Grand Capital Broker Overview – Pros, Cons, and Warnings

Grand Capital Broker Overview – Pros, Cons, and Warnings title=
2.9/5
Open account
Grand Capital is a broker which offers a diverse range of tradable products all from one account.
Min. deposit
$10
Website address
Demo account
Yes
Currency
CHFEURGBPJPYUSD
Supported languages
EngRus
Active
Yes
Payment Methods
ADVcashFasaPayNetellerPayRedeemPerfect MoneyRBK MoneyWestern UnionWire Transfer
Instruments
binary optionsCFDscryptocurrenciesenergiesForexindicesmetalsshares
Min. trade price
0.01 lots
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
Yes
Demat Account
No
Mobile Apps
Yes
Margin Trading
No
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
No
Demo Competitions
Yes
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
Yes
Copy Trading
No
Trade Signals
Yes
Islamic Account
Yes
Guaranteed Stop Loss
No
Stock Exchanges
New York Stock Exchange
Commodities
GoldSilver
Forex Trading
Trade on multiple forex pairs at Grand Capital.
Forex GBPUSD Spread
27
Forex EURUSD Spread
17
Forex EURGBP Spread
16
Forex Assets
54
Crypto Spread
Floating
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BAT, BCH, BNB, BTC, DSH, EOS, ETC, ETH, IOT, LTC, NEO, OMG, TRX, XLM, XMR, XRP, ZEC
Binary Options
Trade straightforward binary options contracts with high payouts.
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.9,
according to 30 reviews

4.5 Stars
Henry Ola
Henry Ola
stars
ng
I enjoy the broker service. their spread, time of execution and withdrawal/deposit are great. i recommend this broker.

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Charles Moreno
Charles Moreno
stars
br
Só queria elogiar a corretora. Abrir minha conta na GC para testar e super me surpreendi, muito eficiente, rápido pagamento. Vou usar sempre a partir de agora. parabéns! I just wanted to praise the broker. Open my GC account to test and I was super surprised, very efficient, fast payment. You will always use it from now on. Happy birthday!

View all

Javed Iqbal
Javed Iqbal
stars
pk
Grand capital is a good broker with best cooperative staff. Easy deposit and withdraw.. with low spreads. Advice to join this broker. Fully guideline to their customers... Thanks.....

View all

Richmond Osei Tutu
Richmond Osei Tutu
stars
gh
This is by far the best broker I have ever dealt with. Their customer support is superb, they are very fast to respond and their services and trading conditions are very flexible. I sure will tell everyone about Grand Capital... Kudos to a great job!

View all

Juank Rojas
Juank Rojas
stars
co
Your customer service or Support is the best. Very attentive and agile to solve each user problem. I give a 10 to Grand Capital and a 10 to Margarita G.

View all

Richmond Osei Tutu
Richmond Osei Tutu
stars
gh
Grand Capital is the best when it comes to Customer care- their live chat support is very responsive quick and open to answer your every need. I love this broker... they are the best!!!

View all

Content

Grand Capital is a broker which offers a diverse range of tradable products all from one account. It serves clients from around the world, except for US and Japanese residents.

Grand Capital is regulated by Finacom, an independent self-regulatory organization, and has been in operation since 2006. Users are able to choose from multiple accounts depending on capital availability and experience. There are options to trade forex, crypto, stocks, commodities, and indices.

Grand Capital Broker Overview - Pros, Cons, and Warnings

The minimum deposit starts at $10. Considering opening an account with Grand Capital? Continue reading to understand the pros and cons of this broker, whether they are safe to deposit funds with, the trading fees, deposit and withdrawal methods, and much more.

ProsCons
Regulated by the Financial Commission (Finacom), a self-regulatory organizationNot regulated in major jurisdictions such as the UK, Europe, the US, Australia, Canada, or any other
Various account choices including “no commission” and “commission” accountsHigh commission fees on some accounts and trading instruments
Minimum deposit of $10High overnight/swap fees.
More than 400 trading instruments in commodities, stocks, forex, indices, and crypto.Fees for many withdrawal methods
Up to 500:1 Leverage
Free demo account and 40% deposit bonuses

Is Grand Capital Safe to Deposit and Trade With?

Is Grand Capital Safe to Deposit and Trade With?

Grand Capital is regulated by the Financial Commission, and has been in operation since 2006. It is not regulated in any major jurisdictions. More thoroughly regulated brokers are often a better choice.

Finacom is a self-regulatory organization, meaning it gets money from the brokers who pay to join. While this may be better than no regulation at all, it is not the same level of assurance as being regulated by the appointed governing body of a country or jurisdiction.

Grand Capital also doesn’t specify whether they offer segregated funds, which is an important feature traders should seek out when researching brokers. A segregated account is when client funds are kept separate from Grand Capital’s own working capital.

In the event of a company default, segregated funds are safe in a trust account. If funds are not segregated, then it can be difficult to get the capital back since the broker is in default and likely lacks capital to pay back clients.

While Finacom does offer up to $20,000 in investor protection, this only applies if you win a judgment against the broker and the broker refuses to pay. It does not cover losses from trading or if the broker goes insolvent.

