Honest RaceOption Broker Review: Comprehensive Guide to Binary Options and CFDs (2025)

RaceOption is an international online broker specializing in binary options and CFDs. The company began operations in 2014 under a different brand name and adopted its current identity around 2017. The broker is registered offshore—its legal entity, Makerun Corp., is based in the Marshall Islands and is not supervised by any official financial authorities. RaceOption offers over 150 trading assets (currencies, stocks, indices, commodities, cryptocurrencies) with binary option payouts of up to 90–95%. The platform supports copying trades from successful traders and attracts users worldwide (including the U.S.) thanks to its broad range of features and bonus programs.

Key Information About RaceOption

• Year Established: 2014 (rebranded in 2017)
• Jurisdiction: Marshall Islands (offshore registration under Makerun Corp.)
• Regulation: None (the broker is not licensed by any financial authority)
• Trading Products: Binary options and CFDs on forex, stocks, indices, commodities, cryptocurrencies (~150+ assets total)
• Platform: Proprietary web-based platform + mobile apps (Android, iOS)
• Demo Account: Available, but only after signing up for a live account
• Account Types: 3 types – Bronze, Silver, Gold (each offers different bonuses and perks)
• Minimum Deposit: $50 (Bronze account)
• Minimum Trade Size: $1
• Payouts: Up to 90–95% for successful options on popular assets (e.g., EUR/USD)
• Deposit Bonuses: Ranging from ~20% to 100% (depending on account type; some promotions go up to 150–200%)
• Risk-Free Trades: Offered on Silver and Gold accounts (first three losing trades are reimbursed via bonus funds)
• Withdrawal Processing: Claimed processing time up to 1 hour (as stated by the broker), minimum withdrawal amount is $50
• Fees: No deposit/withdrawal fees from the broker; a 1–2.5% fee on crypto CFDs (without leverage), 5% with leverage; inactivity fee of $10/month if no trades are made for over 30 days
• Customer Support: 24/7 multi-language support (20+ languages), including live video chat on the website
• Security: SSL data encryption, 3D Secure, segregated client funds (though 2FA is not available)

Advantages and Disadvantages of RaceOption

Pros:

• High option payouts: returns up to 90–95% on the most popular assets, surpassing the market average.
• Fast withdrawals: the broker claims to process withdrawal requests within one hour, significantly faster than many competitors.
• Wide asset selection: extensive array of underlying assets (forex pairs, stocks, commodities, indices, cryptocurrencies – ~150 total) for broad diversification.
• Social trading: the platform has an integrated copy-trading feature (top-10 trader rankings), letting beginners automatically replicate trades of more experienced participants.
• Bonuses and promotions: generous deposit bonuses (up to 100% or more) and special promotions, plus trading contests with prizes.
• Variety of payment methods: supports bank cards, e-wallets (Skrill, Neteller, Perfect Money, etc.), cryptocurrencies (BTC, ETH, LTC, etc.) – over 10 methods in total, with zero broker-side fees.
• 24/7 support with video chat: around-the-clock assistance with a unique live video chat feature, plus regular live text chat and phone lines.
• Mobile apps: the trading platform is available for mobile (Android, iOS), letting you monitor the market and trade from anywhere.
• Copy trading and educational tools: access to demo mode for practice, instructional materials (video tutorials, guides), and personal account managers for larger clients – helpful for newcomers learning the ropes.

