As the title says, Redwood Options has added some limited pair options trading capability to their otherwise strictly binary options trading platform. This is a very nice addition though for those of us who enjoy some pair options trading. We have talked about StockPair a fair bit here because they are by far the most dominant name in pair options trading. But there are other broker – like Redwood Options for instance – who are beginning to try and phase in pair options to their platforms. With varying degrees of success.
Redwood Options, for one does pretty well at implementing these into their standard binary options platform. For now there is only less than a dozen pair options contracts to choose from but that number is fully expected to grow over time. And when you consider the already great selection of underlying assets offered by Redwood you’ll find that you wind up with quite a lot of trading to choose from. You can always find a potentially profitable trade somewhere. And for a limited-time you can even try out trading on this platform absolutely free, without making a deposit even. You can get a free demo account stocked up with $500k demo funds to play with for 24-hours. You can read more about this offer here.
The Redwood pair options contracts come in only one variety due to the way the platform is set up. It is made for binary options after all. Because of this platform limitation you can only trade the pair options in standard up/down variety. There is, of course, no floating pair options contracts at Redwood Options, or any other binary options brokers for that matter (if you want full functionality pair options trading, you’ll have to consider Stockpair, the one and only alternative for that option). The return rates offered by redwood are on par with that of their regular high/low binary options, at up to 85% maximum. This makes them very competitive rates for pair options contracts.
Between the pair options offerings and the great lineup of binary options contracts and asset varieties to choose, Redwood Options clearly makes for a competitive choice. It is no surprise to us now why this broker has been able to shoot to the top of the market in such a brief amount of time after launching. Let us know if you have any experience with Redwood Options in the comments below please!