Redwood Options Broker Review

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Redwood Options

Redwood are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Redwood Archive Review

Redwood options offers one of the most lucrative bonus structure in the industry with bonus offers as high as 100%, all in accordance to your investment amount. On top of amazing cash bonuses redwood options offers special personal training by a market analyst with trading strategies and personal consultation

Trading account

Opening an account is very simple and super quick. All you need to do is to go to their home page and fill out your info. Once you finished the quick form you will transfer automatically to fund your account and start trading. Redwood options offer 3 types of investments accounts all with personal assistance and special, personal strategy training.

Red wood options is a spot option web based platform and as such is highly reliable and easily accessible from anywhere in the world.

Redwood offers several option contracts and different markets for both experienced and novice traders to capitalize on; Mainstream call/put options ranging from 15 minutes through daily, weekly and monthly options. Extreme touch options with potential returns of up to 550%!

Super fast super profitable 60 seconds contracts as well as a custom contracts builder.

Platform features

  • Over 100 underline assets- over 10 currency pairs!
  • 4 different global markets- including major US traded stocks
  • Returns of up to 85%!
  • Daily market reviews
  • Very high exposure limit- up to $5,000 with no limit on number of positions.
  • Most competitive bonus offers in the industry.
  • Traders can open accounts in Euros, British Pounds, US Dollars, CAD and AUD.
  • You can fund your account using any major credit card in addition to wire and cashU options.

Customer solutions

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Redwood options offer 24/5 support via live chat, mail and toll free phone numbers.

Their customer support personal are very kind and would be able to also forward your address to different departments in the company. At the moment redwood options only supports English speakers.

Is Redwood Options a Scam?

Redwood Options is among the newest entrants in the binary options trading industry. They make use of the SpotOption trading platform that is extremely popular in the industry and is being used by top brokerages such as TradeRush. They offer an attractive payout of about 80% on your investments and provide excellent bonuses to help you take advantage of high payouts from binary options. They provide excellent educational services to all the traders, so that the latter can make sound trading decisions. Redwood Options also offers excellent withdrawal schemes. They do not charge for withdrawals via credit cards while also providing payment gateways to ensure safe transactions on the platform.

Final Word

Redwood Options is a young and vibrant company that’s already making waves in the industry with their special bonus offers and training strategies. We should see great things from these guys in the near future.

Redwood Options Review

Redwood Options

Broker Redwood Options
US Traders Accepted
Company Name Platinum Dome Investments Ltd.
Headquarters London, UK
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 85%
Out-of-Money Reward
Trading Platform SpotOption.
Deposit Options Credit or debit card, wire transfer, CashU
Deposit Currencies US Dollar, British Pound, Australian Dollar, Euro, Canadian Dollar
Minimum Deposit $200
Minimum Trade $5
Maximum Trade $5,000
Online Since 2020
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 61
Binary Option Types High/Low, One Touch, 60 Seconds, Option Builder, Open Platform
Customer Support Types Web form, toll free phone, email, live chat
Education Offered Glossary, FAQ, basic how-to pages, trading eBook, market reviews, dedicated account manager, video platform walk-through, trading strategies, money management training, portfolio structure, breaking news
Tools Offered Double up, rollover
Commission $30 fee for wire transfers, $100 minimum withdrawal threshold
Languages English
Demo Account On request

Redwood Options is a binary options brand which has already garnered a lot of positive reviews, despite being relatively new to the scene. There is a persistent rumor that Redwood Options is run by the same people who run the well-known broker TradeRush. There appears to be no actual foundation for these rumors, however, as Redwood Options is operated by Platinum Dome Investments Ltd., while the company that operates TradeRush is known simply as TradeRush. While Redwood is lacking in some features (mobile trading, early close, a proper demo account), they have an informative site that is easy to navigate, and many different types of options to trade.

Redwood Bonus Options and Risk-Free Trades

When you go to open an account on Redwood Options, you have the option of depositing with your credit or debit card, wire transfer, or CashU. Redwood is clearly catering to international customers, offering many different account currencies including Australian Dollars, Canadian Dollars, Euros, British Pounds, and US Dollars. USA customers are accepted. The minimum deposit is $200, and the minimum withdrawal threshold is $100. Aside from the standard $30 fee for wire transfers, there are no other fees.

There is no demo account advertised anywhere on the site, but the customer service agent I spoke to implied that it is possible to talk to an account manager about opening one. Regardless, new accounts come with risk-free trades. One very interesting option new customers are given is the choice to accept bonus money or additional risk-free trades. Redwood offers incredibly generous bonuses, including match bonuses of 100% on up to $10,000. Not everyone likes to trade with bonuses, though, and if you are a more conservative trader, you may want to take advantage of the option to choose risk-free trades instead. This is a great way to get extra practice and possibly make some extra money along the way. Some sites force you to accept a bonus with restrictive terms that can make both trading and withdrawals difficult. Redwood does not force its customers to trade with money that isn’t theirs.