Cons:

• Lack of regulation: RaceOption is not licensed by top-tier authorities like the FCA or CySEC. In the event of disputes or withdrawal issues, there is no protection or compensation guarantee.
• Higher barrier to entry: the minimum deposit of $50 is relatively high compared to some competitors allowing $5–$10 to start. This may deter beginners with limited capital.
• Bonus restrictions: deposit bonuses come with a trading turnover requirement. To withdraw, you must achieve a certain trading volume within a set timeframe. If you fail to meet it, withdrawals can be blocked, potentially surprising those unaware of the rules.
• Bonus and ‘risk-free’ trade risks: “Risk-free” trades are actually reimbursed with bonus money upon losses, which must be worked off before profit can be withdrawn. This can complicate accessing funds earned via bonuses.
• Reliability concerns: there are complaints online from traders calling RaceOption a scam broker (e.g., citing payout delays). Additionally, French regulator AMF and Portuguese CMVM have placed RaceOption on lists of unauthorized financial services, casting doubt on the company’s trustworthiness.
• Limited advanced features: although the platform covers essential functions, its suite of technical analysis and extra tools is relatively modest. There’s no MetaTrader integration or advanced order types for CFD (stop-loss and take-profit are set manually).
• No local offices or recognized regulatory oversight: as an offshore broker, RaceOption lacks an established presence in key jurisdictions, raising questions for more conservative users despite 24/7 online support.

RaceOption Regulation and Reliability

RaceOption is not regulated. The firm does not hold licenses from any state financial commission or regulatory entity. Legally, the platform is owned by an offshore company, Makerun Corp., registered in the Marshall Islands (address: Trust Company Complex, Ajeltake Road, Majuro). Previously, the broker’s site displayed a “Regulated” badge, but after inquiries, support clarified that this was inaccurate—now references to such regulation have been removed. Without oversight from respected organizations like CySEC, FCA, ASIC, etc., RaceOption’s clients have no legal safeguards: their funds are uninsured, and there’s no official procedure to handle disputes.

In some countries, the broker’s operations have been deemed illegal. For example, French AMF and Portuguese CMVM have issued warnings that RaceOption offers services without authorization. It’s likely the company is included in the blacklists of several regulators alongside other offshore binary options platforms. Officially, RaceOption states on its website and in its documents that services are not intended for residents of certain countries (such as the US) due to legal restrictions. However, a large portion of the site’s traffic apparently comes from the US, and historically RaceOption has marketed itself as accepting American traders. Essentially, they serve clients worldwide but do so at their own risk, circumventing direct bans.

Regarding platform reliability, one should note the reputation of the associated group of companies. RaceOption is not a standalone entity—it is connected to a family of brokers that previously included similar platforms like FinRally, BinaryMate, BinaryCent, VideForex, etc., all sharing similar interfaces, staff, and even the same video-chat operators. Experts believe these brands were managed by a single group (variously mentioned as Finance Group Corp, FGC). Some of these brands shut down after alleged violations and aggressive marketing. This background suggests RaceOption is part of a higher-risk offshore operation oriented toward rapid revenue rather than long-term credibility.

Nevertheless, RaceOption does pay out to many clients, and there are positive reviews. For instance, independent review services report a user rating of about 4.2 out of 5 based on roughly 200 reviews, indicating not everyone encounters problems.

The broker tries to demonstrate transparency and security: its site uses SSL encryption to protect data and transactions. Withdrawals require identity verification (passport, ID, selfie)—a standard measure against fraud and money laundering (the broker claims to observe AML policies). RaceOption says it maintains client funds in segregated accounts separate from company funds, but there’s no external regulator to verify this. They also claim 3D Secure technology for card payments.

Notably absent are negative balance protection and other guarantees typical of regulated brokers. In case of force majeure or the company going bankrupt, RaceOption clients should not expect compensation from any fund. Entrusting funds to this broker thus carries the risk of non-payment or unscrupulous practices. With that in mind, it’s smart to withdraw profits frequently and avoid leaving large sums on the platform long-term. The “deposit-trade-profit-withdraw” approach is arguably the safest here.

Reliability verdict: RaceOption is a standard offshore binary options broker. It can be a vehicle for earning if conditions are favorable, but it provides no guaranteed legal protection. Traders should exercise caution, carefully read the user agreement (especially bonus policy and risk disclosures), and stay alert to red flags in the company’s reputation. Experienced traders who understand such risks may find RaceOption useful for speculative trading, but beginners and conservative investors might prefer more reputable, regulated alternatives.

