Raceoption Broker Review
Raceoption is a binary options and CFD broker offering trading with a minimum deposit of $250 and payouts up to 95%. Explore its features, pros, and cons for traders.
Our Rating
Min. Deposit
$250
Max. Payout
Up to 95%
Demo Account
After Deposit
Regulation
None
Minimum deposit of $250 required to open an account
Pros
Fast Withdrawals
Withdrawal processing within 1 hour for cryptocurrencies and e-wallets.
Trade Copying
Copy trading feature available for beginners on all account types.
Wide Asset Selection
Over 100 CFDs and binary options, including Forex, stocks, and cryptocurrencies.
Bonuses and Promotions
Up to 100% deposit bonuses and weekly trading contests.
Cons
Lack of Regulation
Not regulated by major financial authorities, increasing risk.
Withdrawal Restrictions
Requires 3x deposit turnover to avoid a 20% withdrawal fee.
High Minimum Deposit
$250 is above average for binary options brokers.
Limited Educational Resources
Lacks webinars and in-depth training materials.
In-Depth Raceoption Review
Regulation and Security
Established in 2017, Raceoption is operated by Makerun Corp and registered in the Marshall Islands. It lacks regulation from major financial authorities like CySEC or FCA, posing a significant risk. The platform employs SSL encryption and 3D-secure for transaction protection, but the absence of two-factor authentication and regulation lowers trust. Traders should exercise caution and review terms carefully before trading.
Trading Assets
Raceoption offers access to over 100 CFDs and binary options, including:
Currencies (Forex)
EUR/USD, GBP/JPY, and more
Cryptocurrencies
BTC, ETH, USDT, and more
Stocks
AAPL, TSLA, and more
Commodities & Indices
Gold, NASDAQ, and more
Binary options are available in three types: Turbo (30–120 sec.), Intraday, and Long-term. Trading is available 24/7, including weekends for cryptocurrencies.
Trader’s Toolkit
Platform Type: Proprietary web platform, accessible via browser, desktop, and mobile apps (iOS, Android).
Charts and Analysis: Interactive charts, candlestick patterns, basic indicators (RSI, MACD). No support for MetaTrader 4/5.
Unique Features: Trade Copying allows beginners to replicate strategies of experienced traders. Trading contests with prize pools up to $20,000 are available.
Mobile App: Fully functional app with fast order execution and access to trade history.
Fee Breakdown: Analyzing Costs and Payouts
Raceoption charges no fees for deposits or account maintenance, but applies a 5% fee for Visa withdrawals and a $10/month inactivity fee. A 3x deposit turnover is required to avoid a 20% withdrawal fee.
| Fee Type | Rate/Cost | Conditions/Notes | Our Assessment |
|---|---|---|---|
| Deposit Fee | 0% | Applies to all methods, excluding third-party fees. | Low |
| Withdrawal Fee (Visa) | 5% | For Visa cards; other methods are fee-free. | Moderate |
| Withdrawal Fee (No Turnover) | 20% | Applied if 3x deposit turnover is not met. | High |
| Spreads | From 1 pip | Floating spreads for CFDs. | Low |
| CFD Commission (Crypto) | 1–5% | 1–2.5% without leverage, up to 5% with leverage. | Moderate |
| Overnight (Swap) | 0.07% | Based on the nominal value of the position. | Moderate |
| Inactivity Fee | $10/month | Charged if no trades are made for a month. | High |
Fee Summary: Raceoption offers competitive spreads and no deposit fees, but high withdrawal fees without turnover and inactivity charges can be a drawback for passive traders.
Fund Transactions: Deposits and Withdrawals
Raceoption supports various deposit methods, including cards, cryptocurrencies, and e-wallets. Withdrawals are limited to Bitcoin and Tether (TRC-20) with a minimum of $50.
| Method | Deposit | Withdrawal | Broker Fees | Min. Deposit | Min. Withdrawal |
|---|---|---|---|---|---|
| Visa/Mastercard | 5% (withdrawal) | $250 | - | ||
| Cryptocurrencies (BTC, USDT TRC-20) | 0% | $250 | $50 | ||
| E-wallets (Skrill, Neteller) | 0% | $250 | - | ||
| Bank Transfer | 0% | $250 | - |
Note: Withdrawals are processed within 1 hour but require a 3x deposit turnover to avoid a 20% fee. Bank transfers may take 2–5 days.
Our Verdict
Raceoption is a suitable choice for traders seeking binary options and CFDs with trade copying and fast withdrawals. However, the lack of regulation, high minimum deposit, and strict withdrawal conditions require caution. We recommend testing the platform via a demo account after depositing.
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