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 |
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| 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 | |
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| Cons | |
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| Awards | |
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| 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 is ideal for novice traders, with a user-friendly interface simplifying learning. You can execute trades in as little as five seconds using basic chart tools. Video tutorials and regular updates improve user experience, while weekly contests cater to adept traders. | BinaryCent, similar to many binary brokers, lacks a dedicated app, offering trading via mobile browsers instead. This setup provides a standard interface with clear visuals, one-tap trades, and copy trading available in the bottom menu. Yet, horizontal chart optimisation is poor, and promotional pop-ups proved distracting in tests, diminishing user satisfaction. |
| iOS App Rating | |
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| Android App Rating | |
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| 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 | |
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| Commodities | |
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| 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 | |
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| 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 |
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