Cedar Finance Scam Review

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Cedar Finance Review

Cedare Finance have ceased all operations. Please visit our recommended brokers page.

Let me guess, you recently watched a youtube video about how to easily make money and the video used a website called Cedar Finance (www.cedarfinance.com). The video presenter showed you how easily he turned $100 into $250 within 60 seconds trading the 60 second binary options on CedarFinance. The idea of making a hundred dollars a minute is pretty darn good, unless you are Bill Gates. After seeing the video you wanted to see if it is legit. Can you really easily make money binary trading at Cedar Finance. Legit, scam or what?

*Scroll down for a growing selection of trader comments (50+ and growing), complaints and scam warnings. Since this post was published in October of 2020 we have had dozens upon dozens of traders add their recent experiences. If you have traded at CedarFinance, good or bad, please leave your experience in the notes for others and share this page on facebook.

Is it a Scam? Or is CedarFinance Legit?

Let me be clear. We are not saying that CedarFinance.com is a scam. This page is not claiming that they are a scam or proclaiming that they are legit and honest. We do not know either way as we have not traded binary options there, nor done enough research into the company.

We have seen a flood of youtube videos featuring CedarFinance and how easy it is to make money trading binary options there. Specifically we are talking about the 60 second videos claiming just trade with the other traders and easily make money.

You may have seen it, but it was the youtube video you watched where the trader showed that all you have to do is to bet with the majority of other traders and make money and that it works most of the time.

Lol, I love the first comment on the youtube page from DChappelle27 that says:

its not easy to make money… dont be a fucking retard, use common sense

The ‘super dooper easy way to makey money’ is the scam.

It’s not Cedar Finance that is the scam, they very well may be legit (we do not know, we have not traded there ourselves. It’s the claim made in the youtube videos that all you have to do is trade with the same direction as the other traders, by looking at the current opinion of traders.

60 Second Binary Trading Legit Or Not?

Yes, binary options trading in and of itself is legit and legal. And yes, 60 second binary options do exist and they are growing in popularity. Especially among gamblers and intelligent risk takers who like the fast action that one minute binaries allow.

What is not legit are the youtube videos saying that anyone and everyone can quickly, easily and virtually risk free make a lot of money fast.

That you can stick it to the ‘rich banksters’ just by doing anything a monkey could do.

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Look, it is true you can make a lot of money fast trading binary options.

However you can lose a lot of money fast as well and there is plenty of risk. Even with the risk being limited and known up front, which is one of the reasons traders consider binary options safe there is still plenty of risk involved.

You can trade binary options the right way, responsibly. You can also trade binary options the wrong way and that is following the scam claims of the CedarFinance youtube 60 second binary options videos that say all you have to do is make your trade in the same direction as the majority of other traders using something they call the traders choice. This is a representation of what the other traders are doing in this trade now.

Breaking Down How The Cedar Finance Scam Youtube Videos Might Work

We do not know this for certain, however let’s take a minute to think about what may be going on there with these youtube videos appearing for many binary options keyword searches in google.

The likely scenario is that an affiliate created these videos. This affiliate is trying to lure people who are looking for a quick way to make a buck into making a deposit at Cedar Finance. The affiliate could have a ‘revenue share’ affiliate account. The way the revenue share affiliate accounts work at binary options brokers is that the affiliate makes money when the trader (you) lose trades. That’s right, rev share affiliates earn their money by you losing yours! That’s one reason we never do rev share affiliate deals, only 1 time ‘CPA’ or ‘Cost Per Acquisition’ payments, because we want you to win!.

So this affiliate finds an easy way to trick convince people to try binary options trading. The video makes it look really, really easy. And to be honest, it is that easy and you can make that much money fast with binaries. However just by trading with the majority traders choice is a recipe for failure. You can not and will not win huge money doing this.

The affiliate gets you to sign up, knowing full well that you are very likely to blow your account. The affiliate is likely to earn 30-40% of everything you lose.

The reverse is also true. If you win, the affiliate loses.

So, let me ask you, do you think this type of affiliate wants you to win or lose? Are they going to show you a strategy that is likely to work or likely to fail?

Again, that’s why we are CPA affiliates which pay us a 1 time fee for introducing you to the broker. We want you to win!

