Raceoption Review | Newest US-Friendly Broker

Raceoption Review Introduction

raceoption review 2018 start trading bannerRaceoption is the latest binary options broker to enter the market serving US traders, and has quickly gained popularity with US, and worldwide clients. This is very welcome news for a rather neglected market segment. Due to regulatory challenges there are currently only a few brokers willing to navigate the obstacles and offer their services to clients based in the US. So any additional competition in this area is a net positive for traders, even if they use another broker. But we wanted to know whether or not Raceoption actually stacks up to the competition, and if they are worth considering as an option for US based traders. So that is what we set out to find out by opening a standard, $250 minimum deposit trading account with Raceoption and then taking the platform and service for a 30-day “test drive” for our 2018 Raceoption review.

Raceoption Basic Information

Website: http://www.raceoption.com/
Accepts US Clients: Yes!
Minimum Deposit: $250
Deposit Bonuses: Yes. From 20% – 100% (Based On Deposit Amount)
Free Demo Account: Yes (For Clients Only Though)
Trading Platform Technology: Proprietary
Mobile Trading App: Yes. iOS and Android.
Contract Types: Binary Options, CFD/Forex, High/Low, Turbo, Long-Term, One-Touch
Asset Selection: Over 150 Underlying Assets

Read On For Our Full-Length Review…

Raceoption Platform And Features Review

The Raceoption trading platform is a proprietary (built in-house) software which offers a smooth and intuitive trading experience for traders of all skill levels. The platform also includes a host of helpful features to make your trading experience a more pleasant, and hopefully more profitable one. We felt very comfortable trading on the platform during our 30-day review period there, and experienced no major problems. And in addition to the standard binary options contracts offered by all brokers, Raceoption also offers a selection of leveraged CFDs, and Forex currency pairs to trade on. The trading mechanism remains the same for all three contract types, however, so it is uncomplicated to switch between contract types.the raceoption trading platform review image

Key Features And Advantages

From the main trading screen (seen above) you will have access to special features like the weekly Raceoption trading contest. As well as the very popular copy trading feature (which will be briefly covered below). You will also find tabs for other features like advanced charting, technical analysis, fundamental analysis, market news, free trade pattern ideas, and even a helpful events calendar to help you “trade the news”. The most popular feature of them all, however, is probably their copy trading feature which we mentioned above. This great feature allows you to sort through and follow traders, and then “copy” the trades of the most successful traders on the platform. This can be especially useful for new traders to make a little money, while learning from the best about the ins and outs of what makes for a good trade. We played around with this feature quite a bit during our time there. It was largely responsible for the small amount of profit we ended up making by the end of our 30-day Raceoption review period.

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In addition to the features described above Raceoption also offers the popular “Double Up,” “Rollover,” and “Sell Out” trading options. These are fairly standard offerings among binary options brokers these days. But if you are unfamiliar with them you can read up on these features under the “FAQ” section of the Raceoption website. Additional advantages of Raceoption are their live chat feature, the $1 minimum trade size, and their one-hour withdrawal processing times. All together this made for a very pleasant trading experience during our time there. It is clear to us that Raceoption offers one of the most competitive services among US binary options brokers.

Raceoption Contract And Asset Selection Variety

The Raceoption trading platform offers contracts for binary options, leveraged CFDs, and Forex currency pairs. Between these three contract types they offer a total of over 150 underlying assets on which to base your trades. This is great as it means that there is always trading action to be found. Any time of day or night, Monday through Sunday, 365 days per year! Below you can see a breakdown of the various assets offered for each general category of asset.

  • Stocks – 80
  • Currency Pairs – 36
  • Commodities – 9
  • Indices – 37
  • Crypto – 14
  • Grad Total – 176 Underlying Assets

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Raceoption Review Conclusion

At the conclusion of our 30-day review period we had a balance of $323.55. This makes for a profit of $73.55 on our original investment of $250. Not exactly getting rich here, but not bad considering we usually lose some money doing these reviews. This is due to the wide variety of trades we make to get the best feel for a platform and all it has to offer. That makes it hard to follow any real strategy. You should always have an overall strategy for your own trading. Do as we say, not as we do! Once we requested our withdrawal of funds (an important test), it was processed in about two hours. After that it took about a day to show up on our statement. This is a bit better than industry standard in our experience.

