Redwood Options Review
Redwood Options is a well-established broker on the market. It was founded in 2013 and was headquartered in the financial capital of the world - in London. The company has a great potential to become one of the leaders in its field. Redwood Options provides a convenient and easy to use online trading platform that does not require any additional downloads. Even if you have never traded options, you will need to spend only a few minutes on the site to get comfortable, because the interface is completely intuitive and very user-friendly.
First of all we want to point in our Redwood Options review that the company attracts by the fact of not sufficiently high minimum deposit, competitive payouts up to 81%, refund in case of unsuccessful transactions up to 10% and an impressive selection of trading instruments and trading assets.
Redwoodoptions.com Review - Binary Trading
This company presents a good choice of trading instruments: Call/Put, One Touch, Sixty Seconds, Long term, Pairs, Ladder and IFollow options. This broker offers a wide range of trading assets (over 160 species), including stocks, commodities, indices and, of course, currency pairs.
One of the company's hallmarks is that Redwood Options can satisfy wishes of any trader - from amateurs with a term of expiration at 60 seconds, to those who rely on the selection of successful traders, as iFollow options allow you to copy trading of the chosen trader. One Touch options and Ladder please with their exorbitant payments, which may reach up to 1000% of the bid amount.
Continuing this Redwood Options review, it is worth noting that the broker provides complete security trading on its platform. It uses special cryptographic system SSL (Secure Sockets Layer), which protects the credit card information from unauthorized access. Such a system is fully automatic, and if your browser does not support it, you can be sure to get immediate notification.
Redwood Options Withdrawal
Account opening is an easy and fast process, and it is completely free. You can simply choose “Open an account” on the home page, fill in the necessary data, confirm it and get an activation link to your e-mail address.
You can open an account in US dollars, British pounds, Euros, Canadian dollars, Australian dollars and Japanese yen, but after you select the currency it can not be changed. You need to make a deposit to start trading with real money.
Broker supports a variety of methods for deposits and withdrawals, for example, using a credit / debit cards (Visa, American Express, Delta, MasterCard, Visa Electron, Diners, Solo, Maestro and Maestro UK (Switch)), wire transfer or CashU, eWallet.
Redwood Options minimum deposit is $ 200, and maximum depends on the payment method. That is, if you use a credit card, you can invest maximum $ 20 000 on balance, in case of electronic transfer - the deposit amount is unlimited.
It is important to remember that the minimum amount for Redwood Options withdrawal can not be less than $ 100. Using a credit card, there are no commissions, and in case of electronic transfer, you will have to pay a commission of $ 25 for each Redwood Options withdrawal. Usually, the process takes 3 working days, but in average it can last for 5-7 days. We would like to remind in this Redwood Options review that to withdraw money from an account you have to go through the process of identity verification, namely to provide the documents, a list of which can be found at broker's website, or directly contacting customer support.
Redwoodoptions.com Review - Types of Accounts
This broker has 5 types of accounts, where each next type has some additional benefits. Mini account will cost you $ 500 and you will get an starting 25% bonus offer, webinars, e-book and educational videos.
Starter account requires a deposit of $ 1 000. However, it also gives a bonus offer of 30%, courtesy call and market reviews.
Silver account requires minimum investment of $ 5 000, which includes the bonus offer of 50% (or one risk-free deal for choice), account manager and educational sessions.
You have to make $ 10 000 investment in order to get Gold account with such additional benefits: 74% deposit bonus/3 free-risk trades/one profitable trading, webinar on signals, personal contact with broker.
With a $ 25 000 deposit you can get a Platinum account that gives 100% deposit bonus(or 5 risk free deals/3 guaranteed profitable trades), weekly signals and an opportunity of withdrawal approval on the same day.
In our Redwood Options review we want to mark that if your risk-free transaction closed unsuccessfully, then the money will be returned in the form of bonus. You should also remember that the presence of bonuses restricts the Redwood Options withdrawal. To remove these restrictions, you need to make trading in 30 times of the bonus amount.
Redwood Options Complaints
The broker is still very fresh one, but already seems to be a strong brand. In spite of this, there are already some Redwood Options complaints. They are connected with the fact that earlier this provider have accepted US customers and now it is not legal anymore in USA. So, many traders have lost an opportunity to trade with this broker and it is hardly surprising that they are very disappointed and have any Redwood Options complaints.
Redwoodoptions.com Review – Customer Support
If you have any questions, trading problems or Redwood Options complaints, you can contact customer support at any time. This company has a highly qualified staff, consisting of experts in Forex trading and derivatives, experts in risk management, professional accountants and, of course, professionals in law and the norms of international law. Therefore, customer service is conducted at a high level and is carried out by e-mail, online chat, by phone or via the contact form on the website of the broker. At the moment the site is available in English only, but you can get advice in Russian, French, Spanish and Greek. Moreover, it presents an extensive database of training materials. You will find informative and useful interactive e-book including a glossary of terms, trade academy, consisting of video lessons that allows you to learn the trade from scratch, as well as a training video course on different topics related to binary trading, trading psychology and money management.
Redwood Options Scam
Today, the topic of digital options is becoming more and more popular, and the number of companies that provide services in this area is becoming more and more. Most brokers offer favorable conditions and higher incomes, trying to attract more customers, but we know that in fact traders are mostly interested in secure trade and guarantee payments. Can it be said about Redwood Options scam or not?
Even with the absence of any license, this provider was able to take a firm position in the market. Most of all customers know a lot about good brokers. In general, you can see that this provider looks quite reliable, but still it doesn't have a license. But even licensed brokers can sometimes do very unethical things in their own rules, using the inexperience of their customers. Redwood Options is a relatively young company and you can hardly find any negative feedbacks and rumors about Redwood Options scam on the Internet. So, we can just urge you to be careful to read the terms of agreement with brokers and follow simple safety rules. Using standard tips, you won't get on Redwood Options scam.