Grand Capital Review

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Grand Capital Review – Is it scam or safe forex broker?

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads Execution
Micro $10 0.01 1:500 2.2 pips on EUR/USD Market/Instant
Standard $100 0.01 1:2000 2.2 pips on EUR/USD Market/Instant
Swap-free $100 0.01 1:2000 2.2 pips on EUR/USD Market
ECN Prime $500 0.01 1:100 1.2 pips on EUR/USD+ $5 /lot Market

The broker offers its clients a choice of three account types. All of them provide investors with the chance to trade in lower risk micro tradable lots and with access to the globally recognized MetaTrader4 platform. All accounts, except the ECN one, offer commission-free trading. On Micro and Standard account types, clients of Grand capital are able to choose between instant and market execution and fixed and variable spreads.

Clients with account balances of $100,000 or more acquire VIP status and are entitled certain benefits, such as 24% annual interest, no deposit and withdrawal fees, and personal manager.

What is more, Grand Capital offers Sharia-compliant swap-free service to investors of Islamic belief.

The Company. Security of funds

Grand Capital is an award-winning broker, offering trading in forex and various CFDs, as well as binaries, on both MetaQuotes’ platforms under pretty good trading conditions.

A professional brokerage firm that is originally from Russia, Grand Capital is in trading business since 2006. It is owned by Grand Capital ltd, a company registered in the Seychelles and regulated by the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization.

The FinaCom is an EDR organization which acts as a neutral third party in disputes in the forex and binary options markets between its members and their clients. Its compensation fund covers judgments up to $5,000 or $10,000 per client, depending on the regulated company’s type of license.

Grand Capital holds a B-Category license and any client of such company can be eligible for a compensation of up to $5000.

Trading Conditions

Minimum Initial Deposit
In order to open an account with Grand Capital, one has to deposit just $10, which is a really minim initial deposit. In comparison, LiteForex, also requires $10 as a start, while ForexBrokerInc has set a minimum initial deposit of $100, which applies to ECN accounts too.


Average Spreads & Commissions

Grand Capital’s variable spreads on the commission-free accounts are averaged 2.2 pips on EUR/USD, which s is comparatively high for the forex market. Typical spreads on ECN accounts, amount to 1.2 pips on EUR/USD, however, if we add the commission of $5 per standard lot, trading costs for this pair would also amount to around 2.2 pips.


Maximum Leverage

The maximum leverage rates offered by this broker are one of the highest in the industry, reaching 1:2000. Although some jurisdictions cap leverage to levels significantly lower than this (1:50 in the US), many forex brokers offer leverage equal to or exceeding 1:500, including ForexBrokerInc.

Traders, however, should be careful when using higher the leverage levels, for they involve greater risk of heavy losses.

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Trading Platforms

Like most FX brokers, Grand Capital supports the world’s leading trading platform MetaTrader 4, which is fully customizable for just about any trading situation, skill level and preference. With this broker it is available as desktop, web and mobile version.
MT4 provides all the tools and resources a trader needs: a number of technical indicators, advanced charting package, one-click trading option, Expert Advisers (EAs) and extensive back-testing environment.

The broker also added MetaTrader 5 to its offering. This platform has kept most of the features of the MT5, such as the great charting and the support of EAs, but on top of that allows trading in exchange-traded stocks, and some other perks.

Promotions
Grand capital provides attractive promotions. The most lucrative one is the no deposit bonus of $500, which is even available to Micro account holder who have deposited just $10. The bonus us provided for 7-day trading, during your account’s leverage can’t exceed 1:100.

The $500 bonus is available for withdrawal only after completing certain amount of trading operations on the replenished real account: For every $5 of your profit made on bonus account to become your asset, you must trade 1 lot (100 lots on the account type Micro).

What is more, this broker offers 40% bonus on each deposit.

As cryptocurrencies are gaining increasing popularity, the broker launched trading in CFDs on digital coins such as Bitcoin, Ethereum, Peercoin, Namecoin, Dashcoin, Litecoin and more. Currently, there are 20 crypto pairs available for trade on ECN Prime accounts (with a commission of 0.8%).

