Grand Capital Scam Test

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Grand Capital Scam Test

Grand Capital Scam Test

Founded way back in 2006, Grand Capital is one of the oldest brokers you can find on the market. This Russian company started off as a forex broker, but now it’s entering the binary options industry, so we simply had to take a look at what it has to offer. Our reliable team of experts was deployed to check the quality and reliability of Grand Capital’s platform and look for any signs of a Grand Capital scam. As always, they have produced a thorough report with many interesting details. Keep reading and you will see why this company has managed to survive in this business for so long and develop into a much respected broker.

Grand Capital Scam Test | Platform(s)

Grand Capital uses Meta Trader 4 as its trading platform, and we are happy to say that this has proven to be an excellent choice. The platform allows you to choose between more than 330 different trading instruments, including spot-metals, currency pairs, gold, silver, futures, indices and CFD stocks. This platform is also compatible with both iOS and Android mobile devices, so you will be able to access it whenever and wherever you want. One particularly interesting feature that caught our eye was the possibility to lock positions and manage several accounts at the same time. Your investment possibilities will therefore become greatly increased.

Grand Capital Meta Trader 4

Another thing worth mentioning here is the existence of WebTrader. WebTrader is an online trading platform which will be placed directly into your web browser, so you can have access to all trading information as soon as you start surfing the web. It is completely compatible with the aforementioned Meta Trader 4 and requires no installation, meaning that it only takes a few clicks to acquire this useful tool. It is extremely well designed, allowing you to keep your forex and binary options investments separated. Technical analysis, double touch options, one-click trading and many more interesting features are also available for binary options traders here and they can be easily tested with a Grand Capital demo account.
We can say with outmost confidence that both of these platforms function absolutely flawlessly. Our experts had no troubles accessing their trades, prices were accurate and generally there were no signs of a Grand Capital scam. Thumbs up!

Grand Capital Bonus Page

Grand Capital Scam Test | Regulatory bodies

Grand Capital is also a member of two regulatory organizations – KROUFR and CRFIN. The first one controls and regulates the financial markets in Russia and seeks to protect all traders from scams while the second one is a non-profit organization focused on financial instruments and technologies. Both of them keep a watchful eye on all types of trading conducted in the Russian Federation, so that all traders can be immediately notified should a scam broker be discovered. Not only does this mean that a Grand Capital scam is not likely to happen, but is also shows this broker’s dedication to its clients and its willingness to make the markets in general a much safer place. This level of dedication is really hard to find these days in the financial business and, judging from the number of clients Grand Capital has, traders seem to appreciate it very much. For more interesting facts about this broker, visit our extensive Grand Capital Review.

Grand Capital Scam Test | Money transfers

Even when it comes to transferring your money, this broker has plenty to offer. Four different currencies (euro, US dollar, Chinese yuan and Russian ruble) are accepted if you wish to perform a bank wire transfer. MasterCard and Visa credit cards are also completely valid options for USD and RUB currencies, but electronic payment systems is where this broker truly excels. Over a dozen different brands are available for you to make your choice, starting with the good old Neteller all the way to Skrill and Union Pay. If none of these methods suit you, you can even pick a money order company such as Western Union or MoneyGram.

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Grand Capital Deposit Page

But the best thing here is that if you make a deposit larger than $300, you won’t need to pay any commissions. Grand Capital has got you covered all the way. Obviously this does not apply to bank transfers because the broker cannot influence a bank’s policy, but for both credit card brands available, all electronic payment systems and Handy Bank money orders the fee applied to deposits above $300 is exactly 0%. For smaller deposits these commissions range from 0.5% to 4% (only Neteller has a fee this high), but you will usually need to pay somewhere between 1% and 3% of your investment.
We have tested all of these transfer methods thoroughly and once again found absolutely no evidence of a Grand Capital scam. The commissions system works as promised and your money will be treated with all due respect here. This way you can fully focus on extracting profit from your trades.

Grand Capital Scam Test | Conclusion

To conclude, during our time with this broker we found absolutely no evidence of Grand Capital scam. How could we? The company has been a part of the financial industry for almost a decade now and if there was any Grand Capital scam here, you can be sure the broker wouldn’t have endured on the market for so long. Versatile platform and incredibly numerous transfer methods are the company’s main forte and these characteristics will enable you to have an absolutely wonderful trading experience. We should mention once again that Grand Capital is also actively involved in protecting the financial markets through various organizations, so we can safely say this broker really does everything in its power to help not just its clients, but all traders. Grand Capital scam of any kind is simply not possible. So don’t wait, open an account with them today and see for yourself why Grand Capital has been present on the market for almost ten years. Right now, they are stronger than ever.

