Is Cedar Finance a Scam Read This Review And Find Out

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Capital7 Review – Is It a Scam? Read This Before You Invest

by Alex Y · Published · Updated

Can you really make 7% Daily Return Make 154% Monthly R.O.I. with Capital7? Is it a scam? Is it a legitimate fund management company? Read my Capital7 review and find out.

Capital7 Review – Is It a Scam?

What is Capital7 all about?

Name: Capital7
Website address: https://capital7.cc
Vendor: Marvin Peterson
Price: minimum deposit of $25
Overall Rank: 0 out of 100

Capital7 is just another High-Yield Investment Program that allows people to invest their money under two investment plans.

7% Daily Investment Scheme – that pays 7% return every business day for a duration of 30 calendar days. Noted that you won’t have your account credited on weekends with this scheme. That simply means you will only make 7% profits only for 20 to 22 business days. This only gives 40% to 54% in profit.

110% Weekly Investment Scheme that generate 10% of what you invested after one calendar week.

Affiliate Program that offers referral commission of one-level and makes 7% – 10% for every deposit made by your downline. This is a great opportunity to build a long-term passive income that will earn you between $1.25 to $12,500 on each external deposit your referrals will ever make into the platform.

Master Affiliate that offers 2% commission from all new deposits of your referral’s downlines.

Is Capital7 Real or Fake?

#Red Flag 1 – Duplicate of Carbon7

Capital7 is a duplicate of Carbon7, that was launched in 2020. The site is currently now dead. You can check out the site (https://carbon7.cc).

#Red Flag 2 – Ponzi Scheme

Similarly to Amazing 5, Capital7 is what your typical HYIP (fraud) looks like. Capital7’s business model is running on Ponzi Scheme.

Although users deposit a certain amount of money, the site operator will double your money within the next few hours.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Don’t be mistaken in thinking that Capital7 is making any form of money through investments or trading on behalf of the investors. In fact, they pay you the return from the deposits made by the new members. That’s how Ponzi scheme works.

That’s why they encourage people to recruit by saying that you could earn referral commissions. A Ponzi scheme such as Capital7 remains in operation as long as deposits from other users keep coming in.

They need new members to sustain the pyramid. They need “new” money to generate “returns” for the older investors by acquiring new investors. See illustration below.

Once this fund starts to dry up, no further payouts will take place.

#Red Flag 3 – Domain Registration Expiry Date

Another reason why I said Capital7 is a scam is the registration of the domain is expiring on 2020-07-13. If this were a legitimate business, why would they register the domain only for such a short period of time?

Update on 26th April 2020: The domain expiry date has now been extended to 2023-01-04.

#Red Flag 4 – Vague Investment Information

Capital7 provides very little details about how they operate the company and how they manage their investment fund. I personally dropped an email and asked a few questions about how the returns will be made and who the company officers are. Unfortunately, I have not received any response from the company yet.

HYIP like Capital7 should always be able to explain how they intend to generate returns, unwillingness to disclose such information. Unfortunately, they fail to do that.

#Red Flag 5 – High and Unsustainable ROI

I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members.

The higher return that Capital7 claims here clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.

With such a high return on investment (ROI), it does look very fishy to me that Capital7 is a legitimate investment company.

Conclusion

I have tried these HYIP in the past and I reviewed some of them on my blog too. My experience tells me that this is just another Ponzi scheme that aims to steal your hard earned money.

Investing any of your money into these programs will lead to a financial loss , even if one were to receive a few payouts in the beginning.

There are many fake reviews on Capital7 on the internet because this is how they attract people to be part of the referral scheme. This is why there are so many people being cheated and scammed every day by these HYIPs.

It is essential to share this post on your social media to educate people around you to stay alert and stay away from programs like Capital7.

For those who are high-risk takers, some high yield investment programs have the ability to generate exceptional returns, but only because the risk of loss is great. If you are willing to invest your money with high profit and high-risk investment scheme, Forex Paradise is one of the most stable HYIP you can try. You can read the full review of this HYIP here.

Final Word

I don’t like the reliance on a Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.

One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.

If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.

When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.

Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.

If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.

Extra Income as an Affiliate of WA

Just like Amazon, WA allows you to generate income as its affiliate member. Meaning, that if you make a sale, you receive a commission. If you don’t make a sale, you don’t make a commission.

The monthly investment to gain access to all the bells and whistles of WA is $47/month. You have the option to pay upfront and gain access to a yearly membership while saving on the total investment.