Payment Methods

Grand Capital’ clients are offered an array of payment methods: Wire Transfer, Credit/Debit card Maestro or Credit Card (Visa, MasterCard) and e-wallets, such as Skrill, Neteller, PAYEER, Perfect Money, FasaPay, WebMoney, OKPay, Moneta.Ru, RegularPay, China UnionPay, Bitcoin and others.

Besides, this broker is one of the few that accepts deposits and allowing withdrawals in Bitcoins (through OKPay).

Conclusion

Grand Capital is a reputable broker, which offers reasonable conditions for trading in currency pairs and CFDs, through the famous MT4 and MT5. Here are, in a nutshell, the Pros & Cons with regard to this broker:

Pros Cons
Regulated broker with 10 of experience Comparatively high spreads
Low minimum initail deposit, high leverage levels available
Both MT4 and MT5 supported
Diversified product portfolio, bonuses available
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Grand Capital

  • Company Grand Capital Ltd.
  • Founded in 2006
  • Online since 2007
  • Offices in
  • Bitcoin
  • Credit/debit cards
  • Ethereum
  • FasaPay
  • Local bank transfer
  • MoneyGram
  • Neteller
  • Payza
  • Perfect Money
  • Ripple
  • Skrill
  • Tether (USDT)
  • WebMoney
  • Western Union
  • Wire transfer
  • United States dollar
  • English
  • Russian

Account Types:

  • Minimum account size $10
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2
  • Minimum spread on EUR/USD, pips 1
  • Expert advisors Allowed
  • Trading instruments
  • MetaTrader 4
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2
  • Minimum spread on EUR/USD, pips 1
  • Commission (one-way) for CFD per 1 std. lot $15
  • Expert advisors Allowed
  • Trading instruments
  • MetaTrader 4
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) for CFD per 1 std. lot $15
  • Trading instruments
  • MetaTrader 4
  • Minimum account size $500
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $10
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
  • MetaTrader 4
  • WebTrader
  • Forex 1:100
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 0.4
  • Trading instruments
  • MetaTrader 4

Reviews

17 reviews of Grand Capital are presented here. All reviews represent only their author’s opinion, which is not necessarily based on the real facts.

The support team doesn’t reply right away, though it indeed works 24/7. As for the speed of the ord4er execution, services, everything is great.

They don’t pay , my withdrawal request is pending for along time , and support doesn’t answer my emails

I have been with this broker for ages now and for me it is definitely one of the top brokers out there. I would really recommend them if you are looking for a reliable broker where you can use an EA. My EA works perfect with them and I have never had any issues with withdrawal.

The company rule is you can withdraw ib commission after the 10th of month. i have made 1050$ ib commission i placed withdraw its take five days. second day they removed all the commisison only 30$ left there. when i gone to the support they said contact technical support which never give answers. There BDM is Gautam Das who was called me to join Grand Capital he is also not asnwering well. he is the manager of india. Never Join This Scam Company

Grand Capital they have wrost technical support. Once you place withdrawl recuest you think you will get in 3 days as there terms. But the third day they will decline your withdraw recuest and say rule no, 3.1.2 you cant withdraw money while trades are running even there is enough margin . They want client close all trades and wait three days without trading then we withdraw ??How its posible ?? lol what a joking broker they just dont give money back. sucks i dont suggest anyone to join them if you want your withdraw quick

I make trading in the last six months in the Grand Capital, and I am satisfied with this broker.Very Fast Deposit and Withdraw. Great support .

VERY BIG SILENT SCAM :)))) I OPEN A BONUS ACCOUNT WITH 500$, EXECUTION VERY NICE, AND I MAKE 130$. AFTER THIS I DEPOSIT MORE 130$. THE PROBLEM START HERE.

