RedWood Options Review
Up to 100%
Although a newcomer to the industry, Redwood have made a name for themselves in the excellent client service and exceptional trading options. They have spread their services worldwide and are one of the few brokers that still accept US traders.Read Full Review
|Support Number||Local Rate Number|
|Support Types||Address, Email, Telephone, Chat|
|Minimum 1st Deposit||$200.00|
|Minimum Account Size||$200.00|
|Minimum Trade Amount||$5.00|
|Maximum Trade Amount||$5,000.00|
|Bonus||Up to 100%|
|Payout||Up to 81%|
|Free Demo Account|
|Account Types||Mini , Executive , Gold ,|
|Deposit Methods||CC, Wire, Moneybookers, Neteller, CashU|
|Withdrawal Methods||CC, Wire, Moneybookers, Neteller, CashU|
|Trading Methods||60 sec, One touch, Ladder, Trader's choice, History graphs, Buy out|
|Number of Assets||Over 150|
|Expiry Times||60 sec, 2 min, 5 min|
|Types of Assets||Stocks, Currencies, Commodities, Indicies|
|Option Types||60 sec, One touch|
|Trading Currency||USD, EUR, GBP, CAD, JPY, RUB, AUD|
|Account Currency||USD, EUR, GBP, CAD, JPY, RUB, AUD|
|US Traders Allowed|
- Good Trading Features
- Customer Support
- Refer a Friend
- Serves Only English market
Although a newcomer to the industry, Redwood have made a name for themselves in the excellent client service and exceptional trading options, both of which you will experience once you register an account with them. Established in 2013, off the Southern coast of Spain, is where you will find their base in Gibraltar. The broker is operated by the holding company Blue Sky Solutions, made up of industry professionals with hands on experience in the fields of Forex trading, derivatives and risk management amongst them.
They have spread their services worldwide and are one of the few brokers that still accept US traders.
Trading Platform and Features
In the industry of binary options, SpotOption is known for their advantageous tools that are unique to this platform. We start with the Follow Feature, an innovative tool for traders making good investment decisions based on the mimicking of expert traders. You are always in control, you decide who you wish to follow, and you set and amount as well as a time in which to follow the expert. The Follow Feature, has many benefits for traders. The traders must select the contract size, then set their Stop Loss, Take Profit, directions and position for the trade to begin. All profits and losses are fixed. The benefit of this is that even with enormous devaluation of an asset, the potential movement of a traders investment remains fixed. Refer a friend, is a rewards tool offered to any existing trader who is willing to share and invite friends or family members to join the platform and start trading. For a minimum deposit of $200.00 from every referral, you earn an easy $50.00 and there are no limits.
With over 150 tradable assets and a variety of expiries varying from 60 seconds to 6 months, this web-based platform is extremely easy to operate and is a proven and a popular choice among other trading platforms. The platform is also compatible with iPhone and Android applications.
Trading Accounts and Payouts
The platform offers investors up to 81% return on your investment when profits are made, and if you happen to be out-of-the-money, investors do qualify for a 10% return, and so you are not left empty handed.
There are 3 trading accounts that cater to three capability levels:
- Mini Account: With a minimum deposit between $200 and $999 traders will receive a 30% bonus. Traders also qualify to receive daily market reviews with phone and live chat support 24 hours a day six days a week.
- Executive Account: When you deposit between a minimum of $1000 and $4999 the advanced traders qualify for a 70% bonus. Included in the package is priority when requesting a withdrawal, a personal account manager is allocated to you as well as a risk-free trade.
- Gold Account: For the proficient trader on deposit of $5000+ you are rewarded a 100% bonus, privy to same day withdrawals, senior account manager to assist you when you need. You also receive weekly trading strategies, training on money management as well as five risk free trades. Also offered by Redwood which is not offered by many other broker is a minimum trade of as little as $5.00 on the 60 seconds options.
Deposits and withdrawals can safely be made via bank wire, Neteller credit and debit cards. While Moneybookers is not yet an option they do offer cashU and other e-wallet option. Deposits are accepted in most currencies USD, EUR, GBP, CAD, JPY, RUB and AUD. Identification verification will be required on opening your trading account as per stipulated in the banking law.
The friendly support staff and personal account managers are an added advantage to this broker, all staff are equipped with English as the language of choice. The service is available on e-mail, live chat as well as by phone. The staff are on standby 24/6 and available on local telephone numbers listed on the site. On request you can get a free e-book and learn more about binary options trading.
Why Trade With Redwood?
Although a newcomer, they are fast catching up to the market leaders with platform features that offer investors advantageous means of profiting, thoughtful navigation, remarkable financial tools and customer service excellence, deserving and worth a try.