CedarFinance Migrates to Tradologic Platform

BinaryOptionsNow | Published on September 5, 2013 at 2:19 am

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BinaryOptionsNow – Emerging binary options broker Cedar Finance announced a few days ago that it decided to move from its former TechFinancials online trading platform to the more modern and feature-rich binary options platforms developed by Tradologic.

Cedar Finance Switches to Tradologic Software

Cedar Finance is perhaps one of the fastest growing binary options brokers in 2013. Due to this rapid growth, the company recently decided to completely overhaul its service portfolio and switch to the trading software developed by leading technology provider Tradologic.

In the past, the broker operated on the platform developed by TechFinancials. While being a solid platform, the TechFinancials software lacked many advanced features such as range options, and more. Cedar Finance was forced to adopt a new platform that reflects the latest technological developments in the binary trading business.

Website and Platform Performance

The switch to Tradologic also resulted in a new and completely overhauled website. The new website looks completely different than most other binary options websites in the sense that it parts ways from the old-school (and boring) white theme employed by most other brokers.

The Tradologic software platform is one of the best performing platforms available on the market. At this moment, the platform offers all the advanced features and options available in the binary options business such as high/low options, touch options as well as range options.

Assets Available

The switch to Tradologic also resulted in the expansion of Cedar Finance’s asset portfolio. At this moment a total of 13 forex currency pairs are being offered including EUR/USD, EUR/GBP, EUR/JPY but also more exotic pairs such as USD/NOK and USD/SEK.

The broker also provides close to 30 indices such as the DOW, FTSE 100, NASDAQ and more. When it comes to commodities, the broker offers the possibility to trade on a total number of 11 such as gold, silver, palladium, platinum and corn. Naturally, there are also a massive number of stocks available from all around the world.

Payout Rates and Bonuses

The payout rates offered by the broker depend on the type of the option contract selected. Most typically, simple high/low options offer payout rates of around 85% while more complicated options like range options can offer payout rates that reach as high as 180% in certain cases.

The broker also decided to offer three massive bonus schemes after it’s move to Tradologic. The first one is for traders who decide to deposit between $200 and $999. These traders will receive a bonus of 30% on their first deposit.

Traders depositing between $1,000 and $4,999 will get a bonus of 50% and multiple other benefits such as a personal account manager, preferential withdrawals and more. And finally, traders depositing between $5,000 and $9,999 will get a bonus of 75% on their deposit.

Deposits and Withdrawals

The new Cedar Finance also offers new payment tools such as Moneybookers, Nordea, iDeal, and others apart from the standard payment methods like credit cards and wire transfer. Deposits are carried out instantaneously and involve a minimum of EUR/USD/GBP 200. Withdrawals are processed within 1-5 business days.

Cedar Finance is also one of the brokers that offer a large selection of educational material traders will be able to use in order to learn trading binary options. We believe that the recent migration from the TechFinancials software to Tradologic will further fuel the massive growth the broker experienced in the recent past.

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