Grand Capital Forex Trade Platform and Broker Review

Grand Capital Forex Trade Platform and Broker Review

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Grand Capital Broker Review

Grand Capital is an industry-leading Forex broker that provides traders with access to both CFD and cryptocurrency instruments. 

Grand Capital was founded in 2006 and has its main headquarters in Kingstown in St Vincent and the Grenadines. The broker also has a secondary office in Seychelles, and 40 client offices around the world. Grand Capital has 48 employees. 

Is Grand Capital Regulated?

Yes, Grand Capital is regulated by The Financial Commission (FinaCom) since 2016 and has been assigned Category A status since 2018. 

According to the official website, Grand Capital is under regulation for providing licensed investment and brokerage services by FinaCom, an international mediator serving the online foreign exchange industry.

Grand Capital’s regulations and Category A status guarantees the highest level of broker's reliability. All clients of a participating company are protected by the Compensation Fund which acts as an insurance policy.

Is Grand Capital Regulated in the United States?

No, Grand Capital is not regulated in Virginia or any other US state. 

Is Grand Capital Regulated in Europe?

No, Grand Capital is not regulated in Europe. The broker’s regulator, FinaCom, is an international mediator, but it does not operate under the Markets in Financial Instruments Directive (MiFID) for the European Economic Area. 

Is Grand Capital regulated in a Tier-1 Jurisdiction?

According to the Grand Capital website, Grand Capital is not regulated under Tier-1 jurisdiction. 

Tier-1 Jurisdiction would give brokers licensed jurisdiction in specific countries that fall within this jurisdiction. 

These countries are Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Traders from these countries can still open an account with Grand Capital, but they will not benefit from Tier-1 jurisdictional licensing and customer protection. 

Is Grand Capital regulated in Tier-2 Jurisdiction?

According to the official Grand Capital sources, Grand Capital is not regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction would allow traders from the following countries to benefit from jurisdictional regulation: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Grand Capital?

Grand Capital offers traders access to both MetaTrader 4 and MetaTrader 5, both of which are very popular software options, as well as WebTrader.  

  1. MetaTrader 4 from Grand Capital can be downloaded for Windows and macOS and has advanced trading capabilities with both technical and analytical trade features. The platform boasts comprehensive interactive charts, multiple trading order types, and one-click trading.  
  2. MetaTrader 5 from Grand Capital is the latest version of MetaTrader 4 that provides traders with over 80 technical indicators, three more time frames than MetaTrader 4, and both netting and hedging as position accounting systems.  
  3. WebTrader from Grand Capital allows traders to access both the MetaTrader 4 and MetaTrader 5 servers on any browser operating system with all the same functionality and native programs as the downloadable versions. 

Does Grand Capital Have a News Blog for Forex News?

Yes. Grand Capital offers a free News Blog under the Daily Reviews section of its website. Here, traders can follow the latest market news updated daily, which covers the most important market movements from around the world.  

Does Grand Capital Have a Traders Dashboard?

No, Grand Capital does not offer a Traders Dashboard. This tool allows users to access different data streams, consisting of both technical and fundamental analysis, from one convenient, central area.

Does Grand Capital Have an Educational Section?

No, Grand Capital does not offer an Educational Section on its website. An educational section would allow beginner traders to follow various tutorials and use different educational resources to improve their trading skills. 

What is the content of Grand Capital Forex Education?

Grand Capital does not offer a Forex Education section. However, the broker does offer some analytical features, such as daily market analysis, online currency rates, and market news. 

Is Grand Capital Legit?

Yes, Grand Capital is a legit Forex Broker and Trade Platform. Grand Capital has a FinaCom legal certificate to perform Forex Broker and trading services.

Is Grand Capital Safe?

According to the broker’s website, Grand Capital is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated by the Financial Commission and was granted Category A status in 2018. 

This FinaCom membership guarantees that clients of Grand Capital are under the protection of an international organization and the services provided to them are of high quality and comply with the standards of the Commission.

All clients of Grand Capital are protected by the Compensation Fund which acts as an insurance policy. Any client of such a company can be eligible for compensation of up to €20,000. The fund is held on a segregated account.

Is Grand Capital a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, security, online support, and cryptocurrencies, Grand Capital is a good broker. 