8 SECONDS TO OPEN AND CLOSE TRADES, PRICE HAVE 20 PIPS DIFERENCE FROM OTHER BROKERS ETC.. VERY BIG SCAMMERS.

EVERYTHING IS BEAUTIFUL TO YOU DEPOSIT BUT AFTER NIGHTMARE BEGINS .

Accidentally I saw the advert about bonus 40% on every deposit from this broker. I never heard about grand capital before. So I visited their site and was surprised – this broker has many instruments – cfd, binary options, forex. All instruments in mt 4. So i decided to open an account with 100$. Actually i did not regret – a lot of tools , very good platform . But the company with the registration of the Seychelles – and it’s not even a license. But other way its old company – founded in 2006. For a while I will continue trading with this broker.

I sent GC a support request that I was going to talk to my bank about a charge back the other day. then I get this email from them, that they have stopped me from withdrawing money.

Your withdrawal from account 1xxxx9 (Real Standard) FAILED

Reason: Withdraw your case is only possible currency by bank transfer.

Payment system: LiqPay.com

Request date and time: June 6, 2020, 9:25 p.m.

Manager comment: Withdraw your case is only possible currency by bank transfer.

View the details of your withdraw requests here: https://grandcapital.net/my/my/office/accounts/withdraw/requests

This message is automatically generated by Grand Capital Ltd.

Login URL: http://grandcapital.net/accounts/login/

They promised me 100% credit for depositing $500USD, received nothing.

To deposit funds, and withdraw funds, it is a nightmare. using russian middlemen websites to be able to transfer money over. Some websites had system errors. if you like spreading your credit card numbers all over Russia then go for it.

No data flow in MT4, sometimes waiting 5 minutes for data, they will blame your internet connection.

Grandcapital is reliable.Sergey is a nice account manager and i have had any problem with either depositing or withdrawal of funds

Opan and close of positions is very slow, on my demo account

In spite of the fact that Grand Capital Ltd. is not regulated by FSA, we are regulated and have all necessary licences.

All our clients are satisfied with their trading and our high-qualified service.

Full list of regulatory commissions and our licences is presented here:

1. There were not any withdrawal request from you on 29th of December.

2. We have client and technical online support that works 24/7.

Doesn’t trade during regular market hours, no response from customer services. Very disappointing.

Submit your review

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By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. [email protected]) will not be published. Please submit your normal e-mail address that can be used to contact you.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.

GrandCapital.net Review Visit site

Other websites of this company include GrandCapital.ru and GrandBroker.com

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 2000:1
Minimum to Open Live: $10
Established: 2006
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, 1510, Saint Vincent And Grenadines
Contact: [email protected], +1 646 844 7187
Regional offices:
Regulators:
Prohibited countries:

Yes

Yes

Trading platforms: MT4, MT5, WebTrader
Web Trading:
Mobile Trading:
Currencies: (330+)
Cryptocurrencies: (15+) Bitcoin, Litecoin, Ethereum
CFD: Stocks, Stock Indexes, Bonds

Yes

Yes

Scalping:
PAMM:
Deposit Methods: VISA, AdvCash, Bitcoin, ePayments, Ether/Ethereum, FasaPay, Help2Pay, Local Bank Deposits, Local Bank Transfers, Neteller, Payeer, Payza, PerfectMoney, RBK Money, Ripple, Tether, VLoad, WebMoney, Yandex Money
Withdrawal Methods: VISA, MasterCard, AdvCash, Bitcoin, Ether/Ethereum, FasaPay, Help2Pay, Local Bank Transfers, Neteller, Payeer, PayTrust88, Payza, PerfectMoney, Ripple, Tether, VLoad, WebMoney, Yandex Money

Live discussion

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Please update your review to include your account ID so that we can look into your situation. We’ll get back to you as soon as possible.

