Cedar Trade Global is a contract for difference (CFD) broker whose domain was registered on June 21, 2024. The broker primarily provides investment services in Forex, commodities, indices, stocks, and digital currencies, and does not offer services in jurisdictions where it might violate local laws or regulations.
Company Registration and Regulatory Status
Public information on Cedar Trade Global's official website indicates that the company's entity is registered in the United Kingdom, headquartered in London, and regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Additionally, the broker claims to be registered in the United States as an international investment company with permission from the Securities and Exchange Commission (SEC).
The website footer states, "All clients will deal directly with Cedar Trade Global A/S, and all client agreements will be signed with Cedar Trade Global A/S, thus governed by Danish law." However, Clause 8 of the Terms of Service page states, "This agreement is governed by and interpreted in accordance with Dutch law, and any unresolved disputes shall be submitted to the jurisdiction of Dutch courts."
Furthermore, the broker has not disclosed the specific name of its company entity or any corresponding regulatory license number.
After verification, no registration information for a company named "Cedar Trade Global" was found in the UK Companies House, FCA, ASIC, SEC, Danish Financial Supervisory Authority (Danish FSA), or the Dutch Authority for the Financial Markets (AFM).
Therefore, Cedar Trade Global is essentially a fraudulent broker website with no company entity or regulatory oversight.
Trading Instruments:
Cedar Trade Global offers clients a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or sector without trading individual stocks, providing diversified trading opportunities with high leverage.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public company price movements, earning from price changes and dividends based on company performance without holding the actual stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts a chance to profit from highly volatile assets.
Account Opening Process
The process to open a trading account with Cedar Trade Global is as follows: Visit the broker's website, click "Open Account" at the top right corner to access the registration page, fill in personal information such as name, phone number, and email, set a login password, and submit. Once verified, the account is successfully registered.
Investment Plans
Cedar Trade Global offers four types of investment plans: Basic Plan, Silver Plan, Gold Plan, and Platinum Plan.
Basic Plan:
- Minimum Deposit: $500
- Maximum Deposit: $999
- Duration: 48 hours
Silver Plan:
- Minimum Deposit: $1,000
- Maximum Deposit: $4,999
- Duration: 4 days
Gold Plan:
- Minimum Deposit: $5,000
- Maximum Deposit: $9,999
- Duration: 7 days
Platinum Plan:
- Minimum Deposit: $10,000
- Maximum Deposit: $50,000
- Duration: 2 weeks
Trading Platform
Cedar Trade Global claims to provide MT4 and MT5 trading platforms to users, but information about the broker cannot be found on MT4 or MT5.
Deposits and Withdrawals
Cedar Trade Global's website does not disclose supported deposit and withdrawal methods.
Conclusion:
Traderknows reminds investors that Cedar Trade Global is actually a scam broker website with no company entity or regulation, and the only contact method available is via email. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
