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RaceOption Review 2026

Written By

William Berg

Written By

William Berg

Head Legal Analyst & Securities Law Expert

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Edited By

James Barra

Edited By

James Barra

Head of Content and Media Lead

James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.

» James Barra Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

CEO and Head of Broker Testing Panel

Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of hundreds of trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.

» Tobias Robinson Profile Page

Updated

May 28, 2026

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Traders from United States accepted

New Customer Offer 100% Deposit Bonus

While RaceOption may offer a wide range of binary assets, notably US technology stocks and niche cryptos, we uncovered warnings from 5 trusted regulators and have read dozens of withdrawal complaints from other users, making it high-risk and unsafe for binary options traders.

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Customer Reviews

Minimum Deposit $250

Trading Platforms TradingView

Instruments Binary Options, CFDs

Regulators

Account Currencies USD, EUR, GBP, AUD, RUB

Payment Options Credit Card, Debit Card, Bitcoin Payments, Neteller, Mastercard, Visa, Ethereum Payments, American Express, Google Pay, Apple Pay

Pros

• The web-based platform doesn't need downloading, offers tick charts for day traders, and TradingView-powered charts that can be enabled in a click
• RaceOption claims to offer fee-free funding and near-instant deposits via bank cards and cryptos, though many user reviews suggest otherwise
• Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives, however testing shows these vary with market conditions

Cons

• RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues
• RaceOption has an absence of decent educational resources, making it a poor choice for beginner traders who must understand the risks of all-or-nothing contracts
• The $250 minimum deposit raises the entry barrier, especially compared to Deriv and Pocket Option who are more trusted and accept traders with less capital
• The web is full of scam warnings and complaints about RaceOption not paying out withdrawals, freezing accounts and being unhelpful or unresponsive on customer support

RaceOption is an offshore CFD and binary options broker. Established in 2017, it is owned and operated by Makerun Corp, and is based in the Marshall Islands. The online trading platform offers 100+ instruments with access to forex, indices, commodities and stocks. Our RaceOption.com review unpacks the trading experience, products, as well as key safety and regulatory issues that we discovered during testing.

WARNING: RaceOption is not regulated by a trusted financial body. It’s been the subject of multiple regulatory warnings, notably CNMV (Spain), AFM (Netherlands), and ASC (Canada). We also scoured third-party review sites and found a huge number of withdrawal complaints from ex clients, many of whom believe that RaceOption is a scam. We do not recommend depositing with RaceOption.

Products

RaceOption offers 100+ CFD and binary options assets to retail clients. Most popular financial markets are available:

• Forex – Speculate on 25+ currency pairs; majors and minors
• Shares – Trade on 50+ major global companies including IBM, BP and Amazon
• Indices – Speculate on some of the world’s largest markets across global index groups including the S&P 500, DAX 30 and FTSE 100
• Commodities – Access opportunities on soft commodities, energies and precious metals including Coffee, Crude Oil, Gold and Silver

The broker also added a long list of OTC assets to the platform in 2023 with competitive trading conditions, followed by ‘Hype Pool’ in the years that followed. This includes payouts up to 95% with a minimum stake of ¢0.01 and a 5-second minimum contract length.

Platform

RaceOption offers a proprietary trading terminal. The platform is available as a web-based programme with no download requirements. The platform is easy to use but the interface feels a bit dates. There’s a modest range of charts.

Key platform features include:

• Drawing tools
• Full trading history
• Multiple timeframes
• 30+ technical indicators
• Scaling options in charting tool
• Market movement and forecasting indicator
• Built-in copy trading tool to mirror investors

On the downside, no platform user guide is offered and there is no third-party solution, such as the industry recognised MT4.

To place a trade:

1. Select the asset you’re interested in from the platform’s dropdown menu
2. Use the charts to analyze real-time performance alongside historical metrics
3. View market sentiment with the % of buyers and sellers displayed on the terminal
4. Select your desired expiry time and enter the amount you wish to trade
5. Hit Up if you believe the price will increase and select Down if you think that it will drop
6. Collect your payout in the form of a percentage of your invested amount

Fees

Spreads are variable with market conditions. Trading unleveraged crypto CFD assets incur a 1-2.5% fee based on the transaction value. Leveraged crypto CFD positions are charged a 5% commission.

If clients fail to execute at least one trade per calendar month, a $10 account service fee will apply. Rollover charges are also levied on positions held overnight. Personal taxes are the responsibility of the client.

Leverage

The broker offers leveraged trading on CFDs only. This varies by asset, though rates up to 1:30 are offered on cryptocurrency positions. The maximum leverage ratio offered for other instruments is 1:500. Be very careful when trading with high leverage as both profits and losses are multiplied – we do not recommend this for beginners.

Deposits & Withdrawals

It is free to deposit to a live RaceOption account, however, third-party charges may apply. Minimum deposit requirements start at $250 for the Bronze Account. Available payment methods include credit/debit cards, bank wire transfer, e-wallets, cryptocurrency and altcoins.

Withdrawal methods are similar with no fees charged. The broker also offers a withdrawal processing time of one hour after confirmation, but we still wouldn’t use it based on the number of user reviews we’ve read citing withdrawal issues.

Our withdrawal review also found a couple of key terms to consider when trading with bonuses:

• Account With Bonus Applied – 300% turnover from deposited amount must be achieved before withdrawal request
• Account With No Bonus Applied – 100% turnover from deposited amount must be achieved before withdrawal request

Demo Account

RaceOption offers a demo account on the proprietary platform. This is standard practice at established brokers and enables traders to text day trading strategies risk-free and navigate platform features. You can tell if you’re in Demo or Real mode through the markers in the top right hand corner of the platform.