Example YouTube Videos To Be VERY WARY OF

Lol, I love the first comment on the youtube page from DChappelle27 that says:

its not easy to make money… dont be a fucking retard, use common sense

Oh, and who could make it if they didn’t know this ‘binary options secret’.

So, Where Should I Trade Binary Options

Find a reputable broker that you feel comfortable with.

You can see a growing list of brokers on our home page and read through to each of the reviews. You can see comments, ratings and reviews left by our editorial staff as well as real traders. The comments are un-censored other than spam.

One of our favorite brokers that offers 60 second options is TradeRush. We’ve constantly been on the lookout for traderush complaints and so far so good. Give them a try if you are looking for a legit binary option broker in order to trade 60 second binary options.

If you still decide Cedar Finance is for you then we wish you best of luck in your trades. Read all the comments, ratings reviews below and please add your own experiences.

Cedar Finance Scam Uncovered – Review Explains How To Get Your Money Back

Today we are going to review an interesting and illusive broker, Cedar Finance that was introduced through a seemingly exceptional online trading platform. The website was amazing, easy to navigate and operate, even the beginners were comfortable right from the word go…

Cedar Finance offered more than 70 assets, including stocks, indices, forex, and commodities. The returns ranged from 68% to 81%. The broker retained from 5% to 10% of the original capital to keep the traders from complete loss.

How did this broker service? What’s interesting about this platform? How significant are Cedar Finance scam warnings? Let’s have a look!

Cedar Finance Review Summary

Summary: Cedar Finance was without a doubt a scam binary options broker however it now looks like they’ve closed their website down which is some good news at least. The problem though is that it appears they may have now simply launched under the new name of Pine Options, so it’s safe to say that we don’t recommend either. If you have already lost money to Cedar Finance though then keep reading to see how you can get it back.

Quick Navigation

We have took an in-depth look into Cedar Finance & as a result this review is likely to become quite lengthy, however we appreciate that you might have came here looking for some specific information so we’ve put together some quick navigation links below to make things easier for you.

Cedar Finance Background

The website is not available and the broker has vanished. When it was functional, the website didn’t mention any operating company. There were only phone numbers from various regions including the US, Cyprus, France, UK, Australia, and International VOIP.

You don’t find Cedar Finance on the internet these days. All you see is the material and reviews from the previous years. But we managed to extract something interesting. In an anticipation of accessing the original Cedar Finance website, we tried to search it from various resources but found that the domain was frozen and closed.

In addition, we reached www.cedar-finance.weebly.com

Well, that’s something interesting. The broker helping others to generate big profits isn’t able to purchase a custom domain. This malicious page contains pleasing content about Cedar Finance. We tried to dig in further. The page redirected us to https://www.pineoptions.com/cedar-finance-login/

It is clear that the broker is actually involved in another activity dealing in the same industry. What does Cedar Finance have to do with Pine Options?

In addition, Pine Options website was also similar to that of Cedar Finance. We are convinced that Pine Options is actually a replacement of Cedar Finance.

There is something more to consider. Both of these platforms look identical to Ivory Options. It was another scam broker who left the scene after disappointing its clients. We can safely conclude that Cedar Finance was not isolated. The same team must have been involved in multiple scams. You need to stay alert because we don’t know which new brand they are using as a cover.

Is Cedar Finance Regulated?

According to some sources, Cedar Finance is owned by T.B.S.F. Best Strategy Finance Ltd. in Cyprus. The registration number is HE 279560. Even if it is true, registration doesn’t mean anything. And we can’t even confirm if this registration number belongs to CySEC. We can only tell you that the CySEC regulation number has a different serial pattern.

Cedar Finance was NOT regulated. Their support team continued to make false promises that the broker was in the process of getting regulated with CFTC (US). Nothing was true. They were operating from Cyprus, then first they had to address their legal status in Cyprus. It was simply a trap for the US citizens which probably didn’t work. In addition, there were dozens of scammy YouTube videos praising Cedar Finance. All those videos featured paid content.

Cedar Finance Complaints

There is not a lot of information available about Cedar Finance for the fact that this broker never managed to attract a significant number of traders. We have analyzed that it was an utter lack of professionalism. They outsourced video editors, they promoted paid content on free Weebly Trial domains. They redirected the visitors to another website. Why a broker (Pine Options) does is promoting another broker on its own website?

