Grand Capital Review 2024
Highlights of Grand Capital
Grand Capital is an international broker offering a wide range of trading instruments and account types, making it attractive to traders with various strategies and levels of experience. Tight spreads on major currency pairs provide competitive trading conditions, while educational materials support the development of both novice and experienced traders.
Pros and Cons of Grand Capital
Pros
- Diversity of trading account types.
- Tight spreads.
- A wide range of trading assets.
- Multilingual support 7 days a week, 24 hours a day.
Cons
- It is not regulated by leading financial regulators.
- High swaps.
- Lack of MetaTrader alternatives.
Grand Capital reviews
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Grand Capital Broker Overview
Foundation Year | 2006 |
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Official Website | https://grandcapital.net |
Regulated in Countries | Saint Vincent and the GrenadinesMore Details |
Minimum Deposit |
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Spread | from 0.4 points |
Max Leverage | 1:1000 |
Trading Assets |
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Trading Platforms |
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Email Support |
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Hotline Phones | |
Social Media |
Broker Grand Capital has been providing services in the financial market for over 15 years. It exclusively uses modern trading platforms, offering extensive opportunities for comfortable trading in the Binary Options and Forex markets. The company has repeatedly ranked first in relevant ratings. It works with large corporations and private traders. For the latter, the official Grand Capital website offers many educational materials.
Grand Capital is in the top 10 of the following ratings:
Grand Capital Review Summary
In our review, we applied a thorough broker evaluation methodology. This ensures a complete and transparent analysis of all critical aspects of the broker's activities. To learn more about Grand Capital, continue reading our detailed review.
Reliability and Regulation
Legal Entity | Regulator |
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GrandCapital Ltd. GrandCapital Ltd. | SVGFSA SVGFSA |
Grand Capital Ltd. Grand Capital Ltd. | - |
Grand Capital was registered in the Seychelles in 2006. This deters many clients, as the Seychelles are considered an offshore zone lacking legal transparency. However, Forex brokers think registration in an offshore zone is a standard practice.
The broker is also a member of the Financial Commission, an independent External Dispute Resolution (EDR) organization. This means an objective and independent third party can resolve disputes between a trader and the broker.
In addition, the Financial Commission protects traders' interests through its Compensation Fund. In the event of a trading claim, traders can receive compensation of up to €20,000. This adds a layer of security and trust for Grand Capital clients.
Account Opening
The account opening process at Grand Capital is relatively simple and fast.
Official Website
The official website is available in 11 languages. The company has spared no expense in creating the resource: there are many sections, including training, and the necessary information is available on the homepage.
Registration
There is nothing special about registering with Grand Capital. Click the "Open an account" button in the top right corner, and enter your first name, last name, phone number, and email address. You can also log in to your Grand Capital personal account by clicking the same button. Confirm that you are of legal age and click 'Register.' An email will be sent with a confirmation link you must follow. You can also register via a Google account. After that, you can open an account, start trading, or invest.
Verification
To open a trading account, you will need to go through verification. To do this, fill in your details in the personal account:
- Full name;
- Date of birth;
- Residential address;
To confirm your identity, in the "Documents" section of the personal account, upload a color, uncropped image of the document in good readable quality. The document can be:
- national passport;
- international passport;
- driver's license.
In some cases, you may need to confirm your residential address. For address verification, a bank statement or utility bill may suffice.
If you plan to deposit and withdraw funds to a credit card, verify your card in the "Documents" section. For this, upload a scan of the front of the bank card with the central digits covered and a scan of the reverse side of the card with the CVC code covered. The card must be signed.
Private Office Overview
In the Grand Capital's private office, you can
- open trading, demo, and investment accounts;
- deposit and withdraw funds;
- monitor the ranking of strategies for investing;
- participate in the broker's affiliate program.
Minimum Deposit
At Grand Capital, minimum deposit amounts vary depending on the account type, making their services accessible to a wide range of traders.
