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ANSWER Based on its regulatory status, Close Option is a scam.While it claims that it is licensed by the National Bank of Georgia, it remains unregulated. BrokersView has confirmed that Georgia has no rules for forex trading. Therefore, Close Option operates without oversight.As such, it is highly risky to deal with Close Option as there are no regulatory body to protect its clients. If any violation happens, no rules and laws can safeguard investors' interests. Therefore, we strongly suggest investors stay away from unregulated brokers like Close Option and choose a fully regulated one to mitigate such risks.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.