There are a total of sixty assets that are available on this site which is geared towards traders with some experience in CFD / Forexs trading. This is because there is no demo account which allows you to get a feel of what the site has to offer.
When trading on this site, you will need to take full responsibility of any decisions that you make and their subsequent outcome as the site is not yet regulated. Traders from everywhere but the United States are accepted on this site. Even though the site is yet to be regulated, it continues to be popular as it has a high pay out rate that is between 70 and 81%.
This site has continued to grow in popularity as it partners with CFD / Forexs signal providers. These providers push traffic to the site by offering a recommendation for it.
Redwood Options Trading Platform
Once you have opened an account with Redwood by depositing at least $250, you can begin to trade by putting in a minimum amount of $10. You will have more than 250 assets to choose from. This is excellent news for a beginner, as you are better able to find assets that will give you a good return. In addition, you can choose to watch what the experienced traders are doing by using the iFollow feature. This is for social trading, and will enable you to follow a trade and copy what you saw working.
There are a significant amount of educational resources available on the site and the best way to access them is by opening an account. Even without an account, you can still access some of these resources such as video lessons with tips, to get a taste of what the site has to offer. With an account, you will benefit from the live webinars that are available, as well as a library of focused eBooks and video courses.
Like other platforms, you will be offered a bonus once you make a deposit on Redwood Options. The amount of this deposit will depend on how much money you have placed in your account. With a deposit of $250, you will be able to get a bonus that is worth $50.
You can trust this broker despite not being regulated as they have proven that they have integrity. If you need to find any information concerning them, including their location and operations, everything is available on their website. This is an indication of their transparency, and ensures that is something does go wrong, you know where you can look to recover your funds. You can access the web-based site or download the mobile application to trade CFD / Forexs while you are on the go.