RaceOption Trading Platform

The RaceOption platform is a proprietary web terminal from the broker. Its layout is intuitive and reminiscent of popular interfaces for binary options. Previously, it was reported that RaceOption used SpotOption 2.0, but after SpotOption closed down, the broker appears to have taken over platform maintenance independently. Traders now have a web-based interface accessible directly in a browser, without separate software installation. There is also a web-based desktop app, but the standard browser version is fully functional.

Design and Functionality

The platform workspace includes the asset chart, the order panel, and a market list. The interface is modern and easy to navigate—beginners can quickly learn how to select an asset, set the trade amount and option expiry, or open a CFD position. Charts update in real time, and you can choose line or candlestick views. Basic drawing tools and technical indicators are available—about 30 in total (Moving Averages, RSI, MACD, Bollinger Bands, etc.). It’s possible to open multiple charts for different assets, check your full trading history, and switch between different chart timeframes.

RaceOption includes an advanced charting option powered by TradingView. In the menu, you’ll find “Charting Tools,” opening a window with more comprehensive graphics and indicators (TradingView-based). There you can set up detailed layouts. The only caveat is you cannot place trades directly from that advanced window—you have to return to the main interface. Still, the presence of a TradingView integration is handy for those who prefer in-depth technical analysis.

Types of Trades

RaceOption allows you to trade both classic binary options and CFD contracts. Within the binary options section, you can access standard High/Low options with fixed payouts. Expiry times range from turbo options lasting 30 seconds or 1 minute to mid-term trades lasting hours or days. The minimum interval can go as low as 5 seconds (so-called ultra-short OTC options) introduced in 2023. Essentially, you can bet on micro price fluctuations if you wish. For most assets, the maximum expiry is around 24 hours, though certain assets may allow positions to remain open for a few days.

Experienced option traders can access Rollover, Double Up, and Sell features. These are common among binary-option brokers:

• Rollover lets you extend the expiry time of an open option (postpone its outcome) for a fee—at RaceOption, you can typically extend up to 100% of the original time for the first use, and 30% for subsequent uses.
• Double Up gives you the ability to duplicate your current open position, effectively opening a new option of the same size at the current price—useful if you remain confident in your forecast.
• Sell (Close Now) means you can exit the trade before its expiration to secure a partial profit or limit a loss. Having all three features provides extra flexibility when managing positions.

CFD Trading

In addition to binary options, RaceOption offers CFD (Contract for Difference) trading on the same assets—currencies, crypto, stocks, etc. When trading CFDs, you can open long or short positions with no fixed expiry, limited only by the market’s operating hours.

Leverage applies only to CFDs. Maximum leverage depends on the asset class: up to 1:30 for cryptocurrencies, and potentially up to 1:500 for forex pairs, which is typical among offshore brokers. While leverage can boost returns on small price moves, it also amplifies potential losses.

RaceOption charges a fee for cryptocurrency CFD trades (1–2.5% of trade volume if unleveraged, 5% with leverage). Other assets come with floating spreads and no explicit commissions, which you can see within the platform at order placement. Keeping CFD positions overnight may incur a swap fee—keep that in mind if you plan to hold trades for multiple days.

Execution Speed and Reliability

Orders at RaceOption are executed instantly once you click Buy or Sell (or “Higher”/“Lower” for binary options). The platform seldom lags, even during volatile market moments—something that traders appreciate. Bear in mind that for binary options, the broker is your counterparty (market maker). They claim to source real-time quotes from liquidity providers, but verifying their accuracy can be difficult, especially for weekend OTC sessions. Nonetheless, there have been no widely publicized scandals alleging price manipulation at RaceOption.

Language Support

The platform interface is available in English plus around 20 other languages, making it easier for global users. You can also customize time settings (the default is GMT).

