Redwood Binary Options Broker Review
Pros
- Good variety of options
- Excellent payout rates
- There is a trading academy
- Low deposit minimum (only $200)
- 10% rebate on out-of-the-money trades
- High deposit bonus
- Free market analysis software
- The deposit bonus is up to 100%
- Small minimum trading amount, 60 second options
- USER'S RATING:
Cons
- Customer service sometime slow
- The withdrawal time is too long
We will provide all the necessary information for traders about RedWood Binary Options Broker Reviews such as: RedWood trading reviews, RedWood customer reviews, RedWood trading platform reviews. Is this broker suitable for your need? Let’s read this RedWood broker review before making decision.
RedWood Options recently launched on the market almost year now- in 2013. RedWood has already become the favorite choice on binary option market. We were impressed by user-friendly interface and its simplicity when we review RedWood Options. This broker is ideal for both first time traders and experienced traders. They offer all the classic trading options including One Touch, MeTa Chart, High/Low, Option Builder and Pair Options. RedWood offers traders a collection of 150 tradable assets.
Basic Information of RedWood:
- Basic information:
- Online since: 2013
- Jurisdiction: Cypros
- Software: SpotOption
- Max Returns: 81%
- Minimum Deposit: $200
- Minimum Investment: $10
- Maximum Investment: $5,000
- Currencies: USD, AUD, CAD, EUR, GBP
- Mobile: Yes
- Countries: All nations excluding US customers
Pros and cons of Nadex
Pros:
Cons:
Review the broker about some main features:
Deposit bonus: RedWood offers three basic types of account, of course the more deposit amount is, the more features you will have access to. RedWood Options Mini: When you create this account you will receive a generous 30% trading bonus
RedWood Options Excutive, if you start with this account you will receive a nice 70% signup bonus
The RedWood Options Gold, traders can receive a full 100% sign up bonus when you create this account.
Signup Bonus depends on what account traders choose to trade with.
Payout: RedWood offers a really good return on your investment up to 81%. The minimum is about 70% and average being around 75%. With RedWood, their return is more than acceptable and more than average. If your option expires Out-of-the-money RedWood Options will offer a 10% return. That’s really a special feature to help traders regain some losses.
Deposit and withdrawal options: With RedWood Options the minimum deposit is 200 USD/EUR or 20,000 JPY. This is a good amount for you to start with a new binary options broker. You can deposit maximum amount available up to $10,000 for Western Union, $5,000 for Credit Card and unlimited with a wire transfer.
When your first withdrawal, you have to provide proof of address, a Photo ID, a copy of credit card if you use a credit card to deposit. RedWood has a standard withdrawal procedure and the minimum withdrawal amount is $100. If you use credit card to withdraw, there is no fee. A $25 processing fee if you use bank transfer. It takes about 5-7 business days for payment can take up.
Simple User Interface: RedWood uses easy and simple SpotOption Software. Traders can use this software straight from Brower. They use a really credible trading platform. RedWood trading platform will impress you by its simple and neat interface at first glance.
Type of accounts: RedWood Options offers three types of account available to customer. It depends on your initial deposit, you will receive more features.
RedWood Options Mini Account: With from $200 to $999, traders will receive a nice 30% trading bonus. This package is ideal for those taking first steps in binary trading. You will receive daily market updates and free support via Live Chat and phone.
RedWood Options Excutive Account: With this Account, RedWood will ask traders an initial minimum deposit from $1,000 to $4,999 and traders will receive a generous 70% signup bonus. In addition, you will receive many advantages such as own personal account management, how to develop trading strategies, guide videos and expedited withdrawals.
RedWood Options Gold Account: RedWood will ask traders an initial deposit between $5,000 and $10,000. This is its most exclusive account. RedWood will offer trader an amazing 100% signup bonus, same day withdrawals, high-ranking account, five risk free trades, money management and instruction on trading strategy.
Minimum deposit: Like other brokers, RedWood will ask traders an initial deposit to create an account and they offer initial deposit requirement is $200. This initial deposit is really low among other brokers and it’s a great feature of RedWood.
