Grand Capital Review 2024

Last updated Apr 15, 2024
Логотип Grand Capital
4/5
№33 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In this article, we will conduct a comprehensive review of the Forex broker Grand Capital. We will analyze their history, essential services, trading platforms, and customer service quality, and most importantly, we will determine whether it is safe to trade with Grand Capital. Our goal is to provide objective information to help you make an informed decision.

Grand Capital Broker Overview

Foundation Year2006
Official Websitehttps://grandcapital.net
Regulated in CountriesSaint Vincent and the GrenadinesMore Details
Minimum Deposit
  • 10 USD
Spreadfrom 0.4 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Indices
  • ETF
  • Stocks
  • Bonds
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • WebTrader
  • MetaTrader 5
Email Support
  • support@grandcapital.net
  • partner@grandcapital.net
  • analyst@grandcapital.net
  • hr@grandcapital.net
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 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

Rating:3.2/5
Legal EntityRegulator
-

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

Rating:5/5

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.

Official website of Grand Capital
Official website of Grand Capital

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.

Registration form with Grand Capital broker
Registration form with Grand Capital broker

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.
Verification form for Grand Capital
Verification form for Grand Capital

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.
Grand Capital's private office
Grand Capital's private office

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

Rating:5/5

Grand Capital offers a wide range of accounts, catering to the diverse needs of traders of different levels of experience and preferences.

Trading Accounts

StandardMT5MicroCryptoSwap FreeECN Prime
Account CurrencyUSD, EUR, RUB, GBP, JPY, MMKUSDUSD, EUR, RUB, GBPUSD
Minimum Deposit100 $10 $100 $500 $
Trading PlatformsMetaTrader 4WebTraderMetaTrader 4MetaTrader 4WebTrader
Spreadfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pipsfloatingfrom 0.4 pipsfor EURUSD~ 0.7 pipsfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pipsfloatingfrom 260 pipsfor BTCUSD~ 275 pipsfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pipsfloatingfrom 0.4 pipsfor EURUSD~ 1 pips
Commission per Tradeper 1 lot~ 2.5 $per 1 lot~ 2.5 $per 1 lot~ 2 $per 1 lot2.5 $
Trading AssetsForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersAgricultural CommoditiesCryptocurrencyForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersForexPrecious MetalsCryptocurrencyForexIndicesStocksBondsPrecious MetalsEnergy CarriersAgricultural CommoditiesForexIndicesETFStocksPrecious MetalsEnergy Carriers
Opened Positions
Leverage1:1-1:10001:1-1:1001:1-1:5001:31:1-1:10001:1-1:100
Margin Call / Stop Out100% / 40%100% / 80%100% / 40%100% / 80%100% / 40%100% / 80%
Order ExecutionSTPMMSTPECN
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegisterRegister

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.

Platform for binary options trading at GCOption
Platform for binary options trading at GCOption

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.

Contests on Grand Capital
Contests on Grand Capital

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.

GC Invest
GC Invest

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.

Managers Leaderboard on Grand Capital
Managers Leaderboard on Grand Capital

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.

Shares for Grand Capital investment portfolio
Shares for Grand Capital investment portfolio

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

Rating:3.2/5

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:

BrokerIC MarketsRaw SpreadPepperstoneRazorGrand CapitalECN PrimeVantageRawRoboforexECN
Commission per lot$3.5$3.5$2.5$3$2.16

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.

AssetAverage spreadSwap longSwap short
AUDUSD1.1 pips-4.99 pips-0.75 pips
EURUSD0.9 pips-6.89 pips1.86 pips
GBPUSD1.7 pips-5.07 pips-4.75 pips
NZDUSD1.6 pips-1.77 pips-2.40 pips
USDCAD1.4 pips-1.48 pips-5.41 pips
USDCHF1.8 pips5.97 pips-14.11 pips
USDJPY1.6 pips9.74 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

Rating:4/5

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 SystemCurrenciesDeposit FeeOperation Limit
Perfect MoneyPerfect Money
USDEUR
0.5%
PayRedeemPayRedeem
USDEUR
0%
Credit and Debit CardsCredit and Debit Cards
RUB
0%
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип EthereumETH (Ethereum)ERC20
0%
Логотип TetherUSDT (Tether)ERC20
0%
Логотип TetherUSDT (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 SystemCurrenciesWithdrawal FeeOperation Limit
Perfect MoneyPerfect Money
USDEUR
0.5%
PayRedeemPayRedeem
USDEUR
6%
Credit and Debit CardsCredit and Debit Cards
RUB
6%
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип EthereumETH (Ethereum)ERC20
0%
Логотип TetherUSDT (Tether)ERC20
0%
Логотип TetherUSDT (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

Rating:5/5

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):

BrokerIC MarketsGrand CapitalPepperstone
Forex615397
Precious Metals7720
Energy Carriers534
Agricultural Commodities81416
Indices251426
Stocks2175149986
ETF387108
Bonds103
Cryptocurrency216130

Margin Requirements

Maximum leverage varies depending on the market you are trading in.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:1000
Precious Metals
1:100
Energy Carriers
1:20
Agricultural 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

Rating:4/5

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.

MetaTrader 4 by Grand Capital
MetaTrader 4 by Grand Capital

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.

WebTrader by Grand Capital
WebTrader by Grand Capital

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

Rating:4/5

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.

Analytical reviews on Grand Captital
Analytical reviews on Grand Captital

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.

Grand Capital economic calendar
Grand Capital economic calendar

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.

Trader's calculator on the Grand Capital website
Trader's calculator on the Grand Capital website

Education

Rating:3/5

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.

A book from Grand Capital
A book from Grand Capital

Customer Support

Rating:4.5/5

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.

Grand Capital Pros and Cons

Advantages

  1. Diversity of account types. Grand Capital offers a wide selection of account types, allowing clients to choose the most suitable trading strategies and preferences.
  2. Tight spreads. The broker provides competitive spreads, especially on major currency pairs, making trading more profitable.
  3. Markets and products. Grand Capital offers various trading instruments, including Forex, stocks, commodities, indices, and cryptocurrencies.
  4. Support. Grand Capital provides multilingual support 7 days a week, 24 hours a day, ensuring quick assistance to clients on any issues.

Disadvantages of Grand Capital

  1. Regulation. Although the company is registered in the Seychelles, it is not regulated by leading financial regulators such as the FCA in the UK or ASIC in Australia, which may raise particular concerns among clients.
  2. High commissions. In addition to spreads, Grand Capital has other commissions, such as the overnight position rollover fee (swap), which can increase the overall cost of trading.
  3. Lack of MetaTrader alternatives. While MetaTrader 4 and MetaTrader 5 are widely used and recognized by traders, some clients may look for brokers offering alternative platforms such as cTrader or proprietary developments.

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.

Visit Grand CapitalTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - AuthorNikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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