Raceoption

RaceOption Review: Is RaceOption Broker Good?

Investing in binary Forex is becoming increasingly popular among traders looking for quick profits. Choosing a reliable broker with good trading conditions is the most important thing to be successful. Today, other Forex and CFD brokers that we will present are another binary trading broker that many people should consider this information to decide to use the service, which is the broker RaceOption.

Broker overview and general information

RaceOption is a binary trading broker, which is a short-term trade where traders predict whether the price of an asset will rise or fall within a specified time frame. If the prediction is correct, traders will make a profit from the trade. Most brokers of this type do not have a clear control license. This is because they are different from other types of brokers. They are more like gambling than normal trading.

Broker Licensing and Regulation

If you ask whether RaceOption is good or not, you should start by considering the license and registration factors first, which are as follows:

⚠️Warning: No licensing and regulatory information for this broker was found. Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended to conduct thorough research and consideration before investing.

Broker Products and Services

Trading products

The broker offers over 100 CFDs and Binary Options assets, including Forex currency pairs, cryptocurrencies, stocks, commodities and indices. Popular financial markets include major and minor currency pairs on Forex, global companies on the stock market and a group of global indices.

Trading Platform

RaceOption's trading platform is a platform developed by the company itself. Its main features are as follows:

Web trading platform

• Fast action

• Real-time charts

• Trading History

• Accessible from multiple devices. Access your account from both your computer and mobile device.

• User-friendly interface

Mobile Platform

Trade on mobile with RaceOption 

Platform Features:

• Trade regular options and CFDs

• Trade within 5 seconds

• Easy deposit and withdrawal

• View trading history

• Works with the same login information as the website.

RaceOption Review: Account Types

There are 3 types of trading accounts as follows:

Bronze Account

• 24/7 live video chat support

• Withdraw money within 1 hour

• Bonus +20%

• Demo Account

• Copy Trading Tools

• Minimum deposit $250

Silver Account

• 24/7 live video chat support

• Withdraw money within 1 hour

• Bonus +50%

• Demo Account

• Copy Trading Tools

• Masterclass (web session)

• Personal Manager

• Minimum deposit $1000

accountGold

• 24/7 live video chat support

• Withdraw money within 1 hour

• Bonus +100%

• Demo Account

• Copy Trading Tools

• Masterclass (web session)

• Personal Manager

• Minimum deposit $3000

Deposit and Withdrawal Review

Deposit and withdrawal channels

VISA/Mastercard

• Transfer fee: 5%

• Deposit Time: Instant

• Withdrawal time: Up to 1 hour

Bitcoin

• Transfer fee: None

• Deposit Time: Instant

• Withdrawal time: Up to 1 hour

Ethereum

• Transfer fee: None

• Deposit Time: Instant

• Withdrawal time: Up to 1 hour

Altcoins

• Transfer fee: None

• Deposit Time: Instant

• Withdrawal time: Up to 1 hour

Considerations

• RaceOption does not charge any transfer fees. However, third-party fees may apply.

• During weekends and public holidays, deposit times may be delayed.

• Withdrawal time will be received immediately after confirmation.

• The minimum amount allowed for withdrawal is $50.

Support and Customer Service

• Live chat

• X -https://twitter.com/raceoptioncom

Support phone number:

• +18299476393

• +442080685335

• 3-395-0396

• 081-855-7055

• +7-499-7033774

RaceOption Broker Review Summary: Is it any good?

Overview of the broker RaceOption is a binary broker. It is recommended that it is a superficial trade that focuses on short-term profits and is not sustainable in making long-term profits. In addition, this type of broker has a high risk of being cheated, both in terms of unclear licenses and conditions that are not fully disclosed. Therefore, it is recommended that any traders who really want to trade forex to make a profit choose a normal broker with a full license and correct information.

RaceOption FAQs

Q - How quickly is my withdrawal request processed?

A - RaceOption processes all withdrawal requests within 1 hour.

However, the review may take longer if the client does not submit all requested documents in time.

Q - Does RaceOption withhold taxes from payments?

A - RaceOption does not withhold any taxes. However, as a customer, you are responsible for complying with the tax requirements in your jurisdiction.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

RaceOption Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.