Grand Capital Review 2024: Scam Or Safe? Uncovered Pros & Cons

Grand Capital is an offshore online brokerage firm that has been serving clients globally for over a decade. Originally known as Grand Broker, the company underwent a rebranding recently to reflect its expanding range of services and international reach.

Although the rebranding process helped the company in gaining a substantial client base, it also resulted in confusion among potential users. So, to settle it out, we have created a comprehensive Grand Capital review that provides traders with detailed information about the platform’s services, fees, trading platforms, products, and more.

This insightful review aims to provide the platform’s potential users with a clear understanding of the features and benefits offered by Grand Capital, allowing them to make an informed decision about whether this platform is the right fit for their trading needs.

What Is Grand Capital?

Grand Capital is a CFD services provider founded in 2006 and has its headquarters in Seychelles. The broker is specialized in offering investing & trading services on a wide variety of asset classes.

In addition to its trading services, the brokerage also offers investment programs, including PAMM accounts and LAMM accounts.

For accessing trading & investment services, Grand Capital offers advanced trading platforms, such as MetaTrader 4 and 5, WebTrader, and mobile trading apps, alongside beginner-friendly educational resources & professional-level research tools.

While the broker poses to be a good choice for both beginners & professionals, we caution against basing decisions solely on its general perspective.

Moving further with this detailed Grand Capital Review, you’ll get insightful data on its legitimacy, products & fees, which will comprehensively give an overview of whether it is the right trading partner for you or not.

Is Grand Capital Regulated?

Yes, Grand Capital is regulated by the Financial Commission (Finacom), an offshore independent dispute resolution organization that operates under a self-regulatory framework.

The commission had put the broker in Category A in 2018. Additionally, the Finacom membership provides protection through the Compensation Fund which acts as an insurance policy.

Under the Compensation Fund, the client is eligible for compensation of up to €20,000 in case of insolvency.

Overall, considering the Grand Capital Scam report, the broker appears to be regulated; however, it doesn’t clarify whether it is a safe brokerage to trade with. Its lack of top-tier regulatory approvals and offshore location indicates it to be a suspected scam broker.

Trading & Investment Options Available

Grand Capital offers a diverse range of trading options with competitive leverage and access to popular trading platforms.

In addition, they offer investment services such as copy trading and investment portfolios. The minimum amount required to start trading is $50 for copy trading and $1000 for investment portfolios.

Traders can choose from a range of trading instruments, depending on their individual strategy, which may include the following:

Forex Trading

The broker offers a wide range of currency pairs to trade on the foreign exchange market. Traders can take advantage of low spreads, high leverage, and the MetaTrader 4 and 5 trading platforms.

Stock Trading

Traders can access over 330 US and EU stocks, including Apple, Amazon, and Google, with leverage up to 1:10.

Metals Trading

Grand Capital offers trading in precious metals like gold, silver, and platinum with leverage up to 1:100.

Indices Trading

Traders can access over 50 major stock indices, including the S&P 500 and NASDAQ, with leverage up to 1:100.

Energy Commodities Trading

Grand Capital provides traders with the opportunity to trade oil, natural gas, and other energy commodities with leverage up to 1:100.

Cryptocurrency Trading

Traders can trade in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more with leverage up to 1:3.

Grand Capital Fees, Commission & Spreads

At Grand Capital, traders can choose between commission-free accounts with variable spreads or ECN accounts with lower spreads but added commission fees.

The average spread on the commission-free accounts is 2.2 pips on the EUR/USD currency pair, which is relatively high compared to other forex brokers.

On the other hand, typical spreads on ECN accounts are around 1.2 pips on the same currency pair, but with an additional commission fee of $5 per standard lot. Therefore, the total trading costs for ECN accounts would also amount to around 2.2 pips.

Talking about the commissions, the platform has the following charges:

• Currencies- $5 per lot
• Metals- $5 per lot
• Indices- $15 per lot
• Energy Commodities- $5 per lot
• Stocks– 0.1% of the contract

In summary, the Grand Capital fee structure is competitive and aligns with global industry standards. Traders should compare Grand Capital’s fee structure with other brokers and consider their trading style before making a final decision.

Maximum Leverage

Grand Capital offers different maximum leverage & margin requirements depending on the type of account.

For the Standard Account, Micro Account, Swap Free Account, and ECN Prime Account, the leverage ranges from 1:1 to 1:500.

