CloseOption Broker Review 2025 – Trade Binary Options from Just $5
CloseOption is a binary options trading platform that offers straightforward access to forex and crypto markets with a remarkably low entry point — just $5 to get started. With support for various payment methods, including Bitcoin and bank cards, the platform aims to provide accessibility to global traders.
In this 2025 review, our expert team evaluates everything you need to know about CloseOption: payouts, demo features, regulation, platform limitations, and whether it’s a trusted choice for binary options trading.
📌 Quick Overview of CloseOption
| Feature | Details |
|---|---|
| Minimum Deposit | $5 |
| Minimum Trade Amount | $1 |
| Maximum Payout | Up to 95% |
| Welcome Bonus | $10 free gift for new users |
| Demo Account | Yes |
| Regulation | National Bank of Georgia (B2-08/3647) |
| Contract Durations | 30 seconds to 1 month |
| Tradable Assets | 25+ (Forex & Crypto) |
| Mobile Support | Browser-based platform (no native app) |
🏢 Company Background – Who Owns CloseOption?
CloseOption LLC is headquartered in the Republic of Georgia, where the company was founded in 2013. The broker claims to serve traders around the globe, although it restricts users from select Asian and African regions due to regulatory and legal limitations.
While the broker is registered with the National Bank of Georgia, it’s important to note that this regulator does not hold the same credibility as well-known entities like CySEC or ASIC. Therefore, traders should be cautious, especially when dealing with high balances or advanced account types.
On the plus side, signing up with CloseOption is fast and straightforward — no KYC (Know Your Customer) verification is required at registration. This makes the broker accessible for those who prefer privacy, but again may raise red flags for traders seeking a fully regulated and secure environment.
💲 Payment Methods – Traditional & Crypto-Friendly
CloseOption supports a wide range of payment options, including:
- 💳 Credit and Debit Cards
- 💸 Bank Transfers
- 🪙 Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
- 👜 E-wallets like Perfect Money
Deposits are usually processed within minutes, while withdrawal times can vary depending on the method and user status.
🌍 Trading Markets – Forex and Crypto Focus
Traders at CloseOption can access binary options on 25+ forex and crypto pairs, including:
- Forex: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, EUR/JPY
- Crypto: BTC/USD, ETH/USD, LTC/USD
Unfortunately, CloseOption does not offer binary trading on stocks, indices, or commodities, which limits its appeal compared to brokers like Pocket Option and IQ Option, which support hundreds of assets across broader markets.
📈 Payouts – What Can You Expect?
CloseOption advertises maximum payouts of up to 95%, though in real-world testing, most trades yield between 17% and 91%, depending on your account type and the asset being traded.
Here’s a breakdown of typical payout rates with a Copper-tier account (entry-level):
| Asset | Payout |
|---|---|
| EUR/USD | 76% |
| USD/JPY | 75% |
| GBP/USD | 75% |
| AUD/USD | 70% |
| USD/CHF | 70% |
| EUR/JPY | 65% |
⚠️ Crypto Trading Payouts
Cryptocurrency binaries offer significantly lower returns, often around 40%, making them less appealing for traders focused on digital assets.
🧾 Fees and Charges
CloseOption does not charge commissions on trades, which is a plus for frequent traders. However, the broker does apply:
- A 0.5% inactivity fee for accounts with no login activity for 90+ days
- A $10 account reactivation fee if the profile becomes dormant
While these charges are not exorbitant, they are worth considering for casual or part-time traders.
💻 CloseOption TradeRoom Platform – Simple Yet Limited
CloseOption delivers its trading services via a proprietary browser-based terminal known as the TradeRoom. This platform is accessible on all major web browsers, including Google Chrome, Safari, and Mozilla Firefox, and also supports mobile trading through a mobile-optimized website.
However, a key limitation is the absence of a native mobile app for Android or iOS. Users must rely on the web-based interface for trading on smartphones or tablets.
