RACEOPTION REVIEW 2023: IS IT WORTH IT? 1.9/5Open accountRace Projects Ltd. Min. deposit $250 Website address https://raceoption.io/ Demo account Yes Currency AUDEURGBPRUBUSD Supported languages EngRus Active Yes Payment Methods Bitcoin PaymentsCredit CardDebit CardEthereum PaymentsMastercardNetellerPerfect MoneySkrillVisa Bonus 20% - 200% Deposit Bonus Instruments binary optionsCFDs Min. trade price ¢0.01 MetaTrader 4 No MetaTrader 5 No cTrader No OmniTrader No AlgoTrader No TradingView Yes Trading Central No Autochartist No eSignal No STP Account No ECN Account No DMA Account No MAM Account No PAMM Account No LAMM Account No Demat Account No Mobile Apps iOS & Android Margin Trading Yes Volatility Index No Spot Trading Yes Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor No P2P Trading No Negative Balance Protection No VPS Hosting No Tournaments Yes Demo Competitions No Managed Accounts No Market Maker No Auto Trading No Social Trading Yes Copy Trading Yes Trade Signals No Islamic Account No Guaranteed Stop Loss No Stock Exchanges DAX GER 40 IndexFTSE UK Index Commodities CoffeeGoldOilSilver Forex Trading Trade major and minor currency pairs with competitive leverage rates Forex GBPUSD Spread Floating Forex EURUSD Spread Floating Forex EURGBP Spread Floating Forex Assets 25+ Crypto Spread Floating Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Crypto Coins BTC Binary Options RaceOption offers binary options on popular financial markets with payouts up to 95%. The broker also runs regular trading contests. Expiry Times 5 seconds - 30 days Ladder Options Yes Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit250$Min. trade price1$Website addresshttps://raceoption.io/Profitability80%*Demo accountYesCurrencyAUDEURGBPRUBUSDSupported languagesEngRusActiveYes * The amount that will be credited to the account in the case of a successful deal Open accountGeneral Risk Warning: Your capital might be at riskTrustpilot Real Time Reviews The Trustpilot rating is 1.9, according to 52 reviews Saff gb The service is so fast, simple and help is available quickly. Perfect for new, uneducated users.View all Andry kz I had some issues with deposits but not with withdrawals. But support helped me. My transactions are sometimes rejected or frozen by the bank, so I don't think it's a racial error. Definitely 5 STARS!View all greg oise gb I have been trying to make a withdrawal for over a week now and they finally messaged me to take a 100% bonus instead of paying my money.. I regret putting my hard earned 1000$.. I don’t want any bonus just pay me what you owe me.View all John Lorens gb I have made a lot with referral program and regularly I get bonuses from the company so it is really enjoyable to trade with themView all Themakeroftaste us Amazing broker . I have my entire team on it . Funding the account super simple and easy . Overall great broker we will keep using it .View all Emmanuel Emmanuel ng Raceoption is actually a good broker a friend of mine who recommended it to me is doing well with trading and withdrawal but I don’t know why my account was blocked for an unknown reason please raceoption help me get my account back so I can pay for my dad’s medical bill thank youView all Load more Saqib Iqbal Author 12 min read Published: June 29, 2018 Updated: August 12, 2022 Views: 255Content WHAT IS RACEOPTION? WHAT ARE RACEOPTION’S TRADING ACCOUNTS? WHERE IS RACEOPTION LOCATED? HOW TO DEPOSIT/WITHDRAW FUNDS IN A RACEOPTION ACCOUNT HOW TO CONTACT RACEOPTION DOES RACEOPTION OFFER PROMO CODES? DOES RACEOPTION CHARGE TAX ON PROFITS? HOW DO I MAKE MONEY WITH RACEOPTION? FAQsRaceoption is a binary broker based in the Marshall Islands.On paper, the broker isn’t regulated.But is that enough to make a decision?How about I help you out and we answer some key questions together?Let’s begin with how Raceoption differs from the rest of the brokers.HOW DOES RACEOPTION STAND OUT?Clients around the world – the clients of Raceoption are global, with traders from Mexico to Sri Lanka.Bonuses and promotions – Raceoption gives its customers bonuses from time to time and offers different kinds of referral programs.Multiple products – Raceoption offers several products and services, including forex, crypto, stocks, indices, and CFDs.Readily available customer support – the customer service for Raceoption is available 24/7, so traders can contact the team whenever they