Table of contents:
- 1 About Grand Capital
- 1.1 Grand Capital in check: Fraud or serious?
- 1.2 Regulation by FinaCom
- 1.3 Five account types and three demo versions
- 1.4 The offer in Forex and CFD
- 1.5 The offer in the binary options section
- 1.6 Birthday bonus and deposit bonus
- 1.7 Many providers for deposits and withdrawals
- 1.8 User-friendliness with potential for optimization
- 1.9 mobile app
- 1.10 Conclusion
- 1.11 How can i reach the customer service?
- 1.12 How can funds be withdrawed?
- 1.13 What are the trading options?
- 1.14 What are the available trading instruments?
Grand Capital user-ratings: $10
Asset varierity - 8.5/10
Trading platform - 10/10
Support - 8.5/10
Fees - 8/10
Deposit/Withdrawal - 8/10
Facts about the company:
- Type: Forex, stocks, and CFD Broker
- Regulation: FinaCom (IFC)
- Minimum deposit: $10
- Demo account: Free
- Markets: 330+ Forex, Commodities, Shares, Indices, CFDs, ETFs, bonds, cryptocurrency
- Zero Commission
- Trade with micro lots
- Deposit bonus available
- Three demo accounts are available
- Transparent customer support
- Immediate order execution
About Grand Capital
In this section, we would like to start by presenting the most important experiences that we have gathered during our Grand Capital Test. The trader who turns to the online broker Grand Capital for the first time immediately gets a very positive impression of a professional provider. A total of more than 300 different underlying assets are available for trading. Trading is done via MetaTrader, probably the most widespread trading platform in this area at present. The range of underlying itself has some surprises in store.
For example, the range of shares is only concentrated on the USA and Russia. The range of commodities is also very broad, including various types of metal and so-called cyber-currencies. All in all, traders dealing with Grand Capital’s offer for the first time should take some time, as the offer of several account types in particular results in a great many variants for trading. Each individual account type offers a specific selection of underlying assets. In addition, an account can be opened when trading with Binary Options. A total of around 40 underlying are available here, with returns of up to 85 percent possible.
|address||Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles|
|phone||+1 646 844 7187|
Furthermore, visitors to the Grand Capital website will immediately notice that this provider is currently celebrating its tenth birthday and has therefore put together a particularly attractive bonus package. Traders can receive up to 200 percent additional capital on deposits until the end of 2016. However, in order to take full advantage of the offer, traders should have sufficient English language skills. Although the contents of the internationally positioned online broker are available in numerous languages. This is a great pity, as the offer in the area of information and support sounds quite promising. Starting with a market calendar, over various discussion forums up to comments of house analysts of the Online Broker, there are several highly interesting and useful offers. Before we now turn to the individual categories of the offer, we would first like to answer the question of whether Grand Capital can be considered a serious online broker.
Grand Capital in check: Fraud or serious?
In order to be successful in trading in the long term, a number of important prerequisites must be met. Of course, the technology must work perfectly and the trading offer should also fit the trader’s needs. And, of course, the conditions also play an important role, as these also have a long-term effect on the trader’s return. On the other hand, many traders pay too little attention to the aspects of seriousness and security. In principle, it is not wrong to trust the information and announcements of online brokers. However, in the past, it has often proven to be important to take a closer look at the implementation of the announced conditions. With some dubious providers, it was certainly the case that the calculation of the conditions proceeded to the disadvantage of the traders.
In the case of Grand Capital, however, our tests have shown that the interests of the clients are taken absolutely seriously. The conditions are presented transparently in numerous tables and overviews, and there is no indication whatsoever that there are any deviations from these conditions when transactions are processed. Traders can therefore be confident that they are participating in trading on the basis of fair conditions. The same applies to the settlement of deposits and withdrawals. Grand Capital’s clients can also assume that they will receive their deposits promptly if necessary. All in all, this is a reputable provider, so there is no need to fear fraud or rip-offs.
In the following section, we would like to focus on the range of trading services that Grand Capital offers its clients. In the introduction, we have already pointed out that we can draw on a very broad range of underlying, including some exotic securities. However, the trading offer can only be considered meaningfully in connection with the different account types, as the selection of securities depends on the respective version. We would therefore like to start by looking at the available account types.
