GCMBinary

If you’re familiar at all with the world of Forex trading, you may have heard of Gallant Capital Markets, an FSC regulated broker serving Forex traders since 2007 under the brand name GCMFX.  Yet Gallant Capital Markets (also known as GCM) realized that they weren’t meeting the needs of all types of traders – and in 2011 the brokerage expanded its offerings to provide one of the only regulated binary options platforms in the world.  Read this complete GCMBinary review to see if this is the right binary options solution for you.   

General Information

Founded in: 2009

Headquarters: British Virgin Islands

Minimum Deposit: $200

Minimum Trade Amount: $24

Maximum Per Option: $10,000 for High/Low options, and $5,000 for all other options.

Languages available: English

Trading Platform

One of the most noteworthy aspects about GCMBinary is the company’s unique trading platform, which is as sleek as a Forex platform, rather than overly-simplified like many binary options platforms.  This is not to say that GCMBinary’s trading platform is difficult to use, but it seems obviously designed with a more sophisticated trader in mind.  It took us only a few moments to familiarize ourselves with the unique scrolling interface on the top of the platform that allowed us to look at the available options in a horizontal way rather than the typical vertical list.

We noticed relatively quickly during our GCMBinary review that the company does not offer all of the trading options presented by other binary options brokers, such as Range Trading or 60 Second Options.  Nevertheless, we were not disheartened, because the High/Low and One Touch options offered within the GCMBinary platform should be more than sufficient for most binary options traders.

Traders do have the option to display all available options or to choose the type of option they prefer with distinct tabs for stocks, commodities, currencies and indices.  The platform was a refreshing change from so many of the uniform binary options platforms out there, and will be appreciated by both new traders and those who have traded binary options in the past but are looking for a more refined service.

Features

One of the features we noticed instantly upon beginning our GCMBinary review is the existence of a demo account, where traders can practice placing trades and employing different trading strategies.  It is clear that Gallant Capital Markets understands the need for a demo, not just in Forex trading, but also for binary options trading, and GCMBinary is one of the few emerging binary options brokers that offer this critical service. 

GCMBinary also offers the standard technical analysis that most binary options providers offer, but it is not available for demo accounts.  We found this specifically confusing many traders prefer to practice with technical analysis as a crutch to see if they can find a comfort zone in the market before trading with real funds. 

Tradable assets available with GCMBinary include 6 major currency pairs, 7 popular stocks, 4 indices, as well as gold and silver.  Although this isn’t the widest range of assets we’ve seen, it was definitely more than adequate. 

Customer Support

Like the Forex branch of its company, GCMBinary has stellar chat support for potential inquiries and email for live account holders.  We tested the chat support, and found there to be no wait time and the representative to be entirely responsive.  

Ease of Use

It only took us a few minutes to become familiar and comfortable with the GCMBinary platform, and we actually appreciated the different experience that the platform provided.  We also appreciated the company’s transparency regarding the company and its regulations, something which is rare in the binary options industry. 

We were a bit disconcerted by the fact that there is no technical or fundamental analysis provided for traders who have not opened a live account, but Gallant Capital Markets is not the only company that employs this strategy as a means to encourage registration.  Moreover, we’ve seen the analysis offered by this company and found it to be of excellent quality. 

Final Thoughts

The field of binary options is relatively new, and it is refreshing to see a binary options broker that is regulated and licensed by a known entity.  We felt doubly confident in GCMBinary since we’ve already tested GCMFX and are familiar with the company’s reliability and responsiveness to customer needs.