CedarFinance.com Review

1.851 • 5 REVIEWS
Out of business
Updated: Sep 29, 2022

Website is down. Company seems to be out of business.

CedarFinance.com
Out of business
1.851 • 5 REVIEWS

Recent User Reviews of CedarFinance.com

T
TCE
Atlanta, USA,
Feb 12, 2015,
Guest

Cedar Finance has got to be the worst scam broker still operating! On 12/12/14, I deposited $200 (also referred to by a scam signal service ). On 12/16/14, the female acct manager called to promise me close to 100% bonus if I deposited another $200. While on the phone with her, she processed $300 and a $100 deposit without my knowing. I told her to only deposit $200 ( so they made $400 from me)! Worse than that, I didn't get credit for the $300 charge. she told me the "Finance Dept." could not locate the $300 charge on their end (even though it showed on my online Visa Card statement which I sent to them per their request). I have since contacted my credit card company and the 60 day review will end on 2/22/15. At this time Cedar is to refund my $300 and $100 deposit and if they have not, I will be given the refund back to my card. Countless emails and texts etc have been exchanged between myself and Cedar up until the 1st of January. They continue to assert they can't find the $300 charge (but admit to the $100 charge because they sent me an email confirming the deposit).

PLEASE STAY AWAY FROM CEDAR FINANCE! Like other reviewers, I put the Auto signal service and lost half of my deposit to and even when trading manually, the numbers and % were always off as I finally got smart and started using other charts.

ONCE AGAIN, THEY ARE THE WORST OF THE WORST. PLEASE SAVE YOUR $$ (AND THEY ARE NOT LICENSED IN CYPRUS By the Way!!
J
JR
Missouri, USA,
Sep 29, 2014,
Guest

I deposited $1000 and ended up losing almost $500 due to my inexperience. I had no trouble at all withdrawing what was left over in my account (just over $500)... My best advise and this goes with any broker, stay away from bonuses and account managers.
H
Hans Heisenberg
Amsterdam, Netherlands,
May 11, 2014,
Guest

I funded Cedar Finance with $ 1.700. Could not withdraw my money. Its fraud.
O
Ovidiu Mihuti
Vancouver, Canada,
Aug 4, 2013,
Guest

The same like Tom Giblin. I opened an account with Cedar Finance and in less the 30 minutes I made $100 with the Auto Binary Code. As soon as I deposited $200 they came live and told me that if I'll deposit $300 they'll give me 80% bonus! I did it even if I was notified that I'll have to trade an amount equal with the initial deposit + bonus multiplied by 30! That means over $16,000 in trading volume. This was the first sign of the scam.
In less than 3 days I was practically bombarded with emails from all kind of so-called Internet Marketers urging me to open an account for the Auto Binary Code and I'll get rich. Of course BS. I notified the IM guys that I'll complain because this is a scam and they stopped. Seeing that in less than 1 hour trading with the real account (not Demo) I've lost almost $200 I switched to manual trading. I figured out that the time frame on the options trading is changing only on their advantage and I don't have the options of trading on 1, 2 or 5 minutes time frames all the time. What I figured out is that they manipulate levels on their advantage and rewrite the levels in the opposite direction of your trading; when on some other 2 platforms I have the price is going up on a certain currency on their platform is going down 2-3 seconds before the trade closes. I will call this THEFT ! I contacted their customer service and got some childish answers. When I've got real angry they didn't even bother to answer. I'll continue to trade for another 2-3 days and if the situation will continue I will escalate the case to the FPA Trader's Court.
My strong advise guys: STAY AWAY FROM THIS BROKER! THE WHOLE THING IS A BIG SCAM!
Another advise: stay away from brokers who say that they are licensed in Cyprus! In case something will go wrong what you gonna' do? Look at the whole Cyprus situation and try to remember that Cyprus hosts huge online scams and not online only; lots of fiscal evasionists are registered in Cyprus as off-shore companies; so BEWARE!
T
Tom Giblin
Caboolture, Australia,
Jul 30, 2013,
Guest

I signed up with a system (Auto binary Code) who only uses Cedar Finance. I first tried their Demo Account with $500 they gave me to try. I made $1450 in just 30 minutes, i was impressed.
Naturally i could not do anything with their money so i put in $200 of my own set it to automatic as they advised and i should then sit back and watch the money come in. Well isat back and in just a few hours all my money was gone. You win on the demo and lose when you put your own money in. Cedar finance should be held responsible for this type of fraud within their business.