Forex Grand is a forex broker that offers the trading environment through MT4 platform and proposes access to over 40 currency pairs, indices, futures, indices, shares, metals and more. The company maintained a very well designed proposal through a good looking website and detailed offering.

About Forex Grand
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is Forex Grand safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

However, apart from the issue that the broker is based and hold a license of only offshore authority in the Marshall Islands, which we always advise avoiding due to lack of regulation and very low requirements.

In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

The Forex Grand traders complain constantly about a broker’s non-trustful operation. The complaints are about refused on withdrawals with no ability either to take any profits or deposits. Actually, this is a typical fraud act to attract clients, get their money and then to find excuses, this is the reason you should always trade only with regulated companies as they are constantly overseen by the regulator in terms of their operation. And of course, the regulated firms are checked on their adequacy before they are able to offer trading in the market.

Forex Grand Review

The Forex Grand was warned by various authorities that identified an illegal, non-approved offering from the company towards the residents since the particular investment proposal requires authorization. The Bulgarian FSC issued Forex Grand in its alert list in June 2018, while earlier UK’s FCA warned investors by its official blacklist of the company.

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by FCA. We strongly advise you to only deal with financial firms that are authorized by us, and check the Financial Services Register to ensure they are.”

FCA, UK. May 2018.

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As Forex Grand got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

We strongly advise all investors and traders to avoid Forex Grand and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.

You can also share your trading experience with Forex Grand by commenting on this review.

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