Micro traders can start trading with as little as $10 on the cent account. On the standard account, the minimum deposit is $100, and on the ECN account, it is $500.
Account Types
Grand Capital offers a wide range of accounts, catering to the diverse needs of traders of different levels of experience and preferences.
Trading Accounts
Standard | MT5 | Micro | Crypto | Swap Free | ECN Prime | |
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Account Currency | USD, EUR, RUB, GBP, JPY, MMK | USD | USD, EUR, RUB, GBP | USD | ||
Minimum Deposit | 100 $ | 10 $ | 100 $ | 500 $ | ||
Trading Platforms | MetaTrader 4WebTrader | MetaTrader 4 | MetaTrader 4WebTrader | |||
Spread | floatingfrom 0.6 pipsfor EURUSD~ 0.9 pips | floatingfrom 0.4 pipsfor EURUSD~ 0.7 pips | floatingfrom 0.6 pipsfor EURUSD~ 0.9 pips | floatingfrom 260 pipsfor BTCUSD~ 275 pips | floatingfrom 0.6 pipsfor EURUSD~ 0.9 pips | floatingfrom 0.4 pipsfor EURUSD~ 1 pips |
Commission per Trade | per 1 lot~ 2.5 $ | per 1 lot~ 2.5 $ | per 1 lot~ 2 $ | per 1 lot2.5 $ | ||
Trading Assets | ForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency | ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers | ForexPrecious Metals | Cryptocurrency | ForexIndicesStocksBondsPrecious MetalsEnergy CarriersSoft Commodities | ForexIndicesETFStocksPrecious MetalsEnergy Carriers |
Opened Positions | — | |||||
Leverage | 1:1-1:1000 | 1:1-1:100 | 1:1-1:500 | 1:3 | 1:1-1:1000 | 1:1-1:100 |
Margin Call / Stop Out | 100% / 40% | 100% / 80% | 100% / 40% | 100% / 80% | 100% / 40% | 100% / 80% |
Order Execution | STP | MM | STP | ECN | ||
Demo Account | ||||||
Islamic Account | ||||||
Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister |
In total, there are 6 accounts available for trading on the financial market:
- Standard. The most suitable option for traders. Available for trading currencies, stocks, metals, and energy futures. Minimum deposit of 100 dollars. Free training is provided, with valuable materials for both beginners and professionals.
- MT5. If you want to trade on the more advanced MetaTrader 5 platform, open this trading account.
- Micro. For those wishing to trade on a cent account. Minimum deposit – 10 dollars. 66 instruments are available, and free training is provided;
- Crypto. This account is created for those who like to trade the highly volatile instrument - cryptocurrency.
- Swap Free — an Islamic account without commission fees charged during position rollover – swaps and created for Muslim traders. For many instruments, trading can start with 100 dollars.
- ECN. Suitable for professional traders with trading experience. Trade on the news, use robots, and scalping. The minimum deposit is 500 dollars, which is one of the reasons why professionals should start trading on it. The broker offers instant execution, tight spreads, and high liquidity.
It is not possible to single out one trading account. There is an option for professional clients, and the standard is suitable for everyone.
Binary Options
If you are interested in binary options, choose the account at GCOption - a binary options broker from Grand Capital. You only need to determine the direction of the instrument's price movement. The company offers a profit of up to 86% on each trade. Risks are minimal, there is an option to close the trade early, no special knowledge is required, and it is easy to understand.
Demo Accounts
The following accounts are available for trading with virtual funds:
- Standard
- ECN Prime
- MT5
Demo Account Contests
Grand Capital actively supports traders by offering them participation in exciting and profitable Forex contests. One such event is the monthly Grand Capital Cup tournament on demo accounts.
During this two-day event, participants compete in trading skills. Each participant is given a demo account with a balance of 10,000 USD. The main goal is to show the highest profit during the tournament.
The winner receives the main prize - 500 USD credited to a trading account, with profits from this amount being withdrawable. This sum is credited to a strategy account in the GC Invest system. The winner's strategy also receives a special designation confirming the trader's qualification and is actively promoted among investors.