Cedar Finance Withdrawal

Cedar Finance offered wire transfer, Credit Card, and Moneybookers (Skrill) as the modes of withdrawal. You have to present your identification documents before submitting the withdrawal request for the first time.

No fee was charged for a withdrawal via Credit Card. $25 was charged for a withdrawal via wire transfer (Less than $500). For anything above $500, 5% was charged as a fee for the withdrawal via wire transfer.

Is Cedar Finance a Scam?

We are convinced that Cedar Finance scam alerts should have been more obvious and frequent. This broker is actually operating different platforms.

You need to stay away from Pine Options and Ivory Options as well. Luckily, Ivory Options is no more functional, but Pine Options is still there. It is also unregulated and there is no need to bite the dust by trusting such scammers.

Our Verdict on Cedar Finance

We DO NOT recommend Cedar Finance, Pine Options or any of the unregulated broker. We are happy to realize that Cedar Finance or its sister entities didn’t manage to trick as many traders as they wanted. It was because their websites were too simple to attract the experienced traders. The platforms looked good enough for the beginners, but big investors don’t like a platform that tries to teach them like a boss. This is how human psychology works. Experienced traders also bite the dust by trusting such scam artists, but the people behind Cedar Finance aren’t good enough to make a big score.

Get Your Money Back From Cedar Finance

Did you fall victim to the Cedar Finance scam? That is obviously not an ideal situation, however you can rest assured that you’ve landed in the right place as we can show you how you can get your money back.

We’ve put together a free money reclaim guide which outlines the exact steps you can take to get your money back from binary options scammers & it has been proven to work for thousands of people to date.

So if you too have found yourself scammed by Cedar Finance or any other binary options scam broker for that matter then we highly recommend you check it out & follow the steps.

The Best Way To Make Money Legitimately

If you haven’t been scammed by Cedar Finance but were simply looking into them in the hope that you might have been able to make some extra money then don’t worry – even though Cedar Finance are scammers there are still plenty of legitimate opportunities to make money.

Here at Stopping Scammers we’ve come across many legitimate opportunities whilst carrying out our investigations however there has been 1 opportunity in particular which has stood out from all of the rest.

In fact we believed that this opportunity was so good that we even went as far as to name it our number 1 recommendation for working from home.

So if you’re looking to make extra money then you can get access to our number 1 recommendation by clicking the link below:

Cedar Finance

Broker Name: Cedar Finance
Platform: Tradologic
Founded: 2020
Bonus: 75%
Return/Refund: 65-75%/0-10%
No. Of Assets: 60
Regulated: No
Demo Account: Yes
Minimum Deposit: 200
US Traders: Not Accepted

Cedar Finance Review

Warning: Cyprus Watchdog Revokes License of P.M. Investment Capital (Holding Company)
Update 18/11/2020 – Cedar Finance Shuts Down Operation

Editor’s Note – Why does CedarFinance Suck?

The first thing I checked was also the first one that sucked (even more followed): at first glance, their asset index is structured as usual, showing different tabs for each asset category, but what do you know, in the Currency tab I find Platinum and S&P Future, in the Indices section I find USD/RUB, EUR/GBP and in the Commodities tab I find Google and Apple. They do get right some of the assets, but it’s a total mess and I can’t help but wonder how they are keeping track of their clients’ accounts if they can’t even organize an Asset Index.

Why CedarFinance doesn’t Suck?

They have a Daily Market review area which is up to date and pretty informative, unlike other brokers that forget for months to update their daily market analysis. A step by step .pdf document teaches me all about their platform and features and it also presents a brief history of Binary Options, but other than this, I can’t find anything worth mentioning.

