Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FFB Logo
nadex USA binary options forex banner Your capital is at risk
264x151 Nadex new US

RaceOption Broker Review

RaceOption Broker Review
Petar Nola
Launched in 2017, Raceoption is a modern Binary Options and CFD broker. It offers an electronic platform for trading Binary Options and CFDs in stocks, Forex currency pairs, 3 types of crypto currencies, indices and commodities. Features seen at Raceoption include a copy trading tool, guaranteed 1-hour withdrawals and weekend trading. Raceoption is operated by... Read more
Launched in 2017, Raceoption is a modern Binary Options and CFD broker. It offers an electronic platform for trading Binary Options and CFDs in stocks, Forex currency pairs, 3 types of crypto currencies, indices and commodities. Features seen at Raceoption include a copy trading tool, guaranteed 1-hour withdrawals and weekend trading. Raceoption is operated by Race Projects Ltd, a company registered in the Seychelles. Race Projects Ltd operates on behalf of FGC, the holder of the financial services license. However, we did not see details of the license on the Raceoption website.
1

  1. Launched in 2017, Raceoption is a modern Binary Options and CFD broker. It offers an electronic platform for trading Binary Options and CFDs in stocks, Forex currency pairs, 3 types of crypto currencies, indices and commodities. Features seen at Raceoption include a copy trading tool, guaranteed 1-hour withdrawals and weekend trading.

    Raceoption is operated by Race Projects Ltd, a company registered in the Seychelles. Race Projects Ltd operates on behalf of FGC, the holder of the financial services license. However, we did not see details of the license on the Raceoption website.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk

  3. RaceOption Special features

    Customers registering an account with Raceoption have a choice of three account types, Bronze, Silver and Gold, requiring incremental minimum deposits. Each trading account comprises of a package of popular features and services demanded by traders. Significantly, customers get more bonuses and advantages by investing higher amounts in a trading account. Notably, a Demo account is incorporated into each account type for simulated trading. However, before getting Demo account credentials from customer support, customers must fund their accounts with the minimum amount indicated. An important feature for every trading account at Raceoption, is that withdrawal requests are processed within 1 hour.

    RaceOption Bronze Account

    A minimum deposit of $250 is required to open the Bronze account. Customers get access to the trading platform, a Demo account for virtual trading, the copy-trading tool and 24/7 live video-chat.

    RaceOption Silver Account

    With a minimum deposit of $1,000, customers can open a Silver account giving them access to the trading platform, the copy trading tool and 24/7 live video-chat support. Additionally, they get a Master class web session explaining trading in financial markets and a personal account manager.

    RaceOption Gold Account

    It requires a minimum deposit of $3,000 to open the ultimate Gold trading account at Raceoption. Customers get all the benefits and advantages offered to Silver account holders described above, as well as integrated technical analysis providing guidance for trading decisions.

    RaceOption Fees and Commissions

    We saw that Raceoption does not charge commissions or fees on most CFD trades but takes its revenue from the spreads shown on the website for underlying assets. Subsequently, the amount indicated in the payout box on the trading platform is what is credited to the customers’ accounts. Raceoption reserves the right to charge swap fees on the face value of open overnight positions at a rate of 0.07%. Significantly, traders opening unleveraged positions for trading in CFDs for Crypto currencies are charged between 1% and 2.5% of the value of the transactions. However, the commission for leveraged CFD trades in Crypto is much higher at 5%.

    RaceOption Bonus

    New and existing customers at Raceoption, may be offered attractive reward features such as 100% bonuses, risk-free trades and trading credits worth up to $100,000 per year at various times. It’s important to realise that gift offers are always conditional, and clients have up to 3 days to reject them if they don’t wish to accept the promotional terms.