Traders who finish in 2nd, 3rd, and 4th place receive bonuses of 200 USD, 150 USD, and 125 USD for their deposits, respectively.
Contests like the Grand Capital Cup are an excellent opportunity to demonstrate one's skills, earn money, and study and refine trading strategies in a competitive environment.
GC Invest
The GC Invest service by Grand Capital is a modernized investment tool that allows the automatic copying of trades from professional traders. This service provides high-risk control and broad income opportunities for both sides – for investors copying trades and for the authors of trading strategies.
Terms for Investors
For investors, the service ensures the opportunity to earn from the experience of professionals by automatically copying their trades on their accounts.
The minimum investment amount for a single strategy is $50.
One account for hundreds of strategies and a risk control system make investing with GC Invest convenient and flexible.
Conditions for Traders
For traders, GC Invest offers the opportunity to earn up to 50% of investors' profits, with the commission being set independently.
Traders can trade on their own or use advisors or high-frequency strategies.
How to Start Copy Trading?
Opening a Copytrading account is simple: create an account in the personal cabinet, fund it with at least $50 by any convenient method, and connect to the best strategy on the Copytrading rating page.
Investment Portfolio
The investment portfolio from Grand Capital is a universal investment tool suitable for both experienced traders and beginners. It allows diversification of investments among various instruments and achieves higher returns due to a balance of assets.
The foundation of portfolio management is a team of experienced analysts from Grand Capital with a six-year history of success, capital protection, and flexible margin conditions. The portfolio is provided free of charge for the company's traders.
Advantages of Grand Capital Investment Portfolios
- For experienced traders: the ability to create investment portfolios from various assets.
- For beginners: calculated portfolios with proven assets are offered, with the possibility of individual portfolio composition adjustment.
- For those seeking passive income: quick portfolio purchase, the ability to automatically open a portfolio, and control trades from a phone.
Ready-made portfolios with impressive returns over the last 12 months, such as Apple, Google, Tesla, and Nvidia, are offered.
Features of the Investment Portfolio
Key features of the investment portfolio include investing in blue chips (stocks of the largest companies), individual investment portfolios, yield management, sector risk diversification, and the ability to compose a portfolio for any amount. Additionally, a 20% margin of the contract value is offered.
The minimum budget for an investment portfolio is $1000.
Among the available trading instruments are stocks, indices, and metals. Risk diversification and the ability to open/close trades independently provide excellent investment control. The expected average return is 15-25% per month.
Commissions
At Grand Capital, the commission structure includes various fees, including trading commissions, account inactivity, and withdrawal fees.
All Grand Capital commissions can be characterized as average.
Trading Commissions
Grand Capital's trading commissions depend on the account type and the asset used, including spreads, swaps, and per-trade commissions.
Per-Trade Commissions
MT5 and ECN Prime accounts charge a commission on major currency pairs at $2.5 per one-way lot, below the market average.
Below is the commission per lot for the EURUSD pair at different Forex brokers:
Broker | IC MarketsRaw Spread | PepperstoneRazor | Grand CapitalECN Prime | RoboforexECN | FxProRaw+ |
---|---|---|---|---|---|
Commission per lot | $3.5 | $3.5 | $2.5 | $2.16 | $3.5 |
Spreads and Swaps
Spreads offered by Grand Capital are pretty competitive and below the market average. For example, the average spread for the EUR/USD pair is 0.9 pips. However, it should be noted that swaps are slightly above the market average.
Below is a table of the average spread and swaps for major currency pairs on a standard Grand Capital account.
Asset | Average spread | Swap long | Swap short |
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AUDUSD | 1.1 pips | -4.99 pips | -0.75 pips |
EURUSD | 0.9 pips | -6.89 pips | 1.86 pips |
GBPUSD | 1.7 pips | -5.07 pips | -4.75 pips |
NZDUSD | 1.6 pips | -1.77 pips | -2.40 pips |
USDCAD | 1.4 pips | -1.48 pips | -5.41 pips |
USDCHF | 1.8 pips | 5.97 pips | -14.11 pips |
USDJPY | 1.6 pips | 9.74 pips | -27.47 pips |
Account Inactivity Fee
If there is no trading activity on a client's account for 3 months, Grand Capital reserves the right to charge a maintenance fee of 300 USD for each passive month for an inactive account.
