GrandCapital Review
Overview
Company Information GrandCapital is a well-known name in the forex online trading business. The company started its operations in 2006 with Forex and CFD’s trading services. Later in 2010 the… more
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| Broker | GrandCapital |
|---|---|
| Website URL | https://grandcapital.net/ |
| Founded | 2006 |
| Headquarters | Russia |
| Support Number | +7 (812) 389-66-79 |
| Support Email | info@grandcapital.net |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Arabic, Farsi, French, Armenian, Indonesian, Georgian, Polish, Portuguese, Russian, Thai, Ukrainian, Chinese |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 1,000 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Commission (FinaCom) |
| Account Types | Standard, Options, ECN, Micro, Swap Free |
| Deposit Methods | Bank Transfer, Visa, Visa Electron, MasterCard, Maestro, RBKCard, Neteller, Payeer, Fasapay, Perfect Money, WebMoney, OkPay Bitcoin, Moneta.ru Credit Cards, RegularPay, China UnionPay, OkPay, Yandex Money, Handy Bank, Skrill, Western Union, MoneyGram |
| Withdrawal Methods | Bank Transfer, Visa, MasterCard, Neteller, Payeer, Fasapay, Perfect Money, WebMoney, OkPay, Yandex Money, OkPay, Skrill |
| Types of Assets | Forex, CFDs, Futures, Binary Options, Metals |
| Account Currency | EUR, IDR, USD, CNY, RUB, GBP, CHF, JPY |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
GrandCapital is a well-known name in the forex online trading business. The company started its operations in 2006 with Forex and CFD’s trading services. Later in 2010 the company expanded its services and began Binary Options services. The company’s headquarters are located in Saint Petersburg, Russia, but they also have an office in Armenia, Germany, Moldova, Seychelles ad Ukraine. GrandCapital offers excellent services and it’s not a surprise that they won the awards for “Best Micro Forex Broker” and Best Standard Forex Broker” in 2012. It has some of best rating given by online reviewers and is one of the top choices for traders around the world. With a minimum deposit of $10, it’s very easy to start trading on this platform. But let’s start with some trading information.
Trading Information
GrandCapital offers a total of five different accounts for their users. The first one is the “Standard” account where you can trade with basically all of the trading instruments. The minimum deposit requirement is $100 which is ideal for beginner and experts traders. The “Options” account is a version of the standard one but is dedicated to Binary Options trading. Traders can earn up to 86% trading with this account. Choosing the “Micro” account will give you the opportunity to start trading with just a $10 minimum deposit. The “ECN” account is aimed at pleasing the professional traders by offering the best spreads and automated trading. All experts can take advantage of these benefits by paying the $1000 minimum deposit. Last but not least there is a “Swap Free” account where traders can make their deals according to the Shariah laws. GrandCapital offers some of the best spreads in the industry. Even their “Micro” account offers a typical spread of 2 pips and a minimum spread of 1 pip. The “ESN” option gives the traders spreads with a low of 0.5 pips for majors like EUR/USD. Forex leverages for from 1:500 to 1:100 (for ESN). A total of 51 currency pairs is available to traders. Hedging and scalping are allowed. You can also take advantage of pending orders, one-click trading, mobile trading, trailing stop orders and email alerts.
Trading Platforms
As far as trading platforms are concerned, it’s not a surprise that GrandCapital has chosen the Metatrader4 as their primary platform. It’s the most famous in the world and despite its outdated graphics, it still does a great job. It offers more than 330 trading instruments and up to 54 currency pairs. Grand Capital has made the effort to make it available for all desktop and mobile devices. It works on Windows, Mac OS, IPad, IPhone, and Android. The downside of using the MT4 is the required download of the platform. But, as many major forex traders, Grand Capital have made things easy and have provided a WebTrader platform. It’s fully compatible with the MT4 and doesn’t require a download, only internet connection. It’s fully customizable and offers all the benefits of the original platform.
Security and Customer Services
Being in the online trading industry for that long has its advantages. The people from GrandCapital have made their best effort to make sure that the trading experience is safe and secure. There is an SSL encryption on the website that ensures all personal details are protected. There is a segregated account option where your funds are deposited separately from the ones of the company. Customer support is great with 24/5 coverage. There is a lot of contact methods available. You can call them on their phone number or contact them using their online form. They also have provided a Facebook address where you can check their newest offers. The website is translated into seven languages, and customer support is available in four of them. Every problem can be sorted out quickly, and the trading experience becomes pleasant. A lot of educational materials can be found on the website, and there is a comprehensive training program for starting traders.
Deposits and Withdraws
As a very reputable trading broker, the people from GrandCapital have made sure that depositing and withdrawing funds are accessible. In fact, there are more than 20 payment methods available. Along with the public credit and debit cards, there are digital wallets, bank transfer and more. Usually, the deposits are instant, and there are no processing fees. However, sometimes it might take up to 48 hours for deposit to go through. It depends on the payment method (Bank Transfers usually take more time) and the amount of money transferred. Withdrawals can be made using the same method you deposited them. There are no withdrawal fees and processing times are relatively quick. From what has been reported, it takes about 1-3 working days to complete the transfer (on their website it states that it takes about 48 hours).
Deposit Bonus and Loyalty Programs
To celebrate their 10th year of the business anniversary, the company offers many attractive bonuses. The most popular of them is the “$500 no deposit bonus”. This means that the company gives you $500 to trade with from the start, and the profit you make is withdrawable. The terms and conditions state that this bonus is active only for seven days of trading, so make sure you use your time wisely. They also have the “Invite a friend” bonus where they pay you for referring the platform to other people. For every person that you invite onto the platform, you will get a percentage of their profit every 30 days.
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