  1. In terms of trading speed, Grand Prime uses ECN connectivity for stable, high-quality execution with no requotes. Traders can also implement high-frequency strategies with Depth of Market (DOM) for transparent trading. 
  2. In terms of security, Grand Capital provides SSL data encryption and password security, while all client funds are stored in segregated accounts. 
  3. In terms of online support, Grand Capital provides excellent customer service that can be accessed directly from the broker’s website using the live chat function. 
  4. In terms of cryptocurrencies, clients can the most popular cryptocurrency options consisting of Bitcoin, Litecoin, and Ethereum across several crypto-fiat pairs, including BTCUSD, BCHUSD, ETHUSD, and LTCUSD. 

What is the Offering of Investment in Grand Capital?

Offerings of Grand Capital can be found below.

Feature Grand Capital
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does Grand Capital have Nasdaq?

Yes, Grand Capital allows traders access to the Nasdaq index in order to trade the most popular shares. The Nasdaq is the second-largest stock market in the world, and located in the USA, allowing traders to speculate on the shares of major Fortune 500 companies. 

What are the Awards of Grand Capital?

Forex Trading Platform Grand Capital’s awards are listed below.

  1. Top Investment Service Provider Africa 2020
  2. Fastest Growing Forex Broker 2019
  3. Top African ECN Broker 2019
  4. Best ECN / STP broker 2017
  5. Best Forex Broker in Africa 2017
  6. Best Trading Technology 2016
  7. Best Affiliate Program 2016
  8. Best Binary Options Broker
  9. Best Service for Managers
  10. Best Forex Broker in China
  11. Best Binary Options Broker

How to Use Grand Capital for Forex trading?

To use Grand Capital, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older
  3. They should be able to afford the minimum deposit of $10

If a Forex Trader has the conditions above, they can open a forex trading account to use Grand Capital. 

How to open a Forex trading account with Grand Capital?

To open a Forex Trading account with Grand Capital, a trader should follow the steps below.

  1. Choose the account type on the Grand Capital official website and click “Open”. 
  2. Review all the settings in the pop-up window and change them if needed. 
  3. Carefully read the documents listed at the bottom of the pop-up window and check the “I agree” box if you do. 
  4. Click “Create”. The account number and the account password will be sent to the email address you provided upon registration.

What is the Forex Trader Account Types with Grand Capital?

Forex Trading Platform and Financial Asset Management Institution Grand Capital has 7 different account types. Every Forex trading account type has different features and conditions with Grand Capital. 

Grand Capital Account Types are listed below. 

  1. Demo Account

  2. Standard Account

  3. MT5 Account

  4. ECN Prime Account

  5. Micro Account

  6. Crypto Account

  7. Swap-Free (Islamic) Account

  • Demo Account

The demo account from Grand Capital is free to all prospective traders. It allows users to test out the broker’s trade features before signing up for a live account. The demo account can be opened easily from the broker’s website and comes funded with virtual currency. 

  • Standard Account

The Standard Account is the best option for Forex Trading and offers access to the widest range of trading instruments including currency pairs, metals, and CFDs. The Standard Account comes with several trading conditions as described below. 

  • The minimum deposit is $100
  • Favorable trading conditions
  • Multicurrency account
  • Trading CFD on stocks and commodities
  • Bonus programs
  • MT5 Account

The MT5 account is designed for algorithmic trading in the MetaTrader 5 platform. The account boasts small spreads and fast execution, along with several other trading features described below. 

  • Over 400 instruments
  • Deposits from $100
  • Robot trading
  • ECN Prime Account

The ECN Prime Account is designed for more experienced traders, and is set up for scalping, news trading and using robots. amongst the other features described below. 

  • Immediate execution
  • High liquidity
  • Tight spreads
  • Micro Account

The Micro Account allows traders with smaller investment options or funds to trade on reduced levels, using a cent account with a very low minimum deposit of $10. The Micro Account also has several other features described below. 

  • Deposits from $10
  • 66 trading instruments
  • 1:500 leverage
  • Crypto Account

The Crypto Account is geared towards fast-paced, high-profit trading on the cryptocurrency market. The account provides access to high liquidity markets and immediate order execution. 

