World Forex vs RaceOption

World Forex vs RaceOption Comparison Table 2024
World Forex	RaceOption
Review 4	Review 3.5

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.
Customer Reviews
	4 Based on 1 RaceOption customer reviews
Bonus Offer
100% Deposit Bonus	20% - 200% Deposit Bonus
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
A wide range of assets to trade, including via digital contracts Several different account types with varied pricing structures MT4, MT5 and a proprietary trading terminal Swap-free account available 10+ accepted payment methods Low deposit of $1 Copy trading solution Educational content STP/ECN technology Demo account VPS hosting	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 regulation Withdrawal fees apply No negative balance protection	$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
Instruments
Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts	Binary Options, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$1	$250
Trading Platforms
MT4 MT5	TradingView
Payment Methods
ADVcash Apple Pay Bitcoin Payments Credit Card Debit Card Google Wallet Mastercard Perfect Money Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
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
App Review
The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.	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
1.3	3.8
iOS App Rating
1.3	4
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
USD EUR RUB	USD EUR GBP AUD RUB
Stock Exchanges
Nasdaq S&P 500	DAX GER 40 Index FTSE UK Index
Commodities
Gold Oil Palladium Platinum Silver	Coffee Gold Oil Silver
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
	Floating
Coins
BTC DSH LTC ETH ZEC XRP BCH XMR EOS NEO	BTC
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

Review	Review
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