Bonuses for Raceoption in 2024
| Position | Company Logo | Information | Bonuses | Min. Dep | Regulation | Open an account |
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Minimum Deposit: $20 |  |
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Minimum Deposit: $250 | |
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Minimum Deposit: $250 | |
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Minimum Deposit: $250 | |
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Minimum Deposit: $100 | |
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No deposit bonus | Minimum Deposit: $5 |  |
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No deposit bonus | Minimum Deposit: $10 | |
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Minimum Deposit: $250 | |
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No deposit bonus | Minimum Deposit: $250 | |
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10
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No deposit bonus | Minimum Deposit: $100 | |
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11
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No deposit bonus | Minimum Deposit: $10 | |
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12
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No deposit bonus | Minimum Deposit: $25 | |
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No deposit bonus | Minimum Deposit: $100 | |
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No deposit bonus | Minimum Deposit: $10 | |
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15
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No deposit bonus | Minimum Deposit: $10 | |
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No deposit bonus | Minimum Deposit: $2 | |
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No deposit bonus | Minimum Deposit: $500 | |
Raceoption, a leading global online broker for traders, is kicking off 2024 with an array of tantalizing new bonuses and promotions designed to empower clients and amplify their success. From lucrative welcome bonuses to exciting contests and captivating giveaways, Raceoption has assembled a suite of compelling offers to help traders maximize profits this year.
Account Deposit Bonuses
One of the most valuable promotions from Raceoption is their tiered welcome bonus available to new traders. When you open and fund a new Bronze, Silver, or Gold account, you can qualify for bonus credits ranging from 20% to 100% of your initial deposit amount. This provides you with extra capital to put to work in the markets right from the start.
Bronze Account
The Bronze account is Raceoption’s basic entry-level account designed for new traders looking to get started. It comes with a 20% deposit bonus up to $500. Specifically, to qualify for the full $500 bonus amount, you need to deposit at least $2500 into your new Bronze account. Lower deposit amounts receive pro-rated bonuses.
For example, a $1000 deposit would trigger a bonus of 20% x $1000, or $200 extra. The minimum deposit to activate any bonus is $100, which would earn you a $20 credit.
The Bronze account welcome bonus is an easy way to expand your trading funds by 20% right off the bat. Use it to open positions with a bit more size and leverage than your original deposit would allow.
Silver Account
Raceoption’s Silver account is geared towards intermediate traders looking for more features, insights, and support. It offers a higher 50% welcome bonus on deposits up to $2000.
To earn the full $2000 Silver bonus, you need to deposit at least $4000. A $2000 deposit would earn you 50% of $2000, which is a $1000 credit. The minimum deposit is $1000 to trigger any Silver bonus amount.
With a 50% match up to $2000, the Silver account bonus enables you to put even more extra capital to work for potentially amplified returns. Be sure to use proper risk management when leveraging your bonus funds.
Gold Account
The Gold account is Raceoption’s premium offering tailored to advanced traders. It includes perks like daily market analysis, smart social trading tools, and 1-on-1 support. The Gold account also offers the highest welcome bonus – 100% on deposits up to $5000.
To qualify for the maximum $5000 Gold bonus, you need to deposit at least $5000. The minimum deposit to activate any Gold bonus is $3000.
A 100% match up to $5000 provides substantial trading power right off the bat. Carefully leverage this bonus capital to pursue promising opportunities with an expanded position size.
The welcome bonuses for Raceoption are an excellent way to augment your starting capital and access greater upside potential in the markets. Be sure to read the associated terms and conditions to understand how to withdraw related profits.
Trading Contests
In addition to account sign-up bonuses, Raceoption runs exciting weekly trading contests with $20,000 in cash prizes up for grabs each week. These contests are open to new and existing clients alike, providing an ongoing opportunity to put your trading skills to the test against others for tangible rewards. Here is an overview of how the contests work:
- The competition runs Monday to Friday every week
- To enter, you must have a minimum account balance of $500
- Only real money accounts can participate, practice accounts are ineligible
- You need to execute at least 10 round-turn trades during the week with a minimum trade size of 0.1 lots
- Only forex trades count towards competition volume, other instruments like commodities or indices do not qualify
Prize Distribution
The top 20 traders by percentage return on margin win prizes from the $20,000 prize pool
The cash prizes are distributed as follows:
- 1st place: $10,000
- 2nd place: $5,000
- 3rd place: $3,000
- 4th place: $2,000
- 5th – 10th place: $500 each
- 11th – 20th place: $250 each
As you can see, substantial real-money rewards are up for grabs each week for top performers. Even finishing in the top 20 earns you a cash prize.
Judging Criteria
Winners are determined based on the highest return on margin over the contest week. Specifically, Raceoption calculates each trader’s net profit as a percentage of the margin used during the week. The top 20 returns win the corresponding cash prizes.
