RaceOption is a binary options broker: full review, registration, trading and honest reviews about the broker
RaceOption is a binary options broker: full review, registration, trading and honest reviews about the broker
RaceOption is a binary options broker that allows you to register and conduct transactions from anywhere in the world. It was founded in 2014 and immediately gained popularity; since the start of work, the number of daily transactions (one of the indicators of reliability) has only been growing. Let's take a closer look at whether everything is as good as it seems at first glance.
Contents:
- Registration with binary options broker RaceOption - official website https://raceoption.com
- Verifying your account with the RaceOption binary options broker
- How to top up your account with the RaceOption broker
- Description and main menu of the RaceOption binary options broker platform
- Trading tools and how to trade with RaceOption binary options broker
- How to withdraw money from your RaceOption broker account
- Affiliate program of binary option broker RaceOption
- Pros and cons of binary options broker RaceOption
- Reviews of binary options broker RaceOption
And so, let's go in order, starting with registration:
Registration with the binary options broker RaceOption - official website https://raceoption.com
To start registering, you need to go to the official website of the RaceOption broker - https://raceoption.com
Registering is quite simple and takes no more than 2 minutes. Enter your email, password, first name, last name and mobile phone number. Next, you need to select the currency of your account, click to agree to the terms of work with the broker and “Next”
After registration, you are taken to the main page, where all your account management and trading takes place
Verifying your account with the RaceOption binary options broker
For full access to all the capabilities of the broker, and most importantly, to withdraw your winnings, you must undergo verification. Click on the “man” icon located on the right of the screen.
Next, click on the verification icon and get started
Enter date of birth
Select the type of identification document, then you will need to upload its photo
Upload a photo of the front side of the document
Taking a selfie with a document
Verification lasts up to 60 minutes, quite quickly, which is good news. A notification will be sent after verification.
How to top up your account with the RaceOption broker
Funding your account with the RaceOption broker is not difficult and is completed quite quickly, immediately after the broker receives confirmation from the payment system. The speed of replenishment depends on the method, but it always happens quite quickly, the maximum waiting time for funds to arrive is up to 1 hour. The minimum deposit amount to start trading is $250, after replenishment you will receive a 20% bonus. When replenishing from $1000 +50% bonus, from $3000 +100%.
Click on the person icon (as in verification), click top up balance and select a payment method, you can top up your balance using:
- VISA/Mastercard bank card
- Electronic wallet Changelly, Paybis
- Cryptocurrency Bitcoin, Ethereum, Litecoin, Altcoins
Description and main menu of the RaceOption binary options broker platform
The middle of the screen is occupied by the chart of the currency pair you have chosen, to the left of it is the main menu, I’ll tell you a little about each.
My trades
Here you can track currently open orders
TurboSavings
TurboSavings is an easy way to earn passive income. You invest your net balance and receive daily returns based on available APY and options trading turnover over the last 30 days.
APY means annual percentage return. This is a way to measure how much money you can make from a deposit or investment over the course of a year. APY helps you understand how much money you can make from your savings or investments over time. When comparing different options, it's important to consider APY to find the best way to grow your money.
Once you turn on TurboSavings, your net balance becomes an investment that generates daily income based on the APY percentage, which can be set to Flexible or Fixed, but you cannot withdraw funds while this feature is active.
Copy Trading
Copy Trading is an opportunity to follow the 10 most profitable traders for 30 days and copy their transactions. To do this, select a successful broker and opposite him in the Trade Size column, indicate the amount of the transaction that exactly repeats it and click Copy. Done, you copied the deal, don’t be 100% sure that the deal will be successful, sometimes the most experienced ones make mistakes too. The main thing is to be in the black over the long haul.
Live trades
This section shows the most successful transactions in real time; they are literally updated every second
The LiveTrades feature allows you to view and copy all active trades from the top 10 traders list. You can find information about the asset, time period and amount of investment they use for each trade. Once you confirm copying one trade, you will repeat all option trades opened by the selected trader. If you do not want to copy all the trader’s transactions, create the same transactions manually. Each trade will be opened using your account balance with the specified trade size.
