Redwood Options Binary Options Broker Review

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Redwood Options Review

This broker is closed. Trade with IQOption instead.

Present in binary options industry since 2020, Redwood Options is considered to be a trustworthy broker who offers safe trading platform with a variety of trading instruments and services. Read our Redwood Options review to know more about this broker and features offered to their registered traders worldwide.

To deposit with Redwood Options, minimum amount is $200. For bank wire transfer, minimum deposit amount is $500. Maximum return is 81% and maximum bonus is set to $10000. With this broker, traders can deposit through many available currencies: USD, EUR, CAD, GBP, JPY and AUD.

Minimum investment with Redwood Options is $10 and maximum investment $5000. Traders around the world are allowed to trade binary options with this brokers and that includes US traders also.

Redwood Options Trading Platform

As its software, Redwood Options uses SpotOption, a simple and easy to use where traders shouldn’t have any difficulties while trading. Traders can use a variety of different tools and services that this broker provides. Available trade options with Redwood Options are: High/Low, One Touch, Pair Options, Meta Charts and Option Builder.

To be able to trade on these options, different expiry times are on trader’s disposal. Traders worldwide can trade on 60 seconds, 15 minutes, 30 minutes, 1 hr, 24 hr +, end of day and end of week.

When we mention assets, there are more than 150 different underlying asset types. This broker has one of the largest asset index in binary options industry. Traders can choose among stocks, currencies, commodities and indices for them to achieve high payouts in the trading process.

Redwood Options offers to its traders a possibility to use mobile app for profitable binary options trading process, as we noticed in Redwood Options review. Mobile trading is very popular and widespread among traders worldwide. This is because of its many advantages, such as trading on the go.

There is no need to always sit in front of the computer for binary options trading to happen. Now, traders can go anywhere and use their smartphones and ipads as well. Traders can get Redwood mobile app from Apple Store and Google Play and start trading binary options.

Strategy Advisory Feature

Traders can use several different trading feature, available on Redwood Options platform. One of three useful trading features is Strategy Advisory. This is a new binary options tool that allows traders to choose from analytic strategies and use them to have a better understanding of underlying assets.

Available strategies for this trading tool is Relative Strength Index (RSI), Bollinger Band strategy and Moving Average.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Refer a Friend Feature

A popular trading tool that Redwood Options implemented on its platform is Refer a Friend. This tool awards traders if they refer a friend to join Redwood Options platform and start trading binary options. Once when a friend deposits with this broker, you will receive a $50 bonus on your trading account as a reward.

Follow Feature

All traders want to be successful in trading binary options and maximize their profit by using multiple trading tools and strategies. To enable traders to have a positive and profitable binary experience, Redwood Options has developed a new brand that can assist trader to follow the actions of leading traders in the industry.

So when trader chooses a list of experienced traders to track, then it is possible to imitate their actions. Traders worldwide can choose amount time they wish to spend on one professional trader and then switch on another and also a maximum investment limit in trading process.

Redwood Options Account Types

With Redwood Options, it is possible to trade binary options with 7 available accounts. These account types differ one from another by a range of services, tools and of course, deposit amount. Account types are: Bronze, Silver, Gold, Platinum, Diamond, Corporate and Premium Managed Account.

Redwood Options Bronze Account

  • minimum deposit $1000
  • up to 50% welcome bonus
  • 1 trading strategy
  • exclusive trading instruments and webinars
  • market reviews on daily basis

Redwood Options Silver Account

  • minimum deposit $5000
  • up to 60% welcome bonus or 3 risk free trades
  • 3 trading strategy
  • exclusive trading instruments and webinars
  • trading signals
  • Senior Manager
  • fast withdrawals
  • market reviews on daily basis
  • 1 profit trade

Redwood Options Gold Account

  • minimum deposit $10000
  • up to 100% welcome bonus or 5 risk free trades
  • 5 trading strategies
  • direct contact with Senior Manager
  • trading signals and indicators
  • fast withdrawals
  • 2 profit trade
  • access to binary trading groups

Redwood Options Platinum Account

  • minimum deposit $25000
  • up to 150% welcome bonus or 8 risk free trades
  • 8 trading strategies
  • direct contact with Senior Manager
  • trading signals and indicators
  • withdrawals on the same day
  • 5 profit trade
  • access to daily binary trading groups
  • 2% more payouts on all assets

