Ever since Cedar Finance entered the binary options industry in 2010, the industry leading online broker has been garnering quite a following. The company provides traders with excellent customer service and support, an easy to use and intuitive trading platform, and numerous trading options, which makes the industry leader one of the most popular binary options brokers on the internet today.
Cedar Finance offers traders three different account options to choose from, and each account option can be tailored to provide a variety of benefits for every type of trader. Although the Gold Package rewards traders who make a larger initial deposit by providing them with a sizable welcome bonus and a higher profit return on selected trades, traders of every level can benefit from competitive bonuses no matter what type of account they open. Regardless of their account size, Cedar Finance offers every trader a competitive return of at least 81 percent on successful trades.
Another popular characteristic of Cedar Finance is the plethora of assets available for trading. In fact, there are over 80 assets for traders to choose from covering all of the popular securities, such as stocks, currencies, commodities, and indices. This impressive collection of assets offers traders tremendous flexibility in their trading activity.
Opening an Account
The account creation process at Cedar Finance is an easy step-by-step process. Opening an account simply requires traders to fill out a short online application, after which they only need to deposit funds into their account to begin trading. Traders venturing into binary options for the first time are often pleasantly surprised when they discover that they only have to deposit a minimum of $200 in order to begin trading.
Making Deposits and Withdrawals
Though traders must only deposit $200 when initially funding their accounts, they are able to deposit a maximum of $5,000 per day. However, in order to process a withdrawal, Cedar Finance does require a minimum account balance of at least $200. Traders can deposit funds through their bank account, credit card, or Western Union. Withdrawals can also be processed via a credit card or wire transfer.
The SpotOption trading platform utilized by Cedar Finance is respected throughout the trading community. Not only is it extremely intuitive and easy to use, but it also provides traders with an array of accurate charts and graphs to use for making profitable trades. Using the platform, traders can select from a variety of trading options. Traders can trade standard binaries, short term 60 second options, week long one touch options, or boundary options. Regardless of the type of binary trading a trader chooses, the trading platform is stable and very simple to operate, making entering and exiting trades a breeze.
Types of Trades Available
Cedar Finance not only provides traders with a large variety of assets to choose from, but the optional trade customization feature is extremely beneficial. This option allows traders to select how much of an investment they want to spend on each trade, the profit return they can expect, and the asset’s expiration time. Also, in addition to the standard trading options, Cedar Finance offers traders the Rollover and Double Up features. Using the Rollover feature, traders can actually add additional time to the trade’s expiration, allowing them more time for the trade to realize profits. As the name suggests, the Double Up feature allows traders to double their initial trade investment if it is proving to be a profitable trade. These additional options are an example of why so many traders choose Cedar Finance for their trading needs.
Expert and novice traders alike can benefit from the useful trading tools the company provides. The online training guide gives a detailed overview of binary options and the trading process. Once ready to start trading, there are also useful charting tools and trend indicators that allow traders to be as informed as possible before executing their trades. Additionally, real-time financial and stock market news feeds provide traders with all of the information necessary to initiate profitable trades.
- First-class customer and technical support
- Excellent profit potential
- Wide variety of trading assets
- Many useful features and tools to assist traders
- Intuitive and easy to use trading platform
- Excellent track record in the industry
- Trading platform and customer support is only available in English
- No mobile trading capabilities
Cedar Finance is one of the most popular binary options brokers for a variety of reasons. The trading platform is simple to use and provides traders with many valuable trading tools to maximize trade potential, there are a number of assets available to trade and many trading options, and the customer service and support is the best in the industry. Offering all that it does, it’s not surprising that Yahoo Finance gave Cedar Finance an excellent rating of 5/5, making the broker one of the best in the industry.