RaceOption Review 2025

Pros

• RaceOption allows easy account funding with no-charge, quick deposits using bank cards and cryptocurrencies. It also promises to process withdrawals within an hour.
• Popular assets like EUR/USD have payouts up to 95%, which is higher than most alternatives. Also, the first three trades are risk-free with Silver and Gold accounts. This can potentially increase your returns.
• RaceOption is one of the few brokers that offer 24/7 video chat in several languages. However, based on our experience, their agents require more knowledge about trading rules and practices.

Cons

• The $250 minimum deposit may be higher for some traders, particularly when compared to Deriv and World Forex, which are suitable for those with a smaller budget.
• RaceOption is a high-risk broker that is not regulated. It does not offer compensation or legal options if you encounter problems with trading or withdrawing funds.
• RaceOption, lacking a demo account and an educational offer, may not be a suitable option for novice traders.

RaceOption is an offshore broker specializing in CFDs and binary options. It provides over 100 instruments, including forex, indices, commodities, and stocks. The trading platform offers significant leverage and various bonus incentives. Learn how to register for a live account and discover the features of their mobile app in our RaceOption.com review.

RaceOption Headlines

RaceOption, founded in 2017, operates under Makerun Corp in the Marshall Islands. Though unregulated, it is seen as a legitimate binary options brand. The platform receives positive reviews from users.

Getting started is simple, allowing traders to potentially earn up to 95% extra income quickly. Additionally, RaceOption provides a low-cost copy trading service for account holders.

Products

RaceOption excels in offering diverse trading options, with 100+ CFD and binary assets. Traders can access popular markets:

• Forex: Trade on 25+ currency pairs, including majors and minors.
• Shares: Engage with 50+ major global companies like IBM, BP, and Amazon.
• Indices: Speculate on major global indices like the S&P 500, DAX 30, and FTSE 100.
• Commodities: Explore soft commodities, energies, and precious metals like Coffee, Crude Oil, Gold, and Silver.

In 2023, RaceOption added numerous OTC assets, offering payouts up to 95%, minimum stakes of ¢0.01, and contract lengths starting at 5 seconds.

Platform

RaceOption’s trading platform is user-friendly and web-based, eliminating downloads. Its modern interface supports various strategies with easy access to binaries like Turbo Options.

Key platform features include:

• Drawing tools
• 60-second trading
• Full trading history
• Multiple timeframes
• 30+ technical indicators
• Chart scaling options
• Market movement and forecasting indicator
• Built-in copy trading tool

RaceOption upgrades its platform frequently. New features include OTC trading times (5, 15, 30 seconds) and trade size buttons ($5, $10, all-in). CFD traders can use Take Profit, Stop Loss, and IF options on spot.

However, it lacks a user guide and third-party solutions like MT4 or MT5.

How To Trade

Traders can quickly start with RaceOption, offering binary options and CFDs:

1. Choose an asset from the platform’s dropdown menu.
2. Analyze using real-time and historical charts.
3. Check market sentiment through displayed buyer and seller percentages.
4. Select expiry time and enter your trade amount.
5. Click ‘Up’ for price increase or ‘Down’ for a decrease.
6. Receive your payout as a percentage of the investment.

Fees

RaceOption offers variable spreads depending on market conditions, though details can be vague. Traders often find these spreads competitive with others. Trading unleveraged crypto CFDs incurs a 1-2.5% fee, while leveraged ones have a 5% commission. Opening and maintaining an account is free, but a $10 fee applies if no trades are made monthly. Overnight rollover charges apply, and clients are responsible for their taxes.

Leverage

RaceOption provides leveraged trading on CFDs, with leverage rates up to 1:30 for cryptocurrency. Other instruments can reach up to a 1:500 leverage ratio. Be cautious, as high leverage multiplies both profits and losses during trading.

Mobile App

RaceOption offers a free mobile app for both iOS and Android devices. Traders can download it from Google or Apple app stores. Log in on your mobile to access all the platform’s tools and features. You can check your trade history, view live charts, and execute trades quickly. The app also allows easy deposits, withdrawals, and access to a full range of binaries.

Deposits & Withdrawals

RaceOption is a platform where funding your trading account is hassle-free, with deposit options like credit cards, bank transfers, and e-wallets. The Bronze Account requires a minimum deposit of $250. Though depositing incurs no direct fees, third-party charges might apply.