⚙️ Key Features of the TradeRoom Platform
The CloseOption platform is designed with simplicity and ease-of-use in mind, making it ideal for beginners. It includes:
- 🗺️ Multiple chart types
- 📊 Basic technical tools, such as Fibonacci lines
- ⏱️ Chart timeframes from 5 seconds to 1 minute
- 📚 Full order history view for past trades
- 🕒 Contract expiry selection: 30 seconds to 1 month
- 💵 Minimum trade size: $1
- 💰 Maximum trade size: $1,000
❗ Platform Limitations
While the platform is accessible and intuitive, it lacks the depth required for professional or technical traders. During our testing, the terminal felt slow to respond, and the charting tools were minimal, with no advanced analytics or custom indicators. For traders accustomed to MetaTrader 4 or TradingView, CloseOption may feel restrictive.
🧭 How to Place a Binary Options Trade on CloseOption
Trading on CloseOption is a streamlined process. Here’s how to open a position using the TradeRoom platform:
- Log into your account using your CloseOption credentials
- On the dashboard, select TradeRoom from the right-hand menu
- Choose “Real Trading” to access the live market interface
- Select your desired asset from the menu above the chart
- Pick an expiry time – options range from 30 seconds to 1 month
- Enter your investment amount (between $1 and $1,000)
- Review the payout rate displayed for your selected asset
- Click “Put” (Sell) or “Call” (Buy) depending on your market prediction
The platform will execute the trade immediately and display your open position in real-time.
🧾 CloseOption Account Types – Real Account vs Contest Account
CloseOption simplifies the account structure by offering just one standard live trading account, along with a special contest account for tournaments.
👤 Real Trading Account
The main trading account includes:
- ✅ $5 minimum deposit
- ✅ $1 minimum trade size
- ✅ $1,000 maximum trade size
- 🎁 $10 welcome bonus upon account activation
- ⚠️ One account per user – hedging is not allowed
🔓 Account Tiers & Payout Structure
CloseOption uses a tiered system to determine payout rates based on your deposit balance:
| Tier | Deposit Range | EUR/USD Payout | Other Payouts |
|---|---|---|---|
| Copper | Up to $1,000 | 76% | 17–75% |
| Diamond | $50,000 – $100,000 | 91% | Up to 79% |
The more you deposit, the higher the potential return per trade.
🏆 Contest Account – Weekly Trading Competitions
The contest account is a unique feature that allows traders to compete for real cash prizes using virtual funds. This is ideal for those looking to improve their trading skills or win rewards without risking real capital.
🕹 How Contests Work:
- 🔁 Contests run weekly with 20 winners per game
- 💰 Prizes range up to $850
- 🏁 Winners are determined by the highest balance at contest end
- 💳 Entry fees: Usually $5–$10, though free contests are also available
- 💼 Requires $500 real account deposit to unlock contest access
- 📦 Recharge packs available if your contest balance drops below $1,000
- 🚀 Accelerator coins can be used to double your balance
- 🎯 Prizes are credited to your account within 48 hours
These tournaments add an exciting gamified layer to the CloseOption trading experience and offer extra earning potential for active users.
🔐 How to Open a CloseOption Account – Step-by-Step
Getting started with CloseOption is a quick process. Here’s how to sign up:
- 📧 Register on the website with your email address and password
- 📨 Click the email verification link sent to your inbox
- 🏠 Complete your profile by entering residential address and income details (to verify financial suitability)
- 🆔 Upload proof of identity (passport, driver’s license, etc.)
- ⏳ Wait for account verification – may take up to 2 business days
- 🎁 Once approved, your account will be preloaded with a $10 welcome bonus
- 💳 You can now deposit funds via the dashboard and begin trading
⚠️ Note: Full verification is required to access all features, including withdrawals and contest participation.
🎮 CloseOption Demo Account – Practice With $100,000 Virtual Balance
CloseOption provides a fully-featured demo account equipped with $100,000 in virtual funds, allowing users to explore the trading platform and build confidence before committing real capital.
