The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now!
Only For Experienced Traders!
Real reviews of Redwood Options 2020
Broker review Redwood Options
This company is added to the Blaсklist of brokers
“Redwood Options” company, whose rating is quite high, offers its clients to work with highly-profitable BO trading instruments. Many investors often turn to the binary options trading during the volatile period on the market.
“Redwood Options” broker, reviews about which can be found on many Forex-resources, offers the following trading conditions:
- Web-platform that requires no preliminary installation on PC;
- Minimum requirements for the traders’ experience;
- Well-designed interface and top-quality educational program;
- Wide range of trading assets, including stocks, indices and currencies.
The trading modules this broker presents are extremely productive and apply the most advanced technologies to ensure the security of trading transactions. The rating of “Redwood Options” company is the most essential component for effective business development, so this company ensures round-the-clock access to the binary options trading. To perform a productive analysis, this company presents the most accurate data and technologies that will ensure the best trading conditions and bring more comfort to the whole trading process.
Reviews about “Redwood Options” are pretty important for this company, so it always offers only the latest news analytics by Thomson Reuters. The broker’s team consists of experienced specialists who know what they are doing. Apart from that, “Redwood Options” broker provides its risk management services for the payment processing, and gives consultations on the provisions of the international financial legislation. These services have already been discussed in numerous positive reviews submitted by traders. Beyond that, “Redwood Options” company offers some educational services that allow traders to learn more about the binary options trading and improve their skills.
Noteworthy features among the offered instruments are trading advisors, trading diagrams and many other instruments that can significantly increase the comfort of trading.
With a wide range of features and benefits, Redwood Options is a broker that is worth a look
Redwood Options has been in operation since 2020. The site has undergone quite a few changes over the years, but the reviews have stayed solid over all that time. Let’s take a look at what they have to offer as of 2020.
Redwood Options is owned and operated by a company called Azurepearl Capital, located in St. Lucia. Redwood Options is not regulated, but they do not accept traders from the USA owing to regulations by the CFTC. Still, their doors are open to traders from elsewhere around the world.
What Makes Trading at Redwood Options Different
I’ll be honest here. In many respects, Redwood Options really is “just another SpotOption” broker. I would say what makes them stand out is partly their strong reputation, and partly the fact that they haven’t left a whole lot of gaps in their services and features. In other words, they have done about the same thing as a lot of their competitors, but they have done it better.
Following is a list of all the stocks, currencies, commodities and indices available to trade on Redwood Options. As you will see, this is a massive selection. There are also pairs. Scroll past these to read the rest of the review.
Stocks: 3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, AMAZON, ANZ BANK, APPLE, ASX, ATHENS, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, BOVESPA-F, BP, BRITISH AMERICAN TELECOM, CATERPILLAR, CHEUNG KONG, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON SE, EBAY, EXXON MOBIL, F5 NETWORKS, FACEBOOK, FAZ-SHORT BANKS, FREEPORT McMORAN, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, HUTCHISON, IBM, ING GROUP, INTEL, JAKARTA SE, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (Candy Crush), KOSPI, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MAZDA MOTOR, McDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE,RIO TINTO, RIO-AU, ROSNEFT, RTS FUTURE, RUSSELL 2000, S.BANK INDIA, SALESFORCE.COM, SANDISK, SAP, SAUDI REFINERIES, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TEL AVIV 25, TELEFONICA,TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA.TA, TOPIX 100,TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WEIBO, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V.
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now!
Only For Experienced Traders!
Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/MXN,USD/RUB,USD/TRY,USD/ZAR.
Commodities: COFFEE, COPPER, CORN, GOLD, OIL, PLATINUM, SILVER, UGAR NO. 11, WHEAT
Indices: ASX FUTURE, BOMBAY SE, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50 ,EURO STOXX 50 F, TSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F. HSI, IBEX,IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NGAS FUTURE, NIFTY FUTURE, NIKKEI FUTURE, NIKKEI 225, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TNA-LONG X3, TSX 60, TZA-SHORT X3 CTG, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE.
Does Redwood Options Offer Bonuses?
Yes. You can view information on the match bonuses available in the section below on trading accounts. You have the option to choose between match bonus money and trading insurance. This is cool, as most binary brokers only offer match bonuses.
