Raceoption Review

Overview

Finrally is one of the young binary options brokers who works on behalf of the financial company FGC (Finance Group Corp.) licensed to carry out such activities.

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Details

Broker Raceoption
Website URL www.raceoption.com
Founded 2014
Minimum 1st Deposit $250
Minimum Trade Amount $10
Maximum Trade Amount $1500
Payout Up to 90%
Free Demo Account Open Demo
Account Types Demo, Bronze, Silver, Gold
Deposit Methods VISA, MasterCard, UnionPay, Alipay, Amex, JCB, Wire Transfer, WEBMONEY, QIWI WALLET, OKPAY, Bitcoin, PERFECT MONEY, NETELLER, PayPal
Withdrawal Methods VISA, MasterCard, UnionPay, Alipay, Amex, JCB, Wire Transfer, WEBMONEY, QIWI WALLET, OKPAY, Bitcoin, PERFECT MONEY, NETELLER, PayPal
Trading Methods Turbo Trading, Classic Options, One Touch, Option Builder
Option Types 60sec, 3 minutes, 5 minutes, 5 minutes, to 1 month
Account Currency USD, GBP, EUR,
US Traders Allowed No
Overall Score 8.1/10

Full Review

Raceoption is one of the young binary options brokers who works on behalf of the financial company FGC (Finance Group Corp.) licensed to carry out such activities. Since 2014, the broker has been successfully reaching its audience of traders. In many ways, the reason for its success is in unique services and advanced features that must not escape our attention.

The company offers trading at one of the advanced trading platforms. And yet, Raceoption is a scam or a decent broker for the European trader? This question is answered in today’s detailed review. The first thing you should pay attention to is the platform — simple and convenient, which has the functionality necessary for comfortable work. There are no extra buttons and actions, and the fast operation of the system allows you to trade much more efficiently.

Having started its history with the successful conquest of Asia and Australia financial markets, today Raceoption is known all over the world, offers one of the best trading services and a thoughtful policy of working with the client (bonuses, contests, tutorials, copying transactions of successful traders, opportunities for deposit and withdrawal, a wide list of assets). For security, you can start with a free demo account.

It is worth paying attention to the fact that the company follows modern trends, the website is available in several languages, including English, the web platform works stable in all popular browsers, has a mobile version that allows you to trade at any time.

All this testifies to the fact that the broker is trying not only to find its own unique market place, but also offers a truly thoughtful service for trading, which is not available to fly-by-nighter. In case of any questions you can contact 24/7 support service in any convenient way (by using live chat, e-mail or phone). Not all brokers have such coverage as Raceoption, working anywhere in the world, having a permission to this; not all trading leaders can make this kind of display.

It is also striking how dynamic and well-organized the work with market players is: it is almost the only broker that guarantees withdrawals in record time — within an hour. Trading on the platform is possible around the clock and even on weekends, which is also ready to offer not every broker leader.

 

Deposit & Withdrawal Methods

Since the broker works with traders around the world, it offers an expanded selection of deposit and withdrawal methods: VISA, VISA DEBIT, VISA ELECTRON, MasterCard, Bitcoin, Maestro, Perfect Money, Bank wire transfers, QIWI, Webmoney, Neteller and Skrill. This number of payment systems allows the company to make a guaranteed withdrawal within an hour.

To withdraw the money, you should pass a quick registration at the broker as well as verification procedure. The necessity for mandatory verification procedure characterizes the company in a positive way. After the funds are transferred to the deposit, they are immediately displayed on the account, allowing you to begin trading at once. Trading is possible with different currencies, you can choose from: USD, RUB, EUR, and GBP.

 

Complaints against Raceoption

Despite the fact that the broker is relatively young, there are no online reviews from European traders; it is alarming. In addition, all the information on the trading terms of the broker is presented at website in English, and limits the possibilities of the English-speaking audience as well as reduces the level of confidence.

There is no information about the license, which also affects the brand negatively, because the majority of serious traders work only with licensed brokers, which allows, in case of problems, to get the necessary help from the regulator. If the company still aims to reach a large audience of European traders, it should seriously think about the quality of website materials as a reliable brand identity.

If we find complaints about Raceoption, we will post it on social media. Follow us to be well informed:

 

Raceoption: Is It a Scam?

Although Raceoption is one of the youngest brokers in the binary options market, it does not currently have online reviews. The absence of a license and full-fledged English version of website prevents the formation of full trust to the platform.

If desired, the broker can adequately show their capabilities to the European audience, preparing the necessary material. It is worth noting the fact that the company offers opportunities for training, bonuses and contests for its customers; some of the services are really unique (a convenient trading terminal, the ability to withdraw funds within an hour, round the clock trading), which characterizes it as a seriously tuned broker, but not a fly-by-nighter company.

Is it worth considering Raceoption a scam? At this stage of the company’s development, we suggest it is too early to draw such conclusions. And yet, deciding to work with a broker, you can protect yourself by studying the rules of work which are now provided in English, as well as by correctly structuring your work with your Personal Manager and passing a full verification in the system.

 

Broker’s Regulator

Official website does not provide the information about the regulation of the broker. However, in the materials of website, the section «User agreement» states that the company works on behalf of the financial company FGC(Finance Group Corp.), which has a license to carry out such activities. At the same time, there is no license number on the website or in the network, which reduces the confidence level.

 

Raceoption Bonuses

Bonuses are available to every broker’s trader:

1) Accrual to the account. The amount of such bonus can reach up to 100% (depending on the deposit funds). This is the money that is available on the trading account; it can be traded. Conditions of work with bonus should be surely discussed with the Personal Manager.

2) First 3 risk-free transactions (for «Silver» and «Gold» account holders). The bonus makes it possible, if the amount of the first three transactions is negative, to compensate for losses in the form of bonuses for and on behalf of the broker. To use the bonus, you should contact the Account Manager, who will inform you about the bonus amount and your opportunities.

 

Conclusion

Trading binary options broker Raceoption is quite a young company, has been gathering momentum and has all the chances to get high ratings among the trading professionals. Already now the company provides unique services to its users, which indicate that the company is on the right path of development. The unique functions of the terminal, thoughtful bonuses, the possibility of training — all this positively characterizes the broker, indicating a successful start and a correctly chosen path of development.

Aside from that, at the moment, it is unclear the company’s relationship with another more famous broker – Finpari, from the official website of which the user automatically goes to the resource of Raceoption. Most likely, it is a change of brand, but there has not been any official statement from the broker.

And yet, it is now difficult to the trader to work and trust the service that does not have full information about the rules and its license. All this should be provided on the official website of the broker, if he plans to work seriously in Europe. It remains only to hope that the broker directly correct the situation by keeping the pace of its successful start.

It is fair to note that Raceoption has not yet shown itself in full measure. Respectively, it’s too early to evaluate it as a reliable or fraudulent company. However, the reviews of traders we are waiting for this review can not only affect the broker’s ratings, but also warn about possible problems.

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