Redwood Options Diamond Account

  • minimum deposit $50000
  • up to 150% welcome bonus or 8 risk free trades
  • advanced chart analysis
  • VIP Academy
  • access to Corporate Manager
  • access to Senior Manager
  • withdrawals on the same day
  • exclusive trading webinars
  • trading signals and indicators
  • access to daily trading groups
  • 8 profit trades
  • 3% more payouts on all assets

Redwood Options Corporate Account

  • minimum deposit $100000
  • up to 150% welcome bonus or 8 risk free trades
  • advanced binary options trading
  • VIP Academy
  • access to Corporate Manager
  • access to Senior Manager
  • withdrawals on the same day
  • exclusive trading webinars
  • trading signals and indicators
  • access to daily trading groups
  • 10 profit trades
  • 5% more payouts on all assets

Redwood Options Managed Account

  • for further information, contact your Account Manager

Redwood Options Customer Support

Customer support system is really good with this broker. Redwood Options offers a possibility to contact them through email, live chat or via telephone for several countries. Email communication is available on [email protected] and for tehnical assistance on [email protected] .

On platform, traders can use excellent Educational Centre where they can find useful information, such as different courses, webinars, video tutorials and ebook. All these tools can be of great help, especially if you are a trader beginner who still do not have enough trading knowledge or experience in binary options trading.

Also, traders worldwide can use FAQ section to find answers if they have queries regarding trading process. FAQ is sorted in five categories for better clarity: support, platform, open account, deposit and trading.

As for now, as we seen in Redwood Options review, this broker offers platform only on English. Since they have traders from around the world, perhaps a multilingual platform could be useful.

Redwood Options Banking and Company

Depositing and withdrawing are the most important elements in binary options trading. They provide security for traders because if everything goes correctly, they know that this a reliable broker who keeps their funds safe on a trading platform.

Minimum deposit amount with Redwood Options is $200 and maximum is $20000, in case of credit card deposit method. If trader choose to make deposit through bank wire, minimum amount is $500 and maximum amount is unlimited.

For wire transfer, traders have to send a copy of bank wire transfer on email [email protected] and it can last up to 5-7 days for money to be visible on your trading account.

For withdrawing process, procedure is also protected because of the high security level. First, traders have to submit few documents to confirm personal authorization (photo ID, copy of address and in case of card payment, a copy of credit card with covered digits and only visible signature).

Minimum withdrawal amount is $100. Redwood Options enables traders worldwide to deposit and withdraw funds on several different payment options. It is possible to make transactions via multiple debit and credit cards, like Maestro, Mastercard, Visa, Diners Club, American Express, Delta, Switch and Solo. Also, bank wire and e-wallets (WebMoney, Neteller and CashU) are also available.

Real reviews of Redwood Options 2020

СОДЕРЖАНИЕ

Broker review Redwood Options

This company is added to the Blaсklist of brokers

“Redwood Options” company, whose rating is quite high, offers its clients to work with highly-profitable BO trading instruments. Many investors often turn to the binary options trading during the volatile period on the market.

“Redwood Options” broker, reviews about which can be found on many Forex-resources, offers the following trading conditions:

  • Web-platform that requires no preliminary installation on PC;
  • Minimum requirements for the traders’ experience;
  • Well-designed interface and top-quality educational program;
  • Wide range of trading assets, including stocks, indices and currencies.

The trading modules this broker presents are extremely productive and apply the most advanced technologies to ensure the security of trading transactions. The rating of “Redwood Options” company is the most essential component for effective business development, so this company ensures round-the-clock access to the binary options trading. To perform a productive analysis, this company presents the most accurate data and technologies that will ensure the best trading conditions and bring more comfort to the whole trading process.

Reviews about “Redwood Options” are pretty important for this company, so it always offers only the latest news analytics by Thomson Reuters. The broker’s team consists of experienced specialists who know what they are doing. Apart from that, “Redwood Options” broker provides its risk management services for the payment processing, and gives consultations on the provisions of the international financial legislation. These services have already been discussed in numerous positive reviews submitted by traders. Beyond that, “Redwood Options” company offers some educational services that allow traders to learn more about the binary options trading and improve their skills.

Noteworthy features among the offered instruments are trading advisors, trading diagrams and many other instruments that can significantly increase the comfort of trading.

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

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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