Trading in binary options has increasingly grown in popularity in the United States of America. The main cause of this popularity is the fact that this whole industry of binary trading was born in the USA. Therefore, there are many binary brokers who accept US-based traders today. Redwood Options is unfortunately not one of the brokers offering binary trading services to traders located in the United States.
US regulatory agencies have different regulations regarding binary options trading as it is practiced around the globe. Despite this, today traders will find numerous US friendly binary brokers offering their services on the market.
It is highly unlikely that the US will adopt laws or regulations that ban US-based traders from registering with binary brokers operating from outside the US. Redwood Options however due to other restrictions decided to focus on EU customers so they do not accept USA customers.
However, regulatory agencies are not always happy to see certain binary brokers operate outside the US. This is why you should rely on BinaryPreview list of best US binary options brokers. The good news for Redwood Options customers is that this broker will inform their customers their accounts cant be created if they are from the US.
The SEC and CFTC are both charged with the duty of supervising financial services markets in the United States. The current rules of the two organizations can’t deal with brokers who do not operate in the US.
Redwood Options has great reputation in respecting the security and safety of trader’s investments. Should the broker break the stringent rules and regulations it has imposed upon itself, they are likely to lose their clients. Fortunately, Redwood Options takes great care in its adherence to all the best business practices to ensure the security and safety of trader funds.
Because offshore binary brokers are not subject to the laws of the United States, traders are permitted to register with them. Redwood Options however didn’t want to offer this possibility since they are focusing on EU market at the moment. This is why there are no Redwood USA accounts available. However, US traders can sign up with Finpari, one of the best brokers which accepts US traders.
Redwood Options Demo
Demo accounts in binary options are a valuable tool to have, when trading binary options. Demo account is especially intended to inexperienced traders who want to practice and learn all tricks of successful binary options trading.
Redwood Options in one of the trusted platforms that offers demo account to their traders worldwide. Redwood Options demo account simplifies the process for both beginner and pro traders in trying out this broker’s trading platform, without risking real cash.
This account also enables traders to figure out how trading binary options works, and then test out their trading methods and strategies. This account is also a great means of developing individual trading skills free of charge.
To access Redwood Options demo account, traders will first need to sign up on the Redwood Options website. Afterwards, they can begin trading on a virtual trading platform that live support can open up once they request the same. Redwood Options demo account will enable traders to practice trading binary options with virtual money, and still maintain the regular features of a real trading account.
This is just one of the reasons why Redwood Options demo trading in binary options is different from the simple simulation of markets. This is also what makes demo trading popular among pro traders who use these as useful tools to test out their trading strategies. While reviewing this broker we noticed that on Redwood Options demo, traders can use a variety of assets and trading instruments, just as real account holder would.
The Redwood Options demo is designed with new traders in mind, as well as traders who want to enjoy the excitement of trading without the risks of capital loss. Pro Redwood Options traders typically maintain their demo account to forward-test current trading strategies before they apply them to the real market.
Beginner traders will also find the trading practice offered by demo accounts highly valuable and beneficial in teaching them to trade. While there are no financial risks, Redwood Options demo gives the trader a good idea on whether they have a chance at enjoying profits in real trade or not.
Redwood Options demo account allows beginner traders to familiarize themselves with this trading platform, the features offered and specific kinds of binary options.
This broker offers several trading accounts with different characteristics for each. According to that, demo virtual money amount also varies on which account type traders choose. Traders who join this trading platform want to know more regarding amount of virtual money and how long is Redwood Options demo account available. We recommend traders to contact their customer support service or personal Account Manager who will provide them accurate and detailed information regarding Redwood Options demo account.
Redwood Options Trading Platform
The Redwood Options trading platform is secure and simple to use for both traders beginners and pro traders. This broker uses the famous SpotOption trading software which is very simple to use and does not require any prior trading experience. Successful investments on this trading platform will typically yield a return up to 81%.
In addition to this, traders also have access to 2 innovative features on Redwood Options trading platform: Double Up and Rollover. The Double Up feature is ideal for traders who get close to the expiry time with the direction in which they have invested seeming to be on fire. The trader can then redo this investment by simply pressing on “Double Up”. This will provide them with another trade with the same conditions at the current price. Traders also get to double up their investment as well as their potential profits.
The Rollover is a great tool for traders who want to lower their exposure during the early phases of their trading on Redwood Options. If your prediction is not going as expected, you may expand the timeframe and receive an extra 30% of your investment. Therefore, in the event that you place a $100 trade, you will need to invest $30 more for it to roll over to a later expiration time. However, this feature is not available for the end of day options trading services on Redwood Options.
Traders have on disposal to choose among several different trade options, including High/Low, Pairs, One Touch, Meta Charts and Option Builder. Also, they get to select preferred expiry time. This broker offers following: 60 sec, 15 min, 30 min, 1 hr, 24 hr + end of day and end of week.
Redwood Options trading platform offers one of the best list of assets, such as stocks, currencies, commodities and indices. The full list of assets can be found under Asset Index tab on the Redwood Options trading platform.
Redwood Options – Binary Options
Redwood Options binary options are digital options or fixed return options that are simple for anyone to trade with, whether they are a beginner or pro trader. Redwood Options is one of the leading brokers offering binary options trading services in one of the fastest growing sectors of the financial world today.
Redwood Options binaries enable traders to predict whether the value of their chosen asset will go up or down. On the Redwood Options trading platform, traders are able to trade in stocks, indices, commodities and currency pairs. Traders do not need to buy or own the asset in order to trade in binary options.
Alternatively, the trader may predict the direction in which the asset price will go. There are only 2 potential outcomes and the only thing that matters is whether the trader’s prediction is correct or incorrect within the timeframe specified.
Advantages of Trading Binary Options on Redwood Options
- Simplicity – Trading binary options is easy as all you have to do is focus on the direction in which the asset moves. For instance, will the price of gold rise or fall within a given time period of the trade?
- Control – Your potential reward will be displayed on your platform without any hidden fees, spreads or commissions.
- Availability – Because binary contracts are issued round the clock, traders are able to trade on multiple timeframes. As such, there is always an open market with an opportunity for profit.
- Customization – You may customize your trade by selecting every element from the asset to the trading module, the investment time and the expiry time.