CloseOption Review 2025

What is CloseOption?

CloseOption is a binary options broker that was registered in Georgia in 2013. It operates under the supervision of the National Bank of Georgia. CloseOption provides its clients with trading in pairs with fiat currencies and cryptocurrencies through a proprietary web platform. The services of CloseOption are used by over 2 million traders worldwide, including the United States. The broker specializes in active options trading but also offers an affiliate program to generate passive income. More than ten payment systems are available to CloseOption clients for depositing and withdrawing funds, with the majority of them allowing fee-free transactions. CloseOption incentivizes traders by offering monetary rewards for trading with virtual funds. This encourages practice and skill development and allows earning real money without risking personal funds. Due to the small size of the minimum deposit, the broker is suitable for beginners. CloseOption will also appeal to experienced traders due to the increased payout rates on VIP accounts. However, there are some disadvantages of CloseOption. It offers a small range of trading assets and clients cannot trade with leverage. Payments on accounts with small deposits are lower than those of competing brokers. Overall, CloseOption is a reliable broker with the TU Overall Score of 7.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CloseOption clients, the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

What is the Review Rating of CloseOption?

What are the Pros of CloseOption?

CloseOption, a Georgia-headquartered broker with over a decade in the trading industry, offers high/low binary options trading on forex and crypto markets. Here are some of the key advantages:. Low Minimum Deposit: New traders can get started with a minimum deposit of just $5. This low entry barrier makes it accessible for individuals with varying investment capacities. Weekly Trading Tournaments: CloseOption organizes weekly trading tournaments with cash prizes. These tournaments provide an exciting opportunity for traders to compete and win cash prizes. User-friendly Platform: The platform is compatible with most web browsers. , making it convenient for users to trade from any device without the need for any additional software. Multiple Payment Methods: CloseOption supports multiple global payment methods. , providing flexibility for users to choose the most convenient method for them. Free Demo Account: CloseOption offers a free demo account. , allowing new users to practice and understand the trading process before investing real money. 24/7 Customer Support: CloseOption provides round-the-clock customer support. , ensuring that users can get assistance whenever they need it. Forex Trading: CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Cryptocurrency Trading: Traders can access high/low binary options on five major cryptos all paired with USD. . However, it’s important to note that while CloseOption offers many advantages, it also has some drawbacks. For instance, clients need to deposit $50,000+ to qualify for the best payouts. , and CloseOption is not regulated by a well-regarded trading authority. Therefore, potential users should carefully consider these factors before deciding to trade with CloseOption.

What are the Cons of CloseOption?

CloseOption, a binary options broker, has several disadvantages that potential investors should consider:. Limited Range of Trading Assets: CloseOption offers a relatively small range of trading assets. This limitation could restrict the diversification options for traders, potentially impacting their risk management strategies. No Leverage Trading: Unlike some other brokers, CloseOption does not offer leverage trading. This means that traders cannot amplify their trading positions, which could limit their potential profits. Lower Payouts for Small Deposits: CloseOption’s payout structure is such that accounts with smaller deposits receive lower payments compared to competing brokers. This could be a deterrent for traders with limited capital. High Deposit Requirement for Best Payouts: To qualify for the best payouts, clients need to deposit a significant amount of over $50,000. This high deposit requirement could be a barrier for many traders. Regulation Concerns: CloseOption is regulated by the National Bank of Georgia. However, it’s not regulated by a well-regarded trading authority. , which might raise concerns about its credibility and the safety of traders’ investments. Potential Delays in Deposits: There might be longer periods for the deposit to reflect in the trading account. High Risk of Loss: According to statistics, a significant percentage of customers lose the funds invested. Only a small percentage of traders earn a profit. This high risk is something potential investors should be aware of. Please note that while CloseOption has these disadvantages, it also has several advantages that might appeal to certain traders. It’s important for potential investors to thoroughly research and consider both the pros and cons before deciding to invest with any broker.

What are the CloseOption Current Promos?

CloseOption, a platform in the forex market, offers various promotions to its users. Here are the details:. Deposit Bonus: This bonus is a percentage of the money invested. To release and withdraw it, a certain transaction volume must be achieved. This gift can be received in the “Deposit” section by ticking the Bonus box. Currently, CloseOption is offering a 44% deposit bonus on every deposit you make. Welcome Bonus: This bonus is exclusively for customers who have recently registered and approved their accounts. No Deposit Bonus: This type of bonus is currently not available. It’s important to note that these bonuses are not given by default and must be requested by the user. In addition to these active bonuses, CloseOption has offered various deposit bonuses in the past, including 30%, 33%, 35%, 50%, and 60% bonuses. However, these offers have expired. For the latest updates on CloseOption promotions, users can check the “Promotion” page. Remember, trading in forex markets involves significant risk, and it’s important to understand the terms and conditions associated with these bonuses before participating.

What are the CloseOption Highlights?