want.Different trading accounts – Raceoption has different account types, so users can pick the one that fits their needs and trading requirements.Let’s now move ahead and find out what Raceoption is.WHAT IS RACEOPTION? At this point, I don’t think anyone can pinpoint the number of brokers available online.Raceoption is yet another one.If you want to know whether it is worth opening an account here, keep reading.Hopefully, you will be able to make a decision.Raceoption is based in the Marshall Islands, but its traders are spread far and wide around the world.It is essentially a CFDs and binary options broker.Raceoption homepage The best part of Raceoption is that it has both mobile and online web-based trading options.All of this sounds like Raceoption is excellent, but if I were honest with you, this is not the case.I have used Raceoption, and let me tell you that it is not beginner-friendly.Yes, it is user-friendly, but not so much for people just starting.We cannot be sure whether this broker is a scam or not, but we can indeed analyze it further.So, let’s look at how it works.HOW DOES RACEOPTION WORK?Did you know that Raceoption offers more than a hundred trading instruments?It is always fascinating to know how a broker works.We need to know how our chosen platform works to understand it fully.Let’s go through the main details now. Raceoption has many features and instruments, including forex, shares, indices, and commodities.Let’s have a look at some of these.Some of the financial markets you can trade here are as follows:Forex These include more than 25 currency pairs, including both major and minor ones. Such as:EUR/USDGBP/USDUSD/CADUSD/TRYUSD/RUBNZD/USDAUD/USDGBP/CHFAUD/CHFCAD/JBP and more!StocksYou can trade more than 50 shares and stocks, includingIBMApple (US)Amazon Inc.British Petroleum (BP)Nike (US)Microsoft (US)AmazonDisneyTescoNissanCoca-Cola (US) and more!Commodities and MetalsSome of these includeGoldSilverPlatinumSugarCoffeeCrude oil etc.Indices Raceoption has some of the most popular indices, such asS&P 500DOW (US)MSM 30DAX 30FTSE 100 and more!HOW DOES THE RACEOPTION PLATFORM WORK?Raceoption is a user-friendly broker once you get the hang of it, as I mentioned before.It was certainly not easy for me in the beginning, but once I got used to it, it was pretty easy to navigate.But I guess one can get used to anything, and it will become easy.Let’s look at how the platform works to understand it further.Raceoption has a web platform which allows you to trade multiple assets.The benefits of the platform include:Drawing toolsMultiple time framesMore than 30 technical indicators (more on that in a while)An entire trading historyCharts by TradingViewCopy-trading tool to mimic other experienced tradersUnlike most brokers, however, Raceoption does not offer a user guide.Nor does it offer a third-party solution such as MetaTrader 4 and MetaTrader 5.Raceoption platform pageYou know what Raceoption is, but how does the platform work?Let’s go through some general steps to kick-start the process.These are pretty simple, so I am sure you will understand them upon the first read.Select the asset you want to trade. Go through the dropdown menu for theseUse the charts to analyze real-time performance as well as the previous trading historyView market conditions, showing the percentage of buyers and sellersSelect a suitable expiry time and enter the amount that you want to tradeClick on the Buy option if you believe the price will increase. Otherwise, click on the Sell option if you believe that it will dropThat’s it! All you have to do now is collect your payout as a percentage of your invested amount.Raceoption is available on both Android and iOS.Mobile applications will allow you to access your trades instantly, anywhere.Raceoption platform page WHAT TRADING INDICATORS ARE AVAILABLE?As a trader, I am sure you know how indicators work.If not, let me tell you that technical indicators provide signals traders use to predict future price movements.They play a big role in technical analysis.Some of the essential indicators available on Raceoption are:Bollinger bandsMoving average convergence divergence (MACD)Simple moving average (SMA)Relative strength index (RSI)Commodity channel index (CCI)Further reading Investors take Forex platform ROFX and its founders to court Pocket Option review 2023: pros & cons Cryptocurrency trading and binary options The Most