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Comparison Redwood Options vs. First Binary Option Service

Getting the best binary option trading srevice for your company is difficult with a lot of functions, choices, and offers to consider. On the other hand, relying on our review platform will allow you to simplify the selection steps by getting all crucial services in a single place. As an illustration, you can contrast Redwood Options and First Binary Option Service for their tools and overall scores, in this case, 7.5 and 7.0, respectively. Furthermore, you can check which provider has superior general user satisfaction rating: 99% (Redwood Options) and 95% (First Binary Option Service) to find out which service is the better choice. Don’t simply choose the service with the lowest minimum deposit, but the service that offers the most cost-effective value.

Comparison

Redwood Options

VS

First Binary Option Service

VS

Score

Our Score

7.5 ?

Our Score

7.0 ?

Customer Experience

Customer Experience

99% ?

Customer Experience

95% ?

Minimum Deposit

$200

$5

Accepts US Clients

Yes
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Detailed 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.

First Binary Option Service’s trading platform is just labeled differently from traditional trading platforms. But it is simple to use as all the main features are labeled clearly and you can easily select options from the provided drop-down list.

This broker offers a demo account to help traders become familiar with the trading platform before they invest their money. You can trade in about 50 instruments of various types including CFDs, indexes, futures, and currency pairs. The trading platform is web-based and you don’t have to download or install any software on your computer system. The company has been around since 2011 and offers support in English and Russian languages.

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
LIVE SUPPORT TRAINING
Customer Support Languages: English, Russian
Customer Service Hours: First Binary Option Service offers 24-hour customer support.
Place Trades Over the Phone?: 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

Email

support@redwoodoptions.com support@firstbinaryoption.com

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

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill
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Payouts Percentage

81%

80%

Phone

1-800-986-6750 No phone support

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill

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: First Binary Option Platform
Platform Languages: English, Spanish, Russian, Arabic
OS Compatibility: Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No

Located In

London, United Kingdom Cyprus

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.

Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.

Assets

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

Comission

No
No

Payout ratios

Redwood Options offers payout up to 81%.

Average returns are around 80% and maximum returns can be as high as 765%. You can get a refund of up to 15% for losing trades.

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Almost as important as functionalities and client support responsiveness are pricing options given by Redwood Options and First Binary Option Service. Although cost should not be a deciding element it’s without a doubt a significant thing to think about. You should expect a flexible pricing package that can be matched with your business size and painlessly scaled up every time your team expands. Be sure that you don’t pick plans that have complex tools that you won’t find useful and always try to contact with the vendor directly because big companies can frequently benefit from more affordable prices. You should also check out a free trial or demo of each product to spend at least some time using it. It’s a helpful experience that doesn’t require you to invest any money and provides you with a practical overview of what it’s like to work with Redwood Options and First Binary Option Service.