CloseOption is a regulated binary options broker. that offers a variety of features and services to its users. Here are some highlights:. Trading Platform: CloseOption provides a proprietary web platform for trading. This platform allows users to participate in the financial markets with a minimum deposit of $5. Trading Features: The payout amount on CloseOption varies depending on the traded pair and the user account level. This structure can appeal to both beginners due to the small minimum deposit, and experienced traders due to the increased payout rates on VIP accounts. Account Types: CloseOption offers different account types to cater to the needs of various traders. Users can easily switch between accounts in the Trade Room. Tutorials: CloseOption provides a range of tutorials to help users understand how to use their TradeRoom, verify their account, check their account history, and more. Contests: CloseOption hosts trading competitions, offering real cash prizes. This adds an element of excitement and competition to the trading experience. Customer Support: CloseOption offers round-the-clock customer support via telephone, email, and live chat. This ensures that users can get help whenever they need it. Financial Transactions: CloseOption supports more than ten payment systems for depositing and withdrawing funds. Most of these systems allow fee-free transactions. Please note that while CloseOption offers a range of features and services, it also has some limitations. For instance, the range of trading assets is relatively small, and clients cannot trade with leverage. Despite these limitations, CloseOption remains a popular choice among traders, with over 2 million users worldwide.

Is CloseOption Legit and Trustworthy?

CloseOption is a binary options broker that offers trading on forex and crypto markets. However, the legitimacy and trustworthiness of CloseOption have been questioned by various sources. Regulation: CloseOption is registered with the National Bank of Georgia. However, it is not regulated by any worldwide serious Forex authority. It’s important to note that the National Bank of Georgia is not a well-regarded trading authority. Customer Reviews: CloseOption has mixed reviews from customers. On Trustpilot, it has an average rating of 3.6. Some customers have reported positive experiences, while others have raised concerns about the verification process and the discrepancy between the stated location in Georgia and the London phone numbers. Trading Platform: CloseOption offers a user-friendly binary options platform with high payouts and joining bonuses. However, the high payouts are only available to clients who deposit $50,000 or more. Deposits and Withdrawals: CloseOption accepts deposits through various methods, including bank cards, wire transfers, e-wallets, and popular cryptos like Bitcoin. However, some customers have reported issues with the deposit process. In conclusion, while CloseOption offers a range of trading options and features, the lack of regulation by a well-regarded trading authority and mixed customer reviews raise questions about its legitimacy and trustworthiness. Therefore, potential investors should exercise caution and conduct thorough research before investing through CloseOption.

Is CloseOption Regulated and who are the Regulators?

CloseOption is a trading platform that operates in the domain of Forex and Options Trading. It is registered in Georgia and was established on August 8, 2013. The company’s activities are permitted by a license, numbered B 2-08/3647, which was issued on October 18, 2017, by the National Bank of Georgia. This license allows CloseOption to conduct its Forex and Options Trading activities in accordance with the laws of Georgia. However, it’s important to note that while CloseOption is regulated by the National Bank of Georgia, it is not regulated by any reputed regulatory authority in its region. This means that while it is permitted to operate in Georgia, it may not be recognized or regulated by other international or regional financial regulatory bodies, such as the Cyprus Securities and Exchange Commission (CySec), the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), or the National Securities Market Commission (CNMV). In terms of its operations, CloseOption emphasizes that the only person who can trade is the account owner, and under no circumstances can access be granted to others to trade with your account or sell your account. They also do not offer interest on remaining money in a CloseOption account. If the money in an account is unused for three months or more, a holding cost, which according to the contract is half a percent per month, will be deducted from the account. In conclusion, while CloseOption is regulated by the National Bank of Georgia, potential traders should be aware that it is not regulated by other major international or regional financial regulatory bodies. As always, individuals should conduct thorough research and consider their financial goals and risk tolerance before engaging in Forex and Options Trading with any platform.

Did CloseOption win any Awards?

CloseOption, a powerful binary options broker, has indeed been recognized in the financial industry. However, the specific awards that CloseOption has won are not directly mentioned in the search results. CloseOption is known for its trading competitions, where traders compete for impressive rewards. For instance, they held a special contest filled with festive prizes to celebrate the joy of Christmas and New Year. In one of their weekly trading competitions, a trader named Albert Anderson won the 12th place and received a cash prize of $35.00. Furthermore, CloseOption offers a unique feature where for each $100 worth of tokens, traders are awarded a chance and an accelerator coin. This innovative approach could be seen as a form of recognition for their users’ trading skills. In the context of forex, it’s worth noting that CloseOption provides a platform for traders to make forecasts on cryptocurrencies and the forex market. Their user-friendly trading platform is designed for simplicity and security, making it a preferred choice for many traders. While Forex.com boasts a global reputation with multiple awards and over 20 years of experience, CloseOption holds the 6th place in the binary options broker rankings. This ranking itself can be considered a form of recognition in the competitive world of forex trading. In conclusion, while specific awards won by CloseOption are not mentioned, their recognition in the industry is evident through their innovative trading competitions, unique token system, and high ranking among binary options brokers. Their commitment to providing a secure and user-friendly platform for forex and cryptocurrency trading further underscores their standing in the financial industry.

How do I get in Contact with CloseOption?

