Raceoption is currently among the most top-rated binary brokers, and many professional traders call it convenient and rather profitable in the long term. However, according to Traders Union surveys, some novice traders get disoriented by its interface, so its experts have made a brief guide on how to create your first account on Raceoption and start trading. Read on to get the highlights of that guide and find out more about the broker itself.
Basic information
Established in 2017, Raceoption is currently known as one of the most novice-friendly and convenient international brokers who allow you to trade binary options. It operates across numerous countries for thousands of active traders, but it seems to be especially popular in Europe, Mexico, and Nigeria. The broker is not particularly well-regulated, but it has earned the reputation of a reliable and trustworthy financial intermediary. Online reviews show that traders praise its trading conditions and asset choice, and the copy trading service offered by Raceoption is known as a great source of passive income.
Trading conditions
Raceoption offers you binary options for a well-balanced choice of trading instruments. It includes 75+ stocks of major corporations from various countries, about 25 currency pairs, some commodities, and about 30 indices from the largest markets. The broker has its own proprietary trading platform, and it’s possible to use leverage rates of up to 500:1 to enhance your trading experience. Initial deposit might be as low as $10, but you can also start with a free demo account to learn how binary trading works in order to protect your money from possible risks. Let’s check out how to buy/sell on Raceoption.
Making First Trades
First of all, you need to create your own account. On the website, look for the Register button. Click it, and a form will appear. Enter all the required details, and don’t forget to include a valid phone number: without it, you won’t be able to use the broker. If you have a promo code, enter it here as well. End the registration process and log in to start trading. Beginners are advised to find binary options signals so that the first trades are profitable and gain experience. The broker has a convenient dashboard that allows you to switch between its features with ease. Choose an asset, set time and trade amount, and then open your position. That’s it, and if you want to learn a bit more, the full guide is in the Traders Union article.