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Race Option

4.7 / 10 Overall Score

Website: https://www.raceoption.com/
Jurisdiction: United States
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Race Projects Ltd.
Phone: 18299476393
Email: —
Address: Nr. 104038. Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Race Option Company: A Comprehensive Overview

## Company Overview

Race Option company is a binary options broker that operates primarily in the financial trading sector, providing trading services in binary options and contracts for difference (CFDs). Founded in 2017, Race Option aims to offer a secure and efficient trading environment for its clients, focusing on fast funding and low fees. The company operates under the management of Race Projects Ltd., which is part of the FGC Group - Financial Group Corp. The broker is registered in the Seychelles, with its operations overseen by the Vanuatu Commission.

Race Option company serves a global clientele, with a significant presence in various markets, including Singapore, and offers a wide range of trading instruments, including over 100 binary options and CFDs across key financial markets.

## Corporate Development

Since its inception in 2017, Race Option company has experienced notable growth, expanding its client base to over 1,500 traders. The company has focused on enhancing its service offerings, including the introduction of copy trading and weekly contests with substantial prize funds. These developments have contributed to its reputation as a competitive player in the binary options market.

The broker has also diversified its product offerings, which now include a modest range of CFD instruments, forex trading, and cryptocurrency trading, allowing clients to trade a variety of assets.

## Corporate Structure and Subsidiaries

Race Option company operates under the jurisdiction of Seychelles, where it is officially registered. The internal organization includes various operational divisions that focus on customer support, trading operations, and compliance. While specific details on subsidiaries are not provided, the company is managed by Race Projects Ltd., which is responsible for its regulatory compliance and operational integrity.

## Regulation and Compliance

Race Option company is regulated under the laws applicable in its jurisdiction, with its operations registered in the Seychelles. The broker holds a license number from the Vanuatu Commission, which oversees its financial activities. The company emphasizes client fund protection through segregation of funds and adheres to compliance frameworks that ensure transparency in its operations.

While specific details regarding additional regulatory licenses are not mentioned, the company aims to provide a secure trading environment with a commitment to protecting client interests.

## Global Presence and Market Coverage

Race Option company primarily serves clients in various regions, including Asia, Europe, and beyond. The broker has established a significant presence in Singapore, which is noted as a key market for its services. While specific local branches or representative offices are not detailed, the company’s online platform allows it to reach a global audience effectively.

The target demographic includes both novice and experienced traders, with services tailored to meet the needs of various trading skill levels.

## Financial and Operational Data

Race Option company has processed over 10,000 daily transactions, highlighting its operational scale and client engagement. The minimum deposit required to open an account is $250, which is relatively accessible for new traders. Specific financial data, including employee numbers or transaction volumes, is not disclosed, limiting insights into the company's overall financial health.

## Reputation and Industry Standing

The perception of Race Option company within the financial community appears to be generally positive, with various reviews highlighting its attractive trading conditions and support services. However, some concerns regarding withdrawal times have been noted by users, often attributed to the verification process. The company is recognized for its commitment to providing a secure trading environment and has garnered a loyal client base through its competitive offerings.

## Summary

In summary, Race Option company is a binary options broker that has established itself in the trading industry since its founding in 2017. With a focus on client security, a diverse range of trading instruments, and a commitment to customer support, the company has carved out a niche in the global market. Its regulatory framework and operational integrity contribute to its credibility, making it a viable option for traders seeking to engage in binary options and CFD trading.

Account Types

# Race Option Account Types

Race Option offers three distinct account types designed to cater to various trading needs and preferences:

| Account Type | Minimum Deposit | Bonus | Features |
|--------------|----------------|-------|----------|
| **Bronze** | $20 | +20% | - 24/7 live video chat support - Withdrawals in 1 hour - Demo account access - Copy trading tool |
| **Silver** | $20 | +50% | - 24/7 live video chat support - Withdrawals in 1 hour - Demo account access - Copy trading tool - Master class (web session) - First 3 risk-free trades |
| **Gold** | $20 | +100% | - 24/7 live video chat support - Withdrawals in 1 hour - Demo account access - Copy trading tool - Master class (web session) - First 3 risk-free trades - Personal success manager |

Each account type provides a unique set of features and bonuses, allowing traders to select according to their trading style and requirements.

