Red or Green (sometimes called RORG) is a new binary options trading broker that is licensed and regulated by CySEC in the EU. Using the SpotOption trading platform that is available for desktop and mobile use, they offer returns of up to 85% on trades.
|Broker Type:||Binary Options|
|Licensed by:||CySEC (EU)|
Red or Green Review
In order to review the Red or Green Binary Options Broker, we first established that this is indeed a licensed broker regulated by the CySEC of Cyprus, member if the European Union.
Then we looked at their website and this is what we found. There aren’t any flashy ads encouraging you to sign up for “free offers” or “bonuses”. They also don’t try to push you to create a special account. Rather, they present the whole binary options trading concept in simple terms and all the “fine print” details are clearly expressed right in front of you.
Furthermore, they won’t even let you deposit money until you verify that you are indeed an eligible trader who meets the requirements necessary to trade with them.
This is unlike all the scam brokers out there who let you deposit immediately and only tell you that there are special conditions, after you want to make a withdrawal.
You can see for yourself, look here.
Red or Green Trading Software
Red or Green uses the very popular SpotOption trading software. This software is known for its easy-to-use interface and its big variety of trades to choose from.
Among the types of binary options you can choose from are: Pairs, 60 Seconds, Long Term, and One Touch. In the Short term option, you can pick from different expiry times, starting at 30 seconds. Alternatively, the Long term option lets you set an expiry date of up to a year ahead.
You can find over 200 assets to trade, in the categories of currencies, stocks, commodities and indexes. So whether it’s Coffee the commodity or Starbucks the stock, the EUR/USD currency pair or the S&P 500 index, it’s there for you to trade.
At Red or Green,trades can be placed for as low as $10, and the minimum deposit for an account is $150.
Automatic Trading Robots
Automatic trading software has become popular lately, however, lots of these programs are unreliable or just plain scams. To find out more, read this.
However, if you are interested in an automated trading product that actually lets you keep control of your money, look at this software, www.OptionRobot.com .
Compare Red or Green
Did you know that there are over 260 active brokers operating today? Therefore, we thought that you might want to look at some of these other popular brokers whom you might want to consider.
24Option (see review) is a very popular EU licensed broker that gives traders an easy to use trading platform. They have a monthly trading competitions and new traders receive risk free trades, read more.
HighLow (see review) is a broker licensed in Australia by ASIC using the Markets Pulse trading platform. They have 200% returns on some options, and a low minimum deposit requirement of only $50, read more.
Red or Green License
How do you verify that a Binary Options or Forex broker is legit? See if their governments financial regulator gave them an operating license.
Red or Green is a company from Cyprus and as such they are regulated by CySEC with license number: 258/14. Since Cyprus is a Member of the European Union, this license is valid throughout the EU.
Red Or Green is owned and operated by MAXIFLEX GLOBAL INVESTMENTS CORP LIMITED. Their physical address is: Archiepiskopou Makariou ІІІ, 134, YIOTA COURT, Office 102, 3021, Limassol, Cyprus. The phone numbers is: (Cyprus) +357 25 262 767.