Is grand capital legit

The broker lists two addresses: grandcapital ltd. 24598 IBC 2018 (suite 305, griffith corporate centre, P.O.

No deposit forex bonuses

Is grand capital legit, is grand capital legit.

Box 1510, beachmont, kingstown, st. Vincent, and the grenadines). Grand capital ltd. 036046 (suite 102 aarti chambers, mont fleuri, victoria, mahe, seychelles). They can be contacted at email [email protected] and phone +1 646 844 7187. It’s free to open an account, support is very fast and, more importantly, it is actually helpful. Withdrawal fees range from 0% to 2% but in some cases they can be higher, depending on the bank or payment processor.

Grandcapital

Leverage:	high
regulated:	finacom
demo account:	yes
minimum deposit:	10
US traders:	not accepted

Grandcapital review

Grandcapital is a CFD broker with a long time in business, which offers a variety of trading instruments, including currencies, cryptocurrencies, metals, stocks, indices, and more. The broker is owned by grand capital group, which is comprised of grand capital ltd. 24598 IBC 2018, located in st. Vincent and the grenadines and grand capital ltd. 036046, located in mahe, seychelles. Grandcapital is regulated by the financial commission, which is an independent self-regulatory organization and external dispute resolution (EDR) body.

Editor’s note: why grand capital sucks in 50 words

The minimum deposit requirement for an ECN account is 500 USD, which is way above the average for the industry. On the flip side, you can open a micro account starting at just 10 USD but the ECN has lower spreads and higher leverage, so if you want to have the best conditions, you will have to meet those requirements.

Editor’s note: why grand capital doesn’t suck in 50 words

This broker enjoys constant recognition in the form of awards, some of which include: “best affiliate program” from MENA financial expo 2016, “best trading technology” from moscow financial expo 2016, “best forex broker in africa” from africa financial expo 2017, “best forex ECN broker in africa” from CIO east africa 2019 and the “best investment service provider in africa 2020.”

Is grand capital A scam?

The firm has been operating since 2006 so we can call them a long-timer, an experienced broker but we cannot call them a scam. Furthermore, they have been assigned category A – the highest possible regarding reliability – by their regulatory body (FINACOM) and since 2018, the funds of their clients are protected by serenity, which is a blockchain-based escrow. If a dispute arises between the broker and a client, serenity will block the disputed amount until a resolution is reached.

Should I open an account with grand capital?

Despite the lack of major regulation, this brokerage has some features that put it above average in my book. First up, the platform choice is great: meta trader 4, meta trader 5, web trader, and grandtrade mobile app. All of these platforms are top of the line, with technical analysis capabilities and a user-friendly interface. Of course, don’t expect to see the same features on the downloadable meta trader and on the mobile app, but the portability of the latter makes up for some of the missing features.

Grand capital offers a demo account with a virtual balance of 10,000 USD and six real accounts: standard (deposit – 100 USD), crypto (deposit – 100 USD), ECN prime (deposit 500 USD), micro (deposit – 10 USD), MT5 (deposit – 100 USD) and swap-free (deposit – 100 USD; designed for traders of islamic faith). As you can see from this account structure, grand capital offers something for everyone: demo for practice, very low deposits if you simply want to test the waters, and regular deposits for more experienced traders.

Overall I like this brokerage better than others. The very low minimum deposit combined with great platforms and “no-hassle” live support makes them a good addition to the ever-expanding pool of online brokers.

The broker lists two addresses: grandcapital ltd. 24598 IBC 2018 (suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent, and the grenadines). Grand capital ltd. 036046 (suite 102 aarti chambers, mont fleuri, victoria, mahe, seychelles). They can be contacted at email [email protected] and phone +1 646 844 7187.

Grand capital complaints

Apart from a few isolated cases, grand capital enjoys a good reputation among users. Of course, no broker is without complaints, so you will find the usual unsatisfied customer here and there but there are no horror stories and no major scam allegations.

