GTOptions Review

GTOptions Logo Max Bonus: 5%


Rating: 1.0/10
GTOptions Home Page Screenshot
US Traders Accepted
Company NameEufal Ltd.
HeadquartersLondon, UK
Bonus TypeBonus for deposit within 24 hours on account opening
Bonus Size5%
Max Payout500%
Out-of-Money Reward10%
Minimum Age18
Trading PlatformSpotOption
Deposit OptionsUSD or EUR
Deposit CurrenciesCredit/debit cards, wire transfer, Skrill
Minimum Deposit$250
Minimum Trade$5
Maximum Trade$3,000
Online Since2011
Trading InstrumentsCurrencies, stocks, commodities, indices
Number of Trading Instruments70
Binary Option TypesOption Builder, One Touch, High/Low, 60 Seconds
Customer Support TypesPhone (not toll free), live chat (supposedly), email, web form
Education OfferedFAQ, E-Book, Video Tour, Video Tutorial
Tools OfferedFibonacci calculator, economic calendar, trading signals, daily market review, weekly market review. Extras available for VIP account holders (like money management classes).
Commission$25 fee for wire transfer withdrawal
Demo Account14 days. Real account required.

GTOptions is a relatively new binary options broker, founded in 2011 by Eufal Ltd., a company based in Nicosia, Cyprus. This broker doesn’t seem to be regulated yet, but this isn’t surprising given the young age of the service. GTOptions offers several different types of binary options to trade and more than 70 assets, and while they are somewhat lacking in certain areas, they do seem to be on the right track with trading tools, bonuses, and other aspects of their site. USA traders are allowed. There is still no mobile platform, but this is again probably because the company is so new.

Opening an Account with GTOptions

Starting an account is a simple process, and registration is free with GTOptions. GTOptions actually provides a demo account, which is excellent. Many binary options brokers haven’t yet incorporated this feature. As usual, it’s a pretty limited service, but it’s certainly superior to nothing. Once you open a regular account, you need to contact customer service to ask them to change your status to demo. You are then given practice funds (virtual currency) and 14 days to demo test live. At this point your demo account closes. The site says there is no obligation to open a “practice account” once you’re done with your demo. That’s probably a simple typing error—since your demo account is your practice account, they most likely mean there’s no obligation to start trading with real money.

You really should demo test for longer than two weeks before you start trading live, but again, it’s better than nothing. SpotOption, the trading platform which GTOptions uses, is very popular, and you may find another broker that lets you demo test longer. You might want to do that before trading live, even if you decide to stick with GTOptions as your real broker.

GTOptions offers match bonuses for depositing as well as an additional five percent bonus if you deposit within 24 hours of registering on the site. There are also referral bonuses of up to $200. This is a cool benefit which you won’t find at every binary options broker. We were also impressed with the clarity of GTOptions’ terms and conditions surrounding bonuses. Brokers often try to pass off bonuses as if they are “free money,” and then leave the terms in fine print. GTOptions openly states that bonuses should be looked at as a way of trading on leverage while your account is small. The purpose of the bonus is to help you to place larger trades and build up your real funds more quickly. GTOptions reminds traders that leverage is a double-edged blade and that it’s just as likely to lose money more quickly by trading with bonuses. You’re not able to withdraw the bonus money unless you’ve turned over a certain amount far beyond the value of the bonus.

You’ll find around 70 different assets to trade including commodities, stocks, indices, and currencies. Available types of binary trades include Option Builder, One Touch, High/Low and 60 Seconds. For 60 Second trades you can trade as little as $5. For other trades you can trade as little as $10. The maximum amount you can trade is $3,000. Pretty average all around, but not bad.

Customer Service and Trading Resources

Customer service options include live chat, web form, email and telephone (not toll free). The live chat feature sent an email and then closed itself when we tried to use it, which probably just means that the desk wasn’t staffed at the moment (it was a Sunday). Presumably during business hours someone would be there, though the chat box wasn’t specific about this.

The trading tools and educational resources are relatively impressive, especially given how new GTOptions is. Along with the usual FAQ, basic eBook and video tour, there are also video tutorials, weekly and daily market reviews, trading signals, an economic calendar, and a Fibonacci calculator. Signal services are included in some of the accounts for free. If you sign up for a VIP account, you’ll not only get trading signals but additional support including money management classes. There is definitely more of an effort being made here than average.


