Olymp Trade vs RaceOption

Olymp Trade vs RaceOption Comparison Table 2024
Olymp Trade	RaceOption
Review 1.5	Review 3.5

Olymp Trade was established in 2014 and now boasts over 89 million traders. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform and attractive rewards for new traders. Olymp Trade also offers fixed time trades (FTT) over a diverse range of markets. The brand is licensed offshore by the VFSC.	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 Based on 1 RaceOption customer reviews
Bonus Offer
	20% - 200% Deposit Bonus
Comment by Reviewer
"Olymp Trade remains a good choice for beginners looking for a user-friendly bespoke platform and mobile app, plus 24/7 customer support. The $10 minimum deposit makes it easy to get started, however, the range of additional day trading tools trails competitors."	"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
Short-term strategies are catered to with scalping signals and chart timeframes from 5 seconds Diverse range of day trading markets including commodities, cryptos and composite indices Over 10 flexible payment methods available including bank cards and Bitcoin deposits Beginner-friendly blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders Fixed time trades (FTT) on popular markets with payouts up to 93% 24/7 customer support via the broker's hotline, email or live chat Commission discounts up to 20% for experienced investors	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
Weak regulatory oversight and offshore registration means traders will receive limited safeguards compared to top alternatives Only one proprietary platform available, with no access to popular third-party software such as MT4 or cTrader Commissions charged on all assets - up to 15% on standard trades and up to 10% on FTT The best conditions are available only to those who can deposit at least $500 Very limited range of charting tools and indicators on the platform Research and education trails most alternatives Limited transparency on the website	$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
Best Mobile Trading Platform - World Finance Awards 2021 Best Investment Broker - The Forex Awards 2021 Best FX Trading Platform - Forex Expo 2020
Instruments
Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades	Binary Options, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$10	$250
Trading Platforms
Olymp Trade Platform	TradingView
Payment Methods
Bitcoin Payments Credit Card Debit Card Mastercard Neteller Perfect Money Skrill UnionPay Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
$1	$0.01
Regulator
VFSC
Margin Trading
No	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
No	Yes
Mobile Apps
Android & Windows	iOS & Android
App Review
	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
	3.8
iOS App Rating
	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
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP AUD RUB
Stock Exchanges
CAC 40 Index France DAX GER 40 Index FTSE UK Index Hang Seng Japan Exchange Group Nasdaq Russell 2000 S&P 500	DAX GER 40 Index FTSE UK Index
Commodities
Gold Natural Gas Oil Platinum Precious Metals Silver	Coffee Gold Oil Silver
CFD Trading
You can speculate on a small range of CFDs covering popular asset classes such as forex, indices, commodities, cryptos and ETFs. Whilst prices trail the best brokers, the CFD trading platform is a compelling solution for beginners looking for simplicity, and you can get started with just $10.	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
	Floating
GBPUSD Spread
	Floating
Oil Spread
	Floating
Stocks Spread
	Floating
Forex Trading
Olymp Trade offers the industry average of around 30 currency pairs. Spreads came in at 1.1 pips for EUR/USD during tests, which is not the most competitive compared to leading brands like AvaTrade (0.9 pips). That said, experienced traders can access multipliers up to x500 on major pairs.	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.
GBPUSD Spread
	Floating
EURUSD Spread
1.1	Floating
EURGBP Spread
	Floating
Assets
30+	25+
Currency Indices
USD
Cryptocurrency
Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto.	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
Variable	Floating
Coins
BTC ETH LTC DASH AVX BNB BCH LNK DOGE GLM SOL XTZ XRP ADA DASH EOS KSM MAT DOT XLM UNI	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Olymp Trade offers fixed time trades (FTT) on a diverse but modest range of markets, from OTC currencies to composite indices. FTT commissions are charged between 5%-10% and you can trade with ultra-short time frames from 5 seconds. Payouts are available up to 93% for those who can afford the $2000 'Expert' status deposit.	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
93%	95%
Expiry Times
5 seconds - 23 hours	5 seconds - 30 days
Ladder Options
No	Yes
Boundary Options
No	No

Review	Review
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