What is RaceOption?
RaceOption is a convenient trading platform that Makerun Corp operates. It’s based in the Marshall Islands and was established in 2014. This user-friendly trading platform has investors from across the globe. It uses advanced technology and offers impressive bonuses.
Stocks, Commodities, Currencies, and Indices are a few trading instruments available on this trading platform. You can do mobile trading using your iOS and Android devices. From 2014 to 2021, it has 1560 active traders, USD earned is 1,81,8497, and their average income is USD 1166. It serves more than 10,000 trades daily. You can even copy trades and earn without any experience in trading. There is 100% protection of your data using the data protection feature.
It’s an innovative binary options trading platform that organizes giveaways and referrals for its users. Though there are no industry awards in its kitty, it has made a name for itself like PocketOption.
RaceOption provides users with the most popular and advanced trading platform. It is available on any of the devices. As you open the site, you will see the assets Chart that shows the prices in real-time. It is shown for a selected period.
You get access to everything, right from copy trading tools to widgets, in the same place. Even you can get to choose the desired expiry time for trading. To stay connected with the global market, they provide a mobile trading platform too. Here, you get
- Insight into trading history
- 60-seconds trading time
- CFD and regular trading options
The profit is provided in the percentage form on this binary options trading platform. It shows the Bull or Buyer percentage and Bears or Seller percentage. You can earn up to 95% of extra income from Crypto, CFDs, and Forex trading. The Race Option binary broker has 1950 active users who have made almost 1,777,850 USD.
It is easy to select the trading assets from the drop-down menu when you register and get your dashboard. Moreover, you can use the same login for the mobile and web platforms.
Assets to trade on RaceOption
- Stocks: Race Option offers 100+ assets and initiates almost 10,000 trades daily. This trading platform caters to investors from across the globe. It caters to larger demographics. The stocks available here are IBM, Tesco, Nissan Motor, Coca-Cola (US), Apple, Nike, Amazon, Goldman Sachs, Pfizer, etc.
- Currencies: You can buy and sell binary options on this platform in different types of currencies. It includes USD/CAD, EUR/USD, USD/RUB, GBP/JPY, AUD/NZD, and much more.
- Commodities: They offer various commodities like Silver, Gold, Oil futures, Sugar, Coffee, etc. The trading hours of these commodities are on weekdays. Bid on the provided traded time to know their minimum trading price.
- Indices: The available indices include CAC (FRANCE), NASDAQ (US), BOMBAY SE, RTS (RUSSIAN TRADING SYSTEM), TEL AVIV 25, etc.
There are 2 crypto assets to trade (Bitcoin/USD, and Bitcoin/CNY).
Even with very few cryptos to offer, this trading platform wants to make sure to provide the best market components to its investors, and the deposits and withdrawals are carried out in Cryptocurrencies like Bitcoin, Ethereum, and Altcoins.
Trading Conditions At Race Option
You can watch out for the payouts for different trading assets on the right-left side. Like, if you trade with EUR/USD, and it gives a potential profit of 90%. It means if you invest a minimum of $100, then you will receive $190.
This Race option trading platform provides payouts starting at 60%, and they go higher to 90%. These payouts are compared with the overall market. Here, the CFD or Contract for Difference market works distinctly as compared to other brokers. Your payout will depend on the investment made and the market directions. Binary options trading carries a higher risk. So, you will receive a payout according to the money invested.
You can start trading with $1 for beginners, and the traders cannot go above the $1500 limit. You can use the ‘sell-out’ feature. It will help you to close the trade before your allotted time. You get a ‘partial refund’ for the time left with you.
They offer the Multiplier tool for CFD trading. It helps traders to get increased returns on their invested amounts. The maximum multiplier applied is 1:100 for all the clients by default. The multiplier works as = (Closing Price/Opening Price-1) X Multiplier X Investment Amount = Profit/Loss for long positions. You can calculate the short positions as= (1- Closing Price/Opening Price) Multiplier Investment Amount = Profit/Loss.
