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RaceOption has a rating of 1.6 stars from 35 reviews, indicating that most customers are generally dissatisfied with their purchases. RaceOption ranks 113th among Brokerage sites.
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I've never dealt with anything this chaotic before. After successfully trading and earning profits, my withdrawal was suddenly denied due to an alleged violation of their risk management rules. Shortly after, my account holding 105k$ was completely blocked. Their support team offered no real assistance and consistently avoided taking responsibility for the issue. After two weeks of trying to resolve the problem on my own, I filed a report with the (FIU) authorities. They directed me to Nordevamber. COM, who reviewed all the evidence I provided and ultimately helped me recover my funds.
Exercise extreme caution when considering RaceOption as a potential trading platform. My personal experience was marred by suspicious practices and blatant disregard for customer funds. Despite successfully completing all necessary verification steps, my withdrawal request was met with an abrupt account suspension. The justification for this action remained unclear, with the operator providing only vague assurances that my request was being processed.
In reality, this proved to be a stalling tactic, with my account remaining suspended for an indefinite period. Raceoption is a complete scam...
UPDATE:
Luckily, I recently managed to get my money back from them with the help of "JUDILANCE GLOBAL" a professional recovery agency that specializes in helping victims get their money back from fraudulent companies. Thankfully, I was able to extricate myself from this dire situation. If you've also been scammed and need help, reach out to this recovery agency. You can find their website on google.
Has liquidated all my open positions without reason. I have filed a complaint with them.
They confirmed that the liquidation was handled incorrectly and offered me compensation of only 1.6% of my losses. Stay away from this broker! I was lucky enough to get my money back with the help of GAARD.IO I got my refund with their help
Run away from RACEOPTION as fast as humanly possible. It doesn't matter what you deposit, what you make, etc. You will never ever see a single dime of your money once you transfer it to them, I can promise you that. If anyone is looking for evidence of this, reply and I will send you the list of emails I have dating back to June of 2023. They stole 7500 dollars from me and I have never seen a single penny of it.
Their platform promises attractive returns, but it's all smoke and mirrors.
I strongly advise against getting involved with RaceOption, as my experience suggests they are operating as a scam. Be cautious, as engaging with them could lead to financial loss and other negative outcomes. I was able to recover my money, but it was only possible through external assistance. (I used their website URL as my display name and profile picture on this review in case anyone needs help or wants to reach out for support).
Note: Due to the strict policy here, I'm sharing this purely to help others recover their funds.
Maybe I need some time to fully understand the platform. However, I appreciate the variety of trading markets. Also I significantly increased the profitability of my portfolio.
I have been requesting for withdrawals countless times, each time I try they will find an excuse, they come back to say I should cancel the withdrawal or reduce the amount and process another one, such frustrations yet they refuse to pay. I got tired of it and when after I tried logging in again their website was not functioning.My loss and withdrawal issues has been resolved and my money returned, my email is on my profile write me i am willing to share helpful tips about my procedures.
Withdrawals processed within 60 minutes are more than a promise; they're a reality, reinforcing trust in the platform alongside access to diverse trading markets. The user-friendly interface facilitates efficient trade management, while copy trading enhances learning.
Excels in swift withdrawals, promising to initiate them within an hour, a commitment they consistently fulfill. This reliability assures traders like me that funds are readily accessible. Instant deposits further enable quick response to market shifts,crucial for active trading.
RaceOption has revolutionized my trading experience with its fast deposits and withdrawals. This enhances trading fluidity, ensuring my funds aren't held up by slow processing. The user-friendly interface makes navigation effortless, catering to both beginners and experienced traders. Yet, the absence of MetaTrader 4/5 limits detailed strategy formulation, a drawback for analytically-driven traders like myself.
I got tired of their endless excuses, i realized they are never going to payout. I did everything they asked of me because of my withdrawal but i was still ignored after everything. They are liars and cheaters and will do anything to make you lose all your deposits. Many people are seriously out of pocket because of them including myself until recently, i got withdrawal assistance with a team of skilled investigators and my case was easily resolved. Withdrawal is easy and possible i have proofs, my email is on my profile message me.
