Raceoption copy trade service - can you make money copy trading?
Amateur traders all over the world are making money through copy trading. It is a profitable long-term tool in trading and can be used by anyone regardless of their trading experience. The crucial factor is determining the right trader to follow.
Raceoption Copy Trading is one of the most versatile copy trading platforms. This article about Raceoption copy trading review will provide greenhorn traders with a detailed review of Raceoption copy trading- features, how to start, and basic rules to follow during copy trading.
What does copy trading mean?
Copy trading is an automated version of Social Trading, enabling traders to copy trading strategies and portfolios of others. It is often favored by new and established traders who need more trade experience to make profitable trades and learn to trade along the way.
The objective of copy trading, similar to conventional retail trading, is to buy positions on financial markets like stocks, commodities, indices, Forex, options, and crypto and sell them once their value rises. As of 2023, numerous platforms offer copy trading services; some are fully automated, while others are manual.
Raceoption copy trading - pros and cons
Let’s briefly discuss the pros and cons of Raceoption to get an unbiased view about Raceoption copy trading review.
👍 Pros:
• Source of generating passive income.
•Wide range of methods to withdraw and deposit funds.
• 24X7 multilingual customer support.
• No maintenance charges.
•Quick processing of withdrawals.
👎 Cons:
• Raceoption charges a transfer fee of 5% when using credit cards.
How to get started with Raceoption?
Open an account
To start copy trading with Raceoption; traders must register by creating an account. The process is hassle-free and takes only a few minutes.
Registration on the Raceoption website
Open the registration page here, and feed in basic details- your email, desired password, Name, phone number, and account currency.
Creating your account on Raceoption
Enter the promo code if you have one and are good to go.
Choose the type of account
Raceoption has three kinds of accounts, and the deposited amount by the user determines their account type.
Bronze Account
24/7 live video chat support.
A 20% Bonus will be added to the deposited amount.
Withdrawals within 1 hour.
Demo account.
Copy Trading Tool.
Silver Account
24/7 live video chat support.
A 50% Bonus will be added to the deposited amount.
Withdrawals within 1 hour.
Demo account.
Copy Trading Tool.
Master class session.
The first 3 trades are risk-free.
Gold Account
24/7 live video chat support.
A 100% Bonus will be added to the deposited amount.
Withdrawals within 1 hour.
Demo account.
Copy Trading Tool.
Master class session.
The first 3 trades are risk-free.
Personal success manager.
Fund your account
Bringing in funds is easy as a breeze, and users can choose any of the following methods to fund their Raceoption account:
Credit/Debit Cards: VISA, Maestro, and MasterCard.
Raceoption does not charge any charge transfer fee, but a third-party transfer fee may apply.
How to find the right trader to copy?
Choosing the right trader to follow can make the difference between earning a fortune and losing it all, down to the last zero. A new trader should thoroughly evaluate any signal provider before following them. Here is a list of helpful pointers to point inexperienced traders in the right direction.
Only follow traders who have many followers and pay attention to how much money those followers have invested in that signal provider.
Look for consistency in the expert traders’ profit chart. Also, study their monthly trades to understand their performance better.
Look for the risk score. The more consistent and lower the risk scores, the better.
The activity level is also something you should look out for. Match the activity level of signal providers with your long-term or short-term goals.
How to start copy trading with Raceoption?
Users can start copy trading by opening the Raceoption trading platform and selecting ‘Copy Trading’ from the options on the far left.
A window showing the top ten traders you can follow will open.
Users can see the name of the traders and their profit percentages.
Select the traders and the trade size, and click copy.
What does Raceoption copy trading cost?
Copy trading does not cost additional charges when trading through Raceoption and does not charge any management fees. Raceoption profit comes from the commission from trades; they can be either manual or copied. Users can start trading with a minimum funding of USD 250 in their Raceoption account.
Best Binary Options No-Deposit BonusesIs copy trading safe with Raceoption?
Trading involves risk. No approach towards trading guarantees profit. That being said, time-tested players benefit from experience in risk management. Newbie traders are bound to incur losses at the beginning of their trading career. Still, copy trading is a safer option with Raceoption that allows them to axe their losses and simultaneously learn from observing expert traders.
FAQs
Is copy trading the right choice for beginners?
Copy trading is an excellent tool for beginners to excel at trading by making profits and learning from adept traders.
Is Raceoption copy trading manual or automated?
Raceoption is a platform for automated binary copy trading.
What are the risks of copy trading?
The most significant risk, whenever dealing in trading, is market fluctuations.
How can I withdraw money from my trading account?
Account funding > Withdrawals > Choose the method of withdrawal.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.