1. Executive Summary
This report provides an assessment of RaceOption, an online trading platform primarily focused on binary options and Contracts for Difference (CFDs). The platform operates internationally, targeting a global clientele, although it explicitly states it does not offer services within the United States.1
The most critical finding regarding RaceOption is its operation without authorization from recognized financial regulatory bodies in major jurisdictions.2 While some sources mention affiliation with bodies like the IFMRRC 8, these are generally not considered equivalent to governmental regulatory oversight provided by Tier-1 agencies (e.g., FCA, CySEC, CFTC, ASIC). This lack of credible regulation exposes clients to significant risks, including the absence of investor compensation schemes and mandatory client fund segregation.
Compounding the concerns over its unregulated status are numerous official warnings issued by financial supervisory authorities across Europe. Regulators in Portugal (CMVM), Spain (CNMV), France (AMF), Belgium (FMSA), Italy (CONSOB), Norway (Finanstilsynet), and Estonia (FI) have publicly warned against RaceOption and its parent company, Makerun Corp., citing unauthorized provision of financial services and illegal solicitation of clients within their respective jurisdictions.6 Reports also mention potential warnings from the New Zealand FMA and the US CFTC.3 These official actions underscore the broker’s contentious regulatory standing.
RaceOption is predominantly cited as being based in the Marshall Islands 1, an offshore jurisdiction often associated with less stringent oversight for international financial operations. This contrasts with at least one source claiming a UK headquarters 19, adding to concerns about transparency. The combination of an offshore base, a focus on products like binary options (which are banned or restricted for retail traders in jurisdictions like the EU and UK 3), and the multitude of regulatory warnings suggests a business model potentially structured to operate outside established financial regulations.
While RaceOption offers features such as a proprietary trading platform, various asset classes, tiered accounts with bonuses, and copy trading capabilities 3, these offerings must be viewed through the lens of the high-risk, unregulated environment. The inherent dangers of binary options trading are significantly amplified when conducted through a platform lacking credible oversight and facing explicit warnings from multiple international regulators.
Therefore, potential users, particularly retail traders, are advised to exercise extreme caution. The substantial risks related to the lack of regulation, questionable fund security, potential withdrawal difficulties despite marketing claims, and the speculative nature of the offered products strongly suggest that engaging with RaceOption carries a high probability of financial loss. Prospective clients should prioritize brokers operating under the supervision of reputable regulatory authorities.
related posts : Best Binary Options Brokers (in 2025)
2. RaceOption Overview: Operations and Structure
Understanding the corporate identity and operational base of RaceOption is fundamental to assessing its legitimacy. The information available presents some inconsistencies, further complicating due diligence efforts.
The primary entity identified as operating RaceOption is Makerun Corp. This name appears consistently in regulatory warnings issued by authorities such as the Portuguese CMVM 10, Spanish CNMV 6, Norwegian Finanstilsynet 12, Estonian FI 15, and others.13 RaceOption’s own website also lists Makerun Corp. as the registered entity.1 However, some reviews and reports refer to the owner as Race Projects Ltd..3 This discrepancy could indicate a complex corporate structure, a change in ownership, or simply inconsistent reporting, but it raises questions about corporate transparency.
Regarding location, the most frequently cited and officially documented base of operations is the Marshall Islands, specifically at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960.1 This aligns with the information provided on the broker’s website 1 and the details mentioned in regulatory warnings concerning Makerun Corp..11 The choice of the Marshall Islands is significant; as an offshore financial center, it offers International Business Company (IBC) registration characterized by minimal public disclosure requirements and regulatory oversight compared to major financial hubs. Such jurisdictions are sometimes chosen by firms, particularly those in high-risk sectors like binary options, seeking to minimize regulatory scrutiny and operational costs. However, one source presents conflicting information, stating the headquarters are in the United Kingdom and the founding year was 2014 19, contrasting with other sources citing a 2017 foundation date.3 Given the weight of evidence from regulatory bodies and the broker’s own site, the Marshall Islands location appears more credible, but the existence of conflicting data points is noteworthy.