This paper trading mode replicates the real TradeRoom interface and market conditions, making it a valuable tool for:
- Beginners learning how binary options work
- Experienced traders testing new strategies
- Users getting familiar with order placement and timing
🔁 Recharge Options
- Users can recharge their demo balance up to three times when the balance falls and the recharge icon appears
- All profits made in demo mode are virtual and cannot be withdrawn
This is an effective training environment, although serious traders will need to upgrade to a live account to access all CloseOption features and contests.
💳 Deposits at CloseOption – Crypto-Friendly with Bonus Incentives
CloseOption supports a variety of deposit methods, including traditional banking, e-wallets, and a wide array of cryptocurrencies.
🪙 Cryptocurrency Deposits (Best Option)
- ✅ Fastest method: Processed within 10 seconds to 1 hour
- 💵 Min deposit: $5
- 💸 Max deposit: $1,000,000
- 🎁 Bonus: 2% deposit gift
- ❌ No fees
- 🔐 No identity verification required
Accepted cryptocurrencies include:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Tether (USDT)
- Dash (DASH)
- Tron (TRX)
- Ripple (XRP)
- Monero (XMR)
This makes crypto the most efficient and cost-effective method for funding your CloseOption account.
💳 Bank Cards & Wire Transfers
- 🏦 Methods supported: Visa, Mastercard, SWIFT
- ✅ Min deposit: $5
- ❌ Max deposit: $5,000
- ⚠️ Fee: 7%
- 🎁 No bonus
- 🧾 Verification required before deposit
Bank transfers and card payments come with relatively high fees compared to crypto and no additional deposit incentives.
💼 PayPal Deposits
- ✅ Min deposit: $5
- ❌ No deposit gift
- ✅ No fees
- 🧾 Verification required
- 💸 Moderate processing speed
PayPal offers a middle ground — no fees, decent speed, and wide global availability — but lacks deposit rewards.
📥 How to Deposit Funds on CloseOption – Step-by-Step Guide
- 🔐 Log in to your account and open the dashboard
- 💳 Click “Deposit” on the left-hand menu
- 📋 Choose your preferred payment method
- 💵 Enter your deposit amount and select whether to accept a bonus
- 🕒 Review estimated processing times and method-specific notes
- 📄 Confirm the details on the summary page
- 🪙 For crypto, you’ll be redirected to Coinpayments.net, where you’ll receive a wallet address
- 💸 Open your crypto wallet and send the exact amount, accounting for blockchain network fees
- ✅ Check your CloseOption dashboard to confirm the deposit was received
💸 Withdrawals at CloseOption – Mixed Experience
CloseOption processes withdrawals manually via a ticket system, which adds friction to the process compared to fully automated brokers.
🧾 Key Withdrawal Rules:
- 🧾 You must submit a support ticket to request a withdrawal
- 💳 Funds must be withdrawn to the original deposit method or via wire transfer
- 🔍 Skype video call verification is required before your first withdrawal
- ⚠️ Many users report delays or unresponsiveness in the Skype verification process
💰 Minimum Withdrawal Amounts (By Method)
| Method | Minimum Withdrawal | Fees |
|---|---|---|
| Crypto | $1 | None |
| E-wallets | $1 | None |
| Bank Wire | $500 | $50–$100 per transfer |
Wire transfers are the most expensive and require the highest withdrawal threshold, making them less suitable for small account holders.
⏳ Processing Times
- Most withdrawal requests are processed within 3 business days
- However, actual receipt time may vary depending on the method used
🛑 Important Withdrawal Considerations
- ✅ Verify your identity before requesting withdrawal — failure to complete Skype verification will block access to funds
- ❌ Manual processing means longer wait times than brokers with instant crypto withdrawals
- 💡 Using cryptocurrency for deposits and withdrawals ensures the fastest, lowest-cost experience
🎁 CloseOption Bonuses & Promotions – Contests and Deposit Offers
CloseOption rewards both new and active traders with a selection of bonuses and trading contests.
🏆 Weekly Trading Contests
Every week, CloseOption runs binary options tournaments, where 20 winners share prize pools of up to $850. These contests allow traders to compete using real or contest accounts and are judged based on account performance during the competition period.
