RaceOption.com Review

1.327 • 11 REVIEWS
Out of business
Updated: Oct 25, 2022
June 22, 2018: The French AMF has issued a warning about unauthorized forex brokers. RaceOption.com is on that list. CLICK HERE to verify.
RaceOption.com
Out of business
1.327 • 11 REVIEWS

Recent User Reviews of RaceOption.com

E
Emmykris
Nigeria, Nigeria,
Oct 23, 2021,
Registered user

Raceoption blocked my account for reasons unknown to me

Service use: Live Length of use: 0-3 Months
Raceoption is about to make me lose my dad because they refused to pay me my money
They really don’t think about the users but only themselves
If you make money with raceoption they won’t pay you but rather block your account who do you think gets the money them
If I lose my dad raceoption I will make sure you guys pay
No one will ever register with raceoption I will take you guys down for being so selfish

But if I get my money back I will come here and take down this post
R
Richard
Ontario, Canada,
Mar 4, 2021,
Guest

Cannot Withdraw Account Closed Forever

Service use: Live Length of use: over 1 Year
I made over 22K USD and tried to withdraw more than I deposited via bitcoin, but they shut down my entire account permanently. They may not even refund you your entire initial deposit. Do not get involved with this broker at all, for they are unlicensed and unregulated.
1 trader has found this review helpful
C
Chiugo
Montreal, Canada,
Jan 30, 2021,
Registered user

RACEOPTION IS A SCAM AND A CRIMINAL COMPANY

Service use: Live Length of use: 0-3 Months
This is the worst experience i've ever had with a broker for such a criminal company like raceoption. I have had a variety of issues with manipulations of my trades as well as SCAMMING ME by refusing to release my balance. I didn't choose any bonus so my finances to be released to me. This is really a criminal company as i have sent my PASSPORT, MY RESIDENCY CARD AS WELL AS MY LIcense and they still REFUSE to refund me my balance. I am still talking with them and it makes no sense for me to BEG ANY company for my money...

I will continue to write this review everywhere i go daily as well as share it with my IM trading community because this is a fraudulent company and i am going to start a case against them... I want my money back
A
ASilem
Mx, Mexico,
Dec 28, 2020,
Registered user

Manipulated times and "rollovers"

Service use: Live Length of use: 6-12 Months
You start by making winning trades for a while and after starting to grow your account they reduce the time of the rollovers. When contacting the support team they reply that you make trades in less time and that you should use "fix time". When verifying that this is not the case then they claim that they are doing these actions because they have "hackers", as is I was a "hacker".
So they take 30% of the total transaction that you initiated by rollover and give you less time, when they should double the time of the transaction. Be careful, they are not to be trusted.
F
FADIL
FERIZAJ, Kosovo,
Aug 16, 2020,
Guest

I INVESTED $300 TO RACE OPTION,

Service use: Live Length of use: 3-6 Months
I INVESTED $300 TO RACE OPTION,
AND WHEN I ASKED TO WITHDRAW TO SAME METHOD (BTC) THEY DONT REPLY ,AND I WON 10 TRADES LAST NIGHT AND THEY DID SOMETHING THERE BEHIND TO MAKE ALL TRADES LOST, LIKE I DIDN'T WIN NONE!
SO I TOOK A PICTURE OF THE CHART OF PRICE ON THE TIME OF EXPIRY, I JUST HOLD THE MOUSE ON THE CHART AND THE PRICE WAS ALMOST 100POINTS MORE...SO THEY SAY ,NO ITS CLOSED CORRECT...

SO PLEASE DONT INVEST MONEY ON RACEOPTION.COM
THANKS
C
Carmelo
Colchester, United Kingdom,
Apr 26, 2020,
Guest

RaceOption??? They are SCAMMERS!! STAY AWAY FROM THEM

Service use: Live Length of use: 0-3 Months
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.
1 trader has found this review helpful
B
boudy55
Egypt, Egypt,
Feb 27, 2020,
Registered user

AMAZING BROKER

Service use: Live Length of use: over 1 Year
Well, I have no idea why all these bad reviews! I'm a trader with RaceOption for pretty long times it's been years now! and I have never faced any problem in withdrawals or activating my account with the documents! I have to say this is an AMAZING BROKER!
S
Sohel
Bangladesh, Bangladesh,
Nov 21, 2019,
Guest

False advertisement, stay away!!!

Service use: Live Length of use: 0-3 Months
They advertise that they will give you the withdrawal within 1 hour, but when you deposit, there's no way you're getting your money back.

They have a pretty strategic way of seducing you with some "strippers" in live chat option. Don't fall for that.
Forex Peace Army
Review moderation team note
Could you please provide more details about this unusual method of dealing with clients?
M
Mark
Utah, USA,
Jun 24, 2019,
Guest

Withdraw Stolen

Service use: Live Length of use: 6-12 Months
My withdraw has been over 2 weeks now, I dont believe i will see my 675.00 again.... They say withdraws in 1 hour, bunch of scammers !!!!!!
1 trader has found this review helpful
C
cristiano
São Paulo Brasil, Brazil,
Jan 28, 2019,
Registered user

race option is a scam.

I'll say what I think of the race option in a nutshell My name is Cristiano I'm Brazilian I started to negotiate with the race option at the end of the year 2018 and I was literally stolen I made an initial deposit of 250 usd I was able to make 3 or 4 withdrawals of low values 50 usd at most 100 usd after 2 weeks of trading I asked for a withdrawal of 200 usd and they simply blocked my account with all my balance and said my account was being blocked for suspected fraud summing up anyone who makes money at the brokerage race option will have your account blocked.
1 trader has found this review helpful