CloseOption, a powerful binary options broker, offers several ways for customers and interested parties to get in touch with them. Email: You can reach out to CloseOption via email at info@CloseOption.com. This method allows you to send detailed queries or concerns and receive a comprehensive response. Telephone: CloseOption provides telephone support through two numbers: +442032902097 and +17068474747. This direct line of communication is ideal for immediate assistance. Live Chat: For real-time support, CloseOption offers a live chat feature. This tool is perfect for quick questions or issues that need immediate attention. Callback Request: If you prefer to speak with a representative at a specific time, you can make a callback request. This feature allows you to schedule a call at a time that works best for you. Physical Address: If you need to send physical mail or visit the office, CloseOption’s legal office address is in the Vake-Saburtalo district, Al Kazvegi ave. N41 Apt.N19, Tbilisi, Georgia. Remember, CloseOption is committed to helping you round the clock. Whether you’re a seasoned trader or new to the world of forex and binary options, their team is ready to assist you. Always ensure to communicate professionally and clearly for the best assistance.

Where are the Headquarters from CloseOption based?

CloseOption is a well-known player in the forex trading industry, offering a binary options trading platform for forex and cryptocurrency pairs. The company has a significant presence in two locations. The legal office of CloseOption is situated in the Vake-Saburtalo district, at Al Kazvegi ave. N41 Apt.N19, Tbilisi, Georgia. This location serves as the primary legal address for the company. However, CloseOption also has a notable presence in Cornwall, Ontario, Canada. This location is often referred to as the company’s headquarters in various resources. These two locations reflect the global reach of CloseOption, demonstrating its commitment to providing high-quality forex trading services to clients around the world. It’s important to note that the exact nature of CloseOption’s operations in these two locations may vary, and for the most accurate and up-to-date information, it’s recommended to reach out to CloseOption directly.

What kind of Customer Support is offered by CloseOption?

CloseOption, a Georgia-headquartered broker with over a decade in the trading industry, offers a comprehensive customer support system to assist its users. Contact Methods. CloseOption provides round-the-clock customer support, ensuring that assistance is available to users whenever they need it. The support team can be reached through various channels:. Telephone: Users can reach out to the support team via phone. The contact numbers provided are +442032902097 and +17068474747. Email: For those who prefer written communication or have detailed queries, they can send an email to info@CloseOption.com. Live Chat: CloseOption also offers a live chat feature, providing real-time assistance to users. Callback Request. In addition to the standard contact methods, CloseOption also offers a callback request feature. This allows users to request a call from the support team at their convenience. 24/7 Availability. One of the standout features of CloseOption’s customer support is its 24/7 availability. This ensures that users around the globe can receive assistance regardless of their time zone. Support for Trading. CloseOption specializes in binary options trading on forex and crypto markets. Therefore, their customer support is well-equipped to handle queries related to these areas. Whether users have questions about trading platforms, deposits and withdrawals, account currencies, or current promotions, the CloseOption support team is ready to assist. In conclusion, CloseOption’s customer support system is robust and user-friendly, making it a reliable choice for traders seeking assistance in their forex and crypto trading endeavors.

Which Educational and Learning Materials are offered by CloseOption?

CloseOption, a binary options broker registered in Georgia, offers a variety of educational and learning materials for those interested in binary options, Forex, and CFD trading. These resources are conveniently located in a dedicated Education section on the company’s website. The educational content provided by CloseOption is designed to cater to both novice and experienced traders. For beginners, the materials offer a wealth of information to help them understand the basics of binary options and Forex trading. This includes fundamental concepts, trading strategies, and risk management techniques. For more experienced traders, CloseOption’s educational resources can serve as a valuable tool for refining trading strategies and staying updated on market trends. The materials cover a wide range of topics, including advanced trading techniques, market analysis, and trading psychology. CloseOption’s commitment to education extends beyond their online resources. They also offer a user-friendly platform compatible with most web browsers. This platform allows traders to practice their trading skills and apply the knowledge they’ve gained from the educational materials. In addition to the educational resources, CloseOption also offers a free demo account. This allows traders to practice their trading strategies in a risk-free environment before transitioning to live trading. The demo account is an excellent learning tool as it provides traders with practical experience in trading binary options and Forex. Overall, CloseOption’s educational and learning materials, combined with their user-friendly trading platform and demo account, provide a comprehensive learning environment for traders at all levels.

Can anyone join CloseOption?

CloseOption is an online Binary Options trading platform that allows participation in the financial markets with a minimum deposit of $5. It offers a secure and trusted trading environment. , making it accessible for both novice and experienced traders. Eligibility Criteria. The primary eligibility criterion to join CloseOption is age. You must be at least 18 years of age and are required to be of legal age in your country of residence. In case of violation, your money will be blocked or delivered to your legal guardian, until the legal age. Account Types. CloseOption offers three types of accounts. Demo Account: This is recommended for novice traders. It requires $0 investment and is risk-free. Contest Account: This brings excitement into the learning experience. It has free or low entry fees and is risk-free. Real Account: This is recommended for experienced traders. It requires a minimum deposit of $5, and this is somehow risky. Upon creating an account on CloseOption, you gain immediate access to all three account types. You can use your Real account to make money without conditions, but after a while, you need to get your account approved. However, until your account is approved, you won’t be able to participate in their weekly contests. Trading Experience. CloseOption provides the ultimate Binary Options trading experience where you can get paid for your forecasts on cryptocurrencies and the Forex market. You can pick your convenient trade expiry (from 30 Seconds to 1 month) and start Binary Options trading. In conclusion, CloseOption is a platform that caters to a wide range of traders, from beginners to experienced ones, offering them a platform to participate in binary options trading. However, it’s important to remember that trading involves risk and should be done responsibly.