However, for the MT5 Account, the maximum leverage is limited to 1:100 on a floating basis. And for the Crypto Account, the maximum leverage is 1:3.

Grand Capital Mobile App

The broker offers a mobile trading app called “Grand Trade” for Android users. The app allows users to trade on the go and provides access to all the features and trading instruments available on the desktop platform.

In addition to the Grand Trade app, Grand Capital also offers mobile versions of the popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for both iOS and Android users.

The mobile versions of these platforms offer similar functionality to their desktop counterparts, including charting tools, technical indicators, and the ability to place and manage trades.

The standout features of the Grand Trade app include analysis and news updates that traders can access within the platform.

Additionally, traders can receive push notifications on their mobile devices, keeping them updated on important market events and changes in their trading accounts.

Other Trading Platforms

In addition to a proprietary Grand Trade app and mobile versions of MT4 & MT5, Grand Capital offers the desktop versions of the MT4, MT5 and WebTrader trading platform, with functionalities that include the following:

MT4 Trading Platform

• Multiple chart windows
• Over 30 built-in indicators
• Custom indicators
• One-click trading
• Automated trading via Expert Advisors (EAs)
• Backtesting functionality
• Hedging capabilities
• News feed

MT5 Trading Platform

• All features of MT4
• Additional technical indicators and graphical objects
• Built-in economic calendar
• Depth of Market (DoM) feature
• Netting and hedging position accounting systems
• Timeframes up to 2 minutes
• MQL5 programming language for developing custom indicators and EAs

WebTrader Platform

• Instant access to trading from any web browser
• User-friendly interface
• Real-time quotes
• One-click trading
• Multiple chart windows
• Over 30 built-in indicators
• Custom indicators
• News feed
• Trading history and account summary
• Price alerts and notifications

Account Types At Grand Capital

Grand Capital offers 6 trading accounts, namely the Standard, Crypto, ECN Prime, Micro, MT5, and Swap Free accounts.

These accounts come with varied trading conditions, spreads and commissions. Alongside this, there is an option for free demo trading.

Here’s a brief overview of each account type:

Standard Account

• Offers a wide range of trading instruments such as currencies, metals, CFD contracts, and futures.
• Minimum deposit: $100 / ZAR R1 600
• Spread: from 1 pip
• Available instruments: 330
• Leverage: from 1:1 to 1:500
• Execution system: Market execution

Crypto Account

• Offers 68 cryptocurrency pairs.
• Minimum deposit: $100/ ZAR R 1 600
• Spread: from 0.4 pips
• Available instruments: 68
• Leverage: 1:3
• Execution system: Market execution

ECN Prime Account

• Designed for experienced traders and offers scalping, trading news, and the use of robots.
• Minimum deposit: $500 / ZAR R8 000
• Spread: from 0.4 pips
• Available instruments: 38
• Leverage: 1:1 to 1:100
• Execution system: Market execution

Micro Account

• A cent account with deposits starting as low as $10
• Minimum deposit: $10 / ZAR R160
• Spread: from 1 pip
• Available instruments: 66
• Leverage: 1:1 to 1:500
• Execution system: Market execution

MT5 Account

• Offers algorithmic trading in MetaTrader5, with tight spreads and excellent execution.
• Minimum deposit: $100 / ZAR R1 600
• Spread: from 0.4 pips
• Available instruments: >400
• Leverage: 1:1 to 1:100
• Execution system: Market execution

Swap-Free Account

• Designed to be Sharia-compliant, and no commission is charged on positions through midnight.
• Minimum deposit: $100 / ZAR R1 600
• Spread: from 1 pip
• Available instruments: >150
• Leverage: 1:1 to 1:500
• Execution system: Market execution

Grand Capital Sign-Up Process: Step-by-Step Guide

Opening an account with Grand Capital is a simple process that can be completed in just a few steps:

Step 1: Register an account

• Go to the broker’s official website and select the “Open an account” option.
• Fill out the application form with the required details.
• Once you submit the form, you will receive a username and password that will give you access to your account.

Step 2: Verify your account

• Log in to your account and provide the necessary documents for account verification, such as a valid ID and proof of address.
• Wait for the verification process to be completed.

Step 3: Fund your account

• Choose the deposit method that suits you best and fund your account.
• Once your account is funded, you can start trading.

Deposit & Withdrawal Conditions Of Grand Capital

The broker offers a wide range of deposit and withdrawal options for traders, ensuring a smooth and convenient process.

