Red Wood Review

MIN. DEPOSIT $200
Up to 300% PAYOUTS
Up to 100% BONUS
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Red Wood
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Overview

Broker information Managed by Hampshire Capital Ventures LTD, Redwood Options is one of the foremost brokers in the binary industry. Domiciled in the United Kingdom, it has an excellently devised… more

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Details

BrokerRed Wood
Website URLhttps://www.redwoodoptions.com/
HeadquartersCavell House Stannard Place, Crispins Road, Norwich, NR3 1YE United Kingdom
Support Number0-800-520-0936 (Toll Free)
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish
Minimum 1st Deposit$200
Minimum Trade Amount$5 (60 Seconds); $10 (Binary, Long Term, and Pairs); $25 (Ladder); $50 (all others)
Maximum Trade Amount$500 (One Touch, 60 Seconds, Ladder); $3,000 (iFollow); $5,000 (Binary, Long Term, and Pairs)
BonusUp to 100%
PayoutUp to 300%
Free Demo Account No
Deposit MethodsVisa, MasterCard, Visa Electron, Bank Wire, Maestro, cashU, JCB, E-Wallet
Withdrawal MethodsVisa, MasterCard, Visa Electron, Bank Wire, Maestro, cashU, JCB, E-Wallet
Expiry TimesFrom 60 seconds to 7 days.
Types of AssetsCurrencies, Stocks, Indices, Commodities, Forex
Account CurrencyUSD, EUR, GBP, CAD, JPY, RUB, AUD
US Traders Allowed No
Islamic Account: No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Broker information

Managed by Hampshire Capital Ventures LTD, Redwood Options is one of the foremost brokers in the binary industry. Domiciled in the United Kingdom, it has an excellently devised and fully web-based trading platform which guarantees ease of access, simplicity, and reliability of trading. The experts behind the creative website of Redwood Options are adept in risk management, Forex, and derivatives. The website comes in English only which is a bit disappointing

Accounts

A great assortment of five different accounts is found at Redwood Options. To start trades via a Mini account, an initial deposit of $500 is necessitated. Opening a Starter account at this broker requires a minimum amount of $1,000. Investors who wish to trade via a Silver account, which is the recommended account at this broker, need to supply it with at least $5,000. For elite traders, Redwood Options has devised a Gold and a Platinum accounts. The minimum deposits to launch these accounts are $10,000 and $25,000 respectively.

Deposit and Withdrawal Options

Redwood Options’ utmost priority is the security and safety of the personal details of its customers. For this reason, it has crafted a large array of secure, convenient, and reputable deposit options so that transferring funds to your account is executed with ease and in a number of world currencies.

The accounts can be denominated in Euros, Canadian dollars, Japanese yen, American dollars, Russian rubles, British pounds, and Australian dollars.

 

Withdrawing sums from Redwood Options is done just as efficiently. A trader may transfer the cash into his or her account in the desired currency and in the preferred, safe method which suits him or her best. Shortly afterwards, the investor will be able to see his or her cash.

Bank Wire, VISA Electron, JCB, VISA, cashU, and MasterCard are the payment methods at Redwood Options.

Features

Perhaps the best feature of Redwood Options is its “iFollow” option which enables users to follow leading traders and copy their strategies if they desire to do so. The “Short Term” option – “60 seconds” – varies from 60 seconds through 90 and 120 seconds to 3 and 5 minutes. It can yield 70% payout. In addition, there are “Long Term” options (75% payout), “One Touch” (up to 240% payout), “Ladder, “FX/CFD”, “Pairs”, and the classical binary options with payouts up to 81%.

Education

To enhance its users’ continuing success, Redwood Options has developed a thorough education academy which is jam-packed with good features. A digital trading book teaches essential terms and definitions and includes the basics of trading psychology and behavior. For registered users, Redwood Options provides basic and advanced technical analysis in the form of video tutorials. In addition, there are live webinars and an FAQ section.

Customer Support

Redwood Options is striving to offer a superb support with high levels of professionalism, convenience, and attentiveness at any point of time. Customer service can be accessed through eight phone lines across the world. A web-form, a live chat, and an e-mail assistance are also offered to clients of Redwood Options.

Bonuses/Promotions

All accounts are eligible for a free eBook, educational videos, and starter webinars, as well as welcome bonuses. The bonuses for the Mini and Starter accounts are 25% and 30% respectively.

The Silver account gets an account manager, 1 academy session, and may choose between either 50% bonus or 1 risk-free trade.

Gold account holders receive 2 academy sessions, signals webinar, account manager, and the option to choose between 75% bonus, 3 trades free of risk, or 1 trade with a guaranteed profit.

Holders of Platinum accounts get an account manager, 3 academy sessions, signals webinar, weekly signals through e-mail, same-day approval and may choose from 3 guaranteed profit trades, 5 risk-free trades, or 100% welcome bonus.

All accounts are eligible for referring friends and after they successfully sign up, their referrals will get a reasonable cash bonus.

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