Grand capital regulatory warnings and announcements

At the time of writing there are no warnings or announcements coming from any financial watchdog regarding grand capital. If this will change in the future, we will make sure to update the review accordingly.

Grand capital bonus

The bonus offered by grand capital is 40% for the first deposit. The client’s money is free to withdraw, as well as the profits made using the bonus, which is a major advantage. Through trading, the client can eventually withdraw the bonus as well: 3 USD per 1 traded lot.

Grand capital withdrawal

Funds can be withdrawn via credit cards, wire transfers, bitcoin, and tons of e-wallets, including neteller, perfect money, skrill, webmoney, paypal and much more. Withdrawals via wire take between 3 and 5 working days, while the rest usually take up to 3 business days. There are no minimums specified on the website

Grand capital extras

LAMM (lot allocation management module) and RAMM (risk allocation & money management) accounts are copy trading services available at grand capital for beginners who are just making their first steps but also for experienced traders who want to save time or simply to diversify their trading. Grand capital also organizes trading contests on a regular basis.

Grand capital ratings

User friendliness 16/20

There’s a lot of info on their website but it’s all structured well so I didn’t have any problems finding what I was looking for. The website is translated into 15 languages, demo accounts are available, as well as mobile versions of the platform. U.S. Traders are not accepted.

Range of markets, spreads and leverage 16/20

The asset basket is huge, with over 500 assets on meta trader 4 and approximately 450 assets on meta trader 5. The spreads are tight for the ECN prime account (as low as 0.4 pips) and medium for the other accounts. The leverage goes up to 1:500.

Fees and support 15/20

It’s free to open an account, support is very fast and, more importantly, it is actually helpful. Withdrawal fees range from 0% to 2% but in some cases they can be higher, depending on the bank or payment processor.

Deposits and withdrawals 15/20

There’s are a lot of methods for deposits and withdrawals but the processing times are not the fastest. While most deposits are processed within 15 minutes, ethereum and ripple can take up to 1 day and some bank transfers up to 5 business days. Most withdrawals take up to 3 business days and the minimum is not specified.

Website extras 16/20

LAMM, RAMM (copy trading services) as well as trading contests on a regular basis. All are good additions to an already top tier broker.

Grandcapital review

Overview

Website

Company

Address

Phone

Email

Regulation

Unregulated, blacklisted, offshore

Warning

Rating

Grandcapital details

Grandcapital is an online trading broker owned by grandcapital ltd and located at suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines.

They can be contacted by phone number at +60179861002 +593987279765 +22507062277 or by email at [email protected].

Their website can be found at : grandcapital.Net

Traders opinion

To avoid being scammed by a con artist’s scheme, it is recommended to first take a look at what other people are saying about the company you want to invest in.

After doing some research on social medias (facebook, twitter, instagram…) and trading forums, we found out that some users are unhappy about their experience with grandcapital and wrote mixed reviews about it.
It seems like grandcapital is not a reliable broker and you should take that into consideration before investing.

If you don’t want to be the next victim of a fraudulent broker operating with a fake company, always do your own research first.

Is grandcapital legit or a scam?

This is the most important thing you need to know about a broker before using it. Is grandcapital regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complain about it unless they are licensed by a serious regulator such as:

The cyprus securities and exchange commission (cysec)

The financial conduct authority (FCA)

The australian securities and investments commission (ASIC)

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

You should definitely avoid any unregulated or offshore trading compagnies!

How online trading scams work

The common used strategy by fraudsters is to first display some winning trades on your account to give you the impression that you are quickly and effortlessly making money. This allow them to gain some trust and confidence from you.

Their next step is usually asking you to invest more money or get some friends and family to invest in order to get the maximum funds they can from you.

When they feel that you are not able to invest any more money into the scam, they will simply suspend your account and you probably won’t hear from them any longer.

Many scam firms fraudulently claim to be based in a regulated juridiction using fake addresses and regulation licences in order to look truthfull in the eyes of future clients.

Grand capital review

Overview

Grand capital has been working in the field of integrated services in financial markets since 2006. For this period the company has opened more than 30 regional offices around the globe.

