BinaryCent vs CloseOption

BinaryCent vs CloseOption Comparison Table 2023
BinaryCent	CloseOption
Review 3.5 BinaryCent is #9 in our binary options broker rankings.	Review 3.8 CloseOption is #6 in our binary options broker rankings.
Traders from US accepted	Traders from US accepted
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.	CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
Bonus Offer
20% - 200% deposit bonus	$10 Welcome Gift
Promotions
	CloseOption Runs Weekly Trading Contest With $3K Prize Pot
Comment by Reviewer
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."	"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
Simple and straightforward proprietary platform for binary options trading Payouts up to 95% are higher than most competitors and increases profit potential Trade binary contracts from $0.10 allowing trading opportunities for all budgets Copy trading and binary options bots are useful for beginner traders Accepts a wide range of funding methods, including cryptos and e-wallets	New traders can get started with a $5 minimum deposit CloseOption offers weekly trading tournaments with cash prizes The user-friendly platform is compatible with most web browsers Multiple global payment methods are available Free demo account
Cons
Not available to traders based in the US The $250 minimum deposit is higher than most binary options brokers Not overseen by any reputable regulator, raising risks and reducing customer protections	Clients need to deposit $50,000+ to qualify for the best payouts CloseOption is not regulated by a well-regarded trading authority Binary options are only available on fiat and digital currencies
Awards
Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
Instruments
Stocks, Options, CFD, Forex, Crypto, Binary Options	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$250	$5
Trading Platforms
Own	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money POLi Skrill Visa WebMoney Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
$0.01	$1
Regulator
VFSC	National Bank of Georgia
Margin Trading
Yes	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android
Auto Trading
Centobot for binary options
Copy Trading
Yes	No
Copy Trading Platform
The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
Yes	No
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
	0.5%
Islamic Account
No	No
Account Currencies
USD	USD
Stock Exchanges
FTSE UK Index Nasdaq
Commodities
Gold Oil Silver
CFD Trading
You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.	CFD trading not offered
Leverage
1:500
FTSE Spread
Floating
GBPUSD Spread
Floating
Oil Spread
Floating
Stocks Spread
Floating
Forex Trading
Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.	CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.
GBPUSD Spread
Floating	No fee - payouts approx. 80% (Copper)
EURUSD Spread
Floating	No fee - payouts approx. 80% (Copper)
EURGBP Spread
Floating	No fee - payouts approx. 80% (Copper)
Assets
25+	20+
Cryptocurrency
BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.	CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.
Spread
N/A	No fee - payouts approx. 40% (Copper)
Coins
ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH	BTC BCH ETH LTC XBT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.	CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.
Payout
95%	95%
Expiry Times
5 seconds - 30 days	30 seconds - 1 month
Ladder Options
No	No
Boundary Options
Yes	No

Review	Review
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