Not Trusted Broker By BinaryOptionsThatSuck.com

Redwood Options Overview

Redwood Options
Redwood Options
Bonus: up to $100
Options Profability : 70-81%
Rating: 7.5 / 10

Basics

Broker Name: Redwood Options
Platform: SpotOption
Founded: 2012
Bonus: up to $100
Return/Refund: 70-81%/1-10%
US Traders Accepted: Yes
More Redwood Options Basic Information

Features

No. Of Assests : 60
Regulated : No
Demo Account : No
Deposit Options : C.C., WireTransfer, more
Language : English Only
Minimum Deposit : 200

Screenshots

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Review Last Updated 2014-04-23 10:31:21

Editors’ Note – Why does Redwood Options Suck in (or more than) 50 Words?

I didn’t have to look long to find something that sucks about them: it’s their “Daily Market Review” which is actually named “Weekly Market Review” once you click on it. Confusing, I know. Even more, I could say that it can’t be named a “review” if the week is not finished… maybe “preview” would be more appropriate… Ok, I want to stop complaining but I really can’t because almost everything in that “review” is copied and pasted from the Forex Factory Financial Calendar. Really, guys? Copy-paste?!?

 

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Why doesn’t Redwood Options Suck?

I like the design of their website, although it is very similar to other brokers. What makes the difference is the fact that it doesn’t seem clogged. Moving on from the design, they offer 81% payout on 60 second Options, really turning this way of trading into a [potentially] profitable one.

 

 

Redwood Options Full Review – Another “Leading Binary Options Broker”

They consider themselves a leader in this industry, just like almost any other broker out there… nothing new here and throughout my stay on their website, I realized this is the main drawback of Redwood: they don’t bring anything new but they want to be a leader of the industry. They were around for several years but only opened for the large public in March 2013 according to Yahoo Finance. I expected them to come out with something fresh, new and innovative but that is not the case and they even use the same old and overly used slogan “We focus on what really counts. You…”

 

On a more cheerful note, I like the payouts they offer and how they make use of the SpotOption platform which is widely known for its ease of use and high level of functionality. It is true that a lot of shady brokers use this platform, but I don’t think “shady” applies to Redwood Options. Everything about them is easily found and they don’t try to keep normal things a secret. Their address is Strada Mason Complex, Nr 25 BI Stoney Gro The Valley, Al-2640, Anguilla. Well, you will have to travel a long distance to get your money back if anything wrong happens, but hopefully that won’t be necessary because they look like a broker who wants to do real business, not scam people.

 

Taking a look at their educational material, I found some good tips and 4 video lessons, but only 2 of them are available to users who don’t have an active account. Anyway, the information contained in those 2 lessons is good and can give you an overall idea of how the market works. Without considering them a low-quality broker, overall Redwood doesn’t stand out in any way and they don’t bring any improvements to the Binary Options industry.

 

 

Is RedwoodOptions a Scam?

Given the fact that they are so new in the business (at least new to the large public), it’s too early to say if they are a scam or not, but so far it seems they are legit or at least we don’t have any reasons to believe they are not. Redwood Options seems like a strong brand, with bright future, but yet as said before – very fresh. Stay tuned for any updates.

 

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 Redwood Options Complaints

It’s quite an easy task to search for Binary Options Brokers complaints – Go to Google or whatever browser you’re using, search for RedWood Options complatins, scam, fraud etc and start searching. The search part is the easy one, now you need to dig dipper into the web and look for real comments. Unfortunately, Just like we said above, they are too young to have any complaints yet. We couldn’t find any unsatisfied customers.

 

Redwood Options Bonus

Their Bonus differs depending on the deposited amount. For $250 you will receive $50 as a bonus and I’ve been told by their Live Support representative that it can go as high as 100% for higher deposits. The wager is thirty times the bonus and you cannot withdraw your initial deposit until this requirement is fulfilled.

 

Redwood Options Withdrawal

You will have to provide some identification documents in order to withdraw funds from your account, you will not be charged any fees for withdrawing using a credit card, but you will have to pay $30 for bank wire withdrawals. They will process the request within 3 business days and another 5 to 7 business days must pass until you will receive the payment.

 

Redwood Options Extra

Unfortunately I can’t find anything that can be labeled “extra”. I hope they will improve this in the future.

 

 

Redwood Options Ratings

User Friendly 15/20

The Spotoption platform brings the user easy access to all features and improved functionality. The website is offered just in English which is a major drawback for a lot of customers.

