GC Option Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

3.3 / 5
GC Option is #9 in our binary options broker rankings.
$10
MT4, TradingView
Binary Options on Forex, Metals and Cryptos
USD, EUR, INR, MYR, IDR, NGN
Wire Transfer, Credit Card, Debit Card, Mastercard, Bitcoin Payments, Ethereum Payments, FasaPay, Perfect Money, Paytrust, Maestro, AstroPay, PayRedeem

Pros

  • MetaTrader 4 and proprietary WebTrader platforms
  • Low minimum deposit requirement of $10
  • Spin-off brokerage of reputable Grand Capital

Cons

  • Limited educational resources
  • Withdrawal fees for some payment methods
  • Poor regulatory oversight reducing safety score

GC Option Review

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.

Company Details

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.

Trading Platforms

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

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.

WebTrader

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:

GC Option broker review
GC Option WebTrader Pro

How To Place A Binary Options Trade

Trading binary options with GC Option is straightforward:

  1. Register for a new profile and log in to your trading account
  2. Choose a platform – download MT4 or open the WebTrader solution
  3. Select the asset/market you wish to trade using the list of instruments on the left-hand side of the platform
  4. Specify the investment amount (from $1)
  5. Add the expiration time (1 minute to 48 hours)
  6. Choose the direction of price movement (up or down)
  7. Review the potential payout and loss
  8. Confirm the trade
GC Option review
Placing A Trade

Assets & Markets

GC Option offers binary options on 30+ assets:

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.

Contract Specifications

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%.

Payouts Explained

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.

Mobile App

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.

Payment Methods

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

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.

Credit/Debit Cards

Withdrawals made via credit/debit cards can take up to three days. A fee of 3 – 4.5% applies.

Cryptocurrencies

Withdrawal fees and processing times also vary depending on the blockchain.

Electronic Payment Systems

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.

GC Option binary options trading
WebTrader Classic

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.

Additional Features

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.

Supported Strategies

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.

Account Types

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.

Silver

Gold

VIP

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.

Trading Hours

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.

Customer Service

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:

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.

FAQs

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.

Top 3 Alternatives to GC Option

Compare GC Option with the top 3 similar brokers that accept traders from your location.

  1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering 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.

  2. Pocket Option – Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

  3. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

GC Option Comparison Table

Compare GC Option With Similar Brokers
GC Option World Forex Pocket Option Videforex
Rating 3.3 4 4.2 3.4
Markets Binary Options on Forex, Metals and Cryptos Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $1 $50 $250
Minimum Trade $1 0.01 Lots $1 $0.01
Regulators SVGFSA MISA
Bonus Risk Free Trading Days 100% Deposit Bonus 50% Deposit Bonus 20% to 200% Deposit Bonus
Education No No No No
Platforms MT4, TradingView MT4, MT5 Web, MT4, MT5 TradingView
Leverage 1:1000 1:500
Payment Methods 12 10 13 8
Visit Visit Visit Visit
Review World Forex
Review
Pocket Option
Review
Videforex
Review

Compare Trading Instruments

Compare the markets and instruments offered by GC Option and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare GC Option Trading Instruments
GC Option World Forex Pocket Option Videforex
Binary Options Yes Yes Yes Yes
Expiry Times 1 minute – 48 hours 1 minute – 7 days 5 seconds – 4 hours 5 seconds – 1 month
Ladder Options No No No No
Boundary Options Yes No No No
CFD No Yes No Yes
Forex Yes Yes Yes Yes
Stocks No Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No No Yes
Silver Yes Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No No No Yes
Options No No No No
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

GC Option vs Other Brokers

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