Overall conclusion: The RaceOption platform delivers all the essential functionality for effective binary options and CFD trading. It’s straightforward, user-friendly, and not cluttered with needless extras. Some advanced tools (like TradingView charts) are also provided, satisfying both novices and more seasoned traders who rely on technical analysis. Keep in mind it lacks certain specialized features that a full-fledged platform like MetaTrader might offer, but it’s still a comprehensive solution for those wanting direct web or mobile-based trading.

RaceOption Mobile App

For those who prefer smartphones or tablets, RaceOption has a robust mobile app. It’s available for Android and iOS (iPhone/iPad) via official app stores (Google Play, App Store) or as an APK file on the broker’s site. The mobile platform syncs with the web version: you log in with the same credentials, and all account history and open trades are accessible in the app.

Features of the Mobile App

The mobile version lets you do nearly everything the web terminal does: view real-time charts for all assets, open buy/sell orders for options or CFDs, fund your account, and request withdrawals. The interface is adapted to smaller screens—large “Higher”/“Lower” buttons for binary options, intuitive gestures for selecting amounts and expiries, plus easy switching between assets. There is also a push notification feature to keep you updated on critical events (like withdrawal approvals or contest results).

Distinctive Points

The app supports quick, one-tap trades—especially handy for short-term strategies (like 60-second binary options). It displays real-time market sentiment (the percentage of traders going long or short), helping gauge broader market bias. You can view full trade history and portfolio status. Overall, functionality nearly mirrors the web platform, with the possible exception of advanced TradingView charting or certain in-depth analysis tools, which might be scaled down on mobile.

According to user feedback, RaceOption’s mobile app runs smoothly with few bugs. In the past, it underwent major updates and may have been temporarily unavailable, but the current iteration is described as stable with “expanded features.” It executes trades promptly, with real-time quotes essential for turbo options where seconds can make a difference.

Advantages of Mobile Trading

You won’t miss market opportunities when you’re away from your computer. For example, if you’re traveling or on weekends, you can still trade OTC instruments via your phone. The mobile app can also serve as a backup method if the website is inaccessible for some reason (sometimes local ISPs block broker sites, while the app remains operational).

Limitations

Conducting thorough analysis on a small smartphone screen is less convenient—it’s harder to draw levels or track multiple indicators simultaneously. Hence, serious prep work is typically easier on the web platform, while the mobile app is ideal for on-the-go order placement and position monitoring. Also, be sure your device is secure: use PIN or biometric authentication, avoid saving passwords within the app, and keep your OS updated to prevent unauthorized account access if your device is lost or stolen.

All in all, the RaceOption mobile app is a strong offering: free, user-friendly, and giving you comprehensive account control wherever you have internet. This flexibility is vital for active traders who monitor the markets around the clock.

Assets and Trading Conditions

RaceOption provides one of the widest ranges of tradable instruments among binary option brokers. You’ll find 6 main asset categories:

• Currency Pairs (Forex): Over 25 pairs, including major pairs (EUR/USD, GBP/USD, USD/JPY, etc.) as well as minors and some exotics.
• Stocks: Around 50 top global companies—Apple, Amazon, IBM, Tesla, BP, Facebook, etc. You can speculate on price movements through both binary options and CFDs.
• Indices: Major equity benchmarks such as the S&P 500, Dow Jones, DAX 30, FTSE 100, Nikkei 225, plus others across different regions. Trading an index essentially bets on an entire country’s market or sector.
• Commodities: Energy (WTI/Brent oil, natural gas), agricultural products (coffee, sugar, wheat, etc.), and precious metals (gold, silver, platinum). In total, several dozen commodities across essential categories.
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and other high-profile coins. RaceOption was among the earlier brokers to support binary options on crypto pairs; now crypto is also offered via CFD with leverage.
• OTC Assets: In 2023, the broker introduced an assortment of OTC (over-the-counter) instruments—synthetic assets mirroring real markets but tradable on weekends or outside standard hours. OTC trading allows 24/7 opportunities, including weekends when real markets are closed. Payouts on OTC options can also reach 95%, with a minimum trade size of $0.01 and expiry starting from 5 seconds. Since these quotes are generated in-house, caution is advised when trading OTC.