The broker operates via the website https://raceoption.com/.1 Its core business is providing an online trading platform focused on Binary Options and CFDs.3 Binary options, in particular, are highlighted as a primary offering and are inherently high-risk, speculative instruments.3 The high-risk nature of these products, combined with their prohibition or restriction for retail clients in many regulated markets like the EU and UK 3, likely contributes to the broker’s operational model outside of these stringent regulatory frameworks.
It is crucial to note that RaceOption explicitly states it does not provide services to clients residing in the United States.1
3. Regulatory Scrutiny and Legitimacy Analysis
The regulatory standing of a broker is paramount for investor protection. In the case of RaceOption, the analysis reveals a concerning lack of credible oversight coupled with numerous official warnings from international financial authorities.
3.1 The Unregulated Environment
RaceOption operates without authorization from recognized Tier-1 financial regulators, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the US, or the Australian Securities and Investments Commission (ASIC).2 This absence of regulation carries significant consequences for traders. Without oversight from a reputable authority, clients have no assurance of fair trading practices, no access to mandatory investor compensation schemes (which protect funds up to a certain limit if the broker fails), and no guarantee that client funds are held in segregated accounts separate from the company’s operational capital.3 This lack of segregation significantly increases the risk of losing deposited funds should the broker become insolvent or engage in fraudulent activities. Furthermore, there is no access to independent dispute resolution mechanisms typically provided under regulatory frameworks.
Some sources mention regulation by the IFMRRC (International Financial Market Relations Regulation Center) 8 or reference a Vanuatu license for a related broker, VideForex.5 However, it is crucial to understand that the IFMRRC is widely regarded as a private, non-governmental dispute resolution body rather than a statutory financial regulator.8 Similarly, licenses from offshore jurisdictions like Vanuatu generally do not entail the same rigorous standards or enforcement capabilities as those from major, well-established regulatory hubs. Therefore, these affiliations do not provide the level of investor protection associated with Tier-1 regulation. The broker itself confirms its unregistered status concerning the USA.1
3.2 International Regulatory Warnings
The lack of credible regulation is further underscored by a consistent pattern of warnings issued by multiple national financial regulators against RaceOption and its parent company, Makerun Corp. These warnings are not mere suggestions but official declarations that the entity is operating illegally within those jurisdictions. The consistency and geographic spread of these warnings strongly suggest a deliberate operational strategy that disregards licensing requirements in regulated markets.
The following table summarizes the documented warnings:
Issuing Authority | Country | Date (Approx.) | Entity Warned | Key Reason Cited | Source(s) |
CMVM | Portugal | Feb 2021 | Makerun Corp. (RACEOPTION) | Not authorized for financial intermediation/advertising | 10 |
CNMV | Spain | Feb 2021 | Makerun Corp. (RACEOPTION) | Unauthorized entity (referencing CMVM warning) | 6 |
AMF | France | Prior Years | Raceoption | Previous warnings mentioned | 6 |
FMSA | Belgium | 2021 | Makerun Corp (RACEOPTION) | Warning issued | 6 |
CONSOB | Italy | 2021 | Makerun Corp (RACEOPTION) | Warning issued / Website blackout possible | 6 |
Finanstilsynet | Norway | 2021 | Makerun Corp (RACEOPTION) | Warning issued | 12 |
FI | Estonia | Aug 2021 | Makerun Corp (RACEOPTION) | Warning issued | 15 |
NZ FMA / US CFTC (Reported) | NZ / US | Unspecified | Race Projects Ltd. | Potential scams due to unlicensed operation | 3 |
These official actions confirm that RaceOption has been actively soliciting clients in jurisdictions where it lacks the legal right to do so.11 The warnings often explicitly mention the risks associated with unregulated entities and the potential for investors to lose their entire investment.11 Notably, several warnings identify Makerun Corp. as the parent entity for both RaceOption and another unregulated brand, IQcent.6 This suggests a broader operational structure involving multiple unregulated platforms under common ownership, amplifying the overall risk profile associated with the group. The regulatory actions target not just a website but the entity controlling these operations.
