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Raceoption – review and recall of the trading platform for options, forex, CFDs
✅ This Trading Platform is available in Russia
Overview of well-known trading platforms: Race Option
Choosing a trading platform for financial transactions, a trader should study all available information about the broker’s activities, including expert user reviews and reviews on specialized web resources. A detailed analysis of the positive and negative characteristics of investment sites will help to understand who can be entrusted with their own savings, without fear of fraud on the part of the broker.
This parameter, like the “age” of a participant in the global financial market, can not be considered a 100% proof of its reliability. This is evidenced by numerous negative reviews of traders about some of the trading floors that provide their services for 5-10 years. On the other hand, the newly created Race Option platform (the project started in 2020) attracts the attention of experienced traders and has a reputation as a reliable and decent broker.
Key Performance Indicators Race Option
The presented trading platform belongs to the company Race Projects with a registered legal address in Seychelles. Some analysts who study modern financial instruments and markets, argue that the actual owner of this site is a group of professional investors and experts who are well versed in this topic.
The application created for the Race Option helps to increase the number of users and provides more comfortable conditions for conducting trading operations. Registered users can start working immediately after the account is replenished. To do this, you do not need to download additional programs, customers conclude transactions directly on the web resource of the broker.
The official website of the represented participant of the financial market allows you to independently understand how trading operations are carried out, and novice traders can get the necessary knowledge through a special video course and other training materials. The administration of the trading platform pays much attention to the theoretical preparation of the users of the resource. Before making real deals, novice traders can be trained using a demo account and the help of professional project participants.
How to signup
On the trading platform Race Option, the login, password and personal information are fixed in a special form, which must be filled in order to gain access to the financial tools of the resource and the ability to enter into transactions. The registration process on the web resource in question takes several minutes, and for this task, no special knowledge or assistance of professional traders is needed.
How to earn on the Race Option: an overview of the possibilities and limitations of the broker
After registration, the user of the web resource must replenish his account. The minimum deposit amount is $ 250 (with the first replenishment of the trading account, the trader receives a bonus of 20 to 100%).
The demo account provided on the Race Option trading platform allows not only to consolidate the theoretical knowledge gained, but also provides an opportunity to develop its own working methods on this platform. Regardless of the direction of the financial transaction, the trader has the right to conclude deals for a sum of 1 dollar.
To conduct the operations available on the presented platform, the trader can use:
● Currency pairs (including not only money, but also popular crypto-currencies).
● Shares (securities of large companies and international corporations are available).
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A convenient website allows you to easily find the necessary information and enter into financial transactions. To do this, you need to select the asset of interest to the trader, specify the amount of the transaction and set the time frame for the transaction.
Types of trading accounts
The main criterion for the classification of trading accounts is the size of the deposit that the trader introduced:
● Bronze – from $ 250.
● Silver – within the limits of 1-2 thousand dollars.
●Gold from 3 thousand dollars.
On the site for the trader’s trading account, the American dollar, British pound, euro, Russian ruble, as well as popular crypto-currencies (BTC, DASH, LTC, ETH) are used.
Methods of input / withdraw of funds
Almost everyone, drawn up for the Race Option review, focuses on a large number of ways to replenish a trading account and withdraw funds. To date, users of the trading platform in question can enter / withdraw money, with the help of:
● Visa and MasterCard bank cards;
One of the key indicators of the presented investment platform is the unique processing speed for transferring money from the trader’s trading account to his wallets. Administration resource guarantees that the user will receive financial means no later than an hour after the request for withdrawal.
Advantages of the trading platform
Studying information about the trading platform Race Option reviews, descriptions or recommendations, we can conclude that the main advantages of the resource are:
● high speed of information processing and cash withdrawal;
● a wide range of ways to replenish the trading account;
● reliable protection of personal information;
● the opportunity to work on weekends and holidays;
● 24-hour customer support.
The administration of the resource ensures the safety of money and personal information of its customers, using for this purpose the latest technologies and data protection tools. It should also pay attention to the fact that the money traders are stored on separate bank accounts of reliable financial and credit institutions. In the event of any unforeseen situations, none of the traders will lose their savings.
