CloseOption Minimum Deposit And Account Details
The minimum deposit size at CloseOption starts from $5. Payment methods available: credit/debit cards, cryptocurrencies and bank transfers.
This article will delve deep into the nitty-gritty of CloseOption's deposit system, highlighting the minimum deposit amount, associated fees, and the process involved. Understanding these specifics is paramount for traders, whether novice or veteran, as it affects investment decisions and overall trading experience. With this knowledge, traders can better navigate the CloseOption platform, ensuring efficient fund management.
What is CloseOption minimum deposit?
CloseOption minimum deposit vs competitors:
| Pocket Option | CloseOption | IQ Cent | |
|---|---|---|---|
Minimum Deposit |
$50 |
$5 |
$20 |
CloseOption deposit methods and fees
CloseOption deposit methods vs competitors:
| Pocket Option | CloseOption | IQ Cent | |
|---|---|---|---|
Bank Transfer |
Yes |
Yes |
Yes |
Debit/Credit Card |
Yes |
Yes |
Yes |
Payment apps |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
CloseOption deposit fees
CloseOption, a reputable binary options broker, allows traders to deal in fiat currencies and cryptocurrencies. One of its most appealing aspects is the diminutive minimum deposit, making it a go-to for beginners in the trading sphere.
If a prediction falters, the broker claims the bet's entirety. However, profitable trades come without a fee. The caveat lies in the non-trading fees. For deposits or withdrawals via bank transfer, a fee is incurred. And for those using bank cards, currency exchange fees, ranging from 1% to 8.4%, may apply.
CloseOption deposit - Processing time
Choosing CloseOption means traders have many payment methods, including bank cards, wire transfers, e-wallets, and digital currencies. For those seeking immediacy, cryptocurrency deposits are unrivaled, processing in a timeframe of mere seconds to an hour. The flexibility extends to the deposit amount, with a minimum cap of $5 and a ceiling of an impressive $1,000,000. CloseOption also offers a binary option no-deposit bonus of $20 for a Live account.
CloseOption account currencies
| Pocket Option | CloseOption | IQ Cent | |
|---|---|---|---|
Account Currencies |
USD |
USD |
USD, EUR, and GBP |
How to deposit money on CloseOption? Step-by-step guide
Depositing money on CloseOption is a seamless process. Here's a step-by-step guide to help you navigate it:
-
1
Login procedure. First, access your CloseOption client dashboard by logging in using your credentials to initiate the deposit process. This dashboard is your primary interface for all account-related actions.
-
2
Access deposit option. Once logged in, direct your attention to the left-hand menu. Here, you'll spot the 'Deposit' option. Simply click on this to begin the deposit procedure.
-
3
Selecting payment method. Post-clicking, a comprehensive list showcasing all available payment methods will be visible. Carefully review the options, choose the one that aligns with your preference, and hit the 'Next' button to proceed.
-
4
Amount and bonus. You can now specify the deposit amount—key in your desired sum. Additionally, if the platform offers a bonus reward at the time, you can decide to avail of it. Having made your choices, proceed by clicking 'Next'.
-
5
Payment details. A detailed form will appear next, soliciting your payment specifics. Ensure you fill this out with accuracy. Once filled, click on the 'Confirm' button to solidify your deposit.
-
6
KYC verification. If you're considering depositing via PayPal or Mastercard, be aware that the platform mandates the completion of KYC verification before such transactions can be facilitated.
Expert Opinion
Close Options low minimum deposit of just $5 makes it a great starting point for absolute beginners. Being able to get started with such a small amount removes a lot of the pressure that comes with investing large sums.
I would recommend any newcomers to binary options who choose CloseOption take advantage of that low barrier to entry but to start extremely small, with individual trades of just a few dollars each. This allows you to learn the platform and understand how the markets move without the risk of losing too much money as you gain experience. Focus first on learning rather than profits.
It's also wise in the early stages to keep your overall account balance quite low so you don't feel compelled to chase losses. Always trade with money you can afford to lose and set clear risk limits. As your knowledge grows over time through practice and study, then you can feel more confident increasing your trade sizes.
CloseOption covers all the major bases with its range of deposit options and quick processing times. The diverse payment methods also make it convenient for global traders. For beginners on a tight budget, Close Options low deposit floor combined with optional bonuses offers a cost-effective chance to start understanding binary options trading. But caution and small-scale practice are still keys to building skills safely at the starting line.
FAQs
Who is the owner of CloseOption?
CloseOption is proudly registered in Georgia and operates under the umbrella of Organic Tech LLC
How long does it take to withdraw money from CloseOption?
Withdrawal requests on CloseOption are typically processed within a time frame of 1-3 business days.
How long does it take to get verified on CloseOption?
The verification process on CloseOption generally wraps up within two business days.
Is CloseOption regulated?
Indeed, CloseOption operates as a regulated binary options broker, granting traders the leverage to deal in both fiat currencies and cryptocurrencies.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).