Trading Parameters

The minimum trade size at RaceOption is $1, a standard among binary brokers. Maximum trade size typically depends on the asset and the account type (VIP clients may have higher limits). The precise cap is not publicly disclosed, though it’s possibly around $1,500–$5,000 per trade.

Payouts (the returns on a successful option) vary by asset and time of day. Major currency pairs usually have an 80–90% payout for standard accounts and up to 95% in certain market conditions or for high-tier accounts. Less popular instruments might offer 60–70%. Extremely short-term options (e.g., 30-second) may yield slightly less. RaceOption advertises that you can earn up to 95% on key pairs like EUR/USD, which is highly competitive.

CFD trading conditions include leverage (different for each asset class, up to 1:500 on forex and 1:30 on crypto), spreads (floating, embedded in the bid/ask price), and no entry commissions except for crypto positions, which have a percentage fee. You can hold CFD positions indefinitely, but they’re subject to margin call and stop-out if losses reach a specific threshold. RaceOption does not publicly specify margin call or stop-out levels, but it’s generally around 20% margin. Hedging (opening a buy and sell on the same instrument) is technically possible, but typically not advantageous due to the combined spreads and potential swaps over time.

Trading Hours

Because of the broker’s wide coverage of markets, RaceOption traders can operate almost nonstop on weekdays. Forex, commodities, and crypto are available 24 hours a day, five days a week (from Sunday evening to Friday evening GMT). Stocks and indices follow their respective exchange trading sessions. However, the broker compensates for weekend closures by providing OTC assets, meaning you can theoretically trade 7 days a week. Keep in mind that RaceOption doesn’t supply a full session calendar, so you’ll need to track market schedules independently to know when certain assets are offline.

Key Features of Trading on RaceOption

• Scalping and intraday allowed: no restrictions on short-term trades, down to 5-second contracts.
• Weekend trading: a major plus for RaceOption, as most regulated brokers don’t offer weekend markets. Here, you can use OTC instruments to trade even when official markets are shut.
• Multi-currency accounts: at signup, you can choose USD, EUR, GBP, RUB, AUD, etc., which avoids conversion fees.
• No inactivity fees if you trade regularly: the $10 monthly fee only applies after 30 days of no trading. Making at least one trade per month keeps your account free.
• No swaps on binary options: since options don’t roll over to the next day, there are no overnight fees. CFDs, however, are subject to swaps if carried past market close.

Overall, RaceOption delivers flexible and, in some cases, quite favorable trading conditions, especially for those drawn to high-payout binary options or extremely short expiries. The combination of binaries and CFDs expands strategy possibilities—traders can, for instance, hedge an option with a CFD position or vice versa. Still, it’s crucial to remember that higher payouts also carry higher risk, and leverage can swiftly magnify losses.

RaceOption Account Types and Bonuses

RaceOption has three account levels: Bronze, Silver, and Gold. The account type is determined by the amount of your initial deposit. Each tier offers a different bonus structure, privileges, and extra services. Below is a comparison of their conditions:

Note: The table above reflects standard bonus percentages for each account tier. RaceOption sometimes runs special promotions offering higher bonuses (150% or even 200%) for larger deposits. For instance, there have been promo codes for an extra $200 on a deposit or time-limited offers for Gold accounts at 150%. Always confirm current promotions on the official site before you deposit. Also, you can decline a bonus if you prefer not to meet turnover requirements—typically by informing support within 3 days of opening your account.

RaceOption Bonus Policy and Requirements

RaceOption is well-known for aggressive bonus offers, but it is crucial to understand the associated terms. The typical requirement is a trading turnover of 3 times your deposit plus the bonus amount (within 3 months) before you can withdraw any associated profits.

