Grand Capital is an award-winning broker which was established last 2006 in Russia. Grand Capital is owned by Grand Capital Ltd. which is a company registered in Mage, Seychelles and is regulated by FinaCom.
Grand Capital has won several awards during its 12 years of existence. Some of these awards include Best Standard Forex Broker and Best Micro Forex Broker. Such awards are an evidence of the quality service that they provide. They have offices in various cities around the world including the major cities in Asia and Europe.
Like other good brokers in the industry, Grand Capital also makes use of Meta Trader 4 or MT4 since it offers a wide range of trading tools that are specially made to enhance the trading capacity of anyone who uses it. The MT4 used by Grand Capital is very much known because of its robustness and reliability. Clients can customize it in order for it to go with their skill level and preference as well.
Furthermore, MT4 is a great choice among traders as it offers a lot of tools and resources that clients or traders need. Among these tools and resources include Expert Advisors, advanced charting tools, one-click trading and so much more.
Grand Capital has provided an option for their clients who use a mobile phone. They have created an alternative version of the MT4 for their clients who use a smartphone instead of using the web when trading. In here, they no longer have to install the MT4 client on their smartphones to trade.
Grand Capital offer their clients four account types where clients can choose from.
- Micro Account – requires $10 minimum deposit with a minimum trade size of 0.01 lot and maximum leverage of 1:500. The average spreads and commission are 2.2 pips.
- Standard Account – requires $100 minimum deposit with a minimum trade size of 0.01 lot and maximum leverage of 1:2000. The average spreads and commission is 2.2 pips.
- Swap-Free Account – requires $100 minimum deposit with a minimum trade size of 0.01 lot and maximum leverage of 1:2000. The average spreads and commission is 2.2 pips.
- ECN Prime Account – requires $500 minimum deposit with a minimum trade size of 0.01 lot and maximum leverage of 1:100. The average spreads and commission is 1.2 pips ($5 per lot).
Accounts holders for any account type with the exclusion of ECN account owners are offered with a commission-free trading. Grand Capital also offers a swap-free service for Islamic clients and investors.
Furthermore, if a client has more than $100,000 in his account, he is entitled to a VIP status which comes with a wide array of benefits. Some of these benefits include a personal manager and a charge-free deposit and withdrawal.
Clients can also enjoy the demo account offered by Grand Capital where they can practice trading first before doing the real thing. The demo account offered by Grand Capital is much more like the real trading as it offers on time trading updates and the like.
A minimum deposit of $10 is needed in order for someone to open a trading account with Grand Capital. This is such a low initial deposit compared to other brokers which need at least a hundred dollar to open an account.
Grand Capital is perhaps one of the brokers who offer a great number of payment methods for clients. Clients can either deposit or withdraw on the following: credit or debit card, Bitcoin, Skrill, Neteller, WebMoney, Perfect Money and other e-wallet services.
The maximum leverage offered to clients by Grand Capital is 1:2000. This is considered as one of the night leverages offered in the industry. But higher leverages also mean higher loses when a trader is not careful enough.
Spreads and Commissions
On commission-free accounts, Grand Capital offers an average of 2.2 pips. The same spread is also given to ECN accounts when a commission of $5 is added to the original spread of 1.2 pips.
Regulation and License
Grand Capital is under the regulation of Financial Commission or FinaCom. FinaCom is an internal dispute resolution organization based in Hong Kong which acts as the neutral third party in Forex disputes. Grand Capital also holds a Category B license which can offer a compensation as high as $5000.
Grand Capital offer customer support a 24-hour support during the trading days which is during weekdays. They offer support in different languages which can be done through email, live chat and telephone.
Benefits of Trading with Grand Capital
Trading with Grand Capital allows clients to enjoy flexible benefits and generous bonuses in as much as they can enjoy the alternative trading system with their mobile phones. It is even easy to open an account with them which makes it ideal for beginners.
- Flexible Account opening requirements
- Low initial deposit
- Diversified product portfolio
- High spread
- No trading platform choice
All in all, Grand Capital is a worth the try especially for those who are just new in trading. They are reputable brokers who have been ok the industry for quite a long time which means that they are no longer new to the game and they know what they are doing.