Raceoption is an online binary options trading platform that provides access to global financial markets. This Raceoption review will cover key details about the broker to help you determine if it’s the right platform for your trading needs.
What is Raceoption?
Raceoption is a binary options broker that offers a proprietary web-based trading platform compatible with desktop and mobile. You can trade various assets, including forex, crypto, stocks, commodities, and indices. Though it does not accept US traders, the broker serves customers globally in 150+ countries.
Popular Raceoption app features include:
- Fast withdrawals – processed in 1 hour
- Crypto trading on major coins
- Copy trading to mimic experienced traders
- 24/7 customer support via live chat, email and phone
- SSL encryption to protect accounts.
Raceoption offers several account tiers depending on your deposit amount:
- Bronze – Minimum deposit $250
- Silver – Minimum deposit $1,000
- Gold – Minimum deposit of $5,000
- VIP – Minimum deposit $50,000
Higher tiers get benefits like faster withdrawals, higher bonuses up to 100%, and a personal account manager. The minimum trade size is just $1, allowing you to execute small trades. No commission fees are charged on trades.
Trading on the platform
The Raceoption broker provides access to:
- Forex – Major and minor currency pairs
- Cryptocurrency – Primarily Bitcoin trading
- Stocks – US & international stocks
- Indices – Major global stock indices
- Commodities – Oil, gold, silver, coffee, sugar
While asset selection is limited compared to other brokers, Raceoption provides an easy-to-use platform for short-term CFD and binary options trading. Useful beginner features include demo accounts and copy trading to learn from expert traders.
The Pros and Cons of Raceoption
When weighing any trading platform, it’s important to look at both the positive aspects and potential drawbacks. Here is an overview of the key pros and cons to consider with Raceoption.
- Copy trading feature allows you to mimic experienced traders and learn from their strategies
- Withdrawal processing starts within 60 minutes for fast access to funds
- Diverse trading markets, including stocks, currencies, crypto, and commodities
- The platform works seamlessly on desktop and mobile
- Intuitive user interface
- A low $1 minimum trade size makes the platform accessible for small accounts
- No commission fees on executed trades
- Not available to US traders due to CFD regulations
Looking at the advantages and disadvantages helps provide a balanced view of what Raceoption offers compared to other brokers. Keep these pros and cons in mind as you evaluate if Raceoption is the right trading solution for investing.
Raceoption is Best For?
- Casual investors looking for a diverse asset selection
- Competitive investors looking for an all-in-one place to trade
- Anyone who wants to invest outside of the United States
For casual investors and short-term traders outside the US, Raceoption offers a legitimate binary options platform with quick withdrawals and responsive service. Test it via a demo account to see if the platform fits your needs. Limit use to speculative trading capital given the risks.
What customer service options does Raceoption provide?
Raceoption offers customer support via live chat, email, and phone. Support is available 24/7 to assist traders globally. You can access live chat directly through the Raceoption platform and expect quick responses from agents. Phone and email support is also responsive, with inquiries typically answered within an hour
Does Raceoption operate in the United States?
Unfortunately no. Due to regulations on trading certain assets like CFDs, Raceoption does not currently accept accounts from US traders.
Is Raceoption a legit and safe broker?
Yes, many Raceoption binary reviews on third-party sites like Trustpilot are positive, praising the responsive customer service and quick 1-hour withdrawal processing. With over 150,000+ daily trades, Raceoption is an established and trusted platform.