RaceOption Review – See Why RaceOption Is a Trading Scam

Is RaceOption a legitimate broker?

RaceOption, a binary options broker, was established by Race Projects Ltd in 2017. The Marshall Islands is where the company is located.

Finance Group Corp was found to be the parent company and final owner of RaceOption and Race Projects Ltd. This company is known for its frauds. It has been warned by the US CFTC not to be trusted. Finance Group Corp is also registered in Vanuatu.

This broker has a suspicious history and a more suspect website. RaceOption, like many other shady offshore brokers does not provide any information regarding funds safety or data security. RaceOption broker isn’t licensed to trade.

Financial regulators warn of potential dangers

RaceOption was a company that is allegedly a scam. We decided to investigate whether any regulators had noticed the broker. The answer is yes.

We found warnings from French, Portuguese CVM and Belgium FMSA. Also, we could find CONSOB and Spanish MVM. These warnings all say the same thing: this broker is a fraud. Don’t fall for it. Report it immediately if you find out!

A long list of regulatory agencies against one brokerage. We can now say without any doubts that RaceOption does not operate as a broker. It is a scam with binary options.

How do scam trading robots work?

Robot trading is the latest weapon in the arsenal of scam brokers. If you only deposit 250$, the broker or the advertisement of a broker will tell you that you are guaranteed 99.9% success. After you deposit the money, you’ll find yourself 250$ in negative and will never see them again. You will hear a wonderful story from the broker about an artificial intelligence system that allows you to click one button, and it works for you.

Robots predict the market and place trades. Almost kissing you good night. You just need to log in occasionally to see crazy amounts of money. It sounds great. It is easy to be busy and not have the time to trade. The technology is also advanced.

Why can’t we have a robot that trades on its own? These robots are real, but licensing costs a lot. Scam brokers want quick and easy profits. They convince clients that they have the license to such software, when in fact they probably never saw it. They learned how it worked and decided to make it a business. You might even get some big numbers after you have bought that story. How?

The broker is manipulating market. Scam brokers offer only web traders, just like RaceOption. Web traders, as we all know, are not as secure as MT4 and MT5 respectively. The broker can design the web trader and he has complete control. He can alter the prices to make it appear that you have made a lot. He can make it look like you’ve made a lot of profit, but he can also change the price to make it look like you lost a lot. It looks like you lost a lot. It’s not the broker’s fault. It’s always your fault. You will realize that you have been duped after you see your thousands of dollar disappear.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

RaceOption: Video

Below you will find a short video about RaceOption. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about RaceOption!