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CloseOption Review
Trading Platform CloseOption
CloseOption has a proprietary platform called the TradeRoom. The platform offers real-time currency-pairs data ranging from EUR-USD to AUD-JPY. It also offers pairs with cryptocurrencies such as Bitcoin and Ethereum. Payout ratios for these trading pairs are displayed on the options menu.
The user interface has a clean and intuitive design, letting you get to its useful features in just a few clicks. In fact, the TradeRoom platform is quite simple. Like other platforms, its trading terminal has your chart of choice front and center. It has four basic chart views. You can choose between a bar chart, candlestick chart, line chart, or area chart. Its Buy/Sell commands are large enough to avoid confusion. The panel is, by default, near the top right corner of the screen, but you can move this around.
The TradeRoom provides manual tools for plotting such as trend lines, text, and Fibonacci lines. Unfortunately, the platform doesn’t include real-time indicators that more advanced traders will be looking for. Lastly, the web-based TradeRoom platform is mobile-friendly. Thus, you can make trade trades on your phone and on the go.
CloseOption values simplicity and a low barrier for entry. Hence, from its platform to its features, it keeps this ethos clear to users. There are, however, a few unique features that stand out.
- Dashboard. The CloseOption dashboard provides users a simple overview of their accounts. It includes their recent trades and their account balances. It displays current promotions such as deposit bonuses and other money-making opportunities. Also, it provides useful articles apart from its easy-to-find tutorials tab.
- Referral Commission. The broker has a referral program for its users. What’s unique about this is that it is open for demo accounts. Basically, it has an open affiliate program. To make it easy for referring traders or affiliate marketers, CloseOption provides eye-catching banners for use such as those for lightbox ads, scrolling ads, and fixed ads.
- No-Fuss Trading Terminal. As mentioned, the CloseOption TradeRoom has a simple intuitive interface accessible to first-time traders. It has a simple Buy/Sell control panel, and every feature is accessible with just one to three clicks. There are simple analyses that you can manually plot. However, as stated, there are no advanced indicators.
- Contests. CloseOption is quite known for its weekly trading contests. Currently, rewards are given to the top 20 traders of the week with the first place receiving a prize of $850. Also, there are weekly contest promotions such as free contest entries. The winners’ user names—together with their country’s flag, prize amount, and remaining balance—are displayed for all to see.
Pros
- Free membership
- Easy-to-use terminal
- Demo account with virtual money
- Weekly trading contests with free initial virtual money
- Gamification
- $5 minimum deposit
- Minimum trade size of $1
- VIP account levels depending on funds
Cons
- Only manually-plotted analysis tools
- No advanced indicators
Platform type: CloseOption
Platform Languages: English
OS Compatibility: Mac OS, iOS, Windows, Linux, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No
Company information CloseOption
Located in: Tbilisi, Georgia
Website: https://financesonline.com/see/closeoption/
Founded in: 2013
Accepts US Clients: Yes
Phone number: +44-203-290-2097
Email: [email protected]
Account Options CloseOption
Commission:
Minimum Deposit: $5
Payouts Percentage: Up to 80%
Deposit Options: Webmoney, PayPal, Credit Card, Debit Card, Bank Wire Transfer
Withdrawal Options: Webmoney, PayPal, Credit Card, Debit Card, Bank Wire Transfer
Payout Ratios: Payout ratios can reach up to 95% of the investment. They are easily found on the currency pair menu right by your pair options.
Available Assets CloseOption
Forex
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
Customer Support Languages: English
Customer Service Hours:
Place Trades Over the Phone?: No
CloseOption Trade types
CloseOption only offers currency-pair trades.
CloseOption Trade accounts
There are three account types available to a user once they sign up. These are the Demo, Real, and Contest accounts.
- Demo. Like other binary options platforms, CloseOption provides users a demo account to try out the platform and test their strategies without any financial commitment. It provides users with real-time data to base their risk-free trades while only using virtual money.
- Real. This is a live account where users can deposit real currency. There are three balances available: a Wallet for storing money, Real Account Balance for traditional currencies, and a Crypto Balance for Cryptocurrencies.
- Contest. This is the account that CloseOption traders use to join weekly trading contests. Initially, the broker offers a virtual balance that users can use for competitive trading to win cash prizes.
Awards & Quality Certificates
CloseOption Position In Our Categories
Position of CloseOption in our main categories:
TOP
10
CloseOption is one of the top 10 Binary Options Brokers products
If you are interested in CloseOption it could also be a good idea to investigate other subcategories of Binary Options Brokers listed in our base of SaaS software reviews.
It is essential to keep in mind that hardly any service in the Binary Options Brokers category is a perfect solution able to fulfill all the goals of various investors. It may be a good idea to read a few CloseOption reviews first as specific solutions might actually dominate exclusively in a specific geography or situation or be prepared with a very specific customer in mind. Others may function with an idea of being simple and intuitive and therefore lack advanced functions needed by more experienced users. You can also come across services that support a wide group of customers and provide a powerful feature toolbox, but that usually comes at a more significant price of such a software. Ensure you're aware of your requirements so that you get a service that provides exactly the elements you search for.
User Satisfaction
Positive Social Media Mentions
0
Negative Social Media Mentions
0
We realize that when you decide to get a Binary Options Brokers it’s vital not only to see how professionals score it in their reviews, but also to find out if the actual clients and companies that purchased these solutions are actually content with the product. That’s why we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and CloseOption reviews across a wide array of social media sites. The data is then featured in a simple to understand way revealing how many users had positive and negative experience with CloseOption. With that information at hand you will be prepared to make an informed purchasing decision that you won’t regret.
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What Bonus Does CloseOption Offer?
No Deposit Bonus:
No
Bonus for First Deposit:
No
Is the Bonus Based on
the Volume of the Transaction?:
No
Other Bonuses:
No
CloseOption is a dynamic broker that offers different types of bonuses. They, somewhat regularly, offer deposit bonuses up to 60%.
Reliability of CloseOption
While CloseOption is not regulated by a higher entity, the broker’s Forex and options trading activities are licensed by the National Bank of Georgia. Even though the broker’s TradeRoom terminal is quite simple, it offers payout ratios for every currency pair trading option made available.
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