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Raceoption reviews ; Is raceoption a scam? The answer is here.

Raceoption reviews ; Is raceoption a scam? The answer is here.

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Raceoption reviews
Raceoption reviews ; This is an offshore broker that trades forex, binary option as well as CFD. In recent years, this broker has been penetrating the market with their good trading conditions. Meanwhile, raceoption provides clients with a wide range of assets. This is important as their is no limitation to the trading choice of the client.

Moreover, raceoption provides clients with wide range of deposit and withdrawal methods. In addition this broker process fund withdrawal within an hour. This is a rare feature available in most brokerage companies.

One of the biggest marketing strategy of raceoption is provision of bonuses for their clients. But we shall dive into that in this raceoption reviews.

To get across to them, clients can chat up their support through a live chat on the website. In addition, they can also fill out a contact form on the website. There are numerous phone numbers through which clients can place calls in other to reach out to the support.

NOTE : You can check the list of top binary option brokers here.

Raceoption reviews

Raceoption has a very user-friendly trading platform; And a clear understanding of the technical requirements of the binary options trading environment. This broker was launched in 2017. They are one of the few brokers to accept US customers and in fact, trade across all nations.

Currently, there are over 150 assets available for trade in raceoption.

Meanwhile, this broker provides clients with trading plartform which they believe is the best. Moreover, the platform comes in 2 different forms, which includes Mobile and Web forms.

This trading plartform is unique. It’s only used by Clients of raceoption. Although they believe that this plartform come with great features that any trader may require; We think it’s a disadvantage to them. This is because majority of traders use Mt4 trading plartform. Moreover, raceoption don’t support this Mt4 trading plartform.

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Raceoption reviews
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Through this raceoption reviews, we found out that this broker offers bonuses for all their account types. These bonuses ranges from 20% to 100%. Moreover, raceoption offers risk free trades for their silver and gold accounts.
Therefore, in case of any negative trade in the first 3 trades for these account types, clients will receive a reward in form of trading bonus.

This is a unique advantage of this broker. Another broker that makes such offer is binarycent which appears to be owned by the same group.

Raceoption account types.

There are three available account types in raceoption. These account types come with great features which we shall list below:

1. Bronze Account : This is the basic account in raceoption. It offers daily live video chat. And requires a minimum deposit of $250. Deposit, comes with a bonus of 20% and withdrawal is processed within an hour.
Meanwhile, the disadvantage of this account type is inability to access first 3 risk free trades. In addition, raceoption don’t provide personal account manager and master class for this category of trades.

2. Silver Account: The minimum deposit in silver account is $3000. It has all the features of bronze account. In addition, raceoption offers clients 50% bonus following deposit. Moreover, clients are provided a personal account manager as well as master class sessions.
Meanwhile, raceoption offers these category of traders first 3 risk free trades.

3. Gold Account: This is the 3rd account type in raceoption. It requires a minimum deposit of $50000. It has all the features of silver account. Moreover, raceoption provides 100% deposit bonus for these class of individuals. In addition, they have access to advanced technical analysis.

The 3 account types above allow traders to copy the trades of professionals. Therefore, if you are a newbie, you can start making money the moment you invest with the help of these professionals. Moreover, as a newbie, you can a demo account in any of the account types. This gives you the opportunity of getting use to the trading condition of the broker.

Raceoption reviews on methods of deposit and withdrawal.

There are different methods of deposit and withdrawal available in this broker. And raceoption does not change commission for these methods of transaction.

However third-party fee may be applied.
NOTE; During weekends and public holidays, funding time may be delayed.
The available methods of payment includes, Credit cards like Visa card and master cards. This method cost 5% commission.
In addition, you can make payment using perfect money.
Raceoption also accept cryptocurrency payment. Traders can pay using Bitcoin, Altcoins, and Etheruim. Like we mentioned earlier, there are no commissions involved.
Raceoption process both deposit and withdrawal within an hour. Which is a unique advantage as it increases trader’s confidence.

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Is your money safe in raceoption?

Raceoption uses SSL (Secure Socket Layer) technology to encrypt your transactions and keep your personal information as secure as possible

The Raceoption brand name is owned and operated by Race Projects Ltd. A company that is registered in Seychelles with registration number 114612, to provide binary options products and services to global traders, irrespective of their financial background. However, the interesting aspect of Race Projects Ltd. Is that it is in turn owned by the Finance Group Corp. (FGC), a Vanuatu-based financial company that has numerous other similar binary options companies situated in different locations across the world.

The Raceoption website has the same theme as Finrally, a binary options brokerage operated by the FGC, and aside from a modified company logo and brand name, Raceoption has the same features as its Finrally counterpart.

Race Projects Ltd. was incorporated only in the year 2017 and is a relatively new company with a small trader database. The company currently caters to around 1750 active traders. And the average daily trader income is quite nominal at approximately $750 per trader. Of course, we commend Raceoption for being financially transparent, as it helps in ensuring trust and confidence while trading with the company.

Nevertheless, we are slightly concerned that Raceoption is not a regulated by the world class regulatory bodies. As there are several leading companies that have regulatory licenses from leading agencies such as the CySEC, the FCA, and the ASIC.

Moreover, it’s an offshore broker, registered in Vanuatu. But it’s operations are transparent.

In the course of this raceoption reviews we noticed that they owners of the broker has been in existence for a long time. Meanwhile, it appears to be the same group that own binarycent.

What we don’t like about raceoption.

Apart from being an offshore broker, and not being regulated more reputable regulatory bodies; There are other concerns we have.

First, the bonus offer by raceoption is not withdrawable. In addition, it’s impossible to trade using the bonus alone. Therefore, you will have to fund your account before you will receive the bonus. Meanwhile, if you loose your trade and your balance drops to the bonus amount, raceoption automatically places a margin call on your open trades.

For example, if you deposit $1000, you will receive a bonus of $1000. Therefore, you will have $2000 available for trade. If you loose your trades and the your balance drops to $1000, raceoption automatically closes all your open trades.

In addition for you to access the demo account of raceoption, you will have to open and fund real account.

Raceoption reviews conclusion.

In all, raceoption is transparent and this is very key in binary option trading. Although it has some challenges, but we believe that the owners will continue to work hard to make things better. Moreover, their is no perfect broker.

Therefore, you can go ahead and open account with raceoption by clicking here.

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