Redwood Options Scam Review
For many years the largely unregulated financial market trading called binary options was accused of being no better than a form of gambling or a scam. The industry as a whole has had to work very hard to shake this type of stereotype. It has not been easy but sites that have a lot of integrity like Redwood Options have helped and so has regulatory agencies like CySEC. The accusations of being something of a scam have quickly changed into a reputable form of investing that gives its traders a better than average chance of success.
Redwood Options is one of the sites that is leading the way as far as binary options respectability is concerned. There are some trading platforms that gets very few poor reviews from those that trade on it (nobody can satisfy everyone) and the site has never been accused of being a scam. That is one of the main reasons why we highly recommend the Redwood Options brokerage site to you. A site has to be both proactive in regards to how they treat those that trade on it and offer them the best of features in order for us to recommend them; Redwood Options has proved to us that they do all of that and more.
The Redwood Options site has been online for a few years now and it seems like each year their customer base is growing; that is a sure sign that the site is not a part of any scams. Word of mouth travels fast in the binary options industry and competition for traders is keen so web brokers have to do things right or they will find themselves out of business. Redwood Options is the type of broker that handles questions and problems before they become complaints. Their customer service staff is very good at what they do and they can handle customers who speak English or even Russian, French, Spanish or Greek. It is just one way that they satisfy a diverse customer base’s needs.
They also have an incredible trading platform that is run by using the highly acclaimed SpotOption software. It is a 100% web based system that requires nothing to purchase or download to be able to access the Redwood Options website. The trading platform also offers a wide variety of features too. There are several different types of binary options that a trader can select from, over 100 underlying assets to choose to place trades on (stocks, indices, commodities and matched currency pairs) and a variety of expiration times that can be used in the trades too. All this is supported by an extensive learning library that boasts having such things as webinars, eBooks, strategy tips and other forms of binary option educational tools to help the sites investors become more profitable when trading.
When you consider the excellent customer service, the very good trading platform and the fairness and integrity that Redwood Options puts into its website, then it is no wonder that their customer base continues to grow each year. It is a site that is many things but being a scam is certainly not one of those.
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References and Further Reading:
1. Fundamentals of futures and options markets (J Hull, S Treepongkaruna, D Colwell, R Heaney, D Pitt – 2013)
2. Trade effects of the euro: evidence from sectoral data (RE Baldwin, F Skudelny, D Taglioni – 2005)
3. The rise of financial capitalism (L Neal – 1990)
4. Hedge funds, hot markets and the high net worth investor: A case for greater protection (H Parry – Nw. J. Int’l L. & Bus. – 2000)
5. Financial integration and macroeconomic volatility (MA Kose, ES Prasad, ME Terrones – 2003)
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