This translates to the fact that CloseOption does not have any mobile applications, yet. The Close Option trading platform, known as the Trade Room, is noted for its simplicity as it can be adapted to even simple browsers. To start trading, you need to sign up on the platform. It must be noted that not all countries are supported by Close Option. If you choose to fill the Registration form, you are expected to verify your email, after which your account gets created.

It should be noted that with CloseOption, only need one registration process to access all its services. The single registration gives you access to all 3 types of accounts — Demo, Contest, and Real.

When speaking of available markets, we can say that Close Option does not measure up to what is achievable in the industry.

With Close Option, you really can only trade currency pairs in fact, you have access to only 17 pairs as against the common 30 pairs you get with other brokers. Then, you can trade cryptocurrencies and crypto pairs, but still, the only pairs available are those including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

This translates to the fact that you cannot get to trade assets like stocks of popular global companies, commodities such as Gold and crude oil, as well as equity indices. A good feature of a quality binary options broker is making demo accounts available to both prospective and current traders. A demo account is simply an account provided by the broker to you for free; the demo account typically contains virtual money, which you can use to make trades in the markets without any risks to you.

Demo accounts are useful for a number of things, some of which are:. A demo account gives newbie traders the opportunity to practise their trading skills before they commit their hard-earned real money to trade. Trading a demo account as a beginner trader gives you the ability to test and trade real market conditions with fake money without incurring any risks, so as to know how trading works before actual capital is put on the line.

In the case of experienced traders, they may make use of demo trading accounts to test new trading strategies to ascertain if they are effective and profitable, with fake money before applying such strategy to a live account, where there are chances of losing real money. Close Option gives traders access to a demo account, although the amount that the account comes with is not clear. When you sign up, Close Option automatically offers you 3 types of accounts, which are outlined below:.

True to the tradition that is prevalent amongst binary options brokers, Close Option has different types of live accounts, and the account type you choose will determine your expected minimum deposit. Each account level comes with its own perks, but as expected, the perks increase the higher the level is. They are summarised below:. The benefits of this account include access to a dedicated personal manager.

The binary options brokerage space is full of a lot of participants, leaving the prospective trader in search of a broker of choice with a lot of options. Contributing to this dilemma is the fact that not all of these brokers operate the same brokerage model; from brokerless trading platforms to crypto-based binary options brokers, there appears to be a never-ending variety. Unfortunately, not all of them can be regarded as credible.

One way to sieve through the numbers is by going for brokers who are registered with regulatory bodies. Your broker being regulated by a financial services body comes with a number of benefits to you as a trader in many ways. If a broker is regulated by a government authority, the chances of such a broker engaging in fraudulent activity are greatly reduced.

This is because most regulators come up with rules that potential loopholes through which manipulations or fraud may be committed. Most regulators also perform oversight functions on the activities of brokers to check if breaches have been committed, with appropriate sanctions to that effect.

One more benefit that comes with trading with a regulated broker is the fact that the safety of your capital is almost guaranteed.

Unfortunately, Close Option does not appear to be regulated by any regulatory body ; however, it claims to be registered with the National Bank of Georgia. There are a lot of scams in the binary options trading industry. It is, however, sad and disturbing to note that most of these scams emanate from the binary brokerage space, and as a trader, you have to take extra precaution so as to fall prey. In fact, it is not an exaggeration if we say that in the binary options brokerage industry and indeed the binary options trading industry as a whole, there are more scammers than there are real people.

As such, it is unsurprising that governments countries like Russia, Japan, Belgium, Turkey, Canada, Israel, amongst others, have banned binary and digital options trading. The binary options trading industry seems somewhat loose, as there does not seem to be any particular universally accepted model or convention to doing things.

As a result, different brokers come up with different models, as they deem fit. Some of these models or frameworks are not always in favour of traders. Binary options trading scams range from binary brokers who defraud clients, to fake binary trading software being sold to unsuspecting traders; however, the broker scams tend to be the most common. Although this is not a blanket rule, one feature common to broker-scams is the way they over-market to traders.

Even after depositing in your account, they still stalk you urging you to quickly start trading or deposit more. Most scammer-brokers do have difficult-to-read terms and conditions. Alternatively, their terms and conditions will contain a lot of red flags. Close Option does not possess any of these above features, and we can say that it does not appear to be a scam.

However, that does not mean that prospective traders should not conduct proper due diligence. For one, the fact that it is not registered with any reputable regulatory organization is a crucial red flag that cannot be ignored. Disclaimer: This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed.

The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.

com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. com is not licensed nor authorised to provide advice on investing and related matters.

The potential client should not engage in any investment directly or indirectly in financial instruments unless s he knows and fully understands the risks involved for each of the financial instruments promoted in the website. Potential clients without sufficient knowledge should seek individual advice from an authorized source.

Intuitive Dashboard: Ease of use is a must-have for any good broker. When compared to rivals, CloseOption comes out among the top brokers in terms of user-friendliness. The first thing you need to have in mind is whether or not the broker is regulated and licensed by a reputable authority. This is important because it will ensure that your broker is held to high standards of conduct. Another thing to consider is the minimum deposit. A good broker will have a low minimum deposit so that you can start trading with a small amount of money.

This makes it a good choice for traders who are just starting. You should also consider the maximum payout when choosing a broker. This is the amount of money you can potentially make on a successful trade. So far, the company has over 1. Next, look at the fees. Most brokers will charge a commission on each trade, as well as a withdrawal fee.

You should also take into account the spreads offered by the broker. The smaller the spread, the better. Yes, CloseOption is considered to be a reliable broker.