# Race Option Broker Account Opening Process

Opening an account with Race Option is straightforward and consists of the following steps:

1. **Registration**
   - Visit the Race Option registration page and click on "Register."
   - Fill in the required information, ensuring all details are accurate, particularly your real email and phone number.

2. **Terms and Conditions**
   - After entering your information, read the terms and conditions.
   - If you agree, check the box and click the "Next" button.

3. **Verification Process**
   - You may need to complete KYC (Know Your Customer) verification by providing identification documents, which may include a government-issued ID and proof of address.

4. **Funding Your Account**
   - Once your account is set up, fund it using one of the available methods, such as credit cards, bank wire transfer, or cryptocurrencies.
   - The minimum deposit requirement is $20.

5. **Account Approval**
   - After funding, you can start trading immediately, pending any necessary verification.

6. **Accessing Trading Platforms**
   - Once registered and funded, you can access the trading platforms available for your account type.

Optional steps include requesting demo account access or professional account features, which may require additional verification or funding.

Deposit & Withdrawal

# Race Option Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Race Option Minimum Deposit Explained

### Minimum Deposit Amount
The minimum deposit required to start trading on Race Option is **$20**. This amount is consistent across various account types.

### Account-Type Comparison
Race Option offers different account types, each with varying features. The basic account allows trading with the minimum deposit, while higher-tier accounts may offer additional benefits such as improved withdrawal limits and access to premium trading tools.

### Regional Differences
While the $20 minimum deposit is standard, regional regulations may impose different requirements based on local laws and regulations. Always check the specific requirements applicable to your region.

### Advantages and Disadvantages
#### Advantages:
1. **Low Minimum Investment**: With just $20, traders can start their trading journey.
2. **Access to Multiple Assets**: Traders can trade over 100 assets including forex, stocks, and commodities.
3. **User-Friendly Platform**: The Race Option interface is designed for ease of use, making it suitable for beginners.
4. **Promotional Bonuses**: New users can benefit from various bonuses on their initial deposits.

#### Disadvantages:
1. **Limited Withdrawal Methods for Small Amounts**: Users may face restrictions on withdrawal methods for amounts below a certain threshold.
2. **Verification Requirements**: Traders must complete identity verification to withdraw funds.
3. **Potential Fees on Certain Withdrawals**: While deposits are fee-free, some withdrawal methods may incur charges.
4. **Regional Restrictions**: Availability of certain account features and payment methods may vary by region.

### Competitor Comparison
Compared to other brokers, Race Option's minimum deposit is lower than many competitors, making it an attractive option for new traders. Some competitors require a higher initial investment, which may deter beginners.

## Race Option Deposit Methods Comprehensive Guide

### Available Deposit Methods
1. **Credit/Debit Cards (Visa/Mastercard)**
   - **Processing Time**: Instant
   - **Fees**: No direct fees from Race Option, but third-party fees may apply.
   - **Availability**: Widely accepted.
   - **Limits**: Minimum $20, maximum $100,000.
   - **Pros**: Fast, convenient, widely used.
   - **Cons**: Possible third-party fees.

2. **Bank Wire Transfer**
   - **Processing Time**: Up to 3 business days.
   - **Fees**: No fees from Race Option; bank fees may apply.
   - **Availability**: Available in most regions.
   - **Limits**: Minimum $5000.
   - **Pros**: Secure for larger amounts.
   - **Cons**: Slower processing time.

3. **E-Wallets (Neteller, Skrill, Perfect Money)**
   - **Processing Time**: Instant.
   - **Fees**: No fees from Race Option; check e-wallet provider for fees.
   - **Availability**: Commonly accepted.
   - **Limits**: Minimum $20.
   - **Pros**: Fast and secure.
   - **Cons**: Limited availability in some regions.

