RaceOption is an offshore binary options broker that continues to attract traders from regions with limited access to regulated platforms—Russia included. In a market where many brokers have dropped binary options entirely, RaceOption still offers short-term binary trading, crypto funding, and a user-friendly platform with a low barrier to entry.
It’s not without risk—there’s no regulation, no guarantees, and no shortage of questions about long-term safety. But for Russian traders specifically looking for a platform to place binary trades quickly and without restrictions, RaceOption has become a go-to option.
Is RaceOption Legit?
RaceOption is not regulated by any major financial authority. It’s owned by Race Projects Ltd, registered in the Marshall Islands, a popular offshore jurisdiction used by many binary brokers operating outside of Europe and North America.
There is no license from the FCA (UK), CySEC (EU), or ASIC (Australia). That means no investor protection, no legal fallback, and no official oversight. You’re trading at your own risk, and relying on the platform’s own internal rules for fairness and dispute resolution.
However, RaceOption has been active since around 2017, which gives it a bit more credibility than newer or fly-by-night operations. Still, it falls firmly in the high-risk, offshore category.
Binary Options Trading on RaceOption
Binary options are the core of RaceOption’s offering. The platform supports:
- Expiry times from 30 seconds to 1 hour
- Payouts ranging from 70% to 90%, depending on asset and expiry time
- Asset classes: mostly forex pairs, plus some indices, commodities, and cryptocurrencies
- Minimum trade size: $1
There’s no advanced order functionality, no trailing stops, and no post-entry trade management. This is binary trading in its simplest form: pick direction, choose expiry, set amount, and wait for the outcome.
The charting interface is basic—enough for simple trades, but not suited for technical analysis beyond the basics. That said, for short-term binary options traders, particularly in Russia, functionality over complexity tends to be the appeal.
Why Russian Traders Use RaceOption
Access is the big draw. RaceOption accepts traders from Russia with no restrictions, making it one of the few remaining binary brokers still open to the region.
Key reasons Russian traders continue using RaceOption:
- No account bans or IP blocks
- Crypto-friendly deposits and withdrawals
- No extensive KYC required for basic accounts
- Website interface available in Russian
- Low trade minimums and deposit requirements
While not a fully localized platform, the Russian-language site and simplified funding methods make it usable for most Russian-based traders without needing workarounds.
Deposits and Withdrawals
- Minimum deposit: $250
- Minimum trade size: $1
- Deposit methods:
- Bitcoin, Litecoin, Ethereum, USDT (Tether)
- Credit/debit cards (region-dependent)
- Perfect Money and other e-wallets
- Withdrawals: Usually processed within 1–3 business days. Crypto withdrawals are typically the fastest.
There are no explicit withdrawal fees, but there may be hidden charges through crypto processing or third-party gateways. As with any unregulated broker, withdrawal delays are possible, and user experiences vary.
If you deposit, withdraw small and frequently, especially if you’re trading successfully.
Account Types and Features
RaceOption offers three account tiers, based on your initial deposit:
- Bronze ($250+)
- 20% deposit bonus
- 1-hour withdrawals
- Demo account access
- Silver ($1,000+)
- 50% bonus
- Personal manager
- Copy trading access
- Gold ($3,000+)
- 100% bonus
- Master class sessions
- Higher priority withdrawals
All bonuses come with volume requirements that restrict withdrawals until certain trade limits are hit. If you accept a bonus, read the terms carefully.
Demo accounts are only available after deposit, which is not ideal for beginners testing the platform.
Copy Trading and Platform Usability
RaceOption offers a copy trading feature, allowing users to mirror trades from “top traders” on the platform. There’s limited transparency about how these traders are ranked, so it should be used cautiously.
The platform itself is browser-based and optimized for mobile. There is no standalone mobile app, but mobile trading via browser works well enough for binary execution.
There are no advanced charting tools, indicators, or integrations like MT4/MT5. It’s a plug-and-play setup for quick binary trades, not technical analysis.
Support and Language Access
- 24/7 live chat and email support
- Website available in Russian
- Support staff can handle basic Russian inquiries, though fluency varies
- No phone support
Support is hit or miss. Some users report fast, helpful answers; others complain of delays, especially for withdrawal issues or bonus disputes.
Security and Regulation
RaceOption is entirely unregulated, meaning:
- No fund segregation
- No third-party oversight
- No guarantee of withdrawal
- No official complaints process
All disputes are handled internally, and the company’s decision is final. This is the tradeoff for easy access and flexible funding.
Use RaceOption only if you fully accept the risks of trading with an offshore platform.
Should Russian Traders Use RaceOption for Binary Options?
If you’re based in Russia and want to trade binary options with crypto funding, fast registration, and no restrictions—RaceOption fits that profile.
But it’s important to understand what it is: an offshore, unregulated broker offering a risky product. If you’re using RaceOption, it should be for small trades, quick speculation, and only with money you can afford to lose.
The platform is functional, accepts Russian traders, and pays out—at least for now. Just don’t expect long-term account security, transparency, or regulatory protection.
Final Verdict:
- Binary Options Availability: ✅
- Russian Traders Accepted: ✅
- Crypto Deposits: ✅
- Russian Language Support: ✅
- Copy Trading: ✅
- Regulation: ❌
- High Withdrawal Risk: ⚠️
- Demo Only After Deposit: ⚠️
RaceOption gives Russian binary options traders a functioning, accessible platform with low trade minimums and fast deposits. But it’s unregulated, bonus-restricted, and entirely self-policed.
If you’re trading here, keep positions small, treat bonuses cautiously, and withdraw profits as soon as possible. Use it like a tool—not a trusted financial partner.