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Race Option Forex Broker provides real users with 20 positive reviews, 1 neutral reviews and 2 exposure review!

Race Option Broker Review

1.55

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Influence C

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Race Option Review 23

Latest All(23) Positive(20) Neutral(1) Exposure(2)
Positive

As a night owl, I appreciate the platform’s 24/7 cryptocurrency trading, which lets me catch some incredible price movements during late hours that I might miss elsewhere. The charting tools are powerful enough to analyze a range of instruments, including exotic pairs. While there’s no native integration with TradingView, I’ve found alternative solutions that work well enough.

FX4236213546
2024-11-14
Positive

I’ve mentioned it before and I’ll say it again—on numerous occasions, the platform’s instant deposit feature has been a lifesaver. One day, when the market was highly active, I spotted a great investment opportunity but had limited capital. In under 30 seconds, I topped up my account and executed the trade. The speed and efficiency of this feature are crucial in fast-paced environments, as they can directly impact success.

StevenMills
2024-10-15
Positive

For this reason, I will repeat it as a mantra that the copy trading system of RaceOption profited me much. The other week, I decided to subscribe to a trader who specializes in indices. Occasionally, looking at their moves, chance makes me look at something I never did before and take interest in it. This could be equated to having a one-on-one or trainer within the platform to assist in learning. Besides the friendly interface with the user, it makes me feel today, I am enhancing my trading skills. I have no doubt that they have opened my eyes to the markets in so many ways and would recommend them to anyone.

RobertHammond
2024-09-19
Positive

The RaceOption analytical tools have varied and captivated me. Even these simplest of technologies of displaying time have enabled me to decipher patterns I was heretofore unaware of. One of the features that particularly caught my attention would be the Fibonacci retracement tool that allows me to identify the potential entry and exit levels much more precisely. Evidently, I could attest that these tools have introduced a new dimension to my technical analysis.

CarlMendez
2024-08-28
Positive

But in an odd way, being able to copy others at RaceOption helped a lot in building up my confidence. Observing successful trading strategies react to dynamic market prices in real time has been a great learning experience in my opinion. Speaking of itself, it has instilled in me a kind of confidence during volatile periods in the market, and it’s good to feel that even professionals go through periodic bouts of uncertainty. It should also be noted that traders have a clear trail of performance that can help in evaluating them. There is one thing that I would like to see more in my copy: provided deeper reasons for any trades they make I have still benefited greatly from the learning experience.

EduardoParks
2024-08-15
Positive

Thanks to Raceoption's copy trading, as a beginner, I've steadily grown my account by following seasoned traders' strategies. Instead of trading solo, I diversify funds among different investors, ensuring steady returns while gaining knowledge. Despite wishing for MetaTrader availability, I've achieved a notable 29% gain in 3 months through copy trading alone, bypassing complex analysis. It's an invaluable educational tool, helping me avoid novice mistakes.

GaryWoods
2024-07-21
Positive

Ensures reliable 1-hour withdrawal processing without any scam tactics to attract traders. They consistently deliver funds swiftly upon payout requests, making them my go-to broker since leaving the US. Despite blocking US traders due to regulations, their efficient system guarantees non-US traders rapid access to profits.

AndrewTaylor
2024-07-19
Positive
Diverse Markets for Skill Honing: Stocks, Currencies & Digital Assets Trading Platform with Intuitive Interface & Copy Trading Feature to Learn from Experts

Offers diverse markets like stocks, currencies, and digital assets, ideal for honing trading skills. Its intuitive interface supports seamless navigation and trading. The standout copy trading feature allows learning from seasoned traders.

HaroldDunn
2024-07-15

  

Race Option 2025 Review: Everything You Need to Know

  Summary: The Race Option broker has garnered mixed reviews, with users highlighting both appealing features and significant concerns. While the platform offers a low minimum deposit and a variety of trading instruments, many users report issues with withdrawals and a lack of regulatory oversight, raising questions about its legitimacy.

  Note: It's essential to recognize that Race Option operates under different entities across various regions, which may impact user experience and regulatory compliance. This review aims to present a balanced view based on diverse sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5

  How We Rate Brokers: Our ratings are derived from a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.

