RaceOption Legality & Safety in India

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RaceOption is not a regulated broker and is widely considered untrustworthy by reputable industry sources.

Regulation Status

• RaceOption is not regulated by any recognized financial authority or top-tier regulator such as the FCA, ASIC, or CySEC.
• The company behind RaceOption, Race Projects Ltd. (or Makerun Corp), is registered in the Marshall Islands—a common location for unregulated or offshore brokers.
• Official warnings have been issued against Race Projects Ltd. and its brands, including RaceOption, by authorities such as the New Zealand FMA and the US CFTC, indicating that they should be considered scams especially where a license is required by law.

Trustworthiness and Risks

• No client fund protection or recourse: Because RaceOption isn’t regulated, your money is not protected under any investor compensation scheme.
• There have been multiple warnings and reports of scams and unresponsive customer support, as well as the absence of reliable financial protection.
• Numerous user reviews note the broker’s popularity, but this should not be confused with trustworthiness and regulatory compliance.

RaceOption operates without oversight from any reputable regulatory body, and there are multiple official warnings against it for illegal operation in regulated markets. Investors have little to no legal protection if issues arise. Based on regulatory status and warnings, RaceOption should be considered high-risk and untrustworthy. It is advisable to use only brokers that are licensed and regulated by top-tier authorities to ensure the safety of your funds and access to recourse in case of disputes.