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 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
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?
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 site 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. There are brokers who are the complete opposite of Cedar Finance and these are the corporations you can trust:
- EZTrader – Why? First of all because this is the only company in the binary industry that is both regulated in Europe and quoted on the Nasdaq OTCBB. So as opposed to Cedar Finance, your money is actually safe with EZTrader. Another reason is because their Education Center delivers the best results in the binary business and helps you learn how to increase your profit and lower risks. Their team of investment advisers are the real deal, and will warn you about risk while teaching you safe trading strategies. In terms of professionalism, EZTrader is the most serious and reliable company out there, and not surprisingly, it’s the fastest growing binary options broker worldwide. If all these advantages are not enough, remember it also offers you the highest payout in the market: 95% per trade. Deposit now, add the cash bonus to your account and start profiting:
- OptionBit – Why? Because only here you get the most advanced trading signals service for free. Algobit is an innovative investment tool that automatically detects the best trades available to you at all times, and enables you to significantly increase your yields. Its interface has been incorporated onto the trading platform, so you can use this amazing advantage while monitoring your regular trades. OptionBit offers other benefits including one-on-one training, financial updates and a generous cash bonus. No other broker offers so much for free. OptionBit is the 2nd largest broker worldwide and pays one of the highest return rates for you to profit from. It is a safe option for you to invest and earn with:
- Global Option – Why? If you like a more personal approach, this binary broker offers you the best and most complete one-on-one training sessions, and that is the best and fastest way for you learn trading strategies and succeed. Traders have reported a major increase in profitability as a result. Since you will be performing part of your trades from your mobile, try Global Option for the best mobile trading site and the freedom to earn from anywhere. This reliable broker offers a guaranteed cash bonus and as soon as you open your account, while personal investment advisers assist you in creating immediate and consistent profits. Deposit now to earn up to 95% per trade with a trustworthy company:
- TradeRush – Why? Because you get to trade and profit with the largest US based binary options broker. This is an experienced and dependable company employing highly qualified, personal account managers who will teach you how to succeed and earn quickly. It also has the largest video library, with over 80 trading video tutorials. Make your deposit now andget access to the best educational ebook of the binary market as well as a large bonus. Learn more about risk control and trading strategies. Deposit today and profit consistently with this market innovator:
So what is the difference between Cedar Finance and legit companies? Transparency, assistance and insurance. 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 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 EZTrader, Optionbit or Global Option 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.
Sadly, our site, that alerts to important factors that can be harmful to you is constantly under cyber attacks. Although it cannot be determined who is behind this aggressive and unlawful attempts at harming our site, we leave it to you to figure out who might be interested in avoiding this type of publicity. If you feel this article was helpful and could have saved you or other some money, please click the Plus One button in the upper right corner of our sidebar.