RaceOption is a modern broker that differentiates itself from its competitors with a modern 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, both for beginners and experienced traders.
With a complete online trading platform, everyday investors are finally freed from endless downloads and updates. The RaceOption platform is also mobile-friendly, allowing users to trade at any time and place.
RaceOption – review
Key facts:
- Min deposit : 250 $
- Payout : Up to 90%
- Demo account : Yes, but as a feature of a paid account
- Regulated : No
- Bonus : Up to 100% deposit bonus
Trade account
RaceOption’s modern trading platform is definitely one of the best features of the brand. Unlike many of its competitors, RaceOption’s trading platform does not require software downloads.
There is nothing simpler than trading binary options on the RaceOption online interface:
- Create an account on the RaceOption website
- Go to the trading tab and open the trading level
- Choose between trading in CFD / FOREX and Binary Options
- Select the type of instrument you want to trade (currencies, commodities, cryptos and stocks)
- Click on one of the indicators presented in the list
- You then only need to choose an option type (Turbo, Intraday, Long-term), an expiration time and an amount.
- Click on Call (for “up”) or Put (for “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 chart and a trading tab on the right.
Screenshot of the RaceOption trading platform:
In the upper left corner of the trading window you can choose between CFD / FOREX and binary options trading. Many traders will enjoy switching from one to the other with one click, as the majority of brokers do not accept both.
By looking at the asset selection window, you can choose from a wide variety of securities, including: commodities, stocks, cryptos, and most importantly, currencies in general. The indicator selected on the snapshot in the article is the famous EUR / USD exchange rate.
The central chart is interactive and shows real-time financial data. It can be easily switched from tick to candles and vice versa. Thanks to the inclusion of smart guides, traders can analyze data quickly, with little precision. The central chart also shows the real-time ratio of traders trading a “call” or a “put” option, no 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 a binary option before trading.
The effectiveness of the trading platform is not only limited to trades. As research is a key component in binary options trading, the site also provides users with economic and technical analyses, which are available on the trading platform toolbar. By analyzing general trends, traders manage to better predict future outcomes and make more profits.
Assets and trade types
RaceOption offers a diversified range of options and assets. It offers all the typical types of binary options, including Turbo, Intraday and Long Term. The main difference between these types of binary options is the expiration time.
Turbo options expire in a few minutes, Intraday options expire within the day, and long-term options can have much longer expiration periods.
CFD / FOREX experts will also enjoy trading these instruments with just the click of a button. With CFDs, you simply select an amount and place the order.
Account Types
RaceOption proposes three different types of accounts:
- Bronze: With a minimum deposit of £250, you receive a 20% deposit bonus, along with 24/7 live video chat, a copy market and a demo account.
- Silver: with a minimum deposit of £1000, you are eligible for a 50% match bonus, an individual account manager and even an investment masterclass.
- Gold: With a minimum deposit of £3000, you can receive a 100% deposit bonus along with an integrated technical analysis feature.
Going to a gold account may seem like an expensive investment. Still, with a 100% bonus and all the tools needed to succeed as a trader, it’s definitely worth it! For more conservative players, the bronze and silver account will be a very decent alternative.
Note: the innovative copy trading tool provided with all three account types allows users to follow successful traders in their decisions.
Bonuses and promotions
The welcome bonuses of RaceOption vary between 20% and 100%, depending on the size of the initial deposit. These bonuses are also associated with the account types described above.
As indicated on the RaceOption website, these bonuses are subject to the terms of use. For example, investors who took advantage of these generous bonuses must have a turnover of 300% of the deposit before they can withdraw money. Traders should make sure that the terms suit their trading style and do not encourage them to over trade.
RaceOption also organizes weekly trading contests with prizes that can reach up to 20000$.
Deposit and withdrawal
Deposit
RaceOption accepts deposits made via credit card (Visa, MasterCard and Maestro), Bitcoin and Litecoin, Altcoins, Neteller and Skrill. The money deposited is usually available immediately. The minimum deposit amount is £250. It may seem like a lot, but it gives access to a Bronze trader account, which comes with several benefits, such as: a 24/7 live video chat, a demo account and a copy market!
Withdrawal
RaceOption offers several withdrawal options including:
Credit cards: Visa, MasterCard
Qiwi Wallet
Skrill
OkPay
Perfect Money
Neteller
Out of all these methods, the use of Bitcoins is highly recommended by the RaceOption team. Bitcoin withdrawals are very fast and are not subject to any commission.
The minimum withdrawal amount is 50$. Withdrawals are usually processed in less than an hour. However, RaceOption will need to verify your identification first. This is done to ensure a reliable trading environment.
For accounts that have not received any bonus, users can withdraw funds once they have reached a 100% turnover of the deposit. In other words, traders will be able to withdraw their profits only after trading the total deposits.
Investors who have benefited from the generous bonus policy of RaceOption will be able to withdraw funds after reaching a turnover of 300% of the deposit. The conditions of the RaceOption bonuses can be read on the website.
With a modern, fully online trading platform and a generous bonus policy, RaceOption is definitely a broker worth considering!
Data about RaceOption
- Payout: Up to 90%
- Min trade: 1 $
- Minimum deposit: £250
- Bonus: up to 100% deposit bonus
- Have Forex: Yes
- Demo has: Yes, but as a function of a paid account
- Has mobile app: very good mobile site