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Compare Redwood Options vs. IQ Option

Choosing the right binary option trading srevice for your company is not that easy with a lot of functions, choices, and terms to choose from. But, depending on our website will allow you to streamline the selection steps by showing all crucial services in a single place. For example, you can match IQ Option and Redwood Options for their features and overall scores, in this case, 8.5 and 7.5, respectively. Furthermore, you can compare which service has higher general user satisfaction rating: 99% (IQ Option) and 99% (Redwood Options) to learn which service is the better option. Don’t simply start using the solution with the lowest minimum deposit, but the one that has the most cost-effective value.

Compare

Redwood Options

VS

IQ Option

VS

Our Score

Our Score

7.5 ?

Our Score

8.5 ?

Client Experience

Client Experience

99% ?

Client Experience

99% ?

Minimum Deposit

$200

$10

Accepts US Clients

Yes
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Complete Review

Description

Redwood uses the SpotOption trading platform, a widely used and popular trading platform employed by the majority of online binary brokers due to its simplicity and effectiveness.

The platform is 100% web based, so software downloads are not required. You don’t need any previous trading experience as the platform has a user-friendly interface. You can make use of exclusive educational tools such as a free binary options e-book, live daily webinars, and video academy.

You can choose from a vast selection of assets to trade, including stocks, indices, commodities, and currencies. The platform’s trading modules are top of their class in the online trading market. This broker uses up to date and sophisticated technologies to ensure your security and satisfaction.

IQ Option’s trading platform differs from most generic platforms. Asset selection is done using a tab system placed on top of the price chart. A drop-down list placed on the right side of the tabs offers more assets.

There are action buttons for the option types (Call/Put) you want to buy. IQ Option offers predefined amounts such as $10, $20, etc. that you can choose. Alternatively, you can also key in the amount in the amount box. The personal cabinet section shows your banking transactions and trading history. It also hosts the customer support option. The trading platform also supports mobile trading with iOS and Android apps.

Comission

No
No

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer Webmoney, PayPal, Credit Card, Bank Wire Transfer, Skrill, Neteller

Trading Accounts

Mini Trading Account – €500

  • 25% bonus
  • Starter webinars
  • Educational videos
  • Digital online e-book

Starter Trading Account – €1000

  • 30% bonus
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email

Silver Trading Account – €5000

  • 50% bonus
  • 1 risk free trade
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 1 academy session
  • 1 VIP webinar

Gold Trading Account – €10,000

  • 75% bonus
  • 1 risk free trade
  • 3 guaranteed profit trades
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 2 academy sessions
  • 1 VIP webinar
  • Optional tablet

Platinum Trading Account – €25,000

  • 100% bonus
  • 3 risk free trades
  • 5 guaranteed profit trades
  • Starter webinars
  • Educational videos
  • Digital online e-book
  • Market reviews via email
  • Account manager
  • 5 academy sessions
  • 2 VIP webinar
  • Optional tablet
  • Same day withdrawal approval

Pls note: Risk free trade is up to 50% of the deposit.

IQ Option offers a free demo account and two types of trading accounts:

Real: Minimum deposit is $10

  • Bonuses up to 80% on each deposit
  • Up to 45% return in case of a wrong prediction
  • Over 70 assets

VIP: Minimum deposit is $1000

  • Bonuses up to 100% on each deposit
  • Up to 60% return in case of a wrong prediction
  • Over 70 assets

Place Trades Over Phone

No
No

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Japanese, Arabic, Swedish
Customer Service Hours: Redwood offers phone, email, and live chat support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
TICKETS
Customer Support Languages: English, Spanish, Russian
Customer Service Hours: IQ Option offers customer support from 9:00 AM to 11:00 PM
Place Trades Over the Phone?: No
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Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Webmoney

Trade Types

Redwood offers the following trade types:

  • 60 Second Options
  • Classic Up/Down Binaries
  • One Touch Options
  • Option Builder

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Phone

1-800-986-6750 74956680633

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs Oil, Gold, Indices, Stocks, Commodities

Payouts Percentage

81%

92%

Platform

Platform type: SpotOption
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Arabic, Dutch, Swedish
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Platform type: In-house
Platform Languages: English, Spanish, Russian, Chinese, Arabic
OS Compatibility: Mac OS, Windows, Android
Streaming News Feed: No
Email Alerts: Yes
Mobile Alerts: Yes

Payout ratios

Redwood Options offers payout up to 81%.

Returns can go as high as 92%.

Email

support@redwoodoptions.com support@iqoption.com

Located In

London, United Kingdom Cyprus
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Every time you test various Binary Options Brokers services you shouldn’t simply study their list of features and available pricing packages. Pay attention to the fact that the service must be meeting your needs and team so the more flexible their offer the better. Explore what systems are supported by IQ Option and Redwood Options and make sure you will get mobile support for whichever devices you work on in your company. You should also examine which languages and geographies are supported, as this could be a deal breaker for many businesses.