Is RaceOption a Scam? An Honest Review
RaceOption is one of the leading binary options brokers in the trade market today. The distinctive quality of this particular broker is its capability of hosting a vast majority of users without having to specifically list under a regulator. To attract more users and promote trading, RaceOption often hosts a list of referrals, trading competitions, and promotions. Their website is managed by Makerun Corp which is based in the Marshal Islands.
If you are new to trading and are confused about whether you should or shouldn’t choose RaceOptions as your broker, then you are in the right place. Here, you will be getting an honest review of RaceOption which would help you determine your next move and make the right choice.
Trading can look like a simple concept. It revolves around either buying or selling commodities, indices, and forex, where the buyer pays compensation to the seller. The process can also involve the exchange of goods or services between the two parties. However, RaceOpion offers copy trading and trading contests which shifts the dynamics completely.
When you enter the trading platform, the left side displays assets of all the different pairs and markets which the user can use to look up their desired currency pairs and keep an eye on their direction and development. The provided charts can be viewed any time the user needs them. Traders can conduct any required analysis by taking aid from all the various tools.
The platform also offers its users the freedom of viewing their trading history whenever they need it. All they need to do is select a certain timeframe. This will help them analyze their performance on a weekly or monthly basis. With the different tools offered by the platform, you have the ability to forecast upcoming trends, which can help you strategize your upcoming moves.
Account Types
The initial step to enter the world of trading is a 30-second process of setting up an account by providing your email address, cellphone number, and preferred mode of currency. Once you have successfully verified your email, you will be directed to a page displaying the variety of account types RaceOption has to offer.
Bronze Account
A bronze trading account on RaceOption has the following features:
- You need just a minimum deposit of $250 to get your account running.
- There is a live video chat support service provided.
- There is a 20% deposit bonus for you to start trading.
- You can use a demo account.
- You will have access to copy trading tools.
Silver Account
A silver trading account on this platform has the following terms and conditions:
- You need a minimum deposit of $1,000 to set up your account.
- You will have access to copy trading tools.
- You will be able to create a demo account.
- There is live video chat support available.
- You can withdraw your money within an hour.
- You get a 50% deposit bonus.
- You will be offered access to the Master Class.
- There will be a first three risk-free trades policy which you can avail of.
Gold Account
Following is a list of the variety of facilities you will be provided with a gold trading account.
- You can create a demo account.
- You can access copy trading tools.
- There will be a live video chat support service available.
- You can avail of the first three risk-free trades policy.
- You will have access to a personal success manager.
- You will need a minimum of $3000 deposit to run your account.
- There will be a 100% deposit bonus.
- You will get access to a Master Class web session.
Technical Analysis of the RaceOptions Web Platform
The RaceOptions website provides its users with a live video chat support option to assist them with trading. This helps traders to constantly learn and grow. The site has offered support in a manner no other trade-supporting platform has done yet. There are tools available on the web page which you can use to analyze the coins one can use to identify the entry and exit points of a trade.
Deposits and Withdrawals
RaceOptions provides its users with a wide variety of deposit and withdrawal mediums to maintain its transparency. The mediums offered are:
- Visa or MasterCard: The service is instant with a transfer fee of 5%.
- Altcoins: The service provides instant transfer, over all regions. It is also free of charge.
- Ethereum: The process of transfer is instant and covers all regions. There are no associated fees.
- Bitcoin: The process is again instant and covers all regions with no cost to bear.
Conclusion
RaceOptions provides its users with unique features involving trade competitions and referrals which encourage more individuals to enter the world of trading. The structure of the platform is pretty transparent, making the experience worthwhile.
With a solid foundation in technology, backed by a BIT degree, Lucas Noah has carved a niche for himself in the world of content creation and digital storytelling. Currently lending his expertise to Creative Outrank LLC and Oceana Express LLC, Lucas has become a... Read more