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CloseOption foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.closeoption.com/register, about the company's legal and temporary regulatory information, the company's address Vake-saburtalo district, Al Kazvegi ave. N41 Apt.N19, Tbilisi, Georgia.

CloseOption Forex Broker

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CloseOption

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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
How to login to CloseOption?

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Basic Information

Registered Region
Georgia
Operating Period
--
Company Name
CloseOption
Abbreviation
CloseOption
Company employee
--
Customer Service Email Address
info@CloseOption.com
Contact Number
+447427105008
Company Address
Vake-saburtalo district, Al Kazvegi ave. N41 Apt.N19, Tbilisi, Georgia
How to login to CloseOption?
CloseOption Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a CloseOption Account Registering for a CloseOption account is a straightforward process that allows users to access the platform's various trading features. Follow these detailed steps to successfully complete your CloseOption registration: Accessing the Registration Page: Visit the official CloseOption website at CloseOption.com. Click on the "Register" or "Sign Up" button prominently displayed on the homepage. Filling in Required Information: Complete the registration form by entering your valid email address, creating a strong password, and selecting your country of residence. Ensure that the information provided is accurate to avoid complications later on. Email/Phone Verification: After submitting the registration form, check your email inbox for an activation email from CloseOption. Click on the activation link provided in the email to verify your email address. If you do not see the email, check your spam or junk folder. Identity Verification (if required): Depending on your region, you may be required to verify your identity for compliance with anti-money laundering (AML) regulations. This involves uploading documents such as a government-issued ID and proof of address. Follow the prompts in your account settings to complete this verification. Registration Confirmation: Once your email is verified and any identity checks are completed, you will receive a confirmation that your CloseOption account has been successfully created. You can now log in to your account and access the trading platform. Common Registration Issues and Solutions Activation Email Not Received: If you do not receive the activation email, ensure that you have entered the correct email address. Resend the verification email if necessary. Identity Verification Delays: If your identity verification takes longer than expected, reach out to CloseOption's customer support for assistance. Regional Restrictions: Some regions may have additional registration requirements or may not be eligible to register. Always check CloseOption's terms for your specific country. Regional Differences in Registration CloseOption accepts users from various countries, including the United States, Canada, and several European nations. However, residents from certain countries, such as Iran and North Korea, are restricted from opening accounts. Always verify your eligibility before starting the registration process. Part Two: CloseOption Account Opening Detailed Guide Differences Between Registration and Account Opening While registration is the initial step to create an account, the CloseOption account opening process involves selecting the type of account you wish to use for trading. This may include demo, contest, or real trading accounts. Preparation Work Before Account Opening Before you proceed to open your CloseOption account, ensure that you have the following: A valid email address and phone number. Identification documents ready for verification. A secure internet connection to avoid interruptions during the process. Detailed Account Opening Steps Selecting Account Type: After logging into your CloseOption account, navigate to the account selection section. Here, you can choose between a demo account, contest account, or a real trading account. Each account type has different features and benefits, tailored to various trading experiences. Submitting Required Documents: If you opt for a real trading account, you will need to submit identity verification documents. This typically includes a government-issued ID and proof of address. Go to the "Account Approval" section in your account settings to upload these documents. Account Review Process: Once documents are submitted, they will be reviewed by CloseOption's compliance team. This process may take up to two working days. You will receive a notification regarding the status of your account approval. Account Activation: Upon successful verification, your account will be activated, allowing you to deposit funds and start trading. If your account is not approved, you will be informed about the reasons and how to rectify them. Initial Setup: After your account is activated, log in to your CloseOption account and set up your trading preferences. Familiarize yourself with the trading platform, including how to navigate the trade room and use analytical tools. Frequently Asked Questions about Account Opening What types of accounts does CloseOption offer? CloseOption provides demo, contest, and real trading accounts. Each has unique features suited for different trading needs. How long does the account opening process take? The account opening process can take a few minutes for registration, but account verification may take up to two business days. What if my account is not approved? If your account is not approved, review the email sent by CloseOption for specific reasons and follow the instructions provided to resolve any issues. Next Steps After Opening an Account Once your account is open and verified, you can deposit funds, explore trading strategies, and start trading on the CloseOption platform. Consider starting with a demo account if you're new to trading to practice without financial risk. Part Three: CloseOption Login Process Explained Basic Web Login Process Logging into your CloseOption account is a simple process. Follow these steps to access your account: Visit the CloseOption Website: Navigate to CloseOption.com. Click on the Login Button: Find and click the "Login" button, typically located at the top right corner of the homepage. Enter Your Credentials: Input your registered email address and password in the respective fields. Complete Any Captcha (if prompted): If prompted, complete the captcha verification to confirm you are not a robot. Click Login: After entering your credentials, click the "Login" button to access your account. Mobile App Login Process Currently, CloseOption does not have a dedicated mobile application. However, users can access the platform via mobile browsers by following the same login steps as outlined above. Other Login Methods CloseOption does not support third-party login options or Single Sign-On (SSO) methods. Users must log in using their registered email and password. Common Login Issues and Solutions Forgotten Password: If you forget your password, click on the "Forgot Password?" link on the login page. Follow the prompts to reset your password via email. Account Lockout: If your account gets locked due to multiple failed login attempts, wait for a specified time before trying again. If issues persist, contact customer support. Technical Issues: If the website is unresponsive, try clearing your browser cache or using a different browser. Ensure your internet connection is stable. Special Instructions for First-Time Login When logging in for the first time, ensure you have completed the email verification process. If you encounter any issues, check your spam folder for the activation email. Overview of Features After Login Once logged in, you will have access to the CloseOption trading platform, where you can: Manage your account settings. Access the trade room to start trading. View market analysis and trading tools. Participate in trading contests and promotions. Additional Sections Account Security Recommendations To enhance your account security, consider the following recommendations: Use a strong, unique password that combines letters, numbers, and symbols. Regularly update your password and avoid sharing it with anyone. Enable any available security features offered by CloseOption, such as email notifications for account activity. Best Practices for Account Management Regularly review your account settings and update your personal information as necessary. Keep track of your trading performance and adjust your strategies accordingly. Stay informed about market trends and updates from CloseOption. How to Get Technical Support If you encounter issues or have questions, you can reach CloseOption's customer support through the following methods: Email: Send inquiries to info@closeoption.com. Phone: Call +44 (20) 32902097 or +1 (706) 8474747. Live Chat: Use the live chat feature on the website for immediate assistance. This comprehensive guide provides essential information about the CloseOption registration, account opening, and login processes. By following the outlined steps and recommendations, users can ensure a smooth experience on the platform. Always stay updated with any changes to the processes or features offered by CloseOption.

