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RaceOption Review 2026

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  • Min Deposit: $250
  • Max Payout: 95%
  • Demo Account: Yes
  • Expiry Times: 5 seconds - 30 days
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RaceOption
RaceOption offers a variety of binary assets, including US tech stocks and niche cryptocurrencies. However, warnings from five reliable regulators and numerous withdrawal complaints from users indicate it is high-risk and unsafe for binary options traders.

RaceOption is an online broker offering over 150 binary contracts across forex, stocks, indices, commodities and cryptos, with payouts up to 95%. The broker’s platform provides charting and analysis features, but we uncovered serious issues in our testing and research.

Based on our assessment, RaceOption cannot be trusted. We uncovered 5 regulatory warnings and have read more than 35 complaints from clients that it refused to pay out withdrawals, citing various excuses and unfair terms. Instead, consider top binary options trading websites.

Pros & Cons

Pros

  • RaceOption is geared towards traders seeking forex binary trading, with above-average payouts up to 95% on major and minor currency pairs, as well as crypto pairs like ETC/USDT.
  • The web platform has been improved, now with access to tick charts and TradingView integration for experienced technical traders.
  • You can switch between Turbo mode (5-second to 30-minute durations), Intraday mode (up to 24 hours with 1-hour increments), and Long-term mode (daily timeframes up to 1 month).

Cons

  • RaceOption is registered offshore and does not hold any trusted financial regulatory licenses, so clients won’t receive strong financial and legal protections in case of withdrawal disputes.
  • The CNMV (Spain), the CMVM (Portugal), the ASC (Canada), the Finanstilsynet (Norway), and the NSSMC (Ukraine) have all warned that RaceOption is unauthorized.
  • A staggering 80%+ of user reviews about RaceOption on Trustpilot are one-star, with many extremely unhappy customers who experienced withdrawal issues, and some accusing the firm of operating a scam.
  • The $200 minimum deposit requirement for the entry-tier account is on the high side (World Forex lets you start with just $1), and may be a drawback for beginners with less starting capital.
  • Payout boosts starting from +1% are only available for Silver, Gold and VIP account holders, which come with hefty investments of $1,000 to $50,000.

Company Details

Raceoption is operated by Makerun Corp and is registered in the Marshall Islands, an offshore jurisdiction.

While this doesn’t make it a scam, the broker is effectively unregulated, with no license from a trusted body in our regulator database or the IOSCO’s membership list.

Multiple trusted regulators have warned that RaceOption may be providing unauthorized trading services in their regions, including the CNMV in Spain, the CMVM in Portugal, the AFM in the Netherlands, the ASC in Alberta, Canada, and the IOSCO I-SCAN database, which includes a warning for RaceOption from Ukraine’s NSSMC. Multiple warnings from prominent regulators is a red flag.

Ultimately, traders will not benefit from financial safeguarding measures such as compensation if RaceOption goes insolvent or formal dispute resolution processes, the latter of which may well be needed given the large portion of unhappy customers we found on third-party review sites.

Accounts

RaceOption offers four account tiers, with increasing benefits such as faster withdrawals, priority support, and payout boosts.

We see this approach taken by multiple binary providers, including Binarium and IQCent – it really only benefits well-funded traders leaving smaller accounts with less attractive trading conditions.

  • Bronze – $200 minimum deposit, +0% payout boost, 20 free rollovers, 0.1% TradeBack, 8-hour withdrawal time, standard customer support.
  • Silver – $1000 minimum deposit, +1% payouts boost, 50 free rollovers, 0.5% TradeBack, 4-hour withdrawal time, priority customer support.
  • Gold – $5000 minimum deposit, +2% payouts boost, 300 free rollovers, 1% TradeBack, 1-hour withdrawal time, priority customer support.
  • VIP – $50,000 minimum deposit,+3% payouts boost, 500 free rollovers, 2% TradeBack, 0-hour withdrawal time, priority customer support.

The downsides are that the first account requires a high $200 minimum deposit, whereas providers like CloseOption require just $5. On the other end of the scale, the $50,000 deposit for the VIP account, and thus the best trading conditions, will be out of reach for the majority of users.

Markets

RaceOption offers 150+ binary assets across forex, stocks, commodities, indices and cryptos. This includes major currency pairs like EUR/USD, US technology stocks, commodities like gold, and major equity indices in the US and Europe.

