A new face in the binary options market, RaceOption has risen in the broker ranks since its conception in 2014. Based in London, RaceOption offers traders and investors beyond the globe a user-friendly trading platform with enough of perks.
They have a vast selection of assets and accept enough of currencies, which means youll never have to worry about not being able to make your deposits or withdrawals. With advanced technology, impressive bonuses, and a guided trading facility, RaceOption fabricated a proper noun for itself in the binary options market in a curt time.
In this review, well fill you in on their trading platform, regulations, account types, and more, so you can brand an informed decision well-nigh whether RaceOption is the binary options broker for you.
RaceOption is widely known every bit a reputable broker with a convenient platform. The visitor shows that they value their traders, and they offering bonuses to prove it.
- Regulation:
Finance Group Corp -
Trading Platform: SpotOption -
Trade Types: Loftier/Depression , lx Seconds, Ladder/Pair, One Affect, Long-Term -
Payouts: xc% MAX -
Mobile Trading: iOS and Android -
Assets: CFDs, Forex, Indices, Stocks, Commodities -
Demo Account: Aye -
Payment Methods: Credit Cards, Debit Cards, Due east-Wallets, Cryptocurrency -
Minimum Eolith: $250 -
Withdrawal Processing: one Hour -
Bonus: 20-100% Deposit Match
Trading platform
The RaceOption trading platform is ane of the about intuitive and easy to utilise in the binary options market. Everything is laid out in front of you lot on their web-based interface, so no matter what aspect of your trading experience you want to run across, you lot have it at your fingertips.
RaceOption uses a platform similar to the SpotOption platform, though theyve changed it up a niggling. RaceOptions platform makes the trade interface even simpler by giving y’all access to everything you need all in the same infinite, without a convoluted layout.
Youll run into how much youve invested in the elevation right corner of your screen. Right below it, you lot can add to that corporeality, meet how much time you accept left in your timed trade, and as you lot predict the market outcome, when it comes time to invest, you deceit miss the bright call and put buttons near the lesser.
On the left side of the screen, youll see which assets youre trading as you watch the trends on the chart in the center of the platform. This accessibility makes RaceOptions platform splendid for both beginner traders and experienced investors who want to make some easy trades, without worrying about in-depth statistics.
All the same, if your goal is to accept all of those extra features, RaceOptions platform may not satisfy you. Fifty-fifty the best trading platforms dont suit everyones needs, and so make sure you know yours if youre thinking of trying a new broker.
Account types
Similar many binary options brokers, RaceOption offers tiered accounts. Each ane gives traders admission to different features, and the ane you choose decides how extensively you lot can use the RaceOptions platform and which features you lot can have advantage of.
RaceOptions gives you lot a pick between three business relationship types:
Bronze
A Statuary RaceOption business relationship is the most basic level, and its the ane many beginners start with. With a minimum initial deposit of $250, you get access to standard features like:
- 20% bonus
- 24/7 live video chat
- Copy Trading Tool
- Withdrawals within an hour
- Demo account
Although Bronze is the lowest tier, you can still utilise some of their educational materials, including a volume and a video that walk you through the trading process, if youre not familiar with it. Plus, you even so go access to RaceOptions other bonuses, which well talk nearly later on.
Silver
RaceOptions Silver tier is also their most popular one. Information technology requires a much higher initial eolith of $1,000, but yous get almost twice the features youll meet with a Bronze account. If youve already spent some time in the binary options market, the Silver tier allows y’all to take the side by side pace with more advanced materials.
With this business relationship, youll get all the standard features youd find in the Statuary tier, plus:
- A master course web session
- Individual account manager
- fifty% bonus or higher
- First three trades are run a risk-free
The master class web session gives you the educational materials youd expect to see for a trader who has reached at least the intermediate level. Well get into hazard-gratis trades when we talk well-nigh bonuses and promotions.
Golden
The Gold account is RaceOptions highest tier. Along with your minimum $three,000 deposit, youll go the maximum number of features and perks. This tier is best for experienced traders who have gone by the nuts and are ready to go all out with binary options.
With the Golden account, youll get everything in both the Statuary and Silver accounts plus other features similar:
- Integrated technical analysis
- 100% bonus on your initial deposit
At first glance, it may not wait similar much more than the Silver account, just integrated technical analysis tin can assistance you make the best trades and improve your trading technique. In other words, this higher deposit may mean yous go a higher payout as you learn and develop your own personal trading methods.
Merchandise types
RaceOption offers several trade types, all of which you tin can do from their web-based platform with the bear upon of a button.
