Grand Capital ReviewMinimum Spread : 1.2
Foundation Year : 2006
Min Deposit $ 10
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Grand Capital Broker Review – Basics & Details: Grand Capital broker, based in Russia, is a trading firm which was established in 2006. The broker aims to offer robust services and a range of products for trading to its clients. Moreover, a trader would also get the benefit of trading platforms, low minimum deposit, and high leverage with Grand Capital. There are several methods to deposit & withdraw the funds and with no charges.
The article would do a brief Grand Capital broker review. It would list and examine the significant attributes of the platform for you.
Features Of Grand Capital Broker
The broker is owned by Grand Capital Ltd, an organization based in Seychelles, and is an award-winning platform. The broker regulates under the Financial Commission of Hong Kong, FinaCom, which is an external dispute resolution firm.
It has zero ‘tier’ 1 & 2 & one tier 3 regulations. However, FinaCom provides an investor’s compensation fund protection of $10,000 to the clients.
2. Spread Charges
Grand Capital broker’s spread charges are above than the industry rates. The average spread fee of a trade with the broker is 2.2 pips, while the industry average is 1.2 pips. However, a trader of ECN prime account type shall get the raw spreads directly from the market. But, the problem is Grand Capital charges commissions on ECN account holders above the spreads. So, the thing becomes the same for them too.
A trader of Grand Capital enjoys the benefit of high margin trading. A user can get a margin as high as 1:2000 when trading with this broker. However, remember that using too much margin is risky and can make you lose all your money.
The broker offers two most popular trading platforms to its users for trading, i.e. Meta Trader 4 & 5. MT4 is the most used trading platform in the stock market world and used by most brokers. Further, the MT5 is the newer version of MT4 and released by the same technical organization that developed MT 4.
Moreover, with the help of these platforms, a trader can make better price predictions and analysis. Some of the standard features of it are automated trading, charts, patterns, indicators, signals, and many more.
Both the platforms are available to use on the website, desktop, and the mobile version of the broker.
5. Bonus & Offers
There are a lot of promotional offers on Grand Capital for its users. First, there is a 40% bonus on every time you deposit or add funds to your account. Generally, a broker provides an offer for the first time deposit, but it is offering it every time.
Second, there is a no deposit bonus of $500 also, for every account holder. The amount is tradable up to 7 days after opening the account. But remember, you can only use maximum leverage of 1:100 with this 500 dollars amount.
6. Withdrawal & Deposit
There are several methods to deposit as well as withdraw funds on Grand Capital. The usual processing time is 15 minutes on deposits and 3-5 working days on withdrawing funds. The payments methods include Bitcoins, bank transfer, debit/credit cards, Skrill, Unionpay, and many.
There are no charges on depositing or withdrawing except bank charges. Make sure you check that with your bank.
7. Other Features
There are some more other features of Grand Capital brokers. Firstly, a trader can buy & sell cryptocurrency assets with this trading platform, which is not ordinary. Most brokers offer complex future derivatives of the crypto and not the real asset. Second, the minimum initial deposit is only $10. Thus, a beginner doesn’t need to worry about the high initial amounts.
Also, there are three different account types, namely, micro, standard, and ECN. All are different from each other and developed for different kinds of traders.
So, this was the Grand Capital broker review. We listed the top features of the online trading platform. Remember, to read them carefully and if required, visit the broker’s website too.
A broker that offers excellent service to its users can survive in the highly competitive market today. The users have several options to choose, and the right platforms help them earn good profit. The trading broker can offer facilities like tools, leverage, tight prices, education material, and expert’s pieces of advice to help traders grow.
Grand Capital is a well-established online trading broker who is working in the market for the last 14 years. Some of the best features of the broker include bonus & promotions, low minimum deposit, tools and platforms. While the problem lies with the regulations; the broker is not registered with any top tier financial authority.
Thus, even after offering high-quality services to the users for more than a decade, potential clients might have a problem with trustworthiness.
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