Who should sign up with CloseOption?

CloseOption is a binary options broker that offers a user-friendly platform for trading on forex and crypto markets. Here are some key points to consider:. Who Should Consider CloseOption?. Novice Traders: CloseOption is a good pick for traders seeking a user-friendly binary options platform. The minimum deposit is only $5. , making it easy for beginners to start trading binary options. They also offer a demo account. , which is recommended for novice traders. Experienced Traders: CloseOption offers binary options trading on 30+ fiat and digital currencies. They provide 15 contract timeframes from 30 seconds to 1 month, suiting both short-term and long-term traders. Experienced traders can also participate in weekly trading tournaments with cash prizes. Forex Traders: CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD. Crypto Traders: CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets’ high market volatility. Why Choose CloseOption?. User-Friendly Platform: CloseOption offers its own TradeRoom platform, which is compatible with most web browsers. There is also a mobile web variant, allowing users to trade from their smartphone. Low Minimum Deposit: The minimum deposit is only $5. , making it easy for anyone to start trading binary options. High Payouts: Up to 95% payouts are available. , which is a significant return on investment. Weekly Trading Tournaments: CloseOption offers weekly trading tournaments with cash prizes. , adding an element of competition and potential for additional earnings. Variety of Payment Methods: CloseOption offers a good selection of payment methods including PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, and Ethereum Payments. Please note that while CloseOption is registered with the National Bank of Georgia. , it is not regulated by a well-regarded trading authority. Therefore, potential users should carefully consider this aspect before signing up. In conclusion, CloseOption could be a good choice for both novice and experienced traders interested in forex and crypto trading. However, as with any investment, potential users should do their own research and consider their financial situation and risk tolerance before starting to trade binary options.

Who should NOT sign up with CloseOption?

CloseOption is a binary options trading platform that has been in operation since 2015. While some users have reported positive experiences. , there are several reasons why certain individuals might want to think twice before signing up with CloseOption. 1. Regulatory Concerns One of the most significant concerns about CloseOption is its regulatory status. The platform is unregulated. , which means it does not adhere to the stringent rules and regulations that govern many other investment platforms. This lack of regulation can pose significant risks to investors, particularly those based in countries like the United States where CloseOption has been illegally accepting traders. 2. Customer Service Issues Another concern is the quality of customer service. Some users have reported issues with document verification and deposit processes. For instance, one user reported that despite providing the necessary documents for verification, CloseOption claimed the quality wasn’t good enough. This user also experienced issues with depositing Bitcoin into their account. 3. Operational Transparency Operational transparency is another area where CloseOption has received criticism. There have been reports of discrepancies between the company’s stated location in Georgia and the London phone numbers provided. While CloseOption claims this is due to their global operational setup. , such inconsistencies can cause confusion and mistrust among users. 4. High-Risk Investment Finally, it’s important to note that binary options trading, like all forms of investment, carries risk. CloseOption itself acknowledges the high-risk nature of investments like cryptocurrencies. Therefore, individuals who are not prepared to lose their investment should exercise caution. In conclusion, while CloseOption may be a viable platform for some, individuals who value regulatory protection, high-quality customer service, operational transparency, and low-risk investment options might want to consider other platforms.

Does CloseOption offer Discounts, Coupons, or Promo Codes?

CloseOption, a popular platform in the forex trading industry, offers various promotions and bonuses to its users. Here are the details:. Types of Bonuses CloseOption offers three types of bonuses. Deposit Bonus: This is a percentage of the money invested. To release and withdraw it, you must have a certain transaction volume. This bonus can be received in the “Deposit” section by ticking the Bonus box. Welcome Bonus: This bonus is only for customers who have recently registered and approved their accounts. No Deposit Bonus: This type of bonus is currently not available. Active Bonuses Currently, CloseOption is offering a 44% deposit bonus on every deposit you make. This bonus can be accrued on both new and old accounts. Expired Bonuses CloseOption has offered various deposit bonuses in the past, including 30%, 33%, 35%, 50%, and 60% of the deposit amount. However, these bonuses have expired. Future Bonuses To stay updated with future bonuses, you can subscribe to CloseOption’s newsletter. Please note that all promotions and bonuses are subject to the terms and conditions of CloseOption. It’s always a good idea to read these before availing of any offers. In the context of forex trading, these bonuses can provide additional trading capital, allowing traders to open larger positions and potentially earn higher profits. However, it’s important to remember that forex trading involves significant risk, and bonuses should not be the sole factor in choosing a trading platform.

Which Account Types are offered by CloseOption?

