RaceOption Review 2022
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| RaceOption is a binary options and CFD platform offering trading contests and prize giveaways. | ||
RaceOption is broker that provides access to Binary Options, CFDs. Surprisingly, RaceOption does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, RaceOption has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
RaceOption also gives traders access to 1 cryptocurrencies: BTC.
Please note that RaceOption is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
RaceOption Summary
RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Ratings
| Bonus | None |
|---|---|
| Instruments | Binary Options, CFDs |
| Demo Account | ✓ |
| Min. Deposit | $250 |
| Min. Trade | $1 |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✓ |
| Islamic Account | ✗ |
CFD Trading
Go long and short on popular financial markets via the RaceOption platform
| Leverage | 1:100 |
|---|---|
| FTSE Spread | Floating |
| GBPUSD Spread | Floating |
| Oil Spread | Floating |
| Stocks Spread | Floating |
Forex Trading
Trade major and minor currency pairs with competitive leverage rates
| GBPUSD Spread | Floating |
|---|---|
| EURUSD Spread | Floating |
| EURGBP Spread | Floating |
| Assets | 25+ |
Cryptocurrency Trading
Trade Bitcoin against the USD and CNY
| Spread | Floating |
|---|---|
| Coins | BTC |
Binary Options Trading
RaceOption offers binary options on popular financial markets with payouts up to 90%
| Payout Percent | 60-90% |
|---|
Payment Methods
RaceOption accepts the following payment methods:
- Wire Transfer
- Credit Card
- Debit Card
- Bitcoin Payments
- Neteller
- Skrill
- Perfect Money
- Mastercard
- Visa
FAQ
Is RaceOption Safe?
In our review we gave RaceOption a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that RaceOption is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does RaceOption Accept PayPal?
No, RaceOption does not accept PayPal payments.
Is RaceOption Halal?
Probably not, as RaceOption does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is RaceOption Regulated in the UK?
No, RaceOption is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is RaceOption Regulated?
No, unfortunately RaceOption is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
RaceOption vs Other Brokers
If you want to compare RaceOption with other brokers, use the detailed comparisons below.
RaceOption vs |
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| RaceOption is a binary options and CFD platform offering trading contests and prize giveaways. | ||