RedwoodOptions Review, The platform is owned and operated by a holding company known as Blue Sky Solutions (BSS). RedwoodOptions is one of the newest binary options brokers that joined the binary trading industry in 2010. RedwoodOptions pride themselves as being different from other brokers in the industry by learning from the mistakes and weaknesses of other brokers and turning them into strengths which Red Options can capitalize on. The recent introduction of the “Trading Academy” is an example of their initiative thinking. Through the trading academy suite, a trader can take his training based on a progressive learning structure. In simple sentence, the trader has to “graduate” first before he gets to proceed to the next higher level of the trading program.
RedwoodOptions Review | Trading Platform
The Redwood binary options platform offers a total of five different ways to trade. There is the standard high/low binary option, one-touch binary options, 60-second options, custom build option contracts, and the pop-out options chart pictured above that allows for using the “close early” trading feature. Actually, if you count pair options contracts that would make for a total of six trading options.
RedwoodOption’s platform is very clean and easy to use like most other good binary options platforms. And one thing which we did notice during our time at RedwoodOptions for this review was that there was rarely any lagging and even more rarely any “prevented” trades. By “prevented” we simply mean that when you go to place a trade with your binary options broker, instead of it going through you get a message saying it cannot be completed. Often, some brokers will do this and that is because it seems like it is simply whenever they feel the odds are against them. And so, the fact that it almost never happened in our thirty-days at Redwood is a pretty darn good sign.
The RedwoodOptions platform is 100% web based and you do not have to download any software to being trading binary options. This broker is using the famous Spot Option software that is very easy to use and requires no prior trading experience. While trading binary options, you can obviously select call & put (up or down) options. On top of that you have two features called “Double Up” and “Rollover” options which are unique feature of this broker.
RedwoodOptions Review | Deposit and Methods
With Redwoodoptions, you can open an account with a minimum deposit amount which is $1000. You will get the benefits of a Bronze member after depositing the minimum amount. You will get a 50% welcome bonus on your first time deposits.
To deposit or withdraw money, Redwood option has offered different payment methods such as Neteller, Mastecard, VISA, BankWire and more. The withdraw method is fast compared to other binary options brokers.
RedwoodOptions Review | Payout Rate
Payout rates that Redwood Option offers, is very high and consistent. The usual payout rate is 75% to 83%. They also have policies to refund some portion of their client’s losses, which proves that, they are genuine and highly dedicated to give better services to their clients.
RedwoodOptions Review | Customer Support
Living up to their corporate philosophy, RedwoodOptions’ customer support is commendable. “RedwoodOptions provides unparalleled service to our traders due to our mutual interest in client success. It benefits us to provide clients with all of the tools necessary to succeed.” – According to one of RedwoodOptions’ account manager. Customer service is available 24 hours/ 5 days, traders can easily access the support services through email, live chat or calling their office.
RedwoodOptions Review | Reliability
In terms of security, RedwoodOptions encrypt all their internet traffic with their clients using the Secure Sockets Layer (SSL) standards. With this platform, you will get guaranteed security to your trading account and your personal information. In addition, to ensure that all funding transactions and withdrawals are in compliance with international anti money laundering regulations, RedwoodOptions have provided traders with various means of fund transfers.
RedwoodOptions Review | The Good
The most positive part of Redwood Option is their “Beneficial Trading Academy” and full time dedicated support team. Along with these, you will get free market analysis tool, higher payouts and a reliable trading platform. We have received some good reviews about their payments. The user of this platform get regular payments according to their request (within 3 to 7 days).
RedwoodOptions Review | The Bad
While researching about Redwood Option over the internet, we have found some conflicting info on other website. And we found that, these conflicting news were made by some of Redwood clients who were unhappy with their services. But, we did not find anything odd here.
The negative part of this broker is their minimum investment plan ($1000, which is very high for any trader. We also experienced that, Redwoodoptions takes 3 to 7 days to process the withdrawal request.
RedwoodOptions Review | Conclusion
Although RedwoodOptions is a very young broker in the binary options industry, this broker is already drawing considerable attention among the trading circle due to their proactive views. Hopefully, as time goes by, we will get to see more good things coming from them.