op book

2. 2 | P a g e
Table of Contents
About GCM Binary…………………..……………………………………………………………………3
What are Binary Options?.………………………………………………………...…………………….4
What is One-Touch Trading? ..………………………….……………….………………………4
What is High / Low Trading? ..………………………….…………………….…….……………4
Account Opening..…………………………………..………………………………..…………………..5
Demo Account Registration…….…………..……………………………..……………………..5
Live Account Registration…………………..…………………………………………………….5
Initial Deposit…………………………………………...………………………………………….7
Trading a Binary Option………………………………………………………….………………………8
Accessing Your Trading Account.………………………………………………….……………8
Choose Your Instrument………………………………..……………………..……………...….8
Find Your Market…………………………………………………………………….…………….9
Complete Your Trade…………………………………………………………………..…………9
Close Your Binary Option……………………………………………………………...……..…11
Binary Option Trade Box Explained ............................................................................................13
My Open Trades .........................................................................................................................15
Trade History ..............................................................................................................................17
Option Outcomes and Returns....................................................................................................18
‘In the Money’ Expiry .........................................................................................................18
‘Out of the Money’ Expiry...................................................................................................18
‘At the Money’ Expiry ........................................................................................................19

3. 3 | P a g e
About GCM Binary
GCM Binary is the Binary Options trading site for Gallant Capital Markets Ltd. and is the very
first Forex Company authorized and regulated by the Financial Services Commission (“FSC”)
under the Securities and Investment Business Act, 2010 (“SIBA”) in the British Virgin Islands
(“BVI”).
GCM Binary utilizes the easiest and most secure Binary Options trading platform which can be
accessed directly from your web browser without having to download software. Trading at GCM
Binary is suitable for both advanced and novice users, through a very carefully designed, easy-
to-use interface.
Gallant is owned and managed by a seasoned group of professionals, specializing in the fields
of Financial Options, Commodities, Derivatives, Stocks, Forex trading, online marketing, and
software research and development. By utilizing our powerful trading platform, traders gain
access to our proprietary Straight Through Processing technology, excellent liquidity, world-
class customer service, and a broad suite of advanced trading tools.
At Gallant, we understand that we are only successful when our customers are successful. It is
why we guarantee all of our clients’ fair and transparent execution and pricing as well as access
to the best-in-class trading functionality demanded by interbank traders.

4. 4 | P a g e
What are Binary Options?
The IDEAL INVESTMENT TOOL - Binary Options are the progressive alternative to traditional
trading instruments, offering a simple ‘Up’ or ‘Down’ proposition on popular financial markets
including Currencies, Stocks, Commodities or Indices in various time periods. Based on a
simple Up / Down proposition, Binary trading creates a simple, transparent and intuitive way to
trade the global markets with low collateral. The potential payout and initial investment are fully
visible before the trade is placed, making this the smart choice for countless traders.
Binary Options are named as such because they only have two possible outcomes: either the
forecast is correct or it is not. As a trader, you decide how much you want to invest in the Option
as there is no fixed price for the Option, just fixed return.
Each option has both a start time and end time to trading, followed by an expiration time when
the option expires and a gain or loss is realized. There is no risk as you are not buying the
asset, just predicting whether the price will rise or fall.
Binary Options are simple, quick, and profitable! Start making the most of your capital - trade
global markets using this simple, capped-risk option.
What is One‐Touch Trading?
One-Touch is a method to trade an instrument, by speculating on a future target price range to
be either higher or lower than the current strike price. Traders will experience a gain or a loss
based on whether the market price reaches or fails to reach the target range prior to the options
expiration time.
Learn more about trading One-Touch here: https://www.gcmbinary.com/trade_one_touch.php.
What is High / Low Trading?
The High/Low method of trading options is a straight forward speculative position taken by the
trader, who determines if the future market price is above or below the current strike price.
Traders will experience a gain or a loss based on the prediction of whether or not the price is
higher or lower than the entry price.
Learn more about trading High / Low here: https://www.gcmbinary.com/trade_high_low.php.

