Theres only 2 races right now Chinese and European.

Chinese Race:
-3 Weapon Masteries and
-(Fire/Lightning/Ice/Force)

European Race: 6 different classes in 3 different categories.
-Melee (Warrior & Rogue) Str
-Caster (Wizard & Warlock) Int
-Buffer (Cleric & Bard) Int
Euro races all about teamwork and need each other to be effective.

Ismalic Race: (Not yet released)
-Can summon genie which can cast all four elementable spells.
-Has 3 different weapons choices I think. (Not Sure)
-If you go more str based you will hit higher with weapon mastery
-If you go more int based you will hit higher with elementable spells (Genie)
-Also called a summoner cuz of the genie.