Pocket Option vs RaceOption

Pocket Option vs RaceOption Comparison Table 2024
Pocket Option	RaceOption
Review 4.2 Pocket Option is #1 in our binary options broker rankings.	Review 3.5 RaceOption is #7 in our binary options broker rankings.
Traders from US accepted	Traders from US accepted
Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.	RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Customer Reviews
4.4 Based on 9 Pocket Option customer reviews	4 Based on 1 RaceOption customer reviews
Bonus Offer
50% Deposit Bonus	20% - 200% Deposit Bonus
Promotions
Get A 50% Deposit Bonus When You Sign Up With Pocket Option	Win $20,000 In The RaceOption Trading Contest
Comment by Reviewer
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."	"RaceOption will appeal to investors looking for a feature-rich binary options trading experience with regular contests, account-based perks, and copy trading. The catch is its unregulated status, with little to zero investor protections available based on our investigations."
Pros
The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks Extremely fast and smooth sign-up process that takes less than 2 minutes	RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour. Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts. RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
Cons
The MISA is a weak regulator with limited investor protection for retail traders The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available	RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues. While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders. RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.
Awards
Best Binary Broker Runner Up 2023 - DayTrading.com Best Binary Broker 2022 - DayTrading.com
Instruments
Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos	Binary Options, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$50	$250
Trading Platforms
Web MT4 MT5	TradingView
Payment Methods
Volet Airtel Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay JetonCash Maestro Mastercard Perfect Money Visa WebMoney Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
$1	$0.01
Regulator
MISA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.	Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.
Android App Rating
4.2	3.8
iOS App Rating
4	4
Auto Trading
Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.	Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD	USD EUR GBP AUD RUB
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500	DAX GER 40 Index FTSE UK Index
Commodities
Gold Natural Gas Oil Palladium Platinum Silver	Coffee Gold Oil Silver
CFD Trading
CFD trading not offered	Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
Leverage
	1:500
FTSE Spread
	Variable
GBPUSD Spread
	Variable
Oil Spread
	Variable
Stocks Spread
	Variable
Forex Trading
Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders.	RaceOption offers 25+ major and minor currency pairs on a no-frills, web-accessible platform with 30+ indicators and built-in copy trading opportunities for a hands-off investment approach.
GBPUSD Spread
N/A	Variable
EURUSD Spread
N/A	Variable
EURGBP Spread
N/A	Variable
Assets
55+	25+
Cryptocurrency
Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities.	Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Spread
N/A	Variable
Coins
BTC ETH BCH LINK AAVE ALGO TLM ALPP ANT AVAX AXS BNB ADA CHZ COMP ATOM DASH MANA DGB DOGE ENJ EOS FIL GLMR ILV ICP KAVA LTC MKR MASK MIOTA XMR ALICE NEAR NEO NULS OMG DOT MATIC QTUM REEF XRP SANTOS SC SOL STX XLM STORJ DATA SUN XTZ SAND THETA TRX UNI VET WAVES YFI YGG ZEC	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.	RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
Payout
92%	95%
Expiry Times
5 seconds - 4 hours	5 seconds - 30 days
Ladder Options
No	Yes
Boundary Options
No	No

Review	Review