For any casual investor just looking to slowly build up their portfolio and net worth, I can't recommend this broker enough. The ability to copy the trades of experienced investors is such a valuable learning tool. It's helped me steadily grow my account balance without taking on too much risk while I get more experience under my belt. And it's so easy to fund trades instantly and withdraw profits quickly, thanks to the speedy banking systems in place. My only gripe is not having the MetaTrader platform available, but the simple interface works perfectly fine for my needs.
I've been using this broker for a few months now and I'm continually impressed at how smoothly everything operates. Being able to trade nearly any asset class on one streamlined platform is so convenient. And the customer support has been stellar anytime I've had a random question. But what really sets them apart are the crazy fast withdrawal times - I've legitimately had money hit my bank within the hour on multiple occasions, which is just insane! The fact that this broker is not available in the US is a bummer, but not a dealbreaker by any means. It's a well-oiled trading platform overall.
They only give excuses and never give your money back. You can put pressure on them to give money and they will only give you more excuses. All lies. Biggest disappointment and I'm lucky it wasn't thousands of dollars. I know better now! Unregulated brokers are a rip off and buyer beware. Kept asking me to prove who I was and then they closed my account after I did. Con artist.
They never let you withdrawal your money and my funds only keep getting lower over the one year of attempting to withdrawal. They just keep giving excuses of why I can't withdrawal at the moment.
A $#*!ing Scam & Needs to Be Banned Entirely! Do not use this broker they will take from you! Stay away!
It is a scam. They dont allow you to withdraw any of your money and customer support is usefull. Stay as far away as possible
The process was so fast that i didn't notice it was a scam. I was rushed into making series of payment but when my scheduled payout was due, my account manager disappeared and stopped responding to my messages. I contacted support but they required further payments to authorise withdrawal. Thankfully my daughter suggested a company with trained private investigators and data analytics which were able to track the payments i made and get my money back. Do not hesitate to contact them with the details below if you are having similar problem.
Company Name: Affinity Intell
Email: *******@affinityintell.com
This Broker Is The Example Of A Scam Broker. Also They Are Videforex Partner Is Well, Yes They Will Allow You To Deposit All Day Long, But That's Absolutely It. Their Platform Is Manipulated To Where You Can Be Winning A Trade For The Entire Expiry Time And All Of Sudden A Huge Long Line Takes Out Your Trade In The Last 10 Seconds (See Picture Below). If You Are Able To Call Some Some Good Trades And Start Building The Account Now They Will Manipulate Your Strike Rate 40 to 50 Points Above Or Below Where You Wanted To Enter, There's So Much I Can't Cover It All. TRUST ME JUST STAY AWAY SAVE YOUR MONEY AND WAIT UNTIL A LEGITIMATE BINARY OPTION BROKER ARRIVES SOON. POCKETOPTION IS OK
I put in just under $1,600 and they matched me at 110%. I have over $2,200 left and they are saying I have a $0 balance. I should be able to get back $500 give out take a little bit but they are keeping my money. When I first opened an account I used their savings plan with my money and they would only allow what I physically put in and out was locked up for a month. They didn't give me any of the interest I was supposed to earn. This site is a scam. When you follow traders it doesn't let you follow until they are halfway done, even when you start it right after them, so your option trading starts at a different point then the person you are following so most of the time you lose.
Answer: After trading binaries with Raceoption for many months, I'm confident their secure platform and service uphold reputability. Their mobile and web apps enable robust technical analysis for pre-trade evaluations with real-time pricing across stocks, forex, cryptocurrencies, and indices offered by top-tier liquidity partners. Through ecrypted protocols safeguarding login details and client funds, plus attentive 24/7 multilingual support, Raceoption prioritizes user protection essential for sustainable trading. For transparency and care in upholding functionality, Raceoption has earned my recommendation.
Answer: In my experience, order execution with Raceoption is super fast and reliable. I'm a day trader, so I must get in and out of positions rapidly. No matter how volatile the market is or what asset I'm trading, Raceoption's platform executes my orders right away. I've never experienced lags, even during big news events when prices are fluctuating widely. Raceoption seems to prioritize fast execution, which is crucial for short-term traders like myself.