CloseOption Review

CloseOption Logo Max Bonus: $10


Rating: 9.0/10
CloseOption Home Page Screenshot CloseOption Trading Platform Screenshot
Broker CloseOption
US Traders Accepted
Company Name CloseOption LLC
Headquarters Georgia
Regulation National Bank of Georgia (B 2-08/3647)
Bonus Type Welcome Bonus
Bonus Size $10
Max Payout 95%
Out-of-Money Reward 0%
Trading Platform Proprietary web-based platform
Deposit Options PayPal, Perfect Money, Cryptocurrencies (Bitcoin, Ethereum, USDT, Ripple, Dash, BCH).
Deposit Currencies US dollar
Minimum Deposit $5
Minimum Trade $1
Maximum Trade $1,000
Online Since 2015
Trading Instruments Currencies (Forex):
Number of Trading Instruments 21
Binary Option Types Call/Put, 60-second options, 30-second options, long-term options
Customer Support Types Phone, email, ticket (web form), live chat.
Education Offered Knowledge base and educational program covering basics of binary options trading, trading strategies, market analysis, risk management techniques, trading psychology insights, platform training, accessible educational resources
Tools Offered Chart drawing tools
Commission Cryptocurrency withdrawals involve paying a network fee. PayPal and Perfect Money withdrawals are free. Wire transfer fee is $100.
Languages English
Demo Account Yes, unrestricted

CloseOption is a binary trading broker registered in the Eastern European country of Georgia. They’ve been operating since 2015 and offer a rather wide range of common call and put binary options via their custom web trading platform.

In terms of regulation, CloseOption is licensed by the National Bank of Georgia, which permits them to conduct operations in option trading and Forex.

Opening an Account

Opening a trading account with CloseOption is rather straightforward. There is no mandatory verification to open the account, but the KYC verification will be required to be able to use your live trading account in full (including to be able to withdraw funds). Once the basic registration is submitted, you can start trading on a demo account in under a minute. The demo accounts seem to be unrestricted, so you’ll have plenty of time to practice your strategy with their platform before deciding to switch to a real account.

CloseOption lacks an hierarchy of account types present at some other binary options brokers. You can deposit just $5 and start trading immediately.

Once you are ready to deposit real funds, it can be done via one of multiple methods: PayPal, Perfect Money, and various cryptocurrencies.

Trading on CloseOption

This broker offers their own custom proprietary platform with simple web access. The platform loads very fast and offers a chart overview of the selected instrument. You can switch the chart type and apply simple chart tools, but there is no way to use technical indicators that require calculations or to apply algorithmic trading — in this sense, the platform is rather basic. Which means that you’ll probably want to do your analysis elsewhere and only execute your trades there.

The platform offers customizable quick-trade buttons to simplify the execution process. Yet they offer many different option expiration periods: from 30 seconds to 1 month. This makes the platform suitable for long-term trading, which is nowadays rare in the BO industry.

Unfortunately, the only offered option types are the classic Call and Put (Above or Below). There is also no option to close the trade before its expiration.

Customer Service and Education

The customer service is very responsive at CloseOption, which is a definite advantage in this industry. Being available 24/7 and via multiple channels, such as phone, email, support ticketing system, and live chat, it surely helps when your own money could be at stake.

Another point in CloseOption’s favor is their set of educational materials freely available to traders. They cover a wide range of subjects and allow newbie traders to learn the basics of binary options pretty quickly.

Contests and Bonuses

CloseOption holds regular contests among its traders to reward the best ones with cash prizes. Welcome gifts and occasional cash gifts, as well as deposit bonuses, are sometimes announced based on the current promotion campaign.


Overall, CloseOption is a solid choice for traders, especially those looking to start trading long-term binary options with a hassle-free registration process. They offer a top-notch user support, which, combined with their estimable age and solid regulation, is something to look for in a binary options broker.

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Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it. It is not recommended to base your investment decisions on any information presented on or originating from By browsing this website you express your acceptance of the terms of this disclaimer and that cannot be deemed responsible for any losses that may occur as a result of your binary option trading. is not licensed or registered as a financial consultant or adviser. is neither a broker, nor funds manager. The website does not provide any paid services. All content of is presented for educational or entertainment purposes only.

General Risk Warning: Trading in Binary Options carries a high level of risk and can result in the loss of your investment. As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to Binary Options or (b) any direct, indirect, special, consequential or incidental damages whatsoever. is compensated partially through the affiliate commission earned from some of the listed brokers.

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