Grand Capital Review

Category: Reviews | Author: Trading Brokers | Date: September 8, 2023

Our spotlight turns to Grand Capital, a forex and CFD broker with a history tracing back to its establishment in 2006, headquartered in Saint Vincent and the Grenadines. Grand Capital’s extensive offering comprises over 400 trading instruments, encompassing forex, commodities, indices, stocks, cryptocurrencies, and binary options. The broker places formidable tools at traders’ disposal, including support for the MetaTrader 4 and MetaTrader 5 platforms, along with the innovative GC Invest copy trading service. Grand Capital accommodates diverse trader preferences through a range of account types and funding methods. This review undertakes an in-depth examination of Grand Capital, delving into aspects such as regulation, platform offerings, educational resources, available markets, account options, and funding methods, ultimately aiming to provide an impartial assessment to aid in your evaluation of its suitability for your trading pursuits.

Pros & Cons

  • Low minimum deposit starting from $10
  • Wide selection of payment methods and account currencies
  • High leverage up to 1:500
  • MetaTrader 4 and MetaTrader 5 platforms with 400+ assets
  • Copy trading and LAMM solutions for passive investors
  • Limited regulatory oversight by Finacom, which is not an official regulator
  • Basic education and market research resources
  • High spreads on some assets, especially cryptocurrencies

Summary

Grand Capital

Grand Capital

Grand Capital, founded in 2006, is a CFD broker providing access to various trading instruments, including forex, commodities, indices, stocks, cryptocurrencies, and binary options. With a global presence and more than 500,000 clients in 188 countries, it operates from Saint Vincent and the Grenadines, supported by offices in several countries. Traders can utilize the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for analysis and trading. The broker offers a range of account types, including Micro, Standard, Swap Free, ECN Prime, Crypto, and Binary Options, catering to diverse trading preferences. Additionally, Grand Capital introduced the GC Invest copy trading service. The broker facilitates deposits through various methods and accepts multiple major currencies. However, it’s essential to note that Grand Capital lacks proper regulation, which can impact investor protection.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Regulation serves as a critical safeguard in the financial industry, ensuring transparency, fairness, and the protection of clients’ interests. In the case of Grand Capital, the regulation comes from the Financial Commission (FinaCom), an independent international mediator specializing in the online foreign exchange sector. Grand Capital has held FinaCom membership since 2016 and achieved the prestigious Category A designation in 2018, signifying the highest level of reliability and compliance with FinaCom standards.

One notable advantage of FinaCom membership is participation in the Compensation Fund, which acts as an insurance safety net for clients. In the unfortunate event of broker insolvency or misconduct, this fund, held in segregated accounts, can provide coverage of up to €20,000 per client. Additionally, FinaCom offers an industry-specific dispute resolution service, ensuring prompt and equitable resolution of any forex trading-related disputes.

However, it’s important to acknowledge that FinaCom doesn’t carry the same level of reputation or regulatory stringency as other authorities like the UK’s Financial Conduct Authority (FCA), Cyprus’s Cyprus Securities and Exchange Commission (CySEC), or Australia’s Australian Securities and Investments Commission (ASIC). FinaCom lacks the legal authority to enforce its decisions or impose sanctions on its members. Furthermore, it doesn’t mandate requirements for capital adequacy, client fund segregation, or investor protection schemes.

Platforms & Tools

Grand Capital offers an impressive array of options to enhance your trading experience.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) form the cornerstone of Grand Capital’s platform offerings, delivering an extensive set of features for analysis, execution, and risk management.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

Both platforms support automated trading, copy trading, and customizable indicators. They also have some other platforms such as:

  • WebTrader: For those who prefer a web-based solution, Grand Capital presents WebTrader. This user-friendly platform requires no downloads or installations, enabling access from any device with an internet connection. WebTrader offers a vast selection of over 400 trading instruments, multiple order types, one-click trading, real-time quotes, charts, indicators, and trading history.
Grand Capital WebTrader

Grand Capital WebTrader

  • Grand Trade: On the mobile front, Grand Capital provides the Grand Tradeapp for Android devices. This app empowers traders on the move, offering access to over 300 trading instruments, various order types, real-time quotes, charts, indicators, push notifications, deposit/withdrawal options, and comprehensive analysis and news features.