  

Broker Overview

  Founded in 2017, Race Option is an offshore binary options and CFD broker operated by Make Run Corp, based in the Marshall Islands. The platform provides access to a proprietary web-based trading terminal, allowing users to trade various assets, including forex, commodities, stocks, and cryptocurrencies. However, it lacks support for popular trading platforms like MT4 or MT5, which may deter some traders. Importantly, Race Option is not regulated by any major financial authority, which raises concerns about the safety of user funds.

  

Detailed Analysis

  

Regulatory Status

  Race Option operates without regulation from any recognized financial authority, such as the FCA or ASIC. This lack of oversight is a significant red flag, as it exposes traders to potential risks, including fraud. Several financial regulators, including the French AMF and the Portuguese CMVM, have issued warnings against the broker, labeling it as unregulated and potentially fraudulent. This situation highlights the importance of conducting thorough research before engaging with Race Option.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  Race Option supports multiple currencies for deposits and withdrawals, including USD, EUR, GBP, and RUB. The platform also allows transactions in various cryptocurrencies, such as Bitcoin and Ethereum. The minimum deposit requirement is set at $250, which is relatively high compared to other brokers. Withdrawals are processed within an hour, but many users have reported delays and complications, leading to dissatisfaction with the broker's withdrawal policies.

  

Bonuses/Promotions

  Race Option offers a range of bonuses for new traders, including a deposit bonus of up to 200%. However, these bonuses come with strict turnover requirements, which can complicate the withdrawal process. For instance, users who accept a bonus must achieve a trading volume of 300% of their deposit before being eligible to withdraw funds. This policy has been a point of contention among users, with many expressing frustration over the challenges it creates in accessing their funds.

  

Tradable Asset Categories

  The platform provides access to over 100 tradable assets, including major and minor forex pairs, stocks from well-known companies, commodities, and indices. Additionally, Race Option has recently expanded its offerings to include cryptocurrencies, which appeals to a broad range of traders. However, the asset selection is still considered limited compared to other brokers, which may affect the trading experience for some users.

  

Costs (Spreads, Fees, Commissions)

  Race Option does not charge commissions on trades, which is a positive aspect for traders. However, users should be aware of the inactivity fee of $10 if no trades are executed within a month. Additionally, there are rollover charges for holding positions overnight, starting at 0.07%. Overall, while the fee structure appears competitive, the lack of transparency regarding costs has raised concerns among traders.

  

Leverage

  The broker offers leverage of up to 1:500, which can be appealing for experienced traders looking to maximize their potential returns. However, such high leverage also comes with increased risk, particularly for inexperienced traders. It is crucial to approach leveraged trading with caution and ensure a solid understanding of the associated risks.

  

Allowed Trading Platforms

  Race Option operates a proprietary trading platform that is web-based and mobile-friendly. While the platform is user-friendly and intuitive, it lacks the advanced features and tools that are commonly found in established trading platforms like MT4 or MT5. This limitation may hinder more experienced traders who rely on sophisticated analysis tools.

  

Restricted Regions

  Race Option does not accept clients from the United States due to regulatory restrictions surrounding binary options trading. Additionally, traders from countries where binary options are banned may also face difficulties when attempting to access the platform.

  

Available Customer Service Languages

  Customer support is available in multiple languages, including English, Spanish, and Russian. The broker claims to offer 24/7 support through various channels, including live chat and phone. However, user reviews indicate that the quality of customer service can be inconsistent, with some traders reporting long response times and unhelpful support staff.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5

  

Detailed Breakdown

  •   Account Conditions (5/10): The minimum deposit of $250 is relatively high. The bonuses offered come with stringent turnover requirements, complicating withdrawals.

  •   Tools and Resources (4/10): The proprietary platform lacks advanced analytical tools, which may deter experienced traders. The absence of a free demo account is also a significant drawback.

  •   Customer Service and Support (5/10): While support is available 24/7 in multiple languages, user feedback suggests that service quality is inconsistent.

  •   Trading Setup (6/10): The platform is user-friendly but lacks the sophistication found in more established trading platforms. The availability of various asset classes is a positive aspect.

  •   Trustworthiness (3/10): The lack of regulation and numerous complaints regarding withdrawal issues raise significant concerns about the broker's reliability.

  •   User Experience (5/10): Overall user experience is mixed, with some users appreciating the trading features while others express frustration over withdrawal difficulties.

  In conclusion, while Race Option presents a range of appealing features, the lack of regulation and numerous user complaints about withdrawals significantly undermine its credibility. Traders are advised to exercise caution and conduct thorough research before engaging with the broker.