Company DetailsTrading PlatformsMetaTrader 4WebTraderHow To Place A Binary Options TradeAssets & MarketsContract SpecificationsPayouts ExplainedGC Option FeesMobile AppPayment MethodsBank Wire TransfersCredit/Debit CardsCryptocurrenciesElectronic Payment SystemsDemo Account ReviewDeals & PromotionsRegulation & ReputationAdditional FeaturesSupported StrategiesAccount TypesSilverGoldVIPBenefitsDrawbacksTrading HoursCustomer ServiceSecurity & SafetyGC Option VerdictAccepted CountriesCompare GC OptionGC Option Comparison TableCompare Trading InstrumentsGC Option vs Other BrokersFAQIs GC Option Regulated?What Is The Minimum Deposit At GC Option?What Binary Options Assets Does GC Option Offer?What Payouts Does GC Option Offer?What Trading Platforms Do GC Option Offer?
GC Option is a binary options broker offering trading opportunities on MetaTrader 4 (MT4) and two proprietary WebTrader terminals. Users can access payouts of up to 86% with trades from $1.
This GC Option review will unpack minimum deposits, account options, and underlying assets. Our experts also explain how to make a binary options trade on the GC Option platform.
GC Option was founded in 2012 and is registered in Saint Vincent and the Grenadines. The binary options broker is a spin-off of the global forex and CFD broker, Grand Capital.
GC Option offers easy-to-understand binary options on 30 popular assets, including currency pairs, precious metals, and cryptocurrencies. Traders simply need to select an asset and expiry time, decide how much to invest, and choose whether the price will go up (call) or down (put).
New users can choose between three live accounts, with better trading tools, signals, and refunds on unsuccessful trades as they move through the account tiers. A paper trading profile with $10,000 is also available to prospective traders.
GC Option offers three trading platforms; MetaTrader 4 (MT4), plus proprietary WebTrader Classic and WebTrader Pro terminals.
Gold and VIP accounts provide access to all three terminals. The Silver profile enables trading on the WebTrader Classic platform only.
MetaTrader 4 (MT4) is available for free download to desktop devices (Windows and Mac). Alternatively, traders can access the terminal via major web browsers or the iOS and Android mobile apps.
For experienced investors, MT4 is the best choice given its suite of technical indicators and analysis features. Though not typically used for binary options trading, MT4 comes with 23 analytical objects, 30 integrated indicators, and 9 timeframes.
MetaTrader also offers an extensive library and marketplace with thousands of custom indicators and add-ons.
The broker’s bespoke WebTrader terminals can be used online, with no download requirement.
When we used GC Option’s web platforms, we were pleased with the stability, execution speeds, and simple user navigation. However, WebTrader Pro would be our first choice given its particularly user-friendly layout and advanced features. Traders benefit from:
Custom timeframe view
Market watch functionality
Instrument comparison tool
Break-out and double-touch supported
Seven customizable chart types with drawing tools
70+ technical indicators including ATR, MACD, and RSI
GC Option WebTrader Pro
How To Place A Binary Options Trade
Trading binary options with GC Option is straightforward:
Register for a new profile and log in to your trading account
Choose a platform – download MT4 or open the WebTrader solution
Select the asset/market you wish to trade using the list of instruments on the left-hand side of the platform
Specify the investment amount (from $1)
Add the expiration time (1 minute to 48 hours)
Choose the direction of price movement (up or down)
Review the potential payout and loss
Confirm the trade
Placing A Trade
Assets & Markets
GC Option offers binary options on 30+ assets:
2 precious metals; Gold and Silver
25+ currency pairs including EUR/GBP, GBP/USD, and CAD/JPY
8 crypto USD crosses including Bitcoin, Ethereum, and Binance Coin
Note, clients can only trade binary options at GC Option. Consider the brand’s partner brokerage, Grand Capital, for traditional investment opportunities, such as leveraged CFDs.
Nil – 0% (cancelled)
Loss – Lose full investment
Duration Period – Every five minutes
Minimum Duration Time – 1 minute
Maximum Duration Time – 48 hours
Win – Up to 86% (payouts by instrument listed below)
You can also close a contract early if your prediction was incorrect, or if it is moving towards a negative return. In this case, a part of the contract cost is refunded, typically in the region of 20%.
