RaceOption Forex Broker Review
One of the most important decisions a trader can make is to choose the right trading brokerage to deal with. Today, the internet is flooded with online trading brokerages and it can be an overwhelming task knowing which one to go with. This is especially true because there are many scam and fraudulent brokers out there that should not be trusted with your money. However, there are also numerous reputable online trading brokers to choose from. The problem is, how do you know which ones reputable and which ones are right for you? Here at forexbonuses.org, we make choosing the right forex broker easy by providing in-depth reviews and analyzing all aspects of a broker. So, check out our RaceOption trading brokerage review and see if they can be trusted and if they’re right for you.
RaceOption Overview and Specifications to Consider
RaceOption is an international online trading brokerage providing their clients the opportunity to trade Forex, Binary Options and CFDs across a wide array of financial assets. RaceOption is owned and operated by Race Projects Ltd. who is one of the numerous trading brokerage companies owned by Finance Group Corp. RaceOption was established in 2014 and have their headquarters based out of Seychelles at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles. The RaceOption trading brokerage claims to be regulated on their website but they do not stay who they are regulated with. Also, we could not find any proof that they are regulated by a reputable regulatory authority. While this raises some concerns, the RaceOption brokerage has been successfully operating since 2014, has yet to be shut down, and has received good feedback from the online trading industry and community. Therefore, we believe RaceOption can be trusted but customers should proceed with caution.
RaceOption is an international trading brokerage who accepts traders from all over the world and offers their services in English, Russian, Spanish, and French. The brokerage features a wide array of tradeable assets including 15 forex currency pairs, 9 commodities, 35 indices, and 80 international stocks. Traders can trade both binary options and CFDs on these available assets. The minimum initial deposit amount is $250, and traders can make this deposit with Visa, MasterCard, Visa Debit, Bitcoin, Ethereum, other Altcoins, Neteller, Skrill, Perfect Money, and Vload. Deposit times are nearly instant or up to 1 hour and withdrawals are about the same. The customer support provided by RaceOption is quick to respond, very helpful, and is available 24/7 via email and telephone. RaceOption’s primary goal is to provide their clients with a safe and secure trading environment, as well as to provide them with all the tools and resources needed to succeed.
RaceOption Bonus System and Types
RaceOption features a very attractive bonus system in which traders will not want to miss out on. They offer exclusive bonuses and promotions to new clients and they also reward existing clients with enticing bonuses to encourage more trading. The bonuses offered are not indefinite and are usually offered for a limited time before switching them up. See below, the current bonuses offers by RaceOption.
- The first welcome bonus traders receive is when they register for an account. After registering for an account which takes less then 1 minute, the trader will receive a gift. Currently, this gift for registering an account is 4 training video lessons.
- Traders who make an initial deposit of $250 – $999 will receive a welcome bonus of +20%.
- Traders who make an initial deposit of $1000 – $2999 will receive a welcome bonus of +50%.
- Traders who make an initial deposit of $3000 – $50,000 will receive a welcome bonus of +100%.
Contests & Tournaments
- Every week, traders can sign up and participate in contests or tournaments that issue rewards for the winners. RaceOption rewards 20 traders every week from a prize fund of $20,000.
- While a demo account isn’t necessarily a bonus, we have listed it here because it is a nice feature that isn’t always offered by trading brokerages. The demo account allows traders to practice using the RaceOption trading platform with virtual money. This allows them to get comfortable before depositing real money and collecting the welcome bonuses.
RaceOption Software Type Information
RaceOption provides their traders with a proprietary web-based trading platform that’s compatible across desktop computers and mobile devices via the web browser. The platform is very well designed and easy to use, making it a viable option for beginner traders. Also, the platform is still advanced enough for more experienced traders. It supports a variety of trade types and various advanced features. See below, the trade types and features the RaceOption trading platform provides.
- Instant order execution of trades
- Live and interactive charts
- High/Low Options
- 60 Second Options
- Ladder/Pair Options
- One Touch Options
- Long Term Options
Why choosing RaceOption Forex Broker?
The RaceOption online trading brokerage is a viable trading brokerage that features numerous benefits to their traders. For instance, see their primary advantages below.
- Guaranteed withdrawals processed within 1 hour.
- Non stop trading, even over weekends.
- Wide range of deposit and withdrawal methods.
- 100% secured trading with full data protection.
- Trade under experienced trader guidance if you meet the account requirements.
- 24/7 multilingual customer support.
- More than 10,000 daily processed transactions.
- High payouts of up to 95% and averaging around 70% – 90%.
We highly recommend trading with the RaceOption online trading brokerage as they are reliable, trusted, secure, and offer a diverse range of investment products, trade types, and bonuses. All in all, RaceOption is a lucrative trading broker with a high level of customer care and investment services.