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.

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.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

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 Review – Is it scam or safe binary options broker?

Basic Information

Minimum deposit Min./Maxbet size Payout % Bonus Trading platform Regulation Online since
$10 $1/$5,000 Up to 86% MetaTrader 4 FinaCom 2006

Grand Capital (www.grandcapital.net) is an award-winning binary options broker, offering trading in most popular assets on the widely used MetaTrader 4 platform under pretty good trading conditions.

It also offers trading in forex and various CFDs and provides a few different programs for affiliate partners. In fact, Grand Capital was recently included in the rating of the best affiliate program provider in Russia, published by International Trading Academy MasterForex-V.

Unlike most binaries broker, this one does not provide a rich educational package, however it offers a LAMM service, that allows novice traders to connect their account to an experienced trader’s account and learn how to trade Binary Options successfully.

What is more, LAMM clients are able to control over every deal the manager makes, so they can disconnect or cancel the trade at any time.

Trading Accounts

Grand Capital offers its clients a single account to trade in two types of binary options: American and European.

The American options allow early closure with % commission. European Options do not support Early Closure feature, but offer higher return rates.

The Company. Security of Funds

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

Trading Options: Call/Put, Double touch, Breakout
Assets: Currencies, Indices, Commodities
Expiry Times: 1 min, 30 min, 2880 min

Grand Capital offers two specific binary options: Double Touch and Breakout Options. Bear in mind that these are only available for European Options.

When trading Double Touch options, you need to set two levels the asset’s price will reach. In other words, you set the channel where the price will fluctuate.

Breakout Options give you an opportunity to get increased payout for trading the same assets. Set the price you think the asset will reach in the future and the timeframe for its fall/increase and get increased payout if your prediction is correct.

Unlike many other binary brokers, Grand Capital does not offer 30 sec options, nor pair or ladder options.


Minimum Initial Deposit

In order to open a binary account with Grand Capital, one has to pay just $10. In comparison, SVG-registered BinaryBook requires $250 from traders to sign up.

Min/Max bet size
The minimum bet size with this broker is symbolically low, amounting to $1. Such low minimum bet sizes allow for better risk management. Most brokers require more, for instance, with BinaryBook one can place a trade with no less than $25.


Payout amount

Depending on the Trading Options and expiry times, payout percentage offered by Grand Capital ranges from 40% to 86%, which is a good offer for the binary options market. For instance, a winning European Put/Call option for EUR/USD with expiry from 15 to 30 min will get you a payout of 71% (+2% bonus). Of course, the greater the percentage payout offered by the broker, the larger the return of traders.

In comparison, BinaryBook`s Return percentage varies from 71% to 81%.

Trading Platform

Grand Capital uses MetaTrader 4 platform, the most popular software for professional trading that is used by traders worldwide. There are also iPhone and Android apps available, as well as a web-version. The platform is highly reliable and easy to use and that’s why it is supported by so many brokers.

Promotions
Instead of attracting new clients with attractive On-Deposit Bonus, Grand Capital offers risk-free trading.

If you had an unlucky trading day, you may claim full compensation of the loss up to $10 000. To receive the compensation, the client must deposit to Option account at least once during this month. The client can choose any trading day for loss compensation. However, the request cannot be filed later than the 31st day from the moment of the loss taken. The whole amount will be granted to his/her account as a bonus.

There is also a “refer to a friend” program, but the most lucrative offer – $500 No Deposit Bonus is available to forex traders only.
The broker frequently launches various promotions and contest. For example in July its clients were able to get compensation up to 13% of losses for options with expiration time from 5 to 15 minutes for certain instruments.

Methods of Payment

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, and others.

This broker is one of the few that accepts bitcoin cryptocurrency.

Conclusion

Grand Capital is a reputable broker, offering competitive conditions for trading in binaries on the MT4 platform. To sum up the above, here are the advantages and drawbacks in relation to this broker:

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    2nd place in the ranking!

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