GC Option offers payouts of up to 86%. Major currency pairs, including GBP/USD, EUR/GBP and USD/CAD, are offered at 85%. EUR/USD is the only instrument with a payout of 86%. Some minor currency pairs, such as EUR/CHF, are offered at 80%. Metals and cryptocurrencies come with lower payouts of around 60%.
Payouts are competitive, though some other binary brokers, such as IQ Option, offer higher payouts of 100%+.
GC Option Fees
GC Option does not charge commission fees when you open a binary options trade. Your initial investment/stake is the only charge involved.
With that said, withdrawal fees apply. More details can be found in the ‘Payment Methods’ section below.
GC Option does not offer a proprietary mobile app. Nonetheless, the broker’s bespoke trading platforms can be accessed via mobile devices. When we used the WebTrader on smaller screens, we found it challenging to view graphs/charts and open new orders, though it is fine for account management and ad-hoc order placement.
MetaTrader 4 is also available as a mobile application. It can be downloaded to iOS, Android, and Huawei devices and offers all the features found on the desktop terminal. This includes one-click trading and customizable charts.
GC Option supports a range of established and local payment methods. Minimum deposit requirements vary by account status, though the Silver profile can be opened with just $10.
Bank Wire Transfers
help2pay – VND, IDR, THB, and MYR currencies, 15-minute processing time, 3% fee
Ngan Luong – VND and USD currencies, three to five day processing time, 2.5% fee
FNB Namibia – NAD currency, three to five day processing time, fees vary by bank
Bank Windhoek – NAD currency, three to five day processing time, fees vary by bank
GTBank Nigeria – NGN and USD currencies, three to five day processing time, 52.50 NGN fee
Withdrawals via bank wire transfer also have a three to five day processing time. Commissions of up to 1% apply. help2pay has an IDR 30,000.00 or equivalent currency charge.
MasterCard and Maestro – USD and RUB currencies, 15-minute processing time, fees waived by Grand Capital
Withdrawals made via credit/debit cards can take up to three days. A fee of 3 – 4.5% applies.
Bitcoin, Ethereum, ERC20 and TRC20 – Processing times vary by blockchain confirmation requirements, no fees
Withdrawal fees and processing times also vary depending on the blockchain.
Electronic Payment Systems
Grow Pay – USD currency, 15-minute processing time, fees waived by Grand Capital
ChipDeals MoMo – XAF currency, 15-minute processing time, fees waived by Grand Capital
PaylivreGateway – USD currency, 15-minute processing time, fees waived by Grand Capital
FasaPay – USD and IDR currencies, 15-minute processing time, fees waived by Grand Capital
Perfect Money – USD and EUR currencies, 15-minute processing time, fees waived by Grand Capital
PayTrust – IDR, THB, MYR, and VND currencies, 15-minute processing time, fees waived by Grand Capital
Withdrawal fees vary by payment method, however they can reach 1.5%. Allow three days for fund processing.
Demo Account Review
You can practice binary options trading risk-free on the GC Option demo account. Access $10,000 in virtual funds and learn platform features and functionality before investing your own money. We were able to open and close positions, view live price quotes, plus use trading signals and analysis features.
Note, MT4 is not available with the demo account. Access to MT4 is only available in real-money trading to users that hold Gold or VIP status.
Deals & Promotions
GC Option runs a ‘Day of Risk-Free Trading’ promotion. Within a 31-day period, retail investors can select one trading day to receive compensation for all accumulated losses. The value of the losses will be granted as a bonus but will not exceed $10,000.
It is worth noting that bonus funds (the compensation from the losses), as well as deposited funds, will only be available for withdrawal once the total trading volume exceeds the bonus amount 40 times over.
Regulation & Reputation
GC Option is registered in Saint Vincent and the Grenadines but is not regulated by a trusted financial authority. However, this is common in the binary options market given the challenging regulatory environment.
GC Option is also part of the Grand Capital Group – a well-known online broker. This is a promising sign that the binary options broker is legitimate.
While using GC Option, we were disappointed with the lack of educational content and resources available. It would be good to see step-by-step platform guides, binary options trading tutorials, and basic terminology explained for beginners.
Our experts found the broker’s proprietary WebTrader Pro platform supports the breakout strategy and the double-touch system.
