IQ Option vs RaceOption

IQ Option vs RaceOption Comparison Table 2024
IQ Option	RaceOption
Review 4	Review 3.5

IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.	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.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
5 Based on 1 IQ Option customer reviews	4 Based on 1 RaceOption customer reviews
Bonus Offer
	20% - 200% Deposit Bonus
Comment by Reviewer
"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."	"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."
Pros
User-friendly platform for beginners Excellent range of payment methods Reliable 24/7 multilingual support Access to IQ Option community High payouts on binary options iOS & Android compatible app	Beginner-friendly copy trading opportunities in the broker's proprietary trading platform Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts First 3 trades are risk-free in the Silver and Gold accounts, with only $1,000 required to be eligible Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways Flexible weekend trading available plus 24/7 multilingual customer support High payouts on popular underlying assets up to 95%
Cons
€10 inactivity fee after 90 days No MetaTrader 4 integration	$250 minimum deposit is higher than other binary options brokers Unregulated broker with lower safety score Limited educational resources Withdrawal thresholds apply No free demo account
Awards
Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments
CFD, Forex, Crypto, Stocks, Digital Options	Binary Options, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$10	$250
Trading Platforms
Own	TradingView
Payment Methods
ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
0.001 Lots	$0.01
Margin Trading
Yes	Yes
Margin Rate
0.2%
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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS, Android and Windows	iOS & Android
App Review
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless.	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
4.3	4
Copy Trading
No	Yes
Copy Trading Platform
	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
No	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
Islamic Account
Yes	No
Account Currencies
USD EUR GBP ZAR	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 Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500	DAX GER 40 Index FTSE UK Index
Commodities
Gold Oil	Coffee Gold Oil Silver
CFD Trading
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.	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	1:500
FTSE Spread
	Floating
GBPUSD Spread
1	Floating
Oil Spread
2.3	Floating
Stocks Spread
2	Floating
Forex Trading
IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.	Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
Forex App
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.
GBPUSD Spread
5 pips	Floating
EURUSD Spread
14 pips	Floating
EURGBP Spread
15 pips	Floating
Assets
60+	25+
Cryptocurrency
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.	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
BTC 7%, ETH 12% (Var)	Floating
Coins
BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.	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
91%	95%
Expiry Times
	5 seconds - 30 days
Ladder Options
Yes	Yes
Boundary Options
Yes	No

Review	Review
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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