Redwood Options | Binary Options Brokers

Redwood Options Review

Redwood Options
Up-to 100% Welcome Bonus
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Overview

Looking briefly at the review, it is clear that the Redwood Options promise outstanding trading options and flawless service. We figured that design and layout seem really up-to-the-minute and brilliant…

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Details

Broker Redwood Options
Website URL http://www.redwoodoptions.com
Founded 2013
Headquarters 1A, Arcade House Temple Fortune, NW11 7TL London, United Kingdom
Support Number 0 800 520 0936
Support Types e-Mail , Live-Chat , Phone , Toll-Free Phone , e-Mail Form
Languages English , Portuguese
Trading Platform SpotOption
Minimum 1st Deposit $200
Minimum Trade Amount $10
Maximum Trade Amount $5,000
Bonus Up-to 100% Welcome Bonus
Payout 81%
Free Demo Account No
Account Types Mini , Executive , Gold
Deposit Methods VISA , MasterCard , Maestro , SWITCH , SOLO , Delta , American Express , Diners Club , NETELLER , CashU , Bank Wire Transfer
Withdrawal Methods VISA , MasterCard , Maestro , SWITCH , SOLO , Delta , American Express , Diners Club , NETELLER , CashU , Bank Wire Transfer
Trading Methods Browser , Mobile
Number of Assets 144
Expiry Times 60 sec , 15 Min , 30 Min , 1 Hr , 24 Hr+ , End of Day , End of Week
Types of Assets Stocks , Currencies , Commodities , Indices
Option Types Binary Options , Pairs , Long Term , Sixty Seconds , One Touch , Ladder , iFollow
Trading Currency USD , EUR , AUD , CAD , GBP , JPY , RUB
Account Currency USD , EUR , AUD , CAD , GBP , JPY , RUB
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.6

Screenshots

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Pros

  • User Friendly Site
  • Rich # of Assets
  • Belongs to a Reputed Group
  • Free Market Reviews
  • Comprehensive Educational Stuff

Cons

  • Not Regulated
  • No Demo Account
  • Limited # of Language Alternatives

Full Review

Looking briefly at the review, it is clear that the Redwood Options promise outstanding trading options and flawless service. We figured that design and layout seem really up-to-the-minute and brilliant in our review of Redwood Options. All that exists is straight forward binary options trading and no such thing as “noise”. Our Redwood Options review below contains more information about the “FBO Best US Broker” in 2013. We have continuously been updating the Redwood Options review to show that US customers are not accepted by this broker.

Special Features

You are offered three distinct bonuses at the time of deposit. However, it is not something everybody goes for as it imposes limitations to your account. You become subject to a minimum wager requirement due to the bonus money you receive. It is significant to understand that real money bonuses require wagering whilst developing a Redwood Options Review.

  • Redwood Options Mini: Deposit $200 – $999 = 30% bonus, free phone and live chat support with daily market reviews.
  • Redwood Options Executive: Deposit $1,000 – $4,999 = 70% bonus, expedited withdrawals, with one account manager and a risk-free trade!
  • Redwood Options Gold: Deposit $5,000 – $10,000 = 100% bonus, a senior account manager, same day withdrawals, money management training, trading strategies and advanced portfolio structure with five risk-free trades!

The amount you trade can be as low as $5 on the “60 Seconds” options which lead to a downfall in the industry standards. If requested, you may also get a free e-book so you can learn all about binary options trading.

One of the greatest features in our Redwood Options review is that the Redwood Options offer 10% cash back on all lost trades!

 

Redwood Trading Software & Assets

The entire trading process in the Redwood Options platform is a hundred percent online and no downloads are required. Redwood Options uses the well-known Spot Option software which is user-friendly and does not require any trading experience at all. Whilst trading with regular binary options, you can choose from either call or put (up or down). Besides, there are two extra features namely “Rollover” and “Double Up”.

The “double up” feature helps you entirely re-do an investment, just in case anything with your current investment goes wrong. You receive a substitute trade that possesses similar conditions and prices. This will help you double up your potential profits and your investment.

It would be best to use the rollover tool in case you don’t wish to have a lot of exposure in the start of your Redwood Options review and trading. If you believe things are not going as planned, you could extend the time frame at any time for an additional 30% of the investment. Therefore, if you are making a binary trade of $100, you could roll over to an extended expiry time for $30 more.

This is something that cannot be done with the End of Day Options Trading. We saw that with the help of Option Builder at Redwood Options trading platform, it becomes possible to buy options at 10%/80% which means if you predict the correct trend, you earn 10% while if wrong, you earn 80%, which together becomes 90%! It is obvious that you would reverse the plans and invest contrary to what you actually want to happen.

Redwood Options Support and Services

Redwood Options possesses an excellent Live-Chat feature. It may not be the fastest in the industry but it does exist and with only a few minutes of waiting, you get the help you require. You are sure to experience a top quality service at Redwood Options, given the pace at which it has been improving over the years.

You get a personal account manager once you complete your registration process with Redwood Options. He gives you a call and gives you an idea of how depositing and trading work with Redwood.

We would suggest you, James Briggs, as he seems like a really friendly account manager, something we witnessed in our Redwood Options review of the business and platform in general.

Redwood Options Deposits and Withdrawals

Currently, Redwood Options do not possess the Moneybookers feature (April 2013). Alternatives to deposit would be to use the bank wire or the credit card feature. Deposits made through credit cards are free but you will be charged $25 up on withdrawals if you go for bank wire.

The Redwood Options ask for a utility bill and a scanned ID with the photo for identification purposes. This is to make sure everything goes in compliance with the international banking laws from 2001 to avoid money laundering or frauds.

You will need to scan this in case you go for the credit card deposit on Redwood Options, however, for security reasons, you are recommended to cross out 4 out of the 12 digits this way: 1234 – 1234 – xxxx – 1234.

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Paul Graber

I was born in Manchester in 1967. I am an Economist with a Ph.D. degree. I have been working in the financial trading industry as a professional since 2003. I am a fan of Manchester United team. I am married and have a little princess.

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