GrandCapital Review
Grand Capital
GrandCapital (formerly known as GrandBroker) is a CFDs broker that provides a wide range of trading options. With over 200 instruments available, including Forex, indices, cryptos, stocks, and commodities, GrandCapital has been operating since 2006. It's worth noting that the broker is not regulated by any authority, which increases the risks associated with trading. However, numerous positive reviews from traders suggest that GrandCapital may be a trustworthy and legitimate broker.
To facilitate customer support, GrandCapital is a member of The Financial Commission, an organization dedicated to resolving Forex disputes. The broker's customer representatives are known for their professionalism and politeness, offering detailed information in response to all inquiries. Traders can reach support through live chat or email, and assistance is available 24/7, ensuring prompt resolution of any issues.
As an incentive for traders, GrandCapital offers a 40% deposit bonus upon registration, providing additional funds for trading. Profits can be withdrawn, and bonus funds can be utilized for drawdown purposes. However, it's important to note that the withdrawal of bonus funds is subject to completion of hard-to-achieve trading volumes. Nonetheless, the bonus serves as a valuable tool for boosting trading volume.
When it comes to deposits and withdrawals, GrandCapital accepts various payment methods, including wire transfers, bank cards, online payment platforms such as fasapay and PerfectMoney, and cryptocurrencies like BTC, ETH, and USDT. Deposits are commission-free, while withdrawal fees start from 0.5%. Withdrawals are typically processed within 1-3 working days, which is slightly longer than the industry standard of 1-2 business days.
Although the new version of the website lacks account types and other crucial information, users can access the old website to find all the necessary details.
Countries
Afghanistan, Albania, Algeria, Andorra +173 more
Regulations
Account currencies
BTC, ETH, EUR, GBP +4 more
Assets
CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals
Platforms
MT4, MT5
Deposit methods
AstroPay, Bank Transfer, Credit Card, Crypto, Fasapay, PayRedeem, Perfect Money, PayTrust88
Others
Segregated accounts, Copy trading, Demo account, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Micro accounts, Micro Lots, Negative balance protection, Part of compensation scheme, Swap-free
Promos
Deposit bonus
Visit brokerGrandCapital presents a range of trading accounts to cater to various needs, including the Standard, Crypto, ECN Prime, Micro, MT5, and Swap Free accounts. The Micro account stands out with its exceptionally low minimum deposit requirement of only 10 USD. It offers traders access to 66 trading instruments, leverage of 1:500, and does not charge any commission. However, it's important to note that the new website indicates larger spreads of 6 pips, which could potentially make trading on this account considerably more expensive.
On the other hand, the MT5 account offers competitive spreads starting from 0.4 pips, requires an initial deposit of 40 USD, and imposes a trading commission of 5-10 USD on Forex trades. It allows for leverage of up to 1:500 and sets a minimum lot size of 0.01 lots.
For traders seeking an Islamic swap-free account, GrandCapital provides the Swap Free account. It requires an initial deposit of 100 USD, offers spreads from 1 pip, leverage of up to 1:500, and charges a trading commission of 10 USD on Forex trades.
The Standard account shares similar requirements with the Swap Free account, including a 100 USD initial deposit. It features spreads of 1 pip, no commission on Forex trades, 14-15 USD commissions for stock CFDs, leverage of 1:500, and an extensive range of over 330 tradable instruments.
The ECN Prime account offers lower spreads for Forex, starting from 0.4 pips. However, it necessitates a higher initial deposit of 500 USD, imposes a commission of 5 USD on Forex trades, and limits maximum leverage to 1:100.
For those interested in cryptocurrency trading, GrandCapital provides the Crypto account. With an initial deposit requirement of 100 USD, this account offers spreads from 0.4 pips and charges a commission of 0.4%. It exclusively focuses on cryptocurrency trading, boasting an impressive selection of 68 cryptos available for trading.
In conclusion, GrandCapital offers a diverse range of trading accounts with deposits starting from as low as 10 USD. However, it's worth noting that the broker tends to offer spreads and commissions that range from average to expensive. Traders might find better alternatives with lower spreads and fees in the market.
