CloseOption vs Binarycent
CloseOption or Binarycent – which is better for UK traders 2025? Compare CloseOption and Binarycent in this detailed breakdown of their platforms, features and fees.
| CloseOption | Binarycent |
|---|---|
 |
 |
|
|
| CloseOption is ranked #4 among binary options brokers. | Binarycent is ranked #9 among binary options brokers. |
| CloseOption, based in Georgia, has over ten years of experience in the trading sector. The firm provides high/low binary options on forex and cryptocurrency markets, offering competitive payouts. Clients benefit from welcome bonuses, round-the-clock customer support, and user-friendly trading platforms. | BinaryCent, an unregulated binary options broker, offers round-the-clock trading on forex, cryptocurrencies, and stocks with payouts reaching 95%. Although unregulated, it prioritises client security by storing funds in European banks. The broker also provides CFDs with leverage as high as 1:500. |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| No | No |
| Instruments | |
| Binary Options on Forex & Cryptos | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Bonus | |
| 20% to 200% deposit bonus | |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | $250 |
| Payment Methods | |
| Minimum Trade | |
| $1 | $0.01 |
| Regulator | |
| National Bank of Georgia | VFSC |
| 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. |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| No | Yes |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | 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 | |
| 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 | |
| No | Yes |
| Auto Trading | |
| Centobot for binary options | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| The trading tool is accessible to all account levels, including Bronze. You can select a trader by their returns and ranking. The registration process is swift, with immediate account activation. | |
| Social Trading | |
| No | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| 0.5% | |
| Islamic Account | |
| No | No |
| Account Currencies | |
|
|
| Commodities | |
|
|
| CFD | |
| Engage in trading across popular markets like forex, stocks, energies, and metals. Benefit from leverage up to 1:500. View live spreads via our web platform and mobile app. | |
| Leverage | |
| 1:500 | |
| FTSE Spread | |
| Floating | |
| GBPUSD Spread< | |
| Floating | |
| Oil Spread | |
| Floating | |
| Stocks Spread | |
| Floating | |
| Forex | |
| CloseOption provides binary options on over 25 forex pairs, covering major pairs like EUR/USD and some minors such as AUD/JPY. Currency-based payouts differ, with GBP/USD typically offering a reasonable return of 75%. | Trade 24 forex pairs using binary options. A limited selection of currency pairs is typical for binary options brokers. However, BinaryCent offers high payouts of up to 95%, which offsets this limitation. |
| Assets | |
| 20+ | 25+ |
| GBPUSD Spread | |
| No fee - payouts approx. 80% (Copper) | Floating |
| EURUSD Spread | |
| No fee - payouts approx. 80% (Copper) | Floating |
| EURGBP Spread | |
| No fee - payouts approx. 80% (Copper) | Floating |
| Cryptocurrency | |
| Traders at CloseOption can engage in trading high/low binary options with five key cryptocurrencies paired with USD. Due to the high market volatility of these digital assets, payouts reach 40%, offering a competitive edge against other platforms. | BinaryCent facilitates trading across a good range of cryptocurrencies, including prominent ones like Bitcoin. It allows both deposits and withdrawals in crypto, simplifying the process of funding, trading, and managing digital currency activities. |
| Spread | |
| No fee - payouts approx. 40% (Copper) | N/A |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| CloseOption provides binary options trading on over 30 fiat and digital currencies via a user-friendly online platform. With 15 contract durations ranging from 30 seconds to 1 month, it caters to both short-term and long-term traders. New users receive a welcome bonus. | BinaryCent offers binary options trading across various markets via an intuitive in-house platform. With a minimum investment of just $0.10 per trade and potential returns of up to 95%, it caters to casual and low-capital traders, providing substantial profit opportunities. |
| Payout | |
| 95% | 95% |
| Expiration Times | |
| 30 seconds - 1 month | 5 seconds - 30 days |
| Boundary Options | |
| No | Yes |
| Ladder Options | |
| No | No |
| CloseOption | Binarycent |
| More Comparisons | |
|
CloseOption vs |
Binarycent vs |