4. Trading Platform and Service Offerings
Despite the significant regulatory concerns, RaceOption provides a platform with various features designed to attract traders, particularly those interested in binary options and CFDs.
4.1 Platform Functionality
RaceOption utilizes a proprietary web-based trading platform, accessible via desktop browsers, and also offers a mobile platform or application for trading on the go.4 The platform is described in promotional terms as user-friendly, modern, and state-of-the-art.7 It notably lacks integration with industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) 20, which are commonly offered by regulated brokers.
The platform provides standard trading tools, including charts and analytical features.3 Access to more advanced tools, such as integrated technical analysis, may be restricted to higher account tiers, specifically the Gold account.7 The reliance on a proprietary platform, particularly by an unregulated broker, raises potential concerns about transparency. Unlike standard platforms often subject to third-party scrutiny, a proprietary system gives the broker complete control over the trading environment, including price feeds and order execution, without independent verification. This lack of external validation can be a significant risk factor in an environment where the broker’s interests may conflict with the client’s, especially in binary options where the broker typically profits from client losses.
4.2 Tradable Assets and Instruments
RaceOption offers trading across a range of asset classes, reportedly exceeding 100+ instruments.4 These include:
- Forex: Major and minor currency pairs.3
- Cryptocurrencies: Including Bitcoin, Ethereum, and potentially others.3
- Stocks: Shares of global companies.3
- Commodities: Such as precious metals or energy products.3
- Indices: Global stock market indices.3
The primary trading instruments offered are Binary Options 3 and CFDs.2 Binary options trading involves predicting whether an asset’s price will rise or fall within a specific, often very short, timeframe. RaceOption offers various binary option types, including standard High/Low options 22, very short-term Turbo options (with expiries as low as 5 seconds 1), Intraday options, and Long Term options.7 Available expiry times reportedly range from 5 seconds up to 30 days.7 The platform also mentions features like “Rollover,” “Double Up,” and “Sell” options, which allow traders to modify positions under certain conditions.1
4.3 Special Features
RaceOption promotes several features aimed at enhancing the user experience and attracting deposits:
- Copy Trading: This allows users to automatically replicate the trades of other, presumably more successful, traders on the platform.2 It is marketed as a tool for learning and guided assistance.2 However, in an unregulated environment, the performance and legitimacy of the “top traders” being copied are not independently verified, posing risks for those relying on this feature. Novice traders might be lured by the promise of easy profits without fully understanding the underlying risks or the potential for manipulation.
- Demo Account: A demo account for practice trading is available.5 However, access appears to be conditional upon opening and funding a real account (Bronze tier minimum) 7, rather than being freely available for evaluation before committing funds, which is a common practice among reputable brokers.22 This structure prevents potential users from thoroughly testing the platform and its conditions risk-free, potentially pressuring them into making a deposit sooner.
- Guided Facility / Advisor Assistance: The platform mentions the availability of guidance from skilled advisors 1, although the nature and impartiality of this advice within an unregulated context remain unclear.
5. Account Tiers and Trading Conditions
RaceOption employs a tiered account structure, incentivizing larger deposits with progressively enhanced features, higher bonuses, and potentially better trading conditions. Understanding these tiers and the associated conditions, particularly regarding bonuses and withdrawals, is crucial.
5.1 Account Structure
The broker offers primarily three account tiers – Bronze, Silver, and Gold – with a VIP level for very high-volume traders.6 The minimum trade size is cited as $1 in most reviews 2, although the broker’s site and one review mention $0.01 1, indicating a possible inconsistency.