- High/Low options: Loftier/Depression options is i of the nearly widely used types of binary options trade because its too the simplest. RaceOptions platform shows telephone call and put options at the bottom of their trading platform, so y’all tin can easily choose one or the other. All you have to exercise is click i to predict whether the marketplace will be higher or lower than it was when you began your trade and then go your payout if youre right.
- sixty-second options: With these trades, yous only have 1 minute to make your trade. If you lot practise information technology at the correct moment, youll become a payout.
- Ladder/pair options: Ladder/Pair options allow for more payouts, even if theyre not as high as the previous two types. If you trade anywhere within the price points provided, youll get a payout.
- One-impact options: One-Touch options arent well-nigh making trades based on the affect of a push button. Instead, your goal is to predict a price bespeak that the nugget price will bear on by the end of the time limit. If it does, yous get a payout.
- Long-term options: Long-term options are the opposite of 60-second options. With this trade type, youre playing the long game, waiting upward to a calendar week every bit you predict where the asset price volition fall over several days instead of seconds.
Assets
RaceOption has an impressive number of assets—over 150. The incredible diverseness has the potential to appeal to investors from all over the world, which helps RaceOption cater to more demographics. You have your pick between:
- Forex
- CFD
- Stocks
- Indices
- Bolt
You lot may have noticed ane conspicuous discrepancy in this list, cryptocurrency. While RaceOption could add cryptos similar Bitcoin, Ethereum, and Litecoin to its repertoire, information technology has yet to practice so. That can make it more challenging to reach traders who are either younger or more technologically invested than others.
However, despite the lack of crypto, RaceOption still manages to be an attractive banker for many traders, as they accept just about every other type of asset youll find with most binary options brokers.
Payouts and trading weather condition
RaceOption payouts start as low equally lx% and can accomplish as high equally 90%. Its not as high every bit the 100%, or even 200%, payouts you run across elsewhere, but information technology is comparable to the market overall.
The CFD market works a little differently. Instead of sticking between those percentages, your payout depends on your investment and the general market direction. Binary options comport a higher take chances, as the markets alter more quickly, and whether you get a payout at all has less to practise with the amount youve invested.
Whenever y’all invest with RaceOption, you must put in a minimum of $one, although you deceit go over their $1,500 limit per trade. RaceOption likewise has a sell-out feature. This feature allows you to close your trade before the stop of the allotted time limit and gives yous a partial refund, depending on how much time you have left.
Regulation
RaceOption is part of the Finance Group Corp (FGC) and Suomen Kerren, LP. Both are registered in Vanuatu, though RaceOption itself is based in London. While these companies dont offer quite the same level of protection equally regulatory bodies like FCA or CySEC, there havent been many bug with them or RaceOption.
Because of the minimal regulations, RaceOption can offer more assets, more merchandise types, and allows traders from more areas to participate in binary options trading. For example, while many brokers prohibit investors from the United States, RaceOption is one of the few that doesnt. That as well means you lot can merchandise more currency types if you decide to try forex trading.
The biggest problem with the lack of regulation is how unclear sure policies become. While RaceOption supports U.s. traders, regulatory bodies in the Us dont support RaceOption. Fewer regulations tin also create a less reputable visitor, although, in RaceOptions case, many traders have had positive experiences.
Bonuses and promotions
Before, we mentioned several RaceOption bonuses and promotions, and this is one expanse where the lack of regulation plays to your advantage. You can get some bonuses just past signing upwards for an business relationship—fifty-fifty at the Statuary level—while others take time and require you to participate in trades.
A lot of the possible bonuses depend on the type of business relationship you start with, and the more y’all invest, the college your bonus. With a Bronze account, you get a 20% initial bonus for investing $250 to $999. A Silverish account gets yous a fifty% bonus with $ane,000 to $2,999, and a Gold account gives y’all the most, with a 100% bonus after you lot invest at least $3,000. With a maximum initial investment of $50,000, you could end up with $100,000 in your account right off the bat.
|
Deposit Amount |
Bonus |
Total Deposit |
|---|---|---|
|
$250 |
20% |
$300 |
|
$1,000 |
50% |
$1,500 |
|
$3,000 |
100% |
$6,000 |
With the Silver and Gold tiers, you lot also get three take chances-costless trades. These trades forestall you from losing money if you brand an unsuccessful trade, and you get funds in the grade of a trading bonus instead.
