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Published on July 17th, 2018 | by John Kane

23

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].

CloseOption Review

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.

Breakdown

  • Broker Name: CloseOption
  • Platform: BO, Spread
  • Founded: 2017
  • Bonus: Up to 100%
  • Return/Refund: 50-95%
  • No. Of Assests: 11
  • Regulated: NBoA
  • Demo Account: Yes
  • Minimum Deposit:$5
  • US Traders: Allowed

CloseOption Contest

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.

Client Feedback

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.

Conclusion

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.

Broker Review: CloseOption John Kane

Summary: This broker is showing great promise so far, hopefully they continue to impress.

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About the Author

I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


23 Responses to Broker Review: CloseOption

  1. Emily says:

    This broker is absolutely wonderful. I have used them for about 5 months now and I have no complaints. They offer great bonuses and I love the fact that I can pay through paypal. They will sometimes add $5 to your account as gift which is awesome. I have always been able to withdraw smoothly and I haven’t had any problems. They also communicate extremely well and deposits go through really quickly. Definitely recommend!!!

  2. ace says:

    Binary options is a dying breed. Is there anyone else left besides Nadex we can go to here in the USA that is good for us

  3. Gus Schmidt says:

    I have received over $1000 in withdrawals from CloseOption in 24 to 48 hours with no problem. I have received withdrawals via paypal and bitcoin. Not sure why some people say they are being banned. Never had a problem with CloseOption and I highly recommend them if you trade binary options in the USA. I have a videos on youtube showing proof of my withdrawals.

  4. pro says:

    scam broker, if you making money on this site they reduce your payout % also price is not same and if you make money the system make you lose 100% . confirmed been trading on the site for 2 years made a lot of money and now they just banned my account, scam

  5. Nurana says:

    This platform is acting like a casino. If you are losing money it is OK, but if you are winning money and if you did a withdraw, they ban your account. It happened to me a week ago and that happened to my cousin too!. The reason they gave “Security reason”. The customer support in a chat told they will email me and will try to do something. Still nothing.
    Also, 1 month passed already and their payout mostly 50% each trade. I asked the reason that one too, no reason. It is what it is principal.
    Highly not recommended trader. They can still your money.

    • tony norris says:

      people always say something is a scam online or they say they don’t recommend it. YOU DO REALIZE everything has a scam to it in some type if way. whether it’s online or not. And the reason closeoption has mostly good reviews is because they’re doing great SO FAR. But here’s a tip for you: they wouldn’t have banned your account if you chatted with them in the live chat, or least tell them you’re about to withdraw. I GUARANTEE you they won’t ban my account. why? because I actually chat with them etc. Even if they did ban the account (hypothetically), I wouldn’t give a 10 f*cks, there’s another bo and forex brokers out there. .And it doesn’t matter if it was another bo broker, AT LEAST 1-10+ people are going to say something negative about the company, not one broker, whether it’s forex or bo will have perfect ratings. And the most unregulated brokers are better than the regulated brokers. But so far they been doing well. and they have paying people they’re withdraws.

      • Nurana says:

        What the f.. are you talking? I have to tell them in a chat before I’m doing a withdraw? who does that? Why don’t banned my account when I did several deposit, but they did it when I did withdraw? I chatted with them and asked the logical reason, but still no answer from them.
        You scam too!

  6. Alec Franciscotty says:

    My real account was banned after 2 weeks. I deposited $20 and was able to withdraw $500. I’m waiting to try to withdraw another $500 now while I wait for an email that will explain why my account was banned. I’m guessing I was banned because I was making a profit.

    • John says:

      Sorry to hear that Alec.

      • Alec Franciscotty says:

        Its all good. Wanted to post another update for others. They just let me withdraw the rest of my profits (about $1000). Their fb page has some old guy complaining about how his account was banned too. At first my ban was just real trading but now my whole account is banned. Emailed them but not too confident I’ll be getting my account back

    • Ace says:

      Ive been scammed by this broker by them not properly crediting my account by sending litecoin deposit. Out of 500.00 dollars so far and they no longer accept paypal them crooks

  7. Dangelo says:

    The fastest I’ve gotten paid from them was in 2 minutes via Paypal. They’re legit as far as I know. Been with them for 6 months.

  8. John Mischka says:

    I have been trading with Binary Option for over 3 months with a live account. A great experience. Good fills, reasonable return, lightning fast withdrawls. A great group of people. One of the very few which accept U.S. clients

  9. Kyle Bird says:

    Hello, I have an account with Close Option. I have withdrawn from them via PayPal and have received my money with in 24 hours to 48 hrs. Sometimes, i received it the same day. Really good broker so far. Close Option in combination with the Binary Strategy is a great pair!

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