Popular Trading Assets For Binary Options What is Forex? Unknown Facts & Figures (The Ultimate Guide) 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK)WHAT ARE RACEOPTION’S TRADING ACCOUNTS? Raceoption, like many other brokers, allows you multiple account types.As I mentioned earlier, I chose the bronze account.My experience was satisfactory overall.Let’s take a look at the bronze and other account types.1. BRONZE ACCOUNTThe account requires a minimum deposit of $250.You can get a 20% bonus with a bronze account.You have the option of a copy trading tool.I used it and it was fine.I was able to copy trades and execute them without any hassle.2. SILVER ACCOUNTA silver account requires a minimum deposit of $1000, with a 50% bonus opportunity.The withdrawal time here is about an hour.You also get three risk-free trades at the beginning and a masterclass on trading.3. GOLD ACCOUNTA gold account requires a minimum deposit of $3000 and a 100% bonus opportunity.You also get three risk-free trades here as well as a masterclass that is web-based.The gold account also includes a personal success manager.Raceoptiton accounts page All three accounts have the following standard features:Live video chatCopy-trading toolDemo accountMore details on the bonuses mentioned above are given in the following sections.DOES RACEOPTION OFFER A DEMO ACCOUNT?Demo accounts in Raceoption are available for all three account types.But these are not for free.Nonetheless, the benefits of this broker’s demo account are:The demo account, no doubt, provides clients with real-time experience.You must deposit the initial amount before accessing the demo account.Yes, it is very confusing and kind of defeats the purpose of a demo account, but at least you will get some experience.I would say that their demo account is not practical.HOW SAFE IS RACEOPTION?It is entirely normal to question the safety of this broker.After all, it is on the internet, so how secure can it be?Is Raceoption regulated?If so, then by whom?Unfortunately, Raceoption is not regulated by any official authority.Ideally, you want your broker to be regulated.But Raceoption is not regulated.I did not like this aspect of the broker.If you are looking for a regulated broker, see Pocket Option.Further reading Trader’s profitability Calculator Pip calculator The Story Behind the MBA Forex Scam and Closure Top Binary Options Brokers Reviewed in 2023 How to make money on binary options without any investment? Building Small Profits, Fast: How to Use an Options Scalping Strategy for TradingWHERE IS RACEOPTION LOCATED? It is essential to understand where the broker is located.The reason for this is that it adds to the security of the broker.Furthermore, this plays a part in satisfying the user who knows the broker’s legitimacy.Let’s find out where this broker is located.Raceoption is registered to a location in the Marshall Islands.WHO OWNS RACEOPTION?I am sure you are wondering who owns Raceoption.Instead of a name, let me tell you the exact company that runs Raceoption.I did some digging into it.Let me take out my glasses!Raceoption is operated in particular by Makerun Corp.Their headquarters are based in the Marshall Islands.Further reading EXANTE BROKER REVIEW 2023: FEES AND BENEFITS How Сan Binary Options Brokers Cheat You? The Story Behind the MBA Forex Scam and Closure What does a forex trader do? What is forex trading? Top Five Richest and Most Influential Traders Today IC Markets Broker OverviewHOW TO DEPOSIT/WITHDRAW FUNDS IN A RACEOPTION ACCOUNT Raceoption offers different deposit and withdrawal methods for its users.The good thing is that Raceoption does not charge any transfer fee.However, some third parties may charge a fee.Let’s go through these quickly.The funding time is instant, which is a plus.I did find it good because I need to fund my account quickly to start with the broker.The deposit methods are:Bank transfer – Visa, MasterCardBitcoinEthereumOther altcoinsIdeally, the processing time is instant, but any holidays or long weekends can cause a delay in processing.It will not be an issue if you time your deposits correctly.The withdrawal methods are also quite simple and convenient.The withdrawal methods are the same as for a deposit, i.e., you can use a credit or debit card.There is no withdrawal fee either.The withdrawal process takes up to an hour.However, it took six hours for my withdrawals to come