Y’all besides have the choice to participate in RaceOptions trading contests. Each month, RaceOption holds a contest where traders see who earned the most from their trades. The company offers $twenty,000 worth of prizes, ranging from $10,000 to the summit spot to $100 bonuses to other winners. They selection 40 of them, then if youre a skilled trader, you can land a spot on their winning chart.
Mobile trading
In addition to its web trading platform, RaceOption offers an even more convenient mode of trading with its mobile platform. While older binary options brokers created their mobile apps after, RaceOption entered the scene with theirs.
You can download the mobile app for both Android and iOS with all of the aforementioned benefits youll notice on the spider web platform. You even so become CFD trading, sixty-2d, and 1-touch trading, and yous can manage your business relationship and portfolio wherever you lot become.
The app is complimentary, so you dont take to worry about actress fees. Plus, with merely one login, your information and funds are secure. You can even view your account history and see live CFD charts, then y’all know whats happening in the marketplace at all times.
Demo business relationship
RaceOption offers a demo account for any new traders. That doesnt hateful you accept to exist new to binary options trading; yous tin apply your demo account to explore RaceOptions platform to see how you like it.
Demo accounts are unfortunately only bachelor if you lot open an business relationship, but that doesnt mean yous need to offset trading with your actual funds right away. If youre just learning how to merchandise, their demo account will allow y’all practice trading on the RaceOption platform without the risk of losing your funds right away.
RaceOption isnt articulate about how much virtual money y’all get with your demo account, just that you have to asking the business relationship considering it isnt an immediately available option. You lot too have to deposit money into your account before you go the demo, even though youre not using your funds for it.
However, if y’all decide after testing the platform with your demo account that you dont similar RaceOptions services, you lot can withdraw your funds without punishment.
Deposits
RaceOption has a loftier minimum deposit at $250 for their lowest tiered business relationship. Still, they offering an efficient deposit service, allowing for payment methods that other brokers may not.
RaceOption accepts the post-obit methods of deposit:
- Credit card (including VISA and Mastercard)
- Debit carte du jour
- Bank wire transfer
- Cryptocurrency (including Bitcoin, Ethereum and several altcoins)
- Eastward-Wallets
RaceOption also accepts PayPal, which makes their services more available to traders and more secure. RaceOption does non accuse a service or transfer fee, except 5% for credit cards. They do warn y’all to exist wary of fees charged by a third party, including your bank.
With credit card options, your funds will appear in your account immediately, although all other methods take up to an hour to process.
Withdrawals
RaceOptions withdrawal process is unique. Whereas near other binary options brokers say your withdrawal will process in ane to three days, RaceOption does it in an hour, regardless of your withdrawal method. Its the same with a credit card as it is with cryptocurrency or e-wallets.
You lot can utilize all the same payment methods as you lot can to eolith funds, likewise. While this fast service may make the company seem suspicious, traders accept not reported any problems with their processing, whether with speed or security.
Customer support
RaceOption makes it easy to contact them through plenty of channels. Besides support by email and phone, a conversation window pops up when y’all visit the site.
While information technology stays off to the side at the bottom of the screen, its blinking greenish light reminds you that someone is always at that place to assistance if you lot accept a trouble. RaceOption also makes all other methods of contact visible, with their telephone number at the top of each page. If y’all dont need immediate assist, yous tin likewise employ the contact course on their website.
You tin contact RaceOption past:
- Telephone: +ane-829-947-6392
- E-mail: [electronic mail protected]
- Address: Finance Grouping Corp, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu
You can also find them on social media channels like Instagram, Facebook, and Twitter.
Pros
RaceOption offers enough of advantages to both new and experienced traders. Weve gathered them here so you lot tin decide whether RaceOption is the best banker for your binary options trading feel.
- User-friendly trading platform
- Lots of bonuses and contest opportunities
- Bachelor all over the earth
- Over 150 avails
- Fast deposit and withdrawal processing times
- 24/7 customer back up
Cons
While RaceOption may look attractive after seeing what it has to offer, each broker has its downsides, too. Here are some of RaceOptions to aid you make a more informed decision about this banker and their platform.
- Not regulated by FCA or CySEC
- Demo business relationship not readily available before the initial eolith
- High initial deposits
- No cryptocurrency trading
Terminal thoughts
While a binary options broker with few regulations can send up a ruddy flag, RaceOption is widely known as a reputable banker with a user-friendly platform. The company shows that they value their traders, and they offer bonuses to bear witness it.
If you want to proceed with caution (which you ever should when investing), test out the platform with their demo account. Yous can always withdraw your funds and move on to the next broker.
Source: https://binaryoptionswiki.com/raceoption-review
