RaceOption is a cutting-edge broker that stands out from its competitors with its modern online trading platform. The website also offers payouts of up to 90% and a 100% deposit bonus. In other words, RaceOption is a broker to consider for both beginners and experienced traders.
With a complete online trading platform, daily investors will not be endlessly downloading and updating. The RaceOption platform is mobile friendly so you can trade anywhere, anytime.
RaceOption – Review
Important facts:
- Minimum deposit: 250 $
- Payout: up to 90%
- Demo account: Yes, features of paid account
- Regulations: No
- Bonuses: up to 100% deposit bonus
Trading account
RaceOption’s modern trading platform is definitely one of the brand’s best features. Unlike many of its competitors, RaceOption’s trading platform does not require any software downloads.
There is nothing simpler than trading binary options on the RaceOption online trading interface.
- Create an account on the RaceOption website
- Go to the trading tab to open the trading interface
- Choose between trading CFDs/Forex and binary options
- Choose the instrument type you wish to trade (currencies, commodities, cryptocurrencies and stocks)
- Click on one of the indicators displayed in the list
- Then you only need to select the option type (Turbo, Intraday, Long-term), expiration time and amount.
- Click Call (“up”) or Put (“down”) and wait for the result!
Trading platform
The general design of the RaceOption platform is modern and easy to use. It consists of a list of indicators on the left, a central interactive graph, and a trading tab on the right.
RaceOption trading platform snapshot:
At the top left of the trading window, you can choose between trading CFDs/Forex and Binary Options. Many traders can switch from one to the other with a single click, as most brokers do not accept both.
By navigating the asset selection window, you can choose from a variety of securities such as commodities, stocks, crypto and most importantly currencies. The indicator selected from the snapshot included in the article is the famous EUR/USD exchange rate.
The central graph is interactive and displays real-time financial data. You can easily switch from scale charts to candles and vice versa. A smart guide is included so traders can quickly analyze data with precision. The center graph also displays the real-time percentage of traders trading “call” or “put” options, which is not a better way to get a “feel” of the market.
The trading tab on the right is clear and intuitive. It is very easy to set all the parameters of binary options before trading.
Trading platform efficiency is not limited to placing trades. Research, a major component of binary options trading, this website provides users with economic and technical analysis available in the trading platform’s toolbar. By analyzing general trends, traders can better predict future outcomes and earn more.
Asset and Transaction Type
RaceOption offers a wide range of options and assets. We offer all common binary options types including Turbo, Intraday and Long Term. The main difference between these binary options types is the expiration time.
Turbo options expire in minutes, intra-day options expire within a day, and long-term options can have much longer expirations.
CFD / FOREX professionals can trade these instruments at the click of a button. With CFD, you just choose the amount and place your order.
Account type
RaceOption proposes three account types.
- Bronze: With a minimum deposit of £250 you will receive a 20% deposit matching bonus along with 24/7 live video chat, copy trading tools and a demo account.
- Silver: With a minimum deposit of £1000 you get a 50% Deposit Matching Bonus, Individual Account Manager and Investing Master Classes.
- Gold: With a minimum deposit of £3000, you are entitled to a 100% deposit matching bonus with integrated technical analysis.
Finding a gold account can seem like an expensive investment. But with a 100% bonus and all the tools you need to be successful as a trader, it’s definitely worth it! For more conservative players, Bronze and Silver accounts would be a very decent alternative.
Note: The innovative copy trading tools provided with all three account types can help determine successful traders.
Bonuses and Promotions
RaceOption’s welcome bonus ranges from 20% to 100% depending on the size of your initial deposit. This bonus also relates to the account types described above.
As indicated on the RaceOption website, this bonus is subject to conditions of use. For example, investors who benefit from these rich bonuses must achieve a turnover of 300% of the amount deposited before withdrawing their funds. Traders should make sure that the trading conditions suit their trading style and do not over-encourage trading.
RaceOption also organizes weekly trading contests with prizes reaching up to 20000$.
Deposits and withdrawals
Deposits
RaceOption accepts deposits via credit cards (Visa, MasterCard and Maestro), Bitcoin and Litecoin, Altcoins, Neteller and Skrill. Deposited funds are usually available immediately. The minimum deposit is 250 £. You can grant access to a Bronze Trader account in terms of several advantages such as 24/7 live video chat, demo account and copy trading tools.
Withdraw
RaceOption offers several withdrawal options including:
Credit Card: Visa, MasterCard
Qiwi Wallet
Skrill
OkPay
Perfect Money
Neteller
Out of all these methods, the RaceOption team highly recommends using Bitcoin. Bitcoin withdrawals are very fast and there are no fees.
The minimum withdrawal amount is 50 $. Withdrawals are usually processed within 1 hour. However, RaceOption requires you to verify your identity first. This is done to ensure a trustworthy trading environment.
For non-bonus accounts, users can withdraw their funds as soon as they reach 100% turnover of the deposited amount. In other words, traders can only withdraw their profits after trading the total amount of their deposit.
Investors benefiting from RaceOption’s generous bonus policy can withdraw their funds after reaching a turnover of 300% of the amount deposited. The terms and conditions of the RaceOption bonus can be found on the website.
With a complete and modern online trading platform and rich bonus policy, RaceOption is definitely a broker to consider!
Data on RaceOption
- Payout: up to 90%
- Minimum transaction: 1 $
- Minimum deposit: 250 £
- Bonus: up to 100% deposit bonus
- Has Forex: Yes
- Has demo: yes, but features of paid accounts
- Has a mobile app: A very good mobile website
