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 2012 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.

However.

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.

Yeah, right.

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.

Bonus Offer
50% To $5000

TradeRush Quick Guide
  • Awesome 60 Second Trades
  • Competitive Returns
  • Rebates On Losses
  • SpotOption Trading Platform

Bonus Offer
  • 50% Deposit Bonus
  • $200 Minimum Deposit
  • 81% Payouts
  • USA Friendly

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.


104 Comments » for Is Cedar Finance Binary Options a Scam?
  1. Khaizal says:

    I’m not sure if CF is a scam. I’ve been trading them for the past 1 year, and made withdrawals based on my winnings before, but not for deposits. They normally took about 5 working days to transfer to bank accounts.

    However, it seems that they do not allow for initial deposits to be withdrawn.

     
  2. naif abraham jr md/phd says:

    Cedar Finance (CF) has not allowed me to withdraw my $500.00 after I requested a withdrawal online. Instead they issued a refund to the 2 accounts from which I originally sent them the money (one account ~2 years old). When I requested my withdrawal, I asked that the money be sent to 1 account only (all other accounts had been closed, the one to which CF sent some of my money was ~2 YEARS OLD!!!) – also CF would not allow me to withdraw ALL of the money in my account; only the original $500.00 which I sent to them. DO YOU REALLY WANT TO TRADE WITH A COMPANY LIKE THIS? N. Abraham, Jr MD/PhD

     
    • sagar says:

      Here is same thing happened with me I deposit amount 400$and withdrawal request for my deposit amount CF has been not yet paid me I called service support they told me is our policy we check verifying then we send amount
      I request them just send amount same account which I used for deposit but upto date not yet pay me..

       
  3. Peter Blewitt says:

    I have been trading online for a long time and warn anyone to avoid both Cedar Finance and NRG Brokers. Once you have made the required deposit it is impossible to make a withdrawal, They steal your money. Just as surely as if someone walks up to you in the street and puts a gun in your back and demands your wallet

     
  4. Sonya says:

    I someone how discovered Cedar Finance online and made an account with them. I was not sure of how it works so instead of depositing anything (i.e. even the min $200) I thought of studying the whole website, understand how it works and also search blogs and internet to verify its authenticity.

    But to my surprise I received a phone call from Cedar Finance right after making an account, by some guy name Tobiax, he was not sounding like an American or British (the accent was strange)… he asked me that I made an account but have not deposited anything yet? and if I need some help with the website. I asked for a step by step guide to which he forwarded the Trader Video link.

    I studied and discovered that Stock Markets are not “child’s play” plus 15, 30, 45 or 60 secs is the most stupid way of predicting the trend if you just a beginner. The better and secure investment types are buying a currency that is going down in the International Market from the money changer and sell it as soon as it goes up. This is the safest way, as you will have your asset in your hand, and can sell it when the market trends favor you for profit.

    Otherwise making a quick move to earn money is for sure gambling. I don’t claim CF to be a scam, because I have not tried it myself. But I used the website to learn from their guideline videos. And decided not to risk any amount in something I am not so sure of. Also don’t call people IDIOTS because of losing money with this website. Everyone is not a Financial Manager or an expert Stock Broker. Many people want to start it as a side business to generate some extra income for home expenses etc.

    Only go for a bid when you are sure of enough understanding, plus try finding a genuine and authentic platform that won’t bug you with withdrawals. I am still searching for the place to invest.

     
    • Sonya says:

      By the way, saving your money from a prospective loss is also PROFIT (in Business Terms)
      Be very sure, do your complete homework, take time, learn and inquire, verify and only then trust anyone with your money. Specially when investing online.

      That is all I can say !!!