Service use: Live

Length of use: 0-3 Months

After opening an account of $488 with grand capital I did not receive the deposit bonus that they had promised. I did all they requested for the verication of my documents and was successful, but still did not get my deposit bonus. Again when trading with them, when you place the buy and sell stop orders they are tempering with my entry prices and changing them to ensure I do not make any profit at all. When I was trading the CAD news (4 march 17:00) I placed a buy stop order at 1.48450 and the current price was 1.48290. But when the trade was triggered I was surprised to find the entry price was changed to 1.48665. I don’t know who added the 200 points on my entry price or why this was done. This has been happening in my previous trades with them. Is this how grand capital operates? The CAD news trade moved about 1000 points (100 pips) but I was given a profit of just $13 on a lot size of 0.35 ($3.50 per pip) this is unacceptable. I made a screen shot of the trade it’s just that I don’t know how to attach it to this report. I wanted everyone to see what I am experiencing with this broker.

Feb 21, 2020 – No Rating After seeing the advert from Grand Capita that they offer 40% bonus on each deposit, I was attracted to them because their bonus offer was slightly above what other brokers are offering. Bit oncei deposited the money and the verication process completed, there as no bonus given . Right now I am Sending them Emails which they are not responding to. I feel the whole thing about Grand Capital is nothing but a hoax. If they are giving problems with just a bonus what more when I want to make a withdrawal?

Reply by Grand Capital submitted Feb 26, 2020 Dear Progress!

Please update your review and include your account ID so that we can look into your situation. We’ll get back to you as soon as possible.

Please update your review to include your account ID so that we can look into your situation. We’ll get back to you as soon as possible.

Service use: Live

Length of use: 3-6 Months

Service use: Live

Mike and his Partner Ronald Ameral of FOREX WEALTH GROUP / Elite Affiliates of GRAND CAPITAL are two Grade A Forex Scammers.

They Post heavily on craiglist. You can find them still posting in San Diego, San Fran and other cities across the board. HAVE YOU SEEN THIS :

Forex Wealth Group

Getting Started Making Long Term Profits

Note: * most people deposit 10k for Large daily profits VIP*35k deposits yields 2 to 5k daily ( we trade more which means more profits for you!) 100k to 1M * Premiere Profits 5% to 10% DAILY! On average trading. we are 50% partners with you profits paid weekly

Its your account and only you have access to your money,control and withdrawal ability. As your trader managing your account we only have access to the trading MT4 platform

STEER FAR AWAY FROM THESE CROOKS.

When I first spoke to Mike his conversation was mild toned that spoke HIGHLY of their Trading Skill & How they are ELITE AFFILIATES of GRAND CAPITAL.

Mike sent me Video Clips and Screenshots of “Clients” that were making Explosive Profits and said that was typical when you invest on a VIP Level @ $30,000. Since i was referred he said I get a VIP discount down to $15,000. He said deposit a check in his partner’s Wells Fargo Account:

Now I told him I didn’t feel rite doing that because my money is not protected. He said they are able to purchase Bitcoin for free. If I do it myself I’m going to get hit with big fees. He instructed me to signup with GRAND CAPITAL.NET

This is the Broker that they use to Trade your funds ( supposedly ) Mike CONSTANTLY contacted me about when will I have the Money. When will my Deposit be in, Do I have an ETA about when will the check clear to make the deposit. I kept in contact with Mike. He was ALWAYS AVAILABLE! When I called, HE PICKED UP!

When I texted him, HE RESPONDED. I told him it should clear by the next week. He was so adamant! Telling me he NEEDS to get me in as a Client asap. He ask me can I give $2000 to “HOLD MY SPOT”. This was around Christmas and I just spent a couple of 1000s on gifts. I told him TRUST ME its coming.

He stayed on me, Never rested on asking me do I have an “ETA”? Are you making Deposit Today!! d**n, He was bleeding on me. He said I need to get the Funds deposited so they can purchase the Bitcoin and get started ASAP.

Now my funds cleared. I had to deposit 3 Checks! Each deposit I sent him a pic proof, Every deposit he responded. The last deposit Mike turned into the Guy who was NOW TOO BUSY TO PICK UP HIS PHONE. I called him and he SENT me DIRECTLY TO HIS VOICEMAIL! d**n phone DIDN’T even RING ONCE!

