RaceOption Review – Yet Another Scam Binary Options Broker? Taking a Closer Look

If you love using TradingView charts, RaceOption might attract you. The platform offers Binary Options as well as CFDs and on top of that, it facilitates the crypto-lovers thanks to Bitcoin Cash, Bitcoin, Ripple, Dash, Ethereum, Litecoin and more…

RaceOption Broker Website Screenshot

RaceOption feels like a good choice for the expert traders who love to make full use of analytical tools and charts. The Cryptocurrency withdrawal options are simple but we’ll have to see if the procedure is even possible.

RaceOption scam complaints might tell another story. This is why we’re all set for this third-party review. The platform is just a year old and this is why things are still unclear and most of the review will be based on what the official website contains in itself.

RaceOption Review Summary

Cost: $250+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: RaceOption is yet another unlicensed & unregulated binary options broker which spells bad news right from the off. There is simply no way we would ever recommend trading with such a company. Plus on closer investigation it looks like a mere relaunch of Finrally (which was a scam previously forced to close) so we definitely advise steering clear of RaceOption. If you have already lost money though then keep reading to see how you can get it back.

Quick Navigation

Just in case you came here looking for some specific information only we have made your life easier by adding some links below which you can use to quickly navigate through our in-depth RaceOption review:

 

RaceOption Background

Race Projects Ltd. operates RaceOption and the Finance Group Corp owns the platform.

  • Year Established: October 2017
  • Operated By: Race Projects Ltd.
  • Owned By: Finance Group Corp.
  • Address: 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles.
  • Phone: +18299476393 , +442080685335 , +74997033774

The number of assets is encouraging. We have realized that the website mentions a long list but when we created an account, the actual number of assets reduced. The fact is that the platform offers just 4 stocks and there are no indices. It might have been the case of the unavailability of the markets at certain times.

The website contains a logo that reads “Regulated” but we have found that the platform is not regulated and the support team was reluctant to talk about this and asked us to contact the compliance department for further details.

RaceOption was launched in 2017 but initially, the website had zero traffic. It was in January 2018 when the website started attracting the visitors and it was impressive, i.e. 90k visitors a month; quite a number for a new introduction! But it didn’t achieve early success because 75% of these visitors came from the US and RaceOption doesn’t entertain the US citizens.

The features are limited but it doesn’t hurt the newbies. It is fairly simple yet effective. Yes, the experienced traders love to use the TradingView charts available on this platform. You can open a live account with a minimum deposit of 250 currency units.
We were disappointed to know that the website doesn’t offer an education section. No tutorials, no e-Books, and no market updates. The so-called education section has nothing more than FAQs.

We are convinced that RaceOption is identical to Finrally. Finrally is actually duplicate of Finpari. Both of these platforms have been exposed as scams. This is what disappointed us the most.

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Is RaceOption Regulated?

RaceOption is NOT regulated although the website contains a “Regulated” logo the support team doesn’t want to talk about licensing and the compliance department doesn’t provide any license number because they don’t actually have a license.

RaceOption Complaints

Nothing impressive is on offer! RaceOption is just another mediocre platform. Again, this platform is using beautiful girls as a part of its support team to engage the traders.

RaceOption just entered the market and this is why most of the world is unaware of this name. But we are seriously worried because this website is nothing more than a carbon copy of a couple of scams.

Yes, we do find a few complaints about the failed and pending withdrawals. The complainants have also provided the email thread as proof. Such complaints must not be overlooked.

RaceOption Withdrawal

The website states that RaceOption only requires a day to process the withdrawal via Credit Cards, Skrill, and Neteller. The bad news is that they only accept Visa Cards. And the surprising fact is that they don’t entertain wire transfer.

Is RaceOption a Scam?

RaceOption scam warnings are still not issued by the regulatory authorities but we are convinced that this platform is more on the Red side and lacks the essential Greens. Moreover, it is not regulated and the support team is unable to satisfy the traders in this regard. On top of that, we are convinced that RaceOption is an extension or rebirth of Finrally and Finpari. These alarming facts are enough to reject this platform at least for the time being.

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Our Verdict on RaceOption

Thumbs Down

There is nothing extraordinary to convince the traders. We are extremely disappointed to see the rebirth of Finrally. We are also disappointed to see the seriously misleading marketing tactics. RaceOption is a possible scam. Stay alert!

RaceOption Scam Victim? Get Your Money Back

It’s safe to say that we certainly had our doubts about RaceOption when we originally published our review however since then we have come across MANY reviews on third party websites in which people are claiming to have fallen victim to the RaceOption scam.

Some mentioned that they had lost tens of thousands of dollars – but thankfully there is some light at the end of the tunnel as we have put together a free step-by-step money reclaim guide which shows you exactly how you can get your money back from a binary options scam.

So if you too feel you have been scammed by RaceOption then be sure to check out our free guide as since its launch in 2018 it has helped thousands of people to successfully recover their lost funds that they couldn’t withdraw.

You can get access to the guide right now by clicking here (and once again it’s entirely free).

A Much Safer Way To Make Good Money Online

Trading sucks, even with the most legitimate of brokers – that’s our opinion here at Stopping Scammers. We believe that the chances of you losing money are just WAY too high, and nowadays there are several other great ways that you can legitimately make money online without involving that high level of risk.

Whilst carrying out our investigations into make-money opportunities it’s safe to say that the majority have been scams, but a small portion of them have been legitimate & some of them we’ve actually rated as being excellent.

However out of all of the legitimate opportunities we’ve come across there has been 1 in particular that has stood out from all of the rest & as a result we have named it our number 1 recommendation for working from home.

So if you’re still looking to make extra money (without risk) then be sure to check out our number 1 recommendation below:

About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

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