4. **Cryptocurrency (Bitcoin, Ethereum, Litecoin, Altcoins)**
   - **Processing Time**: Instant, typically within minutes.
   - **Fees**: No fees from Race Option; network fees may apply.
   - **Availability**: Accepted globally.
   - **Limits**: Minimum $10 for Bitcoin.
   - **Pros**: Anonymity and speed.
   - **Cons**: Volatility in value.

### Supported Currencies and Recommended Methods
Race Option supports multiple currencies including USD, EUR, and cryptocurrencies. For quick and cost-effective deposits, using cryptocurrencies or e-wallets is recommended due to their instantaneous processing times and absence of fees.

## Race Option Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in** to your Race Option account.
2. Navigate to the **"Account Funding"** section.
3. Choose your **account type** and **deposit amount**.
4. Select your **funding method** from the available options.
5. **Confirm** the transaction to complete your deposit.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, although the mobile interface may have a slightly different layout. Ensure you have a stable internet connection to prevent interruptions during the transaction.

### KYC Notes and Common Issues
Before making a deposit, users may need to complete KYC (Know Your Customer) verification. Common issues include mismatched personal information and payment method discrepancies. To resolve these, ensure that all details match those on your identification documents.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are credited instantly, while bank wire transfers may take up to 3 business days. Cryptocurrency deposits are usually processed within minutes.

## Race Option Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Credit/Debit Cards (Visa/Mastercard)**
   - **Processing Time**: Up to 1 hour.
   - **Fees**: 5% transfer fee.
   - **Limits**: Minimum $20.
   - **Pros**: Familiar and convenient.
   - **Cons**: Fees apply.

2. **Bank Wire Transfer**
   - **Processing Time**: 1-3 business days.
   - **Fees**: $50 fee for international transfers.
   - **Limits**: Minimum $20.
   - **Pros**: Secure for large amounts.
   - **Cons**: Slow processing.

3. **E-Wallets (Neteller, Skrill, Perfect Money)**
   - **Processing Time**: Up to 1 hour.
   - **Fees**: Varies by provider.
   - **Limits**: Minimum $20.
   - **Pros**: Fast and efficient.
   - **Cons**: May not be available in all regions.

4. **Cryptocurrency (Bitcoin, Ethereum, Litecoin, Altcoins)**
   - **Processing Time**: Up to 1 hour.
   - **Fees**: No fees from Race Option; network fees may apply.
   - **Limits**: Minimum $20.
   - **Pros**: Fast and low-cost.
   - **Cons**: Potential for value fluctuations.

### Recommended Options by Cost and Speed
For the quickest and most cost-effective withdrawals, using cryptocurrencies or e-wallets is recommended. These methods are typically processed within an hour and incur minimal fees.

## Race Option Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in** to your Race Option account.
2. Click on the **"Account Funding"** section and select **"Withdrawals."**
3. Choose the **withdrawal method** that matches your deposit method.
4. Enter the **amount** you wish to withdraw and any necessary payment details.
5. **Confirm** the withdrawal request.

### ID Verification Requirements
All withdrawal requests require identity verification. Users must provide identification documents, proof of address, and any additional information requested by Race Option.

### Expected Fund Arrival Time
Withdrawal requests are typically processed within **1 hour**. However, additional time may be required for bank transfers or if verification documents are missing.

### Typical Delay Reasons and Fixes
Delays can occur due to:
- Missing verification documents. Ensure all required documents are submitted promptly.
- Bank holidays or weekends. Withdrawals may take longer during these times.
- Technical issues with payment processors. Contact Race Option support for assistance if issues arise.

## FAQs – Race Option Deposits & Withdrawals

**What is the minimum deposit for Race Option?**  
The minimum deposit for Race Option is **$20**.

**How long do withdrawals take?**  
Withdrawals are typically processed within **1 hour**, though bank transfers may take longer.

**Are there fees for deposits or withdrawals?**  
Deposits are generally free, but withdrawals via Visa/Mastercard incur a **5% fee**. Bank transfers have a **$50 fee**.

**Can the same method be used for both?**  
Yes, it is recommended to use the same method for both deposits and withdrawals for smoother processing.

**Are crypto or local methods supported?**  
Yes, Race Option supports various cryptocurrencies and local payment methods depending on the region.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Race Option

Race Option

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