RaceOption was established in 2014. as a binary trading platform.
RaceOption offers more than 100 trading assets to the traders. RaceOption comes with unique customer support services that include live video chat to give a more personal touch to binary traders in South Africa.
They are claiming a fast withdrawal process within an hour and they are also offering a demo account. RaceOption is a brokerage for new traders and also for skilled traders. RaceOption services can be accessed through the mobile app. This binary trading app is very easy to use, which gives traders ease to work anytime and everywhere. RaceOption website is a secured website in South Africa with high SSL encryption software for trader’s privacy and to secure financial data.
To start trading with this broker, you need to make at least a minimum deposit of $250. There are three simple steps for the registrations process, starting with free registration, deposit, and trading. The last step is a bit complicated to understand if you are new and have no experience in binary options.
What is RaceOption South Africa?
RaceOption provides many promotional incentives to South African traders, including bonuses, information technology features, high returns, and fast withdrawal services.
Three kinds of contracts are offered to the trader by RaceOption: Long Term, Turbo, and Intraday. These three contracts are put/call options, but their expiration time is different. Long Term features the longest expiry duration; on the other hand, the turbo feature’s shortest expiry duration, these investments had respective returns range 70% to 90%. They are offering ease of expanding trade. For example, you can deposit a maximum of $1500 and trade at least $1 in one single account.
RaceOption platform is user friendly and the layout is very easy to understand. You can access available assets on the left of the platform and in the middle of the screen, you will get a price chart with the updated price list. You can easily identify the performance of the chosen asset on the main screen and set restrictions through different tabs on the right side of the screen.
RaceOption tailored its platform according to the traders’ needs so that they can access things easily. Live chat is one of the innovative features they introduced to provide support to South African traders.
RaceOption Binary South Africa
RaceOption platform consists of an easy to use interface and has all the necessary characteristics and tools. It provides cross-browser compatibility, and a mobile app is also available for trading. The platform has a dashboard that shows all the required information, such as chosen assets, amount of investment, expiry time, and trade results. It also provides historical market data for better analysis.
RaceOption allows easy and reliable trading of binary options in South Africa. This platform contains an easy and clever design. Using binary options, you can invest in the falling or rising markets to get profits. It doesn’t matter how strongly the market changes but the important thing is the entry point and its price.
The following steps need to be followed to trade through RaceOption: the first step is to choose an asset that you want to trade through RaceOption, the asset kind and expiry date affecting the yield. Then make an analysis and forecast the future chart changes. The second step is to select the expiration dates of the trade and invest in increasing and decreasing prices. The profit can be earned if you invest very carefully; all you need to have is proper trade knowledge and experience.
For new traders, basic tutorials are also provided by RaceOption for learning purposes, which help to understand the system. The information given by these tutorials is enough for the new traders to start trading. It takes hours for new traders to practice before starting actual trading. Therefore RaceOption offers a facility of a demo account to their verified traders in South Africa. IQ Option demo account is another popular demo account among South African traders. This way you can practice and get more familiar with the platform without risking your funds.
RaceOption Login South Africa
To sign up to the platform, you need to go through three simple steps. The first step is to create your account, and for that, you need to fill out the required info such as your name, last name, country, email address, phone number, type of currency in which you want to trade. Once the registration process is complete, you will receive your trading account info and you can do RaceOption binary login South Africa and get access to all tools that are required for profitable trading.
In the second step, you need to add funds to your trading account. After the binary options registration process, you can easily make a deposit. RaceOption has several payment methods to deposit funds in South Africa, such as Bitcoin, Neteller, Perfect Money, WebMoney South Africa, Visa Electron, Master Card, Visa Debit, wire transfer, etc. When you deposit funds in your account, you also receive additional funds as a bonus. On a $250 deposit, you receive a 20% bonus amount, on a $1000 deposit, the bonus is 50% and 100% bonus on a $3000 deposit.
