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Compare Redwood Options vs. Option888

Selecting the best binary option trading srevice for your business is not that easy with a lot of functions, options, and offers to choose from. However, depending on our review platform will allow you to streamline the selection steps by reading all main services in one location. As an illustration, you can contrast Redwood Options and Option888 for their tools and overall scores, in this case, 7.5 and 7.5, respectively. Furthermore, you can compare which provider has superior general user satisfaction rating: 99% (Redwood Options) and 100% (Option888) to determine which service is the better option. Don’t simply start using the solution with the most attractive minimum deposit, but the platform that offers the best value.

Compare

Redwood Options

VS

Option888

VS

Score

Our Score

7.5 ?

Our Score

7.5 ?

Client Experience

Client Experience

99% ?

Client Experience

100% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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Full 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.

Option888’s adopts the popular Tradalogic trading platform which has been adopted by a variety of other brokers. News and prices are obtained live from Reuters, so their accuracy is guaranteed. The platform is straightforward to use and requires no training, therefore even newbies are able to take to it without difficulty.

Located In

London, United Kingdom Malta

Email

support@redwoodoptions.com support@option888.com

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: Tradologic
Platform Languages: English, German, French, Swedish
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No

Place Trades Over Phone

No
No

Assets

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

1-800-986-6750 +441785472000

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

Payouts Percentage

81%

89%

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.

Option888 offers only a standard account which requires a minimum deposit of $250. There is a 100% welcome bonus of up to 888EUR (or USD, GBP, SEK, DKK, NOK). You can fund and withdraw from your account using wire transfer, paysafecard, SOFORT, Skrill, MasterCard, Visa, and iDEAL.

Deposit Options

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

Comission

No
No

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Credit Card, Bank Wire Transfer, Skrill

Trade Types

Redwood offers the following trade types:

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

Option888 provides options on forex, commodities, stocks and indices. You can trade using the following trading types:

Digital: The typical High/Low options. You determine if the asset will fall or rise in value.

Touch: You determine if the price of a given asset will reach (or touch) a specific value within a given time period.

Range: Also referred to as a boundary trade. You decide if the asset price will remain within two preset values?

Turbo: A type for really short term binary options. Expiry times provided by the vendor are 30 seconds, 45 seconds and 5 minutes for this type of trading.

Payout ratios

Redwood Options offers payout up to 81%.

Average returns are around 80% and can go up to a maximum of 89%.

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, German, French, Swedish
Customer Service Hours: 24h
Place Trades Over the Phone?: No
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It may not always be sufficient to just compare Redwood Options and Option888 against each other. Even though specific functionalities, pricing and user experience are all important and should be considered when making a final choice, you should also check out the recognition and awards merited by each service. In many cases a less popular software may turn out to be an excellent choice that was distinguished with SaaS awards such as our Great User Experience Award which shows that in spite of limited market popularity it’s a worthy rival to the apps that dominate the market.