Anyone with even a small level of familiarity of binary options brokers likely already knows that Cedar Finance is considered to be a reliable broker. Though reliability is critical, once this has been established, the platform and features offered by a broker take center stage. On the surface it can seems as if all brokers are basically the same. There can be similarities in regard to popular features. However, there is much more to consider.
The platform offered by Cedar Finance is simple in design, yet technologically advanced. What the trader will see is a clean, single trade window which includes everything required to execute a trade. What the trader will not see is the inner workings which provide live financial data and accurately put into place the selections made by the trader. SpotOption is the platform supplier. Though this name may not mean much to new traders, it should be noted that SpotOption is a highly regard platform provider.
Cedar Finance offers three basic trade types: Binary, One Touch, and 60 Seconds. The options do not end here, however, as Options Builder and Open Platform trading are also made available. Optional trade enhancing features such as Double Up and Rollover are also provided, further increasing the profit possibilities in relation to trade types. Aside from 60 Second trades, which are live for exactly one minute, Cedar Finance offers many different expiry times to choose from. These also increase trade variety and provide the trader with a multitude of possibilities.
The Cedar Finance asset index is lengthy, providing more than 80 underlying assets. These are sorted by asset class, including stocks, indices, commodities, and indices. There are plenty of choices within each class, allowing binary option traders who prefer one specific asset class to always have plenty of different underlying assets to trade with. At this time, any amount of underlying assets which exceed 50 is considered to be excellent. The fact that Cedar Finance greatly exceeds this number is certainly a bonus for all who partner with them.
Account registration with Cedar Finance costs nothing. There are also no commissions to be paid, nor are there any trading fees. The cost to begin trading binary options with Cedar Finance will equate to the minimum deposit, of which the full amount will be available for trading. This minimum amount is set at $200 USD, or the equivalent in either GBP or EUR currencies. Currency selection will need to be made when submitting the initial deposit and cannot be changed once set. Credit card, bank wire, and CashU are the methods available to complete a deposit.
These same methods can be used when the time comes to withdraw funds from Cedar Finance. Do be prepared to submit proof of identity prior to receiving the first payout. This is standard in the binary options industry, as it works to protect both the broker and trader. In order to withdraw funds, the withdrawal request must be equal to or greater than 200 of the selected currency. There is a small fee charged for bank wire withdrawals. However, traders are free to opt for credit card or CashU payment, which cost nothing. Cedar Finance places no restrictions in terms of maximum withdrawal amounts.
Cedar Finance has been in operation for several years and has come to be recognized as one of the leading brokers in the binary options industry. Though this broker does offer many of the same features as offered by other brokers, these fall under the category of features which trader now basically demand. Meeting these demands is of course a good thing on the part of Cedar Finance. Where this broker differs from some is in the area of additional trading features. Not all are providing Rollover, Double Up, Options Builder, 60 Seconds, or an Open Platform. It is these features that place Cedar Finance a step ahead of some brokers and render them a viable choice form traders.
