According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Web platform
- Raceoption (Mobile)
- Rollover, Sell trade, Double up, Live trades copying, TradeBack
Our Evaluation of Raceoption
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Raceoption is a moderate-risk broker with the TU Overall Score of 5.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Raceoption clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Raceoption is a broker for beginners and experienced traders who trade Forex assets, stocks, indices, and binary options.
Brief Look at Raceoption
Raceoption is a Forex and binary broker providing financial services internationally. The company offers optimal trading conditions for buying and selling assets of different groups, and it gives options to make money on binary options and copy transactions of professional traders. Raceoption clients have access to a referral program and bonuses; the broker also regularly conducts trading competitions among all traders. Trading is available around the clock, and the support service is also available at any time of the day.
- The company offers ways to generate passive income.
- It offers many methods to deposit and withdraw funds.
- The broker cooperates with traders globally.
- It takes only a few minutes to open a trading account.
- There are no commissions for maintaining the account or for non-trading activities.
- The company charges a 5% commission for money transfers via VISA cards.
TU Expert Advice
Financial expert and analyst at Traders Union
Raceoption is an international broker that provides an opportunity to trade on the Forex market, as well as make a profit using binary options and copy trading. The company is focused on cooperation with traders with different needs: from beginners to professionals, and regardless of whether they prefer active trading or receiving passive income. In Raceoption, you can find multiple groups of assets, a referral program, and the ability to copy transactions of other traders to make a profit without actively trading yourself. Raceoption profile details.
Trading conditions are the same for all traders, regardless of the selected account type. Raceoption has three accounts, plus a demo account. Trading is carried out on a web platform, so there is no need to install software on your computer. There is no commission for using the terminal or maintaining the account.
Raceoption is ready to cooperate with traders regardless of the level of their skills, but there are no training materials on the site.
Raceoption Summary
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
| 💻 Trading platform: | Broker’s proprietary web platform, Raceoption mobile platform |
|---|---|
| 📊 Account types: | Bronze, Silver, Gold, VIP |
| 💰 Account currency: | USD, EUR, GBP, RUB, BTC, ETH |
| 💵 Deposit / Withdrawal: | Visa/MasterCard, Bitcoin, Ethereum, Altcoins |
| 🚀 Minimum deposit: | 10 to 20 USD depending on region |
| 📈️ Min Order: | 0.01 |
| 🔧 Instruments: | Stocks, currency pairs, commodities, indices, cryptocurrencies, and options |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Rollover, Sell trade, Double up, Live trades copying, TradeBack |
| 🎁 Contests and bonuses: | Giveaway, Risk free trades, Extra promotions on Public holidays |
Raceoption provides clients with trading tools from well-defined groups such as currency pairs, stocks, cryptocurrencies, indices, commodities, and metals. Also, traders can earn income by trading binary options. All instruments are available regardless of the type of account. The minimum deposit for all accounts is 10 to 20 USD depending on region, and the leverage reaches 1:500. In addition to independent trading, Raceoption provides a service for copying transactions. There are also bonus programs and contests.
Raceoption Key Parameters Evaluation
Video Review of Raceoption
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Trading Account Opening
You can start trading and take advantage of Raceoption’s offers after opening an account with the company. Just follow these the step-by-step instructions:
Visit the official website of Raceoption. To get started, you need to open a real trading account. To do this, on the main page, click on the Register button, which is located in the upper right part of the screen.
Fill in the form with personal data. Enter your first name, last name, phone number, email address (in the future it will be used as a login), and come up with a password to log into your account. Also, select the base currency of the account. Enter the promotional code, if you have one. Read the customer agreement, then click on the Next button.
The next step is to log into your account using the email address provided in the profile earlier and your password.
The functionality of the Raceoption’s personal account:
Also in the personal account, the trader has access to:
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A trading platform on which binary options and other instruments are traded.
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A section in which the user can track the number of referrals and his income for participating in the referral program.