Trading contest
As you may have guessed, this is a trading competition for the title of the best trader on the RaceOption platform. The tournament takes place every week. Each participant registered with the broker automatically participates in the tournament. Places are distributed depending on the number of transactions in 1 week; whoever has the most wins. The time of the competition is determined by the start and end dates.
The prize fund is $20,000 and is divided between the first 3 places. The rest receive valuable prizes and bonuses.
Market analysis
This is an automated technical analysis of the pair. It works like this - you select a pair, the time of the transaction and the arrow on the board gives advice on the transaction. This is a great help, but don't think you've unlocked the Grail of options trading, this is just advice from a robot.
Help Center
Quite detailed instructions for using the broker, here you can find the answer to any question. In the search bar you can enter a question you are interested in and get an answer to it
Trading stats
This contains all your account statistics - total number of trades, turnover, profit and $ wins. At the top you can select the period for displaying account information.
Marketplace
Here you can purchase various bonuses for a certain fee, for example, “Rollovers” - extending your transaction 100% of the time. “Bonus” - for example, for $5 you will receive $20 to your trading account. (offers are individual). “Mistery Boxes” is a closed box, after purchase you can receive valuable prizes and bonuses.
Invite a friend
The RaceOption binary options broker also has a referral program, we will talk about it below.
Live chat
Online chat to contact your personal manager.
Trading tools and how to trade with the RaceOption binary options broker
In its arsenal, the broker has a pretty good option of assets for trading:
- Currencies (more than 45 currency pairs)
- Cryptocurrencies (13 cryptocurrencies)
- Commodities
- Indices
After registration and verification, we proceed to the most interesting part, directly to trading:
- First, select the type of asset and trading pair/ Please note, as in any other binary options broker, the amount of winnings in case of victory depends on the selected asset
- Next, select the time for which we want to open a deal
- Indicate the transaction amount
- And select the direction of price movement “UP” or “DOWN”
The transaction was opened manually.
As I said above, you can take advantage of the Copy Trading, Live trades and Market analysis functions available to everyone, which can help in making transactions, and in some cases even do them for you. But remember, all responsibility for the transactions made lies with you, so carefully analyze each transaction.
How to withdraw money from RaceOption broker account
To withdraw funds from your personal account, verification will be required, so I advise you to go through it immediately after registration.
RaceOption binary options broker processes all withdrawal requests within 1 hour. The broker does not charge any interest for withdrawals. The minimum withdrawal amount is $20.
To withdraw funds, click on the familiar “man” sign in the right corner and select “withdraw funds”
To withdraw money, enter the required amount, select a convenient withdrawal method and click withdraw. Income withdrawal is also available there, this is passive income from TurboSavings (read about this type of earnings above)
Affiliate program of binary option broker RaceOption
An important advantage of this broker is the presence of an affiliate program. What is this? This is an opportunity for passive income by attracting clients to this exchange. RaceOption pays 20% of deposits of attracted clients.
In the main menu, select “invite a friend” and copy the link with your referral code. People registered using your link will be your referrals and when they replenish their balance, you will be credited with real money to your account.
Pros and cons of binary options broker RaceOption
Let's consider the advantages and disadvantages of the broker.
Let's start with the pros:
- good selection of active pairs for trading
- convenient trading time
- registration and trading are possible from anywhere in the world
- good reviews and customer trust
- access to copy-trade
- 24-hour customer support (after registration, your personal manager from the USA will call you and speak your language, which is important)
- bonuses, gifts and risk-free deals
- quick withdrawal
- minimum withdrawal amount 20$
- bonus for the first deposit $250 - 20%, from $1000 +50%, from $3000 +100%
Disadvantages of the broker:
- the minimum deposit to start trading is $250, I think this is a fairly high threshold
- to gain access to a demo account you need to top up your balance
I believe that the RaceOption binary options broker is a worthy trading platform that offers its clients favorable conditions and additional pleasant features and bonuses. If you are ready to replenish your account with $250, and you have at least a little trading experience, you have a great chance of starting to earn money here.
Reviews of binary options broker RaceOption
Despite the shortcomings of the RaceOption broker, customer reviews are mostly positive:
Reviews and comments