RaceOption vs IQ Option

Compare RaceOption and IQ Option in this side-by-side table listing each broker’s features, platforms, instruments and much more.

RaceOption vs IQ Option Comparison Table 2024
Feature RaceOption IQ Option
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3.5
United States Flag
United States accepted
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4
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United States NOT accepted
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Summary

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.

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.

CFD Trading
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.

Forex Trading
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.

Crypto Trading
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.

IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.

IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.

CFD Trading
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.

Forex Trading
IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.

Crypto Trading
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.

Warning RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
Bonus 20% - 200% Deposit Bonus None
Instruments Binary Options, CFDs CFD, Forex, Crypto, Stocks, Digital Options
Demo Account Yes Yes
Minimum Deposit $250 $10
Minimum Trade $0.01 0.001 Lots
Expiry Times 5 seconds - 30 days
Ladder Binary Options Yes Yes
Boundary Binary Options No Yes
Payment Methods
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • Mastercard
  • Neteller
  • Perfect Money
  • Skrill
  • Visa
  • Alipay
  • Boleto
  • Credit Card
  • GlobePay
  • Maestro
  • MoneyGram
  • Perfect Money
  • QIWI
  • Skrill
  • Sofort
  • Vietcombank Transfer
  • Volet
  • Wire Transfer
  • Yandex Money
Mobile Apps iOS & Android iOS, Android and Windows
Copy Trading Yes No
Social Trading Yes No
Margin Trading Yes Yes
Margin Rate 0.2%
MetaTrader 4 No No
MetaTrader 5 No No
cTrader No No
AlgoTrader No No
OmniTrader No No
TradingView Yes No
Autochartist No No
eSignal No No
Trading Central No No
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 Yes
Market Maker No Yes
P2P Trading No No
Spot Trading Yes No
VPS Hosting No No
Tournaments Yes Yes
Demo Competitions No No
Ethical Investing No No
Islamic Account No Yes
Account Currencies USD, EUR, GBP, AUD, RUB USD, EUR, GBP, ZAR
Stock Exchanges
  • DAX GER 40 Index
  • FTSE UK Index
  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
Commodities
  • Silver
  • Gold
  • Coffee
  • Oil
  • Oil
  • Gold
CFD Trading Yes Yes
CFD Leverage 1:500 1:500
CFD FTSE Spread Variable
CFD GBPUSD Spread Variable 1
CFD Oil Spread Variable 2.3
CFD Stocks Spread Variable 2
Forex Trading Yes Yes
Forex App

IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.

Forex GBPUSD Spread Variable 5 pips
Forex EURUSD Spread Variable 14 pips
Forex EURGBP Spread Variable 15 pips
Forex Assets 25+ 60+
Crypto Trading Yes Yes
Crypto Spread Variable BTC 7%, ETH 12% (Var)
Crypto Coins
  • BTC
  • BCH
  • BTC
  • DASH
  • EOS
  • ETC
  • ETH
  • LTC
  • OMG
  • QTUM
  • TRX
  • XRP
  • ZEC
Crypto Lending No No
Crypto Mining No No
Crypto Staking No No
Crypto Auto Market Maker No No
rating empty
rating full
3.5
United States Flag
United States accepted
» Visit
rating empty
rating full
4
United States Flag
United States NOT accepted
» Visit

FAQ

Is RaceOption or IQ Option better?

We have rated IQ Option (80%) higher than RaceOption (70%), but the overall rating can't be the only determining factor. For example, does RaceOption accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use the comparison table to see if RaceOption or IQ Option is best for you.