CloseOption Legality & Safety in India

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Regulation Status

• CloseOption is registered in Georgia and operates under the supervision of the National Bank of Georgia (license number B2-08/3647).
• However, the National Bank of Georgia is not considered a top-tier or globally recognized financial regulatory authority for trading and investment services.
• CloseOption is not regulated by major financial authorities such as the UK’s Financial Conduct Authority (FCA), the U.S. Securities and Exchange Commission (SEC), or the Australian Securities and Investments Commission (ASIC).

Trustworthiness and Safety

• CloseOption has established its presence in the trading industry since 2013 and is accessible in many countries, though certain regions are excluded.
• Independent brokerage safety experts and reputable review sites state that CloseOption is not a trusted broker due to its lack of regulation by financial authorities with strict, internationally recognized standards.
• If clients encounter issues such as scams or withdrawal problems, they may have few legal options for recovery or recourse due to the lack of top-tier regulation.

Overview Table

Criteria	CloseOption
Regulatory Authority	National Bank of Georgia (not a top-tier global regulator)
Global Recognition	No
Top-Tier Regulation	No
Trust and Safety	Considered low; experts do not recommend it for safety reasons
Accessibility	Available in many countries (with significant exclusions)

Conclusion

CloseOption is not regulated by a top-tier authority and is therefore not considered highly trustworthy or safe by industry experts and safety reviewers. If you are seeking maximum security for your funds and legal protection, it is advisable to use a broker regulated by a well-known and stringent financial authority.