CityIndex vs CloseOption

CityIndex vs CloseOption Comparison Table 2023
CityIndex	CloseOption
Review 4.4	Review 3.8 CloseOption is #6 in our binary options broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
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
	CloseOption Runs Weekly Trading Contest With $3K Prize Pot
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
Thousands of instruments including thematic indices and interest rates that are not available at many alternatives Industry-leading platforms including MT4, plus access to cutting-edge third-party tools like TradingView Excellent reputation with over 1 million account holders and tier-one regulatory oversight Tight spreads from 0.5 pips on EUR/USD and competitive commissions on CFD shares A free demo account with unrestricted access to all markets and trading tools Extended hours trading on 70+ popular shares including Amazon and Tesla No minimum deposit to get started	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
Cryptocurrency trading not available in all locations No Islamic account for Muslim traders $15 monthly inactivity fee US traders not accepted	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
Instruments
Stocks, Spreadbetting, Options, CFD, Forex, Crypto	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$5
Trading Platforms
MT4 TradingView TradingCentral	Own
Payment Methods
BPAY Credit Card Debit Card Mastercard PayID PayNow PayPal Visa Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard PayPal Perfect Money WebMoney Wire Transfer
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
USD EUR GBP AUD CZK	USD
Stock Exchanges
S&P 500 Shenzhen Stock Exchange
Commodities
Cannabis Copper Gold Iron Livestock Natural Gas Nickel Oil Orange Juice Platinum Silver Soybeans
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
USD
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
BCH BTC ETH LTC XRP	BTC BCH ETH LTC XBT
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

Review	Review
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