RaceOption has a rating of 1.8 stars from 33 reviews, indicating that most customers are generally dissatisfied with their purchases. RaceOption ranks 84th among Brokerage sites.
Withdrawals processed within 60 minutes are more than a promise; they're a reality, reinforcing trust in the platform alongside access to diverse trading markets. The user-friendly interface facilitates efficient trade management, while copy trading enhances learning.
Their platform promises attractive returns, but it's all smoke and mirrors. I strongly advise against getting involved with RaceOption, as my experience suggests they are operating as a scam. Be cautious, as engaging with them could lead to financial loss and other negative outcomes. I was able to recover my money, but it was only possible through external assistance. (I used their website URL as my display name and profile picture on this review in case anyone needs help or wants to reach out for support). Note: Due to the strict policy here, I'm sharing this purely to help others recover their funds.
Their platform promises attractive returns, but it's all smoke and mirrors.
I strongly advise against getting involved with RaceOption, as my experience suggests they are operating as a scam. Be cautious, as engaging with them could lead to financial loss and other negative outcomes. I was able to recover my money, but it was only possible through external assistance. (I used their website URL as my display name and profile picture on this review in case anyone needs help or wants to reach out for support).
Note: Due to the strict policy here, I'm sharing this purely to help others recover their funds.
Date of experience: October 8, 2024
RaceOption is a big SCAM. Do not invest your money here. They intentionally refused to allow me to withdraw my money even after passing all the verification. I made a withdrawal request and they suspended the account. My account was suspended for no reason after waiting for 2 weeks while the operator told me that they were processing my withdrawal request. Do not invest with this broker as you will never see your funds again! They are very deceitful and all a bunch of scammers!
Tip for consumers:
RaceOption is a big SCAM. Do not invest your money here.
Date of experience: November 2, 2024
I have been requesting for withdrawals countless times, each time I try they will find an excuse, they come back to say I should cancel the withdrawal or reduce the amount and process another one, such frustrations yet they refuse to pay. I got tired of it and when after I tried logging in again their website was not functioning.My loss and withdrawal issues has been resolved and my money returned, my email is on my profile write me i am willing to share helpful tips about my procedures.
Date of experience: August 12, 2024
I was going through my phone and saw this company online and i did my research and decided to Invest in this company not knowing i was about to get scammed because when everything was going fine until i decided to place a withdrawal because it says i was now eligible to withdraw just for them not to allow me withdraw my money and they cant provide me a valid reason for that. Luckily i was able to report them to S_P_E_C_T_R_.U_M_C_R_E_S_T which is a company that helps victim retrieve their lost funds.And they helped me get back my money including the profit too
Date of experience: October 29, 2024
Withdrawals processed within 60 minutes are more than a promise; they're a reality, reinforcing trust in the platform alongside access to diverse trading markets. The user-friendly interface facilitates efficient trade management, while copy trading enhances learning.
Date of experience: July 11, 2024
Maybe I need some time to fully understand the platform. However, I appreciate the variety of trading markets. Also I significantly increased the profitability of my portfolio.
Date of experience: October 2, 2024
Excels in swift withdrawals, promising to initiate them within an hour, a commitment they consistently fulfill. This reliability assures traders like me that funds are readily accessible. Instant deposits further enable quick response to market shifts,crucial for active trading.
Date of experience: July 7, 2024
RaceOption has revolutionized my trading experience with its fast deposits and withdrawals. This enhances trading fluidity, ensuring my funds aren't held up by slow processing. The user-friendly interface makes navigation effortless, catering to both beginners and experienced traders. Yet, the absence of MetaTrader 4/5 limits detailed strategy formulation, a drawback for analytically-driven traders like myself.
Date of experience: June 27, 2024
I got tired of their endless excuses, i realized they are never going to payout. I did everything they asked of me because of my withdrawal but i was still ignored after everything. They are liars and cheaters and will do anything to make you lose all your deposits. Many people are seriously out of pocket because of them including myself until recently, i got withdrawal assistance with a team of skilled investigators and my case was easily resolved. Withdrawal is easy and possible i have proofs, my email is on my profile message me.