       
      • Tom says:

        Hi Sonya,am Tom..am too looking for a place to invest for some extra cash but i cant find any.check out mt4 then you can tell me how you’ll find it

         
  5. Tulion says:

    I trade on Cedar for about 2 years now. Didn’t have a single problem with them. Withdrawals work fine.
    People probably tried to withdraw money after taking the bonus.
    Don’t take bonuses. That rule goes for every binary options broker, not just Cedar.
    Also read the rules. You can’t withdraw less than 200$.

     
    • san says:

      Sir ,wire transfer in cedar finance How many days going on. I.made one month before my withdrawal request. I am nt get my money .

       
  6. Hennie Odendaal says:

    Sadly the power institutions such as Interposl, CIA’s of the world turn a blind eye to all the current scams on the internet defrauding millions of people of TRILLIONS of dollars. Rather than being proactive and wiping these scammer from the face of the earth is sick. Just to ponder on, how many of these scams are used to fund terror organisations?

     
    • Peter Blewitt says:

      You could be right Hennie a lot of them are based in that part of the world or close to it. Maybe if a few of the so-called security organisations in the world took an interest in it, life would be better for traders. All we ask for is honesty.

       
  7. J. M. says:

    They are indeed a scam. I did a trade for 250 EUR, it kept in the green as you can also see here on the expiry date:

    http://i.imgur.com/nXBqlGz.png
    http://i.imgur.com/TxIEm7e.png

    Yet they closed the trade as a ‘loss’ and refused to pay me my profits and marked it as a loss. Even contacting their support is pointless, cause they say the system is right, even when you have proof it’s not.

    Sometimes trades also suddenly disappeared from the list also in the history and the balance also disappears. It’s awful you always have to contact their support to get it restored or relisted. This mainly happens on succesful trades.

    I won’t recommend anyone to use them.
    Also watch out with their bonusses, if you get a 750 EUR bonus you have to make 22500 EUR in tradings before they pay you out.

    They also don’t take the effort to explain what the conditions are when handing out the bonus and afterwards come with ‘you can read that in our terms and conditions’.

    One more thing I want to mention also that’s awful. After you do your first deposits, you can do unlimited amount of trades. Once you start making profit, they start limiting everything. For example you can do max 1 trade per currency every 60 minutes and have maximum 2 trades active. They say the only way to get it removed is depositing more. What’s the point if you are in the +? Why would I deposit more? Also prooves how they work (just to earn money).

    STAY AWAY!

     
    • Joe says:

      You trade the 15 seconds binary options, you are obviously a gambler, you are not investing profitably and maturely. Always set your expiry longer why is this so difficult to understand? I have never had any problems with Cedar Finance, most traders who complain about this company are those who thought the auto robot would make them money, any expiry lower than 30 minutes is a gamble take it from me, please stop spoiling a company’s name due to your own carelessness. Learn a good strategy, you only need one good trade everyday stop over trading.

       
  8. Lorenzo says:

    I have never used CF , but I have heard so many bad things mostly dealing with withdrawal issues. Just aheads up for all TRADERS

    * P.M. Investment owns and runs CF, They also Run Regal Options and Brokerage capital. So If you are someone who got scammed by CF than I would not suggest you trade with their other 2 brokers either

     
  9. Julien D says:

    Hi,

    Did you receive my previous offer? What do you think about it?

    I recently visited your website and it seems to drive exactly the audience we are targeting.

    Fortunately for you, we have the perfect tools and proven track record for converting your site’s traffic into exceptional revenue.
    We have one of the highest conversion rate in the whole industry
    In fact, for a limited time, my company’s offering a free CPA payment to all affiliates with campaigns launching this week!

    If you have any questions, feel free to make contact and i’ll happily discuss your options in greater detail.
    I look forward to hearing from you
    Feel free to add me on Skype so we can touch base : julien.d.optionweb
    Cheers
    Julien

     
  10. Anthony says:

    Cedar Finance is 100% a scam!! I deposited money with them and cant get it back!! I requested a withdrawal 3 weeks ago now and still nothing in my account. There are 2 UK numbers on their website, 1 is an 0203 number which doesn’twork, the other is a premium rate number that goes through to a call centre in Poland. Whoever answers will have an eastern european accent with a strong British name. They claim not to be able to put you through to they’re so called brokers and can only take your details and request a call back, yep you guessed it… No call back! Anyway I could go on forever as to why they’re not a legitimate operation, but whats the point. If your considering depositing with Cedar Finance don’t, unless you never want to see your money again!!