The company has been in operation since 2006, but has a low TrustPilot rating of 2.7 out of 5. There are other regulated brokers with similar features which may be a better choice, such as Exante or IG.com.

Further reading

What are Grand Capital’s Trading Fees?

What are Grand Capital’s Trading Fees?

Grand Capital trading fees are different for every account they offer. Some fees are quite high.

The following table shows the minimum spread for various instruments based on the account type. Most accounts also have a commission charge for certain assets. The main fees to be aware of are:

commission charge

  • Commission of $4 to $10, per lot, on forex pairs on some accounts.
  • Commission of $5 to $15 per contract on commodities and indices, which varies by account.
  • Commission of 0.1% on the cost of a trade on all share and ETF transactions.
  • Very high commissions, per lot or contract, on the Swap Free account.

There are also “swap” or rollover fees for holding positions overnight.

  • There is a 10% to 18% (yearly) fee for holding stocks overnight, which is billed daily.
  • There is a 12% to 15% (yearly) fee for holding indices overnight, billed daily.
  • Crypto and commodity CFDs are charged a certain number of pips each day for holding overnight. Check current rates here.
  • Forex rollover varies based on the interest rate in the underlying currencies of the pair.
Further reading

Grand Capital Product Offerings

Grand Capital Product Offerings

Grand Capital offers more than 400 tradable products in various asset classes, but this only applies to the MT5 trading account. With all other account types, there will be fewer instruments available.

Users can trade more than 50 forex pairs, including majors like the EUR/USD, GBP/USD, USD/CHF, USD/CAD, and USD/JPY. As for commodities, you’re able to trade oil, natural gas, gold, silver, and palladium. Trade popular stocks from the USD, Europe, Asia, and Russia.

For indices, you can trade global indices including the CAC 40 from France, the S&P 500 from the US and the FTSE 100 from the UK. Trade 13 indices in total.

Grand Capital Product Offerings

Grand Capital also offers a wide range of cryptocurrencies. You can choose from 68 cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Tron versus several fiat currencies.

Further reading

Grand Capital Promotions and Bonuses

Grand Capital Promotions and Bonuses

Grand Capital hosts different promotions at different times, and some promotions may differ by location or deposit amount.

Grand Capital is currently offering a 40% bonus on all deposits. The credit can only be claimed on the first deposit made into the account, as well as every six months assuming the deposit amount is at least 10% of the original deposit amount. The bonus funds are not immediately withdrawable. The bonus is released (and becomes your capital) in $3 increments for every one lot traded.

bonus is released

Further reading

What is the Minimum Deposit and Withdrawal Amount at Grand Capital?

What is the Minimum Deposit and Withdrawal Amount at Grand Capital?

The minimum deposit amount is $10 for a micro account. All other accounts require at least $100, with the ECN Prime account requiring $500.

Below, you can see the Grand Capital minimum deposits based on account type:

Standard: $100

MT5: $100

Micro: $10

ECN Prime: $500

Crypto: $100

Swap Free: $100

Grand Capital doesn’t specify a minimum withdrawal amount, but they do charge commissions on several withdrawal methods. Expect to pay a 0.5% commission on most withdrawals.

commission on most withdrawals

There are no fees for depositing, except with Perfect Money (0.5%) and a flat fee for the Bank of Nigeria.

except with Perfect Money

Note: You must withdraw with the same method you deposited; otherwise the withdrawal request will be denied.

Further reading

Grand Capital Deposit and Withdrawal Methods

Grand Capital Deposit and Withdrawal Methods

Grand Capital offers a number of deposit and withdrawal methods, including bank transfers, payment services, and cryptocurrency.

The graphic in the prior section shows all the ways you can deposit and withdraw from Grand Capital, as well as the typical processing times and fees. Here is a list of those methods.

Bank CardsBank WindhoekFNB NamibiaGTBank NigeriaPaylivre Bank
FasaPayHelp2PayPayRedeemPayTrustPaylivre
AstroPayPerfect MoneyThunder X
BitcoinEthereumTetherIndian Exchanger

Most withdrawals will be processed within a time frame ranging from 15 minutes to one day.

Further reading

Grand Capital Account Types

Grand Capital Account Types

Grand Capital offers six account types. Each has different trading conditions and different product offerings, so before opening an account consider which one is best for your trading style.

The six account types are:

  • Standard: $100 minimum deposit
  • MT5: $100 minimum deposit
  • Micro: $10 minimum deposit
  • ECN Prime: $500 minimum deposit
  • Crypto: $100 minimum deposit
  • Swap Free: $100 minimum deposit

All accounts can be opened in USD. Micro and Standard accounts can also be denominated in EUR, RUB, JPY, GBP as well as crypto and/or metals. Here is a breakdown of how the various accounts compare.

commission charge

The main difference between the accounts is leverage, spreads, the trading instruments offered, and the commission costs. The crypto account offers 3:1 leverage, while all others offer 100:1 or higher. MT5, ECN prime, and crypto accounts have the lowest spreads, but there is a cost for each trade. Micro accounts have larger spreads, but there is no commission.

