|Minimum Deposit||Minimum Trade
|$200||$5||85%||up to 100%
The Cedar Finance Binary Options – NO LONGER IN BUSINESS
Cedar Finance is one broker worth taking a closer look at. Established in 2011, the firm is regulated and licensed by the CySEC and behind their success in a very competitive market lies a composition of various factors. A swift and reliable software platform makes the firm to be the most popular as well as highly trusted binary options brand.
With over 300,000 satisfied clients plus a service structure that provides for the needs of a wide variety of clients, from novices to high roller VIP clients, it offers a splendid Trading Academy that comes with free training videos and webinars.
The broker accepts U.S. clients as well as international clients, and seeks to serve them extremely well in this competitive industry. Thomson Reuters provides all of the market data used by Cedar Finance which has been proven to be quite accurate and very reliable.
The accounts provided means the services can be tailored to each kind of trader, with each having its own characteristics that appeal to both beginners and advanced investors.
Starter Account: Requires a minimum of $200 deposit and comes with a 30% bonus. Additional features include video tutorials, trading e-book, breaking financial news and 24/7 support.
Bronze Account: Requires a $500 – $999 deposit with a bonus of 50%. Additional features include trading strategy, trading signals, one risk free trade and market analysis.
Silver Account: Requires a $1000 -$4999 deposit with a bonus of 75%. Additional features include market analysis, trading signals, expedited withdrawals, trading strategies and three risk free trades.
Gold Account: Requires a $5000 USD deposit with up to a 100% bonus. This offer is the most complete as it covers all possible trading requirements.
Platinum Account: This requires a deposit of $10,000 to be eligible.
The Cedar Finance refund policy is 20% on losing transactions and also provides for great flexibility. Double up, early close and extend options on trades are offered, which allows traders to minimize on their losses when wrong, or turn losing trades into break-even or winning transactions. Moreover, the firm provides superb flexibility for long expiry trade properties plus a Dynamic Payout tool that traders can use for hedging different trades.
What is markedly different from other leading brokers is the volume and number of special offers provided by this firm. Clients are often presented with handsome bonus offers of up to 200% which is a rarity in the market.
With a minimum trade size of only $5 plus a minimum deposit of just $200, this broker provides 81% payout on typical Put binary and Call option instruments. Additionally, it offers up to 500% on longer term, one-touch type binary instruments. Again, traders are able to reduce potential losses in case of unsuccessful transactions by between 5% to 20%.
Available assets are over 150 which are divided into four main clusters; Stocks, Indices, Commodities and Currency Pairs, which is quite above what other brands offer. A greater choice of assets on disposal is always preferred by traders since they can all find something that is easiest to trade with.
This service is via phone, live chat or email address, with swift response from the firm’s competent customer support team. The team doesn’t limit its services to sales but also goes out of its way to help clients with concise information and reliable advice.
Regulation and security
Cedar Finance is licensed to operate within the EU legal framework in addition to being regulated by the Cyprus Securities & Exchange Commission (CySEC). It also meets the requirements of the C.F.T.C. Further, clients’ funds are 100% safe being in separate safe keeping from the firm’s own operating funds thus it’s had for clients to lose money because of company insolvency.