Grand Capital Review
Despite there being hundreds of forex brokers advertising their services right now, only a few can stand out from the crowd. And because there are so few of them around, I thought I would highlight my Grand Capital review for anyone who’s fed up with scammers and frauds.
About Grand Capital forex broker
The company Grand Capital Ltd. was founded in 2006 out of Russia, but it has expanded very rapidly since then. They started during the time when retail online forex trading was just becoming more popular around the world, but since then they have included more trading instruments. Today, Grand Capital boasts of having 44 offices in Russia and around the world, a feat for a 10-year old forex broker.
Compared to other major brokers in Europe like IG Markets and CMC markets that have been around for decades, the growth of Grand Capital is quite impressive. Besides just having plenty of clients, they handle a huge amount of transactions too, averaging about $4.7 billion in trading volume. Grand Capital have managed to grow exponentially by providing quality services to all their clients, which has placed them among the top forex brokers worldwide. In fact, Interfax placed Grand Capital in 18th place among the world’s forex brokers in 2016, up from the 24th position a year earlier.
For financial regulation, they rely mainly on the services of the Financial Commission (FinaCom). FinaCom is an independent external dispute resolution (EDR) body working with financial institutions all over the world. So far, FinaCom oversees about 30 forex brokers, and Grand Capital is among them. With FinaCom, Grand Capital clients get their account balances covered by up to $5,000 in case they have any complaints against the broker. The idea behind using FinaCom is to eliminate the need for bureaucracy and process, making conflict resolution a lot faster to achieve.
However, you probably won’t even have the need to contact FinaCom as you will not experience any problems with the broker. In addition to FinaCom, Grand Capital has the license to operate as a Dealer in Securities, issued by Seychelles.
Trading conditions working with Grand Capital
The broker has made trading possible for clients of all types, whether they are new to trading or seasoned traders. To achieve that, there are numerous trading instruments available to clients, all in the form of CFDs. Through the use of CFDs, there is increased profitability without as much capital requirements. They also provide access to various markets including forex pairs, stocks, commodities, indices, metals and energies. In addition, binary options are also available with a high profitability of 86%, more than most other binary options brokers.
To cater to various traders, there are also a variety of accounts available. For starters, a micro account requires only a $10 deposit and that gets you access to all the markets mentioned earlier, only in micro lots. Standard accounts provide access to standard lots, with the broker charging a spread. Grand Capital provides some of the tightest spreads, lowering transaction costs. ECN accounts have much tighter spreads, but they also charge a commission. For Muslims, they also have the option to use the swap free account with no overnight swaps.
All these are available on the MetaTrader platform, and along with other products, add to the various advantages of using Grand Capital. By the way, the Grand Capital bonus is very attractive, providing a 40% bonus on all deposits on to of a $500 no-deposit bonus available for 5 days.
Is Grand Capital legit?
There is no Grand Capital scam going on, and the overwhelming positive Grand Capital opinions just go to prove it. Checking the various Grand Capital reviews online show that most of their previous clients are happy with their services, and I too recommend using them for your trading.