Redwood Options Review

Redwood Options Review

Redwood Options is a London-based binary options broker, registered under Redtulips Consultants, Ltd. (also known as Swiftriver Capital, Ltd.) Redtulips/Swiftriver may also be associated with a new company, Flowingstream Capital, Ltd.  All three companies appear to be rotating ownership of at least three binary options companies including:  Redwood Options, Magnum Options, and Cherry Trade.  Despite Redwood Options’ confusing (and fishy) ownership history, customers seem to be satisfied.

Redwood Options is a London-based binary options broker, registered under Redtulips Consultants, Ltd. (also known as Swiftriver Capital, Ltd.). Redtulips/Swiftriver may also be associated with a new company, Flowingstream Capital, Ltd.  All three companies appear to be rotating ownership of at least three binary options companies including:   Redwood Options, Magnum Options, and Cherry Trade.  Despite Redwood Options’ confusing (and fishy) ownership history, customers seem to be satisfied.  Moreover, their SpotOption platform is clean and simple—offering great new features: strategy advisor, ifollow, and ladder options—and their education selection of videos and reading material, while rudimentary, are helpful and ascertainable.

Scam Report

Redwood Options is not regulated by CySEC, SEC, CFTC, FSA, FCA, or any other financial authority.   However, no fraud or scam complaints have been found.

Deposit Information

In order for a deposit (or withdrawal) to be successfully activated with Redwood Options, identifying information must be provided to the company’s accounting department.  The minimum deposit is 200 EUR, 200 USD, 200 CAD, 200 AUD, 200 GBP, or 20,000 JPY via credit card, debit card, wire transfer, or WebMoney.  For a wire transfer, the amount must be over 500 USD (50000 JPY), with applicable commissions.  And finally, there is a maximum deposit of 20,000 USD if using a credit card.

Bonus Information

Redwood Options offers a $50 bonus for referring a friend who deposits $200.  Additional bonuses are offered at the discretion of an account manager.  All bonuses come with terms and conditions for withdrawal.

Trade Options and Payouts

Redwood Options generally offers payouts between 70%-85%, but their One Touch options payout up to 550%.  Redwood Options also credit out-of-the-money trades up to 10% of a losing trade depending on the option purchased.  Minimum and maximum trades depend on the option:  $5 minimum (60 second), $10 minimum (regular binary options, pairs, long term), $25 minimum (Ladder), $50 minimum (One Touch, iFollow), $500 maximum (60 second, One Touch, Ladder), $3000 maximum (iFollow), $5,000 maximum (regular binary option, pairs, long term).   

Conclusion

Redwood Options is best suited for a newbie trader who wants a simple interface and introductory learning materials.

redwodoptions


Official Website: www.redwoodoptions.com

Phone Number: UK Toll Free:  0.800.520.0936, USA/Canada: 1.800.986.6750

Trading Platform: SpotOption

Restrictions:  USA traders

Regulation: None

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