Terms & Conditions

  1. General

    The following describes the terms and conditions upon which Cedar Finance offers access to its Website to you the customer (“you”) and the use of its services (the “Agreement”).

    This Agreement describes the terms, conditions and risks applicable to your use of our services available under the domain of www.cedarfinance.com (the “Site”). If you have any questions regarding this Agreement, please contact Customer Support.

    You must read, agree with and accept all of the terms and conditions contained in this Agreement without modifications, which include those terms and conditions expressly set forth below and those incorporated by reference, before you may become a customer of Cedar Finance. By continuing to access or use the Site, you agree to follow the terms and conditions of this Agreement, as they do apply to you.

    This Agreement is effective upon acceptance upon the registration for newly registered customers. If you do not agree to be bound by the terms and conditions of this Agreement, then do not use or access our services, and inform us in writing immediately.

  2. Online Services Agreement

    This Agreement is made by and between Cedar Finance and you. Cedar Finance is owned by P.M. Investment Capital Limited, legal entity established in the Republic of Cyprus with registration No. HE 317840, with the main office in Cyprus, 6, Ioanni Stylianou, 2nd floor, Flat/Office 202, 2003 Nicosia.

    This Agreement applies to both the Site and trading platform, as well as to the electronic content and/or software currently contained on the Site that supplies the customer with real time information about the exchange rate of some currencies, as well as with the program facilities for executing trading transactions in the foreign exchange market via the web, phone or fax, and any other features, content or services that Cedar Finance may add in the future (the “Services”)

  3. Membership Eligibility

    The Services are available to and may only be used by individuals or companies who can form legally binding contracts under the law applicable to their country of residence. Without limiting the foregoing, our Services are not available to persons under the age of 18 or otherwise under legal age (“Minors”). If you are a Minor, you may not use this service. IF YOU DO NOT QUALIFY, PLEASE DO NOT USE OUR SITE. For avoidance of doubt, we shall not be responsible for any unauthorized use by Minors of our Services in any way or manner.

    Furthermore, our Services are available only to, and may only be used by individuals who have sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of acquiring financial contracts via this Site, and have done so without relying on any information contained in this Site. You shall bear sole responsibility for any decision made and/or to be made by you relying on the content of the Site.

    Without derogating from the above provision, we shall not be responsible for verifying and/or checking whether you possess such sufficient knowledge and/or experience, nor shall we be responsible for any damage and/or loss incurred by you due to and/or related to the Site, transactions carried out by you and/or your use of the Services.

    Without limiting the foregoing, our Services are not available where they are illegal to use, and Cedar Finance reserves the right to refuse and/or cancel Services to anyone at its own discretion.

  4. Registration Information and Requirements

    When you register for the service, Cedar Finance will ask you to provide certain identification information. You are responsible for securing your Username and Password for your account with Cedar Finance. You hold sole responsibility for any damage caused due to any act or omission by you causing inappropriate or irregular use of your account.

    You agree to provide true, accurate, current and complete information about yourself during the registration process, and you also agree not to impersonate any person or entity, misrepresent any affiliation with another person, entity or association, use false headers or otherwise conceal your identity from Cedar Finance for any purpose. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement.

    Cedar Finance will treat with care the information you entrust to it, in accordance with the disclosures it provides during the registration process and in its Privacy Policy.

  5. Legal Restrictions

    Without limiting the foregoing, you understand that laws regarding financial contracts vary throughout the world, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your country of residence with regards to the use of the Site. For avoidance of doubt, the ability to access our Site does not necessarily mean that our Services, and/or your activities through it, are legal under the laws, regulations or directives relevant to your country of residence.

    You hereby declare that the money invested in your account with Cedar Finance do not originate from drug trafficking, abduction, or any other criminal or illegal activity.

  6. Limited License

    Cedar Finance grants you a non-exclusive, non-transferable and limited personal license to access and use the Site (the “License”). The License is conditioned on your continued compliance with the terms and conditions of this Agreement.

    You agree not to resell or permit access of the Site to others, and not to copy any materials appearing on the Site for resale or for any other purpose to others without the prior written consent of Cedar Finance.

    For avoidance of doubt, you shall be responsible and bound by any unauthorized use of the Site, made in breach of this section.

    You agree to use the information received from the information systems of Cedar Finance for the sole purpose of executing transactions inside and within the Site.

    You further agree not to use any electronic communication feature of a Service on the Site for any purpose that is unlawful, tortuous, abusive, intrusive on another’s privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.

    The License granted under this Agreement will be terminated if Cedar Finance believes that any information provided by you, including your email address, is no longer current or accurate, or if you fail to otherwise comply with any term or condition of this Agreement and all rules and guidelines for each service, or if Cedar Finance establishes that you have abused in any way (including but not limited to engaging in a transaction out of market rates) on the Cedar Finance trading platform.

