CloseOption: questions and answers
Is CloseOption regulated?
No. According to our latest data, CloseOption holds no licence from any government financial regulator. 3 regulators have issued official warnings about it, including NSSMC, ASC, CFTC.
Who owns CloseOption?
CloseOption is operated by CloseOption LLC, stated in the T&C as registered in Georgia (FAQ: 8 Aug 2013); site footer also names Close Option Co. (Building 4J, Dubai Digital Park, Dubai Silicon Oasis, UAE) and Cprop Ltd (Saint Lucia, reg. no. 2025-00358).
What is the maximum payout on CloseOption?
CloseOption advertises payouts of up to 95% of a winning trade's stake, depending on the asset, expiry and time of day. On a losing trade you lose the whole amount.
What is the minimum deposit at CloseOption?
The minimum deposit at CloseOption is $5; it can vary by account type and payment method.
What is the minimum trade on CloseOption?
The minimum trade on CloseOption is $1.
Does CloseOption have a demo account?
Yes, you can open a free demo account at CloseOption to practise with virtual money before trading for real.
What can I trade with CloseOption?
CloseOption lets you trade Forex, Crypto.
Is trading on CloseOption legal?
It depends on your country. Binary options are banned for retail clients in the EU, the UK, Australia, Israel and most Canadian provinces, and other regulators restrict or warn against them. Search the platform's name on your national regulator's warning list before depositing.
Fees, deposits and withdrawals
Deposit methods:
Regulator warnings about CloseOption
These regulators published official warnings about CloseOption or its websites. Open each link to check the source yourself.
| Regulator | Date | Source |
|---|---|---|
| NSSMC (Ukraine) | 23 August 2024 | Open warning |
| ASC (Canada) | 9 May 2023 | Open warning |
| CFTC (United States) | 6 July 2022 | Open warning |
Available markets
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