Grand Capital was established in Russia and has been operating since 2006. The broker is an award winner and has experience for 16 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.
Grand Capital is multiple winners of Russian and international exhibitions in the nominations – Best Binary Options Broker, Best Standard Forex Broker, and Best Micro Forex Broker.
I was thinking about making a Grand Capital review for a long time. Let’s start by giving some information about the company.
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).
Before trading with this broker you should know some crucial information. Is Grand Capital scam or not? What is 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.
Regulation
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.
Financial institutions must meet certain requirements and are therefore subject to restrictions and guidelines. Regulation is very important for this reliability. The rules and laws that companies operating in the forex market must comply with are determined by the forex market regulation. The purpose of these rules is to protect you against the risk of loss and fraud, which has not been mentioned or hidden before.
Since the forex market is global, it is very prone to fraud. Some governments and independent organizations audit the forex market according to certain criteria.
Being registered with the regulatory agency and having a license, passing audits, informing customers about service changes, etc. are some of these criteria. That’s why it’s safer to work with licensed forex brokers to protect yourself from fraud. These brokers are subject to constant audits and reviews to meet the requirements.
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 A-Category and any client of such a company can be suitable for a compensation of up to €20,000.
Account Types and Spreads
Account Types and Spreads
Six account types are offered at Grand Capital with variable and different conditions, different minimum deposits and trading terms. These accounts are:
The Standard account
There is no commission applied to this type of account. However, the spread rate is around 1.0 pips. The maximum leverage offered on this account is 1:500 with USD, EUR, RUB, JPY, GBP, GOLD, mBTC, and mETH as the base currencies of the standard account. The minimum deposit for this account is $100 and there are around 330+ available trading instruments to trade with within this account. The Standard account is available on the MT4 platform.
The MT5 Account
With 0.4 pips presented on this type of account for trading, a commission is introduced of $5-10 on forex, indices, metals and energies trading. 400+ trading instruments are offered with this account. Yet, the only base currency for trading with this account is USD. This account is available for trading only on the MT5 platform and hence the great number of trading instruments. The maximum leverage offered on the MT5 account is 1:100 with the floating type of leverage presented.
The Micro account
Here, a minimum deposit of only $10 applies where no commission is added to trading transactions. Spread stands at 1.0 pips and 66 available trading instruments. The maximum leverage in the micro account is 1:500. The Micro account can be used on the MT4 trading platform.
The ECN Prime Account
With a $500 minimum deposit and a spread range of 0.4 pips. The ECN Prime account is having a commission applied to the trading instruments used. $5 is applied as a commission on forex, metals and energies. With floating leverage of the maximum amount offered of 1:100 and the base currency of the account is USD.
The Crypto Account
A commission of 0.5% is applied to transactions made with the crypto account. Here a minimum deposit of $100 is presented to traders with a spread of 0.4 pips. Maximum leverage of 1:3 is offered, and 68 trading instruments can be used. The base currency of the crypto account is USD and it can be used with the MT4 trading platform.
The Swap Free Account
A $100 is offered as the minimum deposit for the swap-free account. The spread range here is 1.0 pips and a commission is applied of $4-$10 on forex CFDs, $5 on Forex metals and different commission fee ranges for every CFD used to trade with this account. In other brokers too, the swap-free account can be called the Islamic account as it provides no swaps for Islamic believers from different countries. More than 150 available trading instruments are available in which the trading base currency of the account is only the USD. The swap-free account can be used on the MT4 trading platform. The maximum leverage presented on the account is 1:500.
The ECN and the MT5 account are the accounts presented by Grand Capital where floating leverage is offered which means that the maximum available leverage within these 2 accounts is 1:1000 only in case your nominal value of a trading position is up to $300,000.
The option of having a demo account using any of the 6 accounts presented by Grand Capital is available where traders mainly use the demo account in order to test knowledge, strategies or new techniques that can be applied in the real markets of forex but the risk is uncertain, And here comes the role of the Demo account to provide risk-free trials where the whole trading using the demo accounts is virtual so the trial and error process can take place in a safe risk-free environment.
Platforms
Trading Platforms
Grand Capital broker offers the best trading platforms in the forex market where they’re the most demanded trading platforms in the whole forex market. Developed by their main company, MetaQuotes, MT4 and MT5 are the forex trading platforms offered by the broker to facilitate the trading process to the traders with all the different features and tools presented within the same platform.
MT4 has great features that made the platform name shine in the forex world and make it the most popular and known platform for forex and CFDs traders. Advanced technical analysis capabilities (indicators, oscillators, candlesticks, etc.), flexible trading systems, trading robots, as well as a mobile app are well within the tools presented within the platform contributing to making the platform used by the majority of traders.
Some of the advantages offered by MT4 include:
- 330+ instruments for effective trading
- Mobile trading
- Comprehensive information about your trades
- Trailing Stop ( to lock positions and manage several accounts simultaneously)
MT5, on the other hand, is the next-gen of MT4 which provides all the advantages and more within its software. Here traders who create and test trading robots with complex settings, and value the stability of the terminal’s operation find this to be the absolute best trading platform for them. With a modern interface and a variety of analysis tools, MT5 provides a great trading experience.
Some of the main advantages of the MT5 trading platform are:
- Creation and testing of MT5 advisors
- Advanced trading functionality
- Extensive tools for analysis
- Virtual hosting
- MQL5 community
Both MT4 and MT5 can be used on all devices including mobile phones (including iPhone and Android) and Pc systems like IOS and Windows.