GTOptions seems to be different. All of the trading resources provided can help traders to plan their trades; while they aren’t enough to help a trader to develop a consistent method, they can certainly play a role, and they encourage traders to actually think about what they’re doing. Moreover, the forthrightness of the company concerning the bonuses and the dangers of leverage is another sign of honesty. GTOptions also has a Risk Disclaimer in open view at the bottom of the page as well as a separate link to the disclaimer in the menu. This is yet another sign of honesty.

Even if you’re gambling for entertainment purposes, you can still do so in a responsible manner. GTOptions isn’t promising people huge returns for no effort or a risk-free opportunity to make vast sums of money. This is admirable and causes to look at GTOptions in a positive light. While the broker doesn’t seem to be regulated yet, if they continue along this track it seems like it’s probably just a question of time before they are. Read additional reviews online and get in touch with customer service if you have questions. While we can’t give a definitive recommendation one way or the other, we can definitely conclude that GTOptions is worth a closer look.

GTOptions, 1.0 out of 10 based on 2 ratings

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2 Traders' Reviews

  1. james huffman reviewed GTOptions

    According to my complaint filed with the Cypress SEC, this company is not registered in Cypress as a brokerage. The Cyprus SEC has a online list of firms. More than 60 days have passed since my acct. was reduced to a zero balance and still no funds in my bank acct ” wired”. No answer to more than 5 emails from me either. Save yourself the problems, invest elsewhere. This is a scam.

  2. Jirka reviewed GTOptions

    On the internet you can find hundreds of victims of GTOptions, just like me. Gtoptions is the most aggressive and arrogant broker that you can find on the internet. I am one of the many they have ripped off and it must stop now! On the website of Watchdog they are saing that GTOptons is regulated: CySEC, MIFID, FCA and EU regulated. I have done some researched and it turns out that this is not true! They are nowhere regulated. Even they didn’t have Trader Protection Insurance. How is it possible that I’ve lost 80 thousand euros and they wan’t give me my deposit back?
    They are busy now to lose all my money so they will no longer need to communicate with me. I’m now with my bank, ABN Amro and their trading experts, examine whether they have passed my false signals. Also I will report this to my Credit Card Company and demand to get my money back.
    They have made me lost all my save money and ruined my family. And I will fight them where ever I can!
    Please look at this link or google GTOptions and I’m shore that you will change your mind.
    Let me tell you how GtOptions work!
    First I have deposit 250 Euro. Than you get an very nice gentleman on the phone speaking your languish and conversation will go like this: If you deposit 2000 Euro you will get within 2 days one hundred thousand Euro.
    After two days he call you back: Good news, we have doubled your profit!
    But you have to deposit 2000 Euro. So it went on until I should got 35 million Euro. I have deposit all my savings worth 20 thousand Euro! How stupid can you be!!!!
    The same evening I have lost 40 thousand Euro! 40 trades and one winning. How do you call that?
    I call it scam?
    The young man was more interested in buying drugs in Amsterdam than helping me with good trades.
    When I wanted to have the remaining money back, within 5 minutes I was called back by a new account manager. Please do not withdrawal because I will lose my job. Where is my first manager? He is in Dubai to learn oil sheiks trade with binary options. Yes I have been told so, it is really true! ‘Next day I have been called by my account manager from Dubai. Background sounds were same as before. He just sat in London! It was all lie!
    The next account manager yes a new one because the last one must go to Angola teach African people trade with binary option. Please don’t laugh because it is really true. The same evening I have lost 20 thousand Euro!
    First they let you make big money and then make loss everything till the bonus and so you can’t withdraw any money. Once I had 82 thousand Euro (and 23 thousand Euro bonus!!!) but now I have only 9 thousand Euro and this is bonus! So not my money.
    GtOptions doesn’t want to make you any profit, they are only interested to extract as much money as possible from your account. They have ruined my family. They says that they are The Most Trusted Binary Option Broker, but they are not to be trusted, you will just like me lose all your money! Please see the link. Stay away from them as far as you can!!!!! They lie constantly!
    Please if you want to see my ridicules portfolio, please let me know.
    Best regards Jirka

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