- 🗓️ Contests run weekly
- 💰 Up to $850 in prizes
- 🧑💻 Based on account balance growth
- 🎟️ Entry fees apply for some contests, while others are free to join
This feature adds a gamified element to trading and is particularly attractive to competitive or social traders.
💵 Deposit Bonus – Up to 44% Extra
New users can also receive a deposit bonus up to 44%, alongside a $10 welcome gift when opening a real account.
⚠️ Important: This bonus is not applied automatically. You must tick the bonus agreement box during the deposit process.
📜 Bonus Terms & Conditions
As with most trading bonuses, this promotion comes with strict terms:
- To withdraw funds, traders must complete 20x turnover of the deposited amount
- Example: A $100 deposit requires $2,000 in trading volume
- The bonus is non-withdrawable until turnover conditions are met
- Bonus terms are enforced regardless of account tier
While generous, these conditions make the bonus more suitable for high-frequency or experienced traders who plan to be actively trading.
🛡️ Regulation & Platform Security – Is CloseOption Safe?
CloseOption holds a business registration with the National Bank of Georgia under license D86708031. While this may appear reassuring at first glance, it’s crucial to understand that this is not a tier-1 regulator, such as FCA, ASIC, or CySEC.
❗ Key Regulatory Considerations
- 📜 No regulation from internationally recognized financial bodies
- ❌ No participation in investor protection schemes
- ❌ No ability to reverse or cancel trades once submitted
- ❌ No multi-factor authentication or advanced login protection
While the broker has been operating since 2013, these weak oversight and security standards may raise red flags for risk-conscious investors.
✅ Pros of Trading with CloseOption
- 🧪 Free demo account with $100,000 virtual funds
- 💰 Low minimum deposit – only $5 to get started
- 💵 $1 minimum trade – good for micro-trading
- 🌐 Open to traders worldwide (except restricted countries)
- 🪙 Cryptocurrency support for deposits and withdrawals
- 🎮 Weekly tournaments with cash prizes up to $850
❌ Cons of Trading with CloseOption
- 🛡️ Unregulated by major financial authorities
- ⚖️ Limited asset selection (only forex and crypto)
- ❗ Frequent complaints about withdrawal issues
- 📞 Customer support is often unresponsive
- 📅 No weekend trading
- 👤 No copy trading or social trading features
- 📱 No native mobile app
These cons make CloseOption a less compelling option for advanced or institutional-level traders.
☎️ CloseOption Customer Support – Limited Real-Time Help
CloseOption advertises 24/7 customer support via:
- ☎️ Phone
- 💬 Live Chat
- 📞 Request-a-callback form
However, our team experienced significant delays during testing:
- We reached out via live chat during trading hours and received no response, despite being first in the queue
- The callback form allows you to leave your contact info, but this is not practical for urgent issues
- There is no dedicated support portal or response timeline commitment
This is concerning, especially in a fast-moving trading environment where real-time support is critical.
🤔 Should You Trade Binary Options with CloseOption?
CloseOption offers a low-barrier entry point, an easy-to-use platform, and fun extras like trading contests and bonuses. It’s well-suited to:
- New traders experimenting with binary options
- Users looking to trade small amounts via crypto
- Competitive traders interested in weekly tournaments
However, CloseOption falls short in several key areas:
- Lack of robust regulation and security measures
- Limited asset selection (no stocks or indices)
- Frequent user complaints around withdrawal processes and support
If you’re a beginner looking for a minimal deposit broker with a simple interface, CloseOption might serve as a useful learning platform. But if you’re seeking strong security, large asset variety, or fast withdrawals, better alternatives are available.
❓ CloseOption – Frequently Asked Questions (FAQ)
✅ What Is CloseOption?
CloseOption is an online binary options broker that allows users to trade over 25 forex and cryptocurrency pairs, including EUR/USD, GBP/EUR, BTC/USD, and ETH/USD. The broker supports crypto deposits and withdrawals, making it accessible to a wide global audience. It also hosts weekly trading contests, with cash prizes up to $850 for top-performing participants.
🛡️ Is CloseOption Legit?