Orders are executed at the best market quotes, not depending on any external circumstances, and the account also offers several other features which are described below. 

  • 68 cryptocurrency pairs;
  • 1:5 leverage, deposits from $100;
  • Professional trading platform MT4.
  • Two-factor verification
  • Personal manager
  • Deposit in any currency via Visa/Mastercard, Skrill, Fasapay, WebMoney
  • Islamic Account

The Islamic Account from Grand Capital allows for no commissions being charged on positions held overnight, as this type of interest is prohibited under Sharia law. 

This account can also be useful to traders who employ long-term strategies, as the absence of swaps means no extra expenses when transferring a position through midnight.

  • Over 150 trading instruments
  • Multicurrency account with convenient leverage up to 1:500
  • Set up Swap-Free in your Private Office with one click.
  • You can hold several accounts of different types at the same time, including those with and without swaps.

How to Withdraw Money from Grand Capital?

To withdraw money from Grand Capital, the following should be done:

  1. Navigate to your account on the Grand Capital website
  2. Go to your Private Office
  3. Select your withdrawal currency in the Deposit/Withdrawal section.
  4. Select an account and enter an amount for the deposit.
  5. Follow the instructions.

How many days do deposits take with Grand Capital?

Deposits with Grand Capital are processed within 1 day, withdrawals from 1 to 3 days.

What are the costs and fees with Grand Capital?

There are three types of costs with Grand Capital. Commission costs will vary depending on the asset being traded, spread costs are for all account users, and swap costs will be applied to positions held overnight, but will not be incurred to Islamic Accounts. 

A Forex Trading Cost is incurred by traders as part of the fee structure for using the broker’s services. These costs can vary but typically consist of commissions and spreads, while some brokers charge additional fees such as inactivity fees.  

The Forex Trading Fees with Grand Capital are below. 

Spreads:

  • GBPUSD Spread: 27
  • EURUSD Spread: 17
  • EURGBP Spread: 16
  • FTSE Spread: 63
  • GBPUSD Spread: 27
  • Oil Spread: 17
  • Stocks Spread: Variable

Commissions: 

  • Cryptocurrencies – 0.5% commission
  • ECN Prime Account  – Forex, metals, and energies at $5, indices at $7
  • Standard Account – CFDs at $14-15
  • Swap-Free Account – Forex at $4-10, indices at $30, energies at $45, metals at $50
  • MT5 Account – Forex, metals, indices, and energies at $5-10
  • Stocks – charged at 0.1% for all accounts

What are the Trading Fees with Grand Capital?

Grand Capital compensates traders for all deposit and withdrawal fees. All traders who do not hold a swap-free Islamic Account will incur swap fees on positions held overnight. However, the interest can be credited or debited depending on the position. 

Traders of the Muslim faith can apply for a swap-free account which will allow them to avoid these fees, as interest is strictly prohibited by Sharia law. 

What is the minimum deposit in Grand Capital?

The recommended minimum initial amount is $10 for the Micro Account with Grand Capital. The Standard Account, which is the most popular amongst Forex traders specifically, will have a minimum deposit of $100.  

What are the contract specifications in Grand Capital?

Feature Grand Capital
Forex Trading Yes
CFDs 4
Forex Pairs 50+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 68
Social Trading  Yes

Does Grand Capital have promotional offers?

Yes, Grand Capital Trade and Exchange platform has promotional offers for existing and new forex trading account owners. These promotional offers are listed below.

  1. Demo Trading with real profit
  2. Any Deposit Bonus 40%

Does Grand Capital have a welcome bonus?

Yes, Grand Capital does have a Welcome Bonus. Grand Capital offers the 40% Any Deposit Bonus. The Welcome Bonus has the following features:

  • All profit received from trading the bonus funds is freely withdrawable.
  • Bonus can be renewed every 6 months by depositing 10% of the initial sum to your account.
  • In time the bonus funds pass into the client’s ownership at the rate of: $3 per 1 lot.
  • Bonus funds can be used for drawdown.

Does Grand Capital have a deposit bonus?

Yes, the deposit bonus in Grand Capital is the same as the 40% Any Deposit Bonus. The Deposit Bonus can be used for drawdown and can be renewed every 6 months by depositing 10% of the initial sum into your account. 