The last step is about starting trading in which you can start earning by predicting the market direction. The trading strategies can be learned independently and there are also specialists you can get help from. The platform can be easily accessed by any web browser or smartphone. RaceOption offers more than 100 assets that are available for trading and accessible from any device, anytime with a high level of security in South Africa.
RaceOption Minimum Deposit South Africa
RaceOption allows different payment methods for deposits, such as credit cards, Litecoin, Bitcoin, Altcoins, Skrill, and Neteller. RaceOption charges a 5% fee on credit card payments in South Africa. The funds are instantly deposited into your account. The minimum amount for a deposit is $250. This is much higher when you compare it to the minimum deposit for binary.com which is only $5.
RaceOption provides different account types. When you deposit $250, the platform provides you with access to the bronze account. This bronze account is associated with various advantages such as live video customer support 24/7, a binary demo account, and many trading tools.
As RaceOption provides many different payment methods for deposit funds, it also offers many options for withdrawal, such as Credit Cards (Visa MasterCard), Qiwi Wallet, Skrill & Neteller South Africa, Okay, Perfect Money. Bitcoin is a highly preferable payment method by the RaceOption team. Bitcoin payment methods are fast, and there is no commission on it.
When you withdraw a minimum amount of $50, it takes an hour to process the withdrawal as RaceOption claims. For security reasons, the user has to go through the verification process before the withdrawal. This ensures a secure and reliable trading environment in South Africa.
Users who do not receive any bonus can withdraw funds once their account reaches to 100% turnover of the deposit amount. In simple terms, traders can perform withdrawals just after they trade a complete deposit amount.
Investors in RaceOption who have already received bonuses can withdraw funds just after the 300% turnover of the amount they deposited. The policy conditions regarding RaceOption bonuses are available on their website. They offer up to 90% payout, you can trade for a minimum of $1, and you can receive up to 100% binary trading bonus.
RaceOption Mobile App South Africa
Like most trading brokers in South Africa, RaceOption has predicted clients will need to check their trading assets even while they are away from their P.C. or laptop. Traders do not need to keep their laptops with them and use trading software on their laptops. They created a web-based platform. The binary trading platform can be accessible globally at any time using a tablet, iPad, iOS or Android smartphones by using a mobile-friendly website. All you need is to have an internet connection.
Race Option also has a mobile trading application that provides easy access to traders using it from anywhere in South Africa. The mobile app is available on both the Google Play Store and Apple App Store and can also be downloaded from RaceOption’s website.
Is RaceOption Regulated?
In 2017, RaceOption was regulated by Vanuatu trading authority under the name of Finance Group Corp. Keep in mind that the main major regulated authorities are CySEC in Cyprus for Europe, ASIC in Australia, and CFTC in the United States.
Although RaceOption is not regulated by the above-mentioned authorities, the brokerage is operated by a reliable company. RaceOption is a serious competitor in the binary options market place, offering a variety of offers to the traders in South Africa. From the ease of access to the fact that the platform offers friendly withdrawal terms, you can feel that this broker is going to experience huge growth quite quickly.
RaceOption Scam South Africa
RaceOption successfully grabbed the attention of their traders in South Africa by providing them with quality service. Still, some areas need to be improved. But RaceOption successfully overcomes many flaws by providing their traders with video chat facilities so that they can solve their problems through a personalized approach. RaceOption makes it possible for traders to deal with a person with a known identity through live video chat rather than talking to an unknown entity behind the computer screen. The withdrawals can be processed within an hour as claimed by RaceOption. These initiatives are proving that RaceOption is serious about making a good reputation in the trading sector of South Africa.
The RaceOption website has strong SSL (Secure Sockets Layer) encryption to protect the personal and financial information of traders. They offer a multilingual website to supply traders from different parts of the world. RaceOption provides more than 100 assets to trade, including cryptocurrencies and CFD products.
We have not received any binary options scams complaints about RaceOption Scam South Africa but we would suggest that you, before you start trading, do your own research too.