Your capital is at risk. Trade only with funds you can afford to lose.
Pocket Option
#1 in our binary options broker rankings
Accepts traders from SM
Rating breakdown
- Regulation & trust2.01.5 higher than RaceOption (0.5)
- Assets & markets2.50.3 lower than RaceOption (2.8)
- Fees & costs3.50.7 higher than RaceOption (2.8)
- Platforms & tools3.30.3 higher than RaceOption (3.0)
- Accounts & banking3.51.0 higher than RaceOption (2.5)
- Education3.52.7 higher than RaceOption (0.8)
- Research3.02.2 higher than RaceOption (0.8)
- Customer support3.30.8 higher than RaceOption (2.5)
RaceOption’s score. Numbers show the difference.
RaceOption
#16 in our binary options broker rankings
Accepts traders from SM
We do not recommend trading with RaceOption due to a pattern of withdrawal issues and regulatory warnings.
Rating breakdown
- Regulation & trust0.51.5 lower than Pocket Option (2.0)
- Assets & markets2.80.3 higher than Pocket Option (2.5)
- Fees & costs2.80.7 lower than Pocket Option (3.5)
- Platforms & tools3.00.3 lower than Pocket Option (3.3)
- Accounts & banking2.51.0 lower than Pocket Option (3.5)
- Education0.82.7 lower than Pocket Option (3.5)
- Research0.82.2 lower than Pocket Option (3.0)
- Customer support2.50.8 lower than Pocket Option (3.3)
Pocket Option’s score. Numbers show the difference.
| Pocket Option | RaceOption | |
|---|---|---|
| Overview | 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. The broker claims to offer fast funding, low fees and a secure trading environment, but our investigation says otherwise. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes. |
| Customer Reviews | Based on 23 customer reviews | Based on 2 customer reviews |
| Bonus Offer | 100% Deposit Bonus | 100% Deposit Bonus |
| Comment by Reviewer | “Pocket Option stands out as one of the best binary brokers for active traders owing to its now industry-leading range of binary assets and frequent platform upgrades, including ‘AI Trading’ and a wider suite of expiry times, ranging from just 3 seconds up to 4 hours for short-term traders.” | “ While RaceOption may offer a wide range of binary assets, notably US technology stocks and niche cryptos, we uncovered warnings from 5 trusted regulators and have read dozens of withdrawal complaints from other users, making it high-risk and unsafe for binary options traders.” |
| Pros |
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| Cons |
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| Awards |
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| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | Binary Options, CFDs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $200 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | $1 | $0.01 |
| 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 | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | No |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Android (plus APK), iOS via mobile web trader and progressive web app | iOS & Android via mobile web trader |
| 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 | – | |
| 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. | RaceOption has a well thought-through copy trading service, available to live account holders. In our last assessment, we really liked the level of stats you get on traders before you hit copy, including profitability, total profit, total turnover, balance, win rate, and total trades. Being able to set your own copy trading rules also adds important flexibility we’ve not seen at some other firms in this list. |
| 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 | Yes | No |
| Account Currencies |
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| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | 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 | ||
| Overview | 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 | ||
| Overview | Pocket Option has a strong crypto offering with popular tokens like Bitcoin, Dogecoin and Litecoin. It’s also one of the only binary brokers we’ve seen to offer a Bitcoin ETF. The payouts up to 92% on cryptos like Bitcoin are also excellent, and a step up from the payouts that were closer to 15% during our previous round of tests. | RaceOption has increased its suite of crypto binaries, now offering 35 assets paired with USDT, from Bitcoin and Doge to Ethereum. Crypto payouts aligned with platform and industry averages during our testing, climbing to 87% during peak sessions, while the off-peak decline was less severe than competitors like CloseOption. |
| Spread | N/A | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Pocket Option offers ultra-short-term binaries from 3 seconds on one of the simplest web platforms for beginners. Typical payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. | RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $200 minimum deposit, clients can enjoy free deposits and fast withdrawals. |
| Payout | 92% (218% on accumulator Express Trades) | 95% |
| Expiry Times | 3 seconds - 4 hours | 5 seconds - 30 days |
| Ladder Options | No | Yes |
| Boundary Options | No | No |