When you are looking for a reliable broker for binary trading, you should always aim to learn as much as you can about every available company. That includes all the information about its history, security, regulation, and trading conditions. But you should take only the most recent data to avoid judging any broker by its past. In this Traders Union article, experts present to you the most recent version of what you should know about Raceoption, one of the leading binary brokers. Read on to get the most crucial facts.
What is Raceoption
Founded in 2017, Raceoption is an international broker that’s especially well-known as one of the best binary trading services. It features a wide selection of binary options and CFDs for numerous kinds of financial instruments, including more than 25 Forex pairs, about 50 major international stocks, indices, commodities, and even cryptocurrencies. However, the choice of available crypto instruments is rather poor: basically, you can only use BTC in your trades.
When it comes to the Raceoption profile, there is not much information available online. This broker is registered in the Marshall Islands, but it’s not regulated by any major financial authority. However, that doesn’t mean you shouldn’t trust this company: it provides stable access to financial markets for many thousands of traders from different parts of the world. Experts have estimated its performance to be at about 150,000 orders being processed every day.
If you’re still unsure whether you should trust this broker or not, you can just read reviews online. They seem to be mostly positive: both professionals and relatively inexperienced traders praise its features for making passive income, simple and flexible withdrawals, and pretty favorable trading conditions. A novice trader can also find a brief training program here that includes the basics of binary trading and explains how CFDs work.
Services and conditions
Raceoption offers its own proprietary platform for trading and a couple of available accounts, including a demo account that’s great for practice. It also has a built-in service for copy trading, so you can earn some passive income by copying expert traders’ actions. However, it seems that you currently need to invest at least $250 to open an account: according to Traders Union surveys, most other brokers don’t have such high deposit limits. But the fees are relatively low, and you can trade with leverage rates that reach 500:1.