The table below summarizes the key features based on available information, noting potential discrepancies:
Feature | Bronze | Silver | Gold | VIP |
Minimum Deposit | $250 2 | $1,000 7 | $3,000 7 or $5,000 9 | $50,000 9 |
Deposit Bonus | 20% 7 | 50% 7 | 100% 7 | 200% 9 |
Claimed Withdrawal Speed | Standard (Up to 8 hours for related BinaryCent Bronze 20) | Faster (4 hours for BinaryCent Silver 20) | 1 Hour Claimed 7 | Potentially Instant 20 |
Key Features | Demo Access, Copy Trading, 24/7 Chat 7 | + Master Class, Personal Manager 7 | + Integrated Technical Analysis, Personal Success Manager 7 | + Dedicated Manager, Enhanced Service 9 |
Payout Boost | +0% (BinaryCent) 20 | +1% (BinaryCent) 20 | +2% (BinaryCent) 20 | +3% (BinaryCent) 20 |
Minimum Trade Size | $1 2 or $0.01 1 | $1 or $0.01 | $1 or $0.01 | $1 or $0.01 |
Turnover Requirement | 100% (Non-Bonus) / 300% (Bonus) 7 | 100% (Non-Bonus) / 300% (Bonus) 7 | 100% (Non-Bonus) / 300% (Bonus) 7 | 100% (Non-Bonus) / 300% (Bonus) 7 |
This tiered system, common among brokers, aims to encourage larger initial deposits. However, the attractive bonuses come with significant strings attached.
5.2 Payouts and Bonuses
RaceOption advertises high potential payout rates on successful binary options trades, with figures cited as up to 90% 5, 95% 7, or even 98%.1 Higher account tiers may also benefit from payout boosts, as suggested by the structure of the related broker BinaryCent.20
Substantial deposit bonuses, ranging from 20% for the Bronze account up to 200% for the VIP account, are heavily promoted.7 While seemingly attractive, these bonuses are subject to stringent turnover requirements before any funds (including the initial deposit and profits) can be withdrawn. For accounts that have accepted a bonus, traders must achieve a trading volume equal to 300% of the initial deposited amount.7 Even for accounts that have not received a bonus, a 100% turnover of the deposit is required before withdrawals are permitted.7
These high turnover conditions represent a major obstacle for traders. Achieving such volumes, especially with high-risk instruments like binary options, often leads to the depletion of the account balance before the withdrawal threshold is met. This structure can effectively lock in client funds, making it difficult or impossible to access profits or the initial deposit, thereby benefiting the broker rather than the client. The bonus system, therefore, appears less like a genuine benefit and more like a mechanism to retain client funds and encourage high-volume trading that increases the probability of client losses.
6. Financial Transactions: Deposits, Withdrawals, and Fees
The processes for depositing and withdrawing funds, including associated speeds, conditions, and fees, are critical aspects of any broker evaluation. RaceOption presents a mixed picture, heavily marketing withdrawal speed while imposing significant conditions and lacking transparency on fees.
6.1 Funding Methods
RaceOption accepts deposits through several methods, including Credit/Debit Cards (Visa, MasterCard, Maestro), cryptocurrencies (Bitcoin, Ethereum, various Altcoins), and the Perfect Money system.6 The minimum deposit required to open an account is $250.2 Notably, traditional bank wire transfers are explicitly mentioned as not being allowed, and the absence of widely used and often safer methods like PayPal is considered unusual.6 Withdrawals are generally processed using the same methods available for deposits.6 The emphasis on cryptocurrencies and payment systems like Perfect Money, combined with the lack of traditional banking options like wire transfers, might suggest difficulties in maintaining stable relationships with conventional financial institutions, a situation sometimes encountered by unregulated brokers operating in high-risk industries.
6.2 Processing Times and Conditions
Deposits are typically processed instantly, with the exception of Perfect Money, which may take up to an hour.6 RaceOption heavily promotes its withdrawal speed, frequently claiming that withdrawal requests are processed within 1 hour after confirmation.1 Faster processing times might be available for higher account tiers, such as the 1-hour claim specifically linked to Gold accounts 7 and potentially instant withdrawals for VIP accounts.20
However, these claims must be interpreted with significant caution due to several critical caveats:
- Undefined Confirmation Time: The “1-hour” processing promise applies only after a withdrawal request has been confirmed. The time required for this confirmation process is not specified 6, potentially introducing delays.