Introduction To Raceoption Accounts
The binary options market has reached an equilibrium, where the market has started to witness a plateau in the number of new broker registrations. There are various factors that have led to the gradual decline in the market, as several regulatory restrictions, scam operators, Government outlook, and even low investor confidence have played their parts in a significant way. Regardless, there are still numerous binary options companies that operate a reliable and authentic service, and Raceoption is one of the brand-new entrants to the market that has an excellent binary options brokerage in the market.
Raceoption offers its services through a tried and tested platform that follows on from the other successful brokerages that the company has owned in recent years. In some ways, Raceoption may be considered as a rebranded and revitalised version of an existing brokerage that took note of its customers’ feedback to create a trader-centric binary options brokerage. It is absolutely imperative for a company to cater to the general consensus, as developing a product around the traders’ need is guaranteed of success in the long run.
We have used our many years of experience in the binary options market to properly analyse Raceoption’s services and to determine whether the broker is indeed a good quality broker for our readers. Use our Raceoption binary options review to gather extensive information about the company, and to receive a hefty bonus when you sign up for an account!
Company Information & Raceoption Regulation
Raceoption may seem familiar to some users, as the company appears to have a design layout that is quite similar to Finrally. In fact, Raceoption is operated under the same umbrella as the Finrally binary options platform, as both companies are a part of the Finance Group Corp (FGC). Raceoption was introduced in 2020 by Race Projects Ltd., which has its registered office in Seychelles. FGC, on the other hand, is registered in Vanuatu and is also an integral part of Suomen Kerran LP, which has different binary options properties across the globe offering same or similar services. Suomen Kerran LP is also a Scottish company, which brings it under the UK’s regulatory framework.
Raceoption may not be the best broker outright, in terms of regulatory protection, as we would usually recommend trading with brokers that are regulated by agencies such as the FCA or the CySEC. European brokers are better regulated, offer more transparent services, and have better financial stability, but we have come to trust brokers from other countries primarily due to their quality of services and dedication to customer service. We have also had quite a positive experience with Suomen Kerran LP, as its entire binary options properties are known to offer the best in binary options products and services with a negligible negative customer feedback.
Another advantage of trading with a company that is located in locations such as the Seychelles and Vanuatu is that they are able to offer better bonuses, lower trading costs, and more freedom on trading. These brokers are also not hindered by any regulatory restrictions, which further aid in better trading conditions that traders expect. Despite not having a strong regulatory license, we do expect Raceoption to offer a reliable service, and we can indeed count on their largely positive reputation.
There is a small confusion surrounding the broker’s policy towards traders from the USA. Raceoption is not regulated or approved by the US regulators, which essentially prevents the company from offering its services to US traders. The broker also states this fact in its terms and conditions, but interestingly, the company has also provided support numbers for its US clients. However, we would recommend US citizens to be cautious while trading with overseas brokers, as current laws in the United States, are strict against any unauthorised binary options trading.
Raceoption Financial Instruments
The FGC offers a respectable choice of financial assets through its platform, with access to over 100 different instruments from the Forex, commodities, indices, and shares market. Although the company has a good choice of assets, we can’t help but notice the absence of cryptocurrencies in the mix, as cryptocurrencies are one of the most popular categories in the binary options market. Raceoption certainly had an excellent opportunity to include cryptocurrency options, as it was only launched recently, but the lack of such an option may make it difficult for the broker to cater to the new-age traders.
