthetic and simplicity works remarkably well in letting new traders settle into the world of binary options in a very comfortable manner. Considering the volatile nature of binary options, this level of ease and comfort could easily lead turn newcomers to CedarFinance.com into long-term loyal customers.
