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10TradeFX vs CloseOption

10TradeFX or CloseOption – which is better for UK traders 2024? Compare 10TradeFX and CloseOption in this detailed breakdown of their platforms, features and fees.

10TradeFX vs CloseOption Comparison Table 2024
10TradeFX	CloseOption

2.8	3.8
10TradeFX is ranked #97 among CFD brokers.	CloseOption is ranked #3 among binary options brokers.
Review	Review
10TradeFX is an offshore regulated forex and CFD broker. The brand offers MetaTrader platform integration with spreads as low as 0.1 pips. The broker offers true STP and ECN execution. The low minimum deposit, social trading and funded trader account programme makes 10TradeFX appealing to new 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.
Pros
I appreciate the flexible access to the MetaTrader 5 web and mobile platforms as well as TradingView charting and copy trading functionality There are some diverse and popular asset classes on offer including forex, stocks, crypto and NFTs I'm a fan of the comprehensive learning academy backed by London’s Association of Trading & Investment (ATI) I like that traders can benefit from the Funded Trader program with up to $500,000 account size and 70% profit split	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
I'm disappointed that the broker is regulated offshore by the Seychelles Financial Services Authority (SFSA) and is not overseen by any top-tier authority I don't like how limited the shares offering is at 10TradeFX, putting them low in my rankings for market availability	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
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$50	$5
Payment Methods
Neteller Skrill Wire Transfer	Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
SFSA	National Bank of Georgia
Mobile Apps
iOS & Android	iOS & Android
Trading App
	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.
iOS App Rating
	3.7
Android App Rating
	3.5
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	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
No	No
P2P Trading
No	No
Spot Trading
No	No
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
Yes	No
Account Currencies
USD	USD
Commodities
Silver Oil
CFD
10TradeFX offers 200+ CFDs available to trade on the MT5 terminal. This is a relatively small range compared to most competitors I've reviewed. That said, the minimum deposit requirement to get started is only $50, which is great news for beginners.
Leverage
1:600
FTSE Spread
200
GBPUSD Spread<
1.5
Oil Spread
20
Stocks Spread
29
Forex
My tests uncovered an average range of 40+ major, minor and exotic currency pairs with spreads as low as 0.1 pips and leverage up to 1:500. I like that the broker offers flexible contract sizes between 0.01 and 1 lot.	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.
Assets
39	20+
GBPUSD Spread
1.5	No fee - payouts approx. 80% (Copper)
EURUSD Spread
1.5	No fee - payouts approx. 80% (Copper)
EURGBP Spread
1.5	No fee - payouts approx. 80% (Copper)
Cryptocurrency
There are 10+ crypto instruments available, including Bitcoin, Ethereum and Litecoin. Again, this is pretty limited for active crypto traders but I am glad to see some popular altcoins available 24/7 including Polkadot and Chainlink.	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
BTC LTC ETH XRP	BTC BCH ETH LTC XBT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	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%
Expiration Times
	30 seconds - 1 month
Boundary Options
No	No
Ladder Options
No	No

10TradeFX	CloseOption
Review	Review
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