CloseOption is registered with the National Bank of Georgia, but it is not regulated by any top-tier financial authority such as the FCA, CySEC, or ASIC. While this is not uncommon in the binary options space, several red flags should be noted:
- Spelling and grammar issues across the website suggest a lack of attention to detail
- The trading platform can be slow and unresponsive
- Live chat support is often unavailable, even during trading hours
These concerns suggest that CloseOption may be better suited for small-scale traders who are comfortable with a high-risk, low-regulation environment.
💸 Does CloseOption Offer High Payouts?
CloseOption advertises maximum payouts of up to 95%, but in practice, these rates are only available to users in higher-tier accounts. For example:
- Diamond-tier account holders (with $50,000+ balances) may receive up to 91–95% on major pairs
- Entry-level traders using Copper-tier accounts typically see payouts ranging from 65% to 76%
As a result, other brokers like IQ Option or Pocket Option may offer better payout structures with lower deposit requirements.
🤔 Is CloseOption a Good Broker for Binary Options?
CloseOption is a basic, entry-level binary options platform, best suited for beginners or users interested in low-stake, crypto-funded trading.
Pros:
- ✅ $5 minimum deposit
- ✅ $1 minimum trade size
- ✅ Crypto deposits and weekly tournaments
Cons:
- ❌ No stock, index, or commodity binaries
- ❌ Weak customer support and delayed withdrawals
- ❌ High withdrawal fees for bank transfers
- ❌ Only forex and crypto assets available
Overall, CloseOption may appeal to casual traders and those testing binary options, but it’s not ideal for serious or large-scale investors.
💻 What Trading Platform Does CloseOption Use?
CloseOption runs on its own proprietary platform called TradeRoom. This web-based terminal is accessible via all major browsers and includes:
- 📈 Multiple charting styles: candlestick, line, bar, and area
- 🕐 Chart timeframes from 5 seconds to 1 minute
- ⚙️ Basic analysis tools like Fibonacci lines
However, the platform lacks advanced technical indicators, drawing tools, or features found in platforms like MetaTrader 4 or TradingView.
📱 Does CloseOption Have a Mobile App?
No, CloseOption does not offer a native mobile application for iOS or Android. However, the web-based TradeRoom platform is fully compatible with:
- Safari
- Google Chrome
- Mozilla Firefox
- Opera
- Internet Explorer
This allows traders to access their accounts via smartphones and tablets, though performance is generally smoother on desktops.
CloseOption Final Summary Table
| Feature | Details |
| Bonus | $10 Welcome Gift |
| Instruments | Binary Options on Forex & Cryptos |
| Demo Account | Yes |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Payout | 95% |
| Expiry Times | 30 seconds – 1 month |
| Ladder Binary Options | No |
| Boundary Binary Options | No |
| Payment Methods | Bitcoin, Ethereum, Mastercard, PayPal, Perfect Money, WebMoney, Wire Transfer |
| Regulator | National Bank of Georgia |
| Mobile Apps | iOS & Android |
| Copy Trading | No |
| Social Trading | No |
| Margin Trading | No |
| MetaTrader 4 | No |
| MetaTrader 5 | No |
| cTrader | No |
| AlgoTrader | No |
| OmniTrader | No |
| TradingView | No |
| Autochartist | No |
| eSignal | No |
| Trading Central | No |
| STP Account | No |
| ECN Account | No |
| DMA Account | No |
| MAM Account | No |
| PAMM Account | No |
| LAMB Account | No |
| Demat Account | No |
| AI / Machine Learning | No |
| Robo Advisor | No |
| Negative Balance Protection | No |
| Market Maker | No |
| P2P Trading | No |
| Spot Trading | No |
| VPS Hosting | No |
| Tournaments | No |
| Demo Competitions | Yes |
| Ethical Investing | No |
| Islamic Account | No |
| Account Currencies | USD |
| CFD Trading | No |
| Forex Trading | Yes |
| Forex Assets | 20+ |
| Crypto Trading | Yes |
| Crypto Coins | BCH, BTC, ETH, LTC, XBT |
| Crypto Spread | No fee – payouts approx. 40% (Copper) |
