Experienced Forex traders in the market are never shocked by the volatility of the market as far as price action is concerned. In fact, most people trade in Forex because they appreciate the fact that it is the most liquid market. Since you are a beginner wishing to participate in a type of trade that is less risky, you may want to get in touch with any of the 60 second binary options brokers in the market. Forex binary options brokers can be very helpful especially if you know little about this type of trade.
Unfortunately, most brokers do not allow US traders to participate in this type of trade for a number of reasons. Luckily, there are many US-based binary options brokers who can help US traders to trade in the Forex binary options market. Aside from US-based binary options brokers, there are many non-US brokers who can also help American traders to participate in this type of market.
(Image Courtesy of: USBinaryOptionsInfo.com)
There are many US-regulated binary options brokers in the market, so finding one will not be difficult. However, finding a binary options broker who is based in the United States may be a monstrous challenge. In fact, Nadex is the only US-based broker authorized to offer these brokerage services. If you are interested in binary options trading, and you reside in the US like we do then you may want to try working with Redwood Options, or GOptions, as they are among the best brokers for US traders.
The Forex and binary options markets can be profitable, but people often make costly blunders. For instance, most people go into business with brokers they know little about. Traders should always do a background check on brokers to find out whether or not they are the right people to work with. Even if you choose to work with the most reputable broker in the market, having more information about them will give you a sense of confidence.
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!
We had been wanting to try out this relatively new broker for some time now but finances have prohibited it up until very recently. We had heard so many good things about this broker from so many people that after awhile we just had to find out for ourselves whether or not any of this praise was even justified. Find out the answer below.
So it has been about two months now since we first opened our account at Redwood and at this point we feel we have a pretty good feel for the company themselves and the performance of their trading platform especially. The Redwood Options trading platform probably outperforms more than 80% of all the binary options trading platforms currently on the market. A strong showing for sure. The platform is very easy to use and to navigate around, and there are a good variety of contract types to choose from – including the new pair options contracts. And on top of this good selection of contract types they have an even better variety of different underlying assets to choose from when trading.
So what else does Redwood offer that distinguishes them from the crowd? Well there are the pair options for one thing. Only a small handful of binary options brokers currently offer these contracts (though we expect that number to grow) so that is one advantage. Another big boost to their platform comes from the fact that they have the highest return rates on 60-second binary options of any binary options broker in the market. Up to an outstanding 81% payouts! There is definitely a lot more to know about redwood options that didn’t get included in our brief post here but we covered the biggest points and relayed our general experience at least. If you want a more in-depth review we recommend the one linked above which leads to the BOT Bosses website. It should have all the information you would ever need on Redwood Options and their platform.