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24/7 support. The link button is located in the Settings section.
Regulation and safety
Raceoption ensures the protection of the personal data of its clients. The company uses Secure Socket Layer (SSL) technology to ensure a reliable connection and the protection of data from fraudsters. There is no two-factor authentication. Is Raceoption A Safe Broker?
Advantages
- No need to fill out a large amount of documentation
Disadvantages
- The company does not cooperate with compensation funds and organizations protecting the rights of traders
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Bronze | from $10 | VISA - 5% |
| Silver | from $10 | VISA - 5% |
| Gold | from $10 | VISA - 5% |
| VIP | from 10$ | Visa - 5% |
The broker charges a commission of 0.07% of the position value for transferring a trading position to the next day (swap).
| Broker | Average commission | Level |
|---|---|---|
|
$10 | |
|
$5 | |
|
$7 |
Account types
Raceoption offers 4 types of real trading accounts, as well as one demo account. The size of the minimum deposit, as well as trading conditions, are the same for all types of accounts.
Account types:
The broker provides its clients with the opportunity to open a free demo account to test their trading skills and test new trading strategies. To open a demo account, you need to create a real account, make a deposit and contact the company’s employees to apply for a virtual account. How to delete or archive a Raceoption account read here.
A resident of any country can open an account with Raceoption, regardless of whether he or she has experience in trading binary options, Forex assets, stocks, or other instruments.
Deposit and withdrawal
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To fund a trading account or withdraw funds, a trader needs to go to the personal account, in the Account funding section.
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The company’s clients have access to the following methods of replenishing a deposit and withdrawing funds: using Visa or MasterCard bank cards, through Bitcoin (₿), Ethereum (Ξ), Litecoin (Ł), Altcoins, as well as electronic payment systems such as Neteller, Skrill, and Perfect Money.
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The minimum withdrawal amount with Raceoption is $50.
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Raceoption provides instant crediting of funds to a personal or trading account. The maximum waiting time is 1 hour.
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Raceoption does not charge a commission for funding accounts or withdrawing funds. An exception is for the use of VISA cards, for which a commission of 5% of the transfer amount is charged.
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To make transactions and withdraw funds, a trader needs to verify his trading account.
Investment Options
Raceoption’s clients have the opportunity to make a profit, regardless of the methods of making transactions. The broker offers a service that helps beginners earn income without having any trading skills by copying transactions of professional traders.
Service for copying transactions
This service is intended for those users who want to make a profit, but not participate in the trading process. Any Raceoption client can use the service. The essence of the service is that it will automatically copy the transactions of a professional trader and thus the trader will more likely receive a financial profit.
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To get started, a trader needs to open a real trading account with the company, and then click on the “Copy trading” button on the trading platform.
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Users of the copying service can independently choose which trader’s transactions to repeat.
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With the help of the service of copying transactions, novice traders can learn how to trade binary options various assets by observing the work of a professional.
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If necessary, the client can change traders at any time.
The profitability of the trade copying service to the trader depends on the skills of the managing trader, whose trading style and trading strategy should meet the trader’s requirements. It is also necessary to periodically monitor the profitability or loss-making of a professional’s trading strategy to choose better options.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Raceoption’s affiliate program
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Referral Program. Raceoption’s clients can earn additional income for participating in the broker’s referral program. For each attracted client, the referrer receives 20% of the referral’s first deposit to his trading account. The trader can withdraw the bonus or use it for trading.
The purpose of the referral program is to receive passive income for promoting the broker on the internet. Each program participant receives an individual referral link. To receive the bonus, the attracted client (referral) must open a real account with Raceoption using the referral link.
Customer support
While in the process of opening an account or executing trading and non-trading transactions, a trader may face questions and difficulties. To solve them, the broker offers a support service that works around the clock, and clients can ask for help any day of the week.
Advantages
- Support service is available any day and time of the day
Disadvantages
- No callback function
To solve the problem, a trader can use one of the following communication methods:
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call one of the numbers indicated in the Contact section;
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write a message to live chat (available only for registered users).
