Redwood Options USA
Different countries banking practices and market trading regulations have taken their toll on the binary options industry over the last few years. Many online brokers have had to do such things as change the countries they serve or have gone out of business altogether, fortunately there are many brokers that are anxious to serve those customers. One such binary options broker that has experienced all this first hand is Redwood Options.
For the first few years that the website was in business, USA traders enjoyed all the services and features that Redwood Options had to offer; sadly after the first of the year in 2015 that was no longer the case as the online broker stopped catering to American customers. Redwood Options was extremely apologetic about this and wished those USA customers they had lost the best of luck finding another service. Fortunately for the rest of the world, they can still take advantage of all the great things Redwood Options does for those that trade on the website.
There are a few things that need to be cleared up regarding Redwood Options decision not to change their operation so they could still serve customers from the USA. They decided it was better to serve one customer base well as opposed to changing things and serving multiple markets in a mediocre fashion. Many customers mistook this as a sign that binary options could no longer be legally traded in the USA; this could not be further from the truth, they just have to operate under a whole different set of regulations. It certainly hurts USA traders to lose quality binary options brokers like Redwood Options, but the binary options market is still alive and well in the USA. Internet brokers such as CherryTrade may be a good choice to fill the void that the loss of Redwood Options has created in the US binary options market.
Why do traders like Redwood Options so much? One of the reasons is because they are very reputable and tend to get far less complaints than some of the other binary options brokers. They have a very good trading platform that is both easy to learn and highly user-friendly. It features the ever popular SpotOptions software that most premier internet brokers all use. They also offer a wide assortment of learning tools such as online webinars and current market news to help both beginner and veteran traders achieve as much success as possible when trading with Redwood Options. All this is backed up by a competent and caring customer service team that is very good at answering questions and concerns in a prompt and efficient manner.
As was mentioned, traders from outside the USA and its territories can still enjoy all the features and benefits that Redwood Options has to offer. This includes most European Union based countries and just about anyplace else in the world a trader can think of. It is a site that has worked hard to build an excellent reputation and it will continue to serve those traders based outside the USA.
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References and Further Reading:
1. Has the euro increased trade? (MJG Bun, FJGM Klaassen – 2002)
2. The exchange-rate risk exposure of asset returns (EH Chow, WY Lee, ME Solt – 1997)
3. Exchange policies for less developed countries in a world of floating rates (SW Black – 1976)
4. The pricing of currency risk in Japan (J Doukas, PH Hall, LHP Lang – 1999)
5. Unemployment and the real wage: the economic basis for contesting political ideologies (A Bhaduri, S Marglin – 1990)
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