CityIndex vs CloseOption
CityIndex | CloseOption |
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4.4
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3.8
CloseOption is #6 in our binary options broker rankings. |
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City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders. |
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 | |
$10 Welcome Gift | |
Promotions | |
Comment by Reviewer | |
"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms." | "CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses." |
Pros | |
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Cons | |
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Instruments | |
Stocks, Spreadbetting, Options, CFD, Forex, Crypto | Binary Options on Forex & Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $5 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $1 |
Regulator | |
ASIC, FCA, MAS | National Bank of Georgia |
Margin Trading | |
No | No |
Margin Rate | |
2.5% | |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
Yes | 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 | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
Yes | |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Smart Signals | |
VPS Hosting | |
No | No |
Tournaments | |
No | 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 | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds. | CFD trading not offered |
Leverage | |
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. | |
FTSE Spread | |
1 pt | |
GBPUSD Spread | |
0.8 pips | |
Oil Spread | |
0.4 | |
Stocks Spread | |
Variable | |
Forex Trading | |
Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks. | 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 | |
0.8 | No fee - payouts approx. 80% (Copper) |
EURUSD Spread | |
0.5 | No fee - payouts approx. 80% (Copper) |
EURGBP Spread | |
0.8 | No fee - payouts approx. 80% (Copper) |
Assets | |
84 | 20+ |
Currency Indices | |
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Cryptocurrency | |
Go long or short on popular digital currencies with ultra-tight spreads and fast order executions. Leverage also allows traders to magnify their purchasing power. | 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 | |
BTC 0.5%, ETH 1% | No fee - payouts approx. 40% (Copper) |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | 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% | |
Expiry Times | |
30 seconds - 1 month | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
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More Comparisons | |
CityIndex vs |
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