CloseOption Broker - Complete Information Guide

1. Broker Overview

CloseOption is a binary options broker that was established in 2013 and is headquartered in Tbilisi, Georgia. The broker operates under the ownership of Organic Tech LLC, a private entity. CloseOption primarily serves retail clients interested in trading binary options on various forex and cryptocurrency pairs. The platform has seen significant growth, claiming to have attracted over 2.5 million traders globally, thanks in part to its low entry barriers, such as a minimum deposit of just $5.

Since its inception, CloseOption has focused on providing a user-friendly trading environment. The broker has developed its proprietary trading platform, known as the Trade Room, which is designed to cater to both novice and experienced traders. The company has reached several milestones, including the introduction of weekly trading contests and a demo account feature, which allows traders to practice without financial risk.

CloseOption operates on a business model centered around retail forex trading and binary options. It offers a limited range of assets, primarily focusing on over 25 forex pairs and a handful of cryptocurrencies, which can limit diversification for traders seeking exposure to other markets.

2. Regulation and Compliance Information

CloseOption claims to be registered with the National Bank of Georgia, holding the license number B 2 - 08 / 3647. However, it is important to note that this regulatory body does not have the same level of authority or reputation as major financial regulators such as the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

The regulatory framework in Georgia allows CloseOption to operate, but it lacks robust oversight, which raises concerns about investor protection. For instance, traders do not have access to an investor compensation scheme in the event of insolvency, and there is no ombudsman to handle complaints.

CloseOption adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring users to verify their identity before making withdrawals. This process typically involves submitting proof of identity and address documentation.

3. Trading Products and Services

CloseOption offers binary options trading on more than 25 forex pairs, including popular options like EUR/USD, GBP/USD, and USD/JPY. Additionally, the broker provides options for a few major cryptocurrencies such as BTC/USD, ETH/USD, and LTC/USD. However, it is noteworthy that CloseOption does not offer binary trading on stocks, indices, or commodities, which limits its appeal compared to other brokers that provide a broader range of assets.

The platform features a variety of contract durations, ranging from 30 seconds to 1 month, catering to both short-term and long-term traders. While the broker has introduced some unique features, such as weekly contests with cash prizes, the overall product offering remains relatively narrow, primarily focusing on forex and cryptocurrency pairs.

