Want to profit from binary options trading?
Looking for a reliable binay broker to invest with?
Wonder if the RedWood Options scam rumors are true?
Binary trading is an easy and accessible way of increasing your income and earning money online, provided that you take some precautionary steps. Choosing the wrong binary options company can turn this investment into a bad experience. Learn everything about the fraud accusations directed at RedWood Options and discover if this broker suits your financial needs.
What is RedWood Options?
RedWood Options is a young and innovative binary options company that has had quite some success reaching out to clients searching for high quality customer service and assistance in learning the strategies with which to invest in binary trading.
Launched in 2013 and based in London, UK, RedWood Options caters to the American and British markets, although it has been welcomed and approved by traders in Canada and Australia as well. A SpotOption white label, RedWood Options is a new opportunity for online traders seeking to diversify their investment portfolio.
And how does RedWood Options compare to the main binary corporations?
24Option on the other hand, does have unique offers, as a leading binary broker worldwide. Among those are risk-free trades, guaranteed asset prices, same-day withdrawals and a free signals service. This binary broker focuses on giving North American traders the tools they need to profit online:
UBinary is another company offering certain benefits. Above all, their new signals service, a trading software that enables you to profit from any market situation, is a tool equal to none and one definitely worth taking advantage of when increasing your profits:
Here is what RedWood Options offers: More than 80 trading videos that help you learn about risk management, trading strategies and profit-making. Besides having the largest video library of the binary options field, it allows you to sign up to a free webinar, where professional investment advisers teach you the secrets of online trading.
RedWood Options has the experience and know-how reserved to the top binary options brokers. It has been able to assemble a serious team of professionals which are always there for their clients. If so, why is RedWood Options involved in scam rumors. Is there truth to this fraud denunciation?
Is RedWood Options reliable?
Binary options is a high-risk financial derivative. This speculative investment allows you to gain a huge and constant return on your investment, but there is a real potential risk of losing the entire sum.
Binary brokers need to be very straightforward about the odds and dangers of digital trading, and those who do not offer enough information to clients, such as 24option or Cedar Finance, can be accused of a deceitful marketing strategy.
RedWood Options are careful about informing you of the benefits and hazards involving binary options, and therefore cannot be accused of fraud. Nonetheless, since many customers in the binary field are reckless and do not use sound investment strategies, this clients end up squandering their monies. Afterwards, and mostly as a result of frustration, they accuse the brokers of scam. The truth is, though, that investors should be smart enough to understand that an investment that can create a 80% profit in minutes, has to involve a reasonable amount of risk.
RedWood Options asset index
Each binary options broker offers a unique asset list from which customers can select the options they wish to trade with. There is great relevance to the asset index, since its diversity will establish the type of investment portfolio each client can form.
RedWood Options’s selection of assets is considered mid-sized within the industry, and will be enough for any customer venturing in binary options for the first time. More experienced traders with set trading strategies and a broader investment method might find the asset index insufficient.
Formed of commodities, currencies, stocks and indices, the RedWood Options list does have the more popular options in each category. With an average payout of 80% and the excellent online assistance offered by this broker, certainly this section of the RedWood Options site will give you no trouble.
Please do consider, though, that is you are planning on using a sophisticated binary trading signals software, such as Algobit or Binary Pilot, you will need to choose a more experienced broker with an asset index suitable for such tools.
RedWood Options Scam – Summary
- RedWood Options is not a scam. This broker explains the pros and cons of binary trading with transparency
- RedWood Options is an experienced broker and can be fully trusted
- It has a large video library with excellent trading tutorials, and as of 2014, its videos are considered the best in this industry
- RedWood Options is based in London, and is legally owned by Blue Sky Solutions which is currently processing its regulation documentation in Europe
- Although some scam accusations surface in forums regarding this broker, it has been able to avoid major criticism simply by offering an excellent service
- It also alerts clients about the need for risk management and the need for caution when trading online
- With reasonably high payouts and a varied asset index, combined with amiable account managers and highly professional financial guidance, RedWood Options is a good choice for new binary traders
- If you are an experienced trader wishing to invest higher stakes while using intricate binary trading strategies you may also want to choose 24Option or UBinary