through.Raceoption funding and withdrawal page Further reading What is Forex? Unknown Facts & Figures (The Ultimate Guide) Top Binary Options Brokers Reviewed in 2023 How long to learn binary options trading in 2023? Building Small Profits, Fast: How to Use an Options Scalping Strategy for Trading 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Close Option - binary options broker reviewHOW TO CONTACT RACEOPTION Raceoption’s customer service is available at any time of the day.Alternatively, you can leave your details, including your email, name, phone number, and query. This is done using an online form, which I found straightforward.The team will then contact you.You can either:CallFill out the web formEmailYou can contact five numbers:+18299476393 (US)+442080685335 (United Kingdom)3-395-0396081-855-7055+7-499-7033774Lastly, you can email them at support@Raceoption.com.Further reading Live Currency Heat Map 10TRADEFX REVIEW 2023: IS IT WORTH IT? CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS BINARYCENT REVIEW: IS IT WORTH IT? Volume Based Trading Techniques (Volume Indicators) What Is Smooth Love Portion, and What Can You Do With It?DOES RACEOPTION OFFER PROMO CODES? Raceoption frequently conducts competitions and contests that result in the winners receiving rewards.These are usually monetary rewards.Let’s take a look!Looking at the recent contests held, I found out that 40 winners were eligible to receive a prize from a fund of $20,000.Remember to keep a lookout for such contests.Who knows, you might win!Not every broker offers promotional packages, so we can say this is a plus point for Raceoption.Raceoption special offers pageDOES RACEOPTION OFFER BONUSES?Many brokers offer their users bonuses.It is an excellent way of giving back to their traders and a smart way of loyalty reinforcement.Raceoption also does this.Let’s look at some ways you can get a bonus.After registering for an account, the first benefit is that the trader receives a gift.Currently, this amounts to four training videos.Deposits of funds between $250 and $999 will get a 20 percent bonus.Deposits of funds from $1,000 to $2,999 will get a 50 percent bonus.Deposits of funds from $3,000 to $50,000 will get a 100 percent bonus.Raceoption special offers pageFurther reading Free Online Interactive Binary Options Charts and Why You Should Use Them Review of the OctaFX Forex and CFD Broker Pocket Option review 2023: pros & cons The 80/20 rule In Trading. How To Implement It? How Сan Binary Options Brokers Cheat You? Free Online Interactive Binary Options Charts and Why You Should Use ThemDOES RACEOPTION CHARGE TAX ON PROFITS? It is common practice for brokers not to charge their clients any tax on profits.The reason for this is that each country has different tax rules.So, does Raceoption go through all the hassle and charge taxes?Let’s find out!If you think about it, a broker can’t enforce different tax policies for all the countries in which its traders live.Raceoption does not mention anything about its tax policy on its website.Further reading Close Option - binary options broker review TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS Pocket Option review 2023: pros & cons What is Forex? Unknown Facts & Figures (The Ultimate Guide) Trader’s profitability Calculator HOW DO I MAKE MONEY WITH RACEOPTION?I opened an account with Raceoption out of curiosity.After visiting its website, I knew the broker wasn’t regulated.But I wanted to give it a shot to experience the overall trading conditions.I opened a bronze account.There are plenty of assets available for trading.However, the platforms and the trading tools are basic.Customer support was the only thing I would give five stars.Surprisingly, they do have an office in the US but don’t provide trading in US territory.They do provide a copy-trading tool, though.I used the tool, and the overall performance was acceptable.One of the major problems was withdrawals.It took me six hours to get a withdrawal, even though the website says within one hour.So, I think the broker is between the good and the bad.Let’s see what others have to say about Raceoption.Further reading Convert Satoshi To BTC Bitcoin | 100% Free Online Tool Live Currency Heat Map The Story Behind the MBA Forex Scam and Closure Top Binary Options Brokers Reviewed in 2023 How to Buy Stripe Stock Top Five Richest and Most Influential Traders Today