Details

broker	grand capital
website URL	grandcapital.Net
founded	2006
headquarters	russia, moscow, teterinsky per., 4, building 1, office 213
support number	8-800-333-1003, +7 (495) 134-05-06
support types	chat, phone, contact form, e-mail, forum
minimum 1st deposit	$10
minimum trade amount	$1
bonus	5 types of bonuses
payout	up to 86%
leverage	1:1-1:2000
spread	from 0.4 points
free demo account	open demo
regulated
regulation	KROUFR
deposit methods	credit/debit cards, bank transfer, qiwi, [email protected], neteller, moneta.Ru, moneygram, yandex.Money, webmoney, etc.
Withdrawal methods	credit/debit cards, bank transfer, qiwi, neteller, moneta.Ru, yandex.Money, webmoney, etc.
Number of assets	100+
types of assets	CFD, futures, binary options
account currency	JPY, GBP, CHF, USD, EUR
US traders allowed
mobile trading
overall score	8.5/10

Full review

Grand capital appears to be one of the oldest brokers in russia. At the same time, the company maintains a balance between traditional proven strategies and new cutting-edge solutions. Today grand capital offers forex trading, binary options, cfds, investment portfolios of up to 330 assets of the stock and commodities markets, etc. Grand capital is a titled broker. The company participates in the largest forex-industry exhibitions and receives awards from the professional community.

Trading accounts of grand capital are protected by two-factor verification. There are 5 types of trading accounts available to the company’s clients:

A micro account with minimum deposit;

A standard account with a wide choice of trading instruments;

An option account for binary options;

A ECN account for scalping and automatic systems;

A swap free account for trading without swaps.

The company’s clients use metatrader-4 and webtrader for trading. They also make use of a mobile application.

Regulation of the broker

Grand capital is a member of finacom (the international finance commission). Finacom is an independent regulator in the field of forex trading.

Replenishment and withdrawal of funds

When it comes to depositing funds to your trading account in this company, you can use bank transfers, popular electronic payment systems, internet banks, etc. It will take you just one day to withdraw your earnings. The size of commission depends on the selected operator.

Complaints about grand capital

Grand capital has been on the market for a long time, so you can find many reviews about the broker on the internet. We have thoroughly analyzed the responses of traders and come up with the following conclusions. In most cases traders appreciate the terms of execution of orders, withdrawal of funds and the trading process in general. As for negative reviews, they seem to be responses from non-existent clients because their authors ignore the questions of the company’s representatives. It’s a good thing that grand capital rapidly reacts to the claims, responds to negative comments and understands the client’s problems.

If we find complaints about grand capital, we will post it on social media. Follow us to be well informed:

Is grand capital a scam?

Grand capital has been working in the brokerage market for 10 years, and every year the company increases its trading volumes. It’s a true fact in favor of the reliability of the broker. The activities of grand capital are regulated by finacom.

Bonuses

Grand capital has developed an extensive bonus program for its customers. The most popular bonuses of the company include: a no-deposit bonus of $500 for beginners, a bonus of 40% for any replenishment, bonus compensation for an unsuccessful trading day, rewards for inviting friends.

Summary

When dealing with grand capital, you can trade in various currency pairs, metals, indices, cfds, shares of various companies. In addition to such traditional assets as USD and EUR you can also open a trading account in swiss francs, british pounds and japanese yens. Those who prefer commodities can opt for gold, silver, palladium and platinum.

Grand capital offers its clients high quality investment services. For example, it’s possible to copy transactions of successful LAMM traders as well as investment portfolios. This move will help to minimize risks in your trading.

Deposits with the broker start at $10. The maximum leverage is 1:2000. The broker allows the use of trading robots and advisers. The withdrawal of funds from the broker occurs without delay. Grand capital conducts four regular competitions, three of which have to do with demo accounts.

Conclusion

Grand capital is a stable broker. Among the key advantages we should mention a large selection of tools for trading, a flexible premium program, interesting investment services, fast withdrawal of funds and high reliability of the brand (the company has been operating on the market since 2006).

