Is there a Cedar Finance scam?
Are digital options a real investment?
Will you profit from binary trading?
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 how it compares to other brokers. It will help you make the right decisions and protect your investment.
Is Cedar Finance legit?
To understand why Cedar Finance’s legitimacy as a destination for your money is questionable, first you need to understand what the top binary brokers offer their clients. These reliable and experienced companies give you the opportunity to profit by using modern trading tools and real financial guidance. Here is a detailed explanation of the top brokers’ advantages:
EZTrader – This broker is definitely the best choice for your investment because it is fully regulated, has highly qualified professional investments consultants, and has the most complete Educational Center in the industry, with several tutorials and articles to help you perfect your trading skills. It recently welcomed soccer legend Hernan Crespo, the first on a list of VIP clients joining EZTrader. This broker is currently offering a 100% cash bonus to all new traders, as well as free access to an amazing new automated tool: Option Navigator. EZTrader doesn’t not accept American or Canadian clients, but for all the rest, this us a safe and serious broker to invest and profit with:
Boss Capital – Perfect for American traders, this binary options broker has several unique advantages, but none greater than the financial advice given by their expert advisers. With daily webinars through which you can learn trading strategies and risk management, Boss Capital also offers an excellent trading guide, video tutorials and a signals service. If you are looking to learn excellent tips and trading methods, Boss Option is an excellent choice.
OptionBit – This large European binary options broker (it does not welcome USA customers) is the only one through which you will have access to the ultimate trading signals tool: Algobit. This service is widely regarded as the most innovative and preferred signals service in the binary field, because it not only scans the world markets in real time, identifying the best trading opportunities, but also executes the trades, leaving you the simple task of approving each transaction. Besides this advantage, OptionBit is fully regulated and is considered one of the most experienced and reliable corporations for online traders. Click to watch the video:
So what is the difference between Cedar Finance and legit companies? Ask yourself the following questions:
- Does a legit company write on its site that it is regulated by a governmental agency when it in fact is not?!
- Does a legit binary options broker post on its site an entire page of fake awards to fool you into thinking this company excels at something?
- How many CEO’s of a major financial company you know that have no profile at Linkedin or any other professional networking site for that matter?
So don’t be fooled, the writing is on the wall: Cedar Finance is not being honest with you, and depositing money with it is a huge and unnecessary risk.
But do not give up on earning money! Binary options are certainly the golden opportunity to increase your monthly income and you should not relinquish this chance.
Yet, understanding how binary trading works and learning to differentiate between fraud and legitimate professional brokers is the path to your success. The above-mentioned brokers are the complete opposite of Cedar Finance and these are the corporations you should trust.
A Preview to 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 major risks of binary trading
- How to avoid these risks and get that 80% return
- Why Cedar Finance is an outright scam
- What alternatives are there to Cedar Finance
Transparency, assistance and insurance. These are the qualities you need to search for in a financial company. Why trade with a broker that lies about its regulatory status, invents awards it has not won, lacks proper professional guidance and does not offer quality investment tools? There is no reason to make that mistake.
Binary options, also known as digital options, are an online financial derivative that allows trader to predict the short term price changes of a chosen asset. What does this mean? Basically buying an option is creating a contract between the trader and the broker. It allows the trader to predict the price fluctuation of the chosen asset within a specific, short period of time. The system is extremely simple, and aims at making investments accessible to virtually anyone. Cedar Finance try to sell you the idea that since trading binary options is easy, profiting is also a given. But this is a volatile investment that requires caution, and a serious company will help you manage risks and create profits.
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 dollars.
One thing should be 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 and Swift Option are more reliable, not only in that aspect, but in the overall treatment towards their clients. EZTrader has the meaningful advantage of real regulation, and also offers you a free learning program for beginners and experienced traders. Traders have reported excellent results after participating in this investment training.
Making money with binary options
Complaints against Cedar Finance are justifiable because this company is dishonest about practically every aspect of its presentation to the clients. It claims to have its headquarters in Cyprus, but apparently its offices are actually in Poland. It posts a scandalous page with fake awards that is simply outrageous. It fails to inform you what really happens to your money once its in their hands. Binary options are risky enough without having to gamble on a broker that is clearly not acting in a professional manner.
So just how dicey are binary 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 because of the way they present binary options trading and because of the dishonest way they market themselves is ok. But they are not responsible for the inherent risk of trading with a speculative financial tool such as digital options.
You will succeed in this field if 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.
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 available in six different languages, including German and Russian. Whatever language you might speak, its important that you read the terms and conditions because in them you will find some clauses that can harm your investment.
First of all, the terms and conditions state that Cedar Finance can refuse to distribute profits. So if a trader actually is able to earn some money with this broker, the broker clearly wrote in the Agreement that it might not give those earnings back. That most certainly is a concern and a fraud alert.
Furthermore, another clause informs that once a client receives a cash bonus, he or she will need to trade 30 times the amount of their deposit before being able to withdraw money. This kind of draconic clauses are proof that this broker is a scam risk your should avoid at all costs.
Cedar Finance Scam Conclusion
This binary broker is an outright scam. They way it presents its product and the level of service it gives are questionable. It apparently presents a fake CEO persona, is not forthright about its regulatory situation and it boasts about imaginary awards it won.
Yet questioning if Cedar Finance is legit perhaps is the not the direction you need to take. The real key to your success is choosing the right broker for your needs. Binary corporations such as RedWood Options, Swift Option or EZTrader are professional and reliable companies that can actually enhance your trading abilities and increase your odds of profiting consistently. 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. More importantly, they have proper regulation and your monies are safe and guaranteed.
Cedar Finance Scam Updates
Cedar Finance which is legally owned by T.B.S.F. Best Strategy Finance Ltd obtained an CYSEC license on September 12th, 2013, as can be seen on this list. It will not help traders at all as long as the company reserves to itself the right of not distributing profits.
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