Here’s the commission breakdown for the sale of each membership.

  • $175 upfront and recurring yearly commissions for the sale of an annual membership
  • $22.50 upfront and recurring monthly commissions for the sale of a monthly membership

Here is a hypothetical breakdown of “monthly” income statistics for you based on just a 4-month recurring monthly membership commissions.

  • 1 sale per day= $2,700/month
  • 5 sales per day= $13, 500/month
  • 10 sales per day= $27,000/month

I personally find I make more commissions through WA than Amazon as the training modules are solid and most of them stay with WA for more than a year.

Here are my recent affiliate commissions rewarded from WA. I generated $5,886 in my last 7 days and it’s actually ramping up over time.

As long as people are still a member of WA, I get rewarded the recurring monthly commissions. This is what I meant by sustainable income. There are more than three billion internet users around the globe. Making 1 sale per day is not difficult at all with the blueprints and the step-by-step guide from WA.

Click Here to Get Started Today

It’s Your Turn Now

Please share this article with your friends and family members so that they do not fall into the traps.

If you have any questions or comments, let me know in the comment box below.

Cedar Finance Scam Review

Rating:

Cedar Finance is rather one of unknown brokers in the industry. It has great marketing campaign and desperately tries to be on the same level as the top rated binary options brokers. But it is still one of the worst binary options brokers! Read the full Cedar Finance Scam Review!

Min. Deposit: $200 Demo: No

Platform: Cedar Finance Bonus: 30%

Regulation: CySEC US Clients: Yes

DO NOT SIGN UP! Read full Cedar Finance Scam Review and find out what is waiting for you. SCAM DETECTED!

Cedar Finance Scam Review: About the Company

The Cedar Finance is a questionable binary options broker. It is owned by the P.M Investment Capital Ltd., which is located in Cyprus. The broker claims to be CySEC regulated but it also accepts the clients from the USA. The review has absolutely no idea how do they manage to do it, so we recon them to be scam broker.

Talking about the Cedar Finance, there is a high chance that you have seen their videos that claim that it is so easy to make money. The most of these videos show how to make $245 in under 5 minutes or how to turn $100 into $300 in under 60 seconds. It is possible to do so on the binary options, but you have to always count for risk. Their marketing campaign says that there are almost no risks, so be aware.

Cedar Finance Accounts Review

Cedar Finance Scam Review thinks that the account offer of this scam broker is one of the most diversified in the market. The basic offer, that is available for all account types will give you the access to all possible binary options trades, together with 24/7 support, eBook guide, video tutorials and the newsletter with the most important financial news.

  • Bronze package
    Such account package is available for the deposits between $500 and $999. Except for all the offers from the basic account, you will additionally get 3 calls with market analysts, risk-free trade and one trading strategy. Binary Options Hub also found out that you will get a 1-month subscription for the Zoom magazine, which is created by the scam broker. So read it or not – is your choice.
  • Silver package
    This package increases the offer of the bronze package by 14-days SMS alerts, which should be your personal signals for trading. They are provided by the scam so BO Hub does not think that they will be useful for you. Also, package increases calls to market analyst to 5, risk free trades to 2 and trading strategies to 2. The subscriptions are 2 month for Zoom magazine and emailed trading signals to 1 month. In order to get all of these you have to deposit between $1,000 and $4,999, which a lot of money for such a risk with scam broker.
  • Gold package
    This is the most advanced account package provided by the scam broker. You can get this package by depositing more than $5,000. The package is promised to give you weekly trainings, customized trading strategy and extended subscriptions that can be seen on the image below. The package is great, but Cedar Finance Scam Review suspects that you should not risk such amounts on money with unreliable binary option brokers.

The Binary Options Hub does not recommend you to make any deposits with scam brokers and advises you to stay away from them.

Cedar Finance Trading Conditions

At this scam broker you can choose between five main types of the binary options.

  • Digital
    This is a basic binary options trading type. In digital trades you have to analyze and make a decision if the price of the instrument will go up or will it decrease after selected time. The possible time selections are: 15 minutes, 30 minutes, 45 minutes, 1 hour and market closure.
  • Turbo
    Basically, Cedar Finance Scam Review thinks that this binary options trading type is the same as digital, but the timeframes are different. In turbo binary option you can choose between 15, 30, 45 seconds, or 1, 2 and 5 minutes.
  • Touch
    This binary option type allows you to make money on prediction whether the price of the instrument will touch upper or lower limit, that are specified by the scam broker. You can trade touch options on 30 minutes and 1 hour.
  • One Touch
    There is only one difference between Touch and One Touch – in One Touch the decision of upper or lower touch is made for you. This decision changes depending on the timeframe, so be cautious.
  • Range
    The basics of this binary option is the evaluation of the price range. You just bet on price being in the range or outside it after 30 minutes or 1 hour and get your payout.