CloseOption, a platform in the forex market, offers three distinct account types to its users. Demo Account The first type is the Demo account. This account is designed for practice and it’s accessible right after registration. The profits made in this account are virtual and cannot be withdrawn. Users can recharge their demo balance three times when the recharge sign appears next to their balance. However, if they wish to reload it more than the allowed three times, they need to send a request by submitting a ticket. Real Account The second type is the Real account. As the name suggests, users can start real trading and make profits with this account. However, they should understand and accept the market risks and pay attention to the payout percentage since it is not fixed. At some hours, due to market volatility or placing many orders in a short time, the payout may decrease or increase. The minimum deposit amount is $5, the minimum trade size is $1, and the maximum value is $1,000 per trade. Users can only have one account on CloseOption. Creating more than one account is against the terms, and the account will get banned. Users can upgrade their account to diamond or other VIP account levels by depositing more funds. Contest Account The third type is the Contest account. Binary Options contests are the most secure chances a trader can take to earn more profits. Every week, CloseOption runs a Binary Options contest. Users can enter these competitions using their contest account to test their trading skills. Besides proving their profit-taking strategies, they can win cash prizes. In the contest account type, CloseOption offers an initial virtual balance. Traders should employ this virtual money to trade in a competitive trading environment to win cash prizes without risking their capital. In conclusion, CloseOption provides a comprehensive suite of account types catering to different needs of forex traders, from beginners to experienced ones.

How to Open a CloseOption LIVE Account?

Opening a CloseOption LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Visit the CloseOption Website Start by visiting the official CloseOption website. This is the platform where you’ll be conducting your forex trading activities. Step 2: Register for an Account On the CloseOption website, you’ll find a registration form. Fill in the necessary details to sign up. By creating an account on CloseOption, you gain access to all three account types for free: Contest, Demo, and Real account. Step 3: Account Approval Once you’ve filled out the registration form, you will be given immediate access to your Demo account and there is no need for approval. Similarly, you can use your Real account to make money without conditions, but after a while, you need to get your account approved. However, until your account is approved, you won’t be able to participate in their weekly contests. Step 4: Start Trading After your account is set up and approved, you can start trading. CloseOption offers over 30 currency pairs on their platform. , providing a wide range of options for forex trading. Step 5: Seek Assistance if Needed If you need help at any point, CloseOption offers support round the clock, via telephone, email, and live chat. They also provide tutorials on how to use their TradeRoom, how to join contests, how to check your recent orders history, and more. Remember, forex trading involves risk, and it’s important to trade responsibly. Happy trading!.

How to Open a CloseOption DEMO account?

Opening a CloseOption DEMO account is a straightforward process that involves a few key steps. Here’s a detailed guide:. Step 1: Visit the Official Website The first step is to visit the official website of CloseOption. Step 2: Sign Up Once on the website, locate and click on the sign-up option. This will lead to a registration form. Step 3: Fill in the Registration Form The registration form requires some basic information. Fill in the requested data accurately. Step 4: Verify the Account After filling in the registration form, a verification link will be sent to the provided email address. Click on this link to verify the authenticity of the account. Step 5: Start Trading Once the account is verified, trading can commence. The DEMO account comes with virtual funds, allowing for risk-free practice. It’s important to note that a DEMO account is a simulation of live trading. The prices available are mostly the same as the real one. Therefore, one cannot claim that demo trading is easier than real trading. Traders should practice on their DEMO account until they come to the realization that their strategy is working. Remember, trading in financial markets carries a high level of risk and the Binary Options market is no exception. It’s recommended that traders apply their strategies on their demo account before trading in the real market. By working on a Binary Options Demo account, a trader can learn money management skills.

How Are You Protected as a Client at CloseOption?

CloseOption is a binary options broker that offers a variety of protections to its clients. Here are some key aspects:. Regulation: CloseOption is registered with the National Bank of Georgia. However, it’s important to note that this is not a well-regarded trading authority. Trading Platform: CloseOption provides a user-friendly platform compatible with most web browsers. This ensures a smooth trading experience for clients. Customer Support: CloseOption offers 24/7 customer support services. This means that clients can get assistance at any time, which is crucial in the fast-paced world of forex trading. Financial Instruments: CloseOption offers binary options trading on more than 25 forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. This gives clients a wide range of options to choose from. Payouts: Payouts typically range from 17% – 91% depending on the asset and account tier. This is a decent payout range in the industry. Deposit and Withdrawal: CloseOption accepts multiple payment methods including traditional bank cards, wire transfers, e-wallets, and popular cryptocurrencies like Bitcoin. This makes the process of depositing and withdrawing funds convenient for clients. Account Types: CloseOption offers different types of accounts to cater to the needs of different traders. The minimum trade size is just $1. , making it accessible for traders with different investment capacities. However, it’s important to note that despite these protections, trading with CloseOption does carry risks. The company is not regulated by a well-regarded trading authority. , and clients need to deposit $50,000+ to qualify for the best payouts. Therefore, potential clients should carefully consider these factors before deciding to trade with CloseOption.

Which Funding methods or Deposit Options are available at CloseOption?