 

Number of assets and expiry times 16/20

You can trade 20 stocks, 12 currency pairs, 7 commodities and 21 indices on the Redwood website, which makes for quite a satisfying basket of assets. The expiry times are enough to choose from, ranging from 60 seconds to an hour or to the end of the day. You can make use of the Option Builder tool to add more flexibility to your trades and you can also use One Touch Options.

 

Commissions, Support and Effective return 16/20

There are no commissions in order for you to register but you will have to pay a $30 fee if you withdraw using bank wire. Credit card withdrawals are free of charge. Their customer support is quite polite and helpful and the effective return goes as high as 81% so the overall conditions are competitive.

 

Deposit, Payment and Bonus 15/20

The minimum deposit is $200 and can be made using credit cards or wire transfer (some fees may apply to wire deposits). The payment request will be processed by Redwood within 3 business days and it will take an additional 5 to7 business days until the money will reach your account. For the exact conditions of the Bonus you will have to talk to an account manager but what I could find out from their Live Chat is that you will receive $50 for a $250 deposit and the other Bonuses can go as high as 100%. The wager is thirty times the Bonus received.

 

Website Extras 13/20

This is a weak category for them and although they are not exactly “extra”, the Video lessons are worth 12 points.

 

 

Redwood Options Rating: 75/100

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23 Responses to “Redwood Options”

  1. Betow says:

    it’s another way to Play roulette, but not with 200-300-4900% win, but just up to 180%. In their ads, if you stick to your choice, you have to win the 3rd or 4th time, I lost 6 times in a row, sticking to their rules, in no way recommendable! AND There Was NO BONUS, i laid in 250 bucks and got nothing, butr I’m cured of that scam now!

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  2. zeke says:

    I put in 250 & now have 133.
    All losses are my fault for not understanding the game enuf.
    Educating myself has always worked in the past.Educating myself in trading should produce or at least improve my chances.
    I will learn.

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    • Kevin Lee says:

      I appreciate your review Zeke. It’s good to acknowledge that sometimes the losses that we have are our fault, not the platforms. Trading currencies isn’t a simple game, it takes diligence and patience. I’m considering taking up Redwood Options to trade with. Hopefully there aren’t any issues. Once again, I can’t tell you how much your review really means to me.

      Kevin

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      • Roy Sheen says:

        They are all a bunch of crooks. I joined the 1% club and they blew my account the first day. Sorry bunch of assholes.

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    • Steve says:

      How are you going to educate yourself to these odds? When you lose, you lose 100%; when you win you win 80 or 84% ? You have to be right way more than wrong, JUST TO BREAK EVEN! You can’t win in the long run. You will lose all your money here. And that’s if its a fair game. In this unregulated agency, you don’t know if it’s even paying fairly! And ask for your money out of your account occasionally, see how that goes!

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      • Kevin Lee says:

        Hi Steve,

        There are many ways to educate yourself. For one, you can learn different methods of trading forex and use that to trade binary options i.e. fibonacci retracement, support and resistance lines, etc. Use those to trade, and with practice, you’ll beat the odds. That’s what i’m doing now and so far it’s paying off.

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        • Chin says:

          What other techniques would you recommend to learn , that I can use in binary?
          Thanks

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  3. William says:

    Can this broker be trusted?Anyone here used them please let me know.

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    • Steve says:

      Before I invested bigger money, I opened an account and funded it. I then asked for my my money back. THEY WON’T refund! They keep being nice and saying they will, but NEVER DO! You will probably lose ALL your money here, or they will just keep it all anyway!

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  4. steve says:

    after four trades out of five went bad due to being told what to do by a broker that seemed like he needed a good holiday.I complained to livechat and my account was to be reinstated to $1,500 the next business day (mon) that was four weeks ago now and I am still getting the evasive run around and time wasting crapola this joint is a steaming pile of crap if you want to lose you’re money they just do not have the time for average joe and their brokers and management have communication issue’s with their customer support Wrong Way Go Back

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  5. Joe says:

    After speaking with a broker they made it sound so easy to make money but found they were very pushy about me investing $10,000 which raised alarm bells & when I raised my concerns they hung up on me.