In addition to that, a web trader option is offered where you won’t have to download any app o use the platform and you can log into your account from any browser on the go to facilitate the trading process.
The main advantages to consider that the web trader provides are:
- Cross-browser compatibility
- Compatible with MetaTrader 4
- Technical analysis, up-to-date quotes and account information online.
- Full functionality of a trading terminal
- Trade in any place and at any time. No need to worry about compatibility.
Trading Instruments
Trading Instruments
Grand Capital broker offers different trading tools knowing how important it is to the traders to provide diversity into their trading accounts and so multiple trading products are a must in the modern forex trading world.
These trading instruments available for use with Grand Capital are :
Forex: where you can trade major, and exotic currency pairs with tight spreads as well as having the option to choose from 50+ different currency pairs. The advantage of the forex market is that it’s a fluid product with a constantly fluctuating price, which creates opportunities for making huge profits for traders.
Metals: Gold and silver represent the most popular spot metals for trading as they play an important role in making great profits and hedge positions for traders. Spot metals still occupy an important place in financial markets. In times of global economic crises, they act as reserve currencies, and their prices start growing.
Stocks: Google, Facebook, Apple, Amazon and others are examples of the stocks of major organizations of the world that are available for trade with Grand Capital. with 93+ stocks to be traded in, stocks are a great option for traders nowadays to hedge their positions.
Indices: S&P 500, DAX 30, CAC 40, Nasdaq 100 and more which represent the world’s biggest indices are all tools to be used and are also widely popular among traders due to risk diversification. Indices traders are insured against drawdowns due to the variety of stocks included in indices.
Cryptocurrencies: taking the world by storm recently, cryptocurrency trading has shown that’s not some sort of a trend that’s here to last for a season. Bitcoin, Litecoin, Ethereum, and more are examples of different types of cryptos you can trade with the broker. This represents a great advantage to the traders as they can trade with cryptos 24/7 with no time for the market to close or open like forex trading as well as having the option to trade with leverage. With 61+ different tools, cryptocurrency exists solely as data with no tangible form.
Energy Commodities: WTI, Brent, and natural gas are provided for traders to make a profit through buying and selling due to the prices of oil being highly volatile.
Customer Service
Customer Service
There are different channels to get in touch with customer support and that in itself is a great way to provide traders with a good customer experience as long as the support is always a click away.
You can get in touch with customer service through live chat which is quite efficient. In addition to the presence of Grand Capital‘s different social media platforms where you can follow up on the broker’s news and updates. You can send a mail or get in touch via phone calls all the numbers and emails are present on the official website. Where you can contact the customer interaction department via email at support@grandcapital.net. You can also contact the Partnership department, the Analytics department, and even the HR department.
Their website is well-designed and supports many languages such as English, German, Spanish, French, Arabic, Indonesian, Russian, Chinese, Armenian, and more.
Payment Methods
Deposit and Withdrawal Methods of Grand Capital
Grand Capital presents different means of funding as well as withdrawals to match all channels to reach the traders as soon and as easily as possible.
The funding methods include :
- International Bank cards ( with 15 minutes as processing time)
- Bank transfer (with a maximum of 1 business day for processing time)
- E-wallet options like Astropay, Fasapay, Perfect Money, Pay Redeem and more ( take 15 minutes processing time to take place)
- Cryptocurrencies like Bitcoin, Ethereum, and Tether ( where processing time is 24 hours)
- local transfer agents in Indonesia and India ( processing time varies)
And when it comes to withdrawals, a very appealing variety of choices present themselves to the traders so withdrawals are no longer an issue to worry about.
Some examples of withdrawal channels include:
- Bank transfer ( can take up to a maximum of 3 days to process)
- E-wallet systems ( 3 days of processing time)
- Cryptocurrencies ( 3 days to be transferred)
- Local transfer agents ( from 10 minutes to 3 days to process payments)
No commissions are applied on depositing transactions However, the minimal commission is applied on withdrawal transactions that might vary according to the withdrawal method used.
Conclusion
Conclusion of Grand Capital Review
As we’ve reviewed in this Grand Capital review the broker is regulated by FinaCom, where a compensation scheme is set in place for around EUR20.000 per trader. Which is a great representation of the level of protection of traders’ funds against any scams or financial crises. I guess that answers the question I get so many times which is “is grand capital regulated” and the answer is an absolute yes.
The broker is providing a marvellous variety of account types to match all sorts of traders with different techniques in addition to the presence of a demo account and a swap-free account in both both are directed to specific categories of traders.
Grand Capital allows the presence of the forex markets’ most popular trading platforms to be available for their traders which are the MT4 and MT5 in addition to the webTrader and the special application developed by the broker which all provides easy access to the markets and a one click trade anywhere, anytime.
Different trading instruments are offered for trade on both trading platforms including forex, Metals CFDs, Energies, Indices, Stocks, Commodities and cryptocurrencies which all have different leverage offered to prove the best profit for the trades and a great diversity to traders’ profiles.
The Minimum deposit within Grand Capital is $10 and the maximum leverage offered on the trading accounts is 1:500 with the option to have floating leverage on the ECN and MT5 accounts.
Good customer service and a great variety of funding and withdrawal methods make it easy to have a pleasant trading experience with the broker.
Yet, if you want to check other options for other brokers who have better trading conditions and you can check my website to read their reviews at this link.
And also if you have any questions don’t hesitate to contact me. I’m here to help you! You can contact me on this page.