FAQsDoes Raceoption have a rollover?The rollover and sell now features are two more tools available to traders. These allow traders to extend current trades or sell out to lock in profits/cut losses.Can you use Raceoption in the US?Raceoption is neither licensed nor approved by US regulators, preventing the firm from providing its services to US traders.What is Double Up in Raceoption?The Double-up feature allows you to double your investment in your preferred option. When you double up on a trade, you will obtain a copy position with the same asset, direction, and expiration time but a different open price. The current market price will open new positions.Final thoughtsThere you have it.A thorough review of Raceoption.We discussed everything from the unique features of Raceoption to the indicators it uses, the products it offers, how the platform works, and a lot more.In my opinion, Raceoption has several positive features. However, they should all be taken with a grain of salt.After all, safety is traders’ first concern, and no official authority regulates this broker. Quotex is another unregulated binary options brokers to consider.Food for thought!I hope this has helped you make your decision.Feel free to go over the review again before deciding.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER Learn to Use the Economic Calendar: Binary Options Trading Top Binary Options Brokers Reviewed in 2023 How long to learn binary options trading in 2023? EasyOption Review 2023: Is It Worth It? Close Option - binary options broker review Start tradingGeneral Risk Warning: Your capital might be at risk
Saqib Iqbal Author 12 min read Published: June 29, 2018 Updated: August 12, 2022 Views: 255Content WHAT IS RACEOPTION? WHAT ARE RACEOPTION’S TRADING ACCOUNTS? WHERE IS RACEOPTION LOCATED? HOW TO DEPOSIT/WITHDRAW FUNDS IN A RACEOPTION ACCOUNT HOW TO CONTACT RACEOPTION DOES RACEOPTION OFFER PROMO CODES? DOES RACEOPTION CHARGE TAX ON PROFITS? HOW DO I MAKE MONEY WITH RACEOPTION? FAQsRaceoption is a binary broker based in the Marshall Islands.On paper, the broker isn’t regulated.But is that enough to make a decision?How about I help you out and we answer some key questions together?Let’s begin with how Raceoption differs from the rest of the brokers.HOW DOES RACEOPTION STAND OUT?Clients around the world – the clients of Raceoption are global, with traders from Mexico to Sri Lanka.Bonuses and promotions – Raceoption gives its customers bonuses from time to time and offers different kinds of referral programs.Multiple products – Raceoption offers several products and services, including forex, crypto, stocks, indices, and CFDs.Readily available customer support – the customer service for Raceoption is available 24/7, so traders can contact the team whenever they want.Different trading accounts – Raceoption has different account types, so users can pick the one that fits their needs and trading requirements.Let’s now move ahead and find out what Raceoption is.WHAT IS RACEOPTION? At this point, I don’t think anyone can pinpoint the number of brokers available online.Raceoption is yet another one.If you want to know whether it is worth opening an account here, keep reading.Hopefully, you will be able to make a decision.Raceoption is based in the Marshall Islands, but its traders are spread far and wide around the world.It is essentially a CFDs and binary options broker.Raceoption homepage The best part of Raceoption is that it has both mobile and online web-based trading options.All of this sounds like Raceoption is excellent, but if I were honest with you, this is not the case.I have used Raceoption, and let me tell you that it is not beginner-friendly.Yes, it is user-friendly, but not so much for people just starting.We cannot be sure whether this broker is a scam or not, but we can indeed analyze it further.So, let’s look at how it works.HOW DOES RACEOPTION WORK?Did you know that Raceoption offers more than a hundred trading instruments?It is always fascinating to know how a broker works.We need to know how our chosen platform works to understand it fully.Let’s go through the main details now. Raceoption has many features and instruments, including forex, shares, indices, and commodities.Let’s have a look at some of these.Some of the financial markets you can trade here are as follows:Forex These include more than 25 currency pairs, including both major and minor