BrokersView has Reviewed that Close Option is an Unregulated Broker CloseOption claims to be a Georgian-based company, supposedly registered with the number D86708031 and licensed by the National Bank of Georgia. However, this country has no rules to regulate foreign exchange. The truth is that CloseOption is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Close Option is a scam. Am I right? 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. View Source