For example, if you deposit $1,000 and receive a $500 bonus (50%), you must reach a total trading volume of $(1,000 + 500) × 3 = $4,500 before withdrawing. Attempting an earlier withdrawal may lead to denial or the loss of the bonus and related profits. These conditions are common in the binary options industry, though some details vary among brokers. RaceOption recommends reading their bonus terms carefully to avoid misunderstandings. If you do not want a bonus at all, you can select a “No Bonus” option at registration—no turnover obligations, but no extra bonus funds either.

Risk-Free Trades

An appealing feature for Silver and Gold accounts is “3 risk-free trades.” In practice, that means if your first three trades end up in losses, the broker will refund these losses—but in the form of bonus credit rather than actual cash. That credit is then subject to the same turnover rules described above. If your first three trades are profitable, you simply keep the gains and don’t need compensation. Essentially, these risk-free trades serve as a bonus cushion for your earliest positions. Keep in mind that if you planned to opt out of bonuses entirely, using the risk-free offer automatically triggers bonus activation upon any reimbursement. Decide beforehand which approach suits you best—an initial safety net or the freedom to withdraw anytime.

Training and Master Classes

Bronze accounts come with basic educational resources—ebooks, tutorials, and video lessons. Silver includes a more advanced training feature: a master class webinar on trading strategies, covering market analysis and Q&A. Gold account holders receive all of the above plus a personal manager who can offer additional guidance. While this broker is primarily geared toward direct trading, these educational materials can help novice users get started with fundamental techniques, risk management, and platform navigation.

Personal Manager

Gold account holders are assigned a dedicated personal manager, sometimes labeled a “Personal Success Manager.” This representative can advise you on platform features and help resolve any issues swiftly. They may also share general market insights or highlight upcoming promotions. Always remember that such a manager does not bear responsibility for your trading results—take their suggestions with a healthy dose of caution. They ultimately represent the broker’s interests, though they aim to keep traders active and engaged.

Swiss Prepaid Card

An interesting perk for Gold clients is a Swiss prepaid card. Presumably, it’s a physical debit card issued by a Swiss bank linked to your RaceOption account. It allows quick access to your funds—simply transfer your balance to this card, then spend or withdraw cash from an ATM. Similar programs have existed with other binary brokers in the past (e.g., Finpari once offered such a VIP card). Details about fees or limits aren’t publicly listed, so Gold clients should clarify with their manager for specifics.

Upgrading Your Account Type

If you start with Bronze ($50) and later deposit more until you surpass $1,000 total, your account automatically upgrades to Silver status. Similarly, at $5,000 total deposits, you move to Gold. You retain the new tier even if your balance drops afterward, as it’s based on your cumulative deposit level. Many traders opt to jump straight to Silver to get risk-free trades, but it really depends on your budget and comfort level.

In summary, RaceOption’s tiered accounts are designed to entice you to deposit larger amounts with promises of substantial bonuses and perks. These can be advantageous, but always weigh them against the mandatory turnover rules. “Risk-free” trades can be psychologically reassuring, but a sound strategy is far more important for long-term results. If you’re still learning, you might start with Bronze (declining any bonus if you wish) and test the platform. If things go well, consider upgrading. That’s often a more balanced approach than diving straight into a high deposit with complex bonus obligations.

Deposits and Withdrawals

RaceOption accommodates an international audience by offering a diverse suite of payment options: bank cards, e-wallets, and cryptocurrencies. Withdrawals typically must be made via the same method used for deposits (up to the amount of the deposit), with profits going to alternative methods on request.

Deposit Methods:

• Bank Cards: Visa, MasterCard, Maestro, Mir (for Russia), UnionPay (for China), JCB—essentially most major providers. Deposits are usually instant, with 0% broker commission.
• E-wallets: Skrill, Neteller, Perfect Money, WebMoney, Qiwi, Moneta.ru, Giropay, and more, depending on your region (e.g., Sofort or Giropay in Europe, Boleto or FasaPay in Latin America). RaceOption supports a wide variety to simplify global transactions.
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, Tether (USDT), Dash, and dozens of altcoins. You send crypto to the broker’s wallet address, and the platform credits your account in USD based on current conversion rates. Crypto payments are often faster and more universal, bypassing regional banking restrictions.
• Bank Wire: For larger sums, you can wire transfer funds. It’s slower (a few business days) and may incur bank intermediary fees. RaceOption doesn’t emphasize this method, but it’s available upon request.

