Racefxoptions

Racefxoptions is an online financial trading platform that offers a variety of trading products, including forex, stocks, cryptocurrencies, indices, commodities, and metals. Although the platform provides a wealth of trading options and convenient deposit and withdrawal methods, its corporate background and regulatory information are unclear, posing significant risks to investors.

Corporate Background of Racefxoptions:

The corporate background of Racefxoptions is somewhat opaque. According to public information, the platform's domain was established on April 4, 2020. However, specific registration details of the company have not been disclosed. The platform's operators have not provided sufficient corporate background information, such as the company’s registration location, management team details, or comprehensive business operations. This lack of information makes it challenging for investors to evaluate its credibility and safety. Transparency of corporate background and clear regulatory information is crucial when choosing an online financial trading platform. Investors should prioritize platforms with comprehensive and transparent information and stringent regulatory oversight to ensure the security of their funds and transactions.

Regulatory Information of Racefxoptions:

Racefxoptions claims to offer contracts for difference (CFD) trading services for forex, stocks, and more, but the platform does not disclose its company name or any verifiable regulatory information. This lack of transparency means that the platform's legitimacy and safety are difficult to ascertain. Investors should be highly cautious and avoid conducting financial transactions on such a platform.

Account Registration Process at Racefxoptions:

1. Visit the Racefxoptions website and click the registration button
2. Fill out the application form
3. Submit identity/number verification documents
4. Deposit funds and start trading

Account Types at Racefxoptions:

Bronze Account

• 24-hour video chat support, trade replication service, and demo account.
• Withdrawal processing time within 1 hour.
• 20% bonus on the first deposit.

Silver Account

• Minimum initial deposit of $250, but $1,000 is recommended for more features.
• Includes all the features of the Bronze account plus three risk-free trades and one master class.
• Withdrawal processing time within 1 hour.
• 50% bonus on the first deposit.

Gold Account

• Minimum deposit of $3,000.
• Includes all the features of the Silver account plus a personal manager.
• 24-hour support, trade replication service, demo account, three risk-free trades, and master class.
• Withdrawal processing time within 1 hour.
• 100% bonus on the first deposit.

Demo Account

Racefxoptions also offers a free demo account for customers to test their trading skills and new strategies. Steps to open a demo account are:

1. Create a real account.
2. Deposit funds.
3. Contact the company's staff to apply for a virtual account.

Trading Software of Racefxoptions:

The Racefxoptions platform is designed to be simple and intuitive, suitable for both beginners and experienced traders engaged in binary options, forex, and CFD trading. The platform layout is as follows:

• Left Side: Asset list
• Middle: Trading charts
• Right Side: Order area

Steps to Use:

1. Select Buy (Call) or Sell (Put)
2. Enter the trade amount
3. Choose the expiration time
4. Click confirm to trade

The RaceOption platform is similar to the SpotOption platform but has a more simplified layout. All trading information and functions are centralized on one interface, avoiding a complicated layout. The invested amount is displayed in the upper right corner, while prominent buy and sell buttons are at the bottom, allowing quick decision-making.

Overall, the Racefxoptions platform focuses on providing a user-friendly trading environment, making the trading process simple and efficient.

Trading Products at Racefxoptions:

Racefxoptions offers over 150 tradable assets, attracting investors from around the world. These products include:

• Forex Currency Pairs
• Stocks
• Cryptocurrencies
• Indices
• Commodities
• Metals

This diverse product portfolio enables Racefxoptions to meet the needs of different investors, covering multiple markets and trading strategies.

Spreads, Leverage, and Commissions at Racefxoptions:

The trading conditions at Racefxoptions are somewhat attractive, specifically as follows:

• Spreads: The website does not specify detailed spread information, which may vary by trading product.
• Leverage: Leverage of up to 1:500 is available for all account types, allowing traders to control larger positions with a smaller margin.
• Commissions: The main commission charged by Racefxoptions is 0.07% of the transaction value for carrying forward the trade position to the next trading day (swap fee).

Additionally, the minimum deposit for all accounts is €/$250, allowing investors to start trading with a relatively low capital threshold.

Deposit and Withdrawal Methods at Racefxoptions:

Racefxoptions offers various convenient deposit and withdrawal methods, ensuring that investors can easily manage their funds. Specifically:

Deposit Methods

• Credit Card
• Wire Transfer
• Electronic Wallet
• Cryptocurrency

Supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other common trading tokens. Except for wire transfers, which may take a week to process, other deposit methods are almost instant.

Withdrawal Methods

• Minimum Withdrawal Amount: $50
• Withdrawal Fees: None
• Processing Time: Requests processed within one hour and paid out as quickly as possible, depending on the withdrawal method.
  • Electronic wallets (e.g., Skrill, Neteller) and cryptocurrencies are the fastest withdrawal methods, with funds potentially returned to your account on the same day.

This diverse and efficient deposit and withdrawal method makes managing funds on Racefxoptions very flexible and convenient.

Customer Support at Racefxoptions:

Email:

• info@racefxoptions.com
• Racefxoptions@gmail.com

Phone: +1(908) 367-3840

Summary:

Racefxoptions offers a variety of trading products and services, and its platform is simple and user-friendly. However, investors need to be particularly cautious about the platform's lack of detailed corporate background and regulatory information. When choosing a trading platform, investors should exercise caution and prioritize those with transparent information and regulatory oversight to ensure the safety of their funds and transactions. It is essential to conduct thorough research and risk assessment before making any investment decisions. Racefxoptions is listed as "Suspected Fraud" on TraderKnows.