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This broker is currently unregulated.
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Company Information
Get to know RaceOption
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Company Information
Get to know RaceOption
Raceoption is ,an online brokerage platform, a Forex and binary broker providing financial services internationally. The company offers optimal trading conditions for buying and selling assets of different groups, and it gives options to make money on binary options and copy transactions of professional traders.
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Research date: Thg 10 28, 2024
Reviews
Joel
Direct review
Poor
RaceOption has engage in unethical marketing practices
gabrielpeterson1423
Direct review
Poor
RaceOption was a complete disaster. Their trading platform was unreliable, often freezing or crashing during crucial moments
Yahaya Yusuf
Direct review
Bad
I was scammed by Raceoption, a binary option trading broker. Raceoption provides binary option trading at raceoption.com. I will describe below 3 main issues I had with Raceoption: they charged 18% of my deposit for the deposit, they save fake expiring prices to make you believe you lost the contracts even when you won them. They don’t process the withdrawals 1) They took about 185 £ from my deposit. They said "there was an 18% commission" for the deposit. However, the website does not say anything about the deposit commission, and I got this first surprise after my first deposit. So, I made a deposit of 1000£ on the 16th April 2020 with the visa debit card but then it said that the transaction failed and told me that I had to go to a third party website https://payments.changelly.com to buy 1000£ in bitcoin and sent this money to this bitcoin address: 3CwU4rUoeEmVdFAtmPD9SmbHPebuUJ4vEa. Then, after about 10 min I got only 814 £ in my raceoption account. So, they took away already about 185£ from my 1000£ deposit. 2) they used software cheats to steal the payout of 4 of my trades. I made 4 trades totalling 398.11 £. I won at the expiring time. So, I should get a 190% payout (100% of the invested money (398.11) + 90% profit of the invested money (358.30)) which was 756.41 £ (398.11 £ + 358.30 £ = 756.41 £). However, they saved in trade history a fake expiring price to make me believe I lost the trades and give me 0 £ instead of 756.41 £. I am sure the price was different than one they saved because I was looking at the price at the end of the trades. It happened 4 times in a row so I am positive they were using software cheats to steal my payout of 756.41 £. I tried to complain about that but they do not respond to my emails and calls. 3) on the 19th April 2020, I asked for a withdrawal of net balance which is 1044.97£. They said that it would be processed within one 1 hour, but it hasn't been processed yet. Now they called me and said they will need 3 days (Wednesday). Then, in the same call, I started complaining about the stolen payout (explained above) and he closed the phone. Today 26th April, it’s been a week and after all these lies they have been told me, I believe there will never going to see the withdrawal.
Social look up
Poor
Total 1 Cases
Reference of img
Thg 02 15,202408:02
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