Grandcapital.net Review Is Grand Capital A Scam Broker

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Our Advantages

Awards and Achievements

Licenses and Certificates

Quotes Online

Instrument Bid Ask Spread Percentage
BTCUSD 7313.665 7318.425 1.5 +0.35%
ETHUSD 170.300 171.630 0.4 +0.40%
LTCUSD 46.60025 46.77975 0.1 +1.24%
BCHUSD 258.394 260.555 0.7 +1.01%
ETCUSD 5.838 6.079 0.1 +2.39%
XMRUSD 58.280 59.190 0.3 +0.10%
XRPUSD 0.19865 0.20025 0.1 +0.61%
ZECUSD 40.560 41.769 0.4 +0.64%
Instrument Bid Ask Spread Percentage
EURUSD 1.09264 1.09322 0.1 -0.00%
GBPUSD 1.24522 1.24660 0.1 +0.03%
AUDCAD 0.88525 0.88586 0.1 -0.02%
NZDUSD 0.60655 0.60806 0.1 -0.09%
EURJPY 118.546 118.662 0.1 +0.11%
EURCHF 1.05626 1.05741 0.1 +0.03%
USDRUB 74.07700 74.48905 0.3 -1.01%
USDCNY 7.0562 7.0610 0.1 -0.02%
Instrument Bid Ask Spread Percentage
#AA 7.42 7.44 0.1 -3.13%
#CSCO 41.19 41.21 0.1 -1.18%
#MCD 183.48 183.53 0.1 +1.26%
#MSFT 164.85 164.88 0.1 -0.46%
#APPLE 267.90 267.93 0.1 +0.05%
#FORD 5.37 5.39 0.1 -2.89%
#TESLA 571.84 571.99 0.1 +1.39%
Account Profitability for the last 3 months Age
Weeknd:4636670 3996.41% 41 days
KTB45:4426435 230.65% 477 days
RafalK:4461092 132.82% 472 days
Dimonger:513871 113.74% 1208 days
multiplex:625183 109.47% 791 days
WolAnd:260361 109.02% 1646 days
fund manager:689656 40.75% 627 days
Operadorglobal:4459983 36.33% 145 days

Risk Disclosure: before starting to trade on currency exchange markets, please make sure that you understand the risks connected with trading using leverage and that you have sufficient level of training.

Privacy policy describes in which way the company collects, keeps and protects clients’ personal data

Grand Capital Group

– GrandCapital Ltd. 24598 IBC 2020 (Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines)

– Grand Capital Ltd. 036046 (Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles)

– This information is intended for investors outside of the United States who are not the US/Japanese citizens and residents.

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.

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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.

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.

how grand capital steals money

Na-Krul

Recruit

grand capital ltd. (www.grandcapital.net) as though is most ordinary company (when compared to other russian brokers) – as well as many other tells about long-term experience, instant deposit and withdrawal funds, positions itself as a “reliable broker”. but not every broker stoops to such impudent and obvious stealing (fortunately).
there are method which these scammers applied to my deposit for stealing all my gain:

September 30th I ordered withdrawal of $3000 from my account number 10842. right after that (next day) trading on my account began impossible: at first, when I tried to use EA I saw the message “Trading by experts is prohibited”, secondly, when I tried to open position by hand almost constantly there was “Trade timeout” or my orders executed during 1.5-2 minutes.

after 3 days (October 3rd) I called to grand capital’s support to ask why they didn’t make withdrawal from my account. they said (only now) that I must to send the copies of my passport and to open information in the webmoney certificate, then I did it. 4 days later I called them again to know why they didn’t make withdrawal until now, there were about 10 AM October 7th. an employee said that they are got all documents and withdrawal will make today. this day I closed terminal at 1143 AM.

11:43:25 GC Trader 4 4.00 build 218 stopped
20:20:05 GC Trader 4 4.00 build 218 started
20:20:11 ‘10842’: login (4.00, #2B7666A6)

next time I opened terminal at 0820 PM and saw 2 transactions which (if to trust its opening time) were executed 13 minutes later that I closed terminal in the morning (terminal time is 2 hours before Moscow):

26677 2008.10.07 09:57 sell 0.30 eurzar 11.816 0.000 0.000 2008.10.07 09:57 12.016 0.00 0.00 0.00 -796.04
26676 2008.10.07 09:56 sell 1.00 eurzar 11.821 0.000 0.000 2008.10.07 09:57 12.023 0.00 0.00 0.00 -2 680.00

in the personal cabinet I saw an answer on my question which I set a day ago:

08-10-06 21:25:35 Question: hello, when will my withdrawal request for $3000 which I sent a week ago be executed?
08-10-07 11:51:33 Answer: Your request is rescinded, because in the process of its execution on an account trade was carried out. Close all transactions, abolish pending orders and send request the second time. Do not trade while funds will not be transferred.

pay attention to time of this message. it was written 5 minutes before opening of that positions. support was quiet a few days, and here answered at once and at the same time that transactions appeared, rather 5 minutes before their appearance.
next moment is a sum of loss on these positions. for all the time of work on an account my profit was $3651, sum of loss on these two positions – $3476, that is practically the same.

further I called to grand capital’s support. laughing at me (exactly laughing and jollying), they told me history that some hacker cracked my account and inflicted losses on that sum, that is complete absurdity. what hacker may need to crack somebody’s account to open and here close 2 transactions on EURZAR, thus to choose exactly lots 1.0 and 0.3 – taking into account spread on this pair and at this time losses will equal the sum of my profit? (spread on EURZAR is 200 points, and this instrument not represented in the market review by default, it is necessary to find it in the large list of accessible instruments)
after that I called gc’s director for explanations, he promised to find out what’s the problem. 2 weeks passed, during which I how hardly not every day called to this kitchen and communicated both with support or with a director. result is a zero.
eventually a director once again told me history about a hacker who cracked my account, and declared that they will not give me money.
then I hardly take out an initial deposit, and that due to my daily calls to this impure kitchen. it took more than a week, I had to send the copy of my passport two more times and once again had to open information in the webmoney certificate. there was the impression, that it was first withdrawal for all the time of company existence.

for “closing an account” they took off more $50.

another moment: the owner of grand capital’s account can’t change a password which a company determines at first – at an attempt to change a password terminal shows a message “cannot change password [Not enough rights]”.
proofs on video:

(bad quality)
http://depositfiles.com/files/08gmykpid (good quality)

it is strange, usually all companies recommend to change a password right after activating of account. I suppose the reason why grand capital doesn’t allow to change a password – that the company employee at any moment could “to trade” on any account.

the professional level of company also shows illiteracy of its employees that in Russian, that in English.
see screenshots:

http://depositfiles.com/files/8cp3z3spn
http://depositfiles.com/files/ymjear27d
http://depositfiles.com/files/oxaj1ymtn

recently in brokers ratings appeared reviews about grand capital from other traders which these scammers robbed absolutely the same way. unfortunately I knew about it too late.

grand capital is a worst and impure kitchen from all that I know, they will steal a cent, when an opportunity offers.

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