Reviews

Excellent trading experience. What really liked is the platform. How many worked with different companies, this trading is more than satisfied with the rest.

I am seriously said its scam company, I am received practical experience its scam scam scam…………….

Grand capital review (grandcapital.Net scam)

Read our grand capital review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a grandcapital.Net review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So grand capital is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say. It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the managed account agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about grand capital in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Grand capital review conclusions

Making the grand capital review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the forex companies and any other company for that matter, before you perform any transaction. We hope that our grand capital review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Grand capital review

Grand capital

Reason to avoid: offshore license

Listed date: september 12, 2018

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Beware grand capital is a non-regulated broker. It is NOT SAFE to trade.

About grand capital

��️ registered in	st. Vincent and the grenadine
��️ type of license	offshore license
��️ is grand capital safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is grandcapital a scam or legit broker?

No, it is not safe to trade with grandcapital. Grandcapital is owned by grandcapital ltd., which is an offshore company registered in st. Vincent and the grenadine.

St. Vincent and the grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as brokerz, traderur and more. You can read our detailed article about the risk of trading with brokers from st. Vincent and the grenadines.

According to the grandcapital website, the broker is registered with the financial commission under the number 24598 IBC. Even though the finacom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

Grand capital ltd is an incorporated company that operates already for 11 years, while originally is russian company, yet performs the operation through its registered offices in st. Vincent and the grenadines and seychelles, along with 40 offices around the world as claimed by the company. Even though the company has achieved some significant results in their trading offerings alike enabled high-quality connection to the markets through ECN bridges, web-based terminal, access to over 330 assets, as well as the comfortable conditions for investment with copy trading and other additional sources to cover the needs of various traders. Moreover with the received awards and the titles ‘best broker’, ‘best trading technology’ and more from the world publicity and organizations.

Nevertheless, there is no confirmation about the regulatory compliance and the necessary protection of the clients, which enables international investors to trade rest assured. Also, the range of trading instruments includes options that put trading capital at risk alike trading on cfds, binaries along with an extreme level of leverage that comes up to 1:2000, and considered to be very highly adventure trading.

We advise all investors and traders to avoid grandcapital and other brokers from st. Vincent and the grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as IG markets and plus500.

Grand capital broker review – scam or legit platform? We noticed some complaints!

Meta trader 5 is arguably one of the most preferred and celebrated online trading platforms and a huge number of brokers are relying on this impressive solution. Grand capital is one of these brokers who facilitate their clients with highly impressive MT5…

The reason why most of the traders prefer MT4 is that this platform doesn’t push you into the installation of plug-ins. Our followers are really keen to know more about grand capital and its services. The platform serves you with 330 trading instrument and we have realized that it is more focused on currencies. The expiry times range from one minute to 48 hours.

Are you a fan of binary options trading and looking for a much transparent and reliable platform? How reliable are grand capital scam complaints? Where does this platform operate from? And is it regulated? Our today’s review will respond to all of these important questions.

Grand capital review summary

Summary: Grand capital has claimed for some time that it will becoming licensed as a regulated broker but to date this has never happened & therefore there is simply no way we could ever recommend trading with an unlicensed broker – especially not one that has received several complaints about withdrawal problems. If you have lost money to grand capital then continue reading to see what you can do to get it back.

To make things easier for you we’ve put together some links below which you can use to quickly navigate through all of the different sections of our in-depth grand capital review:

Grand capital background

Grand capital ltd. Owns and operates grand capital. The website contains the following information about the company:

Address 1. Suite 305, griffith corporate centre, p.O.Box 1510, beachmont kingstown, st. Vincent, and the grenadines.

Address 2. Suite 102 aarti chambers, mont fleuri, victoria, mahe, seychelles.

Phone. +7 812 389 66 79

The platform offers CFD and forex trading as well. In addition, you can trade cryptocurrency. Capital trade offers 18 crypto-pairs and a total of 38 currency pairs. You can open an account by depositing just 10$. The website advertises that there is no deposit commission.

