Is there a Cedar Finance scam?
Are digital options a real investment?
Will you profit from binary trading?
FACT: You earn an extra income by trading binary options
FACT: You can lose money by trading binary options
If you want to profit, and turn your money into more money, there are some key points you need to understand:
- What are the two major risks of binary trading
- How to avoid these risks and get that 80% return
All these questions have clear answers so you will invest money confidently in this financial derivative. Carefully read this in-depth overview of Cedar Finance and what it seemingly offers. It will help you make the right decisions and protect your investment.
Is Cedar Finance legit?
That is not the question you need to ask yourself. Try this: Cedar Finance promises I can earn money on line, is this true? The answer to that question: it depends on you.
Cedar Finance might not be the most reliable place for your investment, but binary options are certainly the golden opportunity to increase your monthly income. Understanding how binary trading functions and learning to differentiate between fraud and legitimate brokers is the path to success. Profiting from options is both easy and risky, and knowing how to benefit from that simplicity and avoid the risk should be your goal.
The best brokers will guide you towards those high yields. They will bring the results and help traders earn money. If what you are searching for are reliable, professional and trustworthy brokers, the list is pretty short. Here is where money is made:
- EZTrader – Why? Because their Education Center creates the best results in the business, by far. You will know how to increase your profit and lower risks using various free tutorials. In terms of professionalism, EZTrader is really a notch above the rest: these are the financial advisers you want for the success of your investment. EZTrader also offers you the highest payout in the market: 95% per trade. This is a serious and reliable company which gives you a cash bonus on any amount you deposit. So deposit now and start profiting:
- Global Option – Why? Because Global Option offers one-on-one training, the best and fastest way to learn trading strategies. Traders have reported a major increase in profitability as a result. Their mobile trading site is awesome and gives you freedom to trade and profit from anywhere. With personal investment advisers available at all times and a guaranteed cash bonus for your deposit, this solid US based broker is one binary company you can trust. Jump on the opportunity to invest with a company that will enhance your trading skills:
- TradeRush - Why? Because you get to trade and profit with the largest binary options broker in the USA. TradeRush is an experienced and trustworthy company employing highly qualified, personal account managers who will teach you how to succeed and earn quickly. Open an account and make your deposit, which will give you access to tons of online tutorials and learning tools for free. Ask them about risk control and trading strategies. Deposit today to profit consistently with this market leader:
- Anyoption – Why? If you are European, you want to choose the front-runner among binary companies, and the only broker to offer more than 150 assets. Build the optimal investment portfolio and take advantage of every market opportunity. Anyoption doesn’t operate in the USA. But it dominates all major European markets, and is praised for its excellent customer service and serious approach. Deposit now and start earning immediately with their unmatched efficiency:
Now let’s get back to analyzing the legitimacy of Cedar Finance. The following exposition is worthwhile:
Binary options, also known as digital options, are an online derivative that allows trader to predict the short term price changes of a chosen asset. The system is extremely simple, and aims at making investments accessible to virtually anyone. Cedar Finance in fact point out to this apparent advantage, explaining in their site how speculative trading used to require abundant financial knowledge, but has now been simplified to fit any person. Though it might be that Cedar Finance is legit (more on that ahead), that statement is very arguable. Binary options trading is easy and simple, but uncomplicated investments are not necessarily safe. You must understand how this trading system works.
The Binary Options System
Binary trading follows a three step process:
- Choosing an asset
- Deciding the amount to be invested
- Making a prediction
The first step requires you to select one of the assets available in the trading platform. These online platforms are the surroundings where the entire process takes place. Each broker has a platform which offers four basic types of assets:
- Currencies – foreign exchange pairing such as the USD vs the Euro
- Stocks – Mainly from major firms worldwide
- Indices – Most of which are related to regional stock markets
- Commodities – Usually a very small list including 3-5 major commodities
The second step is simpler, and involves deciding what amount you wish to invest in a specific option. This starts with 20 dollars per trade. The third step is what this trading system is all about. You need to predict the price of the asset within the time frame in which the option expires. For example, if you choose a stock, such as Google, and invest 40 dollars in an option that expires in 15 minutes (that is more or less the average you will be looking at), you need to predict if the price at expiry will be higher or lower than the current price. Sounds easy? Well, it is.
