No 1 redwood binary option review brokers
All a trader needs to do is follow these four simple steps to begin trading: Choose the asset you wish to trade. You can choose a stock, currency, index, commodity or a pair. Wait for the trade time to expire the trade will expire either in-the-money or out-of-the-money 4.
Collect your profits if you are in-the-money! To create an account, all a new user needs to do is simply log onto RedwoodOptions. Redwood Options offers three different account packages. Each package has different offers and bonuses and users can choose which package is best for them.
Opening an account with Redwood Options is easy and most importantly, free! After the user inputs their information to create an account, a Redwood Options account manager will contact them. The account managers will help the new users with any questions they have and will begin to help them start trading. Redwood Options has certainly a resourceful trader education department, with live webinars, one on one training for traders, and a library of trading videos and eBooks, which make them one of my preferred brokers.
The trading platform is currently based on the SpotOption trading engine, used by many other brokers in the industry.
Therefore they are not playing the card of innovation, but certainly those of reliability and usability. Unfortunately Redwood Options is neither licensed by a regulator nor falls under other main regulatory framework like MIFid in Europe, therefore I am eagerly waiting this happening to get them through with flying colours. 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.
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