4. Trading Platform and Technology

CloseOption operates its proprietary trading platform known as the Trade Room, which is a web-based terminal accessible through major browsers including Google Chrome, Mozilla Firefox, and Safari. Unfortunately, CloseOption does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may deter experienced traders seeking advanced trading tools and features.

The Trade Room provides essential trading functionalities, including multiple chart types (line, candlestick, area) and basic technical analysis tools such as Fibonacci lines and trend lines. However, it lacks the depth and advanced capabilities that seasoned traders might expect, such as automated trading options or extensive analytical tools.

Currently, there are no dedicated mobile applications for CloseOption, but the platform is optimized for mobile browsing, allowing traders to access their accounts and trade on the go. The execution model is straightforward, with traders placing bets directly against the broker.

5. Account Types and Trading Conditions

CloseOption offers a single live trading account type with a tiered structure based on deposit amounts. The tiers include:

  • Copper: $5 to $1,000 deposit, with payouts up to 79%.
  • Bronze: $1,000 to $2,000 deposit, with payouts up to 80%.
  • Silver: $2,000 to $10,000 deposit, with payouts up to 82%.
  • Gold: $10,000 to $50,000 deposit, with payouts up to 85%.
  • Diamond: $50,000 to $1,000,000 deposit, with payouts up to 90%.

The minimum trade size is set at $1, while the maximum trade size can go up to $1,000. CloseOption does not offer leveraged trading, which is common in binary options trading, as all positions must be funded in full. The platform also charges a 0.5% inactivity fee on accounts that have not been logged into for over three months.

6. Fund Management

CloseOption supports a variety of deposit methods, including traditional banking options, credit/debit cards, e-wallets, and cryptocurrencies. The minimum deposit requirement is $5, making it accessible for new traders. Deposits are typically processed instantly, except for cryptocurrency transactions, which can take up to 30 minutes.

There are no deposit fees for most methods, although bank card deposits may incur a fee ranging from 1% to 8.4%, depending on the bank and currency. Withdrawals can be made using the same methods as deposits, with a minimum withdrawal amount of $1 for cryptocurrencies and e-wallets, and $500 for bank wire transfers. Withdrawal requests are processed within 1 to 3 business days, but users have reported delays, particularly with bank transfers, which may incur fees of $50 to $100.

7. Customer Support and Educational Resources

CloseOption provides customer support through various channels, including 24/7 phone support, email, and live chat. However, users have reported mixed experiences, with some experiencing delays or unresponsive live chat support during trading hours. The broker claims to offer multilingual support, but the effectiveness of this service may vary.

In terms of educational resources, CloseOption offers a knowledge base that includes tutorials on using the trading platform and basic trading strategies. However, the depth of educational content is limited compared to competitors that provide comprehensive training programs. Market analysis services are also available, but traders looking for in-depth research may find the offerings lacking.

8. Regional Coverage and Restrictions

CloseOption serves a global clientele, accepting traders from various countries, including the United States and Singapore. However, it restricts access to clients from certain jurisdictions where binary options trading is prohibited, such as Iran, North Korea, and Iraq. The broker's operations are primarily focused on regions where binary options trading is legal, but potential clients should verify their local regulations before signing up.

In summary, while CloseOption presents an accessible platform for binary options trading, potential clients should carefully consider the regulatory environment, limited asset offerings, and customer support reliability before engaging with the broker.

Latest Reviews

FX3978190724

FX3978190724

Nigeria

I WAS TRADING WITH CLOSEOPTION NORMAL BUT AFTER SOME FEW DAYS I DISCOVERED THAT MY ACCOUNT HAS BEEN HACKED AND ALL MY MONEY HAS BEEN WITHDRAWN

Exposure

2021-09-14

FX8660304182

FX8660304182

Chile

This problem is causing me a lot of anxiety. I put all my savings here, specifically 51,000 pesos and now they leave me with that they went bankrupt and they will not pay anyone. I beg you to help me so that they do not get away from it

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2021-12-03

FX1074198442

FX1074198442

Netherlands

This broker has been a great service provider for trading options over the years. Always fast withdrawals and deposits. I never experienced any issues with such. I'm quite comfortable trading with this CloseOption.com over the years. Recommended

Positive

2024-05-02

Better half

Better half

Australia

Being able to open an account for as little as $5 is so attractive. But my friend told me not to deal with unregulated companies, and I think he has a point.

37130

2023-02-17

FX1209914232

FX1209914232

Australia

CloseOption’s website is confusing and messy… whole webiste is gaudy and useless… I don’t know how to say…I won’t trade with this broker, anyway...

Positive

2023-02-16

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CloseOption Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.52, Software Index 4.00 Risk Control Index 0.00.
CloseOption