Expiry Times
30 seconds - 1 month
$10 Welcome Gift
Demo Account
Min. Trade
Min. Deposit

CloseOption is an online broker specializing in binary options based on forex and cryptocurrencies. Examples of popular underlying pairs here are EUR/USD, BTC/USD, GBP/EUR, and ETH/USD.

Making deposits and withdrawals using crypto is not only permitted but strongly encouraged. The smallest deposit using crypto is just the equivalent of $1 and you will receive a 2% bonus on your crypto deposits.

Minimum binary option stake is just $1, so you don´t need a big bankroll to get started.

Maximum payout on binary options is 95% but those levels are only available to traders with a large enough account balance. A $50,00+ account balance is required for the best payouts.

There is no mobile app available for the CloseOption trading platform.


With a CloseOption account, you will be using the proprietary CloseOption platform. This platform, which is named TradeRoom, is not available for download; it is designed to be used in the internet browser window. It works on a wide range of popular browsers, including Chrome, Mozilla Firefox and Safari.

The trading platform is sleek and easy to navigate and understand, which is a plus for beginners. Regrettably, it is also a bit slow compared to most of the competitors, and a bit too simplistic for more advanced traders.

Trades cannot be reversed or cancelled once placed.

For those interested in charting and technical analysis, the platform comes with various chart styles and a few analytical aids. The shortest charting time frame is 5 seconds and the longest 1 minute. It is an okay assortment of tools for beginners, but more advanced traders who are used to platforms such as the MT5 are likely to find it a bit lacking.

Can I trade on my phone?

Yes, you can access the CloseOption platform in the web browser on your smartphone or tablet.

Regrettably, there is no mobile app available for download, and using a trading platform developed for desktop computers on a small mobile touch-screen is not optimal.

Is Copy Trading available on the CloseOption platform?

No, you can´t use this platform for copy trading.

Can I use independent third-party platforms with my CloseOption account?

No, CloseOption is not compatible with any third-party platform such as MetaTrader 4 (MT4, Meta Trader 5 (MT5) or cTrader.

Binary options

Only put binary options and sell binary options are available. You can not find ladder options, boundary options, etc. here.

Binary options can be purchased at varying expiry times. The shortest time is 30 seconds and the longest time is 1 month.

The minium stake is $1.

Underlying assets

CloseOption specializes in offering binary options based on forex and cryptocurrencies, including a lot of cross-over pairs where one currency is fiat (e.g USD) and the other currency is crypto (e.g. BTC).

Exemples of available pairs for speculation:







You can not speculate on other asset types here, e.g. stocks, stock indices or commodities.


CloseOption does not charge commission fees on binary options trading.


The payout range for a standard client ranges from around 15% to slightly above 90% depending on the binary option and account level. Clients with an especially high account balance ($50,000+) can be offered higher payouts on certain options, up to 95%.

Typically, the payout for binary options that involve cryptocurrency are around 40%

If you are a trader with a Copper Account, you can expect to see payouts around 75% for binary options based on EUR/USD, USD/JPY and GBP/USD, and around 70% for AUD/USD and USD/CHF.


CloseOption does not offer Contracts for Difference (CFDs).

Account types

For real-money trading, there are several tiers available, ranging from the Copper Account to the Diamond Account.

A Copper Account only require a $5 deposit to get started, and you will get a $10 bonus when you start trading. Minimum trading size is $1and maximum trading size is $1,000.

The higher level accounts are given to traders who make bigger deposits, with the Diamond Account only being available to clients who deposit at least $50,000. A higher account level means better payouts and certain other perks.

Example: The payout on EUR/USD is typically 76% for traders with a Copper Account, but 91% for traders with a Diamond Account.

Speciality Accounts

CloseOption does not offer speciality accounts.

STP Account:


ECN Account:


DMA Account:


MAM Account:


PAMM Account:


LAMM Account:


Demat Account:


Ethical Investments Account:


Islam / Muslim / Sharia / Halal Account:


Open a free play-money Demo Account

You can test out CloseOption by opening a free Demo Account. It comes filled with $10,000 in play-money and you can have it refilled up to three times. Use the play-money to do play-money trades, learn how things work and see if you like the platform. That way, you can make a more informed decision. You can also use the Demo Account to test-run your trading strategies and fine-tune them if needed.

