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RedwoodOptions Review:

Website: redwoodoptions.com
Since: 2013
Payout: 81%
Min Deposit: $200
Currencies: USD, EUR, GBP, AUD, CAD
Languages: English

General Overview

Redwood Options is a fairly new binary options site based out of Gibraltar and London. Founded by veterans of the industry, Redwood Options offers a superior product, which has led the site to be one of the fastest growing binary options brokers on the web. Their platform is owned and operated by Blue Sky Solutions and, like many platforms, uses Spot Option software. What sets Redwood Options apart from the rest are its Trading Academy and bonus programs. The trading academy is based on a progressive learning structure that requires the client to pass each level before proceeding to the next. This gives clients new to binary options trading the education to get started off on the right foot. Redwood Options offers one of the best bonus programs in the industry, with three different options when you make a deposit.

Platform

Redwood Options uses Spot Option software to support their platform. Considered the standard and best in the industry, Spot Option offers clients a friendly, clean interface that is reliable and fast. Redwood Options gives clients many of the standard trading tools including: 60 Second Options, Classic Up/Down Binaries, One Touch Options, and Option Builder. In addition to these tools, Redwood Options also offers tools like Rollover, Double Up, and Open Platform Mode. The Double Up feature is particularly popular on Redwood’s platform. If you are nearing the expiry time on a trade and notice that the direction you have invested in is doing well, you have ability to reinvest by selecting “double up”. This allows you to have a second trade with the same conditions, therefore doubling up your investment and doubling up your potential profits. There are enough features on this platform to satisfy the most advanced traders, but are easy enough to learn for beginners.

Reliability

Redwood Options is committed to the security and reliability of its platform. What is unique about them is that they encrypt all of their Internet traffic with their clients. This is done by Secure Sockets Layer (SSL) standards. Aside from security, Redwood Options also complies with international anti-money laundering regulations. They ensure that every transaction is done according to those regulations. In addition, clients are asked to prove their identity by sending in a photo-ID and utility bill in order to comply with 2001 international banking laws. Traders are provided with multiple avenues for depositing money including: credit/debit, eWallet and wire transfer. Unfortunately, Moneybookers is not currently available through Redwood Options.

Customer Service

Redwood Options works diligently to live up to their corporate philosophy and provide their clients with exceptional customer service. The mutual interest in client success drives their service team. When a client opens an account, they receive a person account manager. This is to help walk each customer through the initial set-up process and answer any questions they may have. Customer service is available 24/6 and traders can easily access support through email, live chat or hotlines. It is worth noting that their customer service is not 24/7 like other brokers and there have been reports of longer wait times (5-10 minutes) to talk to a representative.