RaceOption is a state-of-the-art broker that sets itself apart from the competition with a state-of-the-art online trading platform. This site also offers up to 90% payouts and 100% deposit bonuses. In other words, RaceOption is definitely a broker to consider, for both beginner and experienced traders.
With a fully online trading platform, everyday investors are finally freed from endless downloads and updates. The RaceOption platform is also mobile-friendly, allowing users to trade anywhere, anytime
RaceOption – Review
Major Events:
- Minimum Deposit : 250$
- Payout: Up to 90%
- Demo account : Yes, but as a feature of the premium account
- Regulations : No
- Bonus : BonusDeposit up to 100%
Trading Account
RaceOption’s modern trading platform is undoubtedly one of the best features of the brand. Contrary to many competitors, RaceOption’s trading platform does not require downloading any software.
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 and open the trading interface
- Choose between CFD / FOREX and Binary Options trading
- Select the type of instrument you want to trade (Currencies, Commodities, Cryptocurrencies and Stocks)
- Click on one of the indicators presented in the list
- Then you only have to choose an option type (Turbo, Intraday, Long Term), expiry time and amount.
- Click Call (to call Up) or Put (to put down) and wait for the results!
Exchanges
The overall design of the RaceOption platform is modern and easy to use. It includes a list of indicators on the left, a central interactive chart and a trading tab on the right.
Snapshot of RaceOption trading platform:
In the top left corner of the trading window you will be able to choose between CFD/FOREX and binary options trading. Many traders will love being able to switch from one to the other with a single click as most brokers don’t accept both.
By browsing through the asset selection window, you will be able to choose from a wide variety of securities including: commodities, stocks, cryptocurrencies and most importantly currencies in general. The index selected in the snapshot included in the article is the famous EUR/USD rate.
The central chart is interactive and displays real-time financial data. It can be easily switched from tick chart to candlestick and vice versa. Thanks to the inclusion of smart instructions, traders can analyze data quickly, with minute-to-minute accuracy. The central chart also shows the real time rate of traders trading a live call or a put option on a game, there is no better way to get a feel for the markets.
The trading tabs on the right are clear and intuitive. It is very easy to set all the parameters of binary options before trading.
The efficiency of the trading platform is not limited to placing trades. Since research is a major component of binary options trading, the site also provides users with technical and economic analysis, available on the trading platform’s toolbar. By analyzing the general trend, traders manage to better predict future results and make more profits
Property and type of trade
RaceOption offers a wide range of options and assets. It offers all typical binary options types including Turbo, Intraday and Long Term. The main difference between binary options types is the expiration time.
Turbo options expire in minutes, Intraday options expire within days, and long-term options can have a much longer shelf life.
CFD/FOREX professionals will also love being able to trade these instruments, at the touch of a button. With CFDs, you simply choose an amount and place an order
Types of Accounts
RaceOption recommends three different account types:
- Bronze: with a minimum deposit of £250 you will get 20% deposit match bonus along with 24/7 live video chat, copy trading tools and demo account.
- Silver: with a minimum deposit of £1000 you will be eligible for a 50% deposit matching bonus, a personal account manager and even an investment master class.
- Gold: with a minimum deposit of £3000 you will be able to get a 100% deposit match bonus along with built-in technical analysis.
Going for a gold account can seem like an expensive investment. However, with a 100% bonus and all the necessary tools to succeed as a trader, it is definitely worth it! For more conservative players, Bronze and Silver accounts would be a very good choice.
Note: the innovative copy trading tool offered with all three account types allows users to follow successful traders in their decisions.
Bonuses and promotions
RaceOption welcome bonus ranges from 20% to 100% depending on the size of the initial deposit. These bonuses are also linked to the account types described above.
As shown on the RaceOption website, these bonuses are subject to conditions of use. For instance, investors who benefit from these generous bonuses must achieve a turnover of 300% of the deposit before it can be withdrawn. Traders must ensure the terms suit their trading style and discourage them from over-trading.
RaceOption also holds weekly trading contests with prizes up to 20000$.
Deposits and Withdrawals
Deposits
RaceOption accepts deposits made via credit cards (Visa, MasterCard and Maestro), Bitcoin and Litecoin, Altcoins, Neteller and Skrill. Deposits are usually available instantly. The minimum deposit amount is £250. This may seem like a lot, but granting access to a Bronze trader’s account involves a number of advantages such as: 24/7 live video chat, demo account and copy trading tools!
Withdraw money
RaceOption offers several withdrawal options including:
- Credit cards: Visa, MasterCard
- Qiwi Wallet
- Skrill
- OkPay
- Perfect Money
- Neteller
Out of all these methods, the use of Bitcoin is highly recommended by the RaceOption team. Bitcoin withdrawals are very fast and do not incur any commissions.
The minimum withdrawal amount is 50$. Withdrawals are usually processed in less than an hour. However, RaceOption will first have to verify your identity. This is done to ensure a reliable trading environment.
For accounts that have not received any bonuses, users can withdraw as soon as 100% turnover of the deposit is reached. In other words, traders will only be able to withdraw their profits after trading their entire deposit.
Investors who have benefited from RaceOption’s generous bonus policy will be able to withdraw their funds after reaching a turnover of 300% of the deposit. The conditions of the RaceOption bonus can be read on its website.
With a completely modern online trading platform and generous bonus policy, RaceOption is definitely a broker worth considering!
RaceOption data
- Payout: Up to 90%
- Minimum transaction: 1 dollar
- Minimum deposit: £250
- Bonus: deposit bonus up to 100%
- Yes Forex: Yes
- Demo available: Yes, but as a feature of premium accounts
- There is a mobile app: Very good mobile site