ones. Such as:EUR/USDGBP/USDUSD/CADUSD/TRYUSD/RUBNZD/USDAUD/USDGBP/CHFAUD/CHFCAD/JBP and more!StocksYou can trade more than 50 shares and stocks, includingIBMApple (US)Amazon Inc.British Petroleum (BP)Nike (US)Microsoft (US)AmazonDisneyTescoNissanCoca-Cola (US) and more!Commodities and MetalsSome of these includeGoldSilverPlatinumSugarCoffeeCrude oil etc.Indices Raceoption has some of the most popular indices, such asS&P 500DOW (US)MSM 30DAX 30FTSE 100 and more!HOW DOES THE RACEOPTION PLATFORM WORK?Raceoption is a user-friendly broker once you get the hang of it, as I mentioned before.It was certainly not easy for me in the beginning, but once I got used to it, it was pretty easy to navigate.But I guess one can get used to anything, and it will become easy.Let’s look at how the platform works to understand it further.Raceoption has a web platform which allows you to trade multiple assets.The benefits of the platform include:Drawing toolsMultiple time framesMore than 30 technical indicators (more on that in a while)An entire trading historyCharts by TradingViewCopy-trading tool to mimic other experienced tradersUnlike most brokers, however, Raceoption does not offer a user guide.Nor does it offer a third-party solution such as MetaTrader 4 and MetaTrader 5.Raceoption platform pageYou know what Raceoption is, but how does the platform work?Let’s go through some general steps to kick-start the process.These are pretty simple, so I am sure you will understand them upon the first read.Select the asset you want to trade. Go through the dropdown menu for theseUse the charts to analyze real-time performance as well as the previous trading historyView market conditions, showing the percentage of buyers and sellersSelect a suitable expiry time and enter the amount that you want to tradeClick on the Buy option if you believe the price will increase. Otherwise, click on the Sell option if you believe that it will dropThat’s it! All you have to do now is collect your payout as a percentage of your invested amount.Raceoption is available on both Android and iOS.Mobile applications will allow you to access your trades instantly, anywhere.Raceoption platform page WHAT TRADING INDICATORS ARE AVAILABLE?As a trader, I am sure you know how indicators work.If not, let me tell you that technical indicators provide signals traders use to predict future price movements.They play a big role in technical analysis.Some of the essential indicators available on Raceoption are:Bollinger bandsMoving average convergence divergence (MACD)Simple moving average (SMA)Relative strength index (RSI)Commodity channel index (CCI)Further reading Investors take Forex platform ROFX and its founders to court Pocket Option review 2023: pros & cons Cryptocurrency trading and binary options The Most Popular Trading Assets For Binary Options What is Forex? Unknown Facts & Figures (The Ultimate Guide) 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK)WHAT ARE RACEOPTION’S TRADING ACCOUNTS? Raceoption, like many other brokers, allows you multiple account types.As I mentioned earlier, I chose the bronze account.My experience was satisfactory overall.Let’s take a look at the bronze and other account types.1. BRONZE ACCOUNTThe account requires a minimum deposit of $250.You can get a 20% bonus with a bronze account.You have the option of a copy trading tool.I used it and it was fine.I was able to copy trades and execute them without any hassle.2. SILVER ACCOUNTA silver account requires a minimum deposit of $1000, with a 50% bonus opportunity.The withdrawal time here is about an hour.You also get three risk-free trades at the beginning and a masterclass on trading.3. GOLD ACCOUNTA gold account requires a minimum deposit of $3000 and a 100% bonus opportunity.You also get three risk-free trades here as well as a masterclass that is web-based.The gold account also includes a personal success manager.Raceoptiton accounts page All three accounts have the following standard features:Live video chatCopy-trading toolDemo accountMore details on the bonuses mentioned above are given in the following sections.DOES RACEOPTION OFFER A DEMO ACCOUNT?Demo accounts in Raceoption are available for all three account types.But these are not for free.Nonetheless, the benefits of this broker’s demo account are:The demo account, no doubt, provides clients with real-time experience.You must deposit the initial amount