Is GrandCapital Scam or Legit broker?
We advise our readers, not to use GrandCapital as it is an offshore entity. GrandCapital is owned by GrandCapital Ltd., which is an offshore company registered in St. Vincent and the Grenadines.
- St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. The setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Brokerz, TraderUR, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.
- According to the GrandCapital website, the broker is registered with the Financial Commission under the number 24598 IBC. Even though FinaCom is a well-respected organization, it is a self-regulatory organization that cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.
About Grand Capital
|🗺️ Registered in||St. Vincent and the Grenadine|
|🗺️ Type of License||Offshore License|
|🛡️ Is Grand Capital safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
What is Grand Capital?
Grand Capital Ltd is an incorporated company that has operated for 11 years. Originally a Russian company, it performs the operation through its registered offices in St. Vincent and the Grenadines and Seychelles, along with 40 offices around the world as claimed by the company.
- The company has achieved some significant results in its trading offerings alike enabling high-quality connection to the markets through ECN bridges (Read more about ECN Forex Trading), Web-Based terminal, access to over 330 assets, as well as offering comfortable conditions for investment with copy trading and other additional sources to cover the needs of various traders. Moreover with the received awards and the titles ‘Best Broker’, ‘Best trading technology and more from world publicity and organizations.
- Nevertheless, there is no confirmation about the regulatory compliance and the necessary protection of the clients, which enables international investors to trade rest assured. Also, the range of trading instruments includes options that put trading capital at risk, including trading on CFDs, and binaries along with an extreme level of leverage that comes up to 1:2000, and is considered a highly adventurous trading.
Overall Grand Capital Ranking
Based on our revelations regarding the safety and regulations issues of Grand Capital, we do not rank positively Grand Capital, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
- Grand Capital Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
|Ranking||Grand Capital||XM||BlackBull Markets|
|Is Broker safe? ||No||Yes||Yes|
Grand Capital Alternative Brokers
As our research finds revealed issues with the safety of Grand Capital, here are much better Alternatives to Grand Capital with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
- eToro – Good for CopyTrading and Cryptocurrency Trading
- Dukascopy – Excellent for Shares, Futures Trading
- BlackBull Markets – Good for High Leverage Trading
Grand Capital Deposits and Withdrawals
Grand Capital offers various deposit and withdrawal options – Bank Transfer, Credit/Debit Card, and e-wallets such as Skrill, Neteller, Webmoney. However, due to its unregulated nature, there are no strict guarantees on payment procedures.
- Deposits via bank card take about 15 minutes to be accomplished. Bank transfers take 24 hours for the funds to be transferred.
- Withdrawals via bank transfers take 24 hours and there is a 1% commission. Transfers through electronic payment systems take 3 days on average. Based on the transfer method, there is a 0,5%-1% commission.
Grand Capital Review Conclusion
We advise all investors and traders to avoid Grand Capital and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BDSwiss.
- Overall ranking and experience for Grand Capital is Negative