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Raceoption who works on behalf of the financial company FGC (Finance Group Corp.), who are themselves licensed to carry out such activities. Since 2014, the broker has been successfully reaching traders. The reason for its success seems to lie in its unique services and advanced features.
The company offers an advanced trading platform. And yet you may be asking: is Raceoption a scam or is it a decent broker for the European trader? This question is answered in today’s detailed review. The first thing you should pay attention to is the platform – simple and convenient, with all the functionality necessary for comfortable work. There are no extra buttons and actions, and the fast operation of the system allows you to trade efficiently.
Having begun with the successful conquest of the Asian and Australian financial markets, today Raceoption is known all over the world. It offers one of the best trading services and employs a variety of features to help make clients happy, including bonuses, contests, tutorials, the copying of the transactions of successful traders, opportunities for deposit and withdrawal, and a wide list of assets. Also, you can try out their services with a free demo account.
It’s worth noting that the company follows modern trends. The website is available in several languages, including English, and the web platform works well in all popular browsers and has a mobile version that allows you to trade at any time.
All of this testifies to the fact that the broker is not only trying to find its own niche in the market, but also offers a truly thoughtful service for trading, which wouldn’t be possible if they weren’t legitimate. If you have questions, they have a 24/7 support service that is reachable by live chat in the web browser, e-mail, or phone. It is also striking how dynamic and well-organized the work with market players is: it is almost the only broker that guarantees withdrawals in record time – within an hour. Trading on the platform is possible around the clock and even on weekends.
Since the broker works with traders around the world, it offers an expanded selection of deposit and withdrawal methods: VISA, VISA DEBIT, VISA ELECTRON, mastercard, Bitcoin, Maestro, Perfect Money, Bank wire transfers, QIWI, Webmoney, Neteller, and Skrill. This number of payment systems allows the company to make a guaranteed withdrawal within an hour.
To deposit money, you need to register with the broker and then go through a verification procedure. That they require verification is another point that helps to show Raceoption is a reliable broker. After the funds are transferred, they are immediately displayed on the account, allowing you to begin trading at once. Trading is possible with different currencies; you can choose from USD, RUB, EUR and GBP.
While the broker is relatively young, the fact that there are no online reviews from European traders is alarming. Also, the fact that all of the broker’s trading terms and conditions are in English limits the possibilities of a non-English-speaking audience and also reduces our level of confidence.
There is no information about the license, which also affects the brand negatively, because the majority of serious traders work only with licensed brokers. If there are problems, you can always get help from the regulator. If Raceoption still aims to reach a large audience of European traders, it should seriously think about the quality of its website materials as a reliable brand identity.
Raceoption does not currently have online reviews. This, plus the absence of a license, prevents us from fully trusting the platform.
It’s worth noting the fact that the company offers opportunities for training, bonuses, and contests for its customers; some of the services are really unique (a convenient trading terminal, the ability to withdraw funds within an hour, round the clock trading), which characterizes it as a seriously tuned in broker and not a fly-by-night company.
Is it worth considering Raceoption a scam? At this stage of the company’s development, we suggest it is too early to draw such conclusions. If you decide to work with them you can help protect yourself by studying their rules and procedures, as well as by correctly structuring your work with your Personal Manager and passing a full verification in the system.
The official website does not provide information about the regulation of the broker. However, in the website’s materials, the section «User agreement» states that the company works on behalf of the financial company FGC (Finance Group Corp.), which has a license to carry out such activities. At the same time, there is no license number on the website or in the network, which reduces our confidence level.
Bonuses are available to every broker’s trader:
1) Accrual to the account. The amount of such bonus can reach up to 100% (depending on the deposit funds). This is the money that is available on the trading account; it can be traded. Conditions of working with bonuses should surely be discussed with the personal manager.
2) First 3 risk-free transactions (for «Silver» and «Gold» account holders). The bonus makes it possible, if the amount of the first three transactions is negative, to compensate for losses in the form of bonuses for and on behalf of the broker. To use the bonus, you should contact the account manager, who will inform you about the bonus amount and your opportunities.
Trading binary options broker Raceoption is quite a young company, has been gathering momentum, and has every opportunity to get high ratings from trading professionals. Already now the company provides unique services to its users, which indicates that the company is on the right path of development. The unique functions of the terminal, thoughtful bonuses, the possibility of training – all of this positively characterizes the broker, indicating a successful start and a correctly chosen path of development.
Aside from this, at the moment, it is unclear what the company’s relationship is with another, more famous broker – Finpari, from the official website of which the user automatically goes to the resource of Raceoption. Most likely, it is a change of brand, but there has not been any official statement from the broker.
And yet, it is now difficult for the trader to work and trust the service that does not have full information about the rules and its license. All this should be provided on the official website of the broker, if he plans to work seriously in Europe. One can only hope that the broker directly corrects the situation by keeping the pace of its successful start.
It is fair to note that Raceoption has not yet shown itself in full measure. Respectively, it’s too early to evaluate it as a reliable or fraudulent company. However, the reviews of traders we are waiting for can not only affect the broker’s ratings, but also warn about possible problems.