Account Currency and Conversion

When registering, you can select your base currency: USD, EUR, GBP, RUB, AUD, CAD, BTC, etc. It’s best to fund the account in the same currency to avoid currency exchange fees. For instance, if your account is in USD but you deposit with a RUB credit card, your bank will convert the funds using their exchange rate. If you deposit crypto, RaceOption will convert it into USD at an internal rate.

Minimum deposit is $50 (or equivalent in another currency, like ~₽18,000 or 0.01 BTC depending on the price). This is comparatively higher than some rivals who let you start with $10 or $5. RaceOption likely aims for more serious, higher-volume traders.

Deposit Procedure

After signing up and logging in, click “Deposit.” Select your preferred method, enter the amount, and proceed to the secure payment gateway (e.g., your card processor or Skrill). Funds are usually credited instantly or within a few minutes. In rare cases, especially for large sums or cross-border transactions, the security team might request additional verification such as a card scan or ID.

Withdrawals

To withdraw your earnings, submit a request in the “Withdraw” section. The broker states that they process withdrawals within 1 hour if your account is verified and all bonus conditions are met. In practice, the speed of receiving funds depends on the method used:

• E-wallets: typically same-day or within hours.
• Crypto wallets: often within 1–2 hours, pending blockchain confirmations.
• Bank cards: may take 1–3 business days to appear, depending on your card issuer (sometimes just a few hours if you’re lucky).
• Bank wire: usually 2–5 days.

Note that the minimum withdrawal is $50. If you have less than $50 on your account, you’ll need to reach that threshold before cashing out. RaceOption does not mention a maximum payout limit, implying you can withdraw any amount you desire.

The broker does not charge withdrawal fees; however, third-party entities might (e.g., WebMoney’s internal fees or bank wire charges). RaceOption says these external fees are “accounted for,” but in reality, it means you might still see a slight deduction from payment providers. Overall, most clients report minimal or no unexpected deductions, especially when using crypto or popular e-wallets.

Account Verification

Before your first withdrawal, RaceOption requires KYC (know-your-customer) checks. You need to upload a scan or clear photo of your ID/passport, a document proving your address (like a utility bill), plus a card image (if withdrawing to card) or a wallet screenshot (for e-wallets). Sometimes they also request a selfie with ID. This practice is standard to prevent fraud and money laundering. Verification typically takes up to one business day. It’s wise to complete this step early so your payout isn’t delayed.

Speed and Reliability of Withdrawals

A primary draw of RaceOption is reportedly rapid payouts. According to user feedback, many smaller withdrawals indeed arrive within hours. Bonus-related amounts are only available after meeting turnover conditions, which is standard for promotional credits.

Delays can happen if your verification is incomplete or if you request a particularly large withdrawal that triggers manual review. Bank holidays may also cause slowdowns. Although RaceOption advertises “one-hour guaranteed processing,” they do note that weekends and official holidays may extend actual delivery times. Crypto and e-wallet transactions generally complete more swiftly than bank card payouts.

Additional Considerations

• The broker may require that withdrawal be processed via your original deposit method (anti-money-laundering policy). If you deposited $300 with a Visa card, your first $300 in withdrawals typically goes back to that same Visa, and any profit beyond that can go to a different method.
• If your account has less than $0.01 and remains inactive for 90 days, the broker can close it and nullify the leftover balance (a nominal housekeeping policy).
• When withdrawing to a bank card, they may request further evidence of ownership (like a statement) if something seems irregular. Rare, but possible.
• If you have unworked bonuses or “risk-free” trades still in progress, those credits may be revoked upon withdrawal. Check the final payout carefully before confirming.