Cedar Finance Trading Platform

The broker does not use any solution provided by binary option platforms. It has developed it’s own platform called Cedar Finance.

The platform looks different, than other binary options platforms, but the adjustment process is easy. It sometimes is laggy and requires patience and the order execution sometimes takes too long. Basically, the platform is usable, but still we would not recommend it to anybody.

Cedar Finance Scam Deposits and Withdrawals

Review found that the broker allows deposits via credit cards, electronic payment systems and wire transfers. The credit card and electronic payments are instantaneous, while the wire transfer usually takes between 5-7 days to be shown on your account. What is rather surprising – you do not have to contact support before you make a wire transfer, you can find all the details on the deposit page.

The withdrawals should be available via credit cards and wire transfer, but Binary Options Hub does not think that you will be lucky enough to succeed with the withdrawal.

Cedar Finance Customer Support

The cam broker has all support options that are used in the binary brokers market nowadays. You can contact them via live chat, phone or write them an email. You will be answered in English, German, Japanese, Arabic, Italian and Russian.

Cedar Finance Account Application Scam Review

Scam brokers often make easy and fast sign up process, and Cedar Finance is not an exception.

As the beginning of the sign up process – you have to fill in the small box on the scam broker website with your details.

The Binary Options Hub will not give you a link to the website of the Cedar Finance.

The binary Options Hub does not want to involve itself in this dark part of the business.

The link to this scam broker can be easily googled.

But be prepared, you are going to deal with scam.

After that, you will be directed to the page where you have to create a password for your account.

After agreeing with terms and conditions and clicking register button you will be transferred directly to the deposit page. We recon that signing up with the scam broker is rather bad idea and you should do it at your own risk.

Cedar Finance Scam Review Conclusion

Cedar Finance is a questionable broker. On the one hand it claims to be regulated by the CySec and on the other it accepts US clients. Also, the platform could be less laggy and work much better. The promotional videos as well create the false impression that binary options trading is not risky at all. For all this questionable moments, the Cedar Finance Scam Review gives to the Cedar Finance 1.5 stars out of 5.

Should you be looking for a trusted broker, click below!

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

How to identify Forex scams

Just like any other financial market, the Forex market has been a target of Forex scammers for a very long time. Unethical behaviour, promises of unusually large profits without any risk, and the advertisement of “holy grails” are all signs of a Forex scammer who wants to make a profit from naïve traders. Fortunately, there are easy ways you can identify a Forex scammer and protect yourself from their misleading promises. In this article, we’ll cover exactly that, and show you how Forex scammers operate.

How to identify a Forex scammer

Forex scammers may come in different forms, but they all share one thing in common: they’re non-transparent, unregulated, and promise trading results which sound too good to be true. Beginners may have a hard time identifying these characteristics due to their inexperience, which is the main reason why beginners are often targeted by Forex scammers. As you gain trading experience along the way, it will become significantly easier for you to spot these unethical practices and protect yourself from Forex frauds.

If a trader promises hundreds of pips per day without any risk, or tries to sell a trading robot which makes thousands of pips with the click of a mouse, you should be very cautious about that offer. If a trader really had an extremely profitable trading strategy or trading robot, they wouldn’t have to sell that system to other traders, right? They could simply make hundreds of pips with their system and wouldn’t waste their time advertising their product to other traders.

Regulation, or rather lack of it, is also a very important sign of a Forex fraud. Check whether the company which promises unusually high profits is regulated by scrolling through its website. Regulated companies always showcase their licence or regulatory authority on their website, and if you’re unable to find this information, you’re probably dealing with a fraud.

Here we’ve prepared a short checklist of the main points you need to look for to identify potential scammers:

  • Does the trader or company promise extremely high profits and doesn’t mention any risks associated with the strategy? If so, it’s probably a fraud.
  • Can you find information about the company’s regulation on its website? If not, be cautious when dealing with the company.
  • Can you find any additional background information about the trader or the company?
  • Does the trader have their trading results verified by a third party?

These signs, and more, will be discussed in more detail in the following lines.

