GC Option

GC Option offers binary options on 30 assets with 86% payouts. Traders can download the popular MT4 platform or use the broker’s proprietary web terminal. Free market analysis and trading signals are also available to account holders.

This 2024 review of GC Option unpacks binary options trading conditions, from minimum trade sizes to expiry times and early closure features. We also explain how to set up a trade on the GC Option app.

About GC Option

GC Option is part of Grand Capital, a Russian-based financial brokerage best known for its forex, stocks and commodities trading accounts. The binary options trading brand has been operational for over a decade and is based in Saint Vincent and the Grenadines.

Trading at GC Option is straightforward. Users simply:

1. Pick an asset and expiry time
2. Choose how much to invest
3. Decide whether the price of the asset will increase (call) or decrease (put)

A correct prediction will see the trader’s account credited with a fixed payout, displayed as a percentage. A losing trade will lead to the trader’s account being debited with the initial stake.

New traders can choose between three live accounts, with better tools and trading conditions available as they move through the different levels. A $10,000 demo account is also offered to prospective traders.

Assets

GC Option offers binaries on 30 popular assets:

• 2 metals (gold and silver)
• 25+ forex pairs (including majors like EUR/USD)
• 8 cryptos paired with the US Dollar (including Bitcoin and Monero)

The contract lengths offered by GC Option range from 1 minute to 2880 minutes (2 days).

Payouts

Payouts start from 60% with various cryptocurrencies, climbing to a maximum of 86% on the EUR/USD pair. Most major currency pairs pay out 85%.

These payouts are fairly competitive, but some alternatives, including Quotex and Pocket Option, offer payouts of over 95%.

Traders can also end a winning binary options trade early and receive a 40% payoff, or a refund of 10% of their stake if they close a losing position early.

Platforms & Apps

Binary options traders can choose between three platforms; WebTrader Classic, WebTrader Pro, and MetaTrader 4 (MT4).

The starting profile, known as the Silver account, only offers the WebTrader Classic. Gold and VIP traders can use all three platforms.

WebTrader

Our experts found the broker’s WebTrader Classic solution the best fit for beginners. The terminal is user-friendly with straightforward navigation features.

The platform also offers one-click trading, charts powered by TradingView, 7 customizable charts and drawing tools, plus over 70 technical indicators. In addition, the terminal is home to a market watch feature and users can compare instruments and assets side-by-side.

Break-out and double-touch strategies are supported on the Pro terminal, along with more advanced analysis tools.

Both the Classic and Pro web terminals can be opened from mobile devices.

MetaTrader 4

MetaTrader 4 is one of the most popular retail trading platforms.

Available as a software download to computers and mobile apps, or accessible via major web browsers, MT4 offers rich charting analysis features. The platform is home to 30 built-in indicators, 23 analytical objects, and 9 timeframes. EAs are also supported, alongside trading signals from other investors.

In addition, the MetaTrader marketplace is home to hundreds of other indicators and plug-ins that can enhance the user experience.

How To Place A Trade

To enter a binary options trade on the WebTrader Classic platform:

1. Select the asset you wish to speculate on using the instrument drop-down list
2. Use the ‘+’ and ‘-‘ buttons to enter your investment amount
3. Toggle the contract expiry time, from 1 minute to 30 minutes
4. Check the potential payout offered, shown as a dollar amount
5. Select the up or down icons to confirm the direction of the trade

Note, you can view the details of open orders by selecting ‘show all orders’.

GC Option Accounts

Three live accounts are available; Silver, Gold and VIP.

The type of profile a trader qualifies for is determined by the amount they deposit.

Silver Account

• $10 minimum deposit
• Free trading education
• Free market analysis
• WebTrader Classic platform

Gold Account

• $100 minimum deposit
• Free trading education
• Free market analysis
• Trading signals
• Integrated platform tools
• WebTrader Classic, Pro and MT4 platforms

VIP Account

• $300 minimum deposit
• Free trading education
• Free market analysis
• Trading signals
• Integrated platform tools
• WebTrader Classic, Pro and MT4 platforms
• 10% cashback on unsuccessful trades
• Personal analyst
• EA support
• Risk-free trades

Demo Account

GC Option also offers risk-free binary options trading through a demo account.

