RaceOption is an online broker that specializes mainly in trading binary options, foreign exchange, and CFDs. It operates on a platform that has been built upon tests and trials that have made it to what it is today. The RaceOption trading platform is a somewhat altered version of the SpotOption trading platform and has amassed a ton of traders who participate in the market. In recent times, the RaceOption customer reviews have given its opinion that it’s an adequate trading platform. However, in our RaceOption review, we will look into its services, pros, and cons, as well as what it has in store on its RaceOption official site.
As mentioned above and according to the RaceOption site, the RaceOption broker provides services to trade in binary options, CFDs, and foreign exchange. With more than a hundred types of financial instruments to choose from, which includes assets from major Forex pairs, stocks, commodities, as well as various indices.
RaceOption also provides traders with different account types depending on their budget and overall trading expectations. These are divided into three main accounts. The lowest-costing Bronze account requires a minimum deposit of $250, the Silver account jumping up to a minimum of $1,000, and the Gold account with all its features unlocked for $3,000.
RaceOption also features the usual deposit and sign-up bonuses for newcomers and can vary depending on the type of account they had opened and can be offered between 20% to an impressive 100% bonus. RaceOption also has this new offer; it calls a risk-free trade where trading credits would be given to an account if the holder happens to make a loss in a trade. The limit for risk-free trade is 3 trades.
Additionally, on the RaceOption login page, traders who have signed up can also sign up for a RaceOption demo account that they can use in order to get a feel on how its trading platform handles.
Is RaceOption a scam?
As of yet, there hasn’t been any strong evidence suggesting a RaceOption scam. Though it can be a bit believable for many to think of it as a “RaceOption fraud,” “RaceOption cheat,” or a “RaceOption lie” due to the fact that clients to RaceOption aren’t protected by a major regulatory body such as CySEC or the FCA, many can still agree that RaceOption is still a reliable broker.
This can be in line with the fact that the group (Finance Group Corp) it is under has had a lot of experience providing quality services to its clients, and many can take its word for it because of reputation alone.
RaceOption Pros and Cons
As we’ve mentioned before, RaceOption has had a lot of experience standing in the binary options market, and trading with RaceOption can be trusted to a certain extent that one can give to a fairly reliable company.
As for cons, one of the biggest drawbacks for RaceOption is that any major organization does not officially regulate it. While many say that RaceOption can be a very reliable broker, it would be better if it was under a regulatory body to better secure the interest of its clients.