Cedar Finance Move to Tradologic
A few days ago, emerging binary options broker Cedar Finance announced the change in its online trading platform, from TechFinancials to ones developed by Tradologic, which are more modern and feature rich.
Cedar Finance Switches to Tradologic Software
Cedar Finance is probably among the fastest-growing binary options brokers in 2013. And thanks to this fast development, the broker made the decision to stop using its service portfolio completely, and use trading software from Tradologic, a leading technology provider.
Before this change, Cedar Finance’s trading platform is developed by TechFinancials. Although this is a solid platform, it was lacking in several advance features like range options. As a result of the latest technological development of Cedar Finance, this broker was forced to migrate to a new platform.
Website and Platform Performance
The website of Cedar Finance is new and completely overhauled due to this switch to Tradologic. Because the new website refuses to use the traditional boring white theme used by most other binary options websites, it has a completely different look from them. The Tradologic software platform is one of the top-ranking platforms on the market nowadays. This platform currently provides all the advanced features as well as options available in the trading business, such as touch options, high/low options and range options.
Cedar Finance’s asset portfolio was also expanded as a result of the switch to Tradologic. A total of 13 Forex currency pairs are currently offered for trading, including EUR/USD, EUR/JPY, EUR/GBP. There are also more exotic pairs like USD/SEK and USD/NOK.
Cedar Finance also offers nearly 30 indices, such as NASDAQ, DOW, FTSE 100 and many more. As for commodities, there is a total number of 11 possibility to trade on gold, silver, platinum, palladium and corn.There is also a huge amount of stocks available from all over the world.
Payout Rates and Bonuses
The payout rates offered vary according to the type of the option contract chosen. Generally, simple high/low options give the payout rates of approximately 85 per cent. More complicated options such as range options may have better payout rates, reaching as high as 180 per cent. After the migration to Tradologic, the broker also offers three big bonus schemes: the first one for trader depositing from $200 to $999, who will be given a bonus of 30 per cent on their first deposit.
As for traders who deposit from $1,000 to $4,999, they will receive a bonus of 50 per cent as well as many other benefits like preferential withdrawals, personal account manager, etc. Finally, for traders who deposit from $5,000 up to $9,999, they will get a bonus of 75 per cent on their deposit amount.
Deposits and Withdrawals
Apart from traditional payment methods such as credit cards and wire transfer, new payment methods like Moneybookers, iDeal, Nordea are also offers by the new Cedar Finance. Deposits are process immediately and traders must deposit at least EUR/USD/GBP 200, whereas withdrawals take 1 to 5 business days to complete.
A variety of educational material is also provided to traders so that they could learn about trading binary options. We are convinced that this recent change from TechFinancials to Tradologic will accelerate the growth of this broker even more. For more information, read CedarFinance Review.