AdroFX vs CloseOption
AdroFX or CloseOption – which is better for UK traders 2024? Compare AdroFX and CloseOption in this detailed breakdown of their platforms, features and fees.
| AdroFX | CloseOption |
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| AdroFX is ranked #64 among CFD brokers. | CloseOption is ranked #3 among binary options brokers. |
| AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies. | 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 | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFDs, Indices, Shares, Metals, Cryptos | Binary Options on Forex & Cryptos |
| Bonus | |
| 100% Deposit Bonus up to $10,000 | |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $25 | $5 |
| Payment Methods | |
| Minimum Trade | |
| 0.0001 Lots | $1 |
| Regulator | |
| VFSC, FSA, BSSLA | 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | No |
| MetaTrader 4 | |
| Yes | 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 | |
| Yes | No |
| ECN Account | |
| Yes | 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 | |
| Yes | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| You can use the broker's Allpips platform to copy the trades of experienced investors. Thousands of traders have joined the community and new users can get started with a $100 deposit. That said, it doesn't rival category leaders like eToro with its highly active social trading network. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Smart Signals | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $5 | 0.5% |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| AdroFx offers a most selection of around 100 CFDs on stocks, cryptos, indices and commodities. Its appeal lies in the high leverage up to 1:500 which you can't find in heavily regulated jurisdictions and the commission-free pricing model which will serve beginners. You can speculate on both rising and falling prices from the same product with CFDs. | |
| Leverage | |
| 1:500 | |
| FTSE Spread | |
| From 9.0 | |
| GBPUSD Spread< | |
| From 0.5 | |
| Oil Spread | |
| N/A | |
| Stocks Spread | |
| From 3.0 | |
| Forex | |
| AdroFx's strongest offering is its 60+ currency pairs, which can be traded with very high leverage up to 1:500. The broker also offers competitive forex spreads starting from 0.4 pips and charges no commission. Additionally, traders have access to MetaTrader 4, which was built for forex trading and offers excellent support for technical analysis and algo trading. | 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 | |
| 60+ | 20+ |
| GBPUSD Spread | |
| From 0.5 | No fee - payouts approx. 80% (Copper) |
| EURUSD Spread | |
| From 0.4 | No fee - payouts approx. 80% (Copper) |
| EURGBP Spread | |
| From 1.5 | No fee - payouts approx. 80% (Copper) |
| Cryptocurrency | |
| AdroFx offers just four crypto CFDs, while the typical Bitcoin spread of around 59 USD is considerably higher than the industry average, making it a poor option for serious cryptocurrency traders. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets are available. | 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 | |
| From 3.0 | No fee - payouts approx. 40% (Copper) |
| 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 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 |
| AdroFX | CloseOption |
| More Comparisons | |
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AdroFX vs |
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