Raceoption vs IQCent

Raceoption or IQCent – which is better for UK traders 2025? Compare Raceoption and IQCent in this detailed breakdown of their platforms, features and fees.

Raceoption vs IQCent Comparison Table 2025
Raceoption IQCent
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3.5
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3.7
Raceoption is ranked #7 among binary options brokers. IQCent is ranked #2 among binary options brokers.
Review
Review
RaceOption, a binary options broker based in the Marshall Islands, serves over 1,500 clients. It provides swift funding, minimal fees, and a secure trading platform. Traders can explore over 100 binary options and CFDs, benefit from copy trading, and compete for weekly prizes. IQCent operates as an offshore broker for binary options and CFDs, with headquarters in the Marshall Islands. It provides distinct account types with enticing benefits, such as payout enhancements, TradeBacks, and complimentary rollovers. Offering over 100 assets for trade around the clock and payouts up to 98%, it attracts budding traders looking for short-term opportunities.
Pros
  • RaceOption simplifies account funding with no-fee, near-instant deposits through bank cards and cryptocurrencies. Withdrawals are processed within one hour, guaranteed.
  • Returns on well-known assets such as EUR/USD can go up to 95%, outperforming many other options based on our analysis and boosting potential gains. Additionally, the initial three trades incur no risk in Silver and Gold accounts.
  • RaceOption is among the select few brokers providing 24/7 multilingual video chat. However, our interactions suggest that their agents require better understanding of trading and regulatory matters.
  • The broker provides payouts of up to 98% on binary options, surpassing alternatives such as Pocket Option, which offers a maximum of 92%.
  • The proprietary terminal features TradingView charts, providing numerous technical indicators and analyses for traders.
  • IQCent is a rare binary options broker providing a copy trading service for passive traders.
  • CFD trading fees are competitive, with major forex pairs like EUR/USD incurring costs from just 0.7 pips.
  • The broker offers quick and dependable customer support around the clock, usually responding in under a minute during tests.
  • New traders with a modest budget can start trading with a minimal stake of just $0.01.
  • Enthusiastic traders may participate in competitions that offer cash prizes.
Cons
  • RaceOption operates as an unregulated broker, offering high-risk trading with no investor compensation or legal remedies if trading or withdrawal problems arise.
  • The $250 minimum deposit, though still attainable for numerous retail investors, presents a higher entry barrier compared to platforms like Deriv and World Forex, which cater more to budget-conscious traders.
  • RaceOption, lacking both a demo account and educational resources, is not ideal for novice traders.
  • IQCent lags behind competitors such as Quotex, offering a limited selection of approximately 100 assets and lacking stock options.
  • The broker operates without oversight from a reputable regulator, which is typical for binary options companies.
  • IQCent imposes a £10 monthly inactivity fee if a trader does not execute at least one trade each month.
  • The market analysis provides only fundamental details, offering limited technical summaries and insights from analysts.
  • Automated trading support is unavailable for algorithmic traders.
Awards
  • Best Binary Broker 2023 - DayTrading.com
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Binary Options, CFDs Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
20% - 200% Deposit Bonus 20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$250 $250
Payment Methods
Minimum Trade
$0.01 $0.01
Regulator
IFMRRC
Mobile Apps
iOS & Android iOS & Android
Trading App

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.

IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
iOS App Rating
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4
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4.3
Android App Rating
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3.8
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4.1
Margin Trading
Yes 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
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
No
Copy Trading
Yes Yes
Copy Trading Platform
Utilise the RaceOption leaderboard to mirror the strategies of various traders. Begin trading in three quick steps and follow several traders at once. The broker's web platform includes a copy trading service, allowing users to follow and replicate trades from up to ten seasoned investors. Its standout feature is simplicity: choose an investment amount and click 'copy'. However, the selection of master traders is limited, and historical performance data is sparse, reducing reliability.
Social Trading
Yes Yes
VPS Hosting
No No
Tournaments
Yes Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
  • USD
  • EUR
Commodities
  • Silver
  • Gold
  • Coffee
  • Oil
  • Gold
  • Copper
  • Oil
CFD
Engage in trading with a selection of CFD instruments in major markets such as indices and commodities. Traders can execute trades straight from charts, utilising leverage up to 1:500 and adjustable timeframes. CFD trading covers forex, indices, commodities, and cryptocurrencies. However, the selection of over 100 instruments falls short when compared to alternatives like Quotex, which offers over 400. Traders can access leverage up to 1:500, yet the $250 minimum deposit requirement is significantly higher than that of competitors.
Leverage
1:500 1:500
FTSE Spread
Variable 1.4
GBPUSD Spread<
Variable 0.8
Oil Spread
Variable 0.05
Stocks Spread
Variable N/A
Forex
RaceOption provides over 25 major and minor currency pairs on a straightforward, web-based platform. It features more than 30 indicators and includes integrated copy trading options, allowing for an effortless investment strategy. Traders using IQCent can engage with CFDs or binary options across more than 45 currency pairs. CFD spreads begin at 0.3 pips, while binary options offer attractive payouts up to 95%. In comparison, Pocket Option limits forex payouts to a maximum of 81%, making IQCent a competitive choice.
Assets
25+ 49
GBPUSD Spread
Variable 0.8
EURUSD Spread
Variable 0.3
EURGBP Spread
Variable 0.8
Cryptocurrency
Trade widely-held crypto CFDs with leverage of up to 1:30, using Bitcoin, Ethereum, or other altcoins for convenient funding. Enjoy flexible, round-the-clock trading from home or wherever you are. Cryptocurrencies are available in pairs with USD and CNY. IQCent provides access to 17 cryptocurrency pairs via its own platform, featuring popular options like Bitcoin, Ethereum, and Litecoin. With crypto CFDs, leverage is limited to 1:10. Payouts for binary options differ by token yet stay competitive, with some OTC assets offering payouts as high as 95%.
Spread
Variable Variable
Coins
  • BTC
  • BTC
  • ETH
  • LTC
  • ETC
  • DOGE
  • MATIC
  • QNT
  • SOL
  • XRP
  • USDT
  • XMR
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
RaceOption provides over 100 trading options with payouts reaching 95% and expiries starting from just 5 seconds. A minimum deposit of $250 allows clients to benefit from zero deposit fees, swift withdrawals, and an array of trading bonuses. IQCent provides binary options featuring exceptional payouts up to 98%. The platform, albeit with basic analysis tools, accommodates various timeframes ranging from 1 minute to 1 month, supporting both short and long-term trading strategies. However, it is worth noting that stock binaries are unavailable.
Payout
95% 98%
Expiration Times
5 seconds - 30 days 5 seconds - 1 month
Boundary Options
No No
Ladder Options
Yes No
Raceoption IQCent
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