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Cedar Financial

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Operating status: SCAM

Website: https://cedarfinancial.ltd/

Broker violations and abnormal records
  • 2022-10-16 The New Zealand FMA Added Cedar Financial into Its Warnings

    On 17 Aug 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Cedar Financial may be operating a scam. The entity did not hold a Derivative Issuer License and was not a registered financial service provider in New Zealand or licensed by the FMA. As such, it was not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/warnings-and-alerts/cedar-financial-limited/


    On 17 Aug 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Cedar Financial may be operating a scam. The entity did not hold a Derivative Issuer License and was not a registered financial service provider in New Zealand or licensed by the FMA. As such, it was not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/warnings-and-alerts/cedar-financial-limited/
  • 2022-10-17 BrokersView has Reviewed that Cedar Financial is an Unregulated Forex Broker

    Cedar Financial claims to be a licensed broker under double regulations including the United Kingdom Financial Conduct Authority (UK FCA) and Cyprus Securities and Exchange Commission (CySEC). However, we searched the two regulators and found no matching results. That means the broker is not regulated by FCA or CySEC.

    Moreover, this broker also claims to be located in New Zealand. So we searched the New Zealand Financial Markets Authority (NZ FMA) but only found a warning against this scam. NZ FMA confirmed that Cedar Financial was not permitted to offer derivative trading services to New Zealand retail customers.

    The truth is that Cedar Financial is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Cedar Financial claims to be a licensed broker under double regulations including the United Kingdom Financial Conduct Authority (UK FCA) and Cyprus Securities and Exchange Commission (CySEC). However, we searched the two regulators and found no matching results. That means the broker is not regulated by FCA or CySEC.Moreover, this broker also claims to be located in New Zealand. So we searched the New Zealand Financial Markets Authority (NZ FMA) but only found a warning against this scam. NZ FMA confirmed that Cedar Financial was not permitted to offer derivative trading services to New Zealand retail customers.The truth is that Cedar Financial is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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