    Upon such a violation, you agree to cease accessing the Services. You agree that Cedar Finance, at its sole discretion and with or without notice, may terminate your access to any or all Services, close your open transaction and remove and discard any information or content within a Service.

  7. Risk Disclosure

    You agree to use the Site at your own risk.

    Without limiting the foregoing, the Services contained within this Site are suitable only for customers who are able to bear the loss of all the money they invest, and who understand the risks and have experience in taking risks involved in the financial markets.

    The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with binary (digital) options trading, and seek advice from an independent financial advisor if you have any doubts.

  8. Financial Information

    Cedar Finance may make available to you through one or more of its Services a broad range of financial information that is generated internally or obtained from agents, vendors or partners (“Third Party Providers”). This includes, but is not limited to, financial market data, quotes, news, analyst opinions and research reports, graphs or data (“Financial Information”).

    Financial Information provided on this Site is not intended as investment advice. Cedar Finance does not endorse or approve the Financial Information, and we make it available to you only as a service for your own convenience. Cedar Finance and its Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Financial Information, or warrant any results from your use or reliance on the Financial Information.

    Financial Information may quickly become unreliable for various reasons, including, for example, changes in market conditions or economic circumstances. Neither Cedar Finance nor the Third Party Providers are obligated to update any information or opinions contained in any Financial Information, and we may discontinue offering Financial Information at any time without notice.

    It is your duty to verify the reliability of the information on the Site and its suitability to your needs. We exclude any liability for any claim, loss or damage of any kind allegedly caused by information presented on the Site or referred to by the Site.

  9. Links

    Cedar Finance may provide a link to other sites that are controlled or offered by third parties.

    Such a link to a site or sites is not an endorsement, authorization, sponsorship or affiliation with respect to such site, its owners or its providers.

    Cedar Finance cautions you to ensure that you understand the risks involved in using such sites before retrieving, using, relying upon or purchasing anything via the Internet.

    Links to these Websites are provided solely for your convenience, and you agree that under no circumstances will you hold Cedar Finance liable for any loss or damage caused by use of or reliance on any content, goods or services available on other sites.

  10. Trading Cancellation

    Cedar Finance reserves the right in its sole discretion to refuse, cancel the Services, and/or refuse to distribute profits to anyone for any legitimate reason including, but not limited to:

    • any instance when Cedar Finance has cause to believe that a person’s activities on the Site may be illegal.
    • any instance where Cedar Finance may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities.
    • any instance where one or more transactions on the Site are judged by Cedar Finance to have been performed in violation of this Agreement.
  11. Withdrawal Procedure

    Cedar Finance’s finance department handles all submitted withdrawal requests. Identification documents must be submitted in order to process a withdrawal.

    There is no fee to withdraw via credit card; however any withdrawal below the amount of 500 via bank transfer will be charged a 25 fee of the original currency in which the initial deposit was made: USD, EUR and GBP. The minimum withdrawal is 200 of the currency you used to make the initial deposit: EUR, USD, GBP.

    Once a withdrawal request is submitted it can take Cedar Finance 3-10 business days to process the request. Once the request has been approved please allow an additional 5-7 days for the funds to show in your account.If the clients wish to close the account he/she may do so without the additional fees, all the remaining funds in the account will be transferred to the original source of payment (credit/debit card, bank account, e-wallet).

  12. Canceling your account

    There is no additional cost if you want to cancel your account, just place a withdrawal request in the section Cashier and inform us about your willingness to close your account.

  13. Cedar Finance Bonus Policy

    Cedar Finance offers bonuses for all depositing customers. If you choose to accept a bonus, you need to contact us via phone/chat. These bonuses are deposited into your account pending a trading volume of at least 30 times the amount of the bonus. Therefore, in order to withdraw any funds, the preceding stipulation must be fully met. If you decide to withdraw funds, before achieving sufficient turnover, you are obliged to return the whole amount of bonus and profits.

    Every bonus given by Cedar Finance is meant to help its customers to achieve higher trading volume and profits. Therefore if you decide to withdraw funds, only the original deposit and profits may be withdrawn. Bonus funds are not eligible for withdrawal.

    The Risk-free trade is the first trade executed after the deposit which has led it to being allocated. In case of a losing trade, the trader is eligible to claim a refund via phone/chat. Risk-free trades only apply up to the amount of the deposit which led to the Risk-free trade being allocated and not higher than 2000 USD/EUR/GBP. If a deposit issues two or more Risk-free trades, they apply to the consecutive trades following the deposit which has led them to being allocated.