     
  11. Nick says:

    I have used them. Dont take the bonus as you have to abide by the rules its that simple. I won some money and had no problems when i withdrew it. ONLY USE YOUR MONEY….and you will be ok. This goes for ALL companies not just Cedar Finance.

     
  12. Cuban says:

    Bumping for latest reports from traders. Thinking of making a deposit. Tell me was it good for you and did you make money and get your money?

     
  13. Neels says:

    Please people. Do not assume. If you have not use Cedar – DO NOT COMMENT. You are guessing and confusing others. If you started trading with little knowledge and lost – MENTION IT. If you did not read ans accept their bonus conditions and could not withdraw – TAKE IT ON THE CHIN. Please do not blame others for your stupidity!!!! All I read above is opinions but rarely facts. If your’e a moron and entered into something you know little of, please keep quiet.

     
    • Jason Smith says:

      Dear Neal,

      don’t be an jerk that nobody listens to. Some people are desperate to make quick money. Some aren’t and what just to make money with little effort. Yes some people are gullible an naive, but that doesn’t mean you have to be condescending.
      No I haven’t bought the scam but some might have. If you give them info instead of being a naysayer then you have help. Instead you’re just hurling insults.

       
      • steven zagreb says:

        yes – the “free” money or “bonus” as they call it is the way cedar finance robbed me. they offer you “free” money when you deposit your money so that your account balance is higher. i put in $1000. they offered me their bonus of $700 so that my account balance was $1700.
        i traded. i lost a bit. then made some winnings. i then wanted to withdraw $500. i will post the “live chat” that i had with their rep.
        CEDAR FINANCE IS DANGEROUS, DECEPTIVE AND DISGUSTING.
        MY MONEY IS NOW STUCK IN AN ACCOUNT WITH CEDAR FINANCE AND I AM NOT ALLOWED TO WITHDRAW ONE F-ING CENT.
        NOT ALLOWED BECAUSE I ACCEPTED THEIR F-ING BONUS.
        DONT GO NEAR CEDAR FUCKING FINANCE.
        YOU MIGHT AS WELL TAKE YOUR MONEY AND THROW IT INTO THE TOILET.
        SERIOUS.
        I WILL POST THE TRANSCRIPT OF THE LIVE CHAT I HAD WITH THE CEDAR REP SHORTLY.
        PLEASE SAVE YOUR MONEY.
        BUY REAL ESTATE.
        BUY GOLD.
        PLAY THE POKER MACHINE.
        GO TO A CASINO – AT LEAST YOU MIGHT HAVE SOME FUN AND IF YOU MAKE SOME MONEY – YOU WILL GET TO TAKE IT HOE WITH YOU.
        NOTLIKE CEDAR FUCKING FINANCE.
        WHO CAN I COMPLAIN TO AND SHOW THEM MY TRANSCRIPTS AND DOCUMENTS SO THAT MAYBE I HAVE A CHANCE OF GETTING MY MONEY BACK FROM CEDAR FUCKING FINANCE

         
    • james says:

      Dear Neel,

      Your comment is very personal here. Most of the people who are doing binary options are either new or with less expereince as Binary Options is new in itself started in 2009. So due to any reason if a company blocks or makes excuses for the withdrawals it has need to be published. All these binary options companies use the same pattern and software and they differ only with the withdrawals process.

      Regarding Bonuses , you know better, how these sales people explained it. For me it seems either you are a part of this company who is trying to save the repo here or exactly a jerk who dont understand the frustruation of the traders here who get cheated by with these companies.