Forex: EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP, USD/TRY, USD/RUB, USD/ZAR, USD/SGD, NZD/USD, USD/CHF, AUD/USD, GBP/RUB, EUR/RUB, GBP/JPY, GBP/CHF, AUD/CHF, EUR/CAD, AUD/JPY, CAD/JPY, AUD/NZD, EUR/AUD, GBP/CAD, NZD/JPY, AUD/CAD, EUR/NZD, EUR/CHF, BitCoin/USD, BitCoin/CNY, AUD/USD FUTURE, EUR/JPY FUTURE, USD/JPY FUTURE, GBP/USD FUTURE,EUR/USD FUTURE
Stocks: IBM, NISSAN MOTOR, TEVA PHARMA, TESCO, TURKCELL (TURKEY), TATA MOTORS (INDIA), HSBC HOLDINGS (LONDON), COCA COLA (US), SBERBANK (RUSSIA), LUKOIL (RUSSIA), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (US), APPLE (US), MICROSOFT (US), CITI (US), ALPHABET Inc C (Google), F BP, S.BANK INDIA, EXXON MOBIL, BAIDU, AMAZON, DISNEY, GOLDMAN SACHS, INTEL, JP MORGAN CHASE, PFIZER, CATERPILLAR, BANCO SANTANDER, TELEFONICA, BANK OF AMERICA, AIG, YAHOO, NETFLIX, McDONALD’S, ANZ BANK, BHP-AU, RIO-AU, LAS VEGAS SANDS, WYNN RESORTS, EBAY, SONY, BOEING, WAL-MART, GENERAL MOTORS, GROUPON, MASTERCARD, SALESFORCE.COM, STARBUCKS, AXIS BANK, TATA STEEL, ROSNEFT, FACEBOOK, YANDEX N.V, CK HUTCHISON, BLACKBERRY, 3M, TENCENT HOLDINGS, TWITTER, MICRON, SINA, TESLA MOTORS, WEIBO, VTB BANK, ALIBABA, GENERAL ELECTRIC, JOHNSON & JOHNSON, MAZDA MOTOR, TOSHIBA CORP, SUMITOMO , MITSUI, TOYOTA (US), COLGATE-PALMOLIVE, FERRARI, LLOYDS BANK, BARCLAYS, BRITISH AMERICAN T, VODAFONE, RIO TINTO, CARNIVAL CRUZE
Indices: DOW (US), S&P 500 (US), NASDAQ (US), DAX (GERMANY), CAC (FRANCE), FTSE 100 (UK), ISE 30 (ISTANBUL STOCK EXCHANGE), RTS (RUSSIAN TRADING SYSTEM), MSM 30 (OMAN), TADAWUL (SAUDI STOCK EXCHANGE), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), KUWAIT (KUWAIT GENERAL INDEX), BOMBAY SE, HANG SENG (HONG KONG), SSE180 (SHANGHAI STOCK EXCHANGE), KL FUTURE, NIKKEI225（JPN）, TEL AVIV 25, TOPIX, MICEX 10 (MOSCOW INTERBANK EXCHANGE), ASX, IBEX, FTSE F- DEC16, ASX F-DEC16, NIFTY F-SEP16, SMI, FAZ-SHORT BANKS(ETF), IBEX F-OCT16, HANG SENG F-SEP16, CSI 300, TSX 60, SHANGHAI COMPOSITE, DOLLAR INDEX-DEC16, GERMANY 10YR-DEC16, FTSE MIB F- DEC16, RUSSELL 2000, FTSE 250
Commodities: SILVER, PLATINUM, OIL (LIGHT SWEET CRUDE), Sugar, Coffee, GOLD/EUR, GOLD, GOLD FUTURE, OIL FUTURE
Raceoption Payouts & Trading Conditions
The trading conditions at Raceoption follow a standard affair that is common among all FGC properties, but Raceoption brings a small twist to the proceedings. Aside from the regular binary options products that include all variants of the short-term, intra-day, and long-term options, the broker also provides CFD products for those who wish to trade both binary options and the conventional CFD market. The binary options products include the popular turbo options, one-touch options, and the classic options, which have payouts starting from 60% and a maximum payout of 90% on select options. CFD products have a more traditional approach, where the profits and payouts are dependent on the invested amount and the movement of the markets.
The minimum investment starts from $1 per position, with a maximum investment ceiling of $1,500 per position. Unlike most of the broker’s competition, Raceoption actually allows its traders to close its binary options trade well before the expiry, provided the trade meets specific criteria. Trades can be sold out for a partial refund, provided the closing time is at least greater than 1/4th of the original expiry. The sell-out feature is also available with the rollover and double-up features, which basically allows the trader to extend the expiry time of the options contract. Therefore, the ability to manage binary options trades should undoubtedly be a prominent highlight of Raceoption’s products, along with the availability of CFD products.
Raceoption also facilitates trading over the weekends, but we do not recommend trading over the weekend due to liquidity concerns. A majority of markets are closed during the weekends, which can result in a slow and relatively flat market for most assets. Trading on weekdays can produce the most exciting and profitable opportunities.