Redwood Options Trading Accounts
Here are the trading accounts you can choose from on Redwood Options:
- Beginner: Deposit $200-$5,000, no bonus ($200 is the minimum deposit).
- Semi Educational: Deposit $5,000-$25,000, receive a 50% match bonus or 25% trading insurance.
- Full Educational: Deposit $25,000-$50,000, receive a 75% match bonus or 50% trading insurance.
- Semi Advanced: Deposit $50,000-$100,000, receive a 100% match bonus or 75% trading insurance.
- Full Advanced: Deposit $100,000+, receive a 100% match bonus or 100% trading insurance.
The benefits you get depend on the account level you choose. At the Beginner level, you receive an eBook and access to educational videos and starter webinars. An account manager is available to assist you for a month, and the site sends you weekly market reviews.
At each level, you receive successively more time with the account manager. Every tier above Beginner includes daily market reviews as well as strategy seminars and academy sessions. At the higher tiers, you get VIP webinars, an interest-earning account, and extra payouts (up to 5%) on your winning trades. You also get access to more and more academy sessions.
“It is hard to go wrong with benefits and features like these. A lot of sites don’t offer nearly this much, no matter how large your account happens to be.”
Mobile Trading on Redwood Options
As of the time of this review, the site only says “coming soon” for mobile apps. I did some checking around however, and the Android app already exists and is available to download from Google Play. There is still no iOS app.
Redwood Options Deposits and Withdrawals
As already stated, the minimum deposit amount on Redwood Options is $200 or the equivalent. You may deposit in USD, GBP, EUR, CAD, AUD, or JPY. The deposit methods which you can use include credit or debit card, wire transfer or CashU.
When you withdraw, you need to pull at least $100 out of your account. The limit goes up to $2,000 per week. While the withdrawal thresholds are annoying, they are also standard for the binary options industry. In the terms and conditions, the company states that “RWO charges no withdrawal fees for credit cards.” There is a $30 fee for each wire transfer withdrawal, but the first one is free each month.
No fees for credit card withdrawals is awesome, since this allows you to maximize your profitability and enjoy flexibility when it comes to accessing your own money. A lot of other binary sites make it hard to get at what is rightfully yours.
Redwood Options Trading Platform
Redwood Options uses SpotOption as a trading platform, a white-label interface which is commonly re-branded by various brokers for use on their websites. So if you have traded on other binary options sites, you may get déjà vu while looking at it.
“SpotOption was designed with ease-of-use in mind and is perfect for beginners. Across the top, you will see all the trade types available: High/Low, Pairs, Long Term, Sixty Seconds, One Touch, Ladder and FX/CFD. “
This is a great selection. Below, you can select the asset you want to trade, enter in the expiry, amount, and direction, and place your order.
The minimum trade amount is $10 for most trade types. The maximum is $5,000. Considering that the minimum on many competing sites is $25, this $10 minimum is more accessible for traders who are getting started with the minimal bankroll.
Customer Support on Redwood Options
Customer service on Redwood Options is provided through several channels. You can fill out a web form, you can email, or you can use live chat. The most recent time I tried to contact the company on the live chat line, it malfunctioned. I think this must be a temporary setback though, because it has worked fine for me in the past.
What were my past dealings with the team like? In my experience, the line is answered pretty quickly. Agents do try to help, but they do not seem like the most knowledgeable support staff out there, and they have given me hard-sells. Of course, this was a while back, so things may be better now.
Trading Features and Resources on Redwood Options
- Use the “Follow” feature to see what other traders are doing. In fact, you can even select a specific user, a period of time, an investment amount, and a maximum limit. The platform will then place the trades automatically on your behalf for hands-off investing.
- There is a 0-10% out of money refund if your trade expires at a loss.
- Early close allows you to sell an option early in order to conserve your money when the market appears to be turning against your position.
- I have found no blatant references on the site to a demo account, but customer service has told me in the past that it may be possible to open one by speaking with an account manager. I have seen this confirmed by other traders and reviewers as well.
There is nothing overly “unique” about Redwood Options which makes it all that distinctive from competing SpotOption brokers, but I stand by my assessment that more quality care has been put into every aspect of the site. This makes it one of the better choices for trading binary options online right now.
- There are numerous financial instruments to trade.
- Many types of trades are available.
- You can choose the type of bonus you prefer.
