World Forex vs RaceOption
| World Forex Review 2023 | RaceOption Review 2023 |
|---|---|
4
World Forex is #6 in our binary options broker rankings. |
3.5
RaceOption is #4 in our binary options broker rankings. |
 Traders from US accepted |
Traders from US accepted |
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World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets. |
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. |
| Bonus Offer | |
| 100% Deposit Bonus | 20% - 200% Deposit Bonus |
| Promotions | |
| Comment by Reviewer | |
| "World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders." | "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 | |
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| Cons | |
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| Instruments | |
| Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | Binary Options, CFDs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $250 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | $0.01 |
| Regulator | |
| SVGFSA | |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | 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 | |
| iOS, Android + Web Browser | iOS & Android |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution. | 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 |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances. | 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 | |
| 1:1000 | 1:500 |
| FTSE Spread | |
| NA | Floating |
| GBPUSD Spread | |
| NA | Floating |
| Oil Spread | |
| NA | Floating |
| Stocks Spread | |
| From 0.03 | Floating |
| Forex Trading | |
| World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types. | 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 | |
| From 0.6 | Floating |
| EURUSD Spread | |
| From 0.6 | Floating |
| EURGBP Spread | |
| From 0.6 | Floating |
| Assets | |
| 53 | 25+ |
| Cryptocurrency | |
| Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available. | 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 | |
| 0 | Floating |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry. | 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 | |
| 100% | 95% |
| Expiry Times | |
| 1 minute - 7 days | 5 seconds - 30 days |
| Ladder Options | |
| No | Yes |
| Boundary Options | |
| No | No |
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| More Comparisons | |
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World Forex vs |
RaceOption vs |