One of the leading binary brokers, Raceoption is well-liked by many traders for its interesting choice of assets, favorable trading conditions, and relatively low commissions. However, according to Traders Union experts, many beginner traders are confused about how to actually start trading with the broker and how to withdraw their profits.
What is Raceoption
Founded in 2017, Raceoption is currently one of the most popular binary brokers in the world. It works in different countries and seems to be especially popular in Mexico, Portugal, Germany, and Brazil. It’s not regulated by any major authority, but most experts still consider it perfectly legit: traders receive all withdrawals without issues and report making notable profits. The broker is known for its great trading conditions for active traders, but it also has an effective copy trading service that allows you to look at what other traders are doing and repeat their actions on the market to make a profit.
Raceoption allows you to trade binary options for a wide range of available trading assets. The broker features 75+ international stocks of major companies (like Apple or Tesla), dozens of currency pairs, a variety of commodities, and 30+ indices. That means you can always find something suitable to trade, and you can use leverage rates of up to 500:1 to make even more profit. Raceoption requires just $10 to open an account here, and you can also start with a demo account if you want to practice with fake money first. Traders Union experts explain how to buy/sell on Raceoption and what you might need to start.
How to start trading
To start trading with Raceoption, you must sign up first. Go to the broker’s official website and click the Register button in the upper right corner. A form will appear, fill it with your personal information: you’ll need a valid phone number for verification. If you have a promo code, make sure to enter it, too. Click on the Next button and follow the instructions to submit the form. Once your account gets approved, it can be used for trading: just log in, choose the asset you want, and customize your options through a user-friendly dashboard. You can get more details about how to trade in this Traders Union article.