Software Redwood Options vs. First Binary Option Service

Getting the best binary option trading srevice for your company is not that easy with so many features, options, and terms to choose from. On the other hand, depending on our website will allow you to simplify the necessary steps by getting all crucial providers in a single place. For instance, you can contrast Redwood Options and First Binary Option Service for their functions and overall scores, in this case, 7.5 and 7.0, respectively. Likewise, you can compare which service has better general user satisfaction rating: 99% (Redwood Options) and 95% (First Binary Option Service) to determine which one is the better option. Don’t simply start using the platform with the lowest minimum deposit, but the one that gives the most cost-effective value.

Software

Redwood Options

VS

First Binary Option Service

VS

Our Score

Our Score

7.5 ?

Our Score

7.0 ?

Client Satisfaction

Client Satisfaction

99% ?

Client Satisfaction

95% ?

Minimum Deposit

$200

$5

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.

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.

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

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

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

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.

Place Trades Over Phone

No
No

Comission

No
No
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Withdrawal Options:

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

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

Phone

1-800-986-6750 No phone support

Deposit Options

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

Email

support@redwoodoptions.com support@firstbinaryoption.com

Payouts Percentage

81%

80%

Located In

London, United Kingdom Cyprus

Assets

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

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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In the event you continue having second thoughts about which software will be best for your business it may be a sensible idea to examine each service’s social metrics. Such metrics are usually a way to see how popular a given app is and how big is its online presence.For instance, if you look at Redwood Options LinkedIn page you’ll learn that they are followed by 0 users. In case of First Binary Option Service the volume of followers on their LinkedIn page is 0.