Grand Tradeapp

In addition to these platforms, Grand Capital arms traders with an arsenal of tools:

  • Trading Robots: Clients can harness the power of automated trading through trading robots, which execute trades based on predefined rules. These robots are compatible with both MT4 and MT5.
  • Copy Trading (GC Invest): Grand Capital’s copy trading service called GC invest lets traders follow the strategies of successful traders with a minimum deposit of $100. The service boasts a transparent fee structure and real-time performance tracking.
  • Economic Calendar: Stay informed with Grand Capital’s economic calendar, which highlights crucial economic events and indicators, complete with forecasts, previous values, actual values, and impact assessments.
  • Daily Reviews: Professional analysts at Grand Capital provide daily reviews that encompass major market events, trends, technical analysis, and trading recommendations across various instruments.

Education

While Grand Capital offers some educational resources, it’s important to note that these resources have limitations.

  • Webinars: Grand Capital conducts regular webinars led by professional traders and analysts. These webinars cover a range of topics, including technical and fundamental analysis, trading psychology, and risk management. Available in multiple languages, these webinars are free for registered clients and accessible on the broker’s website.
  • Video Tutorials: The broker provides video tutorials that simplify trading basics, such as navigating trading platforms, executing trades, utilizing indicators, and implementing trading strategies. These concise tutorials are available on the broker’s website and YouTube channel.
  • Glossary: Grand Capital maintains a glossary that demystifies common trading terms and concepts. This resource is particularly helpful for newcomers looking to grasp the intricacies of trading terminology.

However, it’s essential to be aware that Grand Capital’s educational offerings are somewhat limited. The broker doesn’t offer extensive courses, comprehensive articles, in-depth books, or informative podcasts to further traders’ knowledge. Additionally, there are no quizzes, tests, or certification programs to formally assess and validate traders’ skills and expertise.

While these resources can certainly assist traders in getting started, those seeking a more robust and structured education may need to supplement their learning elsewhere.

Markets

Grand Capital provides a wide array of over 400 trading instruments spanning different markets:

  • Forex: With over 50 currency pairs, including majors, minors, and exotics, Grand Capital caters to forex traders. This market boasts 24/5 trading hours, favorable spreads, and substantial leverage, making it the world’s largest and most liquid market.
  • Commodities: Grand Capital offers CFDs on a range of commodities, including precious metals (gold, silver, platinum, palladium), energy resources (oil, gas), and agricultural products (wheat, corn, soybeans). Commodities are influenced by factors like supply and demand, geopolitical events, and weather conditions.
  • Indices: The broker provides CFDs on more than 20 global indices, such as the S&P 500, NASDAQ 100, FTSE 100, DAX 30, and Nikkei 225, among others. Indices represent the collective performance of specific markets or sectors, offering traders an efficient way to diversify their portfolios and gain exposure to multiple markets using a single instrument.
  • Stocks: Grand Capital presents CFDs on over 300 stocks of prominent companies worldwide, spanning regions like the US, Europe, Asia, and Africa. Stocks signify ownership in a company and reflect its financial health and performance. Trading stocks allows traders to speculate on individual companies or sectors.
  • Cryptocurrencies: The broker provides CFDs on more than 20 cryptocurrencies, including popular options like Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Cryptocurrencies operate on decentralized blockchain technology, offering traders high volatility, minimal fees, and the flexibility of 24/7 trading.
  • Binary Options: Grand Capital offers binary options on a diverse range of over 40 instruments, covering forex, commodities, indices, stocks, and cryptocurrencies. Binary options are unique contracts that yield a fixed payout if a specific condition is met upon expiration or nothing at all if not. They allow traders to capitalize on short-term price movements with predefined risks and rewards.

These markets collectively provide Grand Capital traders with a wide spectrum of trading opportunities, each with its distinct characteristics and potential rewards.