before accessing the demo account.Yes, it is very confusing and kind of defeats the purpose of a demo account, but at least you will get some experience.I would say that their demo account is not practical.HOW SAFE IS RACEOPTION?It is entirely normal to question the safety of this broker.After all, it is on the internet, so how secure can it be?Is Raceoption regulated?If so, then by whom?Unfortunately, Raceoption is not regulated by any official authority.Ideally, you want your broker to be regulated.But Raceoption is not regulated.I did not like this aspect of the broker.If you are looking for a regulated broker, see Pocket Option.Further reading Trader’s profitability Calculator Pip calculator The Story Behind the MBA Forex Scam and Closure Top Binary Options Brokers Reviewed in 2023 How to make money on binary options without any investment? Building Small Profits, Fast: How to Use an Options Scalping Strategy for TradingWHERE IS RACEOPTION LOCATED? It is essential to understand where the broker is located.The reason for this is that it adds to the security of the broker.Furthermore, this plays a part in satisfying the user who knows the broker’s legitimacy.Let’s find out where this broker is located.Raceoption is registered to a location in the Marshall Islands.WHO OWNS RACEOPTION?I am sure you are wondering who owns Raceoption.Instead of a name, let me tell you the exact company that runs Raceoption.I did some digging into it.Let me take out my glasses!Raceoption is operated in particular by Makerun Corp.Their headquarters are based in the Marshall Islands.Further reading EXANTE BROKER REVIEW 2023: FEES AND BENEFITS How Сan Binary Options Brokers Cheat You? The Story Behind the MBA Forex Scam and Closure What does a forex trader do? What is forex trading? Top Five Richest and Most Influential Traders Today IC Markets Broker OverviewHOW TO DEPOSIT/WITHDRAW FUNDS IN A RACEOPTION ACCOUNT Raceoption offers different deposit and withdrawal methods for its users.The good thing is that Raceoption does not charge any transfer fee.However, some third parties may charge a fee.Let’s go through these quickly.The funding time is instant, which is a plus.I did find it good because I need to fund my account quickly to start with the broker.The deposit methods are:Bank transfer – Visa, MasterCardBitcoinEthereumOther altcoinsIdeally, the processing time is instant, but any holidays or long weekends can cause a delay in processing.It will not be an issue if you time your deposits correctly.The withdrawal methods are also quite simple and convenient.The withdrawal methods are the same as for a deposit, i.e., you can use a credit or debit card.There is no withdrawal fee either.The withdrawal process takes up to an hour.However, it took six hours for my withdrawals to come through.Raceoption funding and withdrawal page Further reading What is Forex? Unknown Facts & Figures (The Ultimate Guide) Top Binary Options Brokers Reviewed in 2023 How long to learn binary options trading in 2023? Building Small Profits, Fast: How to Use an Options Scalping Strategy for Trading 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Close Option - binary options broker reviewHOW TO CONTACT RACEOPTION Raceoption’s customer service is available at any time of the day.Alternatively, you can leave your details, including your email, name, phone number, and query. This is done using an online form, which I found straightforward.The team will then contact you.You can either:CallFill out the web formEmailYou can contact five numbers:+18299476393 (US)+442080685335 (United Kingdom)3-395-0396081-855-7055+7-499-7033774Lastly, you can email them at support@Raceoption.com.Further reading Live Currency Heat Map 10TRADEFX REVIEW 2023: IS IT WORTH IT? CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS BINARYCENT REVIEW: IS IT WORTH IT? Volume Based Trading Techniques (Volume Indicators) What Is Smooth Love Portion, and What Can You Do With It?DOES RACEOPTION OFFER PROMO CODES? Raceoption frequently conducts competitions and contests that result in the winners receiving rewards.These are usually monetary rewards.Let’s take a look!Looking at the recent contests held, I found out that 40 winners were eligible to receive a prize from a fund of $20,000.Remember to keep a lookout for such contests.Who knows, you might win!Not every broker offers promotional packages, so we can say this is a plus