Americans should only trade on the CFTC regulated exchange Nadex.
RaceOption is a binary options broker owned by Race Projects Ltd., located at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles. Their contact phone numbers are; USA (829) 954-8392 and United Kingdom +44 20 3808 8047. Their email address is; support@Raceoption.com.
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RaceOption Broker Review
RaceOption uses a unique Binary Options trading platform with a nice variety of assets available for trading. Traders can utilize Turbo option trading in one minute increments up to 30 minutes. Intraday options have expiry times at each hour, and long term options are have daily expiry time up to one month out. Payouts on the options are from 75% to 95%.
For Forex traders they offer options on major currency pairs and also many smaller currency pairs, like the Singapore Dollar, the Rand, the Turkish Lira, and Russian Ruble. They offer many methods for funding your trading account including; BitCoin, Skrill, Neteller and Credit Cards or Wire Transfer. Minimum deposit for a new account is $250.
Race Option License & Regulation
When scam broker reviews a binary options broker to determine if they are a scam broker or a legitimate broker, we check to see if a regulator like CySEC in Cyprus, or ASIC in Australia gave them a license. We also check if they are registered with ASIC Australia or the CFTC in the United States.
While reviewing RaceOption, we see that they are licensed in Vanuatu, under the name FGC – Finance Group Corp., 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu. Traders looking for a locally licensed broker should see the list of licensed broker here.On November 11th 2016 Finra wrote an investor alert regarding binary option scam brokers. Read entire alert on FINRA’s website, see here.