High Risk
Reported as a scam / unregulated
SF-705169registry entry
Why Cedar Financial is on the register
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:
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.