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CloseOption vs IQCent

CloseOption or IQCent – which is better for UK traders 2025? Compare CloseOption and IQCent in this detailed breakdown of their platforms, features and fees.

CloseOption vs IQCent Comparison Table 2025
CloseOption	IQCent

3.8	3.7
CloseOption is ranked #4 among binary options brokers.	IQCent is ranked #2 among binary options brokers.
Review	Review
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.	IQCent operates as an offshore broker for binary options and CFDs, with headquarters in the Marshall Islands. It provides distinct account types with enticing benefits, such as payout enhancements, TradeBacks, and complimentary rollovers. Offering over 100 assets for trade around the clock and payouts up to 98%, it attracts budding traders looking for short-term opportunities.
Pros
New traders can begin with just a £5 minimum deposit. CloseOption hosts weekly trading competitions, awarding cash prizes to traders. The intuitive platform works seamlessly with nearly all web browsers. Various international payment options are accessible. Free practice account	The broker provides payouts of up to 98% on binary options, surpassing alternatives such as Pocket Option, which offers a maximum of 92%. The proprietary terminal features TradingView charts, providing numerous technical indicators and analyses for traders. IQCent is a rare binary options broker providing a copy trading service for passive traders. CFD trading fees are competitive, with major forex pairs like EUR/USD incurring costs from just 0.7 pips. The broker offers quick and dependable customer support around the clock, usually responding in under a minute during tests. New traders with a modest budget can start trading with a minimal stake of just $0.01. Enthusiastic traders may participate in competitions that offer cash prizes.
Cons
Clients must deposit over $50,000 to be eligible for the highest returns. CloseOption lacks regulation by a reputable financial authority. Binary options are exclusively offered for both traditional currencies and cryptocurrencies.	IQCent lags behind competitors such as Quotex, offering a limited selection of approximately 100 assets and lacking stock options. The broker operates without oversight from a reputable regulator, which is typical for binary options companies. IQCent imposes a £10 monthly inactivity fee if a trader does not execute at least one trade each month. The market analysis provides only fundamental details, offering limited technical summaries and insights from analysts. Automated trading support is unavailable for algorithmic traders.
Awards
	Best Binary Broker 2023 - DayTrading.com
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Binary Options on Forex & Cryptos	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
	20% to 200% Deposit Bonus
Demo Account
Yes	Yes
Minimum Deposit
$5	$250
Payment Methods
Mastercard PayPal Perfect Money WebMoney Wire Transfer	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$1	$0.01
Regulator
National Bank of Georgia	IFMRRC
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.	IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
iOS App Rating
3.7	4.3
Android App Rating
3.5	4.1
Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
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	No
Auto Trading
	No
Copy Trading
No	Yes
Copy Trading Platform
	The broker's web platform includes a copy trading service, allowing users to follow and replicate trades from up to ten seasoned investors. Its standout feature is simplicity: choose an investment amount and click 'copy'. However, the selection of master traders is limited, and historical performance data is sparse, reducing reliability.
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	No
Inactivity Fee
0.5%	$10
Islamic Account
No	No
Account Currencies
USD	USD EUR
Commodities
	Gold Copper Oil
CFD
	CFD trading covers forex, indices, commodities, and cryptocurrencies. However, the selection of over 100 instruments falls short when compared to alternatives like Quotex, which offers over 400. Traders can access leverage up to 1:500, yet the $250 minimum deposit requirement is significantly higher than that of competitors.
Leverage
	1:500
FTSE Spread
	1.4
GBPUSD Spread<
	0.8
Oil Spread
	0.05
Stocks Spread
	N/A
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%.	Traders using IQCent can engage with CFDs or binary options across more than 45 currency pairs. CFD spreads begin at 0.3 pips, while binary options offer attractive payouts up to 95%. In comparison, Pocket Option limits forex payouts to a maximum of 81%, making IQCent a competitive choice.
Assets
20+	49
GBPUSD Spread
No fee - payouts approx. 80% (Copper)	0.8
EURUSD Spread
No fee - payouts approx. 80% (Copper)	0.3
EURGBP Spread
No fee - payouts approx. 80% (Copper)	0.8
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.	IQCent provides access to 17 cryptocurrency pairs via its own platform, featuring popular options like Bitcoin, Ethereum, and Litecoin. With crypto CFDs, leverage is limited to 1:10. Payouts for binary options differ by token yet stay competitive, with some OTC assets offering payouts as high as 95%.
Spread
No fee - payouts approx. 40% (Copper)	Variable
Coins
BTC BCH ETH LTC XBT	BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB
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.	IQCent provides binary options featuring exceptional payouts up to 98%. The platform, albeit with basic analysis tools, accommodates various timeframes ranging from 1 minute to 1 month, supporting both short and long-term trading strategies. However, it is worth noting that stock binaries are unavailable.
Payout
95%	98%
Expiration Times
30 seconds - 1 month	5 seconds - 1 month
Boundary Options
No	No
Ladder Options
No	No

CloseOption	IQCent
Review	Review
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