5. 5 | P a g e
Account Opening
To trade Binary Options with GCM Binary, clients are required to complete the registration
process. There is no deposit is required in order to complete the registration process.
Demo Account Registration
Clients may register for a free Demo account by completing the short Demo account registration
form here: https://www.gcmbinary.com/signup_demo.php.
Clients may also register for a free Demo Account by clicking ‘Register for a Demo’ located on
the top of every GCM Binary page.
Clients may also register for a free Demo Account by clicking ‘Demo Account’ button located on
the GCM Binary homepage.
Once the client has submitted the free Demo registration form, an email with the Demo trading
account log in details will be sent to the client‘s email address. Please add our email address
support@gcmbinary.com to make sure you receive emails from us.
Live Account Registration
Clients may register for a Live Account by completing the short Live Account application here:
https://www.gcmbinary.com/signup_live.php.
Clients may also register for a Live Account by clicking ‘Open a Live Account’ located on the top
of every GCM Binary page.

6. 6 | P a g e
Clients may also register for a Live Account by clicking ‘Live Account’ button located on the
GCM Binary homepage.
After the client’s application is verified, the client will be sent the Binary Options account log in
details by email. Client log in details may also be located via the ‘My Account’ portal here:
https://customers.gcmfx.com/customers/login.
Clients can choose to open a binary options account in USD, EUR, GBP, CHF, AUD, CAD, HKD
and JPY. Once the account is funded, the account trading currency will be fixed for the client
and cannot be changed. However, the client is allowed to open a different GCM Binary customer
account under a different email address and with a different base currency.

7. 7 | P a g e
Initial Deposit
The minimum initial deposit to start trading a Live Account with GCM Binary is 200 USD or the
local equivalent in one of the available trading currencies.
GCM Binary offers a wide range of efficient payment methods allowing clients to choose the
process that is most comfortable for funding their trading account. Please note that there may be
restrictions or fees associated with each method, and all funds are held by Gallant Capital
Markets.
A deposit may be made with Visa, MasterCard, Skrill / Moneybookers, Paynova and Bank Wire.
Please note that Gallant is unable to accept funds from any source other than the account
holders own funds. Each client’s account balance must be sufficient to cover all of their open
option positions at all times.

8. 8 | P a g e
Trading a Binary Option
If you are new to GCM Binary, you are probably new to trading Binary Options. This step-by-
step instructional guide is designed to assist you through logging in to your account, choosing a
trading instrument, selecting a market, and placing a trade via our platform.
Accessing Your Trading Account
Once you have registered your account with GCM Binary, you may log in to the trading platform
from anywhere on the site. Need to open an account?
Register with GCM Binary here: https://www.gcmbinary.com/signup_live.php.
Click ‘Platform Log In’ at the top of your
screen. You will be directed to the
trading platform.
Enter your Username and Password in
the boxes provided and select either
‘Demo’ or ‘Live’.
Click ‘log in’ to enter the GCM Binary
trading platform.
Access the Demo trading platform here: http://demo.gcmbinary.com/Home/Trade
Access the Live trading platform here: http://trade.gcmbinary.com/Home/Trade
Choose Your Instrument
Purchasing a Binary Option is simple. First
decide which type of Binary Option you
wish to utilize: High / Low or One-Touch,
located at the top-left of your screen.
The High / Low method of trading Options is a simple ‘Up’ or ‘Down’ proposition. Select ‘Up’ if
you believe the expiration rate will rise above the current rate, or select ‘Down’ if you believe the
expiration rate will fall below the current rate. Traders will experience a gain or a loss based on
the prediction of whether the expiration price is higher or lower than the entry price.
Learn more about trading High / Low here: https://www.gcmbinary.com/trade_high_low.php.
One-Touch is a method of trading Options that is also an ‘Up’ or ‘Down’ proposition. In which
you speculate that the future price will rise above a top boundary or fall below a bottom