Before 2016, you required $50 as the minimum deposit but the revised policy now favors the traders. Overall, this is a good platform with above average trading features.

Is grand capital regulated?

Grand capital is NOT regulated by a governmental regulatory authority. Like many other brokers, grand capital has also sought refuge under the cover of an unusual regulation known as the finacom membership. Though, stanislav vaeev (CEO, grand capital) once mentioned in one of his interviews that the cysec regulation was on the way. But each passing day gives rise to the doubts.

Though, the features offered by this platform are above average, we’ll love to see grand capital acquire a more reliable license.

Grand capital became the member of the international financial commission in 2016. In 2018, the broker was included to the category A (the highest reliability level). The international financial commission is not regulated. It is basically a dispute resolution service that hires the services of the industry professionals to form a committee and resolve the disputes. Remember, the international financial commission only compensates for forex trading disputes.

Grand capital complaints

There are a few things we don’t really expect from a seemingly impressive trading platform. Grand capital takes advertising beyond the realistic limits. It promotes binary options trading as a low risk – high return activity but the reality is that it takes a lot of experience and wisdom to generate consistent profit.

We don’t like to see the likes of grand capital opting for private regulatory authorities and non-governmental entities for licensing and membership. It damages the level of transparency we have been looking for.

There are a few bad reviews about grand capital but upon investigation, we’ve reached the conclusion that these reviews are fairly biased. We have evidence to prove that this broker making life hard for its clients.

Grand capital withdrawal

Grand capital facilitates withdrawals via wire transfer, credit/debit card, and e-wallets (skrill, perfect money, webmoney, neteller, and many more).

The processing of the withdrawal via wire transfer requires from 3 business days to 5 business days. Of course, the withdrawal via credit/debit and virtual cards require no more than 15 minutes.

Is grand capital a scam?

We don’t believe in grand capital scam complaints. Yes, there are a number of factors that push the platform into the shady region. Grand capital ltd. Was introduced in 2006 and it began its activities from russia. The company is not a scam because we haven’t found anything significant to second the rumors against the company.

We don’t really appreciate the membership of the international financial commission. This is not a regulatory authority and on top of that, it only resolves the issues related to forex trading.

Our verdict on grand capital

We DO NOT recommend grand capital even though the website is doing exceptionally great, and the company has a good reputation. We still don’t think that trading with such platforms is safe. The thing is that it is the duty of the online financial service provider to become more and more transparent. The CEO of grand capital once claimed in an interview that the cysec license was on its way but even after a long time, the claim still remains a dream.

Scammed by grand capital? Reclaim your funds

Since publishing this grand capital review we have come across numerous reports online from people claiming to have been scammed by grand capital which is pretty alarming… however at the same time given that the broker was never officially licensed whilst alarming this is not entirely surprising to us.

But anyway, if you yourself have been scammed by grand capital then what can you do? Well the good news is that here at stopping scammers we have put together a free money reclaim guide which walks you through the exact steps of getting your money back from a binary options scam.

We launched the guide in 2018 & to date it has helped thousands of people to successfully reclaim their funds from scam brokers and therefore if you have also lost money to a scam broker whether that be grand capital or another one then we know it can help you too.

A much better way to make real money

Here at stopping scammers the truth is that we’re not really big fans of online trading & we generally tend to recommend against it because we know there are so many better (and less risky) ways to make good money online.

It’s true that we’ve come across & exposed many scams here on this blog but in the process we’ve also come across many legitimate places that you can make good money with as well.

One of those places though has stood out from all of the rest & as a result we’ve given it the name of our number 1 recommendation for working from home. It’s helped thousands (if not tens of thousands) to build highly profitable online businesses & you can get access to it for free using the link below:

Scam online

Grand capital review

Grand capital information

Website: www.Grandcapital.Net; www.Grandcapital.Ru

Owner: grand capital group

Address: suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Email: support@grandcapital.Net

Warning:FSMA(belgium) has issued a public warning against this broker. We recommend to avoid this broker.

