June 5, 2020

Grand Capital Review – Is Grand Capital Scam or Legit Broker?

Grand Capital review

Regulators: FinaCom

Cryptocurrencies: YES

Minimum Deposit: $10

Maximum Leverage: 1:2000

Spreads: High

My Score: 4.0

I had been thinking to produce Grand Capital review for quite a while. Let’s begin by giving some information concerning the corporation. Grand Capital was created in Russia and it has been operating after all 2006. The broker is an award winner also it has experience for 1-2 years at the forex market. The broker is possessed by Grand Capital ltd., a firm situated in Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles.

Their site, grandcapital.net, is shooting traffic from Russia additionally. Grand Capital could be your pioneer within the sphere of binary options and derivatives trading (CFD). Actually, the broker could be your before all else Russian organization, that is incorporated binary options from MetaTrader 4.

Before investing together with this specific broker you ought to learn some critical info. Can Be Grand Capital scam or not? What’s the broker’s 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 Infographic

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 provide me enough confidence.

The FinaCom acts as an unbiased third party in a debate from the forex currency and binary options marketplaces medially its associates and their clientele. It’s a reparation fund that also ensures conclusions up to $5,000 or $10,000 each client, based upon the regulated company’s type of permit. Grand Capital is currently in B-Category and some other clients of such business may be acceptable for reimbursement of up to $5000.

If we compare the company along with other folks. This regulator isn’t just a key financial watchdog whilst the government doesn’t back. In case the broker was governed by CySEC ensured as much as 20,000 euro by Investor Compensation Fund.

Account Types and Spreads

Grand Capital provides three kinds of accounts. These reports include Micro, Standard, ECN Prime. There are also swap-free accounts that referred to as Islamic accounts to shareholders Islamic belief. These reports are all commission-free except ECN Prime. This really is a great convenience for Grand Capital because nearly all brokers possess commissions.

As you can observe from the table down from, the deposit to the Micro accounts is $10. Conventional and Islamic accounts possess the similarly trading requirements aside from implementation. The minimum consideration is currently $100 for all these accounts types. Customers of Grand Capital could choose medially instant and marketplace implementation and adjusted and changeable ranges on Micro and Standard account types.

Account kind Minimum residue 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 speak concerning the spreads. Grand Capital presents variable spreads over the commission-free accounts that have been totaled 2.2 pips on EUR/USD. It’s rather good for your forex marketplace. About ECN accounts, spreads are 1.2 pips and there’s the commission of 5 percent standard bunch.

If we say about the most leverage, then the broker offers a number among the highest within the business. It reaches 1:2000. But, traders ought to be attentive when utilizing high the leverage grades, because they face a greater danger of losses. The leverage might fluctuate according to account types. It’s 1:500 for both Micro and 1:100 for ECN.

Trading Platforms

Grand Capital affirms the MetaTrader4 That’s the very popular platform amongst brokers and investors enjoy nearly all FX brokers. It’s popular as it’s easy to use plus it provides all of the vital tools and features for traders to test cost dynamics of financial tools, implement trades and produce.

Trading Instruments

Grand Capital broker now offers trading binary options along with different tools like forex, cryptocurrency, CFD and futures on the widely-used MetaTrader 4 stage under pretty great trading requirements. The cryptocurrencies given by the broker are Bitcoin, Ethereum, Peercoin, Namecoin, Dashcoin, Litecoin and much more. Currently there are 20 crypto pairs offered to trade around ECN Prime accounts.

Customer Service

There really is the Livechat and they react fast. Their internet site has been well-designed and supports many languages like English, German, Spanish, French, Arabic, Indonesian, Russian, Chinese, Armenian and much more. Grand Capital consists of multiple winners of Russian and Global exhibitions from the nominations – Best Binary Options Broker, Best Standard Forex Broker, Best Micro Forex Broker.

Deposit and Withdrawal Methods of Grand Capital

Grand Capital provides to its Customers ‘ 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, Ethereumand others.

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

Grand Capital Withdrawal

Conclusion

Grand Capital is a forex broker who is regulated by the Financial Commission. This regulation is not as strong as FCA, ASIC or CySEC. So, I don’t mean Grand Capital is actually a scam however you ought to be mindful. The spreads that Grand Capital supplies are quite high. There is always a good deal of brokers who’ve improved trading requirements and also you also are able to check my site to learn their reviews.

Grand Capital

4

Trust

3.0/10

Commissions and charges

4.0/10

Customer Service

5.0/10

Platform & Tools

5.0/10

Product Portfolio

3.0/10

Pros

  • Regulated broker have expertise
  • High leverage amounts accessible
  • Very low deposit

Cons

  • Comparatively Substantial spreads
  • Trading platforms restricted