GC Option is a binary options broker with 15 years of market experience, claiming this method as the most popular way of making high profits with minimum effort, a statement we fundamentally disagree with. Legally, the firm is based in Saint Vincent and the Grenadines and Seychelles, yet lacks a license. It’s associated with the forex broker Grand Capital, which seems to have created a separate legal entity for binary options services. Our review will help you decide whether it’s a trustworthy organization or not to be risked with.
How to Trade
GC Option offers traders 27 trading instruments and classic Call/Put, where one predicts the price direction within a set time. The minimum expiration is 1 minute, a deposit from $10, and a minimum deal of $1. Profitability can reach 86%.
The broker has three tariff plans:
- Silver. From $10, includes Webtrader Classic, a basic set of assets, free training, and analytics.
- Gold. From $100. Adds trading signals, access to WebTrader Pro and MT4, plus analytical tools.
- VIP. From $300. Offers a personal analyst, auto-trading, risk-free trades, and a 10% refund.
Newcomers can test the service with a demo account. The broker also offers bonus promotions and an affiliate program.
GC Option Vital Info
The firm everywhere claims to have 15 years of experience. If we consider the forex broker Grand Capital, it is true, but GC Option was clearly not launched so long ago. The domain of the broker’s official site, focused on binary options, was registered only in 2019, so there can be no talk of 15 years. This results in some slight misrepresentation.
Legally, the firm is registered in Saint Vincent and the Grenadines, and also in the Seychelles. Meanwhile, parent company Grand Capital has a license from the Financial Commission, but GC Option does not possess any licenses. It should be considered that the trader signs an agreement precisely with the binary broker, which has no regulation, despite the connection with the main legal entity.
At least, it's a safe broker. You can entrust GC Option with any amount of money, and the company will definitely return it. You can earn big money and not worry about whether the firm will pay out, because yes, it will. The broker does not engage in fraud, has been in the market for a long time, and is a well-known brand. Now the firm is focused on Africa, CIS, and Asia, as it was expelled from Europe. But this does not mean that the service has become bad, or that the activity is fraudulent. Not at all, it was an honest and transparent broker. And now it is also honest and transparent.
Better not to risk it. That platform can pull any trick. Moreover, among experienced traders, Grand Capital doesn't have a very good reputation. Experienced forex traders have long left this platform because of the constant problems it causes its traders. So I recommend finding a more cool and profitable broker in the binary options industry.
GC Option is not a leader in this market. There are unfavorable conditions here and big doubts about the platform's honesty. They can easily “draw” the charts as it benefits them. So I recommend not to mess with this, there is a high risk of losing all your money.
Offshore registration, no license, lots of negative reviews - and you want to trade here? Are you an idiot or what? Why guaranteed to drain your money? What a nonsense?
I see no point in trading with GC Option. Why? These are binary options, where you can't make money in the long run. You may be lucky, and you win money, but doing it constantly is impossible. Alas, but that's the harsh truth. So if you trade binary options, then stop doing it. Don't, you'll definitely blow the entire deposit.
The broker might be playing fair. But you are still going against the math. Your win is less than your loss. And that's the whole problem with binary options. Withdraw money from the GC Option faster.
The best decision is not to cooperate with gc option. Why? Firstly, a negative reputation. There are many negative reviews from experienced and knowledgeable traders. They recommend avoiding this platform and not risking your money. Secondly, offshore registration. The organization is legally based offshore – it is a negative factor. Thirdly, zero guarantees. What guarantees can there be from such a firm? None! I see no point in cooperating with such a scam and fraud firm.
Hello! Can you tell me if the company can be trusted? The domain gcoption.com seems quite fresh, and there are very few reviews about gcoption on the internet. I am afraid that the platform will turn out to be a scam, and I will lose money. That's why I'm asking, because I don't want to fall for a typical scam. Although I see and understand that the firm seems to belong to some broker who has been in business for 15 years or more. But is it true? I myself do not know how to check such information, so I ask for advice. I will be glad to read reviews from experienced users and to see evidence. I will consider any points of view, both for and against trading here.
They call on the phone, send spam – these are attempts to lure money out of you. Once you transfer money to the scammers, that's the end. The end of your deposit. The money goes one way, a refund is impossible.
GC Option is a den of scammers and crooks, with enormous greed and endless mouths that want more and more client money. I strongly advise against playing binary options. You have no chance. I once lost $15,000 here and I deeply regret it.
Well, three months have passed since I've been trading on the GC Option platform. This firm was recommended to me by an old acquaintance who has been here for over a year. I'll note both pros and cons.
Let's start with the pros. Withdrawals work, that's for sure. I prefer to withdraw in cryptocurrency. I have withdrawn various amounts, such as $100, and $1500, and even $5000, which is my record. I never had problems with withdrawing money. There are different platforms, even MetaTrader, but for binary, it does not matter much. There's a demo, an affiliate program, and bonuses.
Now the cons of GC Option. Often the profitability drops below 80%, and sometimes even below 70%. Therefore, trading is not always profitable. Because of this, the profit is less, and sometimes there are losses. It is the main disadvantage.
I don't know how trading is done in GC Option, but when I traded with Grand Capital on the forex market, it didn't bring me any pleasure. The platform was frankly lagging, trades were hanging, and there were problems with the withdrawal of funds. In addition to this, I note the low level of training of employees, and their weak professionalism. There are many rude and aggressive people working in the firm. In general, I remember it took me two weeks, then I started working with another company. I think that the situation is exactly the same with GC Option. Since it is essentially the same organization. So I advise looking for another platform, and it's better not to even remember about this one.
Let me tell you my story of how I traded in gc option. I chose this platform because it belongs to a well-known forex broker, so I was hoping that the service would be first-class, profitable, comfortable and most importantly safe. First, I tried the demo account, then started trading for real money. On the demo everything was good: the terminal worked great, trades were executed instantly, more pluses than minuses, and quotes were just like other providers. But as soon as I switched to trading real money, some kind of trouble started. The platform hangs, trades open with a long delay, and the quotes don't match. I realized, these are some scammers who draw charts however they want. Naturally, they will work against the traders. I was lucky that they let me withdraw the remainder of the lost deposit. At least thank you for that. But overall - I do not recommend the gc option to anyone.
I lasted a week with gcoption.com, but then couldn't stand it anymore. The company definitely plays against its clients! I've seen multiple times how the charts on my monitor differed from those on TradingView. There are different providers there, so the quotes vary greatly. Moreover, they vary not in the client's favor. GC Option are manipulators and scammers!
I lost $1000 here… I don’t want to remember this… but I warn others about it – the same awaits you…
If GC Option has paid out your money, then you're lucky. Because I know of sad stories where people were scammed out of money. The broker tries to look like it operates safely and reliably, but this is not true. They are fierce scammers, hiding under a mask of anonymity. Outwardly they seem white and fluffy, but inside they are dirty and fraudulent.