Summary: CloseOption is the better pick
Only CloseOption accepts traders from United States, so it’s the one to pick here.
CloseOption
Accepts traders from United States
- Min deposit
- $5
- Max payout
- 95%
| CloseOption | IQ Option | |
|---|---|---|
| Overview | ||
| Summary | CloseOption, based in Georgia, has over ten years in the trading industry. The company provides high/low binary options trading on forex and crypto markets, featuring good payouts, 24/7 customer support, and user-friendly trading software. CloseOption provides binary options trading on over 30 fiat and digital currencies via a user-friendly web platform. It offers 15 contract timeframes from 30 seconds to 1 month, catering to both short-term and long-term traders. New users receive a welcome gift. Forex trading: CloseOption provides binary options on over 25 forex pairs, including major ones like EUR/USD and some minor ones like AUD/JPY. Payouts differ by currency, with typical payouts around 75% for GBP/USD. Crypto trading: CloseOption provides high/low binary options on major cryptocurrencies paired with USD, like Bitcoin and Litecoin. Our tests showed competitive returns, reaching 82% at peak times and 74% during low volume periods. The platform offers one-click crypto trading with reliable execution, and your recent trading history is clearly shown. | IQ Option is a reliable broker offering multi-asset trading via its easy-to-use platform. It allows trading in forex, stocks, cryptos, indices, commodities, and ETFs with low fees, plus extra features and educational resources. An account can be opened with only $10. IQ Option is a well-regarded binary options and digital trading broker. Trade on an easy-to-use platform with a low initial deposit. Just predict if an asset's price will rise or fall to earn a fixed payout of up to 90%+. CFD trading: focuses on CFDs for stocks, forex, cryptocurrencies, and other markets. Leverage varies by location (1:30 in EU, 1:500 globally), with lower rates for more volatile assets. Trades have no commission, featuring floating spreads, and users can access the award-winning platform. Forex trading: IQ Option provides CFD trading on 24 forex assets, including major and some minor pairs. EU traders can use up to 1:30 leverage as per local rules. The broker offers commission-free trades, but spreads are relatively high, so it is not outstanding in this area. Crypto trading: IQ Option is a top crypto broker, providing multipliers and a wide selection of digital currencies like Bitcoin, Ethereum, and Cardano. They offer leverage up to 1:2 with variable spreads and no commission. The user-friendly trading software is ideal for beginners. |
| Warning | – | RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK |
| Awards | – |
|
| Regulator | – | CySEC |
| Instruments | Binary Options on Forex & Cryptos | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo account | Yes | Yes |
| Minimum deposit | $5 | $10 |
| Minimum trade | $1 | 0.001 Lots |
| Max payout | 95% | 95% |
| Expiry times | 30 seconds - 1 month | 60 seconds - 1 month |
| Ladder options | No | Yes |
| Boundary options | No | Yes |
| Platforms & tools | ||
| Mobile apps | iOS & Android via mobile web trader | Android (plus APK), iOS (plus progressive web app) |
| Mobile trading | CloseOption's TradeRoom is an excellent choice for beginners, featuring a simple design that makes learning easy. You can quickly place short-term trades starting at 5 seconds using basic chart tools. Tutorials and regular updates with video demos improve the experience, and weekly contests are available for experienced traders. | IQ Option offers an easy-to-use mobile app for forex and their own trading instruments, providing a smooth, secure platform for short-term trades. Recent updates have harmonized the interface of both the web and mobile platforms, allowing effortless switching between them. |
| MetaTrader 4 | No | No |
| MetaTrader 5 | No | No |
| cTrader | No | No |
| TradingView | No | No |
| AlgoTrader | No | No |
| OmniTrader | No | No |
| Autochartist | No | No |
| eSignal | No | No |
| Trading Central | No | No |
| Copy trading | No | No |
| Social trading | No | No |
| AI / machine learning | No | No |
| Robo advisor | No | No |
| VPS hosting | No | No |
| Account & payments | ||
| Payment methods | American Express, Apple Pay, Bitcoin Payments, Ethereum Payments, Google Pay, Mastercard, PayPal, UnionPay, Wire Transfer | Boleto, Credit Card, GlobePay, Maestro, MoneyGram, Perfect Money, QIWI, Skrill, Sofort, Vietcombank Transfer, Volet, Wire Transfer, Yandex Money |
| Account currencies | USD | USD, EUR, GBP, ZAR |
| 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 |
| Islamic account | No | Yes |
| Negative balance protection | No | Yes |
| Market maker | No | Yes |
| Margin trading | No | Yes |
| Margin rate | – | 0.2% |
| Tournaments | Yes | Yes |
| Demo competitions | Yes | No |
| Ethical investing | No | No |
| Markets | ||
| Stock exchanges | – | Australian Securities Exchange (ASX), CAC 40 Index France, DAX GER 40 Index, Dow Jones, Euronext, FTSE UK Index, Hong Kong Stock Exchange, IBEX 35, Japan Exchange Group, Nasdaq, S&P 500 |
| Commodities | – | Oil, Gold |
| Spot trading | No | No |
| P2P trading | No | No |
| CFD trading | No | Yes |
| CFD leverage | – | 1:500 |
| CFD GBPUSD spread | – | 1 |
| CFD oil spread | – | 2.3 |
| CFD stocks spread | – | 2 |
| Forex trading | Yes | Yes |
| Forex GBPUSD spread | No fee - payouts approx. 80% (Copper) | 5 pips |
| Forex EURUSD spread | No fee - payouts approx. 80% (Copper) | 14 pips |
| Forex EURGBP spread | No fee - payouts approx. 80% (Copper) | 15 pips |
| Forex assets | 20+ | 60+ |
| Crypto trading | Yes | Yes |
| Crypto spread | – | BTC 7%, ETH 12% (Var) |
| Crypto coins | BCH, BTC, ETH, LTC, XBT | BCH, BTC, DASH, EOS, ETC, ETH, LTC, OMG, QTUM, TRX, XRP, ZEC |
| Crypto lending | No | No |
| Crypto mining | No | No |
| Crypto staking | No | No |
| Crypto auto market maker | No | No |
| Visit | Visit | Read review |
Your capital is at risk. Never trade with more money than you can afford to lose.
FAQ
Is CloseOption or IQ Option better?
We have rated IQ Option (80%) higher than CloseOption (75%), but the overall rating can't be the only determining factor. For example, does IQ Option accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use the comparison table to see if CloseOption or IQ Option is best for you.
VisitYour capital is at risk.