Redwood Options Review - Binary Options Broker

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Redwood Options Review

Redwood Options
Up to 100% Opening Bonus
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Overview

Introduction Redwood Options is a binary options trading broker owned and operated by Red Tulips Consultants Ltd. The company was founded in 2013 and its headquarters are located at 1A, […]

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Full Review Details

Broker Redwood Options
Website URL NEW https://www.redwoodoptions.com/
Founded 2013
Headquarters 1A, Arcade House Temple Fortune, London NW11 7TL, UK
Support Number South Africa: 27213008042| Saudi Arabia: 9668111124854| Singapore: 6531590601| Sweden: 46313613573| Canada: 16047575953| Australia: 61280156814| USA/Canada: 1-800-986-6750|UK Toll Free: 0-800-520-0936
Support Types Email, Telephone, Live Chat
Languages English
Minimum 1st Deposit $200
Minimum Account Size $200
Bonus Up to 100% Opening Bonus
Payout up to 81% on 60 Second options and up to 500% on one Touch options
Free Demo Account No
Deposit Methods Credit/Debit Cards, Bank Wire Transfers, Electronic Payments
Withdrawal Methods Credit/Debit Cards, Bank Wire Transfers
Number of Assets 100+
Expiry Times 30s, 60s, 90s, 5m, 15m, 30m, 2h, 4h, 8h, 12h, 2d, 3d, 4d, 5d, 7d
Types of Assets Currencies, Commodities, Indices, Stocks
Option Types Binary Options, Pairs, Long Term, 60 Seconds, One Touch, Ladder, iFollow
Account Currency EUR, USD, GBP, CAD, AUD, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 72

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Mobile Trading
  • High Payouts
  • Multiple Trading Types
  • US Clients

Cons

  • Few Languages

Full Review

Introduction

Redwood Options is a binary options trading broker owned and operated by Red Tulips Consultants Ltd. The company was founded in 2013 and its headquarters are located at 1A, Arcade House Temple Fortune, London NW11 7TL, UK.

Redwood Options is one of the leading brokers in terms of the number of tradable options available on its platform, with a total of seven, which gives traders a wide variety of choices.

Bonuses and Offers

Redwood Options offers up to 100% in signup bonus, and also has several other methods that existing traders can use to make alternative gains to their trading profits. These include refer a friend and binary option affiliate programs.

Trade Types

Redwood Options has got you covered in a variety of ways so whether you are a short-term/long-term, or a sophisticated binary options trader, you are most likely to find a way to get yourself involved via their platform.

  • Binary Options: the classical call/put binary options with up to 81% in payouts.
  • Pairs: compare two assets and predict the one that is likely to come out top by the time the option expires. Get it right, and you are due for a massive payout.
  • Long Term: this one is for the binary options traders who like to factor in a number of items when trading like upcoming news events and other fundamental analysis.
  • Sixty Seconds: This is for the technical trader who is not concerned about the fundamental views. Traders can turn profits by the minute, up to 81% in payout as well.
  • One Touch: The broker identifies a certain level that binary options traders can predict whether or not the price of the underlying asset will reach with a week’s time. Get it right (price reaches the level at least once during that week), and you receive up to 500% in payout.
  • Ladder: This is somewhat similar to One Touch. The only difference is that instead of one level per trade, there are several set by the broker. The level of payout increases with the increase in distance from the prevailing market price towards the trader’s predicted direction. Traders can close their position once a certain level is reached
  • IFollow: This is more like Copy Trading. You can choose an amount and place it to copy the gain in percentage of a particular trader within a certain period, normally a week.. If they make 70%, then you make 70% on your investment.