Minimum Deposit at Pocket Option
The minimum deposit you can do to operate your trading account at Race Option is $250. The investment range can go up to $50,000 according to the type of account you possess.
Type of Accounts
Along with the demo account, the Race Option offers three major types of accounts. These are Bronze, Silver, and Gold. Let’s take a sneak peek into the following:
- Demo Account: To start a demo account, you need to contact customer care for the appropriate credentials. It is offered to new traders. This account helps you to explore options on RaceOption. There is no risk of losing the funds when you are using your demo account. But, you need to deposit the minimum amount to get started, even if you are not using those funds. Investors can withdraw their funds if they dislike trading on this platform.
- Bronze Account: This is an introductory level account for beginners. You can start trading with a minimum deposit of $250. Here, you can use educational material like videos and e-books to understand the basics of trading.
- Silver: It is the most famous account. You need to deposit $1,000 and avail of the feature twice that of the Bronze account. You receive more advanced materials. A master class web session is provided that is informative for the traders who have reached the intermediate level.
- Gold: It is the highest tier account that requires a minimum deposit of $3,000. You get maximum perks and trading features. This is for experienced traders, and you receive the features from Silver and Bronze accounts. The ‘integrated technical analysis’ helps you to improve your trading technique. Higher deposits can give you higher payouts once you train yourself.
Deposit & Withdrawals Options
The deposits and withdrawal options are reliable, fast, and secure. They are SSL certified, 3D secure enable, and funds safety is provided in Europe Bank. Even you receive the withdrawals within 1 hour. The deposits and withdrawal options are:
- Visa Card
Only the 5% transfer is charged for Visa Card and the MasterCard. Moreover, the deposits are instant for all these methods. They will not charge any fee, except the third parties. Funding time gets delayed during public holidays and weekends.
The withdrawal time as cited above is 1 hour for all, but only after your account’s confirmation.
Registration at RaceOption
To open an account with them, you must provide the correct information to simplify your future withdrawal process. You need to provide your details like Name, Phone Number, Email ID, and enter a password. Choose the currency from the drop-down menu. You have to accept the terms and conditions before proceeding.
For verification of your trading account, you have to provide a copy of your passport. You will receive the request to verify your account. In case of any doubt, the authorities can ask you to confirm the document’s authenticity.
There is a master class web session for the Silver and Gold account holders. The Integrated Technical Analysis provided for Gold account holders makes the training personalized.
For more information, you can refer to the FAQ section on their website. You can find the queries related to MY Account, Offers, Trading, How to Begin, and Safety.
You can chat with the customer support representative through the live chat window pop-up 24*7. They provide multi-lingual support. Other ways to reach them are:
Address: Makerun Corp. – Nr. 104038, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
Promotions & Tournaments
It offers a giveaway like a 100% trading bonus and new prizes like Apple Watch, iPad Pro, iPhone 12 Pro, and iMac 27”. But, the traders can participate only by depositing the stated amounts.
The beginners and experienced traders can participate in the trading contest to give $20,000 if they win. There will be 40 winners announced every week, and the trades will be counted to declare results. The first four people will win this amount, and other traders can win varied bonuses and prizes. You can register for free for this contest. You can also refer to the provided FAQs.
Even you can refer friends and receive 20% extra income. If your referral deposits $1,000, you will get $200 as the commission. You need to share your referral link, get 20% back from the client’s deposits and can withdraw the earnings or trade with them.
Race Option Summary
For getting a better trading experience, you can refer to RaceOption. It has a demo account for learning the trade and implementing varied strategies. You can start with their most popular account, Silver. Even the 24*7 multilingual live chat support is present. The trading depends on your skills and capabilities, so you must choose the trading assets wisely.
Does Race Option have a demo account?
Yes, they provide a demo account upon request.