Grand Capital Review
Grand capital is an online forex and CFDs broker that has established a reliable name for itself during its 10 years of operation. Grand capital was found in 2006. The broker is owned and managed by Grand Capital Ltd which is the funding company and it found in mahe, Seychelles. The (SIBA) Seychelles International Business Authority is in a position to regulate a KROUFR and CRFIN Grand Capital member. Grand capital has over the years managed to earn some awards like “Best Micro Forex Broker’’ and ‘’best standard forex broker within the industry which has successfully provided service quality. With Grand Capital’s offices in some of Europe’s key cities, they are perfectly placed to fulfill their customer needs.
See more… Grand Capital FX Review
Grand Capital FX Reliability – Is Grand Capital FX a scam?
Grand Capital has been functioning since 2006 meaning they’re definitely not the new kid in the block. For being based in Mahe, Seychelles, new commers to the scene of forex online trading are not certain on how reliable this broker could be. For the fact that their regulation is not done by top regulatory European financial bodies like the Securities Exchange Commission of Cyprus and the Financial Conduct Authority of UK has been an additional reliability for Grand Capital. For Grand Capital not being a broker regulated by the European Union is not a hold back for its reliability.
For new comers, the broker has a membership in the Russian (CRFIN) ‘’ Center for Regulation in OTC Financial Instruments and Technology’’. The organization was established in 2010 by top forex Russian brokers to improve self-regulation and control the operation of CRFIN members. For this reason, the broker has been bound to carry on its business operations based on standards accepted by international bodies.
Grand Capital as well holds a membership at the (FinaCom) Financial Commission. This is a body that is recognized on international standards and it plays the role of a mediator to serve the forex online trading community. As a member of this international organization, Grand Capital’s traders have an additional advantage of an added layer which let the trade with peace of mind. Finacom use its compensation procedure to gain it reliability, compensation fund which is seen as an insurance policy is used to accomplish this by providing a $500 maximum to its eligible traders having a monetary compensation.
Grand Capital has provided a proven trading platform in confirming ability provide a well reliable service for its clients. Grand Capital uses the MetaTrader platform as regarded by the platform of forex online trading industry because of how robust and reliable it is.
Offices have been further established all round the world as a backup for their services and a local level of customer support. All these are added as an additional support for the customer support team which is operational from the main office in London.
Adding to the reliability of Grand Capital, they have won several awards from the financial trading industry of international standards. Grand Capital is highly recommended as a reliable broker after checking out the above listed factors.
To build a community full of trading activities, a trading platform that was created by the MetaTRader 4 and the MetaQuotes Software Corp and was proven by the industry has been adopted by Grand Capital to build a trading community. The MT4 is packaged with a broad array of trading tools created for the enhancement of trading abilities. Being able to do automated trading with (EAs) Expert Advisors is seen as an additional benefit that is appreciated by most experienced traders. Other alternative platform versions of the MT4 platform have been provided by Grand Capital excluding the desktop version. This platform has been provided for traders with the wish of trading with their smartphones.
Minimum Initial Deposit
Traders are required to deposit just $100 in order to open an account with Grand Capital, which is an average minimum initial amount. However, other EU brokerages require less – BROKERS STATION, for example, which also holds licenses from both CySEC & FCA, demands $250.
Five different trading types have been created by Grand Capital for their clients to choose from as to create the best services for their traders. These accounts are shown below:
- Standard Trading Account: Requires a minimum deposit of $/€/?100
Wide range of trading assets
- Options Account: Made for traders with the wish to trade the platform by binary options.
Achieve returns as high as 86%
- Micro Account: Min Deposit of $/€/?10
Good for learning traders
- ECN Account: Min deposit of $/€/?1000
Made for traders of professional standard and want to minimize trading costs with the use of EAs
- Swap Free Account: Interest free trading for Islamic traders
Commission & Spreads
The least spread for the micro, standard and Islamic accounts is 1 pip. The ECN trading accounts have a benefit of a smaller spread which starts from 0.4 minimum. The CDFs trading commission rates is as well minimal starting at $15 for a trade with a percentage of 0.1 on equities based in the US.
To fulfill the needs of all the traders, the support services have been made available on a 24hrs basis on the trading week. A support service of high quality is guaranteed as it comes in multiple languages like Russian, Chinese, and Indonesian. The customer support service is available through telephone, live chat and email.
Capable broker for Binary Options
Extensive coverage of Markets
Flexible Account opening requirement
Robust and Reliable Trading Platform
Fixed spreads not available
Website lacks info
Support telephone numbers are insufficient
Not a regulated broker of the EU
Lack of in-depth educational materials
Grand Capital has simplified trading with their flexible trading accounts and generous bonuses in a way that anyone can start using them for trading without any difficulties. This shows how ideal they are for new traders in search of a reliable broker to muse try the market out before investing more money in the market. Grand Capital already has a reputation for being a reliable and legitimate broker as they have been operating since 10 years ago.