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Focus Option vs CloseOption

Focus Option or CloseOption – which is better for UK traders 2024? Compare Focus Option and CloseOption in this detailed breakdown of their platforms, features and fees.

Focus Option vs CloseOption Comparison Table 2024
Focus Option	CloseOption

3.7	3.8
Focus Option is ranked #8 among binary options brokers.	CloseOption is ranked #3 among binary options brokers.
Review	Review
Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.	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
Web-based platform provides a quick and easy way to access markets Good selection of cryptocurrencies available including Bitcoin Binary options contracts from 30 seconds to 30 days Accepts crypto deposits and withdrawals $10 low minimum deposit Easy sign-up process Payouts up to 95% $1 minimum trade	New traders can get started with a $5 minimum deposit CloseOption offers weekly trading tournaments with cash prizes The user-friendly platform is compatible with most web browsers Multiple global payment methods are available Free demo account
Cons
Offshore regulation raises safety concerns Average trading terms on CFDs with spreads from 3 pips on GBP/USD Clients based in the USA cannot use the broker’s products	Clients need to deposit $50,000+ to qualify for the best payouts CloseOption is not regulated by a well-regarded trading authority Binary options are only available on fiat and digital currencies
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Binary Options, CFDs, Forex, Metals, Indices	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$5
Payment Methods
Credit Cards Debit Card Mastercard Visa	Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
$1	$1
Regulator
	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.
iOS App Rating
	3.7
Android App Rating
	3.5
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	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
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
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
	0.5%
Islamic Account
No	No
Account Currencies
USD	USD
Commodities
Gold Silver
CFD
Focus Option offers CFD trading through an intuitive mobile app, with 300+ tradeable instruments spanning forex, cryptocurrencies, commodities, shares and indices. Leverage ranges from 1:20 to 1:50 and spreads are variable, starting from 1 pip, with no commission.
Leverage
1:50
FTSE Spread
NA
GBPUSD Spread<
3
Oil Spread
1
Stocks Spread
Variable
Forex
Focus Option offers 22 forex pairs tradeable via binary options, including a selection of majors and minors. FX pairs are also available to trade with margin on Focus Option's mobile app, which offers high leverage up to 1:50 and spreads from 1 pip.	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
39	20+
GBPUSD Spread
3	No fee - payouts approx. 80% (Copper)
EURUSD Spread
1	No fee - payouts approx. 80% (Copper)
EURGBP Spread
3	No fee - payouts approx. 80% (Copper)
Cryptocurrency
Focus Option clients can trade binary options on an extensive list of 80+ cryptocurrencies, including Bitcoin and Ethereum plus smaller altcoins like Tron and 0x. Crypto CFDs are also available through the broker's mobile app with high leverage.	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
NA	No fee - payouts approx. 40% (Copper)
Coins
BTC ETH XRP USDT BTC LTC ADA AAVE ATOM DOGE KSM CRO THETA LINK YFI YCC MATIC RUNE SOL MANA MIOTA XMONEY XMR SUSHI BAT	BTC BCH ETH LTC XBT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Focus Option offers binary options trading on 140+ instruments including forex, cryptocurrencies, commodities, indices and company shares. Contracts include 30 seconds, 1 min, 2 mins, 5 mins, 15 mins, 30 mins, 1 hr, end of day, and long-term contracts up to 30 days. Decent payouts typically climb to 95%. The browser-based platform is beginner-friendly with sophisticated analysis tools.	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%	95%
Expiration Times
30 seconds - 1 week	30 seconds - 1 month
Boundary Options
No	No
Ladder Options
No	No

Focus Option	CloseOption
Review	Review
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