Pocket Option vs RaceOption

Which One is Better? Pocket Option vs RaceOption

If you are interested in binary options trading, then the first step is to choose a reliable broker. Two of the most popular and well-known brokers in this field are Pocket Option and RaceOption. Both have their own unique features and benefits, but which one should you choose? In this blog post, we will compare Pocket Option vs RaceOption on various aspects such as history, regulation, trading platform, bonuses and special features. By the end of this article, you will have all the information necessary to make an informed decision about which broker suits your needs best!

	Winner
Broker Name	Pocket Option	RaceOption
Founded	2017	2018
Regulation	IFMRRC	VFSC
Demo
Min. Deposit	$10	$250
Min. Investment	$1	$1
Max. Investment	$1000	$1000
Instruments	Binary Options, Forex	Binary Options
Assets	+100	+50
Available On:	Android, iOS, Web	Web
	Visit Pocket Option	Visit RaceOption

History

Both Pocket Option and RaceOption are relatively new players in the binary options trading industry. Pocket Option was founded in 2017, while RaceOption launched its services a year later in 2018. Despite their short history, both brokers have managed to establish themselves as reliable and trustworthy platforms for traders.

Pocket Option has quickly gained popularity among traders due to its innovative features such as copy trading and signals. On the other hand, RaceOption has made a name for itself by offering various bonuses and promotions to attract more customers.

Although both brokers were established recently, they have already built a strong reputation for providing excellent customer support and user-friendly interfaces. They also offer numerous educational resources such as webinars, tutorials, and video courses to help traders improve their skills.

Even though these brokers do not have extensive histories compared to some of the more established players in the industry, they have proven themselves capable of competing with them on all fronts – from innovation to user experience.

Regulation

Regulation is one of the most important factors to consider when choosing a binary options broker. Pocket Option and RaceOption are two popular choices in this industry, but how do they compare when it comes to regulation?

Pocket Option operates under the International Financial Market Relations Regulation Center (IFMRRC). This regulatory body aims to protect traders by ensuring that brokers operate in a fair and transparent manner. While IFMRRC may not be as well-known as other regulatory bodies, it still provides some level of oversight for Pocket Option.

On the other hand, RaceOption claims to be regulated by the Vanuatu Financial Services Commission (VFSC). However, upon closer inspection, it seems that their regulation might not be as strong as they claim. The VFSC has been known to have looser regulations compared to more reputable regulatory bodies like CySEC or FCA.

It’s worth noting that neither Pocket Option nor RaceOption are regulated by any major financial authority such as CySEC or FCA. As such, traders should exercise caution when trading with these brokers.

While both brokers have some form of regulation in place, traders seeking greater protection may want to consider other options with stronger regulatory oversight.

Trading Platform

When it comes to trading, the platform you use can make a significant difference in your success. Both Pocket Option and RaceOption offer user-friendly trading platforms that cater to both new and experienced traders.

RaceOption’s platform is known for its simplicity and ease of use. The platform offers an intuitive interface with customizable charts and graphs, making it easy for users to monitor their trades. Additionally, RaceOption provides access to various analytical tools that help traders identify trends and patterns in the market.

Pocket Option offers a more advanced trading platform compared to RaceOption, providing traders with numerous customization options. The platform includes over 100 technical indicators enabling users to analyze the market thoroughly.

One unique feature available on both platforms is copy-trading functionality which allows users to replicate other successful trader’s positions automatically.

When it comes down to user experience between Pocket Option vs RaceOption; both platforms provide excellent experiences catering towards different types of traders’ needs from beginner simplicity or professional customizability respectively

Mobile Apps

In today’s fast-paced world, traders need to have access to their trading platforms on the go. Mobile trading apps allow you to trade binary options anytime and from anywhere in the world. Pocket Option offers a mobile app for both iOS and Android devices. The app is easy to use and provides all the features of the web platform.

The Pocket Option mobile app allows you to open trades, view your trade history, deposit funds, withdraw profits, and even chat with support staff if needed. The user-friendly interface allows traders of all levels of experience to navigate effortlessly through market analysis tools and charting options.

On the other hand, RaceOption doesn’t offer a dedicated mobile app yet. However, traders can still access their accounts via their mobile browser by simply logging into their account on the website.

While this may not be as convenient as having a separate mobile application at your fingertips like Pocket Option does; it still enables users to place trades whenever they want or wherever they are without any hassle.

When it comes down to which broker offers better mobility convenience between Pocket Option vs RaceOption – hands down: Pocket Option wins thanks its seamless application performance for both iOS & Android devices that provide users an unparalleled level of flexibility while trading on-the-go!

Demo

Both Pocket Option and RaceOption offer demo accounts for traders to practice their trading strategies before investing real money. This is a great feature as it allows beginners to familiarize themselves with the platform without risking any capital.

Pocket Option’s demo account is easy to access and doesn’t require registration. You can simply click on the “try demo” button on their homepage, and you will be redirected to a pre-loaded $10,000 virtual account where you can start trading immediately.

On the other hand, RaceOption requires users to sign up first before accessing their demo account. Once registered, traders get a $10,000 virtual balance loaded into their account. The downside of this is that some may find it time-consuming compared to Pocket Option’s no-registration-required approach.

Both platforms provide an opportunity for traders who want to test out different strategies or learn new skills in trading binary options. However, keep in mind that there are differences between virtual trading versus actual investment which could affect actual results when moving towards live trades.

Assets

When it comes to trading binary options, having a variety of assets available is crucial. Pocket Option offers over 100 different assets for traders to choose from, including forex pairs, commodities, stocks and cryptocurrencies. The platform also allows traders to customize their own personal asset list for easy access.

