Redwood Options Broker Review
4 stars based on
Redwood Options binary options broker has been established for a few years now. This allows you to see the whole binary options trading environment beautifully and gives you insights into what other traders are doing, bringing a social aspect into the binary options market. Select the type of contract you want, the expiry time, financial asset, risk VS profit ratio, and how much you wish to invest, and done!
Expert traders will love the greater flexibility and the ability to tailor their trades according to their specific expertise. The range of assets available is decent over in our countingincluding commodities, stocks, indices and forex currency pairs. They have also recently added stock pair trading in to the mix with 24 pairs available.
More importantly these, as with the whole trading platform, are easy to navigate and very clear, making trading binary options almost effortless. An instrumental part of what Redwood Options provides is its up to date financial news and educational section. What it lacks in finesse, it makes up in trying to provide you with the best tools to trade with, including weekly financial market reviews giving you historical insights into what future trades might hit high or low. These financial tools are really indispensable and we found ourselves browsing this section for longer than expected.
That said, the Redwood Options trading platform has started to differentiate itself over and establish itself as the binary options broker of choice. With recent additions including a strategy advisor where you it automatically analyses recent market data based on your pick of the relative strength index, Bollinger bands or moving average trading strategies.
Another recent addition is the Redwood Options Follow feature where you can follow the trade actions of other successful traders and increase your skills through learning and watching what they do. Then when you are ready you too can profit by copying their trades. An innovative feature that beginners to binary options can easily take advantage of. Redwood Options provides an average choice of financial assets to trade from, with its 82 Stocks, 25 Forex Currency Pairs, 7 Commodities and 44 Indices you have a total of tradable assets when we last checked.
They have also recently added 24 stock pairs to the list. It's one of if not the biggest list of assets out there, so for self starters looking for a solid trading platform to trade some of the bigger options, it has enough to keep you occupied. Since they started back in they have considerably grown their assets list adding more stocks and indices and currencies to the mix.
Their expiry times range from 60 seconds up to around 6 months. Which can accommodate the risk takers and far more patient options traders out there. Weekend trades are limited by the number of assets that are available as some markets close and the One Touch option only has a Monday to Friday options available.
These returns are more than average and more than acceptable, considering the trading platform itself works so well and makes it so easy to trade. A great little addition for traders just starting out to regain some losses. If you are comfortable trading, chances are this is as good an amount as any to start you off with a new binary options broker. If you like to spend big then the maximum amount available to deposit should make you happy. The withdrawal procedure is pretty standard for binary options brokers and on your first withdrawal you will need to provide a Photo ID, proof of address and, if you deposited using a credit card, a copy of the card you used.
Payment can take up to 3 business days to process the request and a further business days for the funds to show in your account, not exactly swift, but a small price to pay. Their customer support team are friendly and helpful, we found little to complain about in our dealings with their knowledgeable staff.
That said, Redwood Options loses a fairly large point by providing support, and the whole site, in one language, English. That said, you can contact them via their Live Chat 24 hours a day, Monday-Friday, which is great help when you are trading assets all hours. Alternatively you can use their on site contact form or email them directly. Like all good binary options brokers Redwood Options mobile apps have you covered.
Whether you own and Android phone or iPhone they have dedicated native trading apps for you to download to maximise your binary options trading experience. These binary option apps don't reduce the amount of features available to you, you can make secure deposit and withdrawals, view your trading history and make trades using their intuitive mobile platform. You'll find it beneficial to keep on top of your options wherever you are. Redwood Options shines in the education financial tools and features they provide traders.
We particularly love that they treat each of their binary options traders like a VIP, giving one-on-one advice and personal forex training - something even the most advanced and established platforms don't provide. Take a look in their Education section of the site and you will find some great educational tools to get you started or keep you on top of your game.
They provide an EBook with an extensive background in to binary options, and detailed information covering all areas and factors you need to consider when trading binary options online. When you sign up you can get access to their binary options Video Academy where you can learn more, from the basics to more advanced strategies and tips they can help beginners and more advanced traders alike.
If you want a sneak peak they do offer two free to view videos including, Introduction to Binary Options and Trading Psychology, but you will have to register to see more. Registering is free and does not require a deposit to access the academy, so it's worth taking the couple of minutes to do so. Overall Redwood Options is one of the best binary options brokers to newly emerge on the market. It is still quite new, and lacks some of the finer features we've come to expect from the bigger brokers.
Multiple languages and more local phone numbers would have been good. But we still feel this new broker deserves your interest. It's intuitive navigation, fantastic financial tools and a great range of financial betting options, make this one to watch out for. Worth a look in our opinion.
Redwood Options Mobile Trading Site. Conclusion Overall Redwood Options is one of the best binary options brokers to newly emerge on the market. Click the button below to sign up and learn more at Redwood Options.
More Top Binary Options Brokers We have a quality reviews on some of the best binary options brokers in the industry. If you are looking for more then try taking a look at other reviews. Don't forget to let us know if there is something specific we are missing.