Get In On The Race – Trading Contest At RaceOption

Greg Boudonck/InvestingOnline.com 25/04/2018, 11:28

We all love contests don’t we? Especially if you can profit off trades you make in binary options or CFDs and still win more in a contest (for binary trades).

RaceOption is a fairly new broker who got started in 2017.

Using their great proprietary platform, you can make fast, medium and long term trades.

RaceOption’s platform is available in regular web format as well as mobile applications, so you can be involved in the RaceOption trading contest no matter where you are.

Is RaceOption Safe?

I have not found any major complaints against RaceOption. The broker is headquartered in Seychelles and I don’t see where they hold any licensing. But this is common with new brokers who are getting established.

Does The RaceOption Trading Contest Favor Experienced Traders?

From what I see, the trading contest is fair to both amateur and experienced traders in that it is based on number of trades and not if you win or lose the trade.

Here are some of the RaceOption Trading Contest particulars…

• Winners are determined by number of trades within a week’s time… No matter if they win or lose.
• The first 4 places get percentages of $20 000 in cash. And other places will win prizes and bonuses.
• Every trader at RaceOption is automatically entered in the contest.
• The contest runs from Sunday to Sunday.
• Only binary trades count for the contest, not CFD trades. The minimum trade amount must be $10.
• RaceOption notifies winners by email.

RaceOption Trading Contest Stipulations

The minimum deposit at RaceOption is $250. To receive a prize, your minimum balance must be at $250 in real funds, not bonuses.

If you win a bonus prize, you have the right to not accept as there are minimum trading requirements that must be met before you can withdraw bonus monies.

Thoughts

CySEC and other regulators have stopped most brokers from offering bonuses, but RaceOption still offers these bonuses.

Always read the terms and conditions before accepting bonuses because with them on your account, withdrawals can be difficult if you have not fulfilled the minimum trading requirements.

But, the possibility of winning in a trading contest can make trading in binary options more exciting.

Just remember, trade responsibly. Binary options and CFD trading does carry high risk.

If you have participated in the RaceOption trading contest and would like to tell us more, feel free to comment.