Cedar Finance Review

A Review of Cedar Finance 2013

Introduction

Here is another binary options brokerage company located in Cyprus named T.B.S.F. BEST STRATEGY FINANCE Ltd. This company operates the Cedar Finance brand. Cedar Finance has teamed up with SpotOption to present their white-label platform.

 Sign up to CedarFinance.com Now and Claim a 75% up to $5,000 Bonus!

cedarfinance

 

Payouts and Expiry Times

Payouts on Cedar Finance are a function of the trade contract and use of the Early Closure function. Apart from the One Touch option which has a payout of 500%, all other trade contracts on Cedar Finance yield a payout of 70% to 81% per successful trade.

Expiry times range from 15 minutes to 24 hours for the Call/Put, 60 seconds and OptionBuilder trades. The One Touch trade has an expiry of one week.

Bonuses and Promotions

Cedar Finance has a deluge of bonuses and promos to offer its clients.

a)    Welcome Bonus: A welcome bonus of between 30% and 75% of initial deposit, up to a maximum of $5000. This will depend on the type of account opened by the trader.

b)    Special Bonuses: There is a free iPad for deposits of up to $5000, 1 guaranteed trade, and a 30 day Gold account upgrade at no cost to the trader.

 

Assets index

The assets that are available for trading on the platform of Cedar Finance are:

a)    Commodities: Wheat, sugar, coffee, gold, silver, platinum, crude oil.

b)    Currencies: EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDZAR.

c)     INDICES: ASX (AUSTRALIA), CAC40., DAX, DOW, FTSE100, IBEX, KL FUTURE, NASDAQ, NIFTY, NIKKEI 225, S&P500, STRAITS TIMES, TEL AVIV 25, TOPIX.

d)    Stocks: Toshiba Co, Amazon, Barclays, Baidu, BNP Paribas, British American Tobacco, Fiat, France Telecom, Goldman Sachs, Hitachi, Ibm, Nissan Motor, Petrobras, S.Bank India, Sab Miller, Tesco, Teva Pharma, Turkcell (Turkey).

Trading Tools

General

The Loss return tool is available for traders to recoup some of their investment in case of a losing trade.

Technical

There is a line chart that can be used to monitor open trades.

Deposits and Withdrawals

Accounts on Cedar Finance can be held in Euros, British Pounds and US Dollars. The following payment methods are accepted on Cedar Finance:

  • Credit Cards: Cedar Finance accepts AMEX, MasterCard,VISA, Maestro and Diner’s Club.
  • Bank Wires: Deposit transactions below this amount attract a fee of $25 per transaction. All withdrawal transactions using wire transfers attract a fee of $25. Traders have no limits on the amounts that they can deposit with wire transfers.
  • Moneybookers
  • Western Union
  • CashU is a popular means of transaction in North African and the Middle East.

 

Minimum Deposit

The minimum deposit for credit/debit cards, Moneybookers and CashU is $200. No fees are charged. The minimum deposit for bank wires is $500.

Maximum Deposit

Credit or debit card deposit maximums are pegged at $5000. Bank wires can be used to transfer money without limits.

Deposit Info

Deposits below the minimum deposit amount will be surcharged by $30.

Withdrawal Info

To be able to withdraw the bonus amount, the trader must generate at least 40X the bonus. Traders can only withdraw as from $200, not barring the transaction method used.

CashU withdrawals are free.

 Sign up to CedarFinance.com Now and Claim a 75% up to $5,000 Bonus! 

Customer Support

How can the customer support desk on Cedar Finance be accessed? The following channels exist for inquiries, questions and complaints to the Cedar Finance support desk.

–       Live chat: this is accessible from the home page.

–       Email: Via the online contact form. This same form is used to communicate with the sales desk, technical support unit and the dealing room.

–       Phone:

+1 347 486 4045

+1 415 906 5206

+357 220 306 45

+44 560 370 4113

+33 533 520 195

+883 510 001 123 164

 

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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