Trading on Redwood Options

Sixty-one different currencies, stocks, indices, and commodities are available to trade on Redwood Options. The SpotOption platform allows you to place High/Low trades, One Touch trades, or 60 Second trades. Option Builder gives you control over your expiry time, and Open Platform gives you a better look at what is going on visually with the market. Double up and rollover are available to help you trade, but early close is not, which is a bit of a drawback.

You can trade as little as $5 on 60 Second trades. The minimum for other types of trades is $10. If you want to place larger trades, you can trade up to $5,000, which is a reasonably high limit. It is noteworthy that account tiers run as high as $10,000 for initial deposits as well. Clearly Redwood is interested in catering to traders with large and small accounts, and not leaving anybody out.

Plenty of Resources

If you are looking for a broker who goes out of its way to foster education, Redwood may be a good choice. Along with the standard glossary, FAQ, and basic how-to pages, you will find a trading eBook, market reviews, and additional benefits for higher account tiers. Some of these include a dedicated account manager, video platform walk-through, trading strategies, money management training, portfolio structure, and breaking news.

Redwood Customer Service

Customer service was a bit of a mixed bag. You can get a hold of Redwood via live chat, toll free telephone, email, or web form. When I got on live chat, I only had to wait for a few seconds before an agent appeared on the line. That was a pleasant surprise. The agent answered all my questions, which was also a pleasant surprise.

The only issue I had with the agent who was talking to me was that he did not seem to entirely understand my questions. I explained that I was writing a review, and yet he still tried to sell me on the idea of talking to an account manager about opening a demo account. He mentioned special promotions as well, which seemed like a bit of a hard-sell to me—particularly given that I was not even a customer. He steered carefully around my questions about regulation, stating that Redwood expects to be regulated within a few months (which is possible, but unlikely). He also was baffled when I asked him about TradeRush, which seemed unusual to me, given TradeRush is so well known. I appreciated that the service agent was trying to be helpful, but it was clear to me he had been told to take any opportunity he was given to sell me on services.

Conclusion

Redwood Options certainly has a lot going for it. The website is very nice; I had no problems whatsoever finding information. There are also a lot of third-party reviews of Redwood, many of which look legitimate. This implies to me that they are already forging a strong reputation in the binary options community—even if many reviewers are confused about their relationship to TradeRush (or lack of one). Redwood provides traders with numerous resources and promotions, and the option of saying no to a bonus and receiving free trades instead is a wonderful one.

The biggest red flag with this company is the hard-sell from the customer service agent. On one hand, it is great that they are actually providing customer service. That already puts this company miles beyond most of their competitors. On the other hand, it is always good to be cautious when someone is clearly more interested in making a commission than they are in helping you out. This broker definitely has positive potential, but if you are interested in trading with Redwood, it would be wise to talk to a customer service agent first on the phone to see what kind of treatment you receive.

Redwood Options Review

This broker is closed. Trade with IQOption instead.

Present in binary options industry since 2020, Redwood Options is considered to be a trustworthy broker who offers safe trading platform with a variety of trading instruments and services. Read our Redwood Options review to know more about this broker and features offered to their registered traders worldwide.

To deposit with Redwood Options, minimum amount is $200. For bank wire transfer, minimum deposit amount is $500. Maximum return is 81% and maximum bonus is set to $10000. With this broker, traders can deposit through many available currencies: USD, EUR, CAD, GBP, JPY and AUD.

Minimum investment with Redwood Options is $10 and maximum investment $5000. Traders around the world are allowed to trade binary options with this brokers and that includes US traders also.

Redwood Options Trading Platform

As its software, Redwood Options uses SpotOption, a simple and easy to use where traders shouldn’t have any difficulties while trading. Traders can use a variety of different tools and services that this broker provides. Available trade options with Redwood Options are: High/Low, One Touch, Pair Options, Meta Charts and Option Builder.

To be able to trade on these options, different expiry times are on trader’s disposal. Traders worldwide can trade on 60 seconds, 15 minutes, 30 minutes, 1 hr, 24 hr +, end of day and end of week.

When we mention assets, there are more than 150 different underlying asset types. This broker has one of the largest asset index in binary options industry. Traders can choose among stocks, currencies, commodities and indices for them to achieve high payouts in the trading process.

Redwood Options offers to its traders a possibility to use mobile app for profitable binary options trading process, as we noticed in Redwood Options review. Mobile trading is very popular and widespread among traders worldwide. This is because of its many advantages, such as trading on the go.

There is no need to always sit in front of the computer for binary options trading to happen. Now, traders can go anywhere and use their smartphones and ipads as well. Traders can get Redwood mobile app from Apple Store and Google Play and start trading binary options.

Strategy Advisory Feature

Traders can use several different trading feature, available on Redwood Options platform. One of three useful trading features is Strategy Advisory. This is a new binary options tool that allows traders to choose from analytic strategies and use them to have a better understanding of underlying assets.

