Redwood Options Broker ReviewReviewed by Binary Option Insights
Redwood Options is a new binary options broker which comes fully loaded.
Redwood Options binary options broker is fairly new on the market. At first glance you might think it’s fairly similar to some of the other broker offerings online, but look closer and you’ll find yourself happily surprised. It still has a little work to beat the big boys at the table, but in many ways it has more to prove and more to offer it’s binary options traders than the more established brands.
Because what Redwood Options is proving is that being new to the market doesn’t mean that it’s platform should lack in trading features. Oh sure, it might lack some of the razzle dazzle of the bigger brands, but what’s important here is the trading options it provides.
Here you’ll find some of the best option types we’ve come to expect, such as the One Touch and 60 Second Options, but what makes it stand out from the rest is their Open Platform. This allows you to see the whole binary options trading environment beautifully and gives you insights into what other traders are doing, bringing a social aspect into the binary options market.
The Option Builder is a great additional touch allowing you to customise your trades as you go. Select the type of contract you want, the expiry time, financial asset, risk VS profit ratio, and how much you wish to invest, and done! Expert traders will love the greater flexibility and the ability to tailor their trades according to their specific expertise.
This Broker Packs a Solid Punch
The range of assets available is decent (over 158 in our counting), including commodities, stocks, indices and forex currency pairs. They have also recently added stock pair trading in to the mix with 24 pairs available. More importantly these, as with the whole trading platform, are easy to navigate and very clear, making trading binary options almost effortless.
An instrumental part of what Redwood Options provides is its up to date financial news and educational section. What it lacks in finesse, it makes up in trying to provide you with the best tools to trade with, including weekly financial market reviews giving you historical insights into what future trades might hit high or low. These financial tools are really indispensable and we found ourselves browsing this section for longer than expected.
It’s hard not to make the obvious comparison to the broker TradeRush, which has a similar look and feel, but is a far more established trading platform. That said, given time we firmly believe Redwood Options will start to differentiate itself over the next quarter and establish itself as the binary options broker of choice.