Redwood Options

UPDATE (15.01.2017):

We have found out that Redwood Options has shut down their operations.

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Redwood-Options-logoRecently launched in 2013, Redwood Options has already become the binary options broker of choice for an ever-expanding global client base. In reviewing Redwood Options, we were impressed by its simplicity and extremely user-friendly interface.

Few trading platforms have managed to make themselves as accessible as Redwood Options while still retaining a wide range of features to keep more advanced traders interested. Ideal for first time traders and experienced investors alike, we noted that it offers all of the classic trading options, including High / Low, One Touch, Option Builder, Meta Charts and Pair Options.

Their collection of 150 tradable assets is sufficient in offering traders a variety of options without being too overwhelming.

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, but not US customers

Pros:

– Good variety of options
– Very high deposit bonus
– Excellent payout rates
– Small minimum investment

Cons:

– Customer service sometime slow

7 Binary Options Rating:

4,5 stars

Account types

When assessing Redwood Options, we researched the various account packages available to customers. In-keeping with its streamlined, no-frills approach, Redwood Options offers 3 package types which easily encompass all kinds of traders.

 

The Mini Account

The Mini Account is the most basic package available and ideal for those taking their first steps in binary trading. It offers a 30% bonus on signing up, as well as daily market updates and completely free support via phone and Live Chat.

 

The Executive Account

The Executive Account is more tuned to those who have gained a firm foundation in binary trading, and includes a significantly larger welcome bonus of 70% bonus. This is in addition to your own personal account manager, step by step video guide, tutorage in how to develop a trading strategy and expedited withdrawals of your funds.

 

Gold Account

Redwood Options’ Gold Account is its most exclusive offering, with an amazing 100% sign-up bonus, a high-ranking account manager, same day withdrawals, five risk free trades plus instruction on trading strategies and money management.

 

Customer Service

We found Redwood Options’ customer care team to be particularly helpful and well equipped to deal with clients’ enquiries in a timely and efficient manner. Dedicated customer support is a highly valuable service and one which Redwood Options provides its traders with on a 24/7 basis.

Screenshot

 

Redwood

Redwood

Educational Resources

Redwood Options also offers investors comprehensive educational tools and resources to ensure that they can make informed trading decisions and maximize their profit earning potential. The guidance provided to newcomers to binary trading was particularly useful, with the Redwood Options website dedicating an entire section to an introduction to the platform which guides traders through the world of global trading.

However more experienced traders also have much to gain from the platform, with numerous advanced courses available, such as technical analysis and how to develop one’s trading strategy.

Mobile App

Redwood Options’ free Android application was particularly impressive, allowing investors to never miss a trading opportunity and make profits no matter where they are. The smartphone application was extraordinarily easy to use, allowing traders to access their accounts securely and engage in trading with minimal effort.

Conclusion/Summary

We are confident that the professionals at Redwood Options are well equipped to assist traders in making the most of their investments. With a clear and easily navigable layout, this platform is ideal for those on their first foray into binary option trading. Almost as easy as using a binary trading robot.

With their highly knowledgeable customer care team, exceptional payout rates and generous welcome bonuses, you can be assured of a positive trading experience with Redwood Options.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Chinese, Spanish, French, German, Italian, Turkish, Arabic
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Pair Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 15 min, 30 min, 1 hr, 24 hr+, End of Day, End of Week
Deposits and Withdrawals: Visa, MasterCard, Bank Wire, Maestro, Cartebleue
Withdrawal Time: 3 business days
Demo account: Yes

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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