Scammed ? Get your money back.

If you are on this page it’s that you are victims of grand capital. You are surely unable to withdraw your money, it’s the most common scam of fraudulent brokers. We can help you get your money back, this is the best legal current solution if your bank doesn’t want to help you.

You just have to register to explain your situation, an expert will answer you quickly, the consultation is free.

Just click on the button below to get in touch with an expert or use our online chat (it’s better to use it if you lost more than $5000).

Grand capital regulation.

A broker must pay for regulated licenses to be able to offer trading. Grand capital doesn’t pay for licenses but it does offer trading which is prohibited by law.

Your money isn’t safe with grand capital.

To be able to offer trading, you must buy a regulatory license from a country where you want to settle. If you offer trading without licenses, you don’t respect the laws and become a fraudulent broker. Brokers who don’t have regulated licenses like grand capital will not give you your money back because they are outlaws.

Based in a country with weak regulations.

Grand capital is based in a country where the regulations are weak regarding trading. Countries like the marshall islands,vanuatu, seychelles, saint vincent and the grenadines, bermuda and bulgaria are deemed to be the location of fraudulent brokers because the legislation is weak.

Public warning against this broker.

The FSMA(belgium) has issued a public warning against grand capital. That is to say that he has offered trading in a country where he doesn’t have a regulated license. A broker who receives a public warning is a scam.

Never trust the broker.

It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money. If you unfortunately deposit your money and are asked to pay a fee to withdraw your money, don’t do it because you will give them even more money.

Get a chargeback now.

We put you in touch with the best money recovery company that has existed since 2016, mychargeback. We have received positive feedback from them and their experts are very professional. You just need to complete the form below (if you have lost more than $5000, use our chatbot directly). The consultation is free and doesn’t commit you to anything.

What are the chances of getting your money back?

Everything will depend on your file. Mychargeback has already helped many people and knows all the procedures to do with banks to build a solid file with you and recover your money. If you want to know more about the procedure, click here.

Our verdict.

Grand capital is a scam that doesn’t have regulated licenses. We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims.

Forex brokers lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

Regulators : finacom

Cryptocurrencies: YES

Minimum deposit: $10

Maximum leverage: 1:2000

Spreads: high

My score: 4.0

I was thinking to make grand capital review for a long time. Let’s start by giving some information about the company. Grand capital was established in russia and has been operating since 2006. The broker is an award winner and has experience for 12 years in the forex industry. The broker is owned by grand capital ltd., a company located in suite 102 aarti chambers, mont fleuri, victoria, mahe, seychelles.

Their website, grandcapital.Net, is taking visitors from russia also. Grand capital is the leader in the field of binary options and derivatives trading (CFD). Actually, the broker is the first russian company, which is integrated binary options in metatrader 4.

Before trading with this broker you should know some crucial information. Is grand capital scam or not? What is the broker’ trading platform? Is grand capital regulated? What are the trading conditions offered by grand capital such as account types, spreads, minimum deposit, and leverage? I will give the answers to these questions in this grandcapital review.

Grand capital regulation and investor protection

The broker is regulated by the financial commission (finacom), which is an independent self-regulatory organization and external dispute resolution (EDR) body, which is dedicated specifically to forex. The watchdog is located in hong kong but regulates a company from seychelles. That’s why the broker can’t give me enough confidence.

The finacom acts as an unbiased third party in disagreement in the forex and binary options markets between its members and their clients. It has a compensation fund and it covers judgments up to $5,000 or $10,000 per client, depending on the regulated company’s type of license. Grand capital is in B-category and any client of such company can be suitable for a compensation of up to $5000.

If we compare the organization with others. This regulator is not a major financial watchdog as the government does not back it. If the broker was regulated by cysec guaranteed up to 20,000 euro by investor compensation fund.

Account types and spreads

Grand capital offers three types of account. These accounts are micro, standard, ECN prime. There is also swap-free account which known as islamic account to investors of islamic belief. All accounts are commission-free except ECN prime. This is a good advantage for grand capital because most brokers have commissions.

