The results of our expert investigation confirmed some of the negative comments about Cedar Finance found online. As an alternative we at Top10BinarySignals.com have made a list of the Top Risk-Free Binary Brokers.
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Cedar Finance Review
Cedar Finance have been for quite some time in the world of binary trading and it claims to be one of the premier binary trading platforms in the present market. The customer services and training session are good but considering the binary trading, these are nothing unique than any other trading platforms. The company claims to provide a huge collection of assets within the stocks, currencies, indices and commodities. They are currently operating on the Tradologic trading platform. But we cannot assure you that all these features will be legitimate because we do not have any real time proof of these features working flawlessly.
Cedar Finance Scam
Though there are not any direct information that depict the Cedar Finance is a complete scam, but there have been certain issues with the asset index structure. The problem with the asset index is it shows a lot of variation within the tabs for the different categories. This does not really prove that the company is a scam, but, they have been struggling a lot with the website functionality. Now the problem is, while trading online you shall need the website to be functioning accurately; so if you are not sure that the website is secured, it is better to be alert before investing in the company.
Cedar Finance Withdrawal Methods
The company offers a wide range of assets but to start the trade, you need to make an initial deposit of $200 for opening an account and start trade. Your advantages and trading options will increase with more deposit but we cannot assure you that your amount will be withdrawn smoothly. There is nothing new with the withdrawal process; it takes 3-5 days for request processing and 5-7 days more for complete transaction which is slower than other brokers. This is a slow process and we recommend that you check out more reliable brokers before investing.
Cedar Finance Demo
This one is a major drawback of the company since it does not offer any demo account. Now one of the questions that come for this broker is, whether you are sure enough to deposit money and start trading irrespective of being inexperienced? It is better to reconsider the plan of investing with a broker who doesn’t offer demo trading feature, if you want to start binary options trading. Without knowing the trading systems, options, assets and the variations, it would not be a wise move to invest a huge amount.
Cedar Finance Promotions and Bonus
For the bonus features the company offers a straight startup of 200% return bonus for any VIP accounts. This is a good feature for a binary broker, but a 200% return seems too good to be true. The catch is, with more deposit, you shall gain more benefits, but, it is better not to invest a good amount without proper research of the company. You get a free iPad for a deposit of $5000, but without making a trade of $2500 you cannot attain the iPad. So you are never sure what the hidden clauses are and tricks are there to prevent you from gaining your money.
Cedar Finance Complaints
The withdrawal problems are one of the major issues for the Cedar Finance complaints. The so long period of time for the overall transactions has become a major cause of discontent for a huge number of people. The inexperienced traders are not able to trust the company because of the unavailability of the demo account. The customer care services are also not availed at the necessary times. These are some of the complaints being quoted online; however we can’t verify if all of these are true. So, we cannot assure you that you are making the right investment.