- Many educational materials and trading tools are provided.
- There are no fees for credit card withdrawals.
- The minimum and maximum investment sizes are flexible.
- There is a low minimum deposit of just $200.
- Customer service is sometimes pushy, though still helpful.
- Even though Redwood Options looks to be a good broker, there is nothing particularly innovative here.
- Redwood Options is not regulated.
- Is Redwood Options a scam?
Since this is a very well-established broker with a stellar reputation, no, there is no reason to believe that it is a scam. Redwood Options has no credit card withdrawal fees and does not force you to accept a match bonus, which prevents your money from getting tied up.
- How do I open an account on Redwood Options?
Easy. Just navigate to the registration page and fill in your basic details. Accept the terms, enter the captcha, and hit “Submit.” Once your account is open, you may make your deposit. Once your money is in your account, you can begin trading.
Redwood targets the higher class of the retail trading market, but also offers a solid binary options platform for smaller traders. With respectable bonuses and standard payouts, Redwood might be a sensible choice for a sizeable chunk of the traders market.
It is inherently difficult for traders to understand the implications of investing their money in a financial company without any prior information about the broker’s reliability in the markets. We witness an incredible number of financial scams and financial malpractices occurring on a daily basis, and exotic financial markets such as binary options trading are at the mercy of dishonest entities that operate in the global financial market.
Our primary aim is to explore the different trading opportunities and choose the most reliable and efficient trading platforms that are largely devoid of any conflict of interest between a broker and a trader. We have developed this Redwood broker review with the sole intention of discovering the different trading features, platform options, bonuses, ROI, financial instruments, and the reliability of Redwood Binary Options. We also touch on some of the integral aspects of regulatory information and other critical company information to offer our readers a clear picture about the overall experience of trading with Redwood Binary Options.
Company & Licensing Information Of Redwood Binary Options
Redwood Binary Options is a pretty new binary options property that saw its inception in 2020, under the brand name Azurepearl Capital. Azurepearl Capital is a company registered in St. Lucia, which is a Caribbean island nation known for its beaches and a low-cost business environment. The Caribbean is highly popular among financial companies due to the tax haven status enjoyed by the countries in the Caribbean, and we have reviewed several genuine binary options brokers that have based their core operations out of a known tax haven.
Redwood gives its personal guarantee that all traders’ investments will receive the best priority when it comes to the safety of funds, which includes segregation of accounts and protection against financial abuse. Regardless of the company’s promises and guarantees, we are not 100% sure of the safety of the clients’ funds, particularly in light of the regulatory standards adopted by brokers that are considered to be among the best in the trade. Redwood Binary Options is also a new broker, and it takes some time to get information about the long-term implications of depositing money with the company.
Redwood Binary Options Financial Assets
Redwood gives plenty of options for its traders and has a varied instrument portfolio from the Forex, stock, indices, and commodities market. With more than 150 different underlying assets, traders can indeed choose their preferred investment option from various financial markets and take advantage of the truly amazing range of options. Take a moment to browse through all the Redwood assets offered to traders:
Stocks: 3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, AMAZON, ANZ BANK, APPLE, ASX, ATHENS, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, BOVESPA-F, BP, BRITISH AMERICAN TELECOM, CATERPILLAR, CHEUNG KONG, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON SE, EBAY, EXXON MOBIL, F5 NETWORKS, FACEBOOK, FAZ-SHORT BANKS, FREEPORT McMORAN, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, HUTCHISON, IBM, ING GROUP, INTEL, JAKARTA SE, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (Candy Crush), KOSPI, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MAZDA MOTOR, McDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE, RIO TINTO, RIO-AU, ROSNEFT, RTS FUTURE, RUSSELL 2000, S.BANK INDIA, SALESFORCE.COM, SANDISK, SAP, SAUDI REFINERIES, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TEL AVIV 25, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA.TA, TOPIX 100, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WEIBO, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V
Forex Currency Pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/MXN, USD/RUB, USD/TRY, USD/ZAR
Commodities: COFFEE, COPPER, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR NO. 11, WHEAT
Indices: ASX FUTURE, BOMBAY SE, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50, EURO STOXX 50 F, FTSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F. HSI, IBEX, IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NGAS FUTURE, NIFTY FUTURE, NIKKEI FUTURE, NIKKEI 225, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TNA-LONG X3, TSX 60, TZA-SHORT X3 CTG, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE
Pairs: AMAZON VS EBAY, AMAZON VS NETFLIX, APPLE VS AMAZON, APPLE VS GOOGLE, BARCLAYS VS LLOYDS BANK, BMW VS DAIMLER, CITIGROUP VS AIG, CITIGROUP VS JP MORGAN CHASE, DAX F VS FTSE F, FACEBOOK VS TWITTER, GOLD VS OIL, GOLD VS SILVER, GOOGLE VS BAIDU, GOOGLE VS FACEBOOK, LINKEDIN VS FACEBOOK, LINKEDIN VS TWITTER, MAZDA VS TOSHIBA, NASDAQ VS APPLE, NIKKEI VS SUMITOMO MITSUI, NIKKEI 225 VS TOSHIBA, RIO-AU VS BHP-AU, S&P 500 F VS NASDAQ F, SIEMENS VS E.ON, STOXX 50 F VS FTSE F, VOLKSWAGEN VS DAIMLER
Redwood offers the option of trading pairs, which pits one stock against another or one commodity against its counterpart. Not all binary options brokers offer the opportunity to invest in the price fluctuations of pairs through comparisons, which is why Redwood financial instruments may prove to be a better option for traders.
