Lagrand Group is a CFD broker based in Switzerland, primarily offering services in indices, commodities, energy, futures, stocks, and swap trading. The official website of Lagrand Group is https://lagrandg.com/, available in English and Russian only. It is important to note that Lagrand Group is not regulated by any financial authority.
Company Background:
Lagrand Group is located at Churerstrasse 135, 8808 Pfäffikon, Switzerland. However, the company's headquarters, operational regions, and registration details are not publicly disclosed. Users can contact the company via phone or email for further inquiries. According to a whois lookup, Lagrand Group's domain, lagrandg.com, was registered in 2023, indicating a relatively short period of operation.
Registration and Login:
New users must register an account to begin trading. The platform supports email registration and requires users to provide their first name, last name, personal phone number, language preference (English or Russian), and country. Users can also input a promotional code if applicable. Additionally, users must confirm that they are at least 18 years old and agree to the relevant terms and conditions. Afterward, they can set their account password and successfully register. Registered users can log in using their account credentials.
Real Accounts and Account Verification:
Lagrand Group does not offer demo accounts; instead, users can open real trading accounts. The platform provides various trading tools, including forex, commodities, indices, and more. Lagrand Group follows a policy of segregating user funds from company operational funds, storing them separately in banks. Users with personal accounts can access the platform's trading education resources.
Account verification, known as Know Your Customer (KYC), is a mandatory requirement on Lagrand Group. This is in compliance with anti-money laundering and anti-terrorism financing laws.
How to conduct KYC verification?
To complete KYC verification, users need to submit personal information and supporting documents such as passports or driver's licenses. Lagrand Group assures users that their information will be kept secure and private.
Account Types:
Lagrand Group offers three distinct account types for users to choose from based on their preferences:
- Silver Account: This account type provides a leverage of 200:1 but does not include personal account manager services or swap trading discounts. Trading precision goes up to five decimal places. It does not offer free VPS services or customized investment news content.
- Gold Account: With a leverage of 300:1, the Gold account includes personal account manager services and offers up to a 25% swap trading discount. Similar to the Silver account, trading precision is up to five decimal places. It does not provide free VPS services but offers customized investment news content.
- Platinum Account: The Platinum account is the highest-tier account type, offering a leverage of up to 400:1. It includes personal account manager services and offers a significant 50% swap trading discount. Trading precision remains at five decimal places. Unlike the previous accounts, the Platinum account provides free VPS services and customized investment news content, catering to advanced investors' needs.
Market Instruments:
Lagrand Group provides various market instruments and CFD trading services, including:
- Forex: The forex market is one of the largest financial markets globally, attracting a wide range of investors, from large corporations to individual traders. Unlike stock markets, forex returns are influenced by national and currency policies.
- Indices: Global indices are used to assess the status of different industry markets, typically composed of stocks, funds, and other assets. These indices are also used to evaluate the overall health of economies or specific industries. Lagrand Group offers multiple global indices, including S&P 500, NASDAQ 100, FTSE 100, Nikkei 225, and DAX 30, among others.
- Stocks: Stock markets involve the buying and selling of listed company stocks. Once a company goes public, investors can purchase its shares. Lagrand Group offers a range of popular stocks, including Apple, Amazon, Microsoft, Tesla, Facebook, and Google (Alphabet).
- Futures: Futures contracts are legally binding agreements that allow the purchase or sale of standardized assets at predetermined prices in the future. Lagrand Group's futures contracts include Crude oil, Natural gas, Gold, S&P 500, NASDAQ 100, and Euro Stoxx 50, among others.
Trading Platform:
Lagrand Group does not use the MT4/MT5 trading platforms. Instead, the company offers its proprietary trading platform called Webtrader, available for both PC and mobile devices. The Webtrader platform requires no download or installation and provides access to financial markets through the internet. The platform boasts real-time quotes, comprehensive trading functions, charts, and analytical tools.
Deposit and Withdrawal Methods:
Lagrand Group supports multiple deposit and withdrawal methods. Deposits can be made via credit card payments and wire transfers. The company chooses to segregate user funds and store them separately in different financial institutions.
While there is no limit on deposits, withdrawals should not exceed the free margin. Withdrawals can be made through credit card payments by logging into the personal account and completing the withdrawal form.
Regulatory Status:
Lagrand Group is not regulated by any financial authority. Regulatory authorities typically ensure market compliance and transparency. The absence of regulatory oversight means that the company's trading activities are not supervised or audited by financial regulatory bodies. Therefore, investors should exercise caution when selecting a trading platform to safeguard their financial assets.
Summary:
In conclusion, Lagrand Group is an unregulated forex broker operating without oversight from any financial regulatory authority. It primarily offers CFD trading services in indices, commodities, energy, futures, stocks, and swap trading. It is important to note that this company has been flagged as "suspected of fraud" on TraderKnows. Investors are advised to steer clear of this platform and promptly withdraw their funds to protect their financial assets.
