101,000 Grand Capital was founded in Russia and has been operating since 2006. The broker is a winner of the award and has 12 years of experience in the forex industry. The broker is owned by Grand Capital ltd., a company based in Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles. Before you trade with this broker, you need to know important information. Is Grand Capital a scam or not? What is a 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?
Review broker Grand Capital
Broker is regulated by the Financial Commission (FinaCom), which is an independent self-regulatory organization and external dispute resolution body (EDR) that is specifically designed for Forex. The Hong Kong-based company is operated from Seychelles. Therefore, the broker can not give you enough confidence. FinaCom acts as an impartial third party in the forex and binary options markets between its members and their clients. It has a compensation fund and includes court decisions of up to $5,000 or $10,000 per client, depending on the type of license the regulated company has. Grand Capital is a Category B, and any customer of such a company can receive compensation of up to $5,000.
If we compare an organisation with others, this broker is not the main financial observer because the government does not support it. If the broker is regulated by CySEC, up to 20,000 euros of payments are guaranteed by the Investor Compensation Fund.
Grand Capital offers three types of accounts. These accounts are Micro, Standard, ECN Prime. There is also a cashless account, which is known as an Islamic account for investors of the Islamic faith. All accounts without commission except ECN Prime. This is a good advantage for Grand Capital because most brokers have commissions.
The minimum deposit to a micro account is only $10. Standard and Islamic accounts have the same trading conditions, except for executions. The minimum bill is $100 for this type of account. Grand Capital clients can choose between instant and market performance, as well as fixed and variable spreads by Micro and Standard account type.
Grand Capital offers variable spreads on accounts no commission, average 2.2 pips per EUR/USD. This is high enough for the forex market. In ECN accounts, spreads are 1.2 pips and the standard lot is charged $5.
If we are talking about maximum leverage, the broker offers one of the highest in the industry, 1:2000. However, traders should be cautious about using higher leverage levels as they face a higher risk of significant losses. Leverage may vary depending on the type of account. There are 1:500 for Micro and 1:100 for ECN.
Grand Capital supports MetaTrader4, which is the most popular platform among brokers and investors, as do most currency brokers. It is popular because it is easy to use and provides investors with all the tools and features they need to analyze the price dynamics of financial instruments, trade and create.
Grand Capital Broker also offers trading binary options and other instruments such as forex, cryptocurrency, CFDs, futures on the commonly used MetaTrader 4 platform in pretty good trading conditions. Cryptocurrencies offered by the broker include bitcoins, Ethereum, Peercoin, Namecoin, Dashcoin, Litecoin and others. Currently 20 cryptopars are available to trade on ECN Prime accounts.
There are live chat and responsive. Their website is well thought out and supports many languages such as English, German, Spanish, French, Arabic, Indonesian, Russian, Chinese, Armenian and others. Grand Capital – multiple winner of Russian and international exhibitions in nominations: Best Binary Options Broker, Best Standard Forex Broker, Best Forex Micro Broker.
Grand Capital offers its customers different payment methods. These include bank transfers, Maestro credit/debit cards or credit cards (Visa, MasterCard) and electronic wallets such as Skrill, Neteller, PAYEER, Perfect Money, FasaPay, WebMoney, OKPay, Moneta.Ru, RegularPay, China UnionPay and others.
Non-cash deposits last from 3 to 5 business days and deposits using credit cards and e-wallets are processed within 15 minutes. Withdrawals can be made in the same way and usually last up to 3 business days.
Thus Grand Capital is a forex broker regulated by the Financial Commission. This Regulation is not as strong as FCA, ASIC or CySEC. It’s not like Grand Capital is a scam, but you have to be careful. The spreads grand capital offers are high. There are many brokers that have the best trading conditions and you read reviews about them.
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