Plus500 vs CloseOption

Plus500 vs CloseOption Comparison Table 2023
Plus500	CloseOption
Review 4.1	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
Plus500 is a leading brokerage, listed on the London Stock Exchange with 25+ million registered traders. The firm specializes in CFD trading on its intuitive, in-house platform and mobile app. Spreads are low and there are no deposit or withdrawal fees. Plus500 also has a high trust score with licenses from reputable regulators, including the FCA, ASIC and CySEC.	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.
82% of retail CFD accounts lose money.
Bonus Offer
	$10 Welcome Gift
Promotions
	CloseOption Runs Weekly Trading Contest With $3K Prize Pot
Comment by Reviewer
"Plus500 offers one of the best trading platforms for beginners. With a modern design and dynamic charting, we found it great for trading CFDs on popular financial markets. The $100 minimum deposit and unlimited demo account also make Plus500 accessible for aspiring investors."	"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
Zero commissions and tight spreads on over 2,000 instruments across forex, shares, indices, commodities, cryptos and ETFs Premium service for professional traders with fee rebates, external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment We enjoy using the web platform with its smooth user experience and feature-rich trading tools Excellent reputation with 25+ million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders	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
No access to the MetaTrader 4 or MetaTrader 5 platforms Average withdrawal speeds that can take up to 7 days No social trading functions for hands-off investors $10 monthly inactivity fee after 3 months Algo trading is not supported Scalping is not permitted	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
Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$100	$5
Trading Platforms
WebTrader App	Own
Payment Methods
Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA	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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android & Windows
Auto Trading
No
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10	0.5%
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD ZAR CZK	USD
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 London Stock Exchange Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
Plus500 offers commission-free CFDs on a huge range of markets, including currencies, stocks, indices and commodities. Traders can go long or short on popular assets with flexible leverage and no hidden charges. The WebTrader platform has been specifically designed for trading CFDs.	CFD trading not offered
Leverage
1:30
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
0.04
Stocks Spread
0.08
Forex Trading
Plus500 offers forex trading via CFDs with tight, floating spreads and an excellent suite of 60+ currency pairs. We got spreads of 0.6 pips on the EUR/USD during testing - lower than many alternatives.	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.
Forex App
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
1.1	No fee - payouts approx. 80% (Copper)
EURUSD Spread
0.6	No fee - payouts approx. 80% (Copper)
EURGBP Spread
1.4	No fee - payouts approx. 80% (Copper)
Assets
60+	20+
Cryptocurrency
Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation.	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
Variable	No fee - payouts approx. 40% (Copper)
Coins
BCH BTC ETH LTC XRP IOTA NEO EOS XMR	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
82% of retail CFD accounts lose money.
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