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%
| World Forex | CloseOption | |
|---|---|---|
| Overview | ||
| Summary | World Forex, an offshore broker in St Vincent and the Grenadines, offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts provide beginners an easy way to trade on major financial markets. World Forex provides binary options where you choose the stake, price direction, and contract duration. Payouts can reach up to 100% on American contracts and 85% on European contracts, which also allow a partial refund if contracts are closed early. CFD trading: World Forex offers leveraged CFDs on over 100 instruments, including stocks, commodities, and forex. For account balances up to $1000, leverage can reach 1:1000, with reduced leverage for larger account balances. Forex trading: World Forex provides digital contract trading on over 50 forex pairs, like EUR/USD and GBP/EUR. It is one of the few binary firms offering daily technical analysis on popular currency pairs and trade calculators for European and American options to help plan setups and potential returns/losses. Crypto trading: Traders can access CFDs on crypto assets via World Forex's W-CRYPTO accounts, offering leveraged crypto trading with zero spreads. You can trade 10 cryptos paired with USD and EUR, and crypto-crypto pairs are available. | 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. |
| Instruments | Digital Contracts, Forex, CFD Stocks, Metals, Energies, Cryptos | Binary Options on Forex & Cryptos |
| Demo account | Yes | Yes |
| Minimum deposit | $1 | $5 |
| Minimum trade | $1 (Binaries), 0.01 Lots (Forex/CFDs) | $1 |
| Max payout | 100% (American), 85% (European) | 95% |
| Expiry times | 1 minute - 7 days | 30 seconds - 1 month |
| Ladder options | No | No |
| Boundary options | No | No |
| Platforms & tools | ||
| Mobile apps | iOS & Android via mobile web trader | iOS & Android via mobile web trader |
| Mobile trading | The WorldForex Trader Lite app provides limited mobile trading functions. It takes over 30 minutes to access the app due to a complicated account setup. The mobile interface is outdated and includes basic charts and order windows. It also operates slowly and may lag when switching features or placing trades. Overall, it is behind top competitors. | 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. |
| MetaTrader 4 | Yes | No |
| MetaTrader 5 | Yes | No |
| cTrader | No | No |
| TradingView | No | No |
| AlgoTrader | No | No |
| OmniTrader | No | No |
| Autochartist | No | No |
| eSignal | No | No |
| Trading Central | No | No |
| Auto trading | Yes | – |
| Copy trading | Yes | No |
| Social trading | No | No |
| AI / machine learning | No | No |
| Robo advisor | No | No |
| VPS hosting | Yes | No |
| Account & payments | ||
| Payment methods | Bitcoin Payments, Credit Card, Debit Card, Mastercard, Visa, Volet, Wire Transfer | American Express, Apple Pay, Bitcoin Payments, Ethereum Payments, Google Pay, Mastercard, PayPal, UnionPay, Wire Transfer |
| Account currencies | USD, EUR, RUB | USD |
| STP account | Yes | No |
| ECN account | Yes | No |
| DMA account | No | No |
| MAM account | No | No |
| PAMM account | No | No |
| LAMM account | No | No |
| Demat account | No | No |
| Islamic account | Yes | No |
| Negative balance protection | No | No |
| Market maker | No | No |
| Margin trading | Yes | No |
| Tournaments | Yes | Yes |
| Demo competitions | Yes | Yes |
| Ethical investing | No | No |
| Markets | ||
| Stock exchanges | Nasdaq, S&P 500 | – |
| Commodities | Gold, Silver, Platinum, Palladium, Oil | – |
| Spot trading | Yes | No |
| P2P trading | No | No |
| CFD trading | Yes | No |
| CFD leverage | 1:1000 | – |
| CFD FTSE spread | NA | – |
| CFD GBPUSD spread | NA | – |
| CFD oil spread | NA | – |
| CFD stocks spread | From 0.03 | – |
| Forex trading | Yes | Yes |
| Forex GBPUSD spread | From 0.6 | No fee - payouts approx. 80% (Copper) |
| Forex EURUSD spread | From 0.6 | No fee - payouts approx. 80% (Copper) |
| Forex EURGBP spread | From 0.6 | No fee - payouts approx. 80% (Copper) |
| Forex assets | 53 | 20+ |
| Crypto trading | Yes | Yes |
| Crypto spread | 0 | – |
| Crypto coins | BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, ZEC | BCH, BTC, ETH, LTC, XBT |
| Crypto lending | No | No |
| Crypto mining | No | No |
| Crypto staking | No | No |
| Crypto auto market maker | No | No |
| Visit | Read review | Visit |
Your capital is at risk. Never trade with more money than you can afford to lose.
FAQ
Is World Forex or CloseOption better?
We have rated CloseOption (75%) higher than World Forex (40%), but the overall rating can't be the only determining factor. For example, does CloseOption 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 World Forex or CloseOption is best for you.
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