Accounts

Accounts are the types of trading accounts that brokers offer to their clients with different features and conditions. Grand Capital offers several account types to suit different trading needs and preferences, such as:

  • Standard Account: The preferred choice for forex and CFD trading enthusiasts. This account presents an extensive selection of trading instruments, a low minimum deposit requirement, commission-free trading for most instruments, and variable spreads starting from a mere 1 pip, with high leverage of up to 1:1000 and a minimum lot size of 0.01.
  • MT5 Account: Tailored for algorithmic trading on the advanced MetaTrader 5 platform. It boasts access to over 400 trading instruments, a low minimum deposit, competitive commissions ranging from $5 to $10 per lot for most instruments, and variable spreads starting at an impressive 0.4 pips. Leverage up to 1:100 and a minimum lot size of 0.01.
  • Micro Account: Ideal for beginners looking to start trading with a modest investment. Offering access to 66 trading instruments, an exceptionally low minimum deposit requirement, commission-free trading, and variable spreads starting at just 1 pip. With leverage of up to 1:500 and a minimum lot size of 0.01.
  • ECN Prime Account: Designed for professional traders seeking the advantages of the ECN market. This account opens doors to 38 trading instruments, albeit with a higher minimum deposit requirement. Commissions vary from $5 to $55 per lot depending on the instrument, complemented by variable spreads starting at 0.4 pips. Leverage up to 1:100 and a minimum lot size of 0.01.
  • Swap Free Account: Tailored for Islamic traders adhering to Sharia law, this account ensures you won’t incur or receive any interest or swap fees on overnight positions. It offers access to over 150 trading instruments, a low minimum deposit requirement, commissions ranging from $10 to $55 per lot depending on the instrument, and variable spreads starting at 1 pip. Leverage up to 1:1000 and a minimum lot size of 0.01.
  • Crypto Account: Dive into the exciting world of cryptocurrency trading. Gain access to 68 cryptocurrency pairs with a low minimum deposit requirement, a 0.5% commission per lot, and variable spreads starting from 0.4 pips. With leverage of up to 1:5 and a minimum lot size of 0.01, it’s perfect for exploring the fast-growing digital currency market.
  • Binary Options Account: Tailored for binary options traders aiming to profit from short-term price movements with minimal risk and predefined payouts. This account type encompasses over 40 instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Get started with a minimum deposit of just $10 and minimum trade sizes of $1.

Funding

When it comes to handling finances, Grand Capital offers a versatile array of payment methods, including wire transfer, Neteller, debit cards, credit cards, and the option to use cryptocurrencies like Bitcoin. This flexibility ensures that traders have various options to fund their accounts according to their preferences. The minimum deposit required is set at a reasonable $10 USD, making it accessible to a wide range of traders. However, it’s important to note that the processing time for deposits and withdrawals may vary depending on the chosen payment method.

One notable feature of Grand Capital’s offering is its assertion that client funds are insured through its association with Finacom. This designation means that, in the event of a dispute, clients may be eligible for compensation of up to €20,000 from the Compensation Fund.

Conclusion

Grand Capital is a broker that offers a range of trading and investment services, including MetaTrader platforms, copy trading, binary options and various account types. The broker has some advantages, such as low minimum deposit, high leverage, wide selection of payment methods and account currencies, and bonuses and competitions. However, the broker also has some drawbacks, such as limited regulatory oversight, high spreads on some assets, and basic education and market research. Therefore, Grand Capital may be suitable for traders who are familiar with MetaTrader and want to access multiple markets and instruments, but not for those who are looking for more security and transparency from their broker. However, it’s worth noting that while Grand Capital offers strong features, there are other Grand Capitals with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Grand Capital

$10

Grand Capital is a broker that has provided high-quality services for online trading and investment in financial markets to clients around the world since 2006. Trading in MetaTrader 4 and MetaTrader 5. Over 500 financial assets: currency pairs, CFDs on the stocks of global corporations, indices, and metals.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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