Grandcapital Review

Among forex brokers, GrandCapital has a long and distinguishable history of binary and forex options trading. Offering trading options to traders all over the world, they have their base in Saint Petersburg, Russia and operate in Europe, Russia, Africa and Asia.

Who is behind GrandCapital?

The founder of the company is Stanislav Vaneev, and the company has its operations start in 2006. The company started attracting regional partners from 2009, resulting in opening offices in Africa, Asia, CIS, Russia, and Europe.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

The company has opened various platforms that increase its profile on different trading aspects. Among these is the WebTrader launched in 2013, and caters to in-browser trade using online trading terminals. They were also the first Russian-based broker to implement binary Options in MT4 platform, which is what the site uses largely.

They also have account management options on both Android and iOS platforms, increasing convenience for mobile users as well.

What trading conditions does it offer?

Minimum deposit

When you want to open an account with the platform, you have to deposit $10. This is a minimum amount that applies to ECN accounts too; some platforms have higher financial requirements for the same.

Trade options

The site offers two binary options – breakout and Double touch options.

For breakout options, it offers chances of getting increasing payouts when you trade the same assets. Double touch options require you to set two possible levels of the price that the asset can achieve.

Advantage rates

Grand Capital is among the forex traders that offer the highest rates in the industry, with their spreads having rates of up to 1:2000. Keep in mind that some jurisdictions may place limits on the advantage, such as the US placing it at 1:50, though many traders give rates that exceed 1:500.

In addition, you need to be careful when dealing with the higher advantage rates because it may lead to heavy losses.

Trading platforms on the site

Similar to other forex trading platforms, the GrandCapital platform uses MT4 largely. They offer trade in 54 forex currencies, 330 trading instruments, stocks and indices, slot metals such as silver and gold, and futures like energy resources and raw materials. In addition, they allow the trade of cryptocurrency, especially Namecoin, Bitcoin, Peercoin, Ethereum, Litecoin, Dashcoin, and more. The site offers twenty currencies, and their trade on ECN accounts attracts commission rates of 0.8%.

They also have WebTrader that acts as a terminal for cases of online trading through in-browsers. Depending on the trading you carry out, you can access different interfaces. The advantage of WebTrader lies in its functionality – it is analogous to MT4 platforms, though you do not need to install it before use.

In addition, there is the GC Binary mobile application. This is a multi-function application on mobile platforms (iOS and Android) and is good for Binary Options trade. It allows you to open and close trades on the charts, as well as accessing current quotes. These aspects assist you to get a more profitable and effective investment in the long-term.

Account types present on the site

The account options on the site are of three types, all giving an investor opportunities to trade in micro-trade lots that have lower risk, in addition to access to the worldwide-recognized MT4 platform.

All the accounts on the site offer you commission free trading, except for the ECN account. The others, the Standard and Micro accounts, provide clients with the chance of choosing between market and instant execution, and variable and fixed spreads.

When your account has a minimum balance of $100,000 or more, it gets VIP status. The benefits that accrue to such accounts are greater, such as the policy of no withdrawal and deposit fees, 24% annual interest on earnings, in addition to a personal account manager.

For Islamic account holders, Grand Capital also has a swap-free service that complies with Sharia law.

Summary of account types on the site

Micro account:

  • Minimum deposits – $10

  • Commission rates – $0

  • Trading instruments available – 66

  • Amount limits – 1,000 lots

  • Stop-outs – 50% or 20%

Standard accounts

  • Minimum deposits – $100

  • Commission rates – $0 (forex trade), $15 (CFD trade)

  • Trading instruments – 330

  • Amount limits – 25 lots

  • Stop-outs – 50% or 20%

ECN accounts

  • Minimum deposits – $1,000

  • Commission rates – $5

  • Trading instruments – 38

  • Amount limits – 25 lots

  • Stop-outs – 50% or 20%

SwapFree account

  • Minimum deposits – $100

  • Commission rates – $15

  • Trading instruments – 330

  • Amount limits – 25 lots

  • Stop-outs – 50% or 20%

Options accounts

  • Minimum deposits – $10

  • Commission rates – $0

  • Trading instruments – 27

  • Amount limits – $5,000

  • Stop-outs – None

Variable vs. fixed spreads

There are two kinds of spreads in the forex market scene – floating/variable spreads, and fixed. For the case of fixed spreads, these give the trader more assurance when trading because their rates do not change as much and they tend to have wider pips than variable spreads.

Fixed spreads give about two or three pips, while variable spreads can vary from zero pips to whatever the broker and market conditions dictate.

In recent times, the popularity of variable spreads is increasing, due to the high rates of returns they offer when favorable major events occur. However, the forex trade platforms now put caps on variable spreads to minimize losses for traders.

Payout amounts

This is dependent on the trade options you have and their expiry time, though the percentage of payouts that the platform gives is 40% to 86%. This is among the best offers you can get on the binary market. Keep in mind that the higher the percentage payout the broker offers, the higher the return you get.

Deposit and withdrawal options

You can deposit and withdraw on the site using various options, such as e-wallets, credit cards, and bank wire transfers.

For you to withdraw funds, the minimum is $10, and processing of the transaction takes between one and three days. The good thing is that there are no withdrawal fees.

The credit and debit cards on the site include JCB, Maestro, MasterCard, Visa, Diners Club, American Express, Visa Electron, and PaySafeCard.

E-wallet options include OKPAY, Skrill, Payeer, CashU, Pay Co, Neteller, Perfect Money, InPay, TasaPaym RegularPay, Moneta.ru, and PayBoutique.

Commission and bonuses

The site has very attractive bonuses, with the best one being the no-deposit bonus ($500). This is available even to micro account holders that deposit as little as $10. You can also get the bonus during 7-day trades, and this means the advantage of your account cannot go beyond 1:100.

You can only withdraw the bonus after doing a certain number of trades on your real account. The standard is that for each $5 you make in profit, you must trade one lot (or 100 lots on a micro account).

An additional benefit is the extra bonus that goes to each deposit, which amounts to 40%.

Customer service

The customer service of the company is active and up to date. You can contact them through telephone, Skype, email and live chat. In fact, their phone number is available is 16 cities worldwide.

Pros

  • They are an award-winning broker

  • They have many years of experience in the industry

  • You can access an account management service

  • Early closure is accessible

  • The account options give you a low initial deposit and minimum bet sizes

Cons

  • There is lack of a sign-up bonus

Conclusion

The GrandCapital site has a good reputation of offering competitive opportunities in trade of binaries using MT4 platforms.

Leave a Reply

Your email address will not be published. Required fields are marked *

Real Time Web Analytics