Redwood Options review showed us they offer great service and excellent trading options. We found layout and design is very modern and clean in our Redwood Options review. There is no “noise” just straight forward binary options trading. Please note, since the beginning of 2015 we have updated the Redwood Options Review to reflect the fact this broker does NOT accept US customers.
When you are about to deposit you will be offered 3 different bonuses. Not everyone prefer to get a bonus since it puts restrictions on your account. The bonus money makes you subject to a minimum wager requirement. Its important when making a Redwood Options review that you take into account that real money bonuses needs wagering.
- Redwood Options Mini: Deposit $200 – $999 = 30% bonus, Daily Market Reviews, Free phone and Live Chat support
- Redwood Options Executive: Deposit $1000 – $4999 = 70% bonus, expedited withdrawals, an account manager + one risk free trade!
- Redwood Options Gold: Deposit $5000 – $10,000 = 100% bonus, same day withdrawals, a senior account manager, trading strategies, money management training, advanced portfolio structure + five risk free trades!
You can trade as little as $5 on the 60 seconds options, which is lower than the industry standard. On request you can get a free e-book and learn about binary options trading.
The banking operations at Redwood are decent. They allow deposits and withdrawals by credit cards, wire transfers and the eWallet CashU. The eWallet is my choice as it makes deposits and withdrawals much smoother. Accounts can be denominated in dollars, euros, yen, rubles, pounds and Aussie dollars with a minimum deposit of $200 or equivalent. There is a max deposit of $5,000 for credit cards and you will have to provide the proper documentations proving ID, regardless of method.
Withdrawals will take up to two standard weeks to appear back in your account. The broker will take three days to process and submit the request for payment and then 5-7 business days for payment. This can be shortened by using the CashU method but still expect several days. The minimum for withdrawal is $100 ($500 for wires) with no fees ($25 for wires).
Bonus Money – Redwood has a couple of bonuses available upon deposit, up to 100% of initial deposit, and others from time to time. The standard minimum trade volume is 30X the bonus, which is not too bad. You will have to meet the bonus before it is available to withdraw and any requests for withdrawal will negate the bonus and any profits derived from it. . . . so don’t make any withdrawals until you meet your bonus requirements.
Payouts are pretty standard for SpotOption based platforms. This means around 80-85% on average with some much higher. The ladder options provides the best opportunity to make higher returns but takes a more savvy trader to reach success.
Redwood Options offer 10% Cash back on all lost trades! This is one of the best features in our Redwood Options review.