Withdrawal Fee
Grand Capital charges a withdrawal fee if funds are deposited using one payment system and then withdrawn through another or the same payment system but in a different currency from the deposit currency. If there are no trading transactions on the client's account, the withdrawal fee will be 20% but not less than $50.
Payback
Payback is an innovative loyalty program from Grand Capital designed for active traders who can receive daily cash rewards. The program is simple and transparent: no hidden conditions or lot trading requirements exist.
The main advantage of Payback is the ability to receive real money that can be withdrawn immediately after it is credited. Unlike other bonus programs, the Payback reward is not tied to the number of lots. It depends only on the number of days of active trading. The reward is credited after five consecutive days of trading, and the longer you trade without interruption, the more you receive.
How to participate in the Payback program?
To participate in the program, you need to open a Standard account and trade on FOREX and FOREX METALS instruments. You must trade at least 6 consecutive days, making at least one trade per day.
The program includes various statuses depending on the duration of your continuous trading.
Status | Consecutive Trading Days | Daily Bonus Accrual |
Novice | 5 days or fewer | no bonus paid |
Bronze | from 6 to 15 days | $0.5 per lot |
Silver | from 16 to 30 days | $1 per lot |
Gold | 31 days and more | $1.5 per lot |
The bonus is only accrued for active trading days, starting from the 6th day of consecutive trading. A day is considered occupied when at least one trade was opened and closed, lasting at least 5 minutes.
Deposit and Withdrawal
Grand Capital offers a broad selection of account funding and withdrawal methods.
The commission for deposit ranges from 0% to 0.5%, which is quite competitive in the market.
Withdrawals are also available through the same payment systems. However, the commission for withdrawal can reach up to 6%.
The withdrawal process usually takes up to three business days, a standard term for most brokers.
Account Funding Methods
For most funding methods, the company reimburses the payment system's commission.
Payment System | Currencies | Deposit Fee | Operation Limit |
---|---|---|---|
Perfect Money | USDEUR | 0.5% | — |
PayRedeem | USDEUR | 0% | — |
Credit and Debit Cards | RUB | 0% | — |
Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
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BTC (Bitcoin) | BTC | 0% | — |
ETH (Ethereum) | ERC20 | 0% | — |
USDT (Tether) | ERC20 | 0% | — |
USDT (Tether) | TRC20 | 0% | — |
Withdrawal Methods
Withdrawals are processed by the broker's finance department from Monday to Friday, from 9:00 to 18:00 (MSK). Requests submitted after 16:00 (MSK) are processed the next working day. The overall withdrawal period is up to 3 business days.
Payment System | Currencies | Withdrawal Fee | Operation Limit |
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Perfect Money | USDEUR | 0.5% | — |
PayRedeem | USDEUR | 6% | — |
Credit and Debit Cards | RUB | 6% limitscommission limits | — |
Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
---|---|---|---|
BTC (Bitcoin) | BTC | 0% | — |
ETH (Ethereum) | ERC20 | 0% | — |
USDT (Tether) | ERC20 | 0% | — |
USDT (Tether) | TRC20 | 0% | — |
Bonuses
Currently, Grand Capital offers the following promotions:
- For any deposit, a bonus of +40%. You can replenish your balance an unlimited number of times for any amount. You will receive an additional 40% on the deposit amount. If you trade actively, the bonus will automatically become your property.
Markets and Products
Grand Capital offers a diversity of markets and products, allowing traders to diversify their portfolios and find financial instruments suitable for their strategies. High leverage also makes Grand Capital an attractive choice for traders who want to maximize their potential returns but can also increase potential risks.
What markets are available?