Date of experience: June 20, 2024
For any casual investor just looking to slowly build up their portfolio and net worth, I can't recommend this broker enough. The ability to copy the trades of experienced investors is such a valuable learning tool. It's helped me steadily grow my account balance without taking on too much risk while I get more experience under my belt. And it's so easy to fund trades instantly and withdraw profits quickly, thanks to the speedy banking systems in place. My only gripe is not having the MetaTrader platform available, but the simple interface works perfectly fine for my needs.
Date of experience: June 12, 2024
I've been using this broker for a few months now and I'm continually impressed at how smoothly everything operates. Being able to trade nearly any asset class on one streamlined platform is so convenient. And the customer support has been stellar anytime I've had a random question. But what really sets them apart are the crazy fast withdrawal times - I've legitimately had money hit my bank within the hour on multiple occasions, which is just insane! The fact that this broker is not available in the US is a bummer, but not a dealbreaker by any means. It's a well-oiled trading platform overall.
Date of experience: June 5, 2024
They only give excuses and never give your money back. You can put pressure on them to give money and they will only give you more excuses. All lies. Biggest disappointment and I'm lucky it wasn't thousands of dollars. I know better now! Unregulated brokers are a rip off and buyer beware. Kept asking me to prove who I was and then they closed my account after I did. Con artist.
Tip for consumers:
This was the worst experience but I’m glad I have some place to review and expose this scam company.
Products used:
Day trading Forex
Date of experience: March 10, 2024
The process was so fast that i didn't notice it was a scam. I was rushed into making series of payment but when my scheduled payout was due, my account manager disappeared and stopped responding to my messages. I contacted support but they required further payments to authorise withdrawal. Thankfully my daughter suggested a company with trained private investigators and data analytics which were able to track the payments i made and get my money back. Do not hesitate to contact them with the details below if you are having similar problem.
Company Name: Affinity Intell
Email: *******@affinityintell.com
Date of experience: January 9, 2024
They never let you withdrawal your money and my funds only keep getting lower over the one year of attempting to withdrawal. They just keep giving excuses of why I can't withdrawal at the moment.
Date of experience: February 17, 2024
I've attempted multiple withdrawals, but it never succeeded. They consistently provided excuses, making it impossible for me to withdraw funds. Recently, they've even begun to disregard my withdrawal requests altogether. They abruptly canceled one request, citing a lack of confirmation from my end, despite my immediate response upon receiving their confirmation emails. My advice is not to invest any more money, as you're unlikely to ever recover your funds.
Date of experience: August 19, 2023
My mom and I both used this broker. I experienced a lot of trouble withdrawing and communicating with support, especially after I used my referral link.
My mom did very well on her account for a week then all of a sudden things took a turn. She was using my laptop to trade because it has a bigger screen and when she went to withdraw they denied her for suspicious account activity. She needed to confirm identity and call, from that moment forward, basically every trade she took lost. Complete broker manipulation and spike outs. She had grown her account to $9,000 then straight downhill.
I'd research other brokers and find a better option.
Tip for consumers:
Don't accept bonus or use referral link. Only withdraw 5% or less at a time
Products used:
Broker service
Date of experience: February 23, 2022
I put in just under $1,600 and they matched me at 110%. I have over $2,200 left and they are saying I have a $0 balance. I should be able to get back $500 give out take a little bit but they are keeping my money. When I first opened an account I used their savings plan with my money and they would only allow what I physically put in and out was locked up for a month. They didn't give me any of the interest I was supposed to earn. This site is a scam. When you follow traders it doesn't let you follow until they are halfway done, even when you start it right after them, so your option trading starts at a different point then the person you are following so most of the time you lose.
Products used:
Options trading
Date of experience: October 25, 2023
I invested a lot of money over 20k and they will not let you withdraw. They are a total scam I still have a withdraw pending over two months ago they call you with lies trying to get you to take a bonus so you can't with draw. Please dont get trapped off! As you can see they except your deposit with no problem and thats not half of what I deposited. You have be warn! And please make sure you let everyone else know too.
