Company Profile
Company Profile
Review summary
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No regulation |
| Market Instrument | Cryptocurrency, pension funds, forex |
| Account Type | Starter, Advanced and Premium |
| Demo Account | N/A |
| Maximum Leverage | 1:500 |
| Spread | N/A |
| Commission | N/A |
| Trading Platform | N/A |
| Minimum Deposit | $100 |
| Deposit & Withdrawal Method | N/A |
CEDAR FINANCIAL presents itself as an investment/ asset management company incorporated in 2022 and registered in New Zealand, offering premium investment services to investors (individuals & corporations). It also claims to provide its clients with three investment packages with leverage up to 1:500 via three investment plans, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that CEDAR FINANCIAL currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.05/10. Please be aware of the risk.
Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Investment Packages
CEDAR FINANCIAL advertises that it offers three different investment packages, including cryptocurrency, pension funds, and forex.
Investment Plans
CEDAR FINANCIAL claims to offer three types of investment plans for cryptocurrency investment, namely Starter, Advanced and Premium, with minimum initial investment requirements of $100, $10,000 and $50,000 respectively.
Leverage
The leverage provided by CEDAR FINANCIAL is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Bonuses
CEDAR FINANCIAL claims to give traders a 10% referral bonus for all investment plans. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
CEDAR FINANCIAL‘s customer support can be reached by email: support@cedarfinancial.ltd, or live chat. Company address: 90 Crawford Street, Dunedin Central, Dunedin, 9016, New Zealand. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • Multiple investment packages and plans offered | • No regulation |
| • Lack of transparency |
Frequently Asked Questions (FAQs)
| Q 1: | Is CEDAR FINANCIAL regulated？ |
| A 1: | No. It has been verified that CEDAR FINANCIAL currently has no valid regulation. |
| Q 2: | What is the minimum deposit for CEDAR FINANCIAL？ |
| A 2: | The minimum initial deposit with CEDAR FINANCIAL to start an investment plan is $100. |
| Q 3: | Is CEDAR FINANCIAL a good broker for beginners？ |
| A 3: | No. CEDAR FINANCIAL is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