point for Raceoption.Raceoption special offers pageDOES RACEOPTION OFFER BONUSES?Many brokers offer their users bonuses.It is an excellent way of giving back to their traders and a smart way of loyalty reinforcement.Raceoption also does this.Let’s look at some ways you can get a bonus.After registering for an account, the first benefit is that the trader receives a gift.Currently, this amounts to four training videos.Deposits of funds between $250 and $999 will get a 20 percent bonus.Deposits of funds from $1,000 to $2,999 will get a 50 percent bonus.Deposits of funds from $3,000 to $50,000 will get a 100 percent bonus.Raceoption special offers pageFurther reading Free Online Interactive Binary Options Charts and Why You Should Use Them Review of the OctaFX Forex and CFD Broker Pocket Option review 2023: pros & cons The 80/20 rule In Trading. How To Implement It? How Сan Binary Options Brokers Cheat You? Free Online Interactive Binary Options Charts and Why You Should Use ThemDOES RACEOPTION CHARGE TAX ON PROFITS? It is common practice for brokers not to charge their clients any tax on profits.The reason for this is that each country has different tax rules.So, does Raceoption go through all the hassle and charge taxes?Let’s find out!If you think about it, a broker can’t enforce different tax policies for all the countries in which its traders live.Raceoption does not mention anything about its tax policy on its website.Further reading Close Option - binary options broker review TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS Pocket Option review 2023: pros & cons What is Forex? Unknown Facts & Figures (The Ultimate Guide) Trader’s profitability Calculator HOW DO I MAKE MONEY WITH RACEOPTION?I opened an account with Raceoption out of curiosity.After visiting its website, I knew the broker wasn’t regulated.But I wanted to give it a shot to experience the overall trading conditions.I opened a bronze account.There are plenty of assets available for trading.However, the platforms and the trading tools are basic.Customer support was the only thing I would give five stars.Surprisingly, they do have an office in the US but don’t provide trading in US territory.They do provide a copy-trading tool, though.I used the tool, and the overall performance was acceptable.One of the major problems was withdrawals.It took me six hours to get a withdrawal, even though the website says within one hour.So, I think the broker is between the good and the bad.Let’s see what others have to say about Raceoption.Further reading Convert Satoshi To BTC Bitcoin | 100% Free Online Tool Live Currency Heat Map The Story Behind the MBA Forex Scam and Closure Top Binary Options Brokers Reviewed in 2023 How to Buy Stripe Stock Top Five Richest and Most Influential Traders Today FAQsDoes Raceoption have a rollover?The rollover and sell now features are two more tools available to traders. These allow traders to extend current trades or sell out to lock in profits/cut losses.Can you use Raceoption in the US?Raceoption is neither licensed nor approved by US regulators, preventing the firm from providing its services to US traders.What is Double Up in Raceoption?The Double-up feature allows you to double your investment in your preferred option. When you double up on a trade, you will obtain a copy position with the same asset, direction, and expiration time but a different open price. The current market price will open new positions.Final thoughtsThere you have it.A thorough review of Raceoption.We discussed everything from the unique features of Raceoption to the indicators it uses, the products it offers, how the platform works, and a lot more.In my opinion, Raceoption has several positive features. However, they should all be taken with a grain of salt.After all, safety is traders’ first concern, and no official authority regulates this broker. Quotex is another unregulated binary options brokers to consider.Food for thought!I hope this has helped you make your decision.Feel free to go over the review again before deciding.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER Learn to Use the Economic Calendar: Binary Options Trading Top Binary Options Brokers Reviewed in 2023 How long to learn binary options trading in 2023? EasyOption Review 2023: Is It Worth It? Close Option - binary options broker review Start tradingGeneral Risk Warning: Your capital might be at risk