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Comparison Redwood Options vs. BinaryBook

Choosing the right binary option trading srevice for your organization is difficult with a lot of features, choices, and terms to take note of. However, relying on our review platform will allow you to cut down the selection steps by showing all crucial providers in a single place. For instance, you can compare Redwood Options and BinaryBook for their tools and overall scores, in this case, 7.5 and 7.9, respectively. Likewise, you can compare which broker has better general user satisfaction rating: 99% (Redwood Options) and 50% (BinaryBook) to learn which service is the better choice. Don’t just pick the platform with the most attractive minimum deposit, but the service that offers the best value for your money.

Comparison

Redwood Options

VS

BinaryBook

VS

Total Score

Our Score

7.5 ?

Our Score

7.9 ?

Client Experience

Client Experience

99% ?

Client Experience

50% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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.

BinaryBook makes use of the cutting edge SpotOption Gen 2 trading platform which is a great improvement over the first generation of this platform. The advanced features give access to more option contract types. It’s possible take advantage of new features like Trade Analyzer to increase your returns. BinaryBook also supports a mobile trading app for Android devices.

Deposit Options

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

Trade Types

Redwood offers the following trade types:

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

BinaryBook offers the following trade types:

  • Binary
  • Pairs
  • Long Term
  • Turbo
  • One Touch
  • Ladder
  • FX/CFD
  • Spot follow

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
Customer Support Languages: English, Turkish, Arabic
Customer Service Hours: 24h
Place Trades Over the Phone?: No

Located In

London, United Kingdom United Kingdom

Payout ratios

Redwood Options offers payout up to 81%.

Average returns are around 80%. You can earn up to 500% with FX/CFD contracts.

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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.

BinaryBook offers five types of trading accounts:

  • Micro Account ($250 to $$500): Ideal for newbies. Welcome bonus is 20%. You also get access to BinaryBook Academy. 
  • Basic Account ($501 to $2500): For intermediate level traders. Welcome bonus is up to 50%. You get 1 risk-free trade and a personal account manager.
  • Gold Account ($2501 to $10,000): For experienced traders who wish to trade in high volume. Welcome bonus is up to 75%. You get 2 risk-free trades and up to two hours of trading sessions with an expert. You get 5 risk-free trades and from 5 to 10h of sessions with a trading expert.
  • Platinum Account ($10,001 to $50,000): This one is also for experienced traders who wish to trade in high volume. Welcome bonus is up to 10%.
  • VIP Account (Above $50,000): Offers personalized services to traders. Contact the broker directly to learn more about what the package inclues.

BinaryBook also provides an Islamic Trading account that is fully compliant with the Sharia law.

Withdrawal Options:

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

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: SpotOption
Platform Languages: English, Turkish, Arabic
OS Compatibility: Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Phone

1-800-986-6750 + 44 2035198267

Email

support@redwoodoptions.com support@binarybook.com

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

Comission

No
Yes

Assets

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

Payouts Percentage

81%

85%

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Every time you pick a product that you are sure will work best for your company you shouldn’t just pay attention to what reviewers have to say about it. In many cases personal experience with the software may change, depending on specific preferences and needs. This is why in our reviews we also give our User Satisfaction Rating for every service to give you an immediate impression of how actual users of Redwood Options and BinaryBook rate their contact with the service. Our algorithm is built around detailed analysis of product mentions on other websites, social media as well as blogs, so you will receive a complete and credible overview of what other clients think about each software. In this example Redwood Options got a total satisfaction rating at 99% while for BinaryBook 50% of people say they had an enjoyable experience with it.