Raceoption is the newest broker registered and based in Seychelles. This company is Race Project Ltd. It is operated by (Registration No 114612) and has its registered office at Premier Victoria Street 306 Building in Maye, Seychelles, acting on behalf of the FGC, acting on behalf of the FGC. This broker is not CySEC or FCA regulated.
Important Facts:
Minimum deposit $250
Payout: 85%
Demo: Yes
Regulations: Seychelles
Bonus: 100% Matching Deposit Bonus for the first deposit
Exchange
The platform feels familiar. Nothing sets you apart from your competitors. However, it supports simple forex and CFDs in a way that is suitable for beginners as well as experienced traders as well as binary options trading.
Binary options are of three types: Turbo, short term and long term. The Turbo option is where you’ll find the ultra-short 30, 60, and 120 second ranges. Short-term or daily is the expiration date of the trading session and long-term is the expiration date of tomorrow, next week, next week, end of month, etc.
Demo account
The demo account is only available after the submission is complete. This is a number which means that a trader cannot “try before you buy”. We hope this brand will be able to send demo accounts in the future without deposit.
Cryptocurrency Pairs
Property listings are extensive, but like many people with similar listings, there are a few things you can actually see. They hold assets in all four categories, including forex, commodities, stocks, and indices. The CFD section of the platform wants a wider range of cryptocurrency trading, but the forex listing also includes a simple crypto pair.
The platform is very simple to use and will have no trouble fooling traders with its wide range of trades and extras. There is a list of assets on the left, the chart/trading screen in the middle and an order area on the right. Simply call or place a call, enter the transaction amount, select Expiry and press Enter. So easy.
There are a number of additional tools for traders, including rollover and sale of existing features. This allows traders to add time to existing or sold-out trades (for additional costs) for profit or loss calculations. The only downside is how simple the platform is. This chart is not what I would call advanced and does not provide the tools and indicators that serious traders need. Of course, most binary traders don’t matter because they use other charting software like MT4.
Deposits and withdrawals
Deposits are easy and can be made via credit card, bank transfer, e-wallet, or cryptocurrency. The site supports payment of BTC, ETH, LTC and other popular traded tokens. Deposits can be made almost instantly, except in the case of wires, which can take up to a week to process.
The minimum withdrawal is $50 and there are no fees. Requests are processed within 1 hour and paid as soon as each method allows. Ewallets (Skrill, Neteller, etc) and cryptocurrencies are the fastest ways and can be returned to your account on the same day.
Key revenue conditions
The downside here is that there is a turnover requirement for the account with or without the bonus. The account that does not receive the bonus must trade with 100% of the deposit before withdrawing and the account with the bonus must reach 300% of the deposit in order to withdraw and profit.
