Grand Capital review

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 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 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 typeMinimum depositSpreadsMinimum trade sizeMaximum leverage
Micro $102.2 pips on EUR/USD0.011:500
Standard$1002.2 pips on EUR/USD0.011:2000
ECN Prime$5001.2 pips on EUR/USD+ $5 /lot0.011:100

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.

Grand Capital Withdrawal

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.

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Grand Capital

4

Trust

3.0/10

Commissions and fees

4.0/10

Customer Service

5.0/10

Platform & Tools

5.0/10

Product Portfolio

3.0/10

Pros

  • Regulated broker have experience
  • High leverage levels available
  • Very low minimum deposit

Cons

  • Comparatively high spreads
  • Trading platforms limited