To sum up:
- Transparent conditions
- Fair deposit and withdrawal options
- Protection for different account types
Regulation by FinaCom
In this section, we would like to return to the issue of safety and in particular to the issue of regulation. Unfortunately, our test did not find out where Grand Capital’s headquarters are located. Although the Online Broker also has a few branches in Europe, it is not subject to regulation here. Instead, reference is made to the Financial Commission (FinaCom). In the end, however, we cannot judge how strict the regulations and controls by this organization are. How reliable the Online Broker can be in concrete terms can therefore only be assessed on the basis of our concrete experience.
However, we have not found any indications here that cast doubt on its seriousness and reliability. Of course, a certain residual risk cannot be ruled out, especially since the customer deposits are not subject to such strict regulations as those of an EU regulation. In the event of insolvency, therefore, it cannot be ruled out at least that customers’ deposits will be lost. This risk should always be taken into account when deciding on the amount to be deposited.
Five account types and three demo versions
Grand Capital offers a total of five different account types to choose from. In addition, there is a demo account, which is available in three different versions. On this basis, it is also very convenient to test the different models and find out which one is the optimal version. But also an entry into trading with real credit is possible with a comparatively low deposit. The so-called micro account can be opened for amounts as low as 10 Dollars or the equivalent in another currency.
Deposits are also possible in US dollars, Swiss francs, British pounds, or Russian rubles. Trading via this account does not incur any commissions but is carried out exclusively on the basis of spreads. Spreads of only one point are already possible. Leverages of up to 1:500 can be used in trading, whereby 1:1 trading is also possible. The main difference to the other account types, however, is the comparatively low availability of underlying assets. Only 66 of the total of over 300 underlying available through Grand Capital can be traded through this account. In addition, there is direct trading with six currencies and three metals.
The standard account, on the other hand, offers the trader considerably more options. Here, the trader can access the full range of the 330 underlying. With a minimum deposit of 100 Dollars, there are no particularly high financial hurdles to enter this account. The spreads also start at one point. In CFD trading as well as with US shares, commissions are also to be expected: 15 Dollars per transaction in CFD trading as well as 0.1 percent of the trading volume in the case of US share CFDs. The leverage available in trading via the standard account ranges up to an impressive size of 1:2.000. As a third account version, the so-called ECN account can be opened, which is available from a deposit of 1.000 Dollars.
This is specially designed for traders who use strategies like scalping in trading. However, only 38 underlying instruments are available for this purpose, which can be traded at particularly favorable conditions. The spreads start at 0.4 points and the commission is only 5 US dollars per transaction, which is very convenient for large volume trading. For customers with an Islamic background, a so-called Swap-Free Account is offered, which also requires a minimum deposit of only 100 Dollars. The fifth version is a separate account for trading binary options. On the basis of 42 values, you can decide whether these values fall or rise within a fixed period of time. The minimum deposit for this account is 50 Dollars.
The offer in Forex and CFD
As explained in the previous section, the selection of the available underlying depends directly on the account type selected. Traders should therefore carefully consider which underlying they actually want to trade and which account is selected for this purpose. However, it is still possible to switch between the account versions at a later date. In the description of the available underlying, we are guided by the selection for the standard account, for which a minimum deposit of 100 Dollars is required. All in all, traders can access a very wide range of different underlying. The depth in individual categories is rather limited. In terms of currencies, this means that around 40 combinations of the more heavily traded currencies are available. In addition to the well-known majors, i.e. US Dollar, Euro, Japanese Yen, and British Pound at Grand Capital, these include currencies such as the Canadian Dollar, Swiss Franc, Mexican Peso, or Swedish Krona, to name but a few. In total, the selection of combinations includes around 50 pairs, which is quite a respectable offer.
The second important category is made up of various commodities. Among them are ten energy values, with different types of oil and gas counted as separate values here. In fact, only oil and gas are available. On the other hand, the range of agricultural products and foodstuffs is very broad. Trading is possible on the basis of the price development of orange juice, cotton, or cocoa, for example. Soya products such as beans or oil are also available. And the price of oats can also be speculated on. Various prices for livestock and meat are also available for trading.
As a further category, shares are offered by Grand Capital. Only stocks from the USA and Russia are available for trading. In contrast, the range is somewhat broader in the area of indices, where the world’s leading stocks can be accessed, i.e. Dow Jones, Nasdaq or DAX. The Nikkei, on the other hand, is not available. Finally, we would like to draw attention to the category of cyber or even crypto-currencies: Here the currencies Bitcoin and LTC are available for trading. All in all, a very broad variety of underlyings can be used, although individual stocks or segments are often missing, such as European stocks or the Japanese Nikkei index.
