Raceoption is the newest broker registered and headquartered in Seychelles. This company is Race Projects Ltd. It is operated by (Registration Number 114612) and has a registered office at 306 Victoria Albert Street Premier Building in Maye, Seychelles, on behalf of FGC, acting on behalf of FGC. This broker is not regulated on CySEC or FCA.
Important facts:
Minimum deposit of $250
: 85%
demonstration: Yes-
regulations: Seychelles
bonus: 100% deposit match bonus on first deposit
Trading Platform
The platform feels familiar. There is nothing that sets you apart from the competition. Even so, it supports simple forex and CFD in a way that is suitable for beginners as well as experienced traders as well as binary options trading.
Binary options exist in three types: Turbo, short term and long term. With turbo options, you’ll find ultra-short bursts of 30, 60 and 120 seconds. Short or daily is the expiration date of the trade and long term is the expiration date of tomorrow, next week, next week, end of the month, and so on.
Demo account
The demo account is only available after the deposit is completed. It’s a number that means the merchant can’t “try before you buy.” We hope that this brand can deposit demo accounts without deposit in the future.
Cryptocurrency Pair
The list of assets is extensive, but like many with similar listings, only a handful of things are visible. They own assets in all four categories, including forex, commodities, stocks and indices. The CFD part of the platform wants a wider variety of crypto trading, but the forex list also contains a simple few cryptocurrencies.
The platform is very simple to use and will not be difficult to deceive traders with its many offers and additional features. There is a list of assets on the left, a trading card / screen in the middle and an order area on the right. Simply call or call, enter the transaction amount, select Expiry and press Enter. It’s easy.
There are several additional tools for traders, including roll and sell functions. This allows traders to add time to existing trades or sell out (for extra cost) for calculation of profit or loss. The only downside is how simple the platform is. This chart is not what I would call advanced and does not contain the tools and indicators that serious traders need. Of course, most binary traders don’t care because they use other charting software like MT4.
Deposit and withdrawal
Deposits are very easy and can be made via credit card, bank transfer, electronic wallet or cryptocurrency. The site supports the payment of BTC, ETH, LTC and other commonly traded tokens. Deposits can be made almost instantly, except in the case of wires, which can take up to a week to process.
The minimum withdrawal is $50 and there is no fee. Your request will be processed within 1 hour and paid as soon as each method allows. Ewallets (Skrill, Neteller, etc.) and cryptocurrency are the fastest ways and can be returned to your account on the same day.
Important Turnover Terms
The downside here is that there is a turnover requirement for the account with or without the bonus. Accounts that do not receive the bonus must trade an amount equal to 100% of the deposit before the withdrawal, and accounts with bonuses must amount to 300% of the deposit to withdraw funds and profits.