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Contact the broker’s representatives via Instagram or Twitter.
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. |
| Official site | https://raceoption.com/ |
| Contacts |
+18299476393, +442080685335, 3-395-0396, 081-855-7055, +7-499-7033774
|
Education
The Raceoption website has a section called “Training Center”. It contains only basic information about trading on the binary options market and Forex.
Traders have the opportunity to practice trading on a risk-free demo account. To open it, you need to contact the support service after registering.
Comparison of Raceoption with other Brokers
| Raceoption | Pocket Option | Binarium | Binary.com | Intrade Bar | Centobot | |
| Trading platform |
Raceoption (Mobile), WebTrader | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Mobile MT4, WebTrader | RaceOption, Binarycent, Videforex |
| Min deposit | $10 | $5 | $5 | $5 | $10 | $500 |
| Trading instruments |
Stocks, Commodities, Crypto, Options, currency pairs / CFD, Currencies | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currency pairs | Binary options (fiat currencies and cryptocurrencies) |
| Signals | Yes | No | No | No | Yes | No |
| Analytical support |
Yes | No | No | Yes | Yes | No |
| Training | Yes | No | No | Yes | Yes | No |
| Additional tools |
Copy Trading tool | Copy Trading tool | No | premature closing | No | No |
Detailed Review of Raceoption
Raceoption provides financial services at an international level and is ready to cooperate with traders from different countries. The target audience of the broker is users who are novices and experienced traders, as well as clients who want to receive passive income. The broker’s clients can choose one of four types of real accounts, as well as use a demo account to test their trading skills. The company offers such features as Rollover (extends the transaction time), Double up (doubles the transaction), Sell (allows to sell the transaction before the expiration time), Risk free trades (non-risk transactions when the loss is covered by the new balance). In addition, the company offers Live trades function that differs from Copy trading by allowing one to copy all users who are currently trading.
The Raceoption broker by the numbers:
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The company has 4 types of real accounts.
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Account maintenance and financial transactions commission is $0.
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The maximum time for withdrawals is 60 minutes.
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The welcome bonus ranges from 20% to 200% of the first deposit amount.
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Traders have a choice of 4 base account currencies: €, $, £, or RUB.
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The broker’s support service is active 24/7.
Raceoption is a broker for Forex asset, passive income, and binary options trading
The main instruments that Raceoption clients can use are currency pairs, cryptocurrencies, stocks, metals, commodities, and indices. In addition to trading with standard instruments, the broker offers the opportunity to receive income for trading binary options. In addition, traders have access to various ways to generate passive income, including participation in a referral program and service for copying transactions. The first method involves distributing a referral link on the internet and attracting new customers to the company. In this way, the trader will receive 20% of the first deposit of the attracted clients. The second method allows you to copy transactions of successful traders automatically and get passive income without actively trading. The only thing that is required of the user is to monitor the effectiveness of the chosen professional’s trading strategy.
To trade with Raceoption, users do not need to install special programs on their computer or laptop. Trading is carried out in the personal account through the broker’s proprietary web platform. Also, clients can install a mobile application and trade from a smartphone where the only condition for trading is the availability of an internet connection.
Raceoption’s useful services:
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FAQs. This section contains answers to the questions most frequently asked by traders before opening a trading account with Raceoption.
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Platform Features. Here traders can get acquainted with basic information about trading through the broker’s proprietary terminal, its main functions, as well as get information about the mobile application.
Advantages:
Raceoption provides conditions for self-trading, as well as for generating passive income.
The broker’s clients get access to trading instruments of various categories.
Registration with the broker’s website takes only a few minutes.
The broker regularly holds contests for its clients, as well as prize draws.
Traders can carry out trade transactions both from a personal computer and from a mobile device.
Raceoption offers various ways to deposit and withdraw funds.
The broker’s clients get the same access to trading instruments regardless of which account type they choose.
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