Tips to Improve Contest Performance
Here are some tips from expert traders on optimizing contest results:
- Carefully select trades with a positive risk-reward ratio
- Use tight stops to contain losses on losing positions
- Reinvest profits to compound returns
- Employ technical indicators like MACD to identify emerging trends
- Focus on a few currency pairs you have backtested
- Remain disciplined in your risk management approach
- Avoid overtrading or revenge trading after losses
The key is balancing risk management with the pursuit of outsized trading gains to climb the contest leaderboard.
Referral Program
Raceoption lets you earn extra income by referring friends to open new accounts. For each friend that opens an account through your unique referral link, you receive 20% of their initial deposit as a commission straight into your account balance.
The referral process is simple for both parties, Here’s how it works:
Referrer:
- Locate your unique referral link in your Raceoption account dashboard
- Promote your link online through social media, forums, email, etc.
- Track and monitor new referrals as they sign up
Referee:
- Click the referrer’s link and sign up for a new Raceoption account
- Make an initial deposit as normal to fund your new trading account
- The referrer instantly receives 20% of your deposit amount
For example, if you refer a friend and they deposit $1000, you will receive 0.2 * $1000 = $200 added to your account balance.
How to get referral link
- Posting your link on active trading forums and communities
- Email outreach and networking with potential referrals
- Adding your link to your website, blog, or social media bios
- Cross-promoting with other traders that have referral programs
The key is getting your unique link visible across multiple channels and providing value to those you reach out to. With the potential for unlimited 20% commissions, Raceoption’s referral program is an appealing way to compound your capital.
Giveaway Promotion
Raceoption is currently running a hot tech giveaway promotion for new and existing traders. By making a qualifying deposit amount during the promotion period, traders earn entries to win great prizes like iPads, iPhones, Apple Watches, and iMacs. The more you deposit, the more entries you receive:
New Giveaway Prizes:
Raceoption selected popular Apple devices tailored to enhance your trading experience:
- Apple Watch Series 9: Deposit Range: $500 – $999, 10 prizes available
- iPhone 15 Pro 256GB: Deposit Range: $1000 – $2499, 5 prizes available
- iPad Pro: Deposit Range: $2500 – $4999, 5 prizes available
- iMac 27′′: Deposit Range: $5000+, 3 prizes available
How to enter
To participate, enable the giveaway offer in your Raceoption dashboard and make a qualifying deposit amount during the active promotion period. The greater your deposit, the more entries you gain to win the expensive top-tier prizes.
For example, a $1000 deposit earns you one entry for the iPhone. But a $5000 deposit gains three entries for the coveted iMac!
This exciting giveaway provides yet another compelling incentive to fund your account and take advantage of the welcome bonus. Plus, you might go home with a hot new iPad or MacBook to enhance your trading setup!
Conclusion
With generous welcome bonuses, exciting giveaways, contests, and referrals, Raceoption offers traders diverse opportunities to maximize their accounts in 2024. By fully understanding bonus terms and trading wisely, traders can capitalize on these promotions to elevate their profits to new heights!
FAQs
Can I withdraw the bonus amount directly?
No, the original bonus credit itself cannot be withdrawn directly. It is for trading purposes only. But any profits generated from trading the bonus can be withdrawn after meeting turnover requirements.
Can I use the bonus as margin for trades?
Yes, one major benefit of the account bonuses is they expand your overall capital, increasing the margin you have available to open larger positions and trade more contracts. You can leverage the bonus funds just like your own deposited capital.
How many account bonuses can I get?
You can only receive one welcome bonus per household when you initially open and fund your Raceoption account. However, you may still qualify for additional ongoing bonuses through various contests, referral programs, and seasonal promotions.
What happens if I don’t meet the turnover requirements?
If you do not meet the minimum account turnover associated with a bonus within the valid period, the bonus and any resulting profits may be canceled and removed from your account. So be sure to complete the required turnover to withdraw profits.
Can I lose my own deposited capital trading with a bonus?
Yes, your own non-bonus capital can still be lost trading as normal. The bonus itself is just additional leverage. You remain responsible for any losses beyond the bonus credit. Always use sound risk management.
How are the top traders determined in the contest?
The weekly contest winners are determined based on percentage return on margin over the active competition timeframe. The traders with the highest margin returns win the cash prizes. Overall profit amount does not factor in.
What are the prizes for the trading contest?
The top 20 margin returns split a $20,000 prize pool. 1st place takes home $10,000, 2nd place gets $5,000, and smaller amounts trickle down through the top 20. Bonus credits are also awarded.
Are there trade limits or requirements for the contest?
You need a minimum of 10 round-turn forex trades of at least 0.1 lots to qualify for contest prizes. Only forex volumes are counted, other instruments do not apply. There are no restrictions on which currency pairs can be traded.
How will I be notified if I win a contest prize?
You will receive an email confirmation of your final rank and any associated prize at the conclusion of each contest week. You can also view the real-time contest leaderboard in your Raceoption dashboard throughout the active competition.