Asset Index

  • Currencies: USD:SGD, USD/SEK, NZD/JPY, Gold/EUR, GBP/NZD, GBP/JPY, GBP/CHF, GBPCAD, EUR/SEK, EUR/GBP, EUR/AUD, CHF/JPY, CAD/JPY, AUD/USD, AUD/NZD, AUD/CHF, AUD/JPY, USD/ZAR, USD/TRY, USD/RUB, USD/JPY, USD/CHF, USD/CAD, NZD/USD, GBP/USD, EUR/USD, EUR/GBP, EUR/JPY
  • Indices: VIX, TZA-Short X3, TSX 60, TNA-Long X3, STRAITS Times, S&P Future, OMX C20, Nikkei Future, NASDAQ Future, Nifty Future, IBEX Future, IBEX, FTSE Future, France 40 Future, France 40, FAZ-Short Banks, Dow, Dollar Index Future, DAX Future, BOVESPA Future, ASX Future, TOPIX, Tel Aviv 25, TADAWUL, S&P 500, RTS, Nikkei 225, NASDAQ, MICEX 10, KL Future, ISE 30, Hang Seng, FTSE 100, Dubai
  • Stocks: Wynn Resorts, Volvo, Vivendi SA, Twitter, Vodafone, Total SA, Telefonica, TATA Steel, Starbucks, Salesforce, S.Bank India, Rio-AU, Rio Tinto, Renault, Publicis Group, Pfizer, Petrobras, Orange S.A, Netflix, McDonald’s, MasterCard, Louis Perfumes, LinkedIn, Las Vegas Sands, JPMorgan Chase, Groupon, Google, Goldman Sachs, General Motors, Freeport McMoran, FIAT, Facebook, F5 Networks, Exxon Mobil, eBay, Disney, Deutsche Telekom, Deutche Bank, Danone SA, Daimler AG, Citigroup, Caterpillar, Boeing, BNP Bank, BMW, Barclays, Bank of America, Baidu, AXIS Bank, ANZ Bank, Amazon, Allianz SE, AIG, 3M, TEVA TA, Tesco, TATA Motors, SBERBANK, Nissan, Lukoil HSBC Holdings (London), Gazprom (RU), Coca Cola, BP, Apple, IBM, Microsoft
  • Commodities: Corn, Wheat, Sugar, Silver, Platinum, Crude Oil, Gold, Coffee

Trading Tools

Redwood options platform is equipped with several trading guides including eBooks, guides and glossaries.

The trading videos present traders with an opportunity to learn about the company’s trading platform, as well as, insights on how to lock profits in binary options.

The trading eBook is a resourceful guide to traders and is available free for download on the company’s trading platform.

The company has also established an academy where traders can take various trading courses to further their binary options trading skills, across all levels of expertise from beginner to advanced binary options trading. The glossary of terms is also very crucial in discussing some of the terminologies used in binary options trading.

Redwood Options has recently launched mobile applications for iOS and android devices to enable on-the-go trading a key feature in today’s markets.

Deposits and Withdrawals

Deposits

Redwood Options has three major methods that traders can use for deposits and withdrawals which include wire transfer, credit/debit cards and electronic payments.

Traders can open accounts in either of the following currencies: USD, EUR, CAD, GBP, AUD and JPY.

The minimum deposit is EUR/USD/GBP/AUD/CAD 200 for electronic payments and credit cards, while wire transfer requires a minimum deposit of $500.

The maximum deposit via electronic payment or credit card $5,000 while there is no limit for wire transfers.

Traders are required to verify their identity/physical address depending on the method of funding used.

Withdrawals

Traders can withdraw money via two main methods, credit/debit card or wire transfer. Redwood Options accepts credit/debit cards from MasterCard, Visa, Solo, Diners Club, Delta and American Express.

The minimum withdrawal amount is $100 and traders are required to verify their identities/physical address by submitting various documents on their first withdrawal.

Support

Redwood has a dedicated support that can be accessed via three main avenues which include telephone, email and live chat.

Live Chat: 24/5 Live Support

Email: [email protected] –general enquiries

[email protected]– for technical enquiries

[email protected] -for financial enquiries

Telephone:   South Africa: 27213008042

Saudi Arabia: 9668111124854

Singapore: 6531590601

Sweden: 46313613573

Canada: 16047575953

Australia: 61280156814

USA/Canada: 1-800-986-6750

UK Toll Free: 0-800-520-0936

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RISK WARNING: The past or recent trading performance of any stock, security, commodity or derivative is not necessarily indicative of future profits/losses. We do not and can not guarantee that use of our Services will generate you profits. We do not and can not take responsibility for any losses to your accounts. You must trade and take sole responsibility to evaluate all information provided by this website and use it at your own risk. All trading information we provide is intended as trade assistance only.

Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. You should also read our learning materials and risk warnings.

Disclaimer of liability: The website owner shall not be responsible for and disclaims all liability for any loss, liability, damage (whether direct, indirect or consequential), personal injury or expense of any nature whatsoever which may be suffered by you or any third party (including your company), as a result of or which may be attributable, directly or indirectly, to your access and use of the website, any information contained on the website