  4. Try a simpler way of trading with FXMasterBot

  5. Testimonials FairForexBrokers Your capital is at risk

    Become an FXMasterBot trader today

    Join FXMasterBot and become a trading master! FXMasterBot is a forex and cryptocurrencies trading software that takes your trading to the next level. It allows you to trade signals on forex pairs like EURUSD or the hottest cryptocurrencies like Bitcoin. You also get the best customer support available. Get your FREE account now

  6. RaceOption Trading software

    One very popular user-friendly, trading platform is available to traders at Raceoption. It comes in 3 versions: a simple, web-based platform and two ‘one touch’ mobile platforms for Android and iPhone. The platforms offer 160+ assets for Binary Options and CFD trading in Forex, Commodities, Stocks, Indices and Crypto currencies. Notably, Binary Option trading is the default setting on the platform. For customers wishing to trade in CFDs, a trading tab with the letters CFDs is positioned on the top of the trading platform. We noticed that Raceoption does not have a blanket policy about minimum and maximum order size, but shows specific details for each type of CFD on the trading platform. Leverage up to 1:100 is available to customers and a minimum maintenance margin of 5% of initial investment is required to keep any position open. We found the set-up of the platform especially straightforward, with drop-down menus for assets and expiry times, asset charts, buy and sell buttons for choosing trading direction and a payout box showing percentage profit based on the amount of money invested. A copy-trading tool allows customers to automatically copy trades made by successful traders at Raceoption.

    Mobile Platform

    Importantly, the free mobile apps are packed with multiple features and are accessed with the same login procedure as the web-based platform. With the Raceoption mobile apps, customers can go directly to their accounts, access their portfolios, follow their trade history, open all the live charts for CFDs shown on the web-based platform and execute regular CFD trades instantly. They can also execute Binary Options trades on the mobile platforms.

    Education

    The education section at Raceoption is divided into several categories. They include information for setting up a trading account, promotional offers and how to trade Binary Options and CFDs on the trading platform. We found the explanations clear and easy to follow, making it straightforward for traders in the learning phase to get started at Raceoption.

    RaceOption Assets

    The web-based trading platform gives customers the opportunity to invest in more than 160 assets, 7 days a week from any device including Mac, PC and smartphone.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. RaceOption Support information

    An multi-lingual live support, with video-chat is provided 24/7 for all registered customers at Raceoption. In addition to the live chat on the interface, 5 telephone numbers for global support are listed on the contact page. Customers preferring to make email enquiries, need only fill in a prepared form for a rapid response.

  9. Try a simpler way of trading with FXMasterBot

  10. RaceOption Payment Methods

    A diverse selection of secure payment methods is supported by RaceOption including three Crypto currencies. The list of payment methods includes Visa, Visa Electron, Neteller, Skrill, Perfect Money, Ethereum, Altcoins and Bitcoin. We saw that customers may also choose to deposit and withdraw funds using bank wire transfer but pay a fee of $50 to RaceOption for each transaction.

    Clients opening a live trading account at RaceOption can choose to operate the account in USD or EUR. Deposits made in other currencies are converted to a base currency, with conversion fees charged to the customer. We were pleased to see that the minimum withdrawal is as low as $50 and transfer fees on deposit and withdrawals are not charged by RaceOption. However, customers using Visa and Visa Electron are charged a fee of 5% by the payment provider.

    Whilst RaceOption processes withdrawal requests within 1 hour when all the client verification documents are in order, the time taken for funds to reach customer accounts can be as long as 5 days depending on the kind of payment method selected by the customer. Significantly, traders using Crypto currency and E-Wallets to transfer funds, are paid as soon as processing is complete.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

    12. Your capital is at risk
Footer Crypto Icon

Top Crypto Brokers

Rated with 5 stars
  • Min. Deposit
  • Max. Leverage
  • $100
  • 1:400
Visit our Top Crypto Broker
Footer Casino Icon

Trusted Forex Broker

Rated with 5 stars
  • Min. Deposit
  • Max. Leverage
  • $100
  • 1:400
Visit the trusted Forex Broker
Your capital is at risk

Top Trading Platforms

  • Broker
  • Min. Deposit
  • Min. Investment
  • Reviews
  • NADEX logo new 2018 small
  • $250
  • $1
  • NADEX
Your capital is at risk
Your capital is at risk

Copyright © 2012-2019 All Rights Reserved Fair Forex Brokers - us

Privacy Policy     Cookie Policy

Disclaimer: This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed.
The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website.

In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, FairForexBrokers.com has financial relationships with some of the products and services mention on this website, and FairForexBrokers.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money.

Important notice for US traders: Not all brokers and offers are regulated in the United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated. FairForexBrokers.com does not recommend any forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC. Every trader is obligated to check the legal status in their respective jurisdiction on their own.

FBO iGB - Best Binary Affiliate

FBO Awards