General Information

Race Option Is A US-based Trading Firm That Has Been In Operation For Approximately 5-10 Years. As An Unregulated Entity, It Offers Regular Options And CFD Trading On Various Market Instruments.

Traders Have Access To The Official Race Option Platform, Which Provides A User-friendly Interface To Execute Trades. In Addition, The Company Offers Traders Demo Accounts For Them To Practice And Refine Their Trading Strategies Risk-free.

Customer Support Is Available Through Ticket Submission And Telephone Assistance, Providing Multiple Contact Numbers For Easy Contact. Race Option Supports A Variety Of Deposit And Withdrawal Methods, Including Credit Cards (VISA/MasterCard), Bank Telegraphic Transfers, Cryptocurrencies Such As Bitcoin, Ethereum, Litecoin And Altcoins, And E-wallet Services Such As Neteller, Skrill And Perfect Money.

Regulatory Status

Race Option Operates As An Unregulated Trading Platform. One Disadvantage Of Using A Financial Broker Is The Latent Risk Of Possible Conflicts Of Interest. Brokers May Receive Commissions Or Incentives For Promoting Certain Financial Products Or Services, Which May Lead To Biased Recommendations And May Not Necessarily Be In The Best Interests Of Their Clients.

Advantages And Disadvantages

Advantages:

• Fast Withdrawal: Withdrawal Requests Are Processed Within 1 Hour, Ensuring Fast Withdrawals.
• Various Deposit And Withdrawal Options: Traders Can Choose From A Variety Of Deposit And Withdrawal Methods, Making Trading Convenient And Flexible.
• Continuous Trading: Trading Can Be Carried Out 24/7, Even On Weekends, Allowing Traders To Seize Market Opportunities At Any Time.
• 24/7 Multilingual Customer Support: Customer Support Is Available 24/7 In Multiple Languages, Ensuring That Help Is Always Available.
• High Trading Capacity: Processing Over 10,000 Trades Per Day, Race Option Has Demonstrated Reliability And Efficiency In Processing Trades.

Cons:

• Regulatory Status: Race Option Operates As An Unregulated Trading Platform, Which Means It May Lack Oversight From Financial Regulators.
• Limited Market Instruments: While Race Option Offers Regular Options And CFD Trading, Its Range Of Market Instruments May Be Limited Compared To Other Platforms. Traders Seeking Access To A Broader Range Of Financial Products May Find Race Option's Offerings Inadequate To Meet Their Needs.
• Conflict Of Interest Risk: As An Unregulated Broker, Race Option May Face Conflicts Of Interest, Particularly If It Receives Commissions Or Incentives From Certain Trades Or Activities. This May Lead To Biased Referrals Or Actions That Prioritize The Broker's Interests Over Those Of Its Clients.
• Lack Of Transparency: Due To Its Unregulated Status, Race Option May Not Be As Transparent As A Regulated Broker With Respect To Fee Structures, Terms And Conditions, Or Dispute Resolution Processes. Traders May Experience Difficulties In Obtaining Clear And Comprehensive Information About The Platform's Operations And Policies.
• Inadequate Investor Protection: Traders May Not Be Able To Benefit From Client Funds Insurance Or Participate In Compensation Schemes In Order To Compensate Clients In The Event Of A Broker's Bankruptcy.

Market Instruments

Race Option Provides Two Main Market Instruments For Trading: Ordinary Options And Contracts For Difference (CFDs). Here Is An Introduction To These Features:

Ordinary Options: Ordinary Options, Also Known As Vanilla Options, Are Financial Contracts That Give Traders The Right, But Not The Obligation, To Buy Or Sell An Underlying Asset At A Predetermined Price (call-over Price) Within A Specified Time Frame (expiration Date). Traders Can Choose From "call" Options That Allow Them To Buy The Underlying Asset At A Call-over Price, Or "put" Options That Allow Them To Sell The Underlying Asset At A Call-over Price. Ordinary Options Offer Traders The Opportunity To Profit From Price Fluctuations In A Variety Of Financial Marekts, Including Stocks, Commodities, Currencies, And Indices, Without Owning The Underlying Asset.

Trading With Contracts For Difference (CFDs): Contracts For Difference (CFDs) Are Derivatives That Enable Traders To Guess Price Movements Of The Underlying Asset Without Owning The Asset Itself. When Trading CFDs, Traders Enter Into A Contract With A Broker To Exchange The Price Difference Of The Underlying Asset, I.e. The Difference Between The Opening And Closing Of A Trade. CFDs Allow Traders To Profit From Both Rising And Falling Markets, As They Can Take Long (buy) Or Short (sell) Positions Depending On The Market Outlook. CFD Trading Offers Several Advantages, Including Leverage, Which Allows Traders To Amplify Their Trading Positions With A Smaller Initial Investment, And The Ability To Trade A Wide Variety Of Assets, Including Stocks, Indices, Commodities, Currencies, And Cryptocurrencies.

The Trading Platform Offered By Race Option Brings Several Compelling Benefits To Traders.

First, It Facilitates The Instant Execution Of Trades, Ensuring A Timely Response To Market Fluctuations.

In Addition, The Platform Provides Real-time Charts For Every Available CFD, Providing Traders With Real-time Insights Into Asset Performance And Market Trends.

In Addition, Traders Can Conveniently Access Their Complete Trading History, Providing Them With Valuable Data For Analysis And Strategy Refinement.

Notably, The Platform Enables Smooth Integration With The Web-based Version, Allowing Users To Access Their Accounts On Multiple Devices Using The Same Login Credentials, Thus Increasing Convenience And Flexibility.

Deposits & Withdrawals

Race Option Offers A Range Of Deposit And Withdrawal Methods To Suit Different Preferences And Needs.

Credit Card (VISA/MasterCard): A Convenient And Widely Used Method That Allows For Instant Deposits With A 5% Transfer Fee. Withdrawals Usually Take Up To 1 Hour, While Deposits Are Instant. It Is Listed As A Standard Method For Transactions.

Bank Telegraphic Transfer: A Traditional Method Of Transferring Funds Directly From A Bank Account. While Deposit Times May Vary From Bank To Bank, Withdrawals Usually Take Up To 1 Hour.

Bitcoin: A Popular Cryptocurrency Known For Its Decentralized Nature And Fast Transactions. Deposits Are Instant, There Are No Transfer Fees, And Withdrawals Are Usually Processed Within 1 Hour As Well.

Ethereum: Another Widely Used Cryptocurrency That Offers Instant Deposits And Withdrawals Without Handling Fees, Becoming The Preferred Method For Many Traders.

Litecoin: Similar To Bitcoin And Ethereum, Litecoin Offers Fast And Low-cost Transactions, Making It A Viable Option For Deposits And Withdrawals.

Altcoins: Race Option Supports A Wide Range Of Alternative Cryptocurrencies In Addition To Bitcoin And Ethereum. While Offering Instant Transactions And No Fees, Withdrawal Options May Be Limited To Specific Altcoins.

Neteller: A Popular E-wallet Service That Allows For Safe And Convenient Online Transactions. Deposits With Neteller Are Instant And Withdrawals Are Usually Processed Within 1 Hour.

Skrill: Another Well-known E-wallet Service That Offers Instant Deposits And Fast Withdrawals, Becoming The Preferred Option For Many Traders.

Customer Support

Race Option Offers Multiple Customer Support Channels, Including Submitting Work Orders And Phone Assistance.