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Redwood Options Review
Trading Platform Redwood Options
Redwood uses the SpotOption trading platform, a widely used and popular trading platform employed by the majority of online binary brokers due to its simplicity and effectiveness.
The platform is 100% web based, so software downloads are not required. You don’t need any previous trading experience as the platform has a user-friendly interface. You can make use of exclusive educational tools such as a free binary options e-book, live daily webinars, and video academy.
You can choose from a vast selection of assets to trade, including stocks, indices, commodities, and currencies. The platform’s trading modules are top of their class in the online trading market. This broker uses up to date and sophisticated technologies to ensure your security and satisfaction.
The SpotOption trading platform has the following unique features:
- Rollover
- Double Up
- Open Platform Mode – which allow traders to access the “Buy Me Out” feature
Strategy Advisor
This one of the latest binary options trading tools. This tool allows a trader to choose from three different analytic strategies and use them for further insight into the behavior of different assets. The three strategies are the Relative Strength Index (RSI), the Moving Average, and the Bollinger Bands strategy.
Follow Feature
The Follow Feature enables users to track the actions of leading traders and mimic them. After selecting successful traders to follow, the user then has the opportunity to imitate the actions of these traders based on their own personal specifications. The Follow Feature is an innovative tool that helps traders make successful investments.
Forex Feature
Redwood Options has recently implemented forex capabilities, permitting forex-type investments with a binary options designed strategy. This provides users with increased flexibility when making a trade, ultimately allowing them to increase their chances of making a profit.
Ladder Options
For experienced binary options traders, Ladder Options are a great addition to a trading strategy. They allow users to work even more in depth with options they are trading by predicting numerous strike points an option might hit.
Pros
- Beneficial trading academy
- Dedicated support team
- Free market analysis
- High returns
- Low minimum trading amount
- Real time trading
- Reliable trading platform
Cons
- Conflicting info on website
- High minimum amount for wire transfer ($500)
- Lengthy withdrawal time (3 + 7 Days)
Platform type: SpotOption
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Arabic, Dutch, Swedish
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Company information Redwood Options
Located in: London, United Kingdom
Website: https://www.redwoodoptions.com
Founded in: 2013
Accepts US Clients: Yes
Phone number: 1-800-986-6750
Email: support@redwoodoptions.com
Account Options Redwood Options
Commission:
Minimum Deposit: $200
Payouts Percentage: 81%
Deposit Options: Webmoney, Credit Card, Debit Card, Bank Wire Transfer
Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer
Payout Ratios: Redwood Options offers payout up to 81%.
Available Assets Redwood Options
Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
Customer Support Languages: English, Spanish, German, French, Russian, Japanese, Arabic, Swedish
Customer Service Hours: Redwood offers phone, email, and live chat support.
Place Trades Over the Phone?: No
Redwood Options Trade types
Redwood offers the following trade types:
- 60 Second Options
- Classic Up/Down Binaries
- One Touch Options
- Option Builder
Redwood Options Trade accounts
Mini Trading Account – €500
- 25% bonus
- Starter webinars
- Educational videos
- Digital online e-book
Starter Trading Account – €1000
- 30% bonus
- Starter webinars
- Educational videos
- Digital online e-book
- Market reviews via email
Silver Trading Account – €5000
- 50% bonus
- 1 risk free trade
- Starter webinars
- Educational videos
- Digital online e-book
- Market reviews via email
- Account manager
- 1 academy session
- 1 VIP webinar
Gold Trading Account – €10,000
- 75% bonus
- 1 risk free trade
- 3 guaranteed profit trades
- Starter webinars
- Educational videos
- Digital online e-book
- Market reviews via email
- Account manager
- 2 academy sessions
- 1 VIP webinar
- Optional tablet
Platinum Trading Account – €25,000
- 100% bonus
- 3 risk free trades
- 5 guaranteed profit trades
- Starter webinars
- Educational videos
- Digital online e-book
- Market reviews via email
- Account manager
- 5 academy sessions
- 2 VIP webinar
- Optional tablet
- Same day withdrawal approval
Pls note: Risk free trade is up to 50% of the deposit.
Redwood Options Position In Our Categories
Position of Redwood Options in our main categories:
TOP
50
Redwood Options is one of the top 50 Binary Options Brokers products
If you are considering Redwood Options it could also be beneficial to analyze other subcategories of Binary Options Brokers gathered in our base of SaaS software reviews.
It's important to keep in mind that almost no service in the Binary Options Brokers category is going to be an ideal solution able to meet all the needs of all investors. It may be a good idea to read a few Redwood Options reviews first as some solutions might actually dominate just in a specific geography or situation or be designed with a really specific customer in mind. Others might operate with an intention of being simple and intuitive and as a result lack complicated functions desired by more experienced users. You can also come across services that focus on a wide group of customers and give you a rich feature set, however this usually comes at a higher cost of such a solution. Be certain that you're aware of your requirements so that you pick a service that offers exactly the functionalities you look for.
User Satisfaction
Positive Social Media Mentions
105
Negative Social Media Mentions
1
We are aware that when you make a decision to purchase a Binary Options Brokers it’s important not only to find out how professionals score it in their reviews, but also to discover if the actual clients and companies that purchased this software are indeed happy with the service. That’s why we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Redwood Options reviews across a broad array of social media sites. The data is then displayed in an easy to digest form indicating how many users had positive and negative experience with Redwood Options. With that information at your disposal you should be equipped to make an informed purchasing choice that you won’t regret.
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Minimal deposit:
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What Bonus Does Redwood Options Offer?
No Deposit Bonus:
No
Bonus for First Deposit:
No
Is the Bonus Based on
the Volume of the Transaction?:
No
Other Bonuses:
No
Apart from the bonuses for each of the account types, Redwood Options also offers a Refer a Friend bonus. Users can refer friends to this broker instantly via a specialized link or Facebook post (referrals by emails are also accepted). Once the friend makes a $200 deposit, both the referrer and referee receive a $50 bonus. There is no limit – the more friends you refer, the more bonuses you will receive.
Reliability of Redwood Options
Launched in 2013, Redwood is one of the few brokers in the binary trading business to accept clients from the North America region, including the United States and Canada. Despite it being a newcomer, many traders have chosen Redwood for its lucrative terms. That being said, this particular broker is not regulated by any governing body. Still, Redwood has been excelling in terms of operational reliability, something traders look at when gauging a broker that is still in its infancy.
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