GC Option Review 2023

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GC Option is a dedicated binary options broker with 86% payouts. Users can trade on the brand’s WebTrader Classic and Pro platforms, plus MetaTrader 4. Contract lengths range from 1 minute to 48 hours and traders can speculate on currencies, metals, and cryptos.

Our experts tested GC Option to help you decide whether to sign up with an account. Our review unpacks binary options contract specifications, from minimum trades and payouts to early closures.

GC Option Headlines

GC Option is part of Grand Capital, a global forex and CFD broker. The 15-year old company has over 750,000 clients worldwide and has picked up awards for its competitive trading conditions.

GC Option offers straightforward binary options. Clients simply decide whether the price of a security will rise or fall, with 30 assets available. If traders are correct, they receive a fixed payout, while incorrect predictions will mean foregoing the original stake.

New users can get started with a $10 minimum deposit and the broker accepts bank cards, wire transfers, electronic payment methods, and cryptocurrencies. The minimum trade size is also just $1, making the brand popular with beginners.

Assets

GC Option offers 30 assets spanning forex, metals, and digital currencies. This includes majors like EUR/USD and GBP/USD, cryptos like BTC/USD and ETH/USD, plus gold and silver.

It is worth noting that this is a relatively limited list of underlying assets. Some competitors, such as Pocket Option, offer over 130 products.

Payouts

Our experts found that the highest payout available is 86%, offered on EUR/USD. The remaining majors are available up to 85% while minors are offered at 80%. Payouts on metals and digital currencies are 60%.

Again, it’s worth noting that some binary options brokers offer higher payouts, including Quotex.

Other Contract Specifications

Contract expiries range from 1 minute to 48 hours, though it varies between supported trading platforms.

When we used GC Option, we were pleased to see an early closure feature. This means traders can get a refund of around 20% if they see their trade is going to finish out-of-the-money.

Trading Platforms

WebTrader

GC Option’s WebTrader Classic and Pro platforms are available via all major web browsers.

The web platforms are easy to use and suitable for beginners. The terminals offer one-click trading, charts from TradingView, more than 70 technical indicators, plus a market watch feature and a tool for comparing instruments.

The Pro platform supports more advanced trading features, including double-touch and break-out strategies. Sophisticated analysis tools and customisable charts are also available.

Note, only the Gold and VIP accounts provide access to WebTrader Pro.

How To Place A Trade

To place a binary trade on GC Option:

1. Select an instrument from the market watch widget on the left
2. This will open a price chart and an order window
3. In the order window, enter the trade size and contract duration
4. The possible profit should automatically update
5. Select ‘higher’ or ‘lower’ to confirm the trade

MetaTrader 4

GC Option is one of a select few binary options brokers that offer MetaTrader 4. The MT4 terminal can be downloaded to desktop devices or can be accessed through a mobile-friendly app and web solution.

MetaTrader 4 is a good option for conducting detailed analysis. The platform comes with 30 indicators, 23 analytical tools, and a range of timeframes. The MetaTrader market is also home to additional drawing tools and custom indicators.

Account Types Explained

GC Option offers three accounts:

Silver

• Investments from $10
• WebTrader Classic
• 27 trading instruments
• Free education
• Free analysis

Gold

• Investments from $100
• WebTrader Classic, Pro & MT4
• 27 trading instruments
• Free education
• Free analysis
• Trading signals

VIP

• Investments from $300
• WebTrader Classic, Pro & MT4
• 27 trading instruments
• Free education
• Free analysis
• Trading signals
• Personal analyst
• Ability to use EAs
• Risk-free trading
• 10% refund on losing trades

Demo Account

The GC Option comes with $10,000 in paper money. Traders can use the demo account to try the broker’s binary options products and test the WebTrader Classic and Pro platforms (MT4 is not available).

You can sign up for the demo account on the GC Option homepage.

Deposits & Withdrawals

GC Option supports various payment methods:

Bank Transfers

The broker accepts payments via Bank Windhoek, FNB Namibia, GTBank Nigeria, Ngan Luong, and help2pay. Mastercard and Maestro cards are also accepted. Typical processing times are between 15 minutes and 5 days.

There could be a deposit charge depending on the bank, for example, GTBank Nigeria charges 52.50 NGN. There is a 2.5% commission for Ngan Luongand and a 3% fee for help2pay.

For withdrawals, Bank Windhoek, FNB Namibia, and YES Bank charge a minimum of 5 USD or 1%. GTBank Nigeria has no withdrawal fee, but Ngan Luong charges 1%. Help2Pay takes IDR 30,000.00 / VND 50,000.00 / THB 100.00 / MYR 10.00 per settlement request.

Electronic Payments & Cryptos

GC Option accepts Bitcoin, Ethereum and Tether. The broker also supports ChipDeals MoMo, FasaPay, Growpay, PayTrust, PaylivreGateway, and Perfect Money. Typical processing times are around 15 minutes.