The offer in the binary options section
In addition to trading Forex products and CFDs, Grand Capital clients also have the option of opening a separate account to trade binary options. There is a choice of around 40 underlying securities from the categories commonly used in this trading segment – stock indices, commodities, and, of course, currency pairs. The expiration times that can be used in a trading range from one minute to 48 hours. Maximum returns of 85 percent are possible here. Other instruments with which even higher returns can be achieved, such as “Ladder” or “One Touch” are not available. The Binary Options Trading Account is an interesting addition to the range of products on offer, but the selection of underlying assets and trading instruments leaves something to be desired.
Birthday bonus and deposit bonus
Traders who decide to open an account with Online Broker Grand Capital can also benefit from various bonus offers, but these are not exclusively for new clients. These initially include a deposit bonus of 40 percent. This bonus is valid for an unlimited period of time and is also not made dependent on the amount of the actual deposit. Traders who only open a micro account are excluded from this bonus offer. Furthermore, only leverage of up to 1:100 can be used when trading with bonus capital.
In the event of a payout, the bonus is also reduced by 40 percent of the payout sum. Until the end of the current year 2016, you can also benefit from a birthday bonus, which ideally can be up to 200 percent of the deposit sum. The actual amount of the bonus depends on the type of account chosen, the amount of the deposit, and the length of time you have been a member of Grand Capital. If, for example, the Swap Free account was chosen and the client has been trading with Grand Capital for seven years, the full bonus amount can be benefited from a deposit of 3,000 Dollars or more.
|Deposit bonus:||40 percent|
|Bonus conditions:||6 months for use, bonus amounts (40%) are deducted from payouts|
|Other bonuses:||up to 200 percent (birthday bonus) by the end of 2016|
Many providers for deposits and withdrawals
A very wide range of methods and possibilities can be used in the banking sector. Initially, all three currently common procedures are available, so that money can be deposited and retransferred using credit cards, bank transfers, and various online service providers. There are no fees charged by any of the methods when Grand Capital deposits money, which of course does not exclude the possibility of fees being charged by the service providers. The situation is different for withdrawals, where different fee rates apply. Specifically, deposits and withdrawals can be made with providers such as MasterCard, VISA, and Maestro. E-wallets include Skrill, Neteller, FastPay, or Webmoney, to name but a few.
User-friendliness with potential for optimization
As described in the previous sections, Grand Capital’s clients have access to a very wide range of trading opportunities. There is also a choice of five account types. The presentation of trading opportunities for each of these accounts is not always user-friendly enough to show all the opportunities at a glance. Also, the concrete representation of the underlying is in our opinion, and in the direct comparison of other CFD providers a bit in need of improvement, because only abbreviations are used, which are not always very informative for the trader. Overall, however, there is a great deal of information about Grand Capital’s offering. With the concrete representation, there is still some potential for optimization.
Finally, we would like to talk about the possibilities that Grand Capital provides in the area of mobile trading. The trading itself is based on the software of MetaTrader. For iPad, iPhone or Android based devices free versions can be downloaded, which allow full-fledged trading with the mobile device.
With Grand Capital, we have tested an online broker who is present on the market with great ambitions. First of all, the breadth of the trading offer is impressive, which includes Forex instruments and CFDs as well as binary options. In detail, however, it then becomes apparent that the range of available underlying is not always structured as optimally as the trader would like. Thus, important indices are missing and even entire regions are not taken into account when selecting shares.
However, this criticism should not hide the fact that a comprehensive range of products is available, which also includes some exotic underlying. There is also a demo account available in several versions so that the offer can be tested in peace. Based on the five different account versions, different condition models are also available. Entry into trading is possible from a deposit of only 10 Dollars. In addition, we were able to gain the impression that this is a serious provider, where the traders do not have to fear fraud or rip-offs.
Most asked questions:
How can i reach the customer service?
The customer support is available 24/7 in multilingual languages via email: firstname.lastname@example.org, via phone +1 646 844 7187, or via live support.
How can funds be withdrawed?
You can withdraw money by following the next three steps: First, you register a Webmoney wallet. Then you can make a deposit with your GC Micro account and finally you contact the customer support to register your wallet number in the GC system.
What are the trading options?
With Grand Capital, you can Trade with the popular trading platforms MetaTrader4, MetaTrader5 and the WebTrader via computer or mobile devices.
What are the available trading instruments?
Traders can trade with 300+ trading instruments. Grand Capital is namely a forex and CFD Broker but trading binaries, commodities and cryptocurrencies are also available.