Is there a commission-free trade bonus in Grand Capital?

No, Grand Capital does not offer a commission-free trade bonus. However, the broker does cover all fees on deposits and withdrawals and offers competitive commissions on various assets. 

Is there a VIP bonus in Grand Capital?

No, Grand Capital does not offer a VIP bonus. The broker does not provide a special VIP account for high net-worth traders. However, such an account may be added to the broker’s account offering in the future.  

Can you start trading with no money at Grand Capital?

No, you cannot start trading with no money at Grand Capital. This is because Grand Capital does not offer a any deposit bonus. However, the broker does offer a 40% deposit bonus, which will allow traders to enhance the sum of their initial investment.

How does leverage work with Grand Capital?

Leverage can be described as additional money which is lent by the broker to the trader. These leveraged funds allow traders to open larger positions than they would have been able to initially. While leverage can amplify potential profits, it can also increase losses. 

Traders can use leverage with Grand Capital that will vary with the account type. For the Standard, Swap-Free and Micro Accounts, traders have a maximum leverage of 1:500. 

For the ECN Prime and MT5 Accounts, traders have a maximum leverage of 1:100. And for the Crypto Account, traders have a maximum leverage of 1:5.  

Where are the headquarters of Grand Capital?

Grand Capital is headquartered in Kingstown in St Vincent and the Grenadines. The broker also has a main office in Seychelles. 

Who is Grand Capital’s CEO?

The CEO of Grand Capital is Stanislav Vaneev, who founded Grand Capital in 2006 in Russia.  

What are the social media accounts of Grand Capital?

Traders can follow Grand Capital on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn 

How many employees do work for Grand Capital?

According to Zoominfo.com, Grand Capital has over 207 employees. 

What are the opinions about Grand Capital?

Grand Capital is a leading global Forex Broker that has many positive reviews amongst Forex traders. The broker offers over 330 assets, a comprehensive selection of trading instruments that can be accessed on the highly popular MetaTrader platform. 

While the broker may not be regulated by more reputable organizations such as the FCA, Grand Capital adheres to the FinaCom regulations and provides several comprehensive client protection measures. 

Grand Capital has won numerous awards and has an excellent standing within the industry. 

What is Grand Capital Contests?

Forex Contests are offered by some brokers as a means for traders to earn extra profits by competing against each other directly. Each contest will have different stakes and different trading parameters. 

Grand Capital offers several contests, which are described below. 

  • Micro Trade Contest: Contest for real accounts. The first prize is 300% of the difference in account equity. 
  • Drag Trade Contest: Contest for demo accounts. The first prize is $200 in real money. 
  • Rally Trade Contest: The contest is for demo accounts. The first prize is a $500 no deposit bonus
  • Future Trade: The contest is for demo accounts. The first prize is a $1000 no deposit bonus.  

Does Grand Capital have online support?

Yes, Grand Capital has an online support team for Forex trade account users. Traders can contact the online support team using the chat button on the broker’s website. This will open a chat window for direct access to a customer support team member, who will address questions in real-time.  

Does Grand Capital offer demo accounts for Forex trading?

Yes, Grand Capital offers a free demo account for all new traders. The demo account can be opened with the following steps:

  • Choose the account type and click “Open”. 
  • Review all the settings in the pop-up window and change them if needed. 
  • Carefully read the documents listed at the bottom of the pop-up window and check the “I agree” box if you do. 
  • Click “Create”. 
  • The account number and the account password will be sent to the email address you provided upon registration.

Does Grand Capital have a mobile app for Forex trading?

Yes, Grand Capital offers a mobile app that can be downloaded directly from the broker’s website. The app is compatible with both iOS and Android and grants mobile access to all of the broker’s assets and features.

 

Does Grand Capital publish an economic calendar?

An economic calendar is a popular resource that allows Forex traders to remain updated on pertinent economic information that is scheduled to be released, and which may impact market movements 

Grand Capital does offer an economic calendar. Grand Capital’s economic calendar provides information on financial events, forecasts, and historical data.

 

What is the communication information of Grand Capital?

Grand Capital has no telephone numbers and two local addresses. 

Grand Capital’s main local address is: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and the Grenadines