Cedar Finance fraud allegations
The payout in digital options is amazing. You earn up to 80% on each trade. So if you invest 100 dollars and your prognosis is correct, you earn 80 dollars in minutes. That sounds promising, and it is. What Cedar Finance doesn’t point out clearly enough, is that when your prediction is incorrect, you could lose anywhere from 100% to 90% of your investment. So in the above example, your 100 dollars would turn into zero, or in the best case, you are left with ten bucks. So one thing is clear: binary options trading is highly risky. Yes, you might earn substantial amounts of money, but you might lose your entire investment. The fact that the Cedar Finance system functions this way turns it into a fraud? Looking at it purely from a marketing angle the answer is no. Cedar finance is a company selling its product which happens to be a very high risk, high profit derivative. Could they do a better job of clarifying just how risky it is? Definitely. Yet establishing that there is a Cedar Finance scam requires more than just an overly shrewd marketing campaign. On the other hand, that is the huge difference between trustworthy brokers and others. Certain binary brokers are straightforward about the risks involved in binary trading. Firms such as EZTrader are more reliable, not only in that aspect, but in the overall treatment towards their clients. EZTrader offers you a free learning program for beginners and experienced traders. Traders have reported excellent results after participating in this investment training. Register now and get all the info needed to succeed.
Making money with binary options
So just how dicey are these options? To simplify the answer, all you need to know is that in order to break even, the winning percentage has to be 55%. This means you need to predict more than half of your digital options correctly just to stay in the game. To actually make a profit, there need to be a consistent 60% accuracy or more. Those are big numbers. Therefore, accusing Cedar Finance of being a scam could be considered because of the way they present binary options. You will succeed in this field because you prepare yourself thoroughly. Learn about the assets you want to choose, understand what are the best circumstances in which to trade, and generally, build a binary options strategy. The right companies will help you do this. While Cedar Finance use an argument that profit can be made without any experience or ability, more serious brokers such as Global Option offer personal account managers to study with. Several traders have reported that this will vastly improve your investment abilities. Such financial know-how will make all the difference between a lousy experience, and a consistent extra income for you and your family. If you just start trading without any knowledge or support, you will most probably lose money in the beginning. If someone makes a bad investment that is not enough to declare there is a Cedar Finance scam. Yet, there are other aspects to digital options that have to be analyzed, before letting this broker of the fraud hook.
Cedar Finance Services
There are way too many complaints about the way this company handles its customers. A quick visit to the site clearly points out to the fact that professionalism is not their strength. Anytime you are going to deposit money with a binary broker, or in any investment, making sure the firm is serious and professional is a big step in the right direction. The Cedar Finance site is poorly made, lacks in information, gives mixed data and is a general mess. Many traders worry because it is based out of Cyprus. This is a none-issue, since most binary brokers are based in that European country for tax and future regulation purposes. But if a company offers anything that relates to your money, the least is to try and present a more professional and clean look. Again, not a scam, but not an advantage either.
Cedar Finance Scam Conclusion
Although this binary broker is not an outright scam, they way it presents its product and the level of service it gives are questionable. Questioning if Cedar Finance is legit perhaps is the wrong question. Preferably, the real issue would be choosing the right broker for your needs. Cedar Finance are a relative new broker and this might be the reason for some of the problems traders encountered. This company is growing at a very fast pace, so something in their system must be working right. They have expanded their services to the German and French market, which is a cause of worry, because companies shouldn’t enlarge their financial activities amidst scam rumors. Therefore choose the best binary brokers, such as EZTrader, TradeRush or Global Option. Another posibility is Anyoption, for European traders. These experienced brokers have excellent service, and provide you with much needed learning material to improve your knowledge and skills. They are also honest with you about informing of the risks of binary options trading.