spreads, leverage, minimum deposit, comment revealed from CloseOption

General Information and Regulation

CloseOptionis an international broker that offers binary options services all over the world. They provide traders with a real-time trading platform and over 30 forex pairs to execute as binary options contracts. Payments are made through various payment methods, while there are multiple account options to suit the different trading goals of traders. options and forex trading activities of CloseOption are permitted by license number b 2-08 / 3647, issued by the national bank of georgia.

The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. Therefore, they do not accept customers from Iran, North Korea, Iraq and Syria.

Market Instrument

The broker offers forex, binary options and cryptocurrencies to trade online. There are no well-defined trading tools on the broker's website. However, a good variety of useful trading tools are built into the provided trading platform.

Minimum Deposits

CloseOptionrequires a minimum deposit of $5 and $1 to trade. this broker offers different deposit options for its clients, including:

• Cryptocurrencies (Bitcoin, Tether, LiteCoin, Cardano, Ripple and etc).

• Paypal

• MasterCard and Visa card

• Wire transfer

Leverage

in CloseOption The level varies depending on the leverage you set in your account. Let's say you have leverage of 500I could buy 0.01 lots from XRPUSD to 1,12618 and the operation would cost $2,25. However, if you do the same with a leverage of 100, it would cost $11.26.

Please note that you will be limited in what instruments you can trade as contract sizes and lower leverages vary. Commodities and indices have lower leverage, so you would need more funds to open a position.

Spread and Commissions

In general, the variable spreads offered by this broker are average, as typical spreads are in the range of 1.0 – 1.5 pips on EUR/USD. The cost or income is calculated as the overnight interest rate spread between the two currencies plus the commission charged by the company in which the position is held, depending on the type of position (long/short).

Available Trading Accounts

CloseOptionoffers investors three different types of accounts, mainly real accounts, contest accounts, and demo accounts.

Live accounts have a minimum deposit of $5, a minimum trade size of $1, and a maximum trade size of $1000 per trade.

Contest accounts, just like real accounts, allow traders to experience a real trading environment, prepare them for real trading and have a chance to win cash prizes.

Demo accounts are available for new traders to plug into trading strategies.

Trading Platform

the broker provides traders with the trading platform CloseOption , an intuitive trading platform that is packed with a variety of useful trading features such as traderoom, charts, trade history and more. the trading platform CloseOption It is web-based and requires no downloads or installations. It can run directly in most modern web browsers such as Google Chrome, Microsoft Edge, Firefox, and Safari.

Account Opening

To open a trading account, click the 'register' button and fill out the account request form, providing all the required information. CloseOption .com.

Deposit and Withdrawal

deposits and withdrawals in CloseOption are processed through various payment methods. These include:

• Bank transfers

• Credit / debit cards: Visa, Mastercard.

• Electronic wallets.

Broker News

Max trade is $99

You can open up to 25 trades simultaneously

· If the operation ends at par, the amount is returned

· From the click, it can only take less than a second before the exchange is effective

· Participation in tournaments is free, but you need to verify your account

· Both the demo and the real one do not need to verify documents, but it is necessary before the first withdrawal.

Advantages and disadvantages

Advantages:

- Modern platform

- Deposit and withdrawal also with PayPal

- Weekly tournaments with free participation.

- Bonuses and coupons

Disadvantages:

- Unregulated company

- Bad reputation

- Problems with withdrawal

Is the Trading Platform Safe？

It is considered a Broker that does not comply with strict regulatory rules, which is why it is considered suspicious. The Wikifx team made a detailed description of the rating after conducting a thorough evaluation of the five control and regulation indices, considering the license index does not have an authorized regulation. It also carried out a business life cycle verification through a systematic evaluation of the comprehensive level of the Broker's business. A real-time monitoring was generated for more than 40 factors by the control team, which determined that there is no regulatory information, take the risk into account.

Customer Support

• Telephone number: +442032902097 | +17068474747

• email: info@ CloseOption .com

• Web page: CloseOption .with