- Mandatory Turnover Requirements: As detailed previously, withdrawals are contingent upon meeting substantial trading volume turnover requirements: 100% of the deposit for non-bonus accounts and 300% for bonus accounts.7 This condition likely prevents many users from ever reaching the stage where they can request a withdrawal, regardless of the processing speed.
- User Feedback and Cautionary Advice: Reviews and user experiences referenced in the source material suggest potential difficulties. Advice found includes withdrawing any profits immediately “to avoid losing access to it for any reason”.3 This implies a perceived risk among users regarding the reliability or accessibility of funds, contrasting sharply with the broker’s marketing of rapid withdrawals.
There appears to be a significant gap between the marketed withdrawal speed and the practical ability of clients to access their funds due to restrictive conditions. The fast processing claim might be technically accurate for the small subset of withdrawals that meet the stringent eligibility criteria but potentially misleading for the average user.
6.3 Fee Structure
Transparency regarding fees is limited. While deposits are generally stated to be free 7, one source notes a potential 5% fee for credit/debit card deposits, which RaceOption reportedly attributes to third-party payment processors rather than charging directly.6
Information on withdrawal fees is notably absent. Multiple sources explicitly state that details on withdrawal costs are not provided by the broker 4, representing a significant lack of transparency.
Similarly, there is no clear information regarding inactivity fees specifically for RaceOption within the provided materials. While one general snippet discusses a $50 monthly inactivity fee after one year for an unspecified broker 23, it cannot be confirmed if RaceOption applies such a policy. This lack of clarity on potential fees further erodes trust and makes it difficult for clients to fully understand the potential costs associated with the account.4 Users are advised to carefully scrutinize the broker’s Terms and Conditions for any hidden clauses regarding fees.3
7. Customer Support
RaceOption claims to offer robust customer support services, presented as a key advantage.
The broker advertises 24/7 customer support availability, including operations on weekends.1 Several support channels are mentioned. A live video chat feature is highlighted in multiple sources as a unique offering.7 Standard live chat is also available.1 Phone support might be available, potentially linked to higher account tiers like Silver and above.20 Additionally, the platform mentions a “Guided Facility With a Help of Skilled Advisor,” implying personalized assistance might be offered.1
Some user feedback mentioned in the sources portrays support positively, describing it as helpful and prompt.9 There are also mentions of the support team being proactive in responding to reviews on third-party websites.25
While offering 24/7 support and novel channels like video chat appears beneficial, the actual quality and effectiveness of this support, especially when dealing with critical issues like withdrawal problems or disputes, cannot be reliably assessed solely from the promotional claims and anecdotal mentions. In an unregulated environment, support services might prioritize sales and deposit assistance over resolving complex client complaints fairly. The proactive responses on review sites could be interpreted as either genuine customer care or strategic reputation management designed to mitigate negative feedback and attract new clients despite underlying operational or regulatory issues.25 Given the significant risks associated with the broker, the latter interpretation warrants consideration.
8. Risk Assessment and Conclusion
Synthesizing the findings from the analysis of RaceOption’s operations, regulatory standing, and service offerings reveals a profile characterized by extremely high risk for potential clients.
8.1 Synthesized Risk Profile
Several key risk factors dominate the assessment of RaceOption:
- Paramount Regulatory Risk: The most significant risk stems from RaceOption’s operation outside of recognized regulatory frameworks.2 This is corroborated by numerous official warnings from financial authorities across Europe explicitly stating the broker’s lack of authorization and illegal operation within their jurisdictions.6 This absence of oversight eliminates fundamental investor protections.
- Fund Security Risk: Without regulation, there is no guarantee that client funds are segregated from the company’s operational capital, nor is there access to investor compensation schemes.3 This places client deposits at significant risk in case of broker insolvency or malpractice.