Broker Grand Capital offers an extensive set of trading instruments (CFDs):
Broker | IC Markets | Grand Capital | Pepperstone |
---|---|---|---|
Forex | 61 | 53 | 97 |
Precious Metals | 7 | 7 | 20 |
Energy Carriers | 5 | 3 | 4 |
Soft Commodities | 8 | 14 | 16 |
Indices | 25 | 14 | 26 |
Stocks | 2175 | 149 | 986 |
ETF | 38 | 7 | 108 |
Bonds | 10 | 3 | — |
Cryptocurrency | 21 | 61 | 30 |
Margin Requirements
Maximum leverage varies depending on the market you are trading in.
Trading Instrument | Max. Leverage for Retail Traders |
---|---|
Forex | 1:1000 |
Precious Metals | 1:100 |
Energy Carriers | 1:20 |
Soft Commodities | 1:20 |
Indices | 1:50 |
Stocks | 1:5 |
ETF | 1:5 |
Bonds | 1:33 |
Cryptocurrency | 1:100 |
Leverage is also adjusted based on the balance in your account, ranging from 1:1000 for a balance of $0 to $2,999 to 1:50 for a balance of $100,000 and above. This provides flexibility in trading and helps manage risk.
Trading Platforms
Grand Capital provides access to the industry's two most widely used trading platforms - MetaTrader 4 and MetaTrader 5, which offer a wide selection for traders of all levels.
MetaTrader 4 and 5
MetaTrader 4 and MetaTrader 5 are the most popular trading platforms in the Forex industry. These platforms offer advanced tools for technical analysis, automated trading, and open position management. They provide a rich collection of built-in indicators, charts, and trading tools, making them an ideal choice for traders of any experience level.
WebTrader
WebTrader is a web-based trading terminal allowing traders to participate directly from their browser. It fully replicates the functionality of MetaTrader 4, providing users with access to all necessary tools and features.
Its key advantages are technical analysis support, real-time quotes, account information online, and the ability to trade from anywhere and anytime. It is also worth noting that WebTrader is compatible with MetaTrader 4, which allows users to sell on both platforms with data synchronization.
It is essential to mention that WebTrader is ideal for those who want to trade on various devices and in different browsers, as it ensures full cross-browser compatibility. You can use WebTrader in Google Chrome, Safari, Internet Explorer, and other browsers without issues.
Analytics
Grand Capital provides up-to-date analytical tools to support its clients.
However, Grand Capital offers an average set of analytical tools compared to other brokers. For example, it lacks a market sentiment indicator, Autochartist, streaming news, and trading signals, which could be helpful for both novice and professional traders.
Daily Reviews
Daily reviews from Grand Capital are a mix of technical and fundamental analysis, which helps traders make informed trading decisions. The reviews include detailed analyses of assets and help traders understand the current market dynamics and predict possible scenarios.
Economic Calendar
The economic calendar is a vital tool for traders, especially those who rely on fundamental analysis. Grand Capital provides a detailed economic calendar containing critical economic events and indicators that can impact the markets.
Trader's Calculator
The Trader's Calculator from Grand Capital is a simple and convenient tool that helps traders calculate potential profit or loss from upcoming trades, considering parameters such as opening and closing prices, trade type, leverage, and volume. This tool is handy for planning and risk management.
Education
Grand Capital offers a Trading Book, a valuable resource for learning the basics of trading in the financial markets. However, the offering lacks other formats of training materials, such as webinars, videos, podcasts, and articles that could enrich the learning experience and provide broader learning opportunities. This limits the variety of resources available and may not fully meet the needs of traders with different learning styles.
Trading Book
The trading book offers essential information necessary for a quick start in the financial markets. It is free for Grand Capital clients and includes a general understanding of exchange operations, trading instructions, ways to earn money, and a detailed course on all types of analysis.
Customer Support
Technical support from Grand Capital is not just a support service; it is an essential element of the company's ecosystem that provides timely assistance to clients and partners.