CloseOption, a well-known platform in the forex trading industry, offers a variety of deposit options to cater to its diverse user base. These options are designed to provide convenience and flexibility to its users. PayPal: One of the most popular methods is PayPal, an American company that operates in both fields of e-commerce and electronic funds transfer. It’s an appropriate alternative to traditional funds transfer methods such as checks and money orders. Your PayPal account can be charged through a bank account, financial services, or a credit card. PayPal may receive a small amount of commission, depending on the amount of money transferred. Credit/Debit Cards: CloseOption also accepts payments through credit and debit cards. This method is widely used due to its convenience and instant transfer of funds. Cryptocurrencies: In keeping up with the digital age, CloseOption accepts deposits in the form of cryptocurrencies. This method is unrivaled for those seeking immediacy, with processing times ranging from mere seconds to an hour. Bank Transfers: For those who prefer traditional methods, bank transfers are also accepted. However, it’s important to note that deposits or withdrawals via bank transfer may incur a fee. The minimum deposit size at CloseOption starts from $5. This low entry barrier makes it accessible for beginners in the trading sphere. It’s also worth noting that it normally takes three (3) business days for the withdrawal requests to be processed. In conclusion, CloseOption provides a range of deposit options to cater to the diverse needs of its users. Whether you prefer traditional methods like bank transfers or modern ones like cryptocurrencies, CloseOption has got you covered.

What is the Minimum Deposit Amount at CloseOption?

CloseOption, a platform for forex and binary options trading, has a minimum deposit amount of $5. This low entry barrier allows traders of all experience levels and financial capacities to participate in the market. CloseOption offers a variety of account types, including Demo, Real, and Contest accounts. The Real account is where traders can start real trading and make profits. However, it’s important to understand and accept the market risks and pay attention to the payout percentage as it is not fixed. In addition to the minimum deposit, the platform also has a minimum trade size of $1, and the maximum value is $1,000 per trade. These parameters provide flexibility for traders to manage their risk and investment according to their trading strategies. It’s worth noting that traders can only have one account on CloseOption. Creating more than one account is against the platform’s terms, and such accounts will get banned. CloseOption also offers an upgrade to diamond or other VIP account levels by depositing more funds. These upgraded accounts may offer additional benefits and features to enhance the trading experience. For payment methods, CloseOption accepts credit/debit cards, cryptocurrencies, and bank transfers. This wide range of payment options provides convenience for traders from different regions with varying banking preferences. In conclusion, CloseOption’s low minimum deposit amount, coupled with a variety of account types and flexible trading parameters, makes it an accessible and versatile platform for forex and binary options trading. As always, traders should conduct thorough research and consider their financial situation before participating in trading activities.

Which Withdrawal methods are available at CloseOption?

CloseOption, a notable player in the forex market, offers a variety of withdrawal methods to cater to the diverse needs of its users. Here are the details:. 1. Traditional Banking Methods CloseOption allows withdrawals through traditional banking methods. Users can withdraw funds to their Visa or MasterCard accounts. These are widely accepted payment methods and provide a convenient way for users to access their funds. 2. Digital Wallets In addition to traditional banking methods, CloseOption also supports withdrawals to digital wallets. Users can withdraw funds to their PayPal accounts. , which offer a fast and secure way to transfer money online. 3. Digital Currencies Recognizing the growing popularity of digital currencies, CloseOption has integrated support for cryptocurrency withdrawals. Users can withdraw funds in Bitcoin. , a leading digital currency that offers the benefits of lower transaction fees compared to traditional online payment systems and is operated by a decentralized authority. 4. Other Online Payment Systems CloseOption also supports other online payment systems such as Web Money and Perfect Money. These platforms provide users with another convenient method to access their funds. To make a withdrawal request, users need to go to their dashboard and click on the “Withdrawal” item at the top of the page. They can then choose one of the available options, insert the amount they want, and click on the “Withdraw” button. The withdrawal process takes from 1 to 3 business days. Please note that CloseOption does not make payments to third-party accounts. This is an important security measure to ensure that funds are only transferred to the account of the user. In conclusion, CloseOption offers a wide range of withdrawal methods, catering to the diverse needs of its users in the forex market. Whether you prefer traditional banking methods, digital wallets, digital currencies, or other online payment systems, CloseOption has got you covered.

Which Fees are charged by CloseOption?

CloseOption, a prominent player in the binary options trading market, has a transparent fee structure that aligns with its commitment to providing a secure and trusted trading environment. Trading Fees: One of the key advantages of trading with CloseOption is the absence of commission fees on binary options trading. This means that traders can execute their trades without worrying about any additional costs cutting into their profits. Deposit and Withdrawal Fees: Another benefit for traders using CloseOption is the lack of deposit or withdrawal fees. This allows traders to manage their funds efficiently without incurring extra charges when they deposit funds into their trading account or when they need to withdraw their earnings. Inactivity Fees: While CloseOption does not charge any trading fees, it does levy a fee on dormant accounts. If an account remains inactive for more than three months, CloseOption charges a 0.5% fee based on the account balance. This fee is a common practice in the industry to encourage regular trading activity and to cover the costs associated with maintaining inactive accounts. Reactivation Fee: In addition to the inactivity fee, CloseOption also charges a $10 reactivation fee to reopen a profile that has been inactive for an extended period. This fee covers the administrative costs associated with reactivating dormant accounts. In conclusion, while CloseOption offers a fee-free trading experience in terms of commission, deposit, and withdrawal fees, traders should be aware of the potential inactivity and reactivation fees associated with prolonged account dormancy.

