RaceOption provides a platform for the traders to trade binaries. They are offering more than 100 trading assets to the traders and they claim to give maximum return up to 90%. You have to keep in mind that the average market rate of return is 85%. Our RaceOption review showed that they offer innovative customer support service with the live video chat to give a more personalized touch.
They claim that all withdrawal would be processed within an hour, and a demo account facility is also provided. RaceOption is a broker that is both for beginners and experienced traders. The broker offers a mobile trading app that freed the traders from infinite downloads and updates. The mobile app gets automatically updated. The app has a user-friendly interface that allows users to trade anywhere and anytime. RaceOption’s website is also secure with the strong SSL encryption software to protect the traders’ personal and financial information.
The broker requires a minimum deposit of $250 to start trading and offers bonuses up to a 100% deposit bonus. They have a three-step registration process, which includes free registration, fund deposits, and trading. The last step can be difficult if you have not any experience and knowledge in the binary options market.
What is RaceOption?
RaceOption offers three main types of options contracts; Long Term, Turbo, and Intraday. These contracts are Call/Put options, but their expiry dates are different. Long term options have the longest expiry date, while Turbo options have the shortest expiry date, and these investments’ returns range from 70% to 90%. They are very flexible about the size of the trade. For instance, you can invest a maximum of $1500 and a minimum of $1 in a single trade.
The trading platform used by the website of RaceOption is the same platform used by other brands of Finance Group Corp. You can access the web-based platform through any web browsers. The platform has a user-friendly interface and easy to use. The available assets on the platform are located on the left side of the trading screen, in the middle of the screen, you see a large price chart on which prices are updated in real-time. Traders can easily see the performance of the underlying asset and set different constraints through many tabs found on the right side of the platform.
RaceOption designed its platform to meet the needs of traders so that they can use the platform easily. They offer a live video chat system to provide support to the traders that are an innovative way to interact with the traders with a more personal touch. RaceOption offers different bonuses depending upon the level of account.
Trading binary options through RaceOption is very easy. You are exposed to limited risk and maximum possible return on the investment. For the high profits, the price should be below or above the entry point, depending on your trade choice.
You can invest in the falling or rising markets with binary options to make profits. It does not matter how strongly market changes but the entry point and its price is important. Traders should analyse the market before they start trading.
RaceOption offers basic tutorials to the trader for educational purposes, although the information is enough for the new traders to start trading. It is recommended for new traders to practice before they start actual trading. That’s why RaceOption provides a demo account facility to their verified traders.
You can trade Binary Options and Forex through the RaceOption platform. Binary options are easier to trade for beginners.
You can sign up for the platform in just three simple steps. The first step is about registration. You need to fill out the registration form by entering your credential, such as name, last name, country, email address, phone number, type of currency in which you want to trade. The registration process will take only a few minutes. After the registration process, you will receive your trading account and all tools that you need for profitable trading.
The last step is to start trading; you need to predict the market direction in order to have profitable trades. You can learn trading strategies independently or with the help of their specialists. You can use the platform from any web browser or smartphone. RaceOption offers more than 100 available assets for trading and accesses them from any device, anytime, and with a high level of security.
RaceOption Minimum Deposit
RaceOption minimum deposit is $250 USD. RaceOption accepts deposits from different payment methods, such as credit card, Bitcoin, altcoins, Skrill, and Neteller. RaceOption charges a 5% fee on the credit card payment. Your funds will instantly be deposited into your account.
On the deposit of $250, you will get access to the bronze account. This bronze account is associated with various advantages such as live video customer support 24 hours a day and seven days a week, a demo account, and many trading tools.
RaceOption offers many withdrawal options, such as Credit Cards (Visa MasterCard), Qiwi Wallet, Skrill, Okay, Perfect Money, and Neteller. Bitcoin is a highly preferable payment method by the RaceOption team. Bitcoins payment methods are fast, and there is no commission on them.
You ca withdraw a minimum amount of $50. RaceOption claims that withdrawals will be processed within an hour. However, you have to verify your ID before the withdrawal process. All these processes are done to ensure a secure trading atmosphere.
Users who do not accept any bonus can withdraw funds as soon as their account reaches to 100% turnover of the deposit amount. In simple words, traders can withdraw their funds just after the trading of the complete deposited amount.
Investors who have already received a bonus from RaceOption will be able to withdraw funds just after the 300% turnover of the deposited amount. You can read the policy conditions of the RaceOption bonuses on their website. They offer up to 90% payout and you can trade with a minimum of 1$ tade.
RaceOption Mobile App
The RaceOption platform is a little different from the other platforms that are offered by the Finance Group Corp. RaceOption platform interface has easy and well-designed interface that line up with other trading platforms offered by other leading brokers in the forex market.
RaceOption platform is browser-based, and it has all the significant charting information, account details, and trading data combined into the platform. But they also offer a mobile trading platform for their traders.
Just like most trading brokers, RaceOption has predicted the need of clients to check their asset trading while they do not have access to PC or Laptop. Traders do not need to tie their laptops to themselves or download and install the trading software on their laptops. They created a web-based platform, and you do not need to install or download anything. This platform can be accessed from anywhere worldwide and at any time in day or night using a tablet, iPad, and iOS or Android smartphones by using a mobile-optimized website. This means that mobile phone users can access RaceOption’s web-based trading platform without relying on the mobile trading apps.
Is RaceOption Regulated?
RaceOption was regulated in 2017 by Vanuatu’s trading authority under the name of Finance Group Corp. If you wish to check the legitimacy of a broker, then check for the authority that is regulating the broker. The major regulated authorities are CySEC in Cyprus, ASIC in Australia, and CFTC in the United States.
Although RaceOption is not regulated by these major authorities, the brokerage is operated by a reliable company. RaceOption is known to be a serious competitor in the binary options market place by offering wide-range offers to traders. From the ease of access to the fact that the platform offers friendly withdrawal terms, you can feel that this broker is going to experience huge growth quite quickly. RaceOption is a good offshore broker with competitive conditions.
Many traders are quite satisfied with the service quality of RaceOption. There are some areas where improvement is needed but RaceOption has managed to improve those deficiencies by offering a more personalized approach with live video customer support. For the first time in the trading sector, you can see to whom you are dealing, unlike talking to an unidentified entity. RaceOption claims to process all withdrawals in an hour; this is the first time in binary options trading as well. We did not receive any complaints about RaceOption scam. All these initiatives show that RaceOption is serious about building a reputation in the trading sector.