Redwood Options Review

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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.

7 Binary Options

UPDATE (15.01.2020):

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

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Recently launched in 2020, 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: 2020
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

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

– Customer service sometime slow

7 Binary Options Rating:

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

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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Redwood Options Review

Trading Platform Redwood Options

Redwood uses the SpotOption trading platform, a widely used and popular trading platform employed by the majority of online binary brokers due to its simplicity and effectiveness.

The platform is 100% web based, so software downloads are not required. You don’t need any previous trading experience as the platform has a user-friendly interface. You can make use of exclusive educational tools such as a free binary options e-book, live daily webinars, and video academy.

You can choose from a vast selection of assets to trade, including stocks, indices, commodities, and currencies. The platform’s trading modules are top of their class in the online trading market. This broker uses up to date and sophisticated technologies to ensure your security and satisfaction.

The SpotOption trading platform has the following unique features:

  • Rollover
  • Double Up
  • Open Platform Mode – which allow traders to access the “Buy Me Out” feature

This one of the latest binary options trading tools. This tool allows a trader to choose from three different analytic strategies and use them for further insight into the behavior of different assets. The three strategies are the Relative Strength Index (RSI), the Moving Average, and the Bollinger Bands strategy.

The Follow Feature enables users to track the actions of leading traders and mimic them. After selecting successful traders to follow, the user then has the opportunity to imitate the actions of these traders based on their own personal specifications. The Follow Feature is an innovative tool that helps traders make successful investments.

Redwood Options has recently implemented forex capabilities, permitting forex-type investments with a binary options designed strategy. This provides users with increased flexibility when making a trade, ultimately allowing them to increase their chances of making a profit.

For experienced binary options traders, Ladder Options are a great addition to a trading strategy. They allow users to work even more in depth with options they are trading by predicting numerous strike points an option might hit.

  • Beneficial trading academy
  • Dedicated support team
  • Free market analysis
  • High returns
  • Low minimum trading amount
  • Real time trading
  • Reliable trading platform
  • Conflicting info on website
  • High minimum amount for wire transfer ($500)
  • Lengthy withdrawal time (3 + 7 Days)

Platform type: SpotOption

Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Arabic, Dutch, Swedish

OS Compatibility: Mac OS, iOS, Windows

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Company information Redwood Options

Located in: London, United Kingdom

Website: https://www.redwoodoptions.com

Founded in: 2020

Accepts US Clients: Yes

Phone number: 1-800-986-6750

Email: support[email protected]

Account Options Redwood Options

Commission:

Minimum Deposit: $200

Payouts Percentage: 81%

Deposit Options: Webmoney, Credit Card, Debit Card, Bank Wire Transfer

Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer

Payout Ratios: Redwood Options offers payout up to 81%.

Available Assets Redwood Options

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Japanese, Arabic, Swedish

Customer Service Hours: Redwood offers phone, email, and live chat support.

Place Trades Over the Phone?: No

Redwood Options Trade types

Redwood offers the following trade types:

  • 60 Second Options
  • Classic Up/Down Binaries
  • One Touch Options
  • Option Builder

Redwood Options Trade accounts

Mini Trading Account – €500

  • 25% bonus
  • Starter webinars
  • Educational videos
  • Digital online e-book

Starter Trading Account – €1000

  • 30% bonus
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email

Silver Trading Account – €5000

  • 50% bonus
  • 1 risk free trade
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 1 academy session
  • 1 VIP webinar

Gold Trading Account – €10,000

  • 75% bonus
  • 1 risk free trade
  • 3 guaranteed profit trades
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 2 academy sessions
  • 1 VIP webinar
  • Optional tablet

Platinum Trading Account – €25,000

  • 100% bonus
  • 3 risk free trades
  • 5 guaranteed profit trades
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 5 academy sessions
  • 2 VIP webinar
  • Optional tablet
  • Same day withdrawal approval

Pls note: Risk free trade is up to 50% of the deposit.

Redwood Options Position In Our Categories

Position of Redwood Options in our main categories:

Redwood Options is one of the top 50 Binary Options Brokers products

If you are considering Redwood Options it might also be a good idea to check out other subcategories of Binary Options Brokers collected in our database of SaaS software reviews.

It’s crucial to realize that almost no service in the Binary Options Brokers category is going to be a perfect solution that can match all the goals of various investors. It may be a good idea to read a few Redwood Options reviews first as certain solutions can actually dominate exclusively in a specific geography or situation or be designed with a really specific customer in mind. Others can operate with a goal of being simple and intuitive and consequently lack advanced functionalities needed by more experienced users. You can also come across services that support a wide group of customers and provide a complex feature toolbox, however this usually comes at a more expensive price of such a service. Ensure you’re aware of your needs so that you purchase a service that provides specifically the elements you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Redwood Options reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Redwood Options. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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    Free Demo Account!
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  • Binomo
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