The Returns On Investments & Redwood Trading Options
The broker must be credited for offering one of the widest ranges of binary options, which help traders to invest in different options products according to their trading preferences. Redwood offers the classic high/low binary option, along with other binary options products such as pairs, long term, short term (turbo or sixty seconds), one touch, touch/no-touch, ladder, and FX/CFD options. The maximum payout for the normal binary options products is 81% for in-the-money trades, which does not seem to match the industry-spec average payout of 85%. We are indeed disappointed by the broker’s strategy of lowering the payouts, mainly because several other brokers offer payouts in the region of 95% on most binary options.
If the 81% payout does not meet your trading requirements or profit targets, Redwood offers its Ladder, Touch, and FX/CFD options that provide as much as 500% in returns. Of course, these are riskier options that do not come with a refund but can work wonders for the right trader. Traders will have to invest a minimum investment of $5 per trade to take advantage of the different Redwood binary products, while the maximum investment is limited to $5000. We rarely see brokers offering anything beyond $1500 or $2500, and $5000 is a bit too high an amount for investing in the binary options market per trade.
Redwood Online Trading Platform
Redwood offers a no-nonsense web-based trading interface that is compatible with almost all mainstream web browsers. The online trading interface may not have the advanced trading features as offered by other systems, but the Redwood platform does keep it simple and efficient. Traders get access to all the different trading options, financial assets, trading information, payouts details, and a history or all open/closed trades within the online interface.
The scalability aspect of Redwood online trading interface is indeed a boon for traders on the move, especially for those traders that use multiple systems to access their accounts. Trading on a dedicated installable platform may have its unique advantages, but online trading platforms are now gaining more popularity than standalone platforms. Traders have the freedom to access their accounts on the move and are not required to install the binary options platform on every device that they use.
Redwood Mobile Trading Apps
The Redwood online trading interface is the most preferred access point for mobile users, which seems to be a bit of a disadvantage. The company has recently launched a dedicated Redwood app for the Android operating system, but the iOS version is still in its design phase. The mobile trading apps have numerous bugs and reliability concerns, which may lead to a less than optimal user experience. It is therefore advisable for all traders to access their accounts on their device’s browser until Redwood takes care of the issues that are persistent with the Redwood mobile trading platforms.
Opening A Redwood Binary Options Account
Redwood offers its traders different choices for opening an account and trading the binary options markets. There are primarily three categories of accounts, the Beginner Account, the Educational Account, and the Advanced Account. These accounts are further categorised into different varieties that we are previously familiar with, which make us believe that Redwood might be related to another binary options broker known as Boss Capital. Nevertheless, a Redwood Beginner Account is the entry-level binary account option that requires a minimum investment of $200. The Beginner account is available for all deposits up to $5000, which makes is slightly expensive than the standard accounts offered by other brokers.
The Educational and Advanced account holders may qualify for Trading insurance, which ranges from 25% to 100% of the trading capital across the four different account categories. Advanced account users can also enjoy 3% to 5% extra payouts on binary options, which takes the total ROI to 86% for the traditional high/low binary options.