9. 9 | P a g e
boundary. Traders will experience a gain or a loss based on whether the expiration price
reaches the target boundary prior to the Options’ expiration time.
Learn more about trading One-Touch here: https://www.gcmbinary.com/trade_one_touch.php.
Find Your Market
Click on an Asset that you would like to trade. This may be Stocks, Currencies, Commodities,
or Indices. By clicking on an Option choice, the individual Asset will open up a Trade Box in the
lower portion of the page for respective Asset / Option combination.
View our complete Asset Index here: https://www.gcmbinary.com/assets.php.
Complete Your Trade
Choose the direction of the price movement you believe your chosen asset will follow.
Once you decide whether you believe the value of the underlying asset will go up or down by the
expiry time, you select how much you would like to invest.
The minimum investment amount for a single High / Low and One-Touch Option is 25 USD and
the maximum investment amount for a single High / Low and One-Touch Option is 250 USD.

10. 10 | P a g e
The maximum number of Options that can be purchased at particular time is 30 Options. The
exposure limit is typically 7,500 USD. This exposure limit represents the total value of open
positions at any particular time. This amount varies between Countries and for different
currencies.
Once your investment amount is entered, you may purchase the Option by clicking the ‘Invest
Now’ button.
Clients may also complete a trade directly from the chart.
After performing a trade action, the action appears as a data marker on the chart and the details
of the open trade are visible in the ‘My Open Orders’ list below the Trade Box.

11. 11 | P a g e
Close Your Binary Option
Now you have an open position. You may choose to either let the Binary Option expire or close
your position early to take a profit or cut a loss.
Early Closure is a unique feature that allows trader to sell their open position at any given
moment before the Option reaches the Stop time. This feature provides the trader full liquidity
throughout the Options’ lifetime, allowing traders to either take profit or stop loss at the moment
of their choice.
Early Closure from the Trading Chart
Your position may be closed before the Option reaches the Stop time and a yellow halo appears
around the data marker. Between the Stop time and the Expiry time of the Option, no action can
be made with the open position.
By clicking on the data marker of the open position on the chart (blue dotted line), a pop up will
appear with the choice to close (Sell) the Option, showing your total investment, the current
payout, and the return rate.
The payout and return rate are updated constantly, according to the change in Asset price. One
click on the ‘Close’ button completes the Early Closure function.
Early Closure from the ’My Open Orders’ list
When the Early Closure option is available from the ’My Open Orders’ list, an arrow button will
appear next to the open position.
Clicking the arrow button will open an additional field displaying your total investment, the
current payout, and the return rate. One click on the ‘Close’ button completes the Early Closure
function and removes the trade action from the list.

12. 12 | P a g e
Payout Calculation: The payout price updates dynamically based on Asset activity, Asset
current price, and the time remaining until the Options expiry.
Liquidity Commission: GCM does not charge any fees for liquidation of any options. One of
the many benefits to trading Binary Options with GCM is you will gain access to the deepest
liquidity pool in the market.

13. 13 | P a g e
Binary Option Trade Box Explained
By clicking on an individual Binary Option displayed in the Option List, you may view additional
details in the Trade Box shown below:
Explanation of the Trade Box items:
Price Graph
A chart of the asset price versus time, including the target price(s), the time remaining until the
Options’ expiration and a shaded region indicating the area of profitability.

14. 14 | P a g e
Asset Symbol
The trading symbol of the chosen asset. In this example it is EUR / USD.
Market Price
This is the current price of the asset determined by GCM Binary based on the live pricing feeds
supplied by the data provider and represents the price at which GCM Binary is willing to sell the
option at the given time. In this example it is 1.30816.
Return/Payout
This is the percentage return on investment clients can expect if the Option expires ‘In the
Money’. In this example it is 85% payout.
Expiration/Closing Time
The time and date that an Option expires. The expiry time displayed to clients automatically
adjusts according to the time zone of client. In this example it is 12:00.
Time Until End of Trading
This countdown appears as the final chance to purchase the Option approaches. It represents
how much time is left until this Option can no longer be purchased. In this example it is 8
minutes and 32 seconds.

15. 15 | P a g e
My Open Trades
All of your purchased and opened Options for the instrument you have selected (High/Low and
One-Touch) can be found in the ‘My Open Orders’ displayed below the trade box window. The
‘My Open Orders’ also shows all recently executed Options, which may also include recently
closed positions.
In the case you have opened positions on multiple instruments; you can view all of your recent
positions by clicking on this icon in the upper-right corner of the title bar below.