       
  14. john says:

    Cedar finance its a scum believe me I was on training in the company which created Cedar finance so listen closely: Cedar finance as a company doesn’t exist at all, the call canter they using is in poland and the personel is located there, they use fake names and life stories just to make clients believe that they in Cyprus but it’s a lie. There is a clause which says that the client to whithdraw his money have to make 30 times profit from money they invested, example you invest 1000USD you have do gain 30000USD before you can withdraw your money which is impossible believe me. Everything connected to that company is a scum.

     
    • han says:

      The company has been charged with several offences by the CTFC and SEC, and trading with US customers has been frozen following an injunction on 1 August 2013.[5][10] Charges filed on 7 August in the US stated that Banc de Binary “may be criminally liable under the federal RICO statute”. Banc de Binary has refused to appear in court in the US for depositions.[11] Within the European Union, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC). On 25 May 2014 CySec announced that they had fined Banc de Binary 10,000 Euros after it had ‘concealed material information in its request for authorization CIF submitted to the Commission in August 2012, namely concealed the existence of close links between it and another company’.[12]

      The Wall Street Journal described it as “a website that allows people to bet on the price of gold, oil or stocks”;[13] the Daily Mail called it a “betting firm”.[14]

       
  15. john says:

    Cedar finance its a scum believe me I was on training in the company which created Cedar finance so listen closely: Cedar finance as a company doesn’t exist at all, the call center they using is in poland and the personel is located there, they use fake names and life stories just to make clients believe that they in Cyprus but it’s a lie. There is a clause which says that the client to whithdraw his money have to make 30 times profit from money they invested, example you invest 1000USD you have do gain 30000USD before you can withdraw your money which is impossible believe me. Everything connected to that company is a scum. For a proof I got few email from that company a got access to the companys chat on skype.

     
  16. john says:

    Cedar finance its a scum believe me I was on training in the company which created Cedar finance so listen closely: Cedar finance as a company doesn’t exist at all, the call canter they using is in poland and the personel is located there, they use fake names and life stories just to make clients believe that they in Cyprus but it’s a lie. There is a clause which says that the client to whithdraw his money have to make 30 times profit from money they invested, example you invest 1000USD you have do gain 30000USD before you can withdraw your money which is impossible believe me. Everything connected to that company is a scum. For a proof I got few email from that company a got access to the companys chat on skype.

     
  17. Bilgee says:

    recently i watched many videos from youtube and i didnt see any video that withdrawing money from cedarfinance so i think its scum

     
  18. Stjepan says:

    YES, dear Traders. Cedarfinance is big SCAM. They stole my money and will not pay back. Beware of this company from Cyprus. Every word they say is big lie. Never invest your money with them.

     
  19. Keith says:

    Was scammed out of $1000 by Cedar finance, I requested my balance back but the there is no way I’m getting it, it’s been 4 weeks in asking and sending all the documents, it’s a100% scam, well worked scamI must say, learnt a hard lesson not to trust online trading

     
    • nico says:

      Dear Keith,

      Your mail is form june 2, 2013,

      do you have your money resit?
      and when?
      And have your just there bonus?

      Nico

       
  20. Asas says:

    Cedar Finance never makes withdrawals. For sure!!!
    Be aware!!!

     
  21. sam says:

    what the shit are you people talking …….
    plz comment those who have invest in cedar finance ..
    i want to know actually that cedarfinance is fake or not…….
    i don’t want to get 50/50 answer ………
    i want to know 100 % accuracy answer
    (bcz i am gonna invest in this finance)

     
    • youpick says:

      I got a $200 account now which they stolen you send them your money if you want to you never see any more

       
    • teiso says:

      Sam
      And so cedar finance is a sexy “shit and a scam” the one who called me named maria i trace the phone no. it is NY, and not Cyprus which is suppose to be.I was abt to deposit $300 but could not due to authentication failure during transaction and now i found site.Means if i do im in a deep “shit”

       
    • dennis surginer says:

      my dumb ass deposited $200.00 and before i could lose it it disappeared from the balance while i was dining, live chat with Adrian who stated “be patient. That was 2 weeks ago…

       
  22. Justin says:

    All binary option websites are temp closed for SEC Regulations. Have used binary option broker in NYC with “some” success. This website appears to be a scam. Binary option trading is not a scam, but this website may be!