We would only use RaceOption for demo trading. We wouldn’t trust it with real funds owing to the regulatory and withdrawal issues already highlighted.

Promotions

Access to RaceOption bonus incentives varies by account registration location. However, promo funds must be used for trading and associated turnover thresholds apply (3x deposit and bonus turnover) that must be met within three months of bonus acceptance.

Ensure you understand the rules and minimum policy requirements Alternatively, any new registrations have three days to contact the broker’s customer support to opt-out.

Importantly, bonuses can encourage overtrading and do not replicate the emotions fully when real money is on the line.

Is RaceOption Legit Or A Scam?

RaceOption has been around for years, but it still shares worrying hallmarks of a scam binary options broker.

RaceOption is not regulated by any reputable financial body. We also came across various warnings and concerns around the legitimacy of some services. Publications of illegal financial service operations being offered across Europe were found, including those from the Dutch AMF and the Spanish CNVM.

Unregulated brokers do not generally offer the same levels of protection as established agencies such as the FCA or CySEC. You may not benefit from negative balance protection or have access to a compensation scheme in the case of business insolvency.

Note, binary options are banned in the UK, EU and Australia.

Additional Features

Educational content and additional tools are extremely lacking. There is no day trading guidance or full asset details provided, which would be helpful for beginners. There are also no platform tutorials or YouTube guidance.

Binary options copy trading was introduced, providing an option to execute trades based on the investments of existing clients. Users can choose from a list of top-performing traders and the platform will automatically copy their positions. Alternative trading conditions can be selected including double-up or fixed time investments. However, we wouldn’t use it. There aren’t enough metrics or details about the signal providers.

Accounts

RaceOption offers three account types; Bronze, Silver and Gold. All accounts provide access to the full range of binary options and CFDs and are denominated in popular currencies, including USD, RUB, EUR, AUD and GBP.

Below we have outlined the key features of each account:

Bronze Account

• Demo account access
• 20% deposit bonus
• Copy trading tool
• 24/7 chat support
• $250 minimum deposit requirement
• 1-hour withdrawal time claimed (remember the multiple withdrawal issues reported)

Silver Account

• Demo account access
• First 3 risk-free trades
• Web masterclass access
• 50% deposit bonus available
• Access to the copy trading tool
• 24/7 customer support
• $1000 minimum deposit requirement
• 1-hour withdrawal time claimed (remember the multiple withdrawal issues reported)

Gold Account

• Demo account access
• First 3 risk-free trades
• Web masterclass access
• Personal success manager
• 100% deposit bonus available
• Access to the copy trading tool
• 24/7 video chat customer support
• $3000 minimum deposit requirement
• 1-hour withdrawal time claimed (remember the multiple withdrawal issues reported)

Note, risk-free trades are compensated in the form of a bonus in the case of negative trading results.

There’s a Rollover service available. This tool lets traders extend their position for 100% of their chosen timeframe on the first application. Following applications allow users to extend up to 30%.

The charge for a rollover is $1 = 1 rollover.

Trading Hours

Opening hours vary by instrument. Typically you can trade currencies, commodities, stocks and indices 24 hours per day between Sunday to Friday. Trading hours by market can be found within Instrument Profiles.

Note, the RaceOption platform follows a GMT zone. Unfortunately, a session timetable is not available on the broker’s website to stay up to date with upcoming public holidays, daily break sessions and market closures.

Customer Support

RaceOption offers 24-hour customer service. This includes international phone numbers, live chat and an online contact form. Live chat can be accessed across the website and is available in 20+ languages. A self-help FAQ section is also available. Topics include demo account logins, deposit methods not working, plus reasons why the service may be temporarily unavailable.

Note, there is no email address contact option. Also, the quality of support when we’ve used it dozens of times over the years has been poor – agents don’t understand the mechanics or risks of binaries, and are ill-equipped to support with serious account or technical issues.

Security

The broker uses Secure Socket Layer (SSL) technology to encrypt transactions. Other security features include 3D secure. Still, these do not make RaceOption safe – it’s not a trusted broker. Two-factor authentication is also not available.

RaceOption Verdict

We do not recommend using RaceOption. The product selection is quite limited, support is weak, there have been a high number of withdrawal complaints and scam concerns. It isn’t regulated and in fact some regulators have explicitly warned against using RaceOption.

FAQs

Is RaceOption Legit And Is It A Good Broker?

The lack of regulatory oversight causes concerns around the safety of client funds and customer recourse options. Many user reviews of RaceOption highlight apprehensions around potential scams and unresponsive customer support. It is not a good broker in our assessment.

Is RaceOption Regulated?

No, RaceOption operates with no real regulatory oversight. Be cautious when investing personal capital as protection and support may not be available.

Who Owns RaceOption?

RaceOption is owned and operated by Makerun Corp – registered to a location in the Marshall Islands.

Is RaceOption Legal In The US?

RaceOption is not currently regulated in the US. Binary options trading is legal in the United States, however, they must be traded on regulated US exchanges.

Best Alternatives to RaceOption

Compare RaceOption with the best similar brokers that accept traders from your location.

1. BinaryCent – BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
   Go to BinaryCent
2. AZAforex – Established in 2016, AZAforex is an offshore broker offering short-term trading on 235+ global financial markets, including through binary options with payouts of up to 90%. Three accounts (Start, Pro and VIP) offer unique features, but all provide access to the broker’s Mobius Trader 7 platform, which has benefited from performance upgrades over the years.
   Go to AZAforex

RaceOption Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by RaceOption and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

RaceOption vs Other Brokers

Compare RaceOption with any other broker by selecting the other broker below.

The most popular RaceOption comparisons:

1. Pocket Option vs RaceOption