Traders can deposit as little as $10 to start trading, which is a very low amount compared to other brokers in the industry.

Deposits and withdrawals can be made through various popular methods including

• Bank Windhoek
• FNB Namibia
• FNB South Africa
• GTBank Nigeria
• Paylivre Bank
• YES Bank
• E-Payments
• Bitcoin
• Ethereum
• Tether

How To Deposit Funds Into Grand Capital Account?

To deposit funds into your account, traders can follow these steps:

• Log in to your account.
• Click on the “Deposit” button and choose the preferred payment method.
• Enter the deposit amount and follow the instructions to complete the payment.
• The deposited amount will be reflected in the trading account within a few minutes to a few hours, depending on the payment method.

How To Withdraw Money From Grand Capital?

To withdraw money from your trading account, traders can follow these steps:

• Log in to the Grand Capital account and go to the “Withdrawal” section.
• Choose the preferred payment method and enter the withdrawal amount.
• Follow the instructions to complete the withdrawal request.
• The withdrawal will be processed within 1-3 business days, depending on the payment method.

Bonuses & Promotional Offerings

Grand Capital offers a bonus program called “Any Deposit Bonus 40%” which provides traders with a 40% bonus on their deposits.

 However, traders should be aware that while the bonus funds can be used for drawdown, they will need to trade a certain amount of lots before the bonus funds become their own property.

Additionally, it is important to note that bonus funds cannot be withdrawn directly and that traders will need to deposit 10% of the initial sum in order to renew the bonus every 6 months.

Moreover, it does not offer any no-deposit bonus. It is always recommended to carefully read the terms and conditions of any bonus program before participating in it.

Educational & Research Support Extended By Grand Capital

Unfortunately, Grand Capital falls short of providing quality education and research resources to its users. The available resources include blogs, trading signals, an economic calendar and market analysis.

However, they do not seem to be comprehensive enough to provide traders with the necessary knowledge and insights to succeed in the markets. Additionally, the broker does not provide personal account managers, which could be beneficial for beginner traders who need guidance and support.

Grand Capital Customer Support

We weren’t happy with the customer support services of Grand Capital. The response time is too long and customer support executives also lack knowledge of crucial information. We found that they often encourage users to send their queries via email, instead of resolving issues immediately through live chat or phone support.

However, Grand Capital does offer an online chat option with their experts and a phone number (+97145285117) for support. We hope that the broker takes steps to improve the quality of their customer support services in the future.

Grand Capital Review: Pros & Cons

Conclusion

Based on the review of Grand Capital in 2024, it can be concluded that the broker’s product offering, plenty of account options and advanced trading platforms can be counted as its strengths.

However, the educational and research resources offered by the broker are lacking, and the customer support services are not up to par, with long response times and unhelpful representatives.

Overall, Grand Capital may be suitable for experienced traders; however, beginners and those who value education and research resources, as well as efficient customer support and high regulations, may want to consider other reliable brokers like InvestFW.

The broker is well regulated by the top-tier regulatory authorities and offers high-quality educational & research tools, with exceptional customer support services.

FAQs

What Is The Minimum Deposit At Grand Capital?

The minimum deposit required to open an account with Grand Capital is $10.

Does Grand Capital Offer A Demo Account?

Yes, the broker offers a free demo account for traders to practice and improve their trading skills before investing real money.

What Trading Platforms Does Grand Capital Offer?

Grand Capital offers several trading platforms including MetaTrader 4, WebTrader, and mobile trading apps for iOS and Android devices.

What Are The Deposit And Withdrawal Methods Available At Grand Capital?

The broker offers several deposit and withdrawal methods including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies such as Bitcoin, Ethereum, and Tether.

Does Grand Capital Offer Any Bonuses Or Promotional Offerings?

Yes, Grand Capital offers a 40% Any Deposit Bonus for traders, as well as a No Deposit Bonus for new clients who register and verify their accounts.

What Should I Do If I Am Having Trouble Logging Into My Grand Capital Account?

If you are experiencing a Grand Capital login problem, there are a few things you can try. First, double-check that you are using the correct login credentials, including your username and password. In case you forgot your password, it can be resettled by following certain prompts on the login page.

If you are still having trouble logging in, you can contact customer support for assistance. They may be able to help you resolve any technical issues preventing you from accessing your account.