And hes so sloppy with his scamming that he left his Instant Messenger on so I would know exactly WHEN HE READ MY TEXT BUT HE WOULDN’T respond. Realizing that MIKE was ignoring me, I texted him and let him know where is all that energy he had when he wanted my investment.

He answered 100% of my Calls. As soon as that LAST DEPOSIT went thru MIKE DID NOT ANSWER NOT ONE PHONE CALL!! ZERO, ZILCH. I asked for a refund. NOW HE RESPONDS and says its a typical Friday, he’ll contact me Monday, they purchased partial Bitcoin and he’ll give me a call. NOPE, ALL BS. He did not CALL ME.

Monday night, I requested another Refund. He responded and said he will connect with me tomorrow afternoon they are finishing up buying the rest of the Bitcoin. If I “NOW”want a Refund he will contact his partner. Of course the next day, MIKE DID NOT CALL. I called him and AGAIN he sent me to voicemail

I spoke to an Agency that deals with FOREX SCAMS and they specifically told me Mike , Ronald Ameral and Grand Capital are SCAMMERS. So when he sent me to voicemail again I knew for a fact he knew I found out. I told him I was going to report him.

NOW he responded and said He will contact me today and he got me a $5k bonus. He will get with me by the end of the day. BS.

Again Mike did not CALL ME nor Text me. Absolutely NOTHING. I texted him about the Agency exposing them.. NOW he responds and says give me your email address and he’ll send the refund request to his partner. He said my Bitcoin was “purchased”. He said I will get an email about the refund

OK here goes that mountain of Scamming BS. The email stated that if I want a Refund they will take 40% of my investment. I either take that or continue to trade. I denied that crap because they didn’t trade a d**n thing! All they did was purchase Bitcoin WITH MY MONEY, NOT THEIR MONEY, MINE. But there’s no Proof of that purchase!!

I told Mike I was going to sue him and he BLOCKED ME. So i called their Bluff and said I’ll take the 40% hit. They NEVER RESPONDED!!

While at my Bank explaining the scam and closing my account, My biz partner contacted Mike. He asked him WTF is going on. Now the refund status has changed since I called their 40% bluff. Now they said to get a refund I need to bring them a client who will invest with them AND I will get hit with a 40% surrender fee.

Now why the hell will I bring someone to them so they can SCAM THEM. Then that person would say I set them up. They changed my login details and emailed me a bogus login and said they purchased bitcoin, A big Front trying to act like they’re trading. I checked my account and there'[s not a d**n thing in it except words.

THEY COMPLETELY RIP ME OFF.

These guys Mike 619-756-9277 and Ronald Ameral of FOREX WEALTH GROUP & Elite Affiliates of GRAND CAPITAL.net and SCAMMERS AND CROOKS. STAY AWAY

IF YOU GIVE THEM YOUR INVESTMENT, THEY WILL DISAPPEAR AND SAY THEY’RE TOO BUSY. IF YOU PURCHASE BITCOIN YOURSELF AND CREATE YOUR OWN ACCOUNT, THEY WILL NOT ALLOW YOU TO WITHDRAW AND GET YOUR INVESTMENT BACK.

THEY WILL SAY YOU HAVE TO BRING THEM A CLIENT WHO INVEST THE SAME AMOUNT AS YOU AND THEY WILL TAKE 40% FROM YOUR INVESTMENT.

These Scums of the Earth Rip me off but I will make sure this hits all scam sites, search engines and blog site to protect anyone from investing in them. RUN FAR AWAY

YOU’VE BEEN WARNED.

THESE GUYS ARE DEMONS

We have investigated your situation and examined the screenshots of your correspondence with a certain Michael. We regret to inform you that you didn’t make your deposit with Grand Capital. You deposited your funds directly to an individual with whom we aren’t affiliated. You are likely to have become a victim of scammers.

We’re deeply sorry that you found yourself in such a situation, and we would like to urge everyone to be cautious!

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