Redwood Options Open Account

Redwood Options Open AccountThere are a lot of different things that we look for in a binary options broker before we will go ahead and recommend the site to our many readers. Among the most important things is that the site has a reputation for being fair and very responsible to their customers’ needs and complaints. That is why we have no problems recommending the Redwood Options brokerage site, they are a broker that prides themselves on having integrity and they seem to always be positively reviewed. That is a great peace of mind for anyone that trades with them and it is something that cannot be said for every broker unfortunately.

One of the strengths of the Redwood Options trading site is that they have a web platform that is very simple to learn and even easier to navigate around. The site uses the widely popular SpotOptions trading software and it is 100% web based so there is nothing additional to purchase or download in order to be able to use the site. Binary options trades are known for being simple to understand and place, and the Redwood Options software takes this even one step further.

There are times when you can win on Redwood Option seven if you have an unsuccessful trade too; they offer a 10% cash back bonus on all losing trades. An investor can also choose such underlying assets to trade on as 20 popular stocks, 12 matched currency pairs, 8 major commodities and over 20 worldwide indices. They also feature what is called the option builder where an investor can basically design the type of option they want to trade. Also available are in trade selections such as the popular “double up” and “roll over” trade modifiers that can produce extremely high return on investments.

There is absolutely no signup fee to get an account on Redwood Options. All any investor has to do is fill out a simple form and then provide Redwood Options with a scanned copy of any government issued photo ID and a copy of a current utility bill to verify that their current address is the same as on their deposit account (and then supply a scanned copy of a credit card if that is the what the trader will use to make deposits and withdrawals). After that, in order to start trading, a customer only has to make the $200 minimum deposit or more to open and activate the account.

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References and Further Reading:

1. Currency substitution and instability in the world dollar standard (RI McKinnon – 1982)

2. Currency choice and exchange rate pass-through (G Gopinath, O Itskhoki, R Rigobon – 2007)

3. Foreign exchange shadow prices: a critical review of current theories (E Bacha, L Taylor – 1971)

4. Systematic elements in the linkage of national stock market indices (DM Ripley – 1973)

5. The unsustainable US current account position revisited (M Obstfeld, K Rogoff – 2007)

7 Binary Options review: Redwood Options: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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