Company Summary
| Aspect | Information |
|---|---|
| Registered Country/Area | Marshall Islands |
| Founded Year | 1-2 years |
| Company Name | Raceoption |
| Regulation | Unregulated |
| Demo Account | Available |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:200 |
| Spreads | Variable |
| Trading Platforms | Mobile App and Proprietary platform |
| Customer Support | Live Chats, Contact Form, and Calls. |
Introduction
Raceoption is an online trading platform known for its user-friendly interface. With multiple features and major concerns of lack of information, it is important to understand the legitimacy of the platform. In this review, we will be discussing the key aspects of the platform, its services, and regulations that will help you choose whether to trust or not.
Raceoption Overview
Raceoption is an online trading broker that offers multiple trading products and advanced trading platforms that help provide a seamless trading experience. The platform offers segregated accounts and is SSL-certified.
However, the platform is not regulated by any financial authority. This raises concerns that need to be addressed.
Trading Instruments
Trading products are the key to any trading platform. The assets allow traders to step into the global market and invest in different products. At Raceoptions, it gets difficult to choose. The platform has no clear information about the types of assets you can trade in. This way, it gets difficult to choose the products that align with your goals.
However, once you have created your account, you can check for the assets and there is a chance that your preferred asset is not even on the platform.
Withdrawals and Deposits
The platform offers traders instant deposits and faster withdrawals. The platform offers transactions through cards and cryptocurrencies.
This makes it a little difficult for a lot of traders to transact on the platform. Also, the platform charges up to a 5% transfer fee for the card payment.
Account Types
The platform offers three major types of accounts with different features and trading goals. this makes it easier for trader their preferred trading account.
Bronze Account
This account type is perfect for traders with basic or no trading experience. These accounts require 250 US dollars as the minimum deposit. The platform offers a 20 percent bonus.
Silver Account
These accounts require over 1000 US dollars of minimum deposits. Traders get access to web sessions and also 3 risk-free trades. The platform offers around a 50 percent bonus.
Gold Account
These are premium trading accounts designed for traders with high-level experience. The platform has a minimum deposit of 3000 US Dollars. The traders also get access to a personal success manager.
Apart from the accounts, the platform also offers a provision for demo accounts. These demo accounts are created to practice trading with virtual funds. This reduces the risks of losing real funds for beginners.
