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%.
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.