Our overall experience with the trading platform and customer service was quite good. We can definitely recommend this broker as a good choice to our fellow traders in the US (and elsewhere). If you have any experiences of your own with this broker we would love to hear from you! Please feel free to leave a comment below with your own Raceoption review experience, or simply contact us and leave your experience so we can share it with others. Happy trading!

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60-Second Binary Options Trading Tips For Beginners

60-Second Binary Options Trading Tips

60-second binary options trading tipsThe only thing better than generating profits is generating fast profits. 60-second binary options trading allows us to do just that. And actually an accurate title would have to include 30/60/120/300 second options as well. But that would make for quite the cumbersome title wouldn’t it? However, we will be touching on those other short expiry windows.

It is entirely possible to earn hundreds or even thousands of dollars in a very short time if you do your homework and make wise trades. On the flip side, fast trades can equal fast losses. So, let’s examine the best use of this type of trade. When short expiry time periods first entered the marketplace 60-second binary options trading was the only option. Today, most binary options brokers now include additional expiry times of 30, 120 and even 300 seconds. What each of these expiry times present you with is the opportunity to generate profits from short-term price movements. They also give you the chance to profit from multiple consecutive trades whenever the price of an asset is strongly trending.top 60-second us binary options broker raceoption

60-Second Binary Option Trading And Volatility

Keep in mind that a large trade volume is quite easy to accomplish under such circumstances. Almost unavoidable for that matter. Asset prices do not remain the same for very long. There is a constant push and pull in the market. Constant buying and selling is always pushing asset prices in both directions at once. For traditional market traders volatility can be quite frustrating. For the binary options trader it can be quite profitable.

A long-term price trend can allow you to lock in a large number of profitable trades in a relatively short time. Brokers offering 60-Second binary options trading (Our pick for US traders – Raceoption Review) will allow you to profit from much shorter-term movements. Essentially adding a multiplier to your profit margins. These movements can be reasonably interpreted on the asset price chart of your choice with a little practice. Risk is always a part of trading though. No matter what it is you are trading. The risk level associated with 60-second trades can be higher than that of other trade types. However, the danger lies in how you use and treat them.

60-Second Binary Options Trading Money Management & Mindset

If you treat these instruments with the seriousness and respect that any financial product deserves then you should be fine. If you treat them like the roulette table at a casino you’re likely to get better results just going to the casino. You should treat these financial instruments with the respect they deserve. Do not treat them as some form of gambling mechanism if you want to profit. You WILL lose in the long-run if you treat it like a casino. I can promise you that much.

Since 60-second binary options are so short-dated you must be able to know when to trade and not trade. This is an even more important skill than usual with extremely short-dated contracts like these. When market conditions are not optimal for this trade type just avoid trading. Walk away and live to fight another day. Or possibly even just select a longer expiry window, one more suitable to current market conditions. There are many choices and combinations to choose from. You should rarely find yourself in a position of not being able to find a suitable trade anywhere. One of the best things about 60-second binary options strategies is that they can reduce the time commitment needed. One analysis session could point you in the direction of several profitable trades.

60-Second Binary Option Contract Example Discussion

Lets do an example of the above discussion. If you’ve determined that an asset is likely to trend upward over the next 15 minutes you could choose to enter into several fast trades. This allows you to profit from that movement multiple times in a short period. When 60-second binary options trading was first introduced they were an immediate hit. Traders were clearly able to see the benefits of being able to opt for much shorter expiry periods. This is the best way to profit from short-term price movements (but they can be hard to predict). Some traders exclusively use this trade type now. However most choose to mix things up with the trading of multiple contract types. There is no right or wrong though.

Good luck to everyone in all your trading activities! Whatever they are and wherever they are done!

24Option Review 2017 – A New Look At An Old Broker

24option reviews 2017 logo image24Option is one of the oldest and most popular of the global binary options brokers. And despite exiting the lucrative US binary options market in 2015, they have remained one of the most popular brokers in the EU. They have always enjoyed a great reputation among traders and industry watchers but a lot has changed recently. We hadn’t traded with them for awhile and wanted to check back in and see if they were still living up to the reputation they had previously earned. Are they still competitive with other comparable brands in the industry? That’s what we wanted to find out in our updated 24Option review for 2017.

