CloseOption vs World Forex

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

CloseOption vs World Forex Comparison Table 2025
CloseOption World Forex
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3.8
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4
CloseOption is ranked #4 among binary options brokers. World Forex is ranked #10 among binary options brokers.
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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. World Forex is an offshore broker based in St Vincent and the Grenadines. It provides commission-free trading with a minimum deposit of $1 and leverage up to 1:1000. Digital contracts are available, offering an easy method for novices to speculate on popular financial markets.
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
  • A diverse selection of assets is available for trading, which includes options through digital contracts.
  • Multiple account types with diverse pricing models
  • MT4, MT5, and a custom trading platform.
  • Swap-free account available
  • 10+ accepted payment methods
  • Low deposit of $1
  • Copy trading platform: A streamlined solution for investors seeking to mirror experienced traders in real-time. This innovative system allows you to automatically replicate the trades of seasoned professionals, making it ideal for both novice and busy investors. With a diverse range of traders to follow, you'll gain exposure to various strategies without the need for in-depth market analysis. This approach simplifies your investment process, helping you make informed decisions with ease and confidence.
  • Educational content
  • STP/ECN technology
  • A demo account is a simulated trading environment allowing traders to practice and refine strategies without using real money. This risk-free platform provides an opportunity to familiarise oneself with market operations and trading tools. It’s ideal for newcomers seeking to gain experience or seasoned traders testing new tactics. Offering a realistic trading experience, it supports better decision-making, ultimately enhancing one’s trading competence.
  • VPS hosting
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.
  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Binary Options on Forex & Cryptos Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
Yes Yes
Minimum Deposit
$5 $1
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
National Bank of Georgia SVGFSA
Mobile Apps
iOS & Android iOS, Android + Web Browser
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.

The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.
iOS App Rating
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3.7
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1.3
Android App Rating
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3.5
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1.3
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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 Yes
ECN Account
No Yes
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
Yes
Copy Trading
No Yes
Copy Trading Platform
Utilise trading signals on MT4 to mirror strategies directly in your live account. There are no extra fees, and the platform is accessible through downloadable software or a web-based version.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0.5%
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • RUB
Commodities
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Oil
CFD
World Forex offers leveraged CFDs on over 100 instruments, including stocks, commodities, and forex. Traders can access leverage of up to 1:1000 for accounts with balances up to $1000, while higher balance accounts receive reduced leverage options.
Leverage
1:1000
FTSE Spread
NA
GBPUSD Spread<
NA
Oil Spread
NA
Stocks Spread
From 0.03
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%. World Forex provides CFD and digital contract trading across 53 currency pairs, such as EUR/USD and GBP/EUR. Traders can access substantial leverage on CFDs, complemented by competitive spreads for select account types.
Assets
20+ 53
GBPUSD Spread
No fee - payouts approx. 80% (Copper) From 0.6
EURUSD Spread
No fee - payouts approx. 80% (Copper) From 0.6
EURGBP Spread
No fee - payouts approx. 80% (Copper) From 0.6
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. Traders can explore crypto assets through World Forex’s W-CRYPTO accounts, providing leveraged trading with zero spread. Access 10 cryptocurrencies paired with USD and EUR, along with crypto-to-crypto pairs.
Spread
No fee - payouts approx. 40% (Copper) 0
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XBT
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
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. World Forex provides binary options requiring just a choice of stake, price movement, and contract duration. Returns can reach up to 100% on American agreements and 85% on European ones, with the latter also offering a partial refund for traders exiting early.
Payout
95% 100%
Expiration Times
30 seconds - 1 month 1 minute - 7 days
Boundary Options
No No
Ladder Options
No No
CloseOption World Forex
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