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TradeHawk vs CloseOption

TradeHawk vs CloseOption Comparison Table 2023
TradeHawk CloseOption
Review
Not Yet Rated

TradeHawk is #37 in our broker rankings.

Review
3.8

CloseOption is #6 in our binary options broker rankings.

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

TradeHawk offers low-cost stock and options trading via Tradier.

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
"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
  • 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
  • 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, Options, ETFs Binary Options on Forex & Cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 $5
Trading Platforms
  • TradingView
  • Own
Payment Methods
Minimum Trade
$0 $1
Regulator
SEC, FINRA National Bank of Georgia
Margin Trading
Yes No
Margin Rate
5.25%
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
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0.5%
Islamic Account
No No
Account Currencies
  • USD
  • USD
Forex Trading
Forex trading not offered 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
No fee - payouts approx. 80% (Copper)
EURUSD Spread
No fee - payouts approx. 80% (Copper)
EURGBP Spread
No fee - payouts approx. 80% (Copper)
Assets
20+
Cryptocurrency
Crypto trading not offered 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
No fee - payouts approx. 40% (Copper)
Coins
  • 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
More Comparisons
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