Work with Cedar Finance
Cedar Finance is an established binary options broker which has been in operation for several years now. Offering a Tradologic platform and very attractive payout rates, this broker shows up on the short list of many future and established traders. Regardless of which category you fall into, the information below should prove helpful when trying to decide whether or not this broker is the one for you.
It should come as no surprise to hear that Cedar Finance is offers a binary options platform which is extremely user-friendly. An easy to use platform has become standard within the industry, as new traders tend to bypass any platform which is overly complicated. Labeled tabs point out each of the upcoming options, making navigation of the platform extremely simple. In just a couple of clicks, contracts can be purchased. This is a big bonus for beginner level traders. The only possible drawback for some would be the fact that this broker does not yet offer mobile trading for smartphones and tablets.
The Cedar Finance platform includes a number of different trade types including Turbo, Range, Touch, and Digital. Turbo trades are offered with three different expiry times. Range trades are offered in both “In” and “Out” varieties. Among these four types binary options traders will find a host of profit opportunities. This becomes even more clear when you consider the fact that this broker offers over 150 underlying assets to trade with.
Cedar Finance does offer above average payout rates of as much as 81% on standard trades. Their Touch options are available on the weekend and offer payout rates of as much as 250%. The lowest that a trader would ever earn would be 68%. As with any binary options platform, higher payout offers come with higher levels of risk. The payout offered for each profitable trade will be listed within the trade window and is always shown in advance of each contract purchase.
Anyone who wishes to register with Cedar Finance can do so for free. A financial deposit is only necessary once you are ready to trade binary options within their platform. Deposits can be submitted via credit card, bank wire, and Skrill. The minimum deposit amount is set at $200, but traders may want to consider depositing more if possible as the first deposit sum is directly linked to the bonus amount and account tier. USD, GBP, EUR currencies can be used for all banking functions.
Profit withdrawals work must the same as deposits, with the same banking methods available and the minimum amount being set at $200. Credit card withdrawals are offered at no-cost. Bank wires can be free, but only when they total $500 or more. For withdrawals totaling less than this, a fee of $25 is charged. The total time-frame for withdrawals will vary by account type, with Platinum, Gold, and Silver accounts having access to faster payments. Standard Bronze account holders should receive payments in a total of 10 days or less.
Customer service is one of the strong points of Cedar Finance. Assistance in at least one form is offered at all times. The available contact methods include email, telephone, or live chat. The website contains several sections which can answer questions, including the live chat function which starts off offering answers to most of the common questions that binary options traders might have. Support is offered in several major languages, and there are country specific phone numbers posted within the contact tab of the website.
In addition to basic tutorials, Cedar Finance offers a full line of tools and resources. Things such as videos, market analysis, market news, webinars, and more are all offered to traders who choose to team up with this binary options broker. Traders also have access to an account manager which can provide assistance and answer questions. A demo account is not offered, but then these are not really common any longer.
As per usual, we screened Cedar Finance for any signs of being connected with a binary options scam even though this is a well-established broker. There really isn’t much to report in this area. Payments are being issued in a timely manner and the platform itself seems to be problem-free. Whenever attempting to verify broker reliability, keep in mind that the longer that a broker has been in operation, the less the likelihood that they are associated with a scam. Scam brokers do not last long.
Overall, Cedar Finance is a solid broker which offers a well-liked platform and plenty of extras. The lack of mobile trading will be viewed as a drawback for some, but other than this, it is really difficult to find anything to complain about. Payout rates are attractive, banking is flexible, tools are plentiful, and there is plenty of variety represented in the options. Together, all of this adds up to one attractive binary options broker option for modern traders.