Red or Green was a European CySEC licensed binary options broker, which uses the popular SpotOption trading platform for binary options trading.
Red or Green is owned by Maxiflex Global Investments Corp Limited which is located at Archiepiskopou Makariou ІІІ, 134, YIOTA COURT, Office 102, 3021, Limassol, Cyprus. The contact email address is [email protected], and their phone number in Cyprus is: +357 25 262 767.
Red or Green Review
Investors at the broker Red or Green will see they are offering the popular binary options trading platform called SpotOption. This trading platform for binary options gives you more than 180 underlying assets for a variety of binary option types, including; High/Low options, Pairs, Long Term, One Touch and High Speed Option in 60, 90, 120, 180 second and five minute increments.
They offer binary options on commodities, including Gold, Silver, Oil and Natural Gas. Forex traders will find binary options on all the majors and some of the minors including the Singaporean Dollar, South African Rand and the Russian Ruble. RORG has their website and trading platform available in both English and Russian, which makes them popular with many traders from Russia.
We did not find their mobile trading apps, but assume it will be released shortly. The minimum account size is the standard $250.
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Red or Green Licensed Broker
When the Scam Broker Investigator compares and reviews a binary options brokers to know if they are a scam broker or a legitimate broker, we check for a license from a government financial regulator. In the case of Red or Green, we see that they are licensed and regulated by CySEC in Cyprus under the corporate name Maxiflex Global Investments Corp Limited. Their license number is 258/14 which they received in October 2014.
As a licensed broker, the process for opening an account is much more involved. You will be required to fill out a questionnaire to determine if you are a suitable investor, and you will be required to verify your identity before you can make a deposit. This is part of the new CySEC regulations to reduce complaints from unqualified traders.
Compare Red or Green
Smart people always use a licensed binary options broker, and you can find all of them listed here. Here are a few other popular brokers to look at:
If you are currently trading at Red or Green brokers, please share your experience (good or bad) in the comments section below.