     
  23. William says:

    I have traded with 24option. I lost a bit of money because I didn’t know what the hell I was doing. On the other hand, my broker was a pretty nice guy and seemed genuine concerned with helping me profit. I didn’t listen to him because I am an impulsive gambler… gets me in trouble a lot. 24option was the only one I’ve used. I was able to withdraw my funds but still blew all of my money.

     
  24. Anti-Federal Reserve says:

    First of all, don’t invest in something you don’t really know. Don’t believe in something that your not really sure of doing. People who are doing trading are usually professional experts who already know very well what they are doing and they well-educated and well-experienced in trading. It’s like having a professional heart surgeon to operate someone’s heart. You wouldn’t trust the nurse who knows nothing about heart surgery to do the surgery on someone else’s heart would you? Let the heart surgeon do it! Think! So please Cedar Finance is not a good way to earn money especially for the ones who don’t really know what to do and need guidance. It is similar to gambling and worst you will not get your money even though you successfully earned some cash from it after you invest it. There is no such thing as shortcut to get money. The best way to earn money to work hard for it no matter how long it takes for you to be a rich or a millionaire. Safe long roads is always better risky short cuts. Being rich or a millionaire is not for everyone.
    So please I beg you or anyone who are reading my comment. Please, please, please DO NOT INVEST IN A FRAUD CALLED CEDAR FINANCE!!!!! If someone called you up or try to sweet talked to you about how you can benefit from doing Cedar Finance, they are seriously bullshiting you out! Think for yourself first before anyone says what is good for you when it comes to your money! Other people will do anything to get your money nowadays. Ignore their phone calls and e-mails. Those people who worked at Cedar Finance will soon suffer. I bet those people who gave positive comments about Cedar Finance are part of it. Remember, American economy is falling apart. America are trillions in debt and billions in debt with other country such as China and many other nations. Where is the American dream? Where is it!? Cyprus is getting worst with the Banking Crisis. What happens to the red Indians in America will go back to the people make them suffer in the future. Now it’s happening to America! The curse of the red Indians/Natives American that have suffered long time ago eventually came true. You get what you deserve soon Cedar Finance. You take other people’s money someday you’ll live in poor and misery and you will soon suffer. Mark my words. Those who work in Cedar Finance who take other people’s money like bunch of thieves without returning back to the people who invested it are going to read my comment in pain and regret when it comes true. It’s just matter of time. I would love to see Cedar Finance smile in pain with tears of suffering. That is Karma for you. Treat people as you want to be treated otherwise bad things will happen.

     
  25. suman says:

    All guys please provide email address, because cedar finance is not fraud it is 5 star top tradingou in the world,, you cannot blame it

     
  26. Srini says:

    I want to open an account with CedarFinance is this scam or genuine company?

     
    • naif abraham jr md/phd says:

      Cedar Finance (CF) has not allowed me to withdraw my $500.00. Instead they issued a refund to the 2 accounts from which I originally sent them the money (one account ~2 years old). When I requested my withdrawal, I asked that the money be sent to 1 account only (all other accounts had been closed, the one to which CF sent some of my money was 2 YEARS OLD!!!) – also CF would not allow me to withdraw ALL of the money in my account; only the original $500.00 which I sent to them. DO YOU REALLY WANT TO TRADE WITH A COMPANY LIKE THIS? N. Abraham, Jr MD/PhD

       

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