16. 16 | P a g e
Explanation of the ‘My Open Orders’ box:
Asset
The symbol of the Binary Options asset that you have purchased. In this example it is
AUD/NZD and EUR/USD.
Trade Action
The Trade Action indicates the purchase price and the direction of your trade.
Trade Time
The time of the purchase of the Binary Option.
Status
Indicates the status of the Binary Option (Closed or Opened).
Closing
The time when the Binary Option is due to expire.
Closing Strike
The price at which the Binary Option expired (applies for closed trades). In this example the
closing strike of the EUR/USD asset is 1.30814.
Amount
The amount invested in purchasing the Binary Option.
P&L
The value of the profit/loss for the specific trade. The P&L value for the individual Option is
calculated as the investment + possible profit – payout.
Total Open P&L
Indicates the floating profit/loss of all of your open positions from all trading instruments
(positions on High / Low and One-Touch).
To learn more about the current value of your Option, click the icon next to the trade. Wait for
the next price tick for the information to appear:
Along with viewing the current value, the panel allows you to sell/close an Option trading
position, which is before the Stop level. This can occur no matter if the Option is ‘In the Money’
or ‘Out of the Money’. The Early Closure is not available for all Options. Clicking the ‘Close’
button immediately brings the relevant Option to expiration at the current market price.

17. 17 | P a g e
Trade History
The Trade History section can be accessed by clicking the ‘Reports’ link at the top of the menu
of the GCM Binary trading pages. You must be logged into a trading account to be able to view
this section. The ‘Reports’ page is divided into two main sections:
Trade Actions
This section provides a list of all Binary Options positions you have taken along with the
outcome. Using the basic dropdown filter as well as the ‘Advanced Filter’, you can filter out your
trades based on preference.
Transaction Report
This section provides a list of all individual transactions performed on your account. Using the
basic dropdown filter as well as the ‘Advanced Filter’, you can filter out transactions based on
your preference.

18. 18 | P a g e
Option Outcomes and Returns
The following possible outcomes pertain to both types of Option instruments:
In the Money or ITM
Options that expire ITM typically have returns on the order of 85% of the amount invested. This
means that for every 100 USD invested, the amount returned when the Option is ITM would be
185 USD, or the initial investment plus 85 USD.
At the Money or ATM
Options that expire ATM result in a complete return of the amount invested to the client. As a
result, if 100 USD is invested in an Option that expired ATM, the return on this investment is 100
USD.
The following section contains a more detailed explanation of those possibilities:
‘In the Money’ Expiry
This term means that the Option is beneficial for the holder to exercise. Options that expire ‘In
the Money’ or ITM are those that show a profit for the client at expiration. When trading via GCM
Binary, Options will expire ITM under the following circumstances:
High / Low Binary Option
High Options expire ITM when the market at expiration is higher than the target price.
Low Options expire ITM when the market at expiration is lower than the target price.
One-Touch Binary Option
One-Touch Options immediately and automatically expire ITM if the market price reaches the
Option’s target price at any time before expiration.
‘Out of the Money’ Expiry
Options that expire ‘Out of the Money’ or OTM will yield a net loss for the client, but may still
return some percentage of the investment back. When trading via GCM Binary, Options will
expire OTM under the following circumstances:
High / Low Binary Option
High Options expire OTM when the market at expiration is lower than the target price.
Low Options expire OTM when the market at expiration is higher than the target price.
One-Touch Binary Option
One-Touch options expire OTM if the market price never reaches the target price prior to
expiration.

19. 19 | P a g e
‘At the Money’ Expiry
This term refers to an option with a target price at the same level as the market price at
expiration. When Options expire ‘At the Money’ or ATM, GCM Binary will return the amount
initially invested by the client.
When trading via GCM Binary, Options will expire ATM under the following circumstances:
High / Low Binary Option
High Options expire ATM when the market price at expiration is the same as the target price.
Low Options expire ATM when the market price at expiration is the same as the target price.