What it is
Redwood Options is a binary options broker. They specialize in giving their clients a great experience while eliminating a lot of the hassle found within other brokers. Trading is as simple as clicking a few buttons. They have several types of options for you to choose from, including the traditional call/put options, one touch, and short term 60 second options. The more choices a broker gives you, the closer you can get to finding that perfect trade, and Redwood goes out of their way to try and give this to you.
This broker is based out of London, England, and has a great reputation within the binary options world. If you’re looking for a top site with good reviews, this broker will not let you down.
Opening an account
You need to be 18 to open an account with this broker. You will need to fill out some forms with your personal information, such as name, email, phone number, and address. This is so the broker can identify who you are and it helps them to protect your personal information and account, too. On this screen you will also select your base currency. You can choose from the U.S. dollar, the Euro, the Australian dollar, the Canadian dollar, and the British pound sterling.
Once you create your account, you are then able to fund it. Redwood Options takes major credit cards like Visa, MasterCard, and American Express, some ewallets, and wire transfers direct from your bank. In order to fund your account or withdraw cash from it, you will need to send some materials over identifying yourself. A picture ID, proof of residency, and a copy of your credit card can be faxed over. Remember, this is all to protect you and your money, so these steps are definitely worth the slight hassle.
If you do experience any difficulties, the Redwood staff has a couple different ways in which you can get help. They can answer your questions by email, phone, or live chat, whichever is the easiest and most convenient for you.