Trading tools: RedWood has an easy and simple trading platform. Within minutes traders can learn to trade any type of binary options with SpotOption platform.
Basic trade type is High/Low, a simple variation is One Touch. With RedWood, 60 seconds is just like High/Low and expiry time for a trade is one minute.
Traders can customize their trades with Option Builder. RedWood offers an enhanced chart and they will give you a better view the market before you trade.
Customer Service: RedWood has a good customer service. They are well equipped to deal with customers. RedWood provides clients many ways to get in contact if there are issues or questions. Traders can either use the web form or email to get in touch. You also can use call on the phone or site’s live chat. Great customer service is a key feature of RedWood in this industry.
Multiple Asset Investing: RedWood offers a variety of financial instruments including indices, currencies, stocks, and commodities. They are:
Currencies: USD/CHF,, NZD/USD, USD/SGD, USD/ZAR, USD/RUB, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD.
Stocks: CITI (US), MICROSOFT (US), APPLE (US), NIKE (US), GAZPROM (RUSSIA), BP (BRITISH PETROLEUM), LUKOIL (RUSSIA), SBERBANK (RUSSIA), COCA COLA (US), HSBC HOLDINGS (LONDON), TATA MOTORS (INDIA), TURKCELL (TURKEY), TESCO, TEVA PHARMA, PETROBRAS, NISSAN MOTOR, IBM, REUTERS (US THOMSON REUTERS), BAE SYSTEMS (LONDON), ROLLS ROYCE (LONDON)
Commodities: GOLDWHEAT, SUGAR, COFFEE, OIL (LIGHT SWEET CRUDE), PLATINUM, SILVER
Indices: MICEX 10 (MOSCOW INTERBANK EXCHANGE), TOPIX, TEL AVIV 25, STRAITS TIMES, NIKKEI225（JPN）, KL FUTURE, AUD/USD, SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), TADAWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), RTS (RUSSIAN TRADING SYTEM), ISE 30 (ISTANBUL STOCK EXCHANGE), FTSE 100 (UK), CAC (FRANCE), DAX (GERMANY), NASDAQ (US), S&P 500 (US), DOW (US).
Expiry Time Info: 60 sec, 15 min, 30 min, 1 hr, 24 hr+, End of Day, End of Week
Payout of Maximum Percentage: RedWood has quite high payout ratio among other brokers, traders can reach up to of 81%.
Multiple Languages: English, Chinese, Spanish, French, German, Italian, Turkish, Arabic
Country available: RedWood is an international binary options broker but they don’t accept US traders.
Redwood App: Like other binary options brokers, RedWood also offers customers mobile apps whether you win iphone or Android phone. Their binary option app doesn’t reduce the amount of feature available.
Best strategy to trade with Redwood binary options broker
RedWood offers customers the option to embed a stop/loss strategy traders can sell for a fixed price with The Buy-Me-Out feature. Trader’s profit depends on a few things such as expiry time or strike price. You can secure your profit and limit the loss with the Buy-Me-Out in trading binary options.
RedWood provides you to copy and then open a similar position when you are close to the expiry time. It is done with Double Up feature and with the same expiry time, asset, amount invested and conditions you can double your profits.
Rollover Feature: every broker should have Rollover feature, when your trade is about to expire out of the money then you will lose this trade. Instead of you can choose to move the expiry time forward before expiry. To use this feature you have to invest another 30% in the position
Conclusion:
With all RedWood Binary Options Broker Reviews in this post, we hope it’ really useful for you. Overall, We are confident that RedWood has a really good trading platform and professionals are well equipped to help traders in making the most of their investment. RedWood is a one of the best binary options brokers although it’s still quite new. With easy and clear layout, this trading platform is ideal for newbie. Let’s create an account with RedWood Options
Hope with this RedWood Binary Options Broker Review post will help you really understand about this broker, should find other brokers that maybe suitable for your choice here.
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