Grand Capital Review
With more than 10 years of experience in forex and CFDs trading, Grand Capital is genuine and secure. As the headquarters of its parent company is in Mahe, Seychelles; some investors expressed concerns about its reliability. Despite of winning “Best Standard Forex Broker,” “Best Micro Forex Broker” and several other awards; traders still have doubts on the Grand Capital. Grand Capital is regulated by SIBA, and its expansion in several Asian and European cities proves its trustworthiness. Despite several hurdles, the net worth of Grand Capital Ltd is increasing continuously, and Grand Capital is expanding its base.
Grand Capital Reliability – Is Grand Capital FX a scam?
As Grand Capital has been offering reliable services since 2006, it is not new to this field. The past history of Seychelles based firms is the main reason for doubts on the Grand Capital. Despite of its proven track record, new investors still hesitate as Grand Capital is not regulated by the European System of Financial Supervision (ESFS). This creates lot of suspicion on its abilities as well as its sustainability in the long run.
Frankly, these are unnecessary concerns as Grand Capital is a registered member of CRFIN. CRFIN is Russian based forex brokers group which created a set of regulations to be followed by its members. It is a self-regulating authority which aims to create international standards for Russian trading brokers. Being its member, Grand Capital will also operate based on the internationally accepted practices.
FinaCom, more popularly known as Financial Commission is an international body which plays the role of a mediator in case of any disputes between online forex trading communities. As this international organization accepted Grand Capital as one of its members, traders need not to worry much. FinaCom provides monetary compensation (up to $5000) in case of unforeseen events, and this gives much required confidence to new investors and traders.
To increase reliability and to create more confidence among investors, dependable and efficient trading platform is necessary. MetaTrader 4 is not only secure but also accepted by several trading companies as one of the best trading platforms available at present. To instil more confidence, Grand Capital has started offices in all the popular cities across the world. These regional offices were opened to offer support to local traders, but a large customer care team from London will oversee these local offices.
As already mentioned, Grand Capital received several awards for being successful. Financial trading industry takes several parameters into consideration before announcing an award, and the prestigious awards received by it proves its efficacy as a reliable broker.
MetaTrader 4, more popular in the forex community as MT4 is a proven trading platform. This easy to use, user-friendly trading platform was developed by MetaQuotes, and each and every tool in it is carefully designed to increase trader’s profitability. Even experienced traders love the automated trading option based on EAs. MT4 is now available for smart phones also, and several traders already started using this feature. That’s why Grand Capital recommends the use of MT4 by its traders.
Every trader’s needs are different and to meet their requirements, Grand Capital provides five types of trading account options. Traders can choose anyone of them and here is the list of five:
- $100 minimum deposit required and the most preferred one.
- Metals, currencies, CFDs, stocks and wide range of trading assets.
- Designed primarily for binary traders.
- Can achieve profits up to 86% per transaction.
- Suitable for small traders as the minimum deposit is $10.
- Those who don’t know much about online trading can try this.
- This account is designed keeping professional traders in mind, and the minimum deposit is $1000.
- Low trading costs and automated trading based on EAs.
- This trading account is designed keeping Islamic traders in mind.
- Minimum deposit requirement is $50.
Round the clock customer service offered by Grand Capital during the trading week is really helpful for traders. Availability of customer support in different languages is another big plus. Live chat, email and telephone are the options available, and the traders can use anyone of them to get an immediate response.
- Grand Capital is happy to offer Binary trading options also.
- A wide range of trading assets.
- Different Account opening options.
- Industry accepted dependable trading platform.
- Lucrative bonuses.
- Their official website looks old.
- Fixed spreads not available.
- Seychelles based broker.
- Educational materials can be more informative.
Lucrative bonuses and trading accounts meeting the needs of different traders made Grand Capital ideal choice for all those who want to start trading on a wide range of trading assets. Being in this industry for more than a decade, Grand Capital is reliable and secure. Beginner traders can also trade with them and earn profits.