RedWood Options Binary Option Broker
| Company: | RedWood Options |
|---|---|
| Maximum Trade: | |
| Minimum Trade: | $5 |
| Minimum Deposit: | 200 USD/EUR and 2000JPY |
| Withdrawal Fees: | No withdrawal fees on credit card. Withdrawal through wire transfers is charged $25 |
| Minimum Withdrawal: | $200 |
| Bonus: | Up to 100% on their first depsoit |
| Payout: | 70% to 81% |
| Account Currencies: | USD, EUR, JPY, CAD, GBP, AUD |
| Currency Pairs: | 12 Pairs |
| Tradeable Asset: | Stocks, Indices, Forex and Commodities |
| Trading Platform: | Browser |
| Trading Instruments: | |
| Established: | 2013 |
| Licenses: | No License |
| Location: | Anguilla |
| Regulation Status: | Not Regulated |
| Payment Methods: | Visa, Mastercard, Maestro, Wire Transfer and CashU |
| Ratings | |
| Trading Plarform: | 4/5 |
| Website: | 3.5/5 |
| Banking: | 4/5 |
| Customer Service: | 4/5 |
| Bonuses: | 4/5 |
| Customer Experience: | |
| Overall Score: | 4.2/5 |
| Assets: | 4.6/5 |
| Reliability: | 3/5 |
| Charting: | 4/5 |
| Withdrawal: | 4/5 |
RedWood Options is one of the leading binary option brokers in the financial market. This is one company which is new to the financial market and was established in the year 2013. It has gained a lot of popularity in a very short span of time. In past few years binary option trading has gained a lot of popularity in the international financial market and is also known by the name of digital options. In the time of market instability, traders consider binary option to be a safe investment. The payout in case of binary option is fixed as there are possibilities of just two outcomes.
The trading platform provided to the customers is very easy to use and very much user friendly. Their platform is entirely web-based and does not require any software upload or installation. It is so easy to understand and do the trading using their platform that there is no need of any trading experience. This means that this platform is easy to use even for novice traders. They have a very user friendly interface. They provide to the traders, free educational tools and also free eBooks. They provide data streams given to them by Thomas Reuters. Demo video is available free of cost and can give insight into the binary option trading.
Trading with RedWood Options can earn you payout as high as 81% on your investment. On an average they provide payout which ranges from 70% to 75% which is above average and is highly accepted. They also provide 10% return on the position that expires out of money on the invested amount. This is great news for the novice traders or those looking out to start trading. The minimum deposit required to open an account with them is 200 USD/EUR or 2000 JPY and it is up to the traders to choose the currency they like. Those who want to invest higher amount would be happy to know that they can deposit up to $5000 using credit card, $10,000 through Western Union and unlimited amount using wire transfers. The minimum amount that one needs to withdraw is 100 USD/EUR. The first withdrawal requires submission of Photo ID, Address proof and a copy of the credit card if transaction is done using it. There is no withdrawal fee if it is done using credit card. However, a fee of $25 is levied if withdrawal is made using wire transfer.
The customer support service is one feature which one should find out about. The customer support service is of world class and they have a support team that is very helpful and friendly. They are well trained to handle queries of any type which is related to trading. Their website is available only in English. Their services can be availed 24 hours using Live Chat from Monday to Friday. They have local phones available only for US and Canada. They also have the facility of reaching out to them using emails.