Payment summary: RaceOption provides a truly broad range of deposit and withdrawal methods, which is a huge plus. Zero broker fees and fast processing are attractive features. Experienced traders often prefer crypto or e-wallets to minimize bank delays and friction. On the whole, the broker’s payment system is competitive: it involves standard KYC steps, transparent conditions, and support staff who can assist if needed. Of course, one must remember the inherent risks tied to an offshore broker’s overall trustworthiness, but that’s a broader issue, not specific to their transaction methods.

Customer Support and Trader Education

RaceOption’s customer service is quite accessible, operating 24/7. Traders worldwide can reach out anytime. Available support channels include:

• Live Chat on the Website: Around the clock, typically replies within a minute. A unique feature is the video chat—there’s often a small window in the corner with a live feed of a support representative (often a friendly hostess). While these reps may have limited in-depth trading knowledge, they can handle general account or platform issues. It’s still an advantage to have a real person on video to assist promptly.
• Phone: The broker lists an international number, +18299476393, among others. Support is offered in English, Russian, and a few other languages. Phone support is best for urgent, complex queries where you need direct discussion.
• Email: Though the site does not prominently display an address, typically support@raceoption.com is used. It’s good for sending documents or detailed requests. Response times can vary from an hour to half a day.
• Contact Form: In the “Contact Us” section or within your account, you can submit a ticket, which is effectively an email. Replies come via your registered email address.
• Social Media: RaceOption is present on Twitter and Facebook, though updates are sparse. This isn’t a major support channel.
• FAQ: The site has a Frequently Asked Questions page covering topics like login errors, deposit issues, and so forth. This is often the quickest route for simple problems.

Language Availability

RaceOption advertises support in 20+ languages. The primary options are English, Russian, Spanish, Portuguese, French, Chinese, Thai, etc. The live video chat often features English- or Russian-speaking operators, but for other languages, they may use interpreters. In any case, English support is typically the most knowledgeable in technical details, while Russian is convenient for traders from CIS countries.

Quality of Support

Reviews vary. Many praise the friendly and polite nature of RaceOption’s staff, noting that straightforward issues (like withdrawals or navigation questions) are resolved quickly. However, for more complicated matters (e.g., disputes over bonus turnover or delayed withdrawals), support may provide scripted replies or redirect you to the “financial department” for further review. This is not unusual among brokers. A positive note is they do not aggressively spam or cold-call traders—unlike some less reputable firms. If you want a manager, you have one, but if you prefer independent trading, they won’t pester you constantly.

Trader Education

Unlike some major brokers, RaceOption does not have an expansive academy or training hub on its site. Nonetheless, there are some resources for clients:

• Within the user dashboard, you’ll find articles and e-books on trading basics, analysis methods, and risk management. Most are unlocked after you fund your account (especially Bronze/Silver tiers).
• Video lessons: a library of instructional videos on how binary options work, strategy fundamentals, using indicators, etc. They serve as a decent introduction.
• Daily analysis/news: the RaceOption website sometimes posts market overviews, though not particularly in-depth or frequent. The same applies to social media channels. Still, it’s some extra context on current market trends.
• One-on-one sessions: Silver and Gold account holders may access live webinars or direct manager consultations. The manager might give general strategy tips or discuss the latest events, though usually these are fairly high-level rather than advanced mentoring.

These materials are available in multiple languages. They can guide true beginners through fundamental terminologies and simple methods. However, for deep expertise, you’d likely need more thorough courses or outside educational resources.

Support for Beginners

RaceOption clearly aims to be newbie-friendly, given its user interface, promotions, and helpful staff. This can be beneficial, but new traders should be cautious about the lure of big deposit bonuses. While they might amplify capital initially, the accompanying turnover demands can become a trap. Ultimately, consistent success hinges on your understanding of market dynamics, not just quick incentives. The broker’s materials and demo mode can help you learn, but prudent risk management is essential.

Igor Lementov - Financial Expert and Analyst at Trading-Today.net