Checking out the profiles of different brokers should be the first step whenever you are looking for any financial intermediary. However, you should always make sure that the information you’re using is new and not outdated. That’s exactly why analysts frequently review the most popular brokers and update their profiles. In this Traders Union article, you can get an updated profile of Raceoption, a well-known binary broker. And we’re going to present to you the most interesting highlights of that article.
Raceoption has managed to become a quite well-respected brand on the binary options market. It has many CFDs and options for all kinds of assets, including about 25 currency pairs, a selection of major stocks from different markets, a variety of indices, commodities, and even some cryptocurrencies (but the choice is still somewhat poor).
Regulation and reviews
The company was founded in 2017, and it currently works across many countries: it’s especially liked in Mexico, Germany, Brazil, and Nigeria. The broker is headquartered in the Marshall Islands, and it is not regulated by any reputable financial organization. But it still seems to be perfectly legit: thousands of active traders use it to access financial markets every day. According to the Raceoption profile, the daily performance of the platform can be around 150,00 processed orders.
While the fact that Raceoption isn’t particularly well-regulated might have just made you question if it’s actually suitable for your investments, it remains legit. Dozens of real reviews online praise its passive income options, reliable customer support, flexible withdrawals, and nice trading conditions. Beginner traders might also benefit from the free educational materials offered by the broker. If something goes wrong, you can always contact the company via phone call or live chat.
Raceoption features a proprietary trading platform with leverage rates of up to 500:1, but you can use the broker’s novice-friendly app as well. It features several account types, including a demo account a novice trader can use to gain some experience in a risk-free environment. After you gain experience, it is recommended to use binary free signals, which will help you increase your deposit. The broker also has its own copy trading service that can be turned into a stable source of passive income. The minimum deposit is pretty high: you need $250 to trade, but that is actually not a problem: according to Traders Union surveys, traders can quickly return their initial investments with this broker.