What can I trade with CloseOption?

CloseOption is a regulated binary options broker. where traders can trade a variety of assets. The primary focus of trading on CloseOption is on currency pairs and cryptocurrencies. Currency Pairs: Traders have access to 17 currency pairs. This is a smaller range compared to the common 30 pairs available with other brokers. However, it still provides ample opportunities for traders to speculate on the movements of various currency markets. Cryptocurrencies: In addition to fiat currencies, traders can also trade cryptocurrencies and crypto pairs. The available pairs include those involving Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This allows traders to take advantage of the volatility in the cryptocurrency markets. CloseOption is suitable for both beginners and experienced traders. The small size of the minimum deposit makes it accessible for beginners. On the other hand, experienced traders can benefit from increased payout rates on VIP accounts. It’s important to note that CloseOption is a binary options broker. This means that trading involves predicting whether the price of an asset will rise or fall within a given time frame. If the prediction is correct, the trader wins the trade. Otherwise, the invested money is lost. In conclusion, CloseOption offers a platform for trading currency pairs and cryptocurrencies in the form of binary options. Its features cater to a wide range of traders, from beginners to experienced ones.

Which Trading Platforms are offered by CloseOption?

CloseOption offers a unique and user-friendly platform for trading binary options. This platform, known as TradeRoom, is accessible via popular web browsers such as Chrome, Safari, and Mozilla Firefox. It also offers a mobile web variant, allowing users to trade from their smartphones. The CloseOption platform is designed with simplicity and accessibility in mind, making it a suitable choice for both novice and professional traders. It offers more than 30 currency pairs for trading Binary Options contracts. The platform also provides a free demo account for novice traders and weekly Binary Options contests for those interested in testing their trading knowledge and strategies. Security is a primary concern for CloseOption. The platform has been operational since 2015 and has continually updated its security measures. To prevent money laundering and ensure the safety of its users’ investments, CloseOption has implemented an identity verification policy. Traders can verify their identity by uploading an ID card or passport. Additionally, CloseOption has an address verification policy to further enhance its security. CloseOption stands out in the competitive binary options market by offering a solid and reliable platform. It has managed to survive and thrive in this market by continually improving its platform and catering to the needs of its users. In conclusion, CloseOption offers a secure, user-friendly, and accessible platform for trading binary options. With its focus on security, simplicity, and user satisfaction, CloseOption provides a unique and effective platform for both novice and professional traders.

Which Trading Instruments are offered by CloseOption?

CloseOption, a Georgia-headquartered broker with over a decade in the trading industry, offers a variety of trading instruments. These instruments are primarily focused on high/low binary options trading on forex and crypto markets. Binary Options Trading: CloseOption offers binary options trading on more than 30 fiat and digital currencies through an easy-to-use web-based platform. The contract timeframes available range from 30 seconds to 1 month, catering to both short-term and long-term traders. Forex Trading: CloseOption provides binaries on over 25 forex pairs, including major pairs like EUR/USD and a few minors like AUD/JPY. The payouts vary by currency, with decent typical payouts of 75% for GBP/USD. Crypto Trading: Traders on CloseOption can access high/low binary options on five major cryptos, all paired with USD. Due to the high market volatility of digital assets, payouts of 40% are available, which compares well with rivals. In addition to these offerings, CloseOption runs weekly trading contests with a $3K prize pot. The platform is user-friendly and compatible with most web browsers. Multiple global payment methods are available, including PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, and Ethereum Payments. It’s important to note that while CloseOption is registered with the National Bank of Georgia, it is not regulated by a well-regarded trading authority. Therefore, traders should exercise caution and conduct thorough research before engaging in trading activities.

Which Trading Servers are offered by CloseOption?

CloseOption is a powerful binary options broker that offers a variety of trading servers for its clients. Trading servers are the platforms that allow traders to access the market and execute their trades. Here are some of the features and benefits of the trading servers offered by CloseOption:. CloseOption TradeRoom: This is the main trading server of CloseOption, where traders can open their accounts, deposit and withdraw funds, manage their settings, and access all the trading tools and features. The TradeRoom is available on both PC and smartphone devices, and it has a user-friendly interface that makes trading easy and fast. The TradeRoom also supports various time frames, from 30 seconds to one month. CloseOption Mobile: This is a mobile version of the TradeRoom, which allows traders to trade on the go from their smartphones. The Mobile app has all the same features as the PC version, but it also has some additional advantages, such as push notifications, live chat support, and exclusive contests. CloseOption WebTrader: This is a web-based trading server that does not require any installation or download. Traders can access it from any browser on any device with an internet connection. The WebTrader has a simple and intuitive design that mimics the functionality of the TradeRoom. CloseOption API: This is an application programming interface (API) that allows traders to integrate CloseOption with their own software or systems. The API enables traders to automate their trading strategies, create custom indicators and signals, and access market data in real time. These are some of the trading servers offered by CloseOption that provide traders with a flexible, simple, and unique environment for options trading. CloseOption also offers other features and services, such as risk-free plans, weekly contests, affiliate program, customer support team, and more. If you are interested in joining CloseOption as an options trader or referring new traders to them, you can visit their website or contact them through their email or phone number.

