Is Cedar Finance a scam?

Question

Is Cedar Finance a scam? Cedar Finance is Forex brokerage firm enabling you to make money online.
It's a little hard to get a hold of their representatives and the online chat is never open.
www.cedarfinance.com/

Answer 1

Hello Master235,



I haven't tried Cedar Finance yet but I want to help you determine if a certain website is high risk or not. Usually, if there is a website that I'm in doubt with, I go to verify1st.com. It reveals a website's identity, relationship and reputation.



Unfortunately, cedarfinance.com is not indexed in Verify1st's database. Check it out here: http://verify1st.com/cedarfinance.com. This indicates that it is not a top website because we have the top websites indexed for now. But soon, as Verify1st grows, it may show up.



It looks like Cedar Finance is not so popular because it ranked 291,418th globally and 59,912th in the US. Also, there are only 52 sites linking into it. Check it out here: http://www.alexa.com/siteinfo/cedarfinance.com.



It is only 1 year and 14 days old. With such age, there wouldn't be enough online reports about it yet. In fact, one online reputation site, which based its ratings from people's opinions doesn't have reliability, trustworthiness and privacy ratings for it yet. It only has one rating for child safety, which is "very poor". Other detail is that the website location is in Netherlands and is not blacklisted. The domain will expire on Oct 14, 2013. Be extra vigilant. Such domains with expiration so soon are common behavior of scam sites. In addition, the owner is unknown. It is using a proxy server to hide its identity. The reason could they don't want to receive spams. Beware! It is a common behavior of scam sites as well.



Concerning computer threats, Google and Norton didn't list this website as suspicious. But McAfee hasn't tested this site yet.



I visited the website and it looks legitimate for the reason that a lot of information is there. Contact numbers and physical address are also provided. However, the security badges at the footer of the page seem to be not working. Supposedly, when you click them, you should be redirected to a certain page. But theirs are not linking to anywhere. They are just displays so the site will look legitimate.



What I understand about Cedar Finance is it is similar to the stock market. Am I right? I am also interested in that kind of business that I actually want to venture into it sometime in the future. And if that time comes, one thing that I will consider in choosing where to invest is the reputation of the company. It is important that the company is stable, existed for a good amount of time, and has online reputation reports. Without such reports, it could be risky. Anyway, the decision is still yours if you want to venture into it.



I hope I was able to help you. God bless!

Answer 2

1

Answer 3

Cedar Finance.com

Answer 4

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Answer 5

Hello,

I have tried Cedar Finance, and it's a big scam, I started with 200$ (as it's the minimum amount to start with) I used it for a week and lost about 25$, I wasn't winning so I decided to withdraw my money, and as soon as I asked for withdrawal and sent all the information required my account on Cedar Finance website got deleted, I tried to contact with them several times but they just keep telling me we sent you your money...

Do not walk on their trap, and stay away from this kind of financing!

Answer 6

Cedar finance Scam Scam Scam!!! I got conned by them! Stay away! Big tine scam! I started wit £500 and got to £1,500,I tried to with draw £1,000 through the e-wallet,I even phoned customer service and they told me that I have to be a playing member for at least 8 weeks before I could start making withdraw from my account! I found that the software was floored! I continued to play with my winnings for more profit's,but could not get past £1,500.What a BIG CON! Don't invest with them.You will lose your money...Don't do it.

Answer 7

It is a scam. Cedar finance is clamming it has nothing to do with a ' automatic trading bot' that is being use to scam your money. In order to hoax you to invest they offer a practice account that hardly seems to lose any option trade in comparison to winning almost all trades. They offer a practice account of $500 that grows within a full 24 hour trading to almost double that initial investment.That's the fraud right there. Now when you invest your real money , it's a whole different ball games.ALL THE GREEN WINNING TRADES IN THE PRACTICE ACCOUNT SUDDENLY CHANGES INTO RED LOSING TRADES IN THE REAL ACCOUNT. Conclusion: when in Doubt , Stay out

Answer 8

FOREX is terrible for novice investors. 75% of all investors lose nearly their entire stake within the first few months because the game is stacked. The FOREX trading company sets exchange rates, not the open market. You're playing against the house. Due to the minimum lot sizes (usually several thousand dollars each), you MUST leverage your investment of several hundred and when the currency goes down by a tiny fraction, the company forces sale of your investment before you have a chance to recoup losses in order to meet the margin call. Stay away.



Don't take my word on it:

http://discussions.latimes.com/20/lanews/la-fi-amateur-currency-trading-20110403/10



But if you still insist, I'm betting 3 to 1 that you lose your entire investment within 120 days.

Answer 9

if you can get in a and take a shot double or nothing and hit it once keep your money and get out or play with their money!! But dont take any of their FREE bonuses or Free trades becaruse they are not Free! It's ********! I lost @ $1200 to cedar finance.

Answer 10

cedar finance is 100% scam, do trade with them.

Answer 11

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Of course, it’s easier said than done. The natural thing to want when you see an increase in stock price is to hold the stock and hope for an even larger increase.

Answer 12

2

Answer 13

All I see here is forex scams advertised.

Seems like these are easy scams to operate.



Consider just buying stocks instead.

Answer 14

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i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 15

It is a scam, I lost $400..Tell me how that's possible.

Answer 16

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Answer 17

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Answer 18

SCAM SCAM SCAM SCAM SCAM

Answer 19

of course it is.