As you can see in the table below, the minimum deposit for the micro account is only $10. Standard and islamic account have the same trading conditions except for execution. The minimum account is $100 for these account types. Clients of grand capital can choose between instant and market execution and fixed and variable spreads on micro and standard account types.

Account type	minimum deposit	spreads	minimum trade size	maximum leverage
micro	$10	2.2 pips on EUR/USD	0.01	1:500
standard	$100	2.2 pips on EUR/USD	0.01	1:2000
ECN prime	$500	1.2 pips on EUR/USD+ $5 /lot	0.01	1:100

Let’s talk about the spreads. Grand capital offers variable spreads on the commission-free accounts are averaged 2.2 pips on EUR/USD. It is quite high for the forex market. On ECN accounts, spreads are 1.2 pips and there is the commission of $5 per standard lot.

If we mention about the maximum leverage, the broker offers one of the highest in the industry. It reaches 1:2000. However, traders should be careful when using higher the leverage levels, for they face more risk of substantial losses. The leverage may vary depending on account types. It is 1:500 for micro and 1:100 for ECN.

Trading platforms

Grand capital supports the metatrader4 which is the most popular platform among brokers and investors like most FX brokers. It is popular because it has easy use and it provides all the necessary tools and features for traders to analyze price dynamics of financial instruments, execute trades and create.

Trading instruments

Grand capital broker also offers trading binary options and other instruments such as forex, cryptocurrency, CFD, futures contracts on the widely used metatrader 4 platform under pretty good trading conditions. The cryptocurrencies that offered by the broker are bitcoin, ethereum, peercoin, namecoin, dashcoin, litecoin and more. Presently, there are 20 crypto pairs available for trade on ECN prime accounts.

Customer service

There is the live chat and they respond quickly. Their website is well-designed and supports many languages such as english, german, spanish, french, arabic, indonesian, russian, chinese, armenian and more. Grand capital is multiple winners of russian and international exhibitions in the nominations – best binary options broker, best standard forex broker, best micro forex broker.

Deposit and withdrawal methods of grand capital

Grand capital offers to its clients’ various payment methods. These are wire transfer, credit/debit card maestro or credit card (visa, mastercard) and e-wallets, such as skrill, neteller, PAYEER, perfect money, fasapay, webmoney, okpay, moneta.Ru, regularpay, china unionpay, as crypto bitcoin, ethereum and others.

Deposits via wire take between 3 and 5 working days, while credit card and e-wallet deposits are processed as fast as 15 minutes. Withdrawals can be made through the same methods and generally take up to 3 working days to process.

Conclusion

Grand capital is a forex broker who is regulated by financial commission. This regulation is not as strong as FCA, ASIC or cysec. So, I don’t mean grand capital is a scam but you should be careful. The spreads that grand capital offers are high. There are a lot of brokers who have better trading conditions and you can check my website to read their reviews.

Grand capital review 2021 : scam or not?

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A brief history

Introduction:

The broker sounds too good to be true and when something sounds too good to be true, it probably isn’t. Same is the case with the broker grand capital. The broker creates a picture of a safe trade in the min of the trader at the same time, eating out his profits in terms of commissions and spreads.

Grand capital: account types

The broker offers more than trading accounts. So many accounts create a sense of confusion in the head of the trader and when that happens, loss incurs. The trader may opt for an account that is less suited and the broker just won’t care. Instead of elaborating how each account works and for whom it works best, the broker provides whichever account the trader asks for. A responsible broker should make sure that the trade holds an account that is best suited according to the level of expertise he has.

One of the accounts of the brokers asks for $500 as a minimum balance to trade. This account is an ECN account which means that the broker has a third party liquidity provider involved here. Such liquidity providers move the market at their will and towards the direction of their profits. The broker at one point of time astarts acting as the broker of the provider instead of being the broker of the trader.

