Grand Capital is an ECN and Market Maker forex and CFD broker headquartered in Russia. Grand Capital offers a choice in retail investor accounts with minimum deposits that range from $10 to $500, depending on the account type.
Grand Capital offers a choice between six retail investor account types, namely:
- Micro Account
- Standard Account
- MT5 Account
- Crypto Account
- Swap-Free (Islamic) Account
- ECN Prime Account
To start trading with Grand Capital forex broker, retail forex traders must select the account type that they wish to use, complete the registration process, verify their identity and residential address, and deposit the required minimum amount accordingly. Grand Capital supports a wide range of deposit methods that can be used, including Bank transfer, Electronic Payment Systems, Cryptocurrencies, and Local Transfer Agents.
|A brief overview of Grand Capital|
|Broker Name||Grand Capital|
|Minimum Deposit Amount||$10|
|Minimum Deposit Fee||52.50 NGN on GTBank Nigeria, 0.5% on Perfect Money|
|Minimum Deposit Withdrawal Fee||
|Minimum Deposit Methods||
|Crypto Trading Offered?||Yes, Bitcoin, Bitcoin Cash, DASH, Ethereum, Ethereum Classic|
|Total Forex Pairs Offered||68+|
|Islamic Account Provided?||Yes|
|Account Activation Time||Less than 24 hours|
- Grand Capital is a forex broker that charges a minimum deposit amount of $10 when traders register a Micro Account with the broker.
- There are minimum deposit fees charged on GTBank Nigeria (52.50 NGN) and Perfect Money (0.5%).
- The deposit methods that Grand Capital offers include Bank transfer, Electronic Payment Systems, Cryptocurrencies, and Local Transfer Agents.
- What is Grand Capital’s Minimum Deposit?
Grand Capital’s minimum deposit is $10 on the Micro Account.
The minimum deposit required by Grand Capital will depend on the account type that the trader chooses. When compared to other brokers, Grand Capital has an extremely low minimum deposit on all its accounts. While the Micro Account requires a deposit of $10, other accounts require between $100 and $500, which is an industry-standard for most forex brokers.
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How can you deposit the minimum amount?
To deposit the minimum amount to the trading account held with Grand Capital, follow the instructions below:
- Once traders have registered an account with Grand Capital and it has been approved, traders can log into their private office.
- Once logged in, traders can select the option to deposit from their account interface, followed by choosing their preferred payment method.
- Traders can specify the amount that they wish to deposit, complete the form, and select the option to continue.
- The details of the deposit will be confirmed, and the trader can proceed for the deposit to be processed.
What are the deposit fees associated with a minimum deposit to Grand Capital?
Deposit fees relate to the charges applied by Grand Capital for the receipt of deposits through certain payment methods. The deposit fees charged by Grand Capital are as follows:
- GTBank Nigeria transfers – 52.50 NGN
- Perfect Money – 0.5% of the transaction amount
What are the deposit methods available for Grand Capital Forex Broker?
Grand Capital offers the following deposit methods when traders fund their trading account:
1. Bank Wire Transfer
- Bank Windhoek
- First National Bank (FNB) Namibia
- FNB South Africa
- GTBank Nigeria
- Paylivre Bank
- YES Bank
2. Electronic Payment Systems
- Ngan Luong
- Perfect Money
- Thunder X
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
4. Local Transfer Agents
- BOS Profit
- ForexRebateChanger (Indonesia)
- Indian Exchanger
Does Grand Capital have a minimum deposit requirement for account opening?
Yes, Grand Capital has a minimum deposit requirement when traders register an account. When traders register a trading account with Grand Capital for the first time, they must deposit the minimum amount indicated for the relevant account type to start using the account.
This minimum amount activates the trading account and allows traders to start trading in financial markets.
Does Grand Capital minimum deposit amount change according to the account types?
Yes, the minimum deposit that Grand Capital charges will change according to the different account types as follows:
- Micro Account – $10
- Standard Account – $100
- MT5 Account – $100
- Crypto Account – $100
- Swap-Free (Islamic) Account – $100
- ECN Prime Account – $500
What is the Grand Capital fund withdrawal process?
To request a withdrawal from a Grand Capital account, traders must complete an official withdrawal request in their Private Office on the website. Traders can choose the account from a dedicated list and select the option to “Withdraw” from the options offered.
When traders create a withdrawal request, they are required to complete the relevant form associated with the transfer of funds. Funds can only be withdrawn from the trading account using the same payment method that was used with deposits.
If the trader used several ways to deposit funds into their account, they must use the payment method that had the largest fund transfer to process their request. If traders use a withdrawal method different from the deposit method, their withdrawal will be declined.
Once traders fulfil these conditions and they have completed the withdrawal request, they can review their request and proceed. Traders must ensure that the data they provide is accurate before they submit the form, as Grand Capital will not be held liable for incorrectly processed withdrawals.
Once the form has been submitted, the withdrawal request will be submitted, from where it will be redirected to the correct department for processing. According to the official Grand Capital website, all withdrawal requests are processed within 1 working day.
Traders can view the progress of their withdrawal by logging onto their Private Office, selecting “Profile”, and proceeding to “Deposit and Withdrawal requests.”
For more information on Grand Capital forex broker and a full, comprehensive review on the forex broker, click here.