- Operational Risk: The use of a proprietary trading platform without independent auditing or oversight creates potential conflicts of interest and lacks transparency. This is particularly concerning for binary options trading, where the broker often profits directly from client losses.
- Withdrawal Risk: Despite marketing claims of fast (1-hour) processing 1, significant barriers exist due to extremely high turnover requirements (100%-300%) needed before withdrawals are permitted.7 Combined with a lack of transparency on withdrawal fees 4 and cautionary user advice to withdraw funds immediately if possible 3, accessing funds appears problematic.
- Product Risk: Binary options are inherently high-risk, speculative instruments often leading to rapid and substantial losses, particularly for inexperienced traders.3 Their offering by an unregulated entity, especially considering they are banned or restricted for retail clients in many regulated markets 3, is a major red flag.
- Transparency Risk: Inconsistencies regarding the operating entity’s name (Makerun Corp. vs. Race Projects Ltd.) 1, headquarters location (Marshall Islands vs. UK) 1, lack of clarity on crucial fees 4, and potentially misleading marketing regarding bonuses and withdrawal speeds contribute to an overall lack of transparency.
8.2 User Considerations
It is acknowledged that RaceOption holds some appeal for a specific segment of traders. Its claimed popularity 3 likely stems from features such as access to high leverage (up to 1:500 mentioned 9), potentially high payouts on binary options (up to 98% claimed 1), the allure of very fast-paced trading (5-second options 1), the availability of copy trading features 2, and substantial deposit bonuses.7 These aspects cater to traders seeking high-risk, potentially high-reward scenarios or access to products like binary options that are unavailable through many regulated brokers.3
However, this appeal must be strongly weighed against the extensive and well-documented risks. The numerous regulatory warnings are not mere technicalities but indicate illegal operations and significant danger recognized by official bodies. The cautionary advice found in user reviews—to carefully read terms and conditions and attempt to withdraw profits immediately 3—further highlights the practical risks perceived by those interacting with the platform. Anecdotal positive reviews should be heavily discounted when compared against verifiable regulatory facts and inherent structural risks.
8.3 Final Recommendation
Based solely on the analysis of the provided information, RaceOption presents a very high-risk profile that is unsuitable for most traders, especially those who are inexperienced or risk-averse.
The critical lack of credible financial regulation, substantiated by multiple official warnings from international supervisory authorities, signifies a fundamental absence of investor protection mechanisms. The business model, centered around high-risk binary options and operating from an offshore jurisdiction known for minimal oversight, appears deliberately structured to circumvent established regulatory safeguards.
Furthermore, the complex bonus conditions tied to excessive turnover requirements effectively function as barriers to withdrawal for many clients, potentially trapping funds. The lack of transparency regarding fees and inconsistencies in operational details further undermine the broker’s credibility.
While RaceOption may offer features attractive to speculative traders, these potential benefits are significantly overshadowed by the documented risks of fund loss, unfair practices, and operational opacity. Potential users are strongly advised to exercise extreme caution and give considerable weight to the official regulatory warnings. Seeking services from well-regulated brokers operating within established legal and supervisory frameworks is the recommended course of action for safeguarding capital and ensuring access to fair trading conditions and dispute resolution mechanisms. Engaging with RaceOption entails accepting risks that are, by objective measure, exceptionally high.
