Grand Capital is a foreign exchange broker whose official website domain was registered on March 9, 2007. It primarily offers services to investors in trading financial derivatives such as foreign exchange, stocks, metals, indices, energy, commodities, and cryptocurrencies, but the global headquarters address is unknown. This broker does not provide services in jurisdictions that may violate local laws, such as the United States and Japan.
Registration and Regulatory Information:
According to public information on the Grand Capital official website, the company was established in 2006 and is registered in Seychelles with the registered entity Grand Capital Ltd. The specific registration address is Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles, and the registration number is 036046. Grand Capital also claims to be a member of The Financial Commission. In addition, their Terms of Service document indicates that the broker abides by the laws of Saint Vincent and the Grenadines.
Upon verification, the Seychelles Business Registry and the Seychelles Financial Services Authority (FSA) have no records of any corporate entity named Grand Capital Ltd with registration number 036046. The Financial Commission has only accepted a Seychelles-registered corporate entity of Grand Capital as a member, and does not accept the broker's company registered in Saint Vincent and the Grenadines. The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) has records of a similarly named entity, but it’s unclear if there is any association. The Financial Commission acts as a non-official self-regulatory organization and does not offer any regulation. Similarly, the SVGFSA does not regulate foreign exchange and other financial derivative transactions.
Additionally, during the investigation, it was found that Grand Capital Ltd and its domain https://grandcapital.net were included in the warning list by the Hellenic Capital Market Commission on March 15, 2023.
Moreover, it has been discovered that the Grand Capital official website was first logged by Google on August 14, 2023.
Account Opening:
To open an account with Grand Capital: visit the broker's official website, click on "Open a real account" on the homepage or "Register" at the top right corner of the webpage, enter information such as name, phone number, email address, and submit. After submission, the account can be successfully registered and logged in automatically.
Account Types:
Grand Capital offers six types of real trading accounts: Standard Account, MT5 Account, Micro Account, ECN Prime Account, Swap Free Account, Crypto Account.
Standard Account:
- Minimum initial deposit amount: $100
- Spread: Starting at 1 point
- Trading commission: Forex, $0; CFDs, $14-$15; US stocks CFDs, 0.1%; ETF CFDs, 0.1%
- Margin call/Stop out level: 100% / 40%
- Trading instruments: 330 varieties
- Leverage: From 1:1 to 1:1000
- Base currencies: USD, EUR, RUB, JPY, GBP, MMK
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT4
MT5 Account:
- Minimum initial deposit amount: $100
- Spread: Starting at 0.4 points
- Trading commission: Forex, metals, indices, energy all at $5-$10; contracts for different countries such as USA, EURO, Russia, Asia etc., 0.1%; cryptocurrencies, 0.5%; ETF CFDs, 0.1%
- Margin call/Stop out level: 100% / 80%
- Trading instruments: Over 400
- Leverage: From 1:1 to 1:1000
- Base currency: USD
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT5
Micro Account:
- Minimum initial deposit amount: $10
- Spread: Starting at 1 point
- Trading commission: $0
- Margin call/Stop out level: 100% / 40%
- Trading instruments: 66 varieties
- Leverage: From 1:1 to 1:500
- Base currencies: USD, EUR, RUB, GBP
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT4
ECN Prime Account:
- Minimum initial deposit amount: $500
- Spread: Starting at 0.4 points
- Trading commission: Forex, metals, energy at $5; indices at $7; ETF CFDs at 0.1%; US stock CFDs at 0.1%; European stock CFDs at 0.1%
- Margin call/Stop out level: 100% / 80%
- Trading instruments: 38 varieties
- Leverage: From 1:1 to 1:100
- Base currency: USD
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT4
Swap Free Account:
- Minimum initial deposit amount: $100
- Spread: Starting at 1 point
- Trading commission: Forex at $5; Forex metals at $10; Index CFDs at $30; Energy CFDs at $45; Metal CFDs at $50; Currency CFDs at $35; Bond CFDs at $55; Commodity CFDs at $10; US and Russian stock CFDs at 0.10% (required to trade one lot per day).
- Margin call/Stop out level: 100% / 40%
- Trading instruments: More than 150 types
- Leverage: From 1:1 to 1:1000
- Base currency: USD
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT4
Crypto Account:
- Minimum initial deposit amount: $100
- Spread: Starting at 0.4 points
- Trading commission: 0.5%
- Margin call/Stop out level: 100% / 80%
- Trading instruments: 68 types
- Leverage: 1:5
- Base currency: USD
- Minimum trade size: 0.01 lots, step size 0.01 lots
- Trading terminal: WebTrader and MT4
Trading Platforms:
Grand Capital offers MT4, MT5, and its proprietary WebTrader trading platforms to users.
Deposits and Withdrawals:
Grand Capital supports deposits and withdrawals via bank cards, bank transfers, electronic payment systems, cryptocurrencies, and local transfer agents.
Conclusion:
Traderknows warns investors that Grand Capital is an unregulated forex broker and is suspected of engaging in false advertising. Investors are advised to choose brokers with transparency, strong regulation, and good reputation for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
