CloseOption Review
CloseOption focuses on accessibility — a $5 minimum deposit, no KYC for small accounts, and weekly free-entry trading contests with real prize pools have made it a popular sandbox broker for newcomers.
Min. deposit
$5
Max. payout
95%
Regulation
St. Vincent & the Grenadines
Available in
Global (excl. US, Canada, EU)
Pros & cons
Pros
- Only $5 to start
- Weekly free contests with real prizes
- Same-day crypto withdrawals
- No KYC for small accounts
Cons
- Offshore regulation only
- No dedicated mobile app
- Smaller asset selection
Who is it for?
Beginner traders who want to test live conditions through free weekly contests with real cash prizes.
Fees
No deposit or withdrawal fees.
Minimum deposit
CloseOption requires a minimum deposit of $5. Funding methods include Bitcoin, Ethereum, Perfect Money, WebMoney, Visa.
Withdrawals
Same-day on crypto
Supported assets
Execution speed
~0.3s average
Frequently asked questions
Are the contests really free?
Yes — CloseOption runs free weekly tournaments with cash prizes that can be withdrawn after a small trading volume.
Our verdict on CloseOption
CloseOption is best for free contests. With a $5 minimum deposit and payouts up to 95%, it's a solid choice for traders aligned with that profile.
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