Further reading

Grand Capital Trading Platforms and Apps

Grand Capital Trading Platforms and Apps

Grand Capital provides trading platforms for both desktop and mobile, as well as downloadable software and a trading platform you can access online.

Grand Capital offers MetaTrader 4, MetaTrader 5, and Grand Trade (its own software). These are all available via mobile and desktop versions. MT4 and MT5 are offered by most forex brokers in the world. Here are a few key differences between the platforms so you can decide which is right for you:

variety of trading styles

One of the main things to notice is that certain account types are only allowed with certain trading platforms. With the Grand Trade platform, you can trade on Standard and ECN Prime accounts.  With the MT5 platform, you can only trade the MT5 account.

With MT4, you can trade the Standard, ECN, Swap Free, and Micro accounts. Cryptocurrency trading is available on all platforms. MT5 is more suitable for algorithmic traders or traders who like to program their strategies. MT4 is suitable for a wider variety of trading styles.

wider variety of trading styles

All of Grand Capital’s platforms offer a wide range of functionality that will suit most traders’ needs.

Further reading

Grand Capital Support and Education

Grand Capital Support and Education

Grand Capital provides 24/7 customer support as well as educational resources and real-time market analysis.

You can contact Grand Capital via:

  • Email: support@grandcapital.net
  • Chat: Click the chat button along the lower right of the screen when viewing the site.
  • Phone: Grand Capital has multiple offices around the world. This link provides you with the offices and their phone numbers (select a country first).

With offices around the world, support is offered in many languages. In terms of educational resources, Grand Capital provides daily analysis of various markets.

Most of these analysis pieces are very brief, offering little in the way of education, but the articles do often outline a trading concept based on a brief description and price chart. However, make sure to test these ideas in a demo account before trading to see if the analysis is consistently reliable.

Further reading

Grand Capital Investment Portfolios and Copy Trading

Grand Capital Investment Portfolios and Copy Trading

Grand Capital provides users with the option to invest in a customized portfolio of CFDs, or to copy the trades of other traders.

Copy trading is a way to copy the trades of other traders. Traders (including you) can make their trades public so their track record is visible to all. Then, others can copy their trades. Note that most traders who have their track record posted have a limited history. The longest track record at the time of writing was about 120 days.

While some traders may have good returns over short periods of time, there are no accounts currently available that have been able to consistently make money for a year or more. Copy cautiously. Traders are compensated by taking a percentage of profits from the traders who follow them.

Investment portfolios are another choice that Grand Capital offers. Users are able to select a basket of assets and invest in them all at once.

While this is touted by Grand Capital as a one- to six-month investment strategy, recall that you will be paying commissions and swap fees on these trades. That will significantly eat into profits the longer the trade is held. Once again, use this tool cautiously.

use this tool cautiously

Further reading
Grand Capital FAQs

Grand Capital FAQs

Is Grand Capital regulated?

Yes and no. They are regulated by a self-governed organization called the Financial Commision (Finacom). Finacom is not regulated in any jurisdiction and has no legal authority; it is a pay-for-membership organization. It is not equivalent to being overseen by a real regulatory body.

Does Grand Capital offer demo accounts?

Yes, you can open a demo account with $10,000 in virtual funds using the Standard, ECN Prime, and MT5 account types.

Can I use automated strategies with Grand Capital?

Yes, you can use automated strategies, or algorithmic trading, on accounts that use the MT4 and MT5 trading platforms. Automated trading is not available on Grand Trade, which is Grand Capital’s own trading platform.

Can I trade on my phone with Grand Capital?

Yes, the MT4, MT5, and Grand Trade platforms are all available via mobile app, which means you can trade on the go from your phone.

Does Grand Capital offer any loyalty programs?

Yes, you can receive a rebate on your trading fees based on how many consecutive days (not including weekends) you trade. The “payback” only occurs after five consecutive days of taking at least one trade.

The daily payback from the sixth day onward is the number of lots traded x 1.5. So if you traded 1 lot on the sixth day, your payback is 1 x 1.5 = $1.50. Rewards increase the longer the streak lasts.

How many clients does Grand Capital have?

According to Grand Capital, it has 750,000 clients worldwide. That said, there is no way to verify this using external sources.

How many countries does Grand Capital operate in?

According to Grand Capital, it has clients in 190 countries. There is no way to verify this statistic with external sources. It does not accept clients from the US or Japan.

Final Thoughts on Grand Capital Broker

Grand Capital is a broker with minimal regulatory oversight and doesn’t offer segregated accounts to clients. While it has been in operation since 2006, its high fees make it a far from ideal choice. Trading conditions and the instruments you can trade vary significantly based on the type of account you open.

There is a wide range of deposit and withdrawal methods, but there are fees for many of these. You must also withdraw using the same method you deposited with.

Overall, Grand Capital may be a viable choice if you have limited broker choices in your area. If you have other choices, pick a broker that is more regulated and offers lower trading fees. Check out our reviews of other forex brokers.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading
General Risk Warning: Your capital might be at risk