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Software Redwood Options vs. OptionTrade

Getting the right binary option trading srevice for your company is complicated with too much features, options, and offers to take note of. But, depending on our website will make it possible for you to simplify the selection process by displaying all crucial services in one place. As an illustration, you can compare OptionTrade and Redwood Options for their tools and overall scores, in this case, 8.4 and 7.5, respectively. Furthermore, you can compare which broker has superior general user satisfaction rating: 100% (OptionTrade) and 99% (Redwood Options) to find out which solution is better. Don’t simply start using the solution with the lowest minimum deposit, but the service that offers the best value.

Software

Redwood Options

VS

OptionTrade

VS

Total Score

Our Score

7.5 ?

Our Score

8.4 ?

Client Satisfaction

Client Satisfaction

99% ?

Client Satisfaction

100% ?

Minimum Deposit

$200

$200

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.

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

Comission

No
No

Email

support@redwoodoptions.com support@optiontrade.com

Payout ratios

Redwood Options offers payout up to 81%.

Payout ratios offered by OptionTrade are available for up to 88%.

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Webmoney, Credit Card, Bank Wire Transfer, Neteller

Deposit Options

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

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
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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.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No

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.

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Payouts Percentage

81%

88%

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

Place Trades Over Phone

No
No

Trade Types

Redwood offers the following trade types:

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

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs

Located In

London, United Kingdom Cyprus

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: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Phone

1-800-986-6750 +357-24-020054
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If you continue having second thoughts about which software will be best for your business it might be a good idea to analyze each service’s social metrics. These metrics are usually an indicator of how popular a given app is and how extensive is its online presence. For instance, in case of Facebook OptionTrade has 0 likes on their official page while Redwood Options profile is liked by 0 people.