On the other hand, RaceOption offers around 50 assets which includes forex pairs, commodities and indices. Although there are less options compared to Pocket Option, some traders may prefer this as it can help them focus on certain markets without being overwhelmed by too many choices.

It’s worth noting that both platforms offer popular currency pairs such as EUR/USD and GBP/USD. Additionally, they both have competitive payout rates ranging from 70% up to 95%.

While Pocket Option provides more diverse range of assets than RaceOption does; however the latter may be better suited for those who want a simpler approach with fewer selection of assets. It ultimately depends on individual trader preferences when choosing between these two brokers in terms of their offered asset lists.

Deposit & Withdrawal

Both Pocket Option and RaceOption offer a variety of deposit and withdrawal methods for their clients. However, there are some differences between the two brokers.

Pocket Option allows traders to deposit funds through various payment options such as credit/debit cards, e-wallets, cryptocurrencies (Bitcoin, Litecoin) and bank transfers. The minimum deposit amount is only $50 which makes it easier for beginner traders to start trading with live accounts.

On the other hand, RaceOption requires a minimum deposit of $250 which is higher than Pocket Option’s requirement. Traders can also use several payment methods including credit/debit cards, Bitcoin and wire transfer. However, they do not have any e-wallets available at this time.

Both brokers ensure fast processing times when it comes to deposits/withdrawals requests however this may vary depending on the chosen method by the client. It’s important that traders choose a broker that offers easy-to-use banking options so they can focus more on trading rather than worrying about how to fund their accounts or withdraw profits from them.

Bonuses

Both Pocket Option and RaceOption offer bonuses to their traders. However, the types of bonuses on offer differ between the two platforms.

Pocket Option offers a range of different bonus options, including deposit bonuses, welcome bonuses, and cashback incentives. These can be particularly useful for new traders looking to get started with binary options trading.

On the other hand, RaceOption offers three risk-free trades as its main bonus option. This means that if your first few trades don’t go well, you won’t lose any money – making it a good choice for cautious or beginner traders.

It’s worth noting that both platforms have terms and conditions attached to their bonus offerings – so make sure you read these carefully before opting in.

While both Pocket Option and RaceOption offer some form of bonus incentive for new users signing up to their platform, the types of bonuses may be better suited for certain types of traders depending on their individual needs and preferences.

Special Features

Both Pocket Option and RaceOption offer unique special features to their clients. Pocket Option offers copy trading and signals, while RaceOption provides 3 risk-free trades.

Copy trading is a feature that allows traders to replicate the trades of successful traders. With this option, they don’t need to analyze market trends or make decisions on their own; instead, they can follow the trades of experienced traders and earn profits from them.

Signals are notifications that inform a trader about potential profitable trades in real-time. This feature enables traders to make quick decisions based on market conditions and avoid missing out on profitable opportunities.

On the other hand, RaceOption’s risk-free trade feature allows clients to place three trades without risking any money. If these three initial trades result in losses, then the company will refund those losses back into the client’s account balance.

Both copy trading & signals as well as risk-free trading have benefits for different types of traders, so it’s up to individuals deciding which one works best for them based on their preferences and investment style.

Where are they available?

Pocket Option and RaceOption are both binary options brokers that are available worldwide. They cater to traders from different parts of the world, providing them with access to various financial markets.

One advantage of these brokers is that they allow traders from different countries to open trading accounts easily. However, their services may be limited in certain regions due to regulatory restrictions.

In terms of accessibility, Pocket Option and RaceOption have user-friendly platforms that can be accessed through web browsers on desktop computers or laptops. Traders can also use their mobile devices such as smartphones and tablets for trading anytime and anywhere.

Both brokers provide multiple language support on their platforms which makes it easy for traders who speak languages other than English to navigate through their services without any difficulties.

Whether you’re a trader in Europe, Asia or America – Pocket Option and RaceOption offer an accessible trading environment for anyone seeking profitable opportunities within the binary options space.

How to choose binary options broker?

Choosing a binary options broker requires careful consideration of several factors. The first step is to ensure that the broker is licensed and regulated by a reputable financial authority. This ensures that your funds are safe and that the platform operates in compliance with industry standards.

Another important factor to consider is the trading platform offered by the broker. You want a platform that is user-friendly, reliable, and offers advanced features such as technical analysis tools, charting capabilities, and risk management tools.

It’s also important to consider what assets are available for trading on the platform. This includes stocks, commodities, currencies, and indices. Choose a broker with an asset selection that aligns with your investment goals.

Deposit and withdrawal methods should also be considered when selecting a binary options broker. Look for brokers offering multiple payment methods including credit cards, bank transfers, e-wallets like Skrill or Neteller etc.

Bonuses can often sway investors towards choosing one binary options broker over another but make sure you read all terms & conditions before accepting bonuses because they come up with some restrictions which may not fit into your investment plan.

Ultimately it’s essential to do thorough research before committing any money to any binary options trader or brokerage firm so you don’t regret later about wrong decisions!

Conclusion

After comparing Pocket Option and RaceOption, it is clear that Pocket Option comes out on top. While both platforms offer a wide range of assets to trade with and are available worldwide, there are several key differences between them.

Firstly, regulation is an important factor to consider when choosing a binary options broker. While Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), there is no information available about any regulatory body overseeing RaceOption’s operations. This lack of regulation can be concerning for traders who want assurance that their funds will be secure.

Additionally, Pocket Option offers several unique features such as copy trading and signals which can greatly benefit traders looking to improve their profitability. On the other hand, while RaceOption does offer 3 risk-free trades as a bonus for new users, this feature may not outweigh the concerns over its lack of regulation.

Based on our analysis and comparison between these two brokers, we do not recommend using RaceOption for binary options trading due to its unregulated status. We highly suggest considering Pocket Option instead for its superior regulatory oversight and unique features designed to help traders succeed in the market.