GC Option vs ForexTB

GC Option vs ForexTB Comparison Table 2024
GC Option ForexTB
3.3
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.

ForexTB is a CySEC-regulated multi-asset broker offering CFDs on more than 300 instruments through an intuitive web-based platform or MetaTrader 4. Competitive spreads are available to top-tier account holders with zero commissions. This broker also offers some attractive extra features including daily trading signals and comprehensive educational content.

Bonus Offer
Risk Free Trading Days
Comment by Reviewer
"Binary options traders who favor the MetaTrader 4 platform should try out GC Option. The double-touch contracts and selection of expiry times offer a good range of trading opportunities." "ForexTB is best for CFD traders with larger amounts of capital who can access the VIP account and more competitive pricing."
Pros
  • MetaTrader 4 and proprietary WebTrader platforms
  • Spin-off brokerage of reputable Grand Capital
  • Low minimum deposit requirement of $10
  • Double-touch binaries available
  • 30 popular trading assets
  • No commission fees
  • Free demo account
  • Payouts up to 86%
  • 24/7 live chat
  • Full range of investments including stocks, indices, forex, cryptos, commodities and ETFs
  • CFD trading tips, webinars and glossary
  • Daily signals and financial news
  • Automated trading supported
  • Rich education centre
  • Free demo account
  • MT4 trading platform
  • Trading Central
Cons
  • Poor regulatory oversight reducing safety score
  • Withdrawal fees for some payment methods
  • Limited educational resources
  • No binaries on stocks
  • No copy trading
  • Withdrawal fees on some methods
  • Limited customer support hours
  • Fairly wide spreads on some assets
  • Lack of copy trading
  • $20 inactivity fee
Instruments
Binary Options on Forex, Metals and Cryptos Forex, ETFs, CFDs, Indices, Shares, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $250
Trading Platforms
  • MT4
  • TradingView
  • MT4
  • TradingCentral
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
CySEC
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android + Huawei iOS & Android
App Review

Similar to most binary brands, GC Option doesn’t offer a stand-alone app. Instead, you can make short-term trades directly through mobile browsers. The mobile trading environment is average – charts are a little fiddly to use effectively. Ultimately, it’s fine for account management, but it doesn’t compete with industry frontrunners.

Android App Rating
3
iOS App Rating
3
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$20
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • INR
  • MYR
  • IDR
  • NGN
  • USD
  • EUR
  • GBP
  • JPY
  • RUB
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered ForexTB CFDs are available on forex, commodities, indices, stocks, ETFs and cryptocurrencies, covering 300+ markets in total. The leverage available varies by instrument to a maximum of 1:30 as per EU regulations. Spreads are variable, with no raw spread account available.
Leverage
1:30 (Retail), 1:400 (Professional)
FTSE Spread
$0.02
GBPUSD Spread
1.8 pips
Oil Spread
$0.08
Stocks Spread
Variable
Forex Trading
Trade binary options on 25+ forex pairs including a range of majors and minors, as well as precious metals paired with USD. Payouts top 80% and users can analyze market movements on the hugely popular MT4 platform and app. ForexTB offers CFDs on 50 forex pairs, most of which are crosses with USD, EUR, GBP or AUD. Spreads are wide for basic account holders, who are offered 3 pips on EUR/USD, but the top VIP members are offered the more competitive 1.6 pips on the same pair. All accounts are commission free, with no raw spread option.
GBPUSD Spread
Variable From 2.0
EURUSD Spread
Variable From 1.6
EURGBP Spread
Variable From 1.8
Assets
25+ 50
Cryptocurrency
Trade popular crypto tokens using straightforward binary options products. Decide whether the price of tokens like Bitcoin will rise or fall with a minimum stake of just $1. ForexTB traders can dip into cryptocurrency markets with around 25 crypto CFDs, paired with USD, EUR and GBP. The tokens available include Bitcoin, Ethereum, Dash, and Litecoin. This is not the widest range of cryptos, but the chance to trade with 1:3 or 1:5 leverage may attract traders.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • BNB
  • ETH
  • ETC
  • XMR
  • ZEC
  • DSH
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • DSH
  • BCH
  • ADA
  • DOGE
  • XLM
  • DOT
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
GC Option offers beginner-friendly binary options with 86% payouts and opportunities on forex, metals and cryptocurrencies. The broker stands out for its market-leading trading software and access to short-term opportunities with contracts spanning 60 seconds to 48 hours. Binary options trading not offered
Payout
86%
Expiry Times
1 minute - 48 hours
Ladder Options
No No
Boundary Options
Yes No
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