Redwood Options is the newest kid in the block, having been established in 2013. This web based binary options broker which is based in Anguilla is already proving to be ‘cut above the rest’, as it offers a large range of features attracting both novice and well experienced traders.
Redwood Options has one of the best bonus programs in the industry and traders can earn a bonus of up to 100 percent on their investment amount. In addition to that great provision, there are other rewards for traders: these include personal consultation and personalized training facilitated by market specialists.
There is no doubt that Redwood Options is out to grab its market share strongly and as you will see below, it has not compromised on the quality of its platform.
Redwood Options General Information
- Some of the things you may need to know about the broker are listed below.
- Trading Markets: Indices, Forex, Commodities and Stocks
- Currencies: US Dollar, British Pound, Euro, Australian Dollar, Canadian Dollar, Japanese Yen
- Account Funding: MasterCard, Visa, Maestro, CashU and Wire Transfer
Opening a trading account with Redwood Options is a straightforward process. You will need to select your preferred trading currency, which will be the only currency that you can trade in. The minimum amount you can deposit into your Redwood Options account is $200/£200 or 20,000 Japanese Yen. There is the chance that you can gain a 100 percent bonus on your initial deposit, and this is certainly something that entices many traders.
The maximum deposit amount is subject to the deposit method that the trader is using. With wire transfers, there are no limits. However if you are depositing using your credit card, the deposit amount is $5000. If you are looking to cash out, the minimum withdrawal amount has been set at $100. You may need to find out the minimum withdrawal amount for other currencies.
Redwood Options Features
When it comes to binary trading options, Redwood Options does not disappoint one bit.
- Traders have the following options:
- 60 Second Trading – The fastest form of trading available
- One Touch – A nice way to trade the markets.
- Option Builder – This allows you to create your own setup on a daily basis
- Open Platform – You have many ways to trade with this Spot Option Broker
- Free Demo Account – After you get signed up you can request a binary options demo account. Get a Demo Here.
Many traders are looking for platforms providing the 60 Second Trading and One Touch options. While these options may look similar across different brokers, Redwood Options stands out with their Open Platform. This Open Platform allows traders to view the trading platform holistically by incorporating insights on the trades of other traders.
In other words, Redwood Options have created a social binary options environment. Option Builder is a great addition to their features: this is because it gives traders the opportunity to customize trades. Traders can select the contract type that they want along with the amount they wish to invest, the asset, expiry time and risk vs. profit ratio.
You can easily tell that Redwood Options seeks to provide users with a pleasant trading experience just by looking at the resources they have provided. There are various supportive tools which give traders daily and weekly updates in the various assets and markets. The returns on investment are great and the profits average between 70 percent and 75 percent.
This could go up to 81 percent. When it comes to customer service, the Redwood Options team is friendly and quite helpful. However, it is not the most helpful to non-English speaking nationalities, as it’s only available in English. Another downside to Redwood Options is that they do not have a dedicated mobile app. That said; there is no doubt that this is a broker to watch out for as they have some of the best features in the industry.