The broker will cover any deposit fees, however withdrawal commissions are determined by the blockchain or originating bank and can range from 0 – 1.5%.

Local Transfer Agents

Supported local transfer agents include Forex Rebate Changer (Indonesia), the Indian Exchanger (India), and Sentraegold (Indonesia). Typical processing times are between 5 minutes and 1 day.

There is no deposit fee but there may be a withdrawal charge depending on the bank.

GC Option Bonuses

GC Option offers two promotions:

• Day of risk-free trading – This is available to all account holders. Traders can choose the date the loss will be compensated for in the “Day of risk-free trading” field in the “Bonuses” section of their personal account. The promotion is available once per calendar month and a deposit needs to be made in that month. The maximum compensation is 10,000 USD.
• Commission-free deposits – This is available on all payment methods except blockchain / cryptos and bank transfers. GC Option will essentially cover any fees incurred and will credit client accounts with the amount charged.

Advantages

While using GC Option, we found several reasons to open an account:

• 30 assets covering forex, metals and cryptos
• Expiry times from 1 minute to 48 hours
• Award-winning binary options broker
• Day-of-risk-free trading promotion
• $1 minimum trade size
• Secure 2FA login
• Loss refunds
• 86% payouts

Disadvantages

Downsides of the GC Option offering include:

• No binary options on stocks
• Unregulated brand
• Withdrawal fees

Customer Support

GC Option handles customer queries via email, live chat, and a help form. The support team is open Monday  to Friday between 6:00 AM and 6:00 PM GMT.

• Phone – +1 646 844 7187
• Email – support@grandcapital.net

Opening Hours

Trading hours for all 30 trading instruments are from 01:00 – 23:00 GMT. You can view opening hours within the platform interface.

Head to the broker’s social media channels on Twitter and Facebook for news of any closures and holidays.

UK Regulation & Security

GC Option does not hold a license with the UK Financial Conduct Authority (FCA). This is standard in the binary options industry – the British regulator does not give licenses to binary brands.

GC Option is based offshore in Saint Vincent and the Grenadines and has ties to an established broker – Grand Capital. The company also offers two-factor authentication (2FA) on its trading platforms to reduce the risk of hacking and security breaches.

Final Thoughts On GC Option

GC Option is run by its parent company Grand Capital, which has more than 15 years of experience. The broker offers relatively decent payouts, opportunities on several asset classes, plus a day of risk-free trading. The availability of MetaTrader 4 is also rare among binary options brokers.

On the downside, the firm is unregulated, so prospective traders should be careful when investing online. Also, GC Option charges withdrawal fees and is less well-known that alternative binary brands.

FAQ

Compare GC Option with Other Brokers

These brokers are the most similar to GC Option:

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. IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring traders.
3. Dukascopy - Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.

GC Option Feature Comparison

GC Option Compared With Similar Brokers

	GC Option	World Forex	IQCent	Dukascopy
Rating	3.3	4	3.7	3.6
Markets	Forex, Commodities, Crypto	Forex, Stocks, Commodities, Crypto	Forex, Stocks, Commodities, Crypto	Forex, Stocks, Commodities, Crypto
Minimum Deposit	$10	$1	$250	$100
Minimum Trade	$1	0.01 Lots	$0.01	0.01 Lots
Demo Account	Yes	Yes	Yes	Yes
Regulators	-	SVGFSA	IFMRRC	FINMA, FCMC, JFSA
Bonus	-	-	20% to 200% Deposit Bonus	-
Education	No	No	No	Yes
Platforms	MT4	MT4, MT5	-	MT4
Leverage	-	1:1000	1:500	1:200
Visit
Review	GC Option Review	World Forex Review	IQCent Review	Dukascopy Review

Trading Instruments Comparison

Comparison of GC Option Trading Instruments

	GC Option	World Forex	IQCent	Dukascopy
Binary Options	Yes	Yes	Yes	Yes
Ladder Options	No	No	No	No
Boundary Options	Yes	No	No	No
CFD	No	Yes	Yes	Yes
Forex	Yes	Yes	Yes	Yes
Stocks	No	Yes	Yes	Yes
Crypto	Yes	Yes	Yes	Yes
Commodities	Yes	Yes	Yes	Yes
Oil	No	Yes	Yes	Yes
Gold	Yes	Yes	Yes	No
Copper	No	No	Yes	Yes
Silver	Yes	Yes	Yes	No
Corn	No	No	No	No
Futures	No	No	No	No
Options	No	No	No	No
ETFs	No	No	No	Yes
Bonds	No	No	No	Yes
Warrants	No	No	No	No
Spreadbetting	No	No	No	No
Volatility Index	No	No	No	No

GC Option vs Other Brokers

Compare GC Option with any other broker by selecting the other broker below.