Cedar Finance Full Review – Same Old, Same Old…

If I was to sum up everything about Cedar Finance in one word, that would be “boring”. They do absolutely nothing to stand up from the crowd. If I want to start trading Binary Options and I am looking for a broker, I can’t think of a single reason why I would choose them. Everything they write on their website has already been written countless times by other mediocre brokers and Cedar Finance comes with no innovation and a total lack of originality. They even use the stupid motto “We focus on what really counts. You” and they don’t even bother to use proper grammar; the correct form is “…WHO really counts…” but I guess they consider their clients just things. And they call themselves “a worldwide leader” also claiming that “Cedar Finance is the most professional and objective…” blah, blah but do nothing to prove it. Reality check: you are not the best just by thinking hard enough that you are, so put your money where your moth is and step up your game. Oh, I almost forgot: they are the only broker that offers 60 second trading and this tool is “unique to Cedar Finance”. Yea, indeed, I just heard about 60 seconds and I never saw them on any other platform…wow, is this how they are going to convince me to invest with them? Is this their best shot? Or maybe their hidden weapon is the payout which ranges between 65% and 75%…nope it can’t be because that is not so great. They use the SpotOption platform…well, there’s bunch of other brokers using the same platform. Customer support…could that be the reason why I would invest with them? Although the Live Chat representative was pretty helpful and polite (compared to other brokers), it’s just a drop in the ocean and I am not convinced… at all.

Is Cedar Finance a Scam?

Well, I wouldn’t go that far, because there’s nothing that can clearly make me believe that. After all, they can’t even organize their Asset Index and although I never scammed anybody, I guess planning a good scam requires some work and from the looks of things, Cedar Finance is struggling with operating a website. There are a lot of videos on Youtube, showing people that made money with Cedar Finance so easy that even a monkey can do it. Now, do you really believe that? If it was so easy, we would all be millionaires just by clicking Up or Down on our computer screens. Advertising is ok, but videos with actors claiming to be real successful traders…it’s just too much. I don’t know for sure if those guys are actors or not, but my opinion is formed: scam or not, I would go for one of the top brokers and forget all about these guys.

CedarFinance Complaints

The internet is full of complaints and the most “popular” are withdrawal problems, not getting a call from the so called Account Manager, not receiving any promised training or not being informed about the fact that accepting a bonus will prevent you from withdrawing your own investment.

CedarFinance Bonus

Their bonus percentages range from 30 to 75% according to Customer Support and the trading volume needed in order to withdraw is 40 times the deposited amount + bonus amount. No matter what bonus you receive, to be required to trade 40 times bonus + investment is really too high, but the cherry on top is that I cannot withdraw my own money if I accept even one Dollar bonus. Limiting my withdrawal possibilities regarding the Bonus is one thing, but not allowing me to withdraw MY money is outrageous.

CedarFinance Withdrawal

The minimum withdrawal amount is 200 USD/EUR/GBP, same as the minimum deposit and the always present problem arises again: what if I deposit $200, lose a trade and then decide to withdraw…I can’t. It’s really bothering that brokers can impose such conditions and people still invest with them.

CedarFinance Extras

Maybe the market analysis could be considered and extra or the fact that they offer Double Up and Roll Over tools, but really none of the above is impressing or unseen before.

Cedar Finance Ratings

User Friendly 15/20

The platform used is SpotOption which is easy to use and pretty reliable from a technical point of view and overall the website has a simple layout, a fact which makes it easy for the trader to find what he is looking for. Three languages are supported: English, French and “Deutch”. I never heard of the last language, but I guess it’s another one of their mistakes and they meant to write “DeutSch”

Number of assets and expiry times 13/20

I encountered a problem when I tried to find out how many assets they have for each category because the Asset Index is all mixed up and one category contains more than one asset class. If they can’t do it right, I certainly won’t be fixing it for them so they get a big fat zero for the number of assets. The expiry times range from 60 seconds to 15 minutes, 30 minutes and one hour, with the possibility to use the Option Builder and One Touch Options.

Commissions, Support and Effective return 14/20

There are no commissions to open an account but you will have to pay 25 USD/EUR/GBP (depending on your account’s currency) if you want to withdraw via wire transfer. Customer Support is good compared to other brokers and the payout ranges from 65% to 75% according to their FAQ, although on the home page picture they advertise “up to 81%”

Deposit, Payment and Bonus 12/20

You can deposit by Credit Card, wire transfer or CashU. The minimum deposit is 200 USD/EUR/GBP. Withdrawals are processed within 3 business days and you will need to wait for another 5 to 7 days for the money to reach your account. The bonus ranges from 30% to 75% depending on the amount invested and the wager is 40 times deposit + bonus which is extremely high.

Website Extras 12/20

The market analysis can be considered an Extra feature and so do the Roll Over and Double up features. 60 seconds and Open Platform.

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