Available strategies for this trading tool is Relative Strength Index (RSI), Bollinger Band strategy and Moving Average.

Refer a Friend Feature

A popular trading tool that Redwood Options implemented on its platform is Refer a Friend. This tool awards traders if they refer a friend to join Redwood Options platform and start trading binary options. Once when a friend deposits with this broker, you will receive a $50 bonus on your trading account as a reward.

Follow Feature

All traders want to be successful in trading binary options and maximize their profit by using multiple trading tools and strategies. To enable traders to have a positive and profitable binary experience, Redwood Options has developed a new brand that can assist trader to follow the actions of leading traders in the industry.

So when trader chooses a list of experienced traders to track, then it is possible to imitate their actions. Traders worldwide can choose amount time they wish to spend on one professional trader and then switch on another and also a maximum investment limit in trading process.

Redwood Options Account Types

With Redwood Options, it is possible to trade binary options with 7 available accounts. These account types differ one from another by a range of services, tools and of course, deposit amount. Account types are: Bronze, Silver, Gold, Platinum, Diamond, Corporate and Premium Managed Account.

Redwood Options Bronze Account

  • minimum deposit $1000
  • up to 50% welcome bonus
  • 1 trading strategy
  • exclusive trading instruments and webinars
  • market reviews on daily basis

Redwood Options Silver Account

  • minimum deposit $5000
  • up to 60% welcome bonus or 3 risk free trades
  • 3 trading strategy
  • exclusive trading instruments and webinars
  • trading signals
  • Senior Manager
  • fast withdrawals
  • market reviews on daily basis
  • 1 profit trade

Redwood Options Gold Account

  • minimum deposit $10000
  • up to 100% welcome bonus or 5 risk free trades
  • 5 trading strategies
  • direct contact with Senior Manager
  • trading signals and indicators
  • fast withdrawals
  • 2 profit trade
  • access to binary trading groups

Redwood Options Platinum Account

  • minimum deposit $25000
  • up to 150% welcome bonus or 8 risk free trades
  • 8 trading strategies
  • direct contact with Senior Manager
  • trading signals and indicators
  • withdrawals on the same day
  • 5 profit trade
  • access to daily binary trading groups
  • 2% more payouts on all assets

Redwood Options Diamond Account

  • minimum deposit $50000
  • up to 150% welcome bonus or 8 risk free trades
  • advanced chart analysis
  • VIP Academy
  • access to Corporate Manager
  • access to Senior Manager
  • withdrawals on the same day
  • exclusive trading webinars
  • trading signals and indicators
  • access to daily trading groups
  • 8 profit trades
  • 3% more payouts on all assets

Redwood Options Corporate Account

  • minimum deposit $100000
  • up to 150% welcome bonus or 8 risk free trades
  • advanced binary options trading
  • VIP Academy
  • access to Corporate Manager
  • access to Senior Manager
  • withdrawals on the same day
  • exclusive trading webinars
  • trading signals and indicators
  • access to daily trading groups
  • 10 profit trades
  • 5% more payouts on all assets

Redwood Options Managed Account

  • for further information, contact your Account Manager

Redwood Options Customer Support

Customer support system is really good with this broker. Redwood Options offers a possibility to contact them through email, live chat or via telephone for several countries. Email communication is available on [email protected] and for tehnical assistance on [email protected] .

On platform, traders can use excellent Educational Centre where they can find useful information, such as different courses, webinars, video tutorials and ebook. All these tools can be of great help, especially if you are a trader beginner who still do not have enough trading knowledge or experience in binary options trading.

Also, traders worldwide can use FAQ section to find answers if they have queries regarding trading process. FAQ is sorted in five categories for better clarity: support, platform, open account, deposit and trading.

As for now, as we seen in Redwood Options review, this broker offers platform only on English. Since they have traders from around the world, perhaps a multilingual platform could be useful.

Redwood Options Banking and Company

Depositing and withdrawing are the most important elements in binary options trading. They provide security for traders because if everything goes correctly, they know that this a reliable broker who keeps their funds safe on a trading platform.

Minimum deposit amount with Redwood Options is $200 and maximum is $20000, in case of credit card deposit method. If trader choose to make deposit through bank wire, minimum amount is $500 and maximum amount is unlimited.

For wire transfer, traders have to send a copy of bank wire transfer on email [email protected] and it can last up to 5-7 days for money to be visible on your trading account.

For withdrawing process, procedure is also protected because of the high security level. First, traders have to submit few documents to confirm personal authorization (photo ID, copy of address and in case of card payment, a copy of credit card with covered digits and only visible signature).

Minimum withdrawal amount is $100. Redwood Options enables traders worldwide to deposit and withdraw funds on several different payment options. It is possible to make transactions via multiple debit and credit cards, like Maestro, Mastercard, Visa, Diners Club, American Express, Delta, Switch and Solo. Also, bank wire and e-wallets (WebMoney, Neteller and CashU) are also available.

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
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