Minimum Deposit: $10
Maximum Leverage: 1:2000
I was thinking about 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’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 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.
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 accounts. These accounts are Micro, Standard, ECN Prime. There is also a swap-free account known as an 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 accounts 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 a 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 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.
This broker offers MT4 to its users as desktop, web, and mobile versions also available is the MT5 option which are the most popular platforms 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.
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 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.
There is a 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 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 of Grand Capital Review
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 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.