  14. Refer a Friend Program – Terms and Conditions

    • You are entitled to receive Refer a Friend Bonus only if:
      • following your referral of a Friend, the person in question opens an account at Cedar Finance, deposits at least 200 USD/EUR/GBP and performs at least one (1) trade via the Site. The person referred to as a “Friend” must be a new Cedar Finance customer who has never had an open account with Cedar Finance; and
      • prior to the Friend’s sign-up at Cedar Finance you had a valid user account at Cedar Finance, you have deposited at least 200 USD/EUR/GBP and performed at least one (1) trade via the Site.
    • The Refer a Friend Bonus will be added to both the Referrer’s and the Friend’s accounts as a Bonus money and will match the Friend’s deposit amount. Both you and your Friend are allowed to withdraw Bonus money only after obtaining the trading volume of 30 times the amount of the Bonus.
    • If you are entitled to receive the Refer a Friend Bonus, your Friend is likewise entitled to receive the Bonus.
    • If either you or the Friend are entitled to receive any other bonus or reward from Cedar Finance, then, since the promotions cannot be combined, you and the Friend will receive the higher among the bonuses or the other reward – to be determined solely at the discretion of Cedar Finance.
    • If, at any time before the Refer a Friend Bonus is claimed by you or the Friend, either your or the Friend’s account at Cedar Finance is blocked, closed or excluded from promotional offers, neither the Friend nor the Referrer is eligible to receive the Refer a Friend Bonus.
    • The Refer a Friend 100% Match Bonus will be added to the Referrer’s and the Friend’s accounts within two (2) business days from the time the Refer a Friend Bonus stipulations are fully met.
    • There is no limit to the number of the Refer a Friend Bonuses the Referrer may receive.
    • The Refer a Friend Bonus can be granted once (1) per one (1) Friend.
    • Cedar Finance decision is final on all matters relating to Cedar Finance special offers and promotions and shall not be subject to review or appeal by you or any third party.
  15. SNAP & EARN – Terms & Conditions

    Every user registered at Cedar Finance can enter the “Snap & Earn” promotion by submitting a photo complying with the conditions listed below. By submitting a photograph, the user agrees to the following Terms & Conditions:

    • The contest starts on August 21, 2014 at 0:00 and ends on September 5, 2014 at 0:00. Only the photographs submitted during that time are eligible for the award of $200.
    • In order to be qualified for the award , the photograph has to meet the following requirements:
      • one (1) user can only send one (1) photo;
      • the photograph must depict the user submitting it;
      • the photograph must be legally owned by a person submitting it;
      • the user should be 18 or older.
    • Cedar Finance has the final say on whether the photograph meets the requirements or not.
    • Photographs which Cedar Finance finds inappropriate will not be awarded.
    • It is banned to submit the photographs which:
      • violate any laws or/and regulations under Cypriot jurisdiction;
      • depict illegal drugs, alcohol or tobacco products, items or actions which encourage or promote illegal activities, items or actions promoting hate, violence, discrimination based on race, skin color, religion, sex, sexual orientation, national origin or age, items or actions which are considered obscene, items or actions violating any copyrights or privacy rights, any sexually oriented materials or services, ammunition, firearms, or any other weapons.
    • All users whose photographs are considered appropriate by Cedar Finance will be awarded with $200 bonus money transferred into their trading account within 7 business days.
    • The prizes will be awarded as bonus money. The user can check the Cedar Finance Bonus Policy in the general Terms & Conditions. No substitution of prizes is permitted, except at the sole discretion of Cedar Finance for a prize of equal or greater value.
    • Users are eligible to receive the award upon submitting their photograph, without being required to make a deposit.
    • Any photograph submitted to Cedar Finance becomes the property of Cedar Finance and may be used in any manner Cedar Finance finds appropriate in the future.
    • Cedar Finance can benefit financially from the photographs.
    • Cedar Finance employees cannot take part in the promotion.
    • Users grant to Cedar Finance the right to use and publish their photograph and proper name.
    • Cedar Finance reserves the right to use any and all information related to the “Snap & Earn” promotion including information about the users’ gained through the contest, for marketing purposes or any other purpose, unless prohibited by law.
    • These Terms & Conditions are only an addition to the general Terms & Conditions of Cedar Finance. The general Terms & Conditions are superordinate to particular promotions or competitions’ Terms & Conditions so that they take precedence in case of any possible contradictions.
    • Cedar Finance reserves the right to change the above-mentioned rules at any time.
  16. Trading Marathon – Terms and Conditions