Raceoption Binary Options Platform
The Raceoption platform is a slightly modified version of the SpotOption platform, which is an entirely different approach from what one expects from an FGC or Suomen Kerran LP binary options property. Usually, Suomen Kerran LP platforms are proprietary trading platforms that have live chat features embedded for instant support. The Raceoption platform follows a direct trading interface, where the trader has all the required trading tools and information in a simple and easy-to-use layout.
The platform is web-based and is compatible with all leading web browsers. Trading is quite easy and intuitive, as choosing an asset, the investment amount, the time of expiry, and the trade outcome is all provided through an excellent trading dashboard. The chart is quite basic in its layout and features, but it can provide historical data for better analysis of the markets. For CFD traders, the platform also provides standard trading options, but the browser-based interface does lack the trading flexibility and features as offered by a dedicated installable interface.
Raceoption Mobile Trading Platform
Every popular binary options company realises the importance of mobile trading platforms. Therefore, the Raceoption mobile apps are readily available for download on Android and iOS operating systems through their respective app stores. These mobile apps are easily scalable for both smartphones and tablets, but if you are looking for a browser-based trading experience, the Raceoption WebTrader can also be used for trading. There is only a single login for every account, thereby ensuring full access to both the mobile trading apps, as well as the web platform.
Raceoption Account Information
The Raceoption account choices are designed according to the standard offerings provided by the company’s other sister concerns. There are primarily three different account options, with a Raceoption minimum deposit requirement of $250. The cheapest account option is known as a Bronze account, where traders get access to 24X7 live video chat, a demo account, access to the copy trading tool, and a one-hour withdrawal promise. Although the Bronze account is slightly more expensive than a few other competing accounts offered by rivalling brokers, $250 is a nominal investment for the features on offer.
The Silver account delivers a few additional trading benefits such as a Masterclass session and an individual account manager. Of course, the added benefits do warrant a higher deposit of $1000, but you do receive a more personalised service for your investment. The Silver account has all the advantages of the Bronze account and is the company’s most popular account choice. If you are looking for expert assistance in your trading ventures, the Gold account provides integrated technical analysis, but traders are expected to invest at least $3000. If you can afford it, we would recommend the Gold account, as the technical analysis provided by the broker can greatly complement your own inference of the markets for better accuracy in trading.
The broker’s promise of withdrawals within an hour is also an added advantage of trading with Raceoption, especially when other brokers specify up to 10 working days for processing a withdrawal. There is a wide range of payment methods, including online payment wallets such as Skrill, Neteller, and PerfectMoney, along with the option to deposit/withdraw through credit/debit cards. Although the broker does not offer cryptocurrencies trading through its platform, the broker supports payments through cryptocurrencies and accepts all coins, including bitcoin and Ethereum. Regardless, all payments are processed through highly encrypted online channels for maximum payments security.
The bonus changes according to the choice of account, but Raceoption offers anywhere from 20% to 100% bonus for a maximum bonus of $100,000 per account holder for a given calendar year. The bonus also has a nominal transaction volume requirement, and opting for a bonus means that you accept the broker’s terms and conditions. The broker is also offering three risk-free trades, which will be transferred as trading credits to the account if you lose your three trades in a row. The risk-free trade offer is also another type of bonus that has the same conditions as the deposit bonuses. Bonuses should help traders in increasing their market exposure without any additional risk, but withdrawals may only be processed after satisfying the broker’s bonus policies.
Raceoption Demo Account
Raceoption offers a limited demo account for every account holder, which can be accessed after making an initial deposit. Traders will have to open an account and deposit money into their trading account for demo access, but in case traders are not comfortable with the services, they can always request a withdrawal. Of course, make sure that you don’t opt for a deposit bonus or a risk-free trade bonus until after trading on the demo account, as it can help you to make a withdrawal without any issues. The broker allows up to three days for their traders to forfeit their bonus and enjoy unrestricted withdrawals, but traders should not perform any trading activity within such a period.
Raceoption Customer Service
Raceoption uses a modified trading platform that does not feature a live video chat feature, unlike its other web properties, but traders still receive access to 24X7 live video chat for around the clock customer service. There are also five different customer service numbers for clients to access the customer support team, which are dotted across the world in North America, Europe, and Asia. Alternatively, traders can also use the web contact form for contacting the broker’s representatives for detailed support.