24Option Review General Information

24Option Website: http://www.24option.com/
Platform Launched: Late 2011
Accepts US Traders: No (See Raceoption Review for US-Friendly Broker)
Minimum Deposit: 250 (50,000 JPY)
Account Currencies: USD, EUR, CHF, GBP, JPY
Deposit Bonus: Yes – From 20% Up To 100%
Contract Variety: High/Low, Above/Below, One-Touch, Boundary, and Short-Term
Other Instruments: Forex and CFDs are also offered at 24Option
24Option Demo Account: Yes – But For Depositors Only

The 24Option trading platform is one of the most feature-rich platform of any binary options broker operating in the market. Generally we recommend that our readers use more advanced off-site charting software (such as the free TOS software by TD Ameritrade) for their binary options trading analysis. But in the case of 24Option we only rarely found it necessary, or even desirable to go off-site to use the more advanced, downloadable TOS charts and technical analysis tools. That was certainly a pleasant change of pace, and makes for a noticeably more convenient trading experience.

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24Option General Information & Feature Highlights

  • Trading Platform & Service Available In 16 Languages
  • Now Offers FOREX and CFD Trading!
  • Can Make Max Investments of Over $50,000+ *Highest In Industry*
  • Hard To Find Trading Options Offered
  • Large Library of Training Videos & Articles For Beginners
  • The Best Mobile Apps In The Industry That We Have Seen
  • Daily One-Touch & Boundary Options + High-Yield Weekly Variety
  • Licensed & Regulated by The EU’s CySEC
  • Frequent Promotions & Trading Contests With Great Prizes!

24Option High/Low & Above/Below Option Contracts

The above/below contracts may seem quite similar to standard high/low contracts but they work very differently. They also offer much higher potential returns. In some ways they are more similar to a one-touch option than a standard high/low option. The payouts are similar to one-touch options as well. However, unlike the one-touch these options must be ITM at expiration like the standard high/low. You won’t find these contracts at very many brokers, but they can make for some interesting trading and strategy development options.

24Option Short-Term Binary Options Contracts

Moving on to the next most popular contract variety, we have the “Short-Term” binary option. This is 24Option’s answer to 60-Second options trading. Instead of just 60-second contracts 24Option gives you a choice between 30-second, 60-second, 2-minute and 5-minute contracts. This gives the trader more flexibility in their trading and strategy development than they would with strictly 60-second options.

24Option Daily & High-Yield Weekly One-Touch Options

24Option offers both daily one-touch options and high-yield weekly one-touch which are available for trading during the weekend. The best of both worlds. The daily variety of these contracts will have smaller magnitude “strike price” levels. Therefore smaller return rates will be offered on these. For these contracts you can expect returns as high as 89%. With the high-yield weekly options they can range from around the 200%+ level to as high as 310% in some cases.

24Option Boundary Option Contracts – In/Out Options

The boundary option is one of the more rarely seen contract varieties. They can only be found at a small handful of brokers at this time. Whether or not that changes going forward will depend on customer demand, how popular they get. 60-Second options started with Traderush, for example, but eventually spread across most of the industry as their popularity skyrocketed. This is a highly competitive industry. As a general rule, the customers get what they want, or they go someone where they can get it. The future of these contract varieties depends on their success at their respective brokers.

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All told that makes seven different contract varieties just for the binary options side of things. Then of course they also have Forex and CFD trading available. Certainly one of the most diverse brokers out there offering plenty to always keep you busy. You’ll never have any trouble finding potential trades with 24Option. They could possibly use some improvement in their underlying asset selection in our opinion, but it is still pretty good, and definitely has all the most popularly traded global assets. And they make up for any lack that may exist in that department with their great contract variety. Overall 24Option may just have the best on-site trading platform of any broker currently operating in this business.

24Option Customer Service & Reputation Review

24option education center videos and articlesDuring our 24Option review period (32 days) we made a total of 4 contacts with their customer service agents. Twice through the on-site live-chat feature. Once through email. And once by phone (the last being our withdrawal request). We’re happy to report that this year they went 4 for 4 with positive experiences each time. The response times for the live-chat contacts was a matter of seconds to just over a minute. And the email question was responded to in about 10 minutes (this was during market hours). The withdrawal process was hassle free, reasonably fast, and with no withdrawal cancellation pressure.

24Option Review Conclusions

As for the reputation of 24Option, this is one of their strongest points. Within the community of binary options traders 24Option has a reputation for a long history of reliability and excellent service. You would be very hard-pressed indeed to find anyone with a legitimate bad word to say about this broker. In short, 24Option is one of the most trusted and financially sound brokers in the industry.

Overall 24Option Review Rating = 4.85/5 Stars

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As always, if you have any personal experience with 24Option you would like to share please leave a comment below! Or Contact Us. We and your fellow traders appreciate your valuable feedback!