The company is licensed and regulated by one of the most respected regulatory authorities in the world. This is lower than the industry average, making it a good choice for traders who are just starting out. Most brokers will charge a commission on each trade, as well as a fee for withdrawal. All in all, CloseOption is a good choice for those looking for a reliable binary options broker. The company offers a low minimum deposit, high maximum payout, and a user-friendly platform.

Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here. Trustpilot Real Time Reviews. Very nice! I have a lot of experience with the platform usage daily. They are very good broker for options trades. Reputable platform View all. I have been using closeoption for about 5 years.

I believe he is a unique, honest and very professional broker. Possibility of real trading, demos and weekly contests that offer excellent and multiple earning opportunities. Cash gifts that can be withdrawn or used for trading. Withdrawals are safe and fast in several ways. Support is always available and ready to help.

I am learning to trade and intend to continue using this platform with great enthusiasm. Closeoption is the best binary options trading platform ,especially for USA traders. The withdrawals only take a couple hours. I tend to withdraw at bedtime and wake up to money in my paypal in the morning. Free weekly contests, a demo account and the customer support team is very efficient and reliable. My only peeve is the limited number of trading tools.

Other than that. Closeoption is the one for me. Demitrious Market Conley. I really enjoy using close option because they have a simple easy to use platform. I also like it because of the great helpful staff also you get lots of bonuses and contests you can participate in also tournaments. They pay very fast and you can even use PayPal also cryptocurrencies I love the experience.

Restrict and solid in KYC , I got Contest Money , they paid some amount as Gift periodically. Load more. Jinia Shawdagor Building Small Profits, Fast: How to Use a Scalping Strategy for Options Trading MBA Forex Blamed CBN Because Of Inability To Return Funds EasyOption Review Is It Worth It?

Moon Bitcoin Review True Or Fake How to make money on binary options without any investment? What to Do if a Broker Refuses to Pay — 3 Effective Methods. Account Types CloseOption offers two account types: a demo account and a real account. Security Features CloseOption takes security seriously and offers several features to protect your account.

Trading Platforms CloseOption offers two trading platforms: a web-based platform and a mobile app. Forex and Crypto Trading In addition to binary options trading, CloseOption also offers forex and cryptocurrency trading.

AML Compliance CloseOption is compliant with Anti-Money Laundering AML regulations and Know Your Customer KYC guidelines. Customer Service CloseOption offers customer service via email, telephone, and live chat. What is forex trading? What Is A Forex Cent Account?

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And funny enough, clients from Georgia are not accepted on the platform. It must be also noted that they do not specify the name of the company in a clear manner. CloseOption is a Binary Options broker that offers trading on currency pairs and cryptocurrencies. Apparently the name of the owning company is simply CloseOption, which is located in Georgia in the past the broker listed the company Organic Tech LLC as the owner. The education section is limited to a few tutorials but I would rather call them just pictures with a few words next to them; not very helpful or educational.

Apart from Demo and Real they also offer a Contest account yes, this is considered a separate account type. Contests run usually once a week, with different pool sizes and no fee required to join; however, you will have to have a verified account. Their website and platform have limited functionality and overall this is a broker that belongs in the lower tiers. CloseOption lists a legal office address at Vake-saburtalo district, Al Kazvegi ave. N41 Apt. N19, Tbilisi, Georgia.

So far there are no warnings regarding this brokerage coming from financial authorities but I am sure they will soon appear if CloseOption continues to advertise binaries to US citizens. Withdrawal processing takes up to 3 working days. The available options are, Paypal, Web Money, Perfect Money, credit cards, Bitcoin, and a few other leading cryptocurrencies. In the past CloseOption also offered wire deposits and withdrawals but now all traces of that method have disappeared from their website.

They have a weekly trading contest, which is free to enter. You will trade virtual money but if you win you will get real money in your trading account. To participate you will have to verify your account. The trading platform is very basic and that makes it very easy to use. The only available language is English and the website is a bit hard to navigate. Demo accounts are available and US clients are accepted. The only asset classes they offer are fiat currency and cryptocurrencies and the only trading style is binary options.

They have a total of 17 currency pairs, which is extremely low for a brokerage. As for their crypto offering, this includes Bitcoin, Ethereum, Litecoin, and Bitcoin Cash against USD and EUR as well as some crosses between them i. you can trade ETH versus Bitcoin, etc. Expiries range from 30 seconds to one month and chart time frames are limited to a maximum of 1 minute.

There are no fees or commissions to register or to participate in the Trading Contest. Deposits made through bank cards are charged a fee up to 8. Live Chat support was fairly fast and responsive.

The minimum deposit is just 5 USD, and the methods are e-wallets, credit cards, Bitcoin and other cryptocurrencies. Withdrawals take up to 3 business days for e-wallets and credit cards. At the time of writing CloseOption did not offer any type of bonuses.

Very low minimum deposit, free to enter Trading Contest with real money prizes, and cryptocurrency deposits.

Popular Reviews 24Option IQ Option Nadex HighLow Ayrex eToro BDSwiss Binary. com IG OptionRobot Bitcoin Code Tesler App Binary Robot Crypto Robot GreenFields Capital The Bitcoin Trader BinBot Pro The Crypto Genius. Not Bad 6. CloseOption Regulated: No. Of Assets: Low Regulated: No Demo Account: Yes Minimum Deposit: 5 US Traders: Accepted. Should I Open An Account With Close Option? It is highly recommended to Start trading a regulated broker.

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The company offers a low minimum deposit, high maximum payout, and a user-friendly platform. Home » Close Option. Time Frame 5, 10, 30 second candles 7. IQCent Binary Options Broker. BetOnline Binary Options Broker for USA Trading Customers.

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