Published on July 17th, 2018 | by John Kane28
Broker Review: CloseOption
Today I’m analyzing a new broker that’s promising the largest payouts among all binary options companies, with a $5 minimum deposit, CloseOption. With a dedicated focus on compatibility, the foundation of this company is built on providing easy access to traders that want to take advantage of the markets via all available technologies and platforms.
Owned and operated by Organic Tech LLC, this broker is located at Avsallar, Ahmet Erdogan Sk, P.K 07410 Alanya, Antalya, Turkey. The business was first registered on 08/08/2013 with license B13080768, and is regulated under the National Bank of Georgia under B 2-08/3647, dated 10/18/2017. To get in touch with support, traders can call +442032902097, or email [email protected].
One of the main selling points of the CloseOption brokerage is that they use the exact same trading environment for demo, real and contest accounts. This allows traders to get comfortable with the platform while using virtual funds, which is a great way to ensure that the community is more profitable in the short and long-term. More brokerages should be going this route, because traders that win bring more clients, and stabilize the industry.
The brokerage also provides traders with access to their platform for computers, cell phones, and claim “compatibility with all kind of mobile phones in the market.” It’s worth noting that the brokerage allows traders to customize their platform background, as well as move different elements around the chart, including the buy and sell buttons.
As for expiry times, the brokerage offers anywhere from 30 seconds, to 1 month long trades. This gives traders the ability to work with many different trading approaches and strategies, which is imperative, because you never want to be hamstrung by your platform. This type of compatibility is frequent in many of my most recent broker reviews of Nadex and BinaryCent.
It’s quite apparent that the CloseOption team put a lot of stock in their binary options contests. This portion of their website is advertised frequently, and used as one of the main methods of acquiring new clients. They believe that by giving traders the opportunity to take part in competitions to earn prizes, that they will foster a strong and skilled group of clients, that are well-equipped to trade using their platform.
Every single week $840 is spread among the top 20 traders, based on where they finish in the competition. “The first place gets $300, the second place $150, the third place $100, the fourth place $50, the 5th place $30, the 6th place $25, the 7th place $25, the 8th place $20, the 9th place $20, the 10th place $15.”
Considering this competition is 100% free, and only requires that you register, it’s a great way to get acquainted with the platform, and test your own trading skills to see if you should bother depositing or not. If you are doing well on the practice accounts, then there is no reason to move to a live account.
There isn’t a lot of client feedback available for the CloseOption brokerage just yet, but the comments I have read, are quite positive. Many of the comments claim that the brokerage is providing withdrawals quickly via PayPal, and also point out how helpful the contests are at increasing their account balances.
Here are a couple of the comments we’ve seen so far, and I hope that you will leave comments of your own here at Binary Today.
So far, I like what I see from the CloseOption brokerage. Their platform is impressive, they have inclusive contests, and the general community is impressed with their services. Obviously, they are the new kid on the block which makes them harder to trust, but they appear to be regulated and trustworthy. If you are interested in signing up, I recommend that you register with some of their free contests, to test their platform without any risk at all. If this works for you, and you feel comfortable with the brokerage, then continue to trade live.
Thank you for stopping by, and please leave comments and questions with anything you would like to add.
Summary: This broker is showing great promise so far, hopefully they continue to impress.
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