Works cited
- Raceoption – Trading platform, accessed April 23, 2025, https://raceoption.com/
- Raceoption Review – Binary Options Trading – Benzinga, accessed April 23, 2025, https://www.benzinga.com/money/raceoption-review
- RaceOption – Is it a Scam or not? – UKTN, accessed April 23, 2025, https://www.uktech.news/other_news/__trashed-3
- Raceoption Review – 3.81 TrustScore from 226 User Reviews – TrustFinance, accessed April 23, 2025, https://www.trustfinance.com/companies/race-option
- 10 Best Binary Trading Platforms (☑️Updated 2025*) – FXLeaders, accessed April 23, 2025, https://www.fxleaders.com/forex-brokers/binary-trading-platforms/
- RaceOption review: unregulated binary option | InfoBeat.com, accessed April 23, 2025, https://infobeat.com/raceoption-review-unregulated-binary-option/
- RaceOption – Binary Options Trading in the UK, accessed April 23, 2025, https://www.binaryoptions.co.uk/raceoption
- 9 Best Binary Options Brokers for April 2025 | Fortunly, accessed April 23, 2025, https://fortunly.com/investments/binary-options-brokers/
- Raceoption Binary Review – Goodreturns, accessed April 23, 2025, https://www.goodreturns.in/partner-content/raceoption-binary-review-1335947.html
- The CMVM issues a warning for investors concerning Makerun Corp. (RACEOPTION) – FSMA, accessed April 23, 2025, https://www.fsma.be/sites/default/files/legacy/content/warnings_esma/2021/20210219_makeruncorpraceoption.pdf
- Portugal Regulator Warns Against IQCent and Raceoption – Finance Magnates, accessed April 23, 2025, https://www.financemagnates.com/forex/brokers/portugal-regulator-warns-against-iqcent-and-raceoption/
- Makerun Corp (RACEOPTION) – Finanstilsynet.no, accessed April 23, 2025, https://www.finanstilsynet.no/en/investor-alerts/2021/makerun-corp-raceoption/
- AFM, accessed April 23, 2025, https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/m
- Alerts from foreign regulators. unauthorised entities – CNMV, accessed April 23, 2025, https://cnmv.es/portal/AdvertenciasListado.aspx?tipoAdv=4&page=478&sortExpression=Fecha&sortDirection=1&lang=en
- Makerun Corp (RACEOPTION) (https://raceoption.com/) | Finantsinspektsioon, accessed April 23, 2025, https://www.fi.ee/et/hoiatusteated/makerun-corp-raceoption-httpsraceoptioncom
- WARNING ON UNREGISTERED INSTITUTIONS IN INTERNATIONAL SUPERVISORS 17 February 2021 – CNMV, accessed April 23, 2025, https://www.cnmv.es/portal/verDoc.axd?t={868832b3-04dd-4441-a5aa-be9e8177d968}
- 1908.21 Luksemburg, accessed April 23, 2025, https://www.fi.ee/et/print/view/pdf/alerts/alerts?keys=&date%5Bmin%5D=&date%5Bmax%5D=&combined_keywords=&field_country_target_id=All&page=620
- Alerts from foreign regulators. unauthorised entities – CNMV, accessed April 23, 2025, https://www.cnmv.es/portal/advertenciaslistado?tipoadv=4&page=478&sortExpression=Fecha&sortDirection=1&lang=en
- Raceoption Reviews – 2025 – Slashdot, accessed April 23, 2025, https://slashdot.org/software/p/Raceoption/
- BinaryCent – Binary Options Trading in the UK, accessed April 23, 2025, https://www.binaryoptions.co.uk/binarycent
- Raceoption Broker: A Comprehensive Guide to Opening an Account – Trade Brains, accessed April 23, 2025, https://tradebrains.in/features/raceoption-broker-a-comprehensive-guide-to-opening-an-account/
- Pocket Option Review for 2025: Binary Options Trading Done Right – Fortunly, accessed April 23, 2025, https://fortunly.com/reviews/pocket-option-review/
- Do you have an inactivity fee? – Mtrading FAQ, accessed April 23, 2025, https://support.mtrading.app/hc/en-us/articles/8122597183389-Do-you-have-an-inactivity-fee
- Raceoption Review | Is it scam? Is it legit? Can I trust it? – YouTube, accessed April 23, 2025, https://www.youtube.com/watch?v=nxFVGBpeqtM
- Raceoption Review 2023 – Is Withdrawal Secure or Not ??? – YouTube, accessed April 23, 2025, https://www.youtube.com/watch?v=MAIMU8o3sYk