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  6. Alan says:

    I have traded with Redwood twice since May 2012. Both times I began with $250 deposit (debit card) and both times I withdrew $250 (via debit card). I was up and down during my trading both times, ( which is normal in my opinion), and once I got down to my initial deposit, I chose to withdraw so as to ensure I didn’t lose any money. My only complaint with Redwood is that you can only withdraw up to your deposit amount via the same way. If you wish to withdraw more than your initial deposit, you must withdraw via bank transfer. That might not be a problem if you bank with a worldwide or even major US bank. However I bank with a local credit union and a transfer there must first go to a major bank, then be sent to the CU under my account info. The withdraw form on Redwood does not list the additional step required for my CU, so I would suggest you contact Redwood accounting prior to depositing and trading if you bank with a CU in the US.

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  7. jamaal says:

    I haven’t tried redwood options yet but I am going to find out if they can be trusted. When and if I do make money … f the bullshit ima save the site in my favorites.. email me anytime….wadedealer1@yahoo.com

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  8. jamaal says:

    Point blank i will not sell u on anything! any links.. nothing! this is to tell if it works or not! give me a couple weeks and I will try it out! if they are full of crap. or are they legit? time will tell!

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  9. Max says:

    They will not repay my balance ? .. I think they are a scam!!
    They started all the paperwork .. (interesting that) as to deposit is super easy .. but to get repaid wanted photo id, utility bill, front & back of my credit card.. then they kept emailing saying they couldnt read it … I kept rescanning & resending … now they wont reply to emails.. they owe me $3000 ..
    Ive emailed them everyday for 2 weeks .. live chat just refers me to accounting … accounting has no phone number .. be very careful…with this one ..

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  10. Watching Quietly says:

    Redwood and the likes of it are promoting stuff online and luring people to them and playing dumb.

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  11. Mousa says:

    Be very careful, they continuously persist you to increase your deposit and want you to sign bonus agreement online very quickly. Then they will send you some trading signals which will be failed a lot. After, your dissatisfaction you want to close your account and withdraw your money, but you can’t, because they’ve got your sign for bonus agreement before. They wont send you any more trading signals, and also you can’t withdraw your money. In fact they use your money and you are loser. Don’t enter to this cheating system.

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  12. King says:

    Has there been anything new with this broker? scam? legit?

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  13. Richard R. says:

    I have been trading with Redwood for about a month now and have had nothing but success. I feel like most traders lose trading binary options because they go in with no strategy. If you make 5 bids for $100 a piece, yes you will lose your money because you have no way to cover your losses without winning multiple times in a row. There is a solid strategy for this that I use that has allowed me to make far more than a full-time income. I would be happy to share these strategies with anyone at absolutely no cost. I would like to help newer traders succeed in this amazing opportunity. To do so I will be making youtube videos. If you have failed because of a lack of strategy please stop calling good opportunities a scam. You turn off people looking for real opportunity and it does exist. Like one individual said educate yourself first. You will do great if you go in with the correct approach. Knowledge is key in any industry.

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  14. Jennifer says:

    Being in the US and theres not much to choose from, I like Redwood Options. They’re customer support is good compared to others. I had a problem with firefox and trading on their website. They understood and refunded me my initial deposit because of this without a hassle. Point is, if you want to get your money do not get a bonus, don’t trade without a strategy that you’ve backtested for a while, and don’t follow brokers signals. None of these brokers actually want you to win, that is the truth with ALL of them. If you don’t have common sense trading is not for you in general.

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  15. Rick says:

    I lost all but $4.50 on Redwood Options. Most of it was lost on one minute options. I bet on trends based on graphs from the last few minutes and found that graphs change quickly when your money is at stake. I found an account with an upword trend where the public had a 60 percent or higher Put. I doubled my bet on every loss was supposed to be guaranteed to win on the 5th bet. It didn’t. I saw changes in the graph that can only be accounted for by fixing the computers to steal. Internet Explorer does not keep you updated and they have glitches that cause the screen to blank out with Chrome just before a bid ends – of course I lost. Sometimes my bid was green right thru the bid into expiring and then it came back with a loss, but the price showed I should have won. Too many things going wrong not to suspect it was rigged.

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  16. jose says:

    no support and everytime i had an issue they say to email technical support i never get a response from them when i ask specific questions they say they would call me back………another funny thing is they are supposed to be based in great britain,but every time i speak with one of them ,not one of hem ever had an english accent..
    i got screwed folks hey i know the bussiness you win some you loose some.worst of all is there expiary times sucks…….they took my money to pay another thats the game .never again and im sure you got some straight up binary brokers out there ,just be carefull where you put your money………

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  17. mike says:

    Don’t trade at Redwood. They change the market price and make you lose money. Nobody can make money Here.

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