Making a payment or funding the Redwood account is a complicated matter, as the broker only supports Visa, MasterCard, and bank wire transfer. It is indeed not plausible for the company to keep its funding options limited, especially when alternative payment methods such as e-wallets and crypto currencies are proving to be the most preferred payment systems for a vast majority of the retail trading crowd. We really expect Redwood to amend its payment policies in the near future by adopting several online payment methods, failing which; the company may witness a decrease in its popularity among the retail trading crowd.
Redwood offers free credit only to its larger traders and is specially reserved for Educational and Advanced account holders. Such a move is in stark contrast to the bonus programs that are usually offered by other brokers in the industry, as brokers are known to offer insane bonuses for deposits that are worth in between $200 and $5000. The Redwood bonus starts from 50% for the Semi Educational account holders, which increases to 75% bonus for Full Educational accounts. Advanced accounts qualify for 100% bonuses on deposits, and together with the trading insurance, the company does provide one of the best promotional programs for its larger clients.
Redwood hasn’t mentioned the option of a demo account for any of its clients, but if we analyse its presumed partner Boss Capital’s demo account as a reference, Redwood offers a Demo account only for verified account holders. Traders may be required to make a deposit into their accounts, in order to qualify for a demo account. Since demo accounts are expected to be entirely free of cost, we believe that demo account should be offered to all traders without any limitations. However, we have seen in the past that several binary options brokers have completely done away with a demo account, which makes the Redwood demo account seem like a bargain.
Redwood Customer Support Channels
Redwood has an efficient customer service department that offers much-needed support to traders. There are a few minor issues with the actual customer service experience, but overall, we can confirm that the broker has indeed paid attention towards dealing with its clients through a professional approach. The broker has offered a live chat feature, a web contact form, and email addresses to address clients’ requirements. We surely miss the option of a direct phone number, but the company has provided a verifiable physical address for direct interaction if required.
Redwood Knowledge Base & Training
Redwood is another one of the very few binary options brokers that offer an excellent training program for its clients. Although the broker hasn’t opened up its entire suite of trading resources for smaller traders, traders that are able to make a significant deposit will be able to enjoy a highly comprehensive binary options training and educational program. Redwood also provides dedicated account managers, periodic webinars, and other trading resources that are guaranteed to educate traders about the finer aspects of binary options trading.
Redwood Options Verdict
- Excellent Bonus for higher deposits.
- Trading insurance makes it easy to enjoy risk-free trades.
- A comprehensive array of financial instruments.
- Higher payouts for some options.
- A huge choice of binary options products.
- A large resource of training and trading materials.
- The regulation and licensing information is not desirable.
- No free demo account for any users.
- Absence of mobile trading app for iOS.
- Mobile trading apps not as efficient as the desktop trading platform.
How To Trade Binary Options At Redwood?
It is incredibly easy for traders to open an account and trade at Redwood. All you need is an email address, credit/debit card or bank account, and identifying documents to prove your identity. The account can be opened within minutes, and you can start trading as soon as you fund your account.
What Are The Minimum Deposit & Minimum Trade Amounts?
The minimum deposit requirement is $200, but traders can start trading by investing as little as $5.
Is Redwood Regulated?
No, Redwood is not a regulated binary options broker.
Do I Get Access To Mobile Trading Apps?
Currently, a mobile trading app is only available for Android, and the iOS version is still in development. Traders can access their accounts on a mobile platform through the Redwood web trader interface.
Binary Options Reports
Redwood Options Review
Redwood Options Review
Redwood options is a fantastic new binary options broker powered by the Spotoption trading platform. Redwood offers 60 second options, up to 81% return on investments on standard digital options, and as much as 650% on one touch.
Secure Trading Environment:
This broker offers one of the safest trading arenas available online today for binary options traders. This is clearly seen when you complete the registration and a verification email arrives asking you to verify a few details. Immediately after that I received a phone call from the security staff asking me questions related to my identity like where I live and if I was the person who actually registered for the service. Finally, looking at the cashier it’s plain to see that it has a 128 SSL encryption layer which is pretty much the industry norm.
Registration was as very simple process that required me to fill in my details starting with my name and email and then my current address. I was also required to choose a password, which then allowed me to log in to my account.
