GCM Binary Option Broker
| Foundation Year: | 2009 |
|---|---|
| Website Languages: | English |
| Broker Type: | ECN |
| Account Currencies: | AUD, JPY, GBP, CHF, USD, CAD, EUR, HKD |
| Minimum Deposit: | $200 |
| Majors Spread: | |
| EUR/USD: | 0.2 |
| GBP/USD: | 0.2 |
| USD/JPY: | 0.2 |
| Maximum Leverage: | 1:01 |
| Minimum Trade Size: | 25 |
| Scalping: | Yes |
| Hedging: | Yes |
| Retirement Account: | No |
| Free Demo Account: | Yes |
| Options profitability: | 85% – 400% |
| Option on Asset Types: | Forex,Indices,Stocks,Commodities |
| Touch Options: | Yes |
| Traders From USA: | No |
| Islamic Account: | No |
| Commissions: | |
| Binary Options: | No | Margin Interest: | No |
| Depositing Fees: | Yes |
| Withdrawal Fees: | Wire: $50 |
| Supported Languages: | Chinese, English, Hebrew, Spanish |
| Customer Service By: | Manuals, Newsletter, Call Back, Phone, Chat, Email |
| Customer Service Hours: | 24/5 |
| Email Response Time: | Up to 48 Hours |
| Telephone Orders: | No |
| Personal Account Manager: | No |
| Trading Platforms | MetaTrader 4 By Meta Quotes |
| Markets Pulse Platform By Markets Pulse | |
| Stop Order: | Yes |
| Limit Order: | Yes |
| Market Order: | Yes |
| Trailing Stop Order: | Yes |
| OCO Orders: | Yes |
| One Click Trading: | Yes |
| Charting Package: | No |
| Trade off Charts: | Yes |
| Streaming News Feed: | No |
| Email Alerts: | Yes |
| Mobile Alerts: | Yes |
GCM is a part of Gallant Capital Markets Limited and is involved in digital binary option trading. The company has been structured with professional and experienced staffs so that they can provide quality service to their clients. The company was established in the year 2011 and in a short span of time it has been able to make a mark in the competitive financial market. The company is a well regulated company and is licensed by FSC and has the office headquarter in British Virgin Islands. The company is known for its very simple trading platform and also the high payouts on the investments made.
The trading platform offered by GCM Binary is available only in English. The trading platform is GCM Binary and is the proprietary platform of the company. The platform is loaded with features which help in successful trades. The trading platform allows to the traders certain features like stop trade, Limit order, market order, trailing stop order, one click trading and trade off charts to name a few of them. They do not provide to their customers streaming news feeds. They have several trading instruments to trade in and include 6 currencies, 8 stocks, 4 indices and 2 commodities. They also provide to their customers different expiry times like 60 sec, 5 min, 15 min, hour, daily and weekly. With so many options available the traders has the choice of any expiry time and earn profit in short span of time.
GCM binary broker is an ECN type of broker and the minimum deposit required to open an account with them is $200. They do allow scalping and hedging to their customers. They also offer to their customers free demo account. The different account currencies allowed include JPY, AUD, CHF, GBP, CAD, USD, HKD and EUR. They do not offer retirement account. The payout on the investment made is up to 85% and on some of the touch options the profitability may be up to 400%. There is no commission on the binary option trading. They do not have any margin interest on the trade done. However, they do have depositing fees and withdrawal fees. The withdrawal fees applied on wire transfers is $50 which is on the higher side. The minimum amount required to start trade from GCM account is only $25. They do not allow traders from United States to trade from their account.
The customer support service provided by GCM Binary is excellent and the same is available in Chinese, English, Spanish and Hebrew. The service can be availed through manuals, call back, newsletter, chat, phone and email. The customer support service is available for 24 hours for 5 days in a week. The response time for the queries through email is 48 hours. They do not take up orders through the telephone. They also do not provide any personal account manager. The customer support staffs are well trained and are very friendly in their attitude. If looking for a binary option broker, then GCM Binary is worth a try.