Redwood Options is a newer broker headquartered in London, UK. Redwood Options was created by the same team who brought us TradeRush, a trusted and popular broker.
The downside to trading with Redwood Options is that they do not accept US clients are currently not regulated by any overseeing agency. But luckily, there are several positive elements to trading with Redwood Options.
Redwood Options Accounts
Redwood Options offers only one type of account, which requires a minimum deposit of $250. The maximum payouts stand around 85%, with the minimum trade size being just $10. In 2014 Redwood Options updated their trading platform to the latest SpotOption platform, a sleek and simple trading interface that now allows traders to copy the trades of others using their new iFollow social trading feature.
Beginning traders will be glad to realize Redwood Options offers plenty of educational material. This includes everything from live training webinars and one-on-one training to a video and eBook library packed full of helpful tips and strategies.
Redwood Options Platform
As mentioned above, Redwood Options runs on the widely acclaimed SpotOption 2.0 platform. They offer over 250 trading instruments – one of the largest collections in the industry – and multiple ways to take trades and make money.
The types of trades and payouts available through Redwood Options includes:
- 60 Seconds
- One Touch
- Long Term options
- Ladder options
High/Low option payouts can go as high as 85% – which is even higher than their sister company TradeRush, One Touch option payouts can reach up to 500% returns.
Redwood Options also allows traders to trade regular Forex and CFD’s without expiry times. This is a relatively new feature being implemented by some FX option brokers, and so far the feature has been well received by traders.
So is Redwood Options a trusted FX options broker? Although they have not yet received regulatory status, their timely customer support combined with their diversified trade offerings makes them a standout broker. Traders have had little to no problems trading through Redwood Options and we’ve had a similarly positive experience. Highly recommended broker.