The paper trading profile comes with a $10,000 virtual bankroll and can be used to test the brand’s WebTrader platform. The MT4 platform is not available in the demo trading environment.

When we used the GC Option demo account, we could practice high/low binary options strategies and view market analysis.

Overall, the paper trading profile is a good place to start for investors unsure about opening a live account.

Deposits & Withdrawals

Binary options traders can use a range of payment methods to fund their GC Option account, with the company accepting bank transfers from several African banks, as well as cryptocurrencies, e-wallets, and debit/credit cards.

Customers can deposit via Bitcoin, Ethereum, and Tether. Traders can also use Perfect Money, PayTrust, FasaPay, GrowPay and other digital payment solutions. In addition, Visa and Mastercard are accepted.

Most digital payment solutions and bank cards facilitate fee-free deposits in 15 minutes, while wire transfers can take 3 to 5 days and incur a small charge.

Withdrawals can be made using the same methods as deposits, with payments to electronic systems taking up to 3 days, and withdrawals to banks taking 3 to 5 days.

Our experts were disappointed to see that withdrawals normally come with a charge of between 1% and 4.5%.

Promotions & Bonuses

There are several benefits available to traders who invest at least $300 into a GC Option binary options account. In the majority of cases the most significant will be the 10% refund on failed trades the month the $300 deposit is made.

Another of GC Option’s VIP benefits is what they call a “risk-free” trading day – one day in the calendar month when they are allowed to recuperate all their losses from binary options trading, which will be paid into their account as a bonus.

However, the amount refunded into a trader’s account cannot simply be withdrawn. The account’s trading volume must exceed the bonus amount by 40 times before the customer can withdraw the money.

Regulation & Reputation

GC Option is not overseen by any major regulator. Instead, like several similar brokers, GC Option is overseen by the International Financial Commission, or FinaCom.

This Hong Kong-based organization puts itself across as an unbiased third-party mediator for broker-customer disputes, and many large brands have signed up to it.

As outlined above, GC Option is also part of the Grand Capital umbrella. A well-known CFD and forex broker, Grand Capital has 40 locations and clients in major trading jurisdictions. This is a good sign that the broker is legitimate.

Pros Of Trading Binaries At GC Option

• 86% payouts
• Trading signals
• Early trade closures
• $1 minimum trade size
• MetaTrader 4 integration
• Free education and market analysis
• 1-minute to 48-hour contract lengths
• Multiple payment methods accepted, including cryptos

Cons Of Trading Binaries At GC Option

• Limited regulatory oversight
• Narrow range of underlying assets
• Withdrawal charges
• $300 inactivity fee

Safety & Security

GC Option uses two-factor authentication at the login stage, which can be done through a QR code or using an external app such as Google authenticator.

Traders will also need to submit copies of their ID documents to comply with the broker’s KYC/AML protocols.

Customer Service

Binary options traders can contact the GC Option customer service department through a US-coded phone number, +1 646 844 7187.

A multilingual live chat service is also available via the broker’s website. Alternatively, clients can email support@grandcapital.net.

For company updates, plus the latest bonuses and promos, keep an eye on GC Option’s Twitter and Facebook pages.

Should You Trade Binary Options With GC Option?

GC Option offers fairly decent payouts and tempting benefits for high-tier members, including early trade closures. The integration with MetaTrader 4 also helps it stand out among binary options brokers. However, the limited range of assets, withdrawal charges, plus the hefty monthly inactivity fee are notable drawbacks.

Overall, GC Option is a good choice if you want access to MetaTrader 4, trading signals, and market insights. Its connection to the established Grand Capital brand also give it credibility.

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