Redwood Options Broker Review

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Redwood Options

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Redwood Archive Review

Redwood options offers one of the most lucrative bonus structure in the industry with bonus offers as high as 100%, all in accordance to your investment amount. On top of amazing cash bonuses redwood options offers special personal training by a market analyst with trading strategies and personal consultation

Trading account

Opening an account is very simple and super quick. All you need to do is to go to their home page and fill out your info. Once you finished the quick form you will transfer automatically to fund your account and start trading. Redwood options offer 3 types of investments accounts all with personal assistance and special, personal strategy training.

Red wood options is a spot option web based platform and as such is highly reliable and easily accessible from anywhere in the world.

Redwood offers several option contracts and different markets for both experienced and novice traders to capitalize on; Mainstream call/put options ranging from 15 minutes through daily, weekly and monthly options. Extreme touch options with potential returns of up to 550%!

Super fast super profitable 60 seconds contracts as well as a custom contracts builder.

Platform features

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  • Over 100 underline assets- over 10 currency pairs!
  • 4 different global markets- including major US traded stocks
  • Returns of up to 85%!
  • Daily market reviews
  • Very high exposure limit- up to $5,000 with no limit on number of positions.
  • Most competitive bonus offers in the industry.
  • Traders can open accounts in Euros, British Pounds, US Dollars, CAD and AUD.
  • You can fund your account using any major credit card in addition to wire and cashU options.

Customer solutions

Redwood options offer 24/5 support via live chat, mail and toll free phone numbers.

Their customer support personal are very kind and would be able to also forward your address to different departments in the company. At the moment redwood options only supports English speakers.

Is Redwood Options a Scam?

Redwood Options is among the newest entrants in the binary options trading industry. They make use of the SpotOption trading platform that is extremely popular in the industry and is being used by top brokerages such as TradeRush. They offer an attractive payout of about 80% on your investments and provide excellent bonuses to help you take advantage of high payouts from binary options. They provide excellent educational services to all the traders, so that the latter can make sound trading decisions. Redwood Options also offers excellent withdrawal schemes. They do not charge for withdrawals via credit cards while also providing payment gateways to ensure safe transactions on the platform.

Final Word

Redwood Options is a young and vibrant company that’s already making waves in the industry with their special bonus offers and training strategies. We should see great things from these guys in the near future.

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

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.

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.

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.

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.

  • Beneficial trading academy
  • Dedicated support team
  • Free market analysis
  • High returns
  • Low minimum trading amount
  • Real time trading
  • Reliable trading platform
  • 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: 2020

Accepts US Clients: Yes

Phone number: 1-800-986-6750

Email: [email protected]

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?

  • email
  • 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:

Redwood Options is one of the top 50 Binary Options Brokers products

If you are considering Redwood Options it might also be a good idea to check out other subcategories of Binary Options Brokers collected in our database of SaaS software reviews.

It’s crucial to realize that almost no service in the Binary Options Brokers category is going to be a perfect solution that can match all the goals of various investors. It may be a good idea to read a few Redwood Options reviews first as certain solutions can actually dominate exclusively in a specific geography or situation or be designed with a really specific customer in mind. Others can operate with a goal of being simple and intuitive and consequently lack advanced functionalities needed by more experienced users. You can also come across services that support a wide group of customers and provide a complex feature toolbox, however this usually comes at a more expensive price of such a service. Ensure you’re aware of your needs so that you purchase a service that provides specifically the elements you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Redwood Options reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Redwood Options. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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.

Company Information

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.

Assets Available

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.

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.

Verdict

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.

Pros:

  • 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.

Cons:

  • 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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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