Saxo Bank vs RaceOption

Saxo Bank vs RaceOption Comparison Table 2023
Saxo Bank RaceOption
WINNER
RaceOption is the better broker
Not Yet Rated
United States Flag Traders from US not accepted
3.5
United States Flag Traders from US accepted
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
75% of retail accounts lose money.
Bonus
Trading contests & prize giveaways
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Binary Options, CFDs
Demo Account
Yes Yes
Minimum Deposit
$250
Payment Methods
Minimum Trade
Vary by asset $1
Regulator
DFSA, MAS, FCA, SFC
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes 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
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Copy Trading
No Yes
Copy Trading Platform
Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard.
Social Trading
No No
Trade Signals
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
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • RUB
Stock Exchanges
Commodities
CFD Trading
Go long and short on popular financial markets via the RaceOption platform
Leverage
1:30 1:100
FTSE Spread
1.2 pts (Variable) Floating
GBPUSD Spread<
0.7 (var) Floating
Oil Spread
0.03 Floating
Stocks Spread
0.10% (subject to min commission) Floating
Forex Trading
Trade major and minor currency pairs with competitive leverage rates
GBPUSD Spread
0.7 (varies by region) Floating
EURUSD Spread
0.2 (varies by region) Floating
EURGBP Spread
0.6 (varies by region) Floating
Assets
40+ 25+
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. Trade Bitcoin against the USD and CNY
Spread
Variable Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered RaceOption offers binary options on popular financial markets with payouts up to 90%. The broker also runs regular trading contests.
Payout
90%
Expiry Times
30 seconds - 1 month
Ladder Options
No Yes
Boundary Options
No No
75% of retail accounts lose money.
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