Raceoption Education Centre
Raceoption does not have an extensive training database, but there are a masterclass session and a personal account manager for Silver and Gold account holders. Additionally, the integrated technical analysis package offered for Gold accounts also serve as an immense help for traders in making the right trading choices for a positive trading experience. Unfortunately, Bronze accounts do not offer any educational materials or videos, which really makes it imperative to choose either the Silver or the Gold account.
Owned and operated by an established company in the binary options market.
Minimum trade size starts from just $1.
Up to 100% bonus for deposits and three risk-free trades.
24X7 live video chat.
Access to both binary options and CFD trading.
A relatively new entrant to the markets.
No cryptocurrencies offered for trading.
Not regulated by any leading regulatory organisation.
Is Raceoption A Scam?
No, although Raceoption launched its brokerage only in 2020, the service is owned and operated by a reliable company.
What Is The Minimum Investment For A Trading Account?
The minimum deposit for a Bronze account is $250.
What Is The Bonus?
Traders can expect to receive anywhere from 20% to 50% bonus for their investments, along with three risk-free trades.
What Is The Withdrawal Time?
All withdrawals are processed within an hour, unless traders do not satisfy the bonus conditions, in case they have availed a bonus.
RaceOption Review 2020 – Scam or not?
|(4 / 5)||✘||250$||70 – 92%|
You are searching for an honest review of RaceOption? – Then you are completely right on this page. With more than 5 experience in trading Binary Options, I tested this Broker and give you an overview of the conditions. Also, you learn how to trade and open your account. Find out if it is really worth to invest money with this company or not.
The official homepage of the broker RaceOption
What is RaceOption? – The Broker presented
RaceOption is an international offshore Broker for Binary Options and Forex/CFD Trading. Whether you want to invest short-term or long-term into financial markets, you will find enough options on the platform. The broker RaceOptions belongs to the Race Projects LTD. I have to mention there is not a lot of information about the company.
The advantage of an offshore broker is that they accept customers from everywhere. RaceOption offers 24-hour support in different languages. In addition, they can offer special programs for their clients. For example, you can get a high bonus and trade without verification.
Facts about the Broker:
- RaceOption belongs to the Race Projects Ltd.
- Offshore Broker
- No regulation
- Accept international customers
- 24/7 Support in different languages
Review of the conditions for traders
The broker RaceOptions allows you to trade Binary Options and Forex/CFD on one platform. These are 2 different financial products. For most traders, Binary Options are more popular. The minimum deposit on the platform is 250$ and you only can get a demo account after your first deposit.
At first glance, the platform is looking very professional. You can choose long-term or short-term expiry time for binary traders. Trade currencies, stocks, cryptocurrencies or commodities with this platform. The yield is between 70% and 90%+. It depends on the traded asset class. Furthermore, the spread for Forex/CFD is low as 1 pip and the leverage can be up to 1:100.
Weekend trading is available so it is possible to trade 24/7 with this platform. If you deposit more than 250$ you can get a higher account type for more profit. Also, there is a bonus program. In conclusion, it seems that RaceOption offers all the options which a trader needs to trade successfully the financial markets.
- Minimum deposit 250$
- Demo account only available after the first deposit
- Trade Forex/CFD and Binary Options on one platform
- Yield between 70% and 90%
- Leverage up to 1:100
- Weekend trading 24/7
- Account types
- Bonus program
Test of the RaceOption platform
The next step in this RaceOption review is to take a look at the trading platform. As you see in the picture below the platform is very clear and easy to use. In the next section, I will show you a step by step trading tutorial.
The platform is available for Webbrowser and Android devices. You can download the app in the google play store. Traders can change between Binary Options and CFD/Forex by only one click and analyze the markets through different chart types. The charts are provided by TradingView. This is a huge advantage compared to other brokers.
The trading platform of RaceOption
Charting an analysis
When it comes to trading successfully it is necessary to do a chart analysis to get the best entry for your trade. The RaceOption platform offers the tools of the charting service TradingView. You can use technical drawing tools and a huge range of indicators. They all what you need to do a complete technical analysis.
