RaceOption Review – Is it scam? Honest Opinion 2022

What you need to know about RaceOption

The review you found is very long and we know that not everyone will want to read it. Therefore, all the most important information about the RaceOption broker can be found below. To open a demo account, use the green button below. And if you are interested in more details, read the full review or use the table of contents above. We have made every effort to ensure that the review is completely objective and as informative as possible. Thank you for your trust.

• RaceOption was founded in 2018 by Makerun Corp.
• This binary options broker is not regulated by goverment
• The minimum deposit at RaceOption is $250
• Returns are among the highest in the industry, reaching up to 90%.
• Deposits and withdrawals take place within 1 hour
• RaceOption has Copy Trading feature which allows you to copy succesful traders.

If you decide to open account using links on our website – you’ll receive 50% deposit bonus!

A few words about RaceOption

In this article, I will tell you about one of the most recognizable brokers in the world. RaceOption is dedicated to traders who primarily want to execute orders quickly. The broker has an easy-to-use trading platform that includes features such as Copy Trading and a wide range of bonuses. It is worth noting that the broker is unregulated. Regulation in the countries where it offers its services is not required. Of course, it would be better if the broker had any kind of license to give guarantees to its clients. Below you will find the most important information about this broker:

💻 Trading platform:	Broker’s proprietary web platform, Raceoption mobile platform
📊 Accounts:	Bronze, Silver, Gold
💰 Account currency:	€, $, £, or RUB
💵 Replenishment/Withdrawal:	Bank cards, Visa and MasterCard, Bitcoin, Ethereum, Litecoin, Altcoins, electronic payment systems, Neteller, Skrill, and Perfect Money
🚀 Minimum deposit:	$250 / €250
⚖️ Leverage:	1:500
💼 PAMM-accounts:	No
📈️ Min Order:	No information
💱 Spread:	From 0.01
🔧 Instruments:	Stocks, currency pairs, commodities, metals, indices, cryptocurrencies, and options
🏛 Liquidity provider:	No information
📱 Mobile trading:	Yes
➕ Affiliate program:	Yes
📋 Orders execution:	Market execution
⭐ Trading features:	Binary options are available
🎁 Contests and bonuses:	Yes

RaceOption’s Bonuses

The lack of regulations means that there are no restrictions on the offer. RaceOption has a wide range of bonuses, depending on the type of account you have. The more money you deposit, the better investment conditions you will get. The minimum bonus is 20% and the biggest bonus is 100%. It is worth emphasizing that RaceOption has a very high deposit limit. This means you can deposit up to $ 50,000 and receive a 100% bonus. The bonus, of course, requires an appropriate turnover, which is, as in the case of other brokers, x100.

If you deposit a minimum of $ 1000, you will receive 3 free transactions with no risk. Thanks to this, you can test the platform on real money and, with a bit of luck, earn without taking any risks. If you have the appropriate capital, I recommend using the Sliver account type. Remember that if you want to activate 3 transactions without risk, you must contact the manager.

• Bronze – On this account, traders have access to round-the-clock video chat support, a service for copying transactions, and opening a demo account. Withdrawals are made within 1 hour. The first deposit bonus is 20%.
• Silver – The owners of this account have access to round-the-clock support, a copy service, a demo account, as well as three risk-free transactions, and a master class. You can withdraw funds from your account within an hour, and the bonus to the first deposit will be 50%.
• Gold – Clients who have opened such an account have access to round-the-clock support, a service for copying transactions, a demo account, a master class, and and 3 transactions without risk. The trader also gets a personal manager. It will take up to 1 hour to withdraw funds, the bonus to the first deposit will be 100% of the amount deposited into the account.

RaceOption Trading Platform

I must admit that the RaceOption broker platform is not one of my favorites. The broker does not have much configuration options, nor does it have too many tools and indicators. The advantage is the fast operation of the platform and the instant execution of orders. The platform is primarily functional. If you do not need many indicators for your trading, RaceOption will be sufficient for you.

On the left side of the platform there is an asset selector that allows you to choose the instrument you are interested in. You can choose from:

• Currencies
• Commodities
• Crypto
• Stocks

Returns on investment are up to 90%, but only in the afternoon. In the mornings and evenings, returns are in the range of 75-85%. Remember that the higher the returns, the smaller the broker’s advantage. Do not invest in assets that have very low investment returns because the chance of making money in the long term is very small.

On the right side of the platform there is an order configurator that allows you to select an option type. I am very happy that the broker gives you a wide choice for how long you want to open a position. You can choose from:

• Turbo – these are transactions that expire in a few minutes
• Intraday – these are transactions lasting several hours that expire in one day.
• Long Term – these are transactions that expire in a month.

There are two buttons on the top bar that allow you to start copy trading or take part in a competition organized by RaceOption. After clicking on the “Copy Trading” button, you will see a list of the TOP 10 best traders on the platform along with their return on investment so far. You can enable copying of plays with one button.

Various competitions are organized on a regular basis. Currently, a competition is available on the platform, which consists in opening as many positions as possible for a minimum of $ 10. As you can see the rules are very simple.

Deposit & Withdrawal

Once you feel the platform has convinced you enough to make your first deposit, you have several payment methods to choose from. Most of them are completely free, but some have a commission of 5%. The full list of deposit methods is below:

• Visa / Mastercard (5% Fee)
• Bitcoin (5% Bonus)
• Altcoins
• Stablecoins
• Tether

Crypto transactions are handled by Coinbase. The broker has made available a video explaining how to quickly and safely carry out the transaction. If you want to make a minimum deposit, use the credit card as soon as possible. However, if you plan to deposit a lot, use cryptocurrencies because it is the cheapest solution.

Account Verification

RaceOption, like any other broker, requires account verification prior to making a withdrawal. This is necessary for anti-money laundering security procedures. The idea is that a person who earns money from illegal sources cannot legalize that money as a profit from binary options. To verify your account, you will need to send a document confirming your identity and place of residence. Below are examples of documents you will need:

To verify your identity, please send one of the following documents:

• ID Card
• Driving License
• Passport

To verify your adress, please send one of the following documents:

• Bank Statement
• Utility Bill
• Bank Pament Confirmation

Summary on RaceOption

RaceOption is a very interesting alternative to all these modern platforms, with loads of features and tools to analyze charts. Some people like this design. I really like the fast execution of orders and the rich transaction terminal. I believe that a minimum deposit of $250 is way too much. Competitive brokers offer minimum deposit as low as $ 10.

The big advantage is the handling of bonuses even with large amounts. You can deposit $ 50,000 and get as much as a bonus. Usually, brokers limit this amount to $ 10,000. If you like the broker, you can open a demo account using the link below.