Pocket Option vs RaceOption

vs
Pocket Option vs RaceOption Comparison Table 2024
Pocket Option RaceOption
4.2
3.5

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
4.3
4
Bonus Offer
50% Deposit Bonus 20% - 200% Deposit Bonus
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 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
  • 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
  • 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
  • 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
  • $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 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
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
Commodities
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
Floating
GBPUSD Spread
Floating
Oil Spread
Floating
Stocks Spread
Floating
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. 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
N/A Floating
EURUSD Spread
N/A Floating
EURGBP Spread
N/A Floating
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 Floating
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