The breakout strategy involves finding a price range or level that the price of the underlying asset will ‘breakthrough’. Breakouts can be traded in both directions.
The double-touch strategy involves selecting upper and lower price barriers above and below the current market price which the price of the underlying asset may hit before expiration.
GC Option offers three live accounts; Silver, Gold, and VIP.
The profile structure is based on account balance size, varying from $10 to $300. The higher the investment value, the more trading services and analytical resources are unlocked.
WebTrader Classic only
Minimum deposit of $10
Minimum deposit of $100
WebTrader Classic, WebTrader Pro and MT4
Minimum deposit of $300
10% refund for unsuccessful trades
WebTrader Classic, WebTrader Pro and MT4
How To Open A GC Option Account
Select the ‘sign in/register’ logo at the top right of each webpage. Enter your name, email address, and contact number. Password details will then be sent to the registered email address.
You will also need to upload identity verification documents and choose an account status. The higher your status, the better the trading conditions.
Advantages to trading binary options with GC Option include:
24/7 live chat
30 trading assets
Payouts up to 86%
Free demo account
No commission fees
Spin-off brokerage of Grand Capital
Low minimum deposit requirement of $10
MetaTrader 4 and proprietary WebTrader platforms
Downsides to registering with GC Option include:
Limited educational resources
Withdrawal fees for some payment methods
Binary options can be traded between 1 AM and 11 PM Monday to Friday. The platform server time operates on GMT+2 and GMT+3 (DST).
Keep an eye on the contract specifications page on the broker’s website for details of any changes or upcoming amendments to trading times.
GC Option offers 24/7 multilingual customer support via live chat. Alternatively, you can contact the binary options broker Monday to Friday 6 AM – 6 PM GMT through:
Telephone – +1 646 844 7187
Email – firstname.lastname@example.org
You can also find GC Option on social media sites including Twitter and Facebook. These are good places to find frequently asked questions and the latest company updates.
Security & Safety
All trading platforms offer robust security features, including two-factor authentication (2FA) account login security. GC Option also complies with AML and KYC protocols, so identity verification is required to access the full catalog of trading services and to request withdrawals.
GC Option Verdict
GC Option is a beginner-friendly binary options broker with a range of contract expiries and competitive payouts. The brand has a solid 15-year history as a spin-off from the Grand Capital forex broker. The availability of MetaTrader 4 also helps it stand out in the binary options trading space.
GC Option accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use GC Option from United States, Japan.
Compare GC Option
Compare GC Option with similar brokers that accept traders from your location. Among available brokers these are the most similar to GC Option:
World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Quotex – Quotex offers a proprietary web platform that has digital options and trading signals.
Focus Option – Focus Option specializes in digital options and leveraged CFDs. The broker offers a web platform and downloadable mobile app, alongside four account options.
RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
GC Option Comparison Table
|Forex, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto|
|Risk Free Trading Days||100% Deposit Bonus||30% deposit bonus||–||Trading contests & prize giveaways|
|–||GC Option vs World Forex||GC Option vs Quotex||GC Option vs Focus Option||GC Option vs RaceOption|
Compare Trading Instruments
|1 minute – 48 hours||1 minute – 7 days||1 minute – 4 hours||30 seconds – 1 week||30 seconds – 1 month|
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Is GC Option Regulated?
No – GC Option is not regulated by a major financial body. The brokerage is registered in Saint Vincent and the Grenadines and has ties to the established forex broker – Grand Capital.
What Is The Minimum Deposit At GC Option?
The GC Option minimum deposit requirement varies by account type, starting from just $10 with the Silver profile, climbing to $100 with the Gold account, and $300 with the VIP profile. The minimum trade size is $1.
What Binary Options Assets Does GC Option Offer?
Users can trade binary options contracts on 30+ instruments, including currency pairs, precious metals, and cryptocurrencies. Stocks are not provided.
What Payouts Does GC Option Offer?
GC Option offers payouts of up to 86%. However, this does vary by instrument with major currency pairs offered at an average of 85%. Metals and cryptocurrencies are offered at 60%.
What Trading Platforms Do GC Option Offer?
Traders can access the industry-renowned MetaTrader 4 or proprietary WebTrader Classic and WebTrader Pro terminals. Not many binary options brokers offer MT4 so this is a key selling point for investors looking for a familiar platform.