GC Option vs Quotex
GC Option or Quotex – which is better for UK traders 2024? Compare GC Option and Quotex in this detailed breakdown of their platforms, features and fees.
| GC Option | Quotex |
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| GC Option is ranked #11 among binary options brokers. | Quotex is ranked #11 among binary options brokers. |
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GC Option has closed or no longer accepts UK clients.
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. |
Quotex has closed or no longer accepts UK clients.
Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries. |
| Pros | |
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| Cons | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Binary Options on Forex, Metals and Cryptos | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $10 |
| Payment Methods | |
| Minimum Trade | |
| $1 | $1 |
| Mobile Apps | |
| iOS, Android + Huawei | iOS & Android |
| Trading App | |
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. |
Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders. |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | No |
| MetaTrader 4 | |
| Yes | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| 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 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | No |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | Daily Trading Signals |
| 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 | |
| $0 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
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| Forex | |
| 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. | You can trade binaries on 20+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than leading competitors but payouts are reasonable, climbing to over 80% on the EUR/USD during testing. |
| Assets | |
| 25+ | 20+ |
| GBPUSD Spread | |
| Variable | N/A |
| EURUSD Spread | |
| Variable | N/A |
| EURGBP Spread | |
| Variable | N/A |
| 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. | Quotex only offers binary options trading on a handful of cryptos. Yet while the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average based on routine tests. |
| Spread | |
| Variable | N/A |
| Coins | |
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| 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. | Quotex continues its streak near the top of the industry with ultra-short-term binaries on hundreds of assets. The binary broker provides a web platform that delivers a terrific user experience with a clean design, multiple charting styles, dozens of indicators and daily signals. |
| Payout | |
| 86% | 98% |
| Expiration Times | |
| 1 minute - 48 hours | 5 seconds - 4 hours |
| Boundary Options | |
| Yes | No |
| Ladder Options | |
| No | No |
| GC Option | Quotex |
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