CloseOption Review

CloseOption is an international broker that offers Binary Options services worldwide. They provide traders with a real-time trading platform and more than 30 currency pairs to trade as binary options contracts. Payments are made via several payment methods, while there are multiple account options to suit the different trading objectives of clients.

CloseOption Review, Pros Cons
  • An intuitive trading platform
  • Educational resources
  • 24/5 customer support
  • Not regulated
  • Limited financial instruments
  • Limited standalone trading tools

In this detailed CloseOption review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

CloseOption Overview

CloseOption is a Georgian based online trading broker that offers access to trade binary options using an intuitive trading platform that is backed with some useful trading tools to help deliver a seamless trading process. Traders get access to educational resources and a responsive client support team.

CloseOption Regulation

CloseOption’s Forex and Options Trading activities are permitted by the license with number B 2-08/3647, issued by the National Bank of Georgia.

However, there is no regulatory information on the broker’s website presently. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.

CloseOption Countries

The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. Hence, they do not accept clients from Iran, North Korea, Iraq, and Syria.

Some CloseOption features and products mentioned within this CloseOption review may not be available to traders from certain countries because of legal restrictions.

CloseOption Platforms

The broker provides traders with the CloseOption trading platform, an intuitive trading platform that is packed with a range of useful trading features, such as the TradeRoom, charts, trade history, and more. The CloseOption trading platform is web-based and requires no downloads or installations. It can run directly on most modern web browsers, such as Google Chrome, Microsoft Edge, Firefox, and Safari.

CloseOption Review

CloseOption Trading Tools

There are no well-defined trading tools on the broker’s website. However, a good range of useful trading tools are built into the provided trading platform.

CloseOption Education

Traders are provided with a selection of educational materials that are in place to help traders in making informed trading decisions whilst keeping them informed on the latest news in the various markets. They include trading blogs, newsletters, trading tutorials, and more.

CloseOption Review

CloseOption Instruments

The broker offers forex, binary options, and cryptocurrencies for trading online.

CloseOption Accounts Fees

Traders are allowed to open a single live trading account. Demo accounts are also provided for practice purposes.

As broker fees can vary and change, there may be additional fees that are not listed in this CloseOption review. It is imperative to ensure that you check and understand all of the latest information before you open a CloseOption broker account for online trading.

CloseOption Support

The broker provides traders with a professional and dedicated client support team that can be contacted through telephone, email, Live Chat, online form, and social media.

CloseOption Deposit Withdrawal

Deposits and withdrawals at CloseOption are processed through several payment methods. These include:

  • Bank transfers
  • Credit/Debit cards: Visa, Mastercard.
  • E-Wallets.
CloseOption Review

CloseOption Account Opening

To open a trading account, click on the ‘Register’ button and fill out the account application form, providing all the required information.

CloseOption Review

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

CloseOption Summary

CloseOption is an online financial services provider that gives traders access to trade binary options online in a variety of financial markets via its proprietary trading platform. They provide traders with a good selection of educational resources, while a client support team is on hand to assist traders. However, the broker is not unregulated which may pose as a red flag for some potential traders.

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