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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

3.5	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, an offshore brokerage in the Marshall Islands, specialises in binary options and CFDs. The firm provides distinct account options offering bonuses, benefits, payout increases, TradeBacks, and complimentary rollovers. With over 175 assets, 24/7 trading, and 98% payouts, it attracts budding traders.
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.	IQCent has expanded its offerings by adding over 60 new assets. This includes popular cryptocurrencies like TON and SHIB, high-ranking stock CFDs such as TSLA and NVDA, and unique FX pairs like THB and HUF. 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 binary brokers such as Quotex due to its limited investment range of approximately 175 assets, including few stocks. 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
Credit Cards Debit Card Mastercard Neteller Perfect Money Skrill Visa	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$0.01	$0.01
Regulator
	IFMRRC
Mobile Apps
iOS & Android	iOS & Android
Trading App
Although testing faced some connection issues, the RaceOption mobile trading platform excels. Essential settings for adjusting binary parameters surround the chart, enabling easy trade confirmation via 'Up' and 'Down' buttons. Additionally, selecting 'My Trades' in the bottom left allows seamless monitoring of multiple trades.	IQCent provides mobile trading via major browsers with a user-friendly interface. The account navigation, asset browsing, and binary trading require just a few clicks. Easy access to the copy trading feature is a plus, as are the interactive charts you can pinch to zoom.
iOS App Rating
4	4.3
Android App Rating
3.8	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.	CFDs cover forex, indices, commodities, and cryptocurrencies. However, the 175+ instruments offered fall short compared to alternatives like Quotex, which offers over 400. Leverage reaches up to 1:500, though the $250 minimum deposit is relatively high versus 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.	IQCent traders can engage with CFDs or binary options on more than 55 forex pairs, including new exotic options like MXN and HUF from 2025. CFD spreads begin at 0.3 pips, with binary options yielding up to 95%, outperforming competitors like Pocket Option, which offers forex payouts of only up to 81%.
Assets
25+	55+
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
Review	Review
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