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 vs Quotex Comparison Table 2024
GC Option Quotex
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3.3
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4.4
GC Option is ranked #11 among binary options brokers. Quotex is ranked #11 among binary options brokers.
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Review
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
  • GC Option is fairly unique in its position as a binary options broker that provides access to MT4, though you need to achieve Gold status to trade on it.
  • The free demo account with $10,000 in virtual funds is an excellent place to learn how binary options work, including the broker’s double touch binaries which aren’t available at most brokers.
  • GC Option offers fast and dependable support available 24/7 with response times of under 2 minutes based on testing over several years, and a particularly receptive live chat service.
  • Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds
  • Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal
  • The platform continues to delivers a superb trading environment with strong charting tools for technical traders
  • The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
  • Daily signals are useful for finding opportunities, especially for newer traders
Cons
  • Despite 15+ years in the market and being a spin-off of the established Grand Capital brand, GC Option remains unregulated with limited safeguards for investors.
  • The breadth of tradable assets at GC Option needs serious improvement, with just approximately 30 instruments spanning currencies, cryptos and commodities, but zero stocks.
  • Whilst the $10 minimum deposit is low within the industry, over 50% of the withdrawal options incur a charge and many consist of cryptocurrencies or banking solutions in Africa and India.
  • Quotex is unregulated, which means traders may receive limited safeguards
  • Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
  • There is no copy trading, which could support new traders looking to learn from experienced investors
  • Customer support has been weak during tests with no live chat and slow response times
  • Quotex trails industry leaders when it comes to education and market research
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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3
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4.2
Android App Rating
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3
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4.1
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
  • USD
  • EUR
  • GBP
  • JPY
  • RUB
  • USD
  • EUR
  • GBP
  • INR
  • JPY
  • MYR
  • IDR
  • RUB
  • BRL
  • NGN
  • THB
  • VND
  • UAH
Commodities
  • Gold
  • Silver
  • Gold
  • Oil
  • Silver
Forex
GC Option offers binaries on a slim selection of 25+ currency pairs, including majors, minors, plus metals paired with USD. Unlike traditional forex trading, users speculate whether the price of a currency will rise or fall and can earn an 80%+ payout, or lose their entire stake. 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
  • BTC
  • BCH
  • BNB
  • ETH
  • ETC
  • XMR
  • ZEC
  • DSH
  • BTC
  • LTC
  • ETH
  • XRP
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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