Raceoption is a financial services firm that acts on behalf of the authorised financial organisation FGC. Since 2014, the broker has been successful in attracting traders on their platform. Its success seems to be due to the fact that it provides unique services and features.
The business has developed an advanced trading platform. You may be wondering, though, if Raceoption is a scam or a legitimate broker for European traders. Permit me to elaborate. This subject is discussed in more depth in today’s comprehensive study.
The first thing to notice is the platform itself, which is straightforward and simple to use while yet providing all of the features required for comfortable operation. There are no additional buttons or activities, and the system’s speed enables more efficient trading than ever before.
Raceoption’s global recognition began with a successful invasion of the Asian and Australian financial markets.
It provides one of the finest trading services available, and it keeps customers satisfied with a range of features like as bonuses, competitions, training, the ability to replicate successful traders’ transactions, several deposit and withdrawal options, and a diverse selection of asset classes. Additionally, they provide a free trial account to allow you to evaluate their services.
It is important to note that the business remains current with emerging trends. Numerous languages, including English, have a mobile version of the website that enables trading at any time of day or night. The online platform is compatible with all major browsers and includes a mobile version that allows you to trade whenever and wherever you choose.
Regulation
The broker’s registration and licencing information is not publicly available on the company’s official website. The website’s materials, however, claim under the section “User agreement” that the business acts on behalf of the financial organisation FGC (Finance Group Corp), which has been granted a government licence to do such operations.
Simultaneously, no licence number is shown on the website or on the network, which makes it less trustworthy.
Deposits and Withdrawals
Due to the broker’s global clientele, it provides a wider selection of deposit and withdrawal methods. Among them are VISA, VISA DEBIT, VISA ELECTRON, mastercard, Bitcoin, Bitcoin Cash, Maestro, Perfect Money, bank wire transfers, QIWI, Webmoney, Neteller and Skrill.
Due to the breadth of possible payment methods, the business can guarantee a withdrawal within an hour of receiving payment information.
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To make a deposit, you must first register with the broker and then undergo verification. Another argument in favour of Raceoption’s reliability is that all transactions must be verified.
The money are immediately available for trading on the account, enabling you to begin trading immediately after the transfer. Trades may be conducted in a variety of currencies, including the US dollar, the Russian ruble, the euro, and the pound sterling.
Raceoption User Feedback
Despite the broker’s infancy, the absence of internet evaluations from European traders is concerning. Additionally, the fact that the broker’s trading terms and conditions are entirely written in English restricts the choices accessible to a non-English-speaking audience and undermines our trust in the broker’s abilities.
There is no information on licencing, which is detrimental to the brand, since the vast majority of serious traders will only deal with legitimate, legally licenced brokers. If you run into any difficulties, you may always seek assistance from the regulatory authorities.
If Raceoption wishes to retain a significant proportion of European traders, it must prioritise the quality of its website content in order to establish a credible brand identity.
Raceoption does not yet have any online reviews. Due to the platform’s lack of a licence, we are unable to place our complete confidence in it.
Customers can benefit from training, bonuses, and contests, and several of the services are truly unique, establishing the company as a legitimate broker rather than a fly-by-night operation.
Is Raceoption a scam?
We believe that such judgments are premature at this point of the company’s development. If you want to work with them, you may assist protect yourself by familiarising yourself with their rules and processes, as well as by carefully organising the work you do with your Personal Manager and passing a thorough computer system verification.
Bottom Line
Raceoption is a relatively young business that has gained momentum in recent months and seems to have a strong chance of earning high ratings from future trading gurus. Due to the fact that the firm is already offering unique services to its customers, it is clear that the business is on the correct road. The broker’s unique terminal features, reasonable incentives, and training opportunities all indicate a strong start and a well-chosen route for future growth.
Additionally, it is unknown how the business is related to another, more well-known broker – Finpari – from whose official website the customer is instantly sent to the Raceoption resource. The most probable explanation is that the broker’s brand has changed, although no formal announcement has been issued as of yet.
Despite this, traders increasingly find it difficult to deal with and trust a business that does not provide complete information about the laws and its licensing. If the broker wants to do significant business in Europe, he should make all of this information available on his official website.
One can only hope that the broker will soon rectify the situation while retaining the high level of efficiency shown during its auspicious launch.
It is critical to remember that Raceoption has not yet shown its full potential. It is too early to determine if this is a genuine or fraudulent business. While we await trader evaluations, they have the potential to influence not just the broker’s ranking, but also to alert us to potential issues.
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