CloseOption vs CMC Markets
| CloseOption | CMC Markets |
|---|---|
3.8
CloseOption is #6 in our binary options broker rankings. |
4.7
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 Traders from US accepted |
Traders from US not accepted
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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. |
CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders. |
| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| Bonus Offer | |
| $10 Welcome Gift | |
| Promotions | |
| Comment by Reviewer | |
| "CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses." | "CMC Markets is a great option for active traders with thousands of instruments, spreads from 0.0 pips and an award-winning trading platform." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Binary Options on Forex & Cryptos | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $1 | 0.01 Lots |
| Regulator | |
| National Bank of Georgia | FCA, ASIC, MAS, CIRO |
| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 1% | |
| 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 | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| iOS & Android | |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| 0.5% | $10 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | CMC Markets offers leveraged CFDs on an extensive list of 12,000+ instruments with transparent pricing, powerful trading software and ultra-fast execution speeds. Out-of-hours trading on CFD indices is also available, plus 24/5 award-winning customer support. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | |
| FTSE Spread | |
| 1 pt | |
| GBPUSD Spread | |
| 0.9 | |
| Oil Spread | |
| 3.5 | |
| Stocks Spread | |
| 0.02 | |
| Forex Trading | |
| 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. | CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals. |
| Forex App | |
CMC Markets deliver an award-winning app, compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators. |
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| GBPUSD Spread | |
| No fee - payouts approx. 80% (Copper) | 0.9 |
| EURUSD Spread | |
| No fee - payouts approx. 80% (Copper) | 0.7 |
| EURGBP Spread | |
| No fee - payouts approx. 80% (Copper) | 1.1 |
| Assets | |
| 20+ | 330+ |
| Currency Indices | |
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| Cryptocurrency | |
| 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. | CMC Markets offers trading on popular digital tokens and crypto indices for broader exposure to the market. There is minimal slippage and an excellent 99.9% fill rate. |
| Spread | |
| No fee - payouts approx. 40% (Copper) | from 1.3 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| 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. | Binary options trading not offered |
| Payout | |
| 95% | |
| Expiry Times | |
| 30 seconds - 1 month | |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | No |
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| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| More Comparisons | |
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CloseOption vs |
CMC Markets vs |