Additional signs of Forex scams

There are many more ways of identifying Forex trading scams, such as trading results which are not verified, emails that ask for personal information, or the unavailability of background information.

  • Unverified trading results – This scam is very popular with Forex signal providers. A trader will claim that they are constantly profitable on the market, and post screenshots of their trading performance on social media. The trading results often show extreme profit, sometimes even without a single losing trade. Beginners without trading experience are especially attracted to these types of scams as they don’t know how much profit to expect when trading. Needless to say, you should be very cautious when someone makes their trading results publicly available. Ask the trader if the results are verified by a third-party provider, such as myfxbook. If the trader refuses to provide you with a link to their verified results, simply forget about that trader and choose another, as it is highly likely that they are a fraud.
  • Unprofessional emails – Unprofessional emails are another obvious sign of an online Forex trading scam. Email marketing is very common these days, but if the tone of the email sounds unprofessional or if the person asks for any personal information, it’s probably a scam. Forex scammers often use email lists bought on the dark web to send hundreds, or even thousands of emails to traders, offering various trading products. Again, make sure there is background information about the person sending the emails – or if it’s a company, check that it is regulated by browsing its website. If you are unable to find any of the above, and the emails ask for personal information to send you a “free e-book” or something similar, it’s probably a scam.
  • No background information – We’ve already mentioned the importance of checking for background information about a trader or company that promises extremely high profits or asks for your personal information. Scammers often change their identity and act under an imaginary name, so that their victims can’t track them on the Internet. It’s also common for scammers to use pictures of traders found on the internet, claiming that the person in the picture is them.

A simple Google search can help you out a lot. Search for the name of the trader or the company and see whether you can find any background information that proves the scammer’s claims. If you’re dealing with a serious company or trader, you may also be able to find reviews from other customers who have used their services. Always do your research to avoid falling for this type of scam.

Protect yourself against Forex scams

Now that we have covered the most important signs that identify a Forex scammer, it’s time to take a look at ways you can protect yourself. Being cautious about any offer is usually the best solution, but there are also some additional ways.

  • If it’s too good to be true, it’s probably a scam

Common sense helps a lot in these situations. If someone claims to make hundreds of pips per day without a single losing trade with their strategy, it’s probably too good to be true. Even professional traders have losing trades from time to time. If the results are not verified by an independent third-party service, you’re most likely dealing with a scam.

Nothing is more powerful than knowledge. Scammers usually target beginners who don’t have enough trading experience to identify what returns are realistic on the market. Education doesn’t come overnight, but with time you’ll find it way easier to spot Forex frauds even from a distance. Invest in your trading education and gain experience, and you won’t become an easy target for Forex scams.

Never give out your personal information! Scammers may use it to steal your identity and to attract new victims under your name. Always ask yourself – why do they need my personal information? If there is no obvious answer to this question, don’t send any personal data and stop wasting your time with the company. It’s very important to know how to protect your personal information. Regulated companies have to store all of their clients’ personal information, such as ID cards and passport copies, in a safe place and can only use the data for their internal procedures.

Finally, if you’re unsure whether a company is regulated or not, your best bet would be to directly contact the regulatory body of the company’s jurisdiction. You’ll first need to find out the location of the company in order to reach out to the regulatory body of that country. Many regulatory authorities feature a database of regulated companies on their website, where you search and find additional information about the company’s license. Popular regulatory bodies in the Forex industry include the FCA in the United Kingdom, CySEC for Cyprus-based companies which offer their services in the European Union, and the CFTC and NFA in the United States.

Conclusion

There are scammers and unethical persons operating across all markets, and the Forex market is no exception. There are many signs of Forex trading investment scams that can be used to identify and uncover a scammer, such as promises of extremely high profits without verification, the absence of any industry regulation, unprofessional emails which ask for personal data, or the unavailability of background information. Always perform detailed research on these points before you buy a trading product. In addition, make sure to educate yourself about trading, since scammers usually target beginners who aren’t experienced enough to identify unrealistic trading results. If an email asks for personal info, never provide the information right away, but first check why the person or company needs your personal data. You should send copies of your ID cards or passports only if you’re sure that the company is legit. Performing a check on the regulatory body’s website to see whether the company is listed in the database is also a wise decision. To perform the check, first find out where the company is located and go to the website of the regulatory body which governs that jurisdiction. If the company is not listed in the database of regulated companies, it’s probably a scam.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
How To Do Binary Options Trading?
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: