GC Option vs IQCent

GC Option vs IQCent Comparison Table 2024
GC Option	IQCent
Review 3.3	Review 3.7

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.	IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
Customer Reviews
	3.7 Based on 3 IQCent customer reviews
Bonus Offer
Risk Free Trading Days	20% to 200% Deposit Bonus
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."	"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
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	The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92% The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests There's an accessible $0.01 minimum stake for new day traders with a small budget Keen traders can take part in trading contests with cash prizes
Cons
Poor regulatory oversight reducing safety score Withdrawal fees for some payment methods Limited educational resources No binaries on stocks No copy trading	IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks The broker is not overseen by a respected regulator, though this is common among binary options firms IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month The market analysis is very basic with limited technical summaries and insights from analysts There's no automated trading support for algo traders
Awards
	Best Binary Broker 2023 - DayTrading.com
Instruments
Binary Options on Forex, Metals and Cryptos	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$250
Trading Platforms
MT4 TradingView	Online Platform TradingView
Payment Methods
AstroPay Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Maestro Mastercard PayRedeem Paytrust Perfect Money Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer
Minimum Trade
$1	$0.01
Regulator
	IFMRRC
Margin Trading
No	Yes
STP Account
No	No
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
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.	IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
Android App Rating
3	4.1
iOS App Rating
3	4.3
Auto Trading
Expert Advisors (EAs) on MetaTrader	No
Copy Trading
No	Yes
Copy Trading Platform
	A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable.
Social Trading
No	Yes
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	No
Account Currencies
USD EUR INR MYR IDR NGN	USD EUR
Commodities
Gold Silver	Copper Gold Oil
CFD Trading
CFD trading not offered	CFDs are available on forex, indices, commodities and cryptos, although the range of 100+ instruments is limited compared to alternatives such as Quotex with 400+. Leverage is available up to 1:500 but the $250 minimum deposit is noticeably higher than competitors.
Leverage
	1:500
FTSE Spread
	1.4
GBPUSD Spread
	0.8
Oil Spread
	0.05
Stocks Spread
	N/A
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.	IQCent traders can access CFDs or binary options on 45+ forex pairs. CFD spreads start from 0.3 pips and binary options payouts are decent up to 95%. This is competitive compared to Pocket Option, for example, offering forex payouts up to only 81%.
GBPUSD Spread
Variable	0.8
EURUSD Spread
Variable	0.3
EURGBP Spread
Variable	0.8
Assets
25+	49
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.	IQCent offers 17 crypto pairs through its proprietary terminal, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is capped at 1:10, whilst binary options payouts vary by token but remain competitive. OTC assets, for example, pay out up to 95%.
Spread
Variable	Variable
Coins
BTC BCH BNB ETH ETC XMR ZEC DSH	BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR 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.	IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks.
Payout
86%	98%
Expiry Times
1 minute - 48 hours	5 seconds - 1 month
Ladder Options
No	No
Boundary Options
Yes	No

Review	Review
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