GC Option Review – 5 Things To Know About This Long-Lasting Binary Scam
GC Option Review – 5 Things To Know About This Long-Lasting Binary Scam

This company is on the market for a long time. Don’t let that trick you. They operate in financial markets since 2006, but with different brands. Their primary offer is binary options. We are sure that you have heard about it. It was popular around 10 years ago and when everyone heard about people just losing money, they vanished for a while.

They are back on track now. Binary options are like gambling and most of the time it doesn’t go in your favor.

Therefore, you should be extremely careful about trading with binary options. Especially with a company like GC Option that doesn’t have any regulations.

On top of that, we seriously recommend you not to invest in the fake brokers InvestPoint, Storm Age Capital, and Binetrix. Do not trade with these unlicensed brokers if you want to save your money!

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Scammers Websites:Grandcapital.net
gcoption.com
Blacklisted as a Scam by:AMF, FSMA, CNVM, CMVM
Owned by:Grand Capital Ltd, GC Option Ltd, Grand Capital Group
Headquarters Country:St. Vincent and Grenadines
Foundation year:2006
Supported Platforms:MT4 and Web trader
Minimum Deposit:10 USD
Cryptocurrencies:No
Types of Assets:Currency pairs, futures, metals
Maximum Leverage:Up to 1:500
Free Demo Account:Yes
Accepts US clients:N/A

GC Option is An Illegal Binary Options Broker?

As we said earlier, it is like gambling. In some countries, gambling is even banned. There is a valid reason for that. It can be very dangerous because the company doesn’t offer any security. Trading should be always done with the company that has a license for that.

The jurisdiction over the company belongs to St. Vincent and Grenadines country. Therefore, rules and regulations are not that strict compared to countries like UK, Germany or US.

Why Is It Safer To Choose Regulated Brokers?

Regulated brokers have very clear trading conditions and declared safety for a trading account. With unregulated companies, those conditions are often misleading people to believe something that is not true. Even accounts, data on the market, profits and much more information could be just fictitious.

That’s why licenses from Top Tier Regulators like BaFin, ASIC or FCA are crucial. You can very easily research databases and find trustable companies. GC Option is not one of those.

So Is GC Optiona Decent Broker or a Scam?

Clearly a business that you want to avoid unless you want to throw some money away. They offer very competitive profits and trusted technology, but don’t try binary trading unless you know what you are doing.

Warning From Financial Regulators

GC Option Warning From Financial Regulator CMVM

Since their establishment, you could only find warnings about this company. Earlier, it was a bit harder to define what companies are good and what are not. But very quickly that information is widely available.

We did a thorough GC Option review and found many warnings from institutions like:

GC Option Software – How Safe Is The Platform?

GC Option Trading Software

GC Option broker offers two different platforms – MT4 and Web-trader. Thus MT4 is a reliable trading platform it can be a diversion into something different. It’s not rare that companies are using trusted platforms to make you believe in their legitimacy.

Meta Trader 4

MetaTrader 4 is a standard for trading and it offers very useful tools. It can perform very well with Options trading, simply because it offers a variety of indicators and other platform functions.

This is making trading simplified and especially for experienced traders more effective.

Web trader

Web traders are mostly developed by companies. They are collecting data from the financial market sometimes in real-time sometimes not. That’s where it gets interesting. Companies are sometimes even controlling these systems to delude you and make you believe in the unbelievable.

Moreover, non-experienced clients don’t even realize when something like that happens. It is believed that it was up to the market.

Trader’s Reviews of GC Option

Analyzing GC Option reviews got us to a fascinating number of negative reviews. But here, we will talk only about trusted revisors like TrustPilot. At the moment of writing, there were 29 reviews from different parts of the world.

More than 30 % of them were rated 1-star and the rest was a 5-star rating. Don’t be embarrassed if you were caught in this scam.

GC Option Range Investment Opportunities – Trading Instruments

Trading options is a bit different than conventional trading on the financial market.

There are fewer assets available and companies are mostly looking for volatile ones. Those are who can in reality bring you bigger profits, but bigger losses as well.

We will mention some:

  • Currency pairs – USD/AUD, USD/EUR, AUD/JPY
  • Commodities – Gold, Silver
  • Cryptocurrencies – BTC, BCH, ETH

What is more, we strongly advise you not to invest in TigersFM, EU Finance and ImportCapital fraudulent brokers.

GC Option Fraud Risk Zones – Service Countries

Unfortunately, we couldn’t find any information about the countries the hat company is primarily targeting. It is usually expected to reach out to rich countries, like the

  • UK,
  • Germany,
  • Netherlands,
  • Canada, etc.

GC Option Accounts Overview

Doing our GC Option trading review we were surprised by the minimum requirements-

  • Silver – 10$
  • Gold – 100$
  • VIP – 300 $

Differences are nothing significant except for the program you have access to.� When you take a potential profit of up to 86% in a calculation, the investment makes big difference.

Information About Demo Account

With GC Option broker you have an available Demo version and access to MT4 and WebTrader.

Of course, registration is required first and after that, you can check all features of their platform. Please have in mind, that investing virtual funds is like a game, but investing real funds is not.

GC Option Terms and Conditions

According to the company, a VIP account provides you with additional security. You can do risk-free trading and have a 10% refund on unsuccessful trades. Any other additional fees or charges are not clarified, therefore we won’t believe it’s worth it.

Before trying to understand any terms and conditions, first look for a license. Which is clearly missing here.

Scammed by GC Option Broker? – Allow Us to Hear Your Story.

We already presented you with stories of other people. Let us hear your story. Once you provide us with yours we can guide you through the chargeback process.

Book free consultation with our experts today!

What Is the Chargeback Procedure?

It is a very powerful and dangerous process for scamming companies. The procedure requires filing a request for the reverse transaction if a Credit/Debit card is used for the transaction.

It is easier to do it with guidance, without any headaches. Get back to us today!

What Is GC Option?

GC Option is an offshore non-licensed binary options trading company. The company is apparently located in St.Vincent and Grenadines since 2006.

Is GC Option a Scam Broker?

A lack of licenses and regulations would clearly show that the company is a subject of fraudulent activities.

Is GC Option Available in the United States or the UK?

There is no 100% confirmation if the company is working with clients from the US or the UK.

Does GC Option Offer a Demo Account?

Yes. After completing the registration form, you can get access to their WebTrader or MT4 platform and try trading with virtual funds.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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