Raceoption review after which you will understand that this is a scam broker. Let’s pay attention to the Raceoption demo account, bonus promo code, minimum deposit, app and much more.

This is the fifth review of a scam company that makes similar trading platforms. Do not trust a review that claims this broker is reliable and secure.
RaceOption Total Score
Reliability & Safety
Trading platforms & Tools
Trading offers
Spreads & Commissions
Mobile app
Deposit & Withdrawal
Research & Education
Reviewer 0.1 / 5
Users (0 votes) {{ reviewsOverall }} / 5
Official sitehttps://raceoption.com
Related brokershttps://binarycent.com
Year of foundation2017
Regulated by
Trading instruments100+ assets
CFDs, Forex and binary options on currencies, commodities, crypto, indices, stocks
Average and maximum profitability of BO70%-80%, up to 95%
Most popularRaceoption in Trinidad and Tobago, Costa Rica, Panama, Puerto Rico, Colombia, Dominican Republic, Portugal, Nigeria, Ecuador, Peru, Venezuela, Chile, Spain, Mexico
Provision of services in the US, UK, Canada, European Economic Area The US
Min. trade size$ 1
Account typesBronze, Silver, Gold
Minimum deposit$ 250
Minimum withdrawal$ 50
Deposit & withdrawal methods3+
Payment Fees
Trading hours24/7
Trading platformsProprietary platform
Mobile App
DemoOnly after deposit
Copy Trading
BonusUp to 200%
Affiliate program
raceoption review scam broker

Raceoption is a scam broker that provides binary options, cfd and forex trading. This is another scam platform from Finance Group Corp like Binarymate, Binarycent, Finrally, Iqcent and Videforex (By clicking you will be taken to the reviews of these brokers).

Unfortunately, like BinaryCent, it is on the list of the best binary options brokers. Apparently the affiliate program pays well for its promotion.

race option binary options forex and cfd

Raceoption’s honest review cannot name this broker reliable and safe.

Just think: who will make 6 identical trading platforms and why? Because many understood about their scam and wrote about it. And each time they create a “new” platform.

Now let’s take a closer look at the signs of fraud.

RaceOption and Finance Group Corp

Now you may not review information that RaceOption belongs to the Finance Group Corp or Cent Projects Ltd. The website and the agreement indicate the company “Makerun Corp” (like broker Finrally). Nothing is known about this company at all and most likely it is fake.

From all their platforms (Binarycent, Binarymate, Finrally, Iqcent, Raceoption, Videforex), they removed information that they belong to Finance Group Corp. And this is done on purpose.

This happened due to the fact that some official resources (for example, FMA regulator) published a warning about FGC and CPL scam.

Raceoption owned by Financial Group Corp

Also, at the beginning of their work, the platforms accepted traders from the US. But then the CFTC (Commodity Futures Trading Commission) included Finance Group Corp and Cent Projects Ltd, as well as Binarycent and BinaryMate brokers, on the RED list.

Raceoption scam

And now they no longer provide services in the US.

In addition, about all the listed FGC brokers, you can find many reviews that they do not withdraw money.

Race option demo account, bonus promo code and minimum deposit

Raceoption offers Binary Options, Forex and CFD trading. When you visit the Raceoption website, a pop-up bonus appears again, just like the Binarycent and Iqcent brokers.

race options bonus promo code

Also, you will receive a bonus promo code by mail. Race Options has terrible bonus terms but many don’t read this. But they did not hide these conditions, they can be easily found on the site.

They are also trying to lure you by participating in the drawing of cash and material prizes. These prizes, of course, do not exist.

Raceoption does not provide a free demo account. To do this, they want you to make a minimum deposit of $ 250. Many scam brokers like to set a higher minimum deposit. And this is no exception. You will most likely not be able to withdraw your money and profits after that.

Not so long ago, Race Option changed the design of the site a little, because many began to notice a 100% similarity to Finrally.

raceoption demo account and minimum deposit
finrally review regulation

The trading platform and support video chat are the same as those of Finrally, Binarycent, Binarymate, Videforex and Iqcent. If you have inconvenient questions in the chat, you will be told to write to an email, where no one answers. The broker has no regulation. There is no trading app either.

As a result, the trading conditions are very bad, even if you do not know that it is a scam broker. A review of the trading platform is no longer needed here. The platform works in all countries except the US. This may be what attracts some traders (many brokers do not work in the European Economic Area, Canada and many other countries). Now many Latin American countries are interested in a broker.

The popularity among FGC platforms is about the same as that of Binarycent.

FGC company trends

Conclusion on the RaceOption review

As a result of the review, Raceoption is another scam broker owned by Finance Group Corp. In the review of brokers Binarycent, Binarymate, Finrally and Iqcent, you can also find evidence of this. Despite the fact that on some sites it occupies high positions in the ranking, this should not be believed.

Raceoption has very bad trading conditions: useless bonus, no free demo account, large minimum deposit, lack of regulation and application. Even this gives reason to choose another broker.

So, this broker is absolutely not suitable for online trading. You can try Olymp Trade for trading CFDs and Fixed Time Trades. You can review other reliable brokers here.

Is RaceOption regulated?

No, RaceOption is not regulated by any financial regulator. The broker does not provide services to US traders.

Is RaceOption safe or a scam broker?

RaceOption is a scam broker. Despite the fact that it occupies high positions in the ratings of some sites, the broker is not safe. It is one of 5 almost identical platforms (Raceoption, Binarycent, Binarymate, Finrally, Iqcent)

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