The broker differentiates its account on th basis of the trading platform. The older version of metatrader, MT4, has 4 tradable accounts while the updated version only provides with an ECN account. ECN brokers are not considered safe by day traders because they move spreads at their will, mostly when the market is volatile. The broker does not offer algorithmic trading on the mobile app which is not working in its own end.

Spreads, commissions and leverage;

The broker asks for a large number of spreads when it comes to profit sharing. The commission on a CFD trade is $15 and that for a CFD ETF is 0.1% of the total trade. These rates are very much higher compared to what the market in general offers. There is no account that does not ask for spreads. Some ask for 0.5 pips. Some ask for 1 pip, but the commission exists. The broker also puts a limit to stop-loss orders. This can be seen as a scam approach to make sure that the trader’s loss is magnified as much as possible.

The broker grand capital provides unimaginably negative leverage ranging from 1:300 to 1:500. The more leverage a trader is exposed to, more are the chances of him losing the trade.

Grand capital: education and research:

The broker offers fake daily reviews in the name of education material and the economic calendar looks so fake. The broker fails to make worthy content in terms of education for its users. A novice trader can feel cheated when he starts trading with the broker since there is not education material at all that is beneficial for the trader in any situation.

The broker wants a trader to first register with itself and then it claims to provide with the trading education material. This is a clear scheme to make leads and create hem into potential traders. Such traders have a little idea of the market and are bound to fail in initial trades.

Regulation:

The broker claims to be a part of a forex change industry, making itself a third party in the market. There is nor registration number of the broker online, making it a complete scam. The broker also does not mention its own name under the regulations part, instead, as discussed, mentions a third party.

How can a trader trust such a broker that does not even provide the registration number of the firm? This is a complete unprofessional behaviour, and the broker depicting such behaviour is a scam.

Scam/safe:

The broker is a complete scam because it does not mention its regulation or the registration number on the website. The broker also asks for spreads and commissions that cannot be understood. The third-party involvement of a firm that speaks in place of the broker also rates doubts as well as clarifies that the broker is not legitimate. We advise our traders to move their financial to other firms.

Tradable assets:

The broker claims to provide more than 300 tradable assets and at the same time fails to provide any proof for the same. The acceptable cryptocurrencies are just three, with more than 1000 cryptocurrencies already circulated in the market. The broker claims that there is no trading happening on stocks, while provides real-time information for assets like currencies and indices. It has to be noted that stocks are the most traded instrument while currencies are the most dangerous. The broker makes sure that the potential trader feels like trading with currencies and cryptocurrencies because they can generate the maximum profits for the broker.

Platforms:

The broker shoves the older version of a trading platform, at the same time making the newer version also available. The account types associated with MT4 are more than 4, while that of MT5 is just one. It is very clear that the broker wants the user to use an older version, giving him more variety on that. Older versions are replaced by updated ones because they have a lot of issues with them. They have very less features and a minimum number of indicators.

The deliberate use of such a platform inherently forces the trader to be on the wrong side of the trade.

The game of liquidity.

The broker provides an ECN account, deliberately making the liquidity providers third party for trades. This is more than stupid, less than serious and specifically not the acts of a legitimate broker. These brokers start acting as the brokers of the liquidity providers instead of the traders after a point if time and such providers make sure that the trader is always at the less profitable side of the trade.

Grand capital is a complete scam:

The broker is a complete scam, as we have researched and should be taken off of the market immediately. The broker completely ignores the needs of its traders and then goes on to claim that it cares about them. The spreads are uneven, the broker moves them at his will. The commissions are very high, making the broker unsuitable for day traders and the account types are messy on their own.

We recommend our traders move their financial to brokers that are more reliable. Brokers that have a street-rep that is more than enough for the traders to believe. Brokers like tradeatf, hftrading, primefin etc have been around for a very long time. At the same time, these brokers have made sure that the trader has all his needs satisfied and the customer base remains maintained.

So, let's see, what we have: is grandcapital a scam? Read thatsucks.Com comprehensive grandcapital review and see what 10 real traders say about it. Help us rate this broker at is grand capital legit