Can I trade Crypto with CloseOption? Which crypto currencies are supported by CloseOption?

CloseOption is a regulated binary options broker where traders can trade fiat currencies and cryptocurrencies. It offers the opportunity to trade cryptocurrencies, and also allows deposits with the Binary Options Broker. The broker immediately converts your Bitcoin into US dollars. Crypto options trading is another strategy that allows traders to speculate on cryptocurrency prices without owning them physically. This form of trading can benefit those seeking to mitigate risk and minimize exposure to volatile markets. Furthermore, a lower margin amount is required when buying options compared to crypto futures. Crypto options trading involves using cryptocurrencies as the underlying assets. If traders believe that the price of the crypto asset will increase, they can purchase a call option. Conversely, they can buy a put option if the asset price declines. The cryptocurrencies available for trading on CloseOption include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. These cryptocurrencies have grown in popularity throughout the world and are regularly discussed in numerous forums. As cryptocurrencies grow in popularity, many traders wonder if there is a link between cryptocurrencies and Binary Options. In conclusion, CloseOption provides a platform for trading cryptocurrencies, offering a range of options for traders interested in speculating on the price movements of these digital assets. It supports several major cryptocurrencies, making it a viable choice for those looking to diversify their trading portfolio.

What is the Leverage on my CloseOption Trading Account?

Leverage in trading is a powerful financial tool that allows traders to increase their market exposure beyond the initial investment (deposit). This is achieved by using borrowed capital from the broker. For instance, if a broker provides a leverage of 1:20, it means that for every dollar in your trading account, you can trade $20 in the market. However, it’s important to note that while leverage can amplify profits, it can also magnify losses. Therefore, understanding how to use leverage effectively and manage risk is crucial for trading. As for CloseOption, it appears that clients cannot trade with leverage. This means that the trading capacity is limited to the actual funds deposited in the account. This could be a disadvantage for traders looking to maximize their market exposure. However, it could also be seen as a risk management measure, as it limits potential losses to the actual amount invested. In the context of forex trading, leverage is commonly used due to the significant size of the market and the typically small price movements. High leverage ratios such as 1:100 or 1:200 are not uncommon in forex. However, as mentioned earlier, CloseOption does not offer leverage trading. It’s also worth noting that the payments on accounts with small deposits at CloseOption are lower than those of competing brokers. This could impact the overall trading experience and potential returns, especially for traders with smaller account balances. In conclusion, while leverage can be a powerful tool in trading, it’s not available for clients trading with CloseOption. As always, it’s important for traders to understand the terms and conditions of their trading account, and to consider their risk tolerance and investment goals when deciding whether to use leverage.

What kind of Spreads are offered by CloseOption?

CloseOption is a binary options broker that offers a variety of trading opportunities. The company provides a user-friendly platform compatible with most web browsers and supports multiple global payment methods. Forex trading is one of the key offerings of CloseOption. They offer more than 30 Forex currency pairs. The spreads offered by CloseOption for Forex trading are as follows. Forex GBPUSD Spread: No fee – payouts approx. 80% (Copper). Forex EURUSD Spread: No fee – payouts approx. 80% (Copper). Forex EURGBP Spread: No fee – payouts approx. 80% (Copper). These spreads indicate that there are no fees for trading these currency pairs, and the payouts are approximately 80%. In addition to Forex trading, CloseOption also offers binary options on cryptocurrencies. The spread for cryptocurrency trading is as follows. Crypto Spread: No fee – payouts approx. 40% (Copper). This means that there are no fees for trading cryptocurrencies, and the payouts are approximately 40%. It’s important to note that while CloseOption offers a variety of trading options, it is not regulated by a well-regarded trading authority. Therefore, traders should exercise caution and ensure they understand the risks involved in binary options trading. Please note that the information provided here is based on the latest available data and may be subject to change. Always check the official CloseOption website for the most up-to-date information.

Does CloseOption allow Expert Advisors?

CloseOption is a regulated binary options broker that offers trading in pairs with fiat currencies and cryptocurrencies. However, based on the information available, it does not explicitly mention the use of Expert Advisors (EAs) in its trading platform. In the world of forex trading, Expert Advisors (EAs), also known as forex robots, are tools that automate trades based on certain trading criteria. They eliminate the need for traders to constantly monitor the market, as they can execute trades on behalf of the trader. This is particularly beneficial for traders who trade part-time or those who wish to optimize their trading strategies. While many brokers have integrated Expert Advisors into their trading platforms. , it’s important to note that not all brokers support this feature. When choosing a broker for EA trading, it’s crucial to consider factors such as the broker’s EA policy, the trading platform they offer (most EAs are programmed for MetaTrader), the broker’s execution speed, and how they handle slippage. In conclusion, while CloseOption offers a range of features and benefits for traders, including a proprietary web platform, a low minimum deposit, and increased payout rates on VIP accounts. , it does not explicitly state that it supports the use of Expert Advisors. Therefore, if you’re looking to use EAs in your trading strategy, it may be worth exploring other brokers that explicitly support this feature.