Grand Capital Review
In 10 years of service, Gran Capital has demonstrated to be a trustable online provider of Contracts for Difference (CFD) and Forex broker services. Gran Capital is currently regulated by the Seychelles International Business Authority (SIBA). SIBA regulate Gran Capital due to this platform is owned by a holding company named Grand Capital Ltd which is based in Mahe, Seychelles.
Grand Captial is a multi-awarded company capable of win important acknowledgments such as “the Best Standard Forex Broker” and “ the Best Micro Forex Broker” in recent years. This award supports the statement of a high-quality CFD service of Grand Capital. In order to be as close as possible to the clients, they are expanded around the globe in the leading cities of Asia and Europe.
Can be Grand Capital trustable or is it a scam?
Despite the relatively recent introduction into the trading market, Grand Capital offers more than 10 years of highly awarded CFD service experience. Nonetheless, Grand Capital raise doubts about its reliability. This is because of 2 major concerns. First, the Mahe, Seychelles foundation since they are new to the online forex trading panorama. Second, they are not regulated by the UK’s Financial Conduct Authority (FCA) or the Cyprus Securities Exchange Commission. (CySEC), who are the major regulatory authorities of Europe. Although Grand Capital is not a European Union regulated broker it doesn’t mean is not reliable.
The center of Regulation in OTC Financial Instruments and Technologies (CRFIN) is a Russian regulation authority, in which the Grand Capital is currently regulated. This regulatory entity was created in 2010 in by the major Russian Forex Brokers in order to regulate and control the CRFIN members operations. So in this aspect, the Gran Capital business operations meet the regulations of an international standard.
In addition, Grand Capital is also a member of the Financial Commision (FinaCom). FInaCom is a mediator in the online forex community. So FInaCom is widely recognized around the world as a body that provides support for the CRFIN members clients. Therefore, the members of Grand Capital can feel secured as FinaCom offer a compensation fund. This fund is an insurance policy for $5000, which can be awarded by any trader.
Other Grand Captial security, is that they are capable of providing a tested trading platform that is reliable. Grand capital uses MetaTrader 4 (MT4) as a trading platform which is recognized as one of the best and most popular online forex trading platforms. The MT4 is the novice favorite as it is robust, reliable and user-friendly.
As a plus to the outstanding London customer support team, Grand Capital has offices all over the globe. This is in order to improve their local customer support.
To make Grand Capital feel safer, they have been awarded several times with international acknowledgments from the financial trading industry. The overall factors indicate that Grand Capital is a broker that can be trustable and capable of offering safe trades.
Online Trading Platforms
The MetaTrader 4 (MT4) trading platform was developed by MetaQuotes Software Corp. The MT4 is widely used by Grand Capital in order to ensure continuity of trading operations. The highlights of the MT4 platform is the friendly interface that features a wide variety of trading tools. These tools are designed to improve the trading capabilities of the customer. Moreover, Grand Capital offer Expert Advisors (EA). This EA provides an automated trading system that many veteran traders treasure. In addition to the MT4 desktop version, there is a smartphone version. This version helps the MT4 to trade anytime and anywhere they want without having to install the MT4 client.
Grand capital has a wide range of account types in order to attract the attention of the most diversity of clients. The account types are:
- Standard Trading Account: Min deposit requirement of $/€/?100, Wide range of trading assets
- Options Account: Geared to traders who want to trade the markets using binary options, Achieve returns as high as 86%
- Micro Account: Min Deposit of $/€/?10, Suited for traders who are just learning the ropes
- ECN Account: Min deposit of $/€/?1000, Designed for professional traders who want to use EAs and minimize trading costs
- Swap Free Account: Interest-free trading for Islamic traders
Commission & Spreads
Concerning the standard, micro, and Islamic trading accounts, Grand Capital offer minimum spread of just one pip. In the case of ECN accounts, they have lower spreads with a minimum start of 0.5 pips. Additionally, the CFD trading commission rates are minimal at $15 per trade and 0.1% of U.S. based equities.
Grand capital offers customer support through email, live chat, and telephone. In order to fulfill the most of the customer needs, the customer service is available 24 hours during the trading week. They also offer the customer service in the main languages of Asia such Chinese, Russian, and Indonesian.
Overall, Grand Capital have the benefits of being capable of binary options, extensive coverage of markets, simple and flexible account opening requirement, and generous bonus. All this in a robust, user-friendly and reliable trading platform. Nonetheless, not everything is rosy since it has the disadvantages of unavailable fixed spreads, insufficient localized telephone support numbers, lack of info and in-depth educational materials on their website.
To conclude, Grand Capital offer flexible account opening requirements that include generous bonuses. This ease the new customers to trade with them. The aforementioned makes Grand Capital suitable for new traders who want to experiment new markets before investing more money. Grand Capital has gained the reputation of a well-founded and reliable broker over the last 10 years.