Another advantage of the platform is the news section. You can read the latest news and trade economic events with the calendar. Also, there is a summary of different analysis tools for you. One the one hand traders can do a fundamental analysis with this platform and on the other hand, there are enough tools for a correct technical analysis.
Facts about the trading tools:
- Charts are provided by TradingView
- Huge range of indicators and technical drawing tools
- Market News
- Fundamental News
- Use different strategies
How to trade Binary Options with RaceOption:
From my experience, it is very easy to understand how it works to trade Binary Options. The financial product is so popular because of its easy and clever design. You get a limited risk and possible return of investment. Choose between different time horizons. The price has to be above or under your entry point to get the high yield of up to 90%+.
With Binary Options you can invest in rising or falling markets. In addition, no matter how strong the movement of the market is, in the end, the price of your market and entry point is important. Do a forecast of the market movement and start trading. In the picture below you will see a graphic design of the platform and I will give you a step by step tutorial.
How to trade with RaceOption
Step by step tutorial:
- Choose an asset you want on the platform
- The yield depends on the asset class and expiry time of the trade
- Make your analysis and predict the future chart movement
- Choose the expiry time of the trade
- Invest in rising or falling prices
- Earn a high profit or lose your invested amount
- The price has to be below or up your entry point
Open your account with RaceOption
It is very simple to open your account with RaceOption. They accept any customers and you do not need a verification because it is an offshore broker. Just type in your real data to open the account in less than one minute. After that, you will get direct access to the trading platform and you are able to do your first deposit.
Easy and fast account opening
RaceOption review of the deposit and withdrawal
For you deposit and withdrawal you can use different electronic payment methods. Sometimes the payment method depends on your country of residence. At the moment you can use methods like a credit card, bitcoin, perfect money, and other cryptocurrencies. The deposit proceeds directly to your account balance.
When it comes to withdrawal your money by unregulated Binary Options Brokers it is sometimes very difficult. RaceOption says that they proceed their withdrawals very quickly and in less few hours. If you choose a higher account type your payments will be processed faster. I recommend to be careful with offshore brokers and withdraw your profits directly on the platform.
RaceOption funding methods
Facts about the payments:
- Credit Card (Master, VISA)
- Bitcoin and more cryptocurrencies
- Perfect Money
- Skrill, Neteller
RaceOption Bonus Program – Get additional money
RaceOption can offer you a high bonus of up to 100% and more. The bonus amount depends on your deposit amount. Traders can choose if they use the bonus or not. It is a good way to get additional money to the account balance. Then you can trade with more risk for a higher profit.
Get a free bonus
The bonus is always linked to conditions. You can read them transparently on the platform. The client has to do a turnover of 3 times of the bonus in order for the withdrawal. So that can happen very fast if you do day trading. In addition, there are risk-free-trades. This means that you can lose one trader and you get the lost amount as bonus credited to your account balance.
Facts about the bonus program:
- Deposit Bonus
- Maximal Bonus 10000$/€
- Make a turnover of 3 times
Test of the support and service for traders
The last important point to check in this review is the customer support. RaceOption offers 24/7 support and service via live-chat. Also, there is the possibility to make phone calls to different international numbers. From my experience, chat support works very fast and professional. You will get the right answer to your questions.
Otherwise, there is a huge FAQ for your questions and you can get trading tutorials by the support. In conclusion, the big advantage of this broker is the 27/ support in different languages. Only a few brokers offer this concept.
Facts of the support:
- 24/7 available
- Phone, Chat, Email
- Video Support
- FAQ and tutorials
- Available in different languages
Can you trust RaceOption? – Conclusion of my Review
In the sections, before I showed you the conditions and how to trade with RaceOption. For me, it seems like a reliable provide for Forex/CFD and Binary Options Trading but I have to mention that it is an unregulated offshore company. So please be careful with your deposit and withdrawals. I recommend withdrawing your profit immediately.
On the otherhand, an offshore broker got some advantages. You can get a high bonus and start trading without verification. In conclusion, RaceOption offers all tools which a trader needs to trade successfully the markets.
The advantages of RaceOption:
Accept international traders
Yield is up to 90%+
Different account types with bonus and special tools
Trade 24/7 on the platform
From my experience, reception is a good offshore broker with competitive conditions. But be careful because there is no regulation. (4 / 5)
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