This selection is broader than that of World Forex, for example, which only offers 28 products covering forex, metals, and cryptos.

Tradeable options panel in RaceOption's platform

Options assets including ‘Hype’ and ‘Pool’

 

Its ‘Hype’ and ‘Pool’ options are only found at a handful of binary brands, and allow you to speculate on buzz around popular people, events and assets, driven by short-term market movements.

However, with limited information provided on the mechanics of these products, we’d recommend caution before being drawn in by the huge potential payouts of up to 2,500%. We do not trust such high payouts that are far beyond the norm in the industry. They are broker-built assets that may be open to manipulation by RaceOption.

Payouts

We recorded live payouts on RaceOption across “peak” vs “off-peak” sessions and stacked them against the site’s stated figures.

Headline: peak results were roughly 1–5% below advertised, while off-peak came in ~8–17% lower; EUR/USD showed the sharpest drop outside the London/US overlap.

RaceOption – Payout Tests Data
Asset Expiry Advertised Payout Observed Payout (Peak) Observed Payout (Off-peak) Deviation vs Advertised (Peak) Deviation vs Advertised (Off-peak) Notes
EUR/USD 5 minutes 95% 90–92% 78–84% −3 to −5% −11 to −17% Close to headline rates; small underperformance during London/US hours. The drop-off is more pronounced than with Pocket or IQ Option.
BTC 30 minutes 90% 85–87% 78–82% −3 to −5% −8 to −12% Crypto payouts aligned with platform and industry averages. Off-peak decline less severe than CloseOption.
SPX 10 minutes 85% 82–84% 72–76% −1 to −3% −9 to −13% Accurate during live US session hours. Standard industry downturn after-hours.
XAU/USD 10 minutes 88% 84–86% 74–79% −2 to −4% −9 to −14% Consistent within the typical commodity range in peak sessions. Similar to IQCent and Capitalcore overnight.

Silver, Gold and VIP account holders also benefit from additional payout boosts of +1%, +2%, and +3% respectively.

Expiry Times

RaceOption offers a range of expiry times, between 5 seconds and 30 days – making the broker suited to short-term binary traders and longer-term speculators.

It’s easy to switch between timeframes on the platform using the ‘Trade Type’ dropdown in the trade window and selecting ‘Turbo’, ‘Intraday’ or ‘Long-Term’.

Binary contract expiries on RaceOption

Short-term turbo expiries

Platform

The platform is similar to IQCent’s web platform, which is unsurprising given they are run by the same people.

Where it used to have a stale look and feel, the design has been somewhat revamped and now sports a more modern aesthetic, though there’s still room for improvement.

There’s a choice between a tick chart, candlestick chart, or the TradingView interface, which comes with a superior range of 100+ indicators. The tick and candlestick charts offer a smaller range of 8 indicators, making them a good starting point for those focused on ultra-short-term setups.

There’s also additional features in the left-hand menu, including a binary copy trading hub, contests, market analysis, and a help center.

The main downside is the lack of integrated education which would have been useful for newer traders.

Payment Methods

Deposits can be made using the ‘Add Funds’ button in the top right-hand corner of the platform.

Available methods depend on your location but generally include bank cards, cryptocurrencies, and e-wallets. That said, if you prefer to deposit in cryptos, you will be the most catered for – we were offered 60+ tokens to deposit with during our latest round of tests.

One drawback is the $200 minimum funding amount for the Bronze account, which applies to all individual deposits. However, you can opt to deposit a minimum of $10 using cryptocurrency, though you will not reach the Bronze status until the minimum requirement is met.

The minimum withdrawal is $50 and generally there are no fees, although the broker’s user statement does say it reserves the right to charge up to 20% if funds haven’t been traded through once. Third-party payment providers may also have charges.

Withdrawal times depend on your account status but are around 8 hours for Bronze account holders.

Our biggest concern is how many previous traders have had problems making withdrawals. We read over 35 complaints of exactly this on RaceOption’s Trustpilot profile. Unclear withdrawal rules, unfair stipulations, and unhelpful customer support were mentioned many times. As a result, we don’t believe Raceoption can be trusted to pay out winnings.

Bonuses

RaceOption offers welcome bonuses to entice new clients, but we never recommend picking a binary firm based on their bonuses – they more often than not come with requirements that make it hard to withdraw funds, as is the case with RaceOption.