Business Hours
Grand Capital's multilingual support service operates 24/7, ensuring fast and professional resolution of any issues.
However, each department has its working hours: the customer service department operates from 6:00 to 18:00 (GMT), the partner and analytical departments — from 7:00 to 17:00 (GMT), and the HR department — from 7:00 to 16:00 (GMT).
Communication Channels
Clients and partners can contact the relevant departments via email.
If you have questions about the company's products, promotions, and contests, please get in touch with the customer service department at support@grandcapital.net.
Questions about partnership programs and regional development can be sent to the partner department at partner@grandcapital.net.
If you have questions for the company's analysts, write to analyst@grandcapital.net.
You can contact the HR department at hr@grandcapital.net for employment inquiries and information about current job openings.
The website features an online chat with Grand Capital's broker support for quick feedback.
In many countries, there are Grand Capital partner offices. You can contact them by local phone or visit the office in person.
Conclusion
Grand Capital is a broker that offers a wide range of trading instruments and account types, making it an attractive choice for traders with different strategies and experience. Narrow spreads, especially on major currency pairs, ensure competitive trading conditions and the availability of educational materials that support novice and experienced traders in their development. The 24/7 multi-lingual support ensures that assistance is promptly provided.
Grand Capital will suit traders who appreciate a variety of trading tools and account types, as well as those who actively utilize educational resources to enhance their skills. The broker will be especially attractive for those who prefer to use MetaTrader platforms and are not concerned about the potential risks of the lack of strict regulation.
FAQ
Is Grand Capital legit?
Yes, Grand Capital is a legitimate broker that has been operating since 2006. It is regulated by the Financial Commission, ensuring a certain level of oversight and protection for its clients.
Which country is Grand Capital from?
Grand Capital is headquartered in St. Vincent and the Grenadines.
Is Grand Capital an ECN broker?
Grand Capital offers both ECN and STP account types, allowing traders to choose the model that best suits their trading needs.
How does Grand Capital make money?
Grand Capital makes money through spreads, commissions on certain account types, and other fees related to trading activities and services.
Is Grand Capital good for beginners?
Yes, Grand Capital is good for beginners due to its extensive educational materials, user-friendly platform, and wide range of account types that cater to different experience levels.
Does Grand Capital offer a demo account?
Yes, Grand Capital offers a demo account that allows traders to practice and develop their strategies without risking real money.
How can I open an account with Grand Capital?
To open an account with Grand Capital, visit their website, fill out the registration form, verify your identity, and make an initial deposit.
How can I delete my Grand Capital account?
To delete your Grand Capital account, you need to contact their customer support team and follow the provided instructions for account closure.
What is the minimum deposit for Grand Capital?
The minimum deposit for Grand Capital varies depending on the account type, starting from as low as $10.
What is the maximum leverage on Grand Capital?
The maximum leverage offered by Grand Capital is 1:1000, depending on the account type and the instruments being traded.
How do I deposit funds in a Grand Capital account?
You can deposit funds into your Grand Capital account using various methods such as credit/debit cards, cryptocurrencies, and e-wallets.
How do I withdraw money from Grand Capital?
To withdraw money from Grand Capital, log in to your account, go to the withdrawal section, choose your preferred method, and follow the instructions. Processing times may vary depending on the method chosen.
Does Grand Capital provide VPS?
Yes, Grand Capital provides VPS (Virtual Private Server) services to its clients, allowing for more stable and efficient trading.
Is Grand Capital suitable for scalping?
Yes, Grand Capital is suitable for scalping as it allows this trading strategy on its platforms.
Is Grand Capital suitable for auto-trading?
Yes, Grand Capital supports auto-trading through platforms like MetaTrader 4 and MetaTrader 5, which are compatible with various trading robots and algorithms.
Is Grand Capital suitable for hedging?
Yes, Grand Capital allows hedging strategies, providing traders with the flexibility to manage their risk.
Is Grand Capital suitable for spread betting?
No, Grand Capital does not offer spread betting as part of its services.