Minimum Deposit and Trade
The minimum deposit amount available on Redwood Options is $/€/£ 200 and smallest possible trade you can execute stands at $/€/£10.
The asset index contains a wide variety of of stocks, commodities, indices, and Forex currency pairs you may expect. However, unlike other brokers it is displayed in a very easy and intuitive way. Some of the more popular assets include EUR/USD, AUD/ USD, USD/GBP, Gold, Silver, S&P 500, DAX, FTSE, GOOG, APPL, and more.
Bonuses, Promotions, and Incentives
Redwood offers an attractive first deposit bonus of up to 50% depending on your initial purchase amount. Additionally, paying customers also qualify for daily cash back bonuses offered on losing trades.
VIP’s Get More
Junior Member: Receive up to 20% welcome bonus.
Executive Member: Receive up to 40% in bonus cash.
Being a Redwood Options VIP means you qualify to get daily market analysis and reviews sent to your email. You also get a special educational E-book, a beginners guide to candlestick charting, a dedicated account manager depending on your skill level, video academy membership, risk management training and guidance, risk-free trades, and access to pro traders trading strategies.
Demo mode is not available on Redwood, however they do offer a trading simulator and 2 risk free trades for depositing traders only.
Training and Instructional Material:
This broker goes out of his way to make sure you have free access to all the educational material you can dream of including trading strategies, private consultations by dedicated account managers and analysts, and free webinars designed to gain you the necessary skills and make you a successful trader.
Trading Features and Types:
- Binary (Digital) Options: The usual up/down or above/below options where all you would need to do is guess the direction of the trend. If your underlying asset’s contract expires in the money, you would have a winning trade and proceed to withdraw if you met the bonus trading requirements.
- Option Builder: More suitable for the experienced trader, Options Builder allows you to customize your trading on the fly. How does it work? Simply select a contract, and an expiry time. Then you continue to choose your asset’s asset risk VS profit ratio, and how much you would like to invest. Option builder is all about empowering traders by allowing them the amazing flexibility only a top tier platform like Spotoption can offer.
- One Touch: This feature offers amazingly high payouts of up to 600%. Traders would need to buy shares not at market rates, which makes this extremely risky. The way it works is like this, if the price you choose is equal to or above a call option you win. Alternatively, if it falls below on the put option’s sale price, you also expire “in the money”. On the downside, all other scenarios mean you lose or expire “out of the money”, and this happens when you don’t reach the goal rate. One touch is not available for trading on weekends and even during regular trading hours its not available at all times.
- 60 Seconds (Including 15 and 30 Minute Contracts): 60 second options are also referred to as Turbo trading in the Tradologic-powered brokers. Basically we are talking about very short-term contract expiration times, and these have become the trade mark of the binary options industry with traders specifically looking for this feature.
- Open Platform: View your trading environment in full screen mode start getting access to real time performance indicators provided by other traders. This is as close to social trading as it gets, since you can actually see the win/loss ratio achieved by member traders in the community.
Most User Friendly Platform:
Redwood Options operates on the Spotoption platform, probably the best one available today for binary options traders wanting to invest. Rivaled only by Tech Financials and to a certain degree by Tradologic, this software is hailed by amateurs as well as professional traders to be the most accurate and fairest.
Mobile Trading: This broker does not offer mobile trading. So if you are looking to trade using your Iphone (IOS), Android, tablet, or Ipad, you will need to trade with Ubinary or Traderush.
Cashier: The banking section of the software offers a variety of depositing options such as Visa, Mastercard, Amex (American Express), Moneybookers, Cashu, and Maestro. Additionally, various debit and prepaid cards such as Visa Electron are also accepted. Paypal and Neteller are not accepted by Redwood.
Conclusions and Recommendations: Overall, this broker offers an amazingly user-friendly and professional trading platform. The customer service is impeccable and withdrawing money was never easier for me after I sent in my documentation. Granted, this formality is a bit tedious however it is only done once. This excludes Redwood from the scam category.
On the downside, Redwood does not offer a demo account and no signal service. Additionally, it is limited to English speaking traders only. So if you are from the USA, Canada, United Kingdom, Australia, New Zealand, or Singapore, its easy sailing. Traders from France, Germany, Italy or Spain will need to open an account with a regulated CySec broker such as Anyoption.
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now!
Only For Experienced Traders!