    • Every active client with a trading account at Cedar Finance qualifies and automatically takes part in the Trading Marathon.
    • Prizes are awarded as cash or bonus awarded to the client’s trading account and are subject to standard withdrawal procedures.
    • The Top Traders’ Board is updated every 15 minutes but Cedar Finance reserves the right to occasional extension the refresh period.
    • The minimum trade size may change per competition.
    • If more than one (1) trader reach the same number of trades by the time the competition finishes, the trader who reached the number of trades earlier is awarded with the higher prize.
    • Only trades executed after the competition begins and finished before the competition ends will qualify.
    • Winners will be notified via phone or email within fourteen (14) business days of the prize drawing. If a winner cannot be contacted, is ineligible or fails to claim a prize, the prize may be forfeited and an alternate winner will be drawn.
    • These Terms & Conditions are only an addition to the general Terms & Conditions of Cedar Finance. The general Terms & Conditions are superordinate to particular promotions or competitions’ Terms & Conditions so that they take precedence in case of any possible contradictions.
  17. Limited Liability

    We undertake to supply steady Services on the Site. However, we assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Site or Services. We are not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the Internet or on any of the Site or Services.

    To the maximum extent permitted by applicable law, under no circumstances shall we be responsible for any loss or damage resulting from use of the Site or Services, from any content posted on or through the Site or Services, or from the conduct of any users of the Site or Services, whether online or offline.

    IN NO EVENT SHALL CEDAR FINANCE OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE SITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT CEDARFinance HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

    THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL CEDARFinance CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE SITE IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.

  18. Webinars

    Each Webinar created by Cedar Finance Trading Academy is made available upon a required prior deposit of 300 USD/EUR/GBP to Cedar Finance.

  19. AML Procedures

    No person shall abuse this site for the purpose of money laundering. Cedar Finance employs best-practice anti-money laundering (AML) procedures. Cedar Finance reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or conform to the following AML requirements and policies:

    • Live traders must provide all requested information upon registration.
    • Winnings will only be paid to the individual who initially registered to open a live account.
    • When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the live trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to Cedar Finance.
    • When a customer funds an account by means of credit/debit card deposit, winnings will only be paid back to the bank account held under the name of the individual whose name appears on the card used to make the deposit.
    • Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
    • Cedar Finance may, from time to time, at its sole discretion, require a customer to provide additional proof of identity, such as a notarized copy of a passport or other means of identity verification as it deems required under the circumstances, and may at its sole discretion suspend an account until such proof has been provided to its satisfaction.
  20. Intellectual Property

    All content, trademarks, services marks, trade names, logos and icons are the property of Cedar Finance or its affiliates or agents, and are protected by copyright laws and international treaties and provisions.

    You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you print or download from the Site. You will not obtain any intellectual property rights in, or any right or license to use such materials or the Site, other than as set out in this Agreement.

    Images displayed on the Site are either the property of Cedar Finance or used with permission. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights and the prior written consent of Cedar Finance.

  21. Indemnification

    You agree to defend and indemnify Cedar Finance and its officers, directors, employees, and agents, and to hold them harmless from and against any and all claims, liabilities, damages, losses, and expenses, including without limitation reasonable attorney’s fees and costs, arising out of or in any way connected with (i) your access to or use of the Site or Services; (ii) your violation of any of the terms of this Agreement; or (iii) your breach of any applicable laws or regulations.

  22. Term and Termination

    The term of the Agreement shall be unlimited. However, Cedar Finance will be allowed to terminate this Agreement at any time by notice to you. As of termination, you shall not be able to carry out new transactions.

  23. General

    This Agreement shall be governed by and interpreted in accordance with the laws of Cyprus that body of law pertaining to conflict of laws. Any legal action or proceeding arising under this Agreement will be brought exclusively in courts located in Cyprus , and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.

    Cedar Finance will not be liable in any way to any persons in the event of force majeure, or for the act of any government or legal authority.

    In the event that any provision in this Agreement is held to be invalid or unenforceable, the remaining provisions will remain in full force and effect.

    The failure of a party to enforce any right or provision of this Agreement will not be deemed a waiver of such right or provision.

    Cedar Finance may assign this Agreement or any rights and/or obligations hereunder without your consent.

    Cedar Finance may amend the terms of this Agreement from time to time by posting the amended terms on the Site. You are responsible for checking whether the Agreement was amended. Any amendment shall come into force as of the day it was published on the Site. If you do not agree to be bound by the changes to the terms and conditions of this Agreement, please do not use or access our Services, and inform us in writing immediately.

  24. Outside Execution System

    Non authorized Automatic or semi automatic trading mechanism integrated by the client on the browser or client side, that does not involve human execution, will be considered back door API or system abuse that may result to an account suspension and/or position cancellation.

    Positions that were taken in this way are resulted in prices that would not have been accepted or filled in the general market therefore will be consider as an off market transactions which will be resulted in cancellation.