RaceOption ensures instant funding once payment network confirmation is received, though some methods have their own minimums. The broker has optimized its funding page for user convenience.

For withdrawals, RaceOption promises fee-free processing and a speedy one-hour confirmation time. The minimum withdrawal is $50, with no maximum limit. Be aware of turnover requirements for accounts with bonuses:

• Bonus Applied – 300% turnover from the deposit is necessary before withdrawal
• No Bonus Applied – 100% turnover from the deposit is required for withdrawal

These terms are key to remember when trading with bonuses.

Demo Account

RaceOption provides a demo account on its unique platform. This helps traders test strategies without risk and get used to the platform. You can identify Demo or Real mode by checking the markers in the top right corner. Sadly, demo accounts require a minimum deposit, unlike Pocket Option, IQ Option, Videforex, Binarycent, and Nadex, which offer free ones. This limits flexibility and could be seen as a drawback.

Promotions

RaceOption provides bonus incentives that vary by account location. New accounts receive rewards, but promo funds must be used for trading. A 3x turnover applies within three months. Know the rules before signing up, or contact support within three days to opt-out. Past offers included a $250/£200 promo code for new accounts, weekly trading contests, and prize giveaways. Their referral program offers a 20% deposit payback based on new client deposits.

Regulation

RaceOption has both strengths and weaknesses. The broker lacks regulation from any recognized financial authority. It is run by Makerun Corp, based in the Marshall Islands. There are concerning warnings about its legitimacy. Some European bodies, like the French AMF and Portuguese CMVM, have flagged it for offering illegal services in their regions.

Unregulated brokers, including RaceOption, often don’t match the protection level of established agencies like the FCA or CySEC. You might miss out on negative balance protection and compensation schemes in case of insolvency. Also, binary options trading is banned in the UK and Australia.

Additional Features

RaceOption lacks educational content and tools, leaving beginners without trading guidance or full asset details. Tutorials or YouTube guides would be beneficial.

On a positive note, RaceOption now offers a copy trading platform. This lets you mirror the trades of top-performing traders automatically. You can choose different trading conditions like double-up or fixed-time investments. Withdrawals are available at any time, and manual orders are not needed.

Accounts

RaceOption offers three accounts: Bronze, Silver, and Gold. All accounts support binary options and CFDs in currencies like USD, EUR, and GBP.

The sign-up process is quick. Register online, upload identity documents like a passport, then start trading after approval. Switch between demo and live accounts easily.

Bronze Account

• Demo access
• 1-hour withdrawal
• 20% deposit bonus
• Copy trading tool
• 24/7 video chat support
• $250 minimum deposit

Silver Account

• Demo access
• 3 risk-free trades
• 1-hour withdrawal
• Web masterclass
• 50% deposit bonus
• Copy trading tool
• 24/7 video chat support
• $1000 minimum deposit

Gold Account

• Demo access
• 3 risk-free trades
• 1-hour withdrawal
• Web masterclass
• Personal success manager
• 100% deposit bonus
• Copy trading tool
• 24/7 video chat support
• $3000 minimum deposit

Risk-free trades are given as a bonus if results are negative.

The Rollover service stands out. Traders can extend positions 100% on the first try, then 30% with subsequent ones. Costs are $1 per rollover, with potential free options based on account level.

Trading Hours

RaceOption allows trading currencies, commodities, stocks, and indices 24/5 from Sunday to Friday. Always refer to Instrument Profiles for specific market hours. The platform operates in GMT time. Unfortunately, their website lacks a session timetable for public holidays, daily breaks, and market closures.

Customer Support

RaceOption excels in 24-hour customer service with international phone support, live chat, and an online form. The live chat, available across the site, supports over 20 languages. A self-help FAQ covers issues like demo account logins and deposit method troubles. However, the broker lacks regular updates on social media like Twitter. Notably, there is no email contact option.

Security

RaceOption is not officially regulated but prioritizes a safe trading environment. It encrypts transactions with SSL technology and provides features like 3D secure and segregated client funds. However, two-factor authentication is not available.

RaceOption Verdict

RaceOption excels in fast deposits and withdrawals, as well as multiple customer service channels. Their easy-access copy trading tool is also a highlight. While the product selection could be broader, they do offer a range of leveraged CFDs and binary options. Consider signing up to start trading today.

Alternatives To RaceOption

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