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Cryptobo vs Raceoption

Cryptobo or Raceoption – which is better for UK traders 2024? Compare Cryptobo and Raceoption in this detailed breakdown of their platforms, features and fees.

Cryptobo vs Raceoption Comparison Table 2024
Cryptobo	Raceoption

1.5	3.5
Cryptobo is ranked #11 among binary options brokers.	Raceoption is ranked #11 among binary options brokers.
Review	Review
Cryptobo claims to be the first Bitcoin-based binary options broker, with 1.5 million registered clients and 50,000 trades executed on average per day. Users benefit from 24/7 trading opportunities with up to 91% payouts, alongside no minimum deposit and three-hour withdrawals.	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.
Pros
You can trade binary options on crypto, stocks, forex, indices and commodities Trade anonymously with no KYC checks High payouts up to 91% per trade Customer support is available 24/7 500 Satoshi bonus for new clients No minimum deposit	RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour. Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts. RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
Cons
Unregulated broker with low trust score No expiry times beyond five hours Limited company details available Some negative user reviews High minimum withdrawal No live chat support	RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues. While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders. RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, Stocks	Binary Options, CFDs
Bonus
	20% - 200% Deposit Bonus
Demo Account
No	Yes
Minimum Deposit
0.0000001 BTC	$250
Payment Methods
	Credit Cards Debit Card Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
0.0000001 BTC	$0.01
Mobile Apps
No	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.
iOS App Rating
	4
Android App Rating
	3.8
Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	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
No	Yes
Copy Trading
No	Yes
Copy Trading Platform
	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
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
	USD EUR GBP AUD RUB
Commodities
	Silver Gold Coffee Oil
CFD
	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
	1:500
FTSE Spread
	Variable
GBPUSD Spread<
	Variable
Oil Spread
	Variable
Stocks Spread
	Variable
Forex
You can trade binary options on a range of major, minor and exotic currency pairs such as EUR/USD, USD/JPY and GBP/USD. You can choose the currency asset and timeframe in a few clicks on the web platform.	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.
Assets
16	25+
GBPUSD Spread
N/A	Variable
EURUSD Spread
N/A	Variable
EURGBP Spread
N/A	Variable
Cryptocurrency
Cryptobo combines three of the most popular coins, including Bitcoin, with an array of fiat currencies for 12 cryptocurrency binary options pairs.	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
N/A	Variable
Coins
BTC ETH LTC	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Cryptobo is a binary options-only broker with high payouts and a sleek, intuitive trading platform. With no minimum deposit, payouts up to 91% and a minimum trade size 0.0000001 BTC, you can get started quickly.	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
91%	95%
Expiration Times
Up to 5 hours	5 seconds - 30 days
Boundary Options
No	No
Ladder Options
No	Yes

Cryptobo	Raceoption
Review	Review
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