For you to trade with this broker, you should have a minimum deposit of $50, but you can commence your trade with as little as $1.
Raceoption review 2024
Are you a potential trader looking for a reliable platform to trade on? Well, let us look at the Raceoption binary trading platform. As you all know, it is always wise for you to research a site where you want to invest for the guaranteed security of your assets.
what is Raceoption?
Raceoption is a binary trading platform that was founded by Race Projects Ltd. in 2017 with their headquarters in Marshall Island.
This platform was created to provide CFD and fixed-time binary options speculation services to you as traders and investors around the globe.
Raceoption is known for its contests and giveaways. It offers a 90% payout and a 100% bonus for the first deposit. One thing about Raceoptoin is that it considers both beginning and experienced traders. Raceoption is also mobile-friendly, hence allowing you to trade from any place at any time.
For you to trade with this broker, you should have a minimum deposit of $50, but you can commence your trade with as little as $1. Well, some sources indicate that the Makerun Corporation operates Raceoption, but all in all, the broker remains without regulation, so it becomes tricky to invest where you have no guarantee of financial security.
Products offered by Raceoption
Stocks>> Raceoption offers stocks like Tesko, Ferrari, Nissan Motor, Tata Motors from India, Tesko, Toshiba Corp, Vodafone, etc.
Currencies>> The currencies offered here include EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP, BITCOIN/USD, etc.
Commodities>> These include; PLATINUM, OIL (LIGHT SWEET CRUDE), SUGAR, COFFEE, GOLD/EUR, GOLD, GOLD FUTURE, etc.
Types of Accounts in Raceoption
There are three types of accounts in Raceoption that carry according to your net worth as a trader. The three accounts include the silver, bronze, and gold accounts.
Bronze account: This is the basic account in Raceoption. Its features include 24/7 live chat support and a copy trading tool; you can make your withdrawals in an hour. You are also qualified for a demo account at this level, plus a 20% bonus on your first deposit. Of course, the minimum deposit equals $250.
Silver account: At this level of account, you enjoy all the benefits of a bronze account with a bonus of 50% instead. Add-ons on this account include a master class (web session) and the first three risk-free trades. The minimum deposit here is $1000.
Gold account: At this stage, you rank yourself at the top of the table. The minimum amount you will need to invest here is $3000. The advantages of this account are the same as those of the silver account, with an increase in the bonus to +100%. You are also awarded the title of personal account manager at this level.
Payment methods
The payment methods available with this broker include Visa, Bitcoin, Ethereum, and altcoins.
The chart is per the Raceoption platform on my publishing day.
Advantages of Raceoption
- Non-Stop Trading, Even over Weekends
- Wide Range of Deposit and Withdrawal Methods
- Copy Trades and Earn Even Without any Experience in Trading
- 24/7 Customer Multilingual Support
- Possibility to Trade Under Experienced Trader Guidance with a Gold Account.
- A wide selection of indices and equities
- Competitive promotions.
- Raceoption does not charge any deposit or withdrawal fees for a trader trading on the platform. The only withdrawal fees applicable are for VISA withdrawals.
Disadvantages
- Unregulated
- Strict inactivity charges
- Large minimum deposit considering the market average.
- Lack of transparency.
- It charges a transfer fee of 5% for withdrawing funds through VISA cards.
How to sign up with Raceoption
Have you been there wondering how you would sign up with the broker and trade with them ASAP? well, here is your answer:
- Visit the Raceoption website or download the mobile application.
- The signup button will allow you to create your account if you are an experienced trader. If not, you can click on the ‘demo account’ option to learn to trade.
- Now, enter the details asked to join Raceoption. Usually, these details include your name, email address, identity proof, payment method verification, etc.
- Once the information is complete and verified, you can begin trading on Raceoption.
Withdrawals and deposits
How to deposit
Sometimes it is challenging when it comes to depositing in other platforms. With this platform, it is easy to go. $250 is the minimum amount you need to get started here.
- Login to your Raceoption account with your login credentials.
- Choose your desired payment method to fund your Raceoption account.
- Select amongst the cryptocurrency, bank transfer, debit, and credit transfers to choose your preferred payment method.
- Enter the deposit amount to add to your Raceoption trading account and confirm the payment.
How to withdraw
I have won, or I feel the amount in my Raceoption account is beyond sufficient, and I need to withdraw. How do I go through the process? You first need to know that the minimum amount to be withdrawn is $50. Ironical right? Raceoption withdrawals through any medium take up to one hour to process. Well, let’s get on with the withdrawal process.
- Log in to your Raceoption account and click on your profile icon in the upper right corner of the platform.
- Choose Withdraw Funds from the menu.
- Select the account you want to withdraw funds from (if you have multiple accounts).
- Choose the payment method you prefer and enter the amount you want to withdraw.
- Confirm your withdrawal request and wait for the processing time.
What you need to put into concern is that wired transfer is the poorest here.
Conclusion
As you have all seen, Raceoption is a good platform that one could consider trading with, except for some little downfalls that they should consider or that we will still consider.
The minimum deposit amount that they offer does not favor most of us, though the withdrawals are good. I have noticed that they don’t offer any kind of education either.
The main concern that you, as a trader, should take into consideration is the issue of regulation.
Since Raceoption lacks regulation, I find it difficult to trust them, but if you find them trustworthy, there is no reason for you not to trade with them. However, I feel it is wise to appreciate them with the giveaways.
Raceoption Details