CloseOption play-money contests

CloseOption arranges contests where you can use play-money (virtual funds) to compete against other play-money traders.

The contests are run weekly, with up to 20 winners per game and prizes up to $850 in bonus money.

You are trading with play-money, but you must normally pay real-money entrance fees, typically in the $5-$10 range. Now and then, contests with no entrance fees are available.

A minimum deposit of $500 into your real-money account is necessary to be eligible for a contest profile.

Make sure you understand the terms and regulation of each contest you enter, as they can vary.

Deposits & Withdrawals

CloseOption accepts a range of transaction methods, including debit/credit cards, e-wallets, wire transfers, and cryptocurrencies.

Cryptocurrency deposits tend to be the quickest and you will also receive a 2% deposit gift. When you make a cryptocurrency deposit, you will be re-directed to to complete the deposit. There, you will get an address to send the deposit to.

Examples of accepted transaction methods


Bitcoin Cash







Major credit/debit cards, such as MasterCard

Wire transfer

Bank transfer


Perfect Money


With certain non-crypt methods, you must verify your identity before the deposit.

Does CloseOption charge deposit fees?

The deposit fee charged by CloseOption to process the deposit depends on the transaction method.

  • CloseOption does not charge you a fee to process cryptocurrency deposits. You will even get 2% deposit gift from CloseOption as a thank you for using crypto.
  • CloseOption does not charge any fee to process deposits from PayPal.
  • For credit/debit card, wire transfer and bank transfer deposits, there is a 7% or $50-$100 deposit fee, so these transaction methods are good to avoid unless you have strong reasons to use them.

Mininum deposits and withdrawals

The exact numbers will depend on the transaction method. The smallest possible deposit is just $1 if you are using cryptocurrency transfers or certain e-wallets. For other methods, the minimum deposit is higher – all the way from a $5 minimum deposit up to the wire transfers where the minimum deposit is $500.

Verify your identity before withdrawing

You must verify your identity before you can withdraw. This is typically done over Skype.

Inactivity fee

The inactivity fee is a 0.5% charge. An account is considered inactive after three months without any log in. Reactivating an inactive account costs $10.

Welcome bonus

There is a first deposit bonus of up to 44% and you can also accept a $10 bonus money welcome gift.

Make sure you understand the terms and conditions before you accept any welcome bonus or gift. There is for instance a trading requirement that will freeze your account from withdrawals until you have traded 20 times the deposited amount.

Customer support

Support is available through telephone, live chat and email. You can request a call-back by leaving your information in the live chat or sending an email.

CloseOption is claiming to offer support around the clock, but there are some issues with this claim. Sometimes, there is no response when people contact the live support (during trading hours). There have also been instances where people have received a notification of being first in the queue, but then never gotten connected to support staff. Reliable customer support is a point where CloseOption is not top-tier. If you run into any urgent issue that needs to be resolved quickly, you can not trust the CloseOption support to be sufficiently staffed and ready to help you in real-time. This is a minus for this broker.

Ownership and legal matters

CloseOption has been active since 2013 and is owned by a company based in the country Georgia. Georgia is a small country located in the Caucasus region, at the intersection of Eastern Europe and Western Asia. It is not considered a top-tier regulator when it comes to trader protection.

CloseOption is registered with the National Bank of Georgia.

Identification numbers B2-08/3647 and D86708031.

You will not have negative account balance protection when using leverage with CloseOption.

Questions & Answers

Can I turn on two-factor authentication for my account?

No, you can not turn on two-factor authentication for your CloseOption account.

Are turbo options available?

The shortest contract length for binary options with this broker is 30 seconds.

Can I speculate on stocks here?

No. CloseOption specializes in speculation on forex and cryptocurrencies. You can not speculate on stocks, stock indices, commodities, etcetera.

Does Close Option offer VPS hosting?

No, this broker does not offer Virtual Private Server (VPS) hosting.