Tip for consumers:
If you want to invest anyway invest very little because they may let you withdraw a couple hundred but thats just to hook you be careful but I say dont give your money away to scammers!!!
Products used:
Raceoption binary trading platform
Date of experience: January 2, 2022
Whatever you do do not use this broker. I had been trying to withdraw my funds for days and they would never process my withdrawal. I had call, and been emailing them in regards to my withdrawal and they kept giving me some bull$#*! run around. Finally I receive an email from them saying they had to close my account because of suspicious activity. They just did this to take my money. My account been opened for months and I didn't actually use this broker to trade until a week before posting this. I went and saw a lot of people have experienced this same issue. I will only use pocket option from now on they are the only reliable broker I have used. Attached are photos that it shows how they kept rejecting my withdrawal request and I'm still waiting on my initial deposit that they claim they are sending back
Date of experience: March 3, 2022
I deposited the minimum and took no bonuses. I didn't want to get trapped into doubling the earnings. I decided it was not for me so I requested my funds...
Nope, my first 2 requests rejected. Then on my 3rd attempt they called me to try to persuade me to leave my money. Now, my request is just pending. Everyone should file a consumer complaint with the Feds.
Date of experience: October 6, 2022
This Broker Is The Example Of A Scam Broker. Also They Are Videforex Partner Is Well, Yes They Will Allow You To Deposit All Day Long, But That's Absolutely It. Their Platform Is Manipulated To Where You Can Be Winning A Trade For The Entire Expiry Time And All Of Sudden A Huge Long Line Takes Out Your Trade In The Last 10 Seconds (See Picture Below). If You Are Able To Call Some Some Good Trades And Start Building The Account Now They Will Manipulate Your Strike Rate 40 to 50 Points Above Or Below Where You Wanted To Enter, There's So Much I Can't Cover It All. TRUST ME JUST STAY AWAY SAVE YOUR MONEY AND WAIT UNTIL A LEGITIMATE BINARY OPTION BROKER ARRIVES SOON. POCKETOPTION IS OK
Date of experience: December 4, 2023
A $#*!ing Scam & Needs to Be Banned Entirely! Do not use this broker they will take from you! Stay away!
Products used:
It’s offshore trading broker that scam people out of their profits
Date of experience: February 1, 2024
It is a scam. They dont allow you to withdraw any of your money and customer support is usefull. Stay as far away as possible
Date of experience: January 21, 2024
I will like to share I never like to write about bad about any company or organization but I just feel I have to speak my truth about this particular company. I have been investing with this broker for sometime now and there has been issues. I do know there's rules when it come to withdrawing funds and I have turned over my account several times in order to withdrawal and there's just always an issue. Recently, I put a request in to withdrawal only $2100 and asked them first by email can I withdrawal this amount and they said yes so I see it as no limit. I put this request in 06/28/2022 and didn't receive a call until 07/13 from "success manager" who verified my information and told me I will receive my payment 07/15/2022 and never received anything. I had reached out to follow up to see what was the issue and why didn't I receive my payment and wasn't get any responses. The "success manager" said I was in line and that payment should be executed and fast forward today is now 07/21/2022 and I still have not received my payment from this broker. I am a consistent investor and will like to get help on this matter. I have emailed this company several times and also called them too nothing has changed. I think a company that behaving in this matter and just scamming should not be able to provide any financial service and it's not a good look shows bad business. So anyone from this company is reading this I will like to just receive my payment that I requested and move forward.
Tip for consumers:
I will like to share I never like to write about bad about any company or organization but I just feel I have to speak my truth about this particular company. I have been investing with this broker for sometime now and there has been issues. I do know there's rules when it come to withdrawing funds and I have turned over my account several times in order to withdrawal and there's just always an issue.
Products used:
I used a binary options broker that go by reception and was an consistent investor.
Date of experience: July 21, 2022
Withdrawal process takes ages.
You will not received money with your withdrawal request, they will not give you bonus that you earn in trading contest
Date of experience: July 18, 2022
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