This is why regulators like CySEC said platforms shouldn’t offer bonuses that incentivise individuals to trade binaries before it later banned the sale of binaries to retail clients following ESMA’s EU-wide intervention.

Below is a breakdown of some promotions we’ve observed and been offered in the RaceOption client area, along with our concerns after reading the terms and conditions. Note, promotions are subject to change.

RaceOption Bonuses & Risk Considerations
Bonus What It Offers Key Restrictions Our Notes
20% to 100% deposit bonus 20% bonus on $250+, 50% bonus on $1,000, 100% bonus on $3,000 to $50,000. Bonus must be traded 3x before withdrawal. Withdraw before and the bonus and any profits will be cancelled, while any losses will be taken from the deposited amount. Volume requirements must be met in three months. Looks great but in practice most traders won’t withdraw the bonus due to the wagering requirements. It’s a high-risk way to trade. Avoid unless you use it purely for practicing.

Customer Support

The fastest way to reach RaceOption is via the 24/7 in-platform live chat, which responded within 30 seconds to our general queries during tests.

That said, responses were generated by an AI bot, so any complex technical queries would be best directed towards the broker’s Ticket system.

Still, it did the job in clarifying our confusion that in some places RaceOption advertises a minimum deposit of $250, whereas in others, it’s $200. It turns out, the correct figure is $200. Hopefully they rectify the conflicting information on their website pages for completeness.

Overall, support is a mixed experience – helpful but generic chat support with escalation needed, and very slow, incomplete responses over email regarding bonus terms.

Customer Support Tests
Channel Question Category First Response Time (min) Time to Resolution (min) Resolved? Accuracy/Helpfulness (0–10)
Chat and email Platform/tools, withdrawals and bonuses 3 mins chat; 90 mins email 6 mins chat; 300 mins email Y (chat); N (email) 6

Should You Trade Binary Options With RaceOption?

No. While RaceOption may seem a strong choice for active binary traders looking for a strong charting platform, we uncovered too many safety issues in our tests. There’s the unregulated status, explicitly regulatory warnings, and the high proportion of previous clients who have had a woeful experience, especially those who couldn’t withdraw funds.

We urge prospective users to consider an alternative binary options broker.

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RaceOption Details

RaceOption Details
Instruments Binary Options, CFDs
Nr. of Binaries 161
Demo Account Yes
Minimum Deposit $250
Minimum Trade $0.01
Max Payout 95%
Expiry Times 5 seconds - 30 days
Ladder Binary Options Yes
Boundary Binary Options No
Payment Methods American Express, Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Google Pay, Mastercard, Neteller, Visa
Mobile Apps iOS & Android via mobile web trader
Copy Trading Yes
Social Trading Yes
Margin Trading Yes
MetaTrader 4 No
MetaTrader 5 No
TradingView Yes
AI / Machine Learning No
Negative Balance Protection No
Market Maker Yes
Tournaments Yes
Demo Competitions No
Islamic Account No
Account Currencies USD, EUR, GBP, AUD, RUB
Stock Exchanges DAX GER 40 Index, FTSE UK Index
Commodities Silver, Gold, Coffee, Oil
CFD Trading Yes
CFD Leverage 1:500
CFD FTSE Spread Variable
CFD GBPUSD Spread Variable
CFD Oil Spread Variable
CFD Stocks Spread Variable
Forex Trading Yes
Forex GBPUSD Spread Variable
Forex EURUSD Spread Variable
Forex EURGBP Spread Variable
Forex Assets 25+
Crypto Trading Yes
Crypto Spread Variable
Crypto Coins BTC
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Compare RaceOption

RaceOption Capitalcore AZAforex
Rating 2.0 3.9 3.4
Instruments Binary Options, CFDs Forex, Metals, Stocks, Cryptos, Futures Indices, Binary Options CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options
Nr. of Binaries 161 28 50
Demo Account Yes Yes Yes
Minimum Deposit $250 $10 $1
Minimum Trade $0.01 0.01 Lots (CFD/Forex), $1 (Binaries) 0.0001 Lots
Max Payout 95% 95% 90%
Expiry Times 5 seconds - 30 days 1 minute - 1 hour 30 seconds - 1 day
Visit Visit Visit Visit
Review RaceOption Review Capitalcore Review AZAforex Review

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