• GrandCapital

  • Regulated: 
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Broker Name: GrandCapital
Platform: MetaTrader 4
Founded: 2006
Bonus: 200%
Return/Refund: 75-85%/ 0-15%
No. Of Assets: 42
Demo Account: Yes
Minimum Deposit: 100
US Traders:   Not Accepted

GrandCapital Review

by Martin Kay

GrandCapital is owned by Grand Capital Ltd., a company located in Mahe, Seychelles at 106 Premier Building Victoria. They are regulated by The Financial Commission, which is “an independent self-regulatory organization and external dispute resolution (EDR) body, that is dedicated specifically to Forex”. Grand Capital also offers Forex and CFD trading and the quote above makes me understand that only Forex trading is regulated by the Financial Commission. Either way, this is not a major financial watchdog as it is not backed by the Government so I can conclude that the binary options branch of Grand Capital is not regulated by a major financial regulatory authority.


Is Grand Capital A Scam?

The firm was established in Russia and has been operating since 2006 (binary options trading was added later), so we can call them long timers, an experienced broker but we cannot call them a Scam. However, the Financial Commission regulation is not a big deal to me, so keep that in mind. Why you may ask… well because the Financial Commission (FINACOM PLC LTD) is located in Hong Kong and regulates a company from Seychelles. Sure, this commission is an international body, with addresses in other countries too, but none in Seychelles. Bottom line, I like it the “old school” way: Located in Cyprus – regulated by CySEC. Located in Seychelles – regulated by the Financial Services Authority of Seychelles.


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Editor’s Note: Why Grand Capital Doesn’t Suck In 50 Words

Binary Options right on Meta Trader 4! This is a great addition that I want to see on all brokers. What’s even better is that you don’t have to install separate plugins – binary options trading is already available when you install Meta Trader 4. But it gets better still: their support rep gave me all this info ASAP! Didn’t ask me if I had an account, didn’t ask me to create an account, nothing. I just asked my question and he answered.


Why Grand Capital Sucks In 50 Words

What I don’t like is how they present binary options: as a high return – low-risk product. “Invest and take profit”, “minimized risks and extremely high returns” are just a few of the ways they describe this popular way of trading. Financial watchdogs compel the companies they regulate to properly explain the risks of trading any type of market, not only binary options but Grand Capital falls short in this category.


Should I Open An Account With Grand Capital?

Despite the lack of major regulation, this brokerage has some features that put it above average in my book. First up, the platform is the best out there, in my opinion: Meta Trader 4. When I say that a “classic” binary platform is good, I never compare it to MT4 because no binary options platform even comes close to MT4. It would be like comparing my running with Usain Bolt’s: we’ll both get there eventually, but he will probably have a nap waiting for me. Of course, if you are not interested in analyzing before trading, then you don’t need MT4 because you can press Call or Put on any platform… but that’s not trading, it’s gambling. Anyway, I digress.

Grand Capital also offers a web platform (no download needed), with charts provided by TradingView and guess what: technical analysis tools. That just goes to show that this brokerage wants to offer clients the tools they need to succeed.

On top of all that, add a Free Demo account (and by free I mean no deposit and no registration required) and a very low first deposit of just 50 USD, and you have a very competitive brokerage. All that’s missing is proper regulation. The education side is a bit lackluster so they should improve it a bit, and they should cut back on the low risk – high returns stuff.

Overall I like this brokerage better than others. The very low minimum deposit combined with a great platform and “no hassle” live support makes them a good addition to the ever-expanding pool of binary options brokers.


Grand Capital Complaints

The internet can be a harsh place that doesn’t always make sense. I say that because here’s what a user has to say about Grand Capital: “This company Broker are Crude to many innocent people”. I get the overall idea: they are bad. But I don’t understand what is he/she trying to say exactly or whether he/she is referring to the Binary Options or Forex branch of Grand Capital. Anyway, other than this one we couldn’t find any major complaints online but as always, we will update if necessary.


Grand Capital Regulatory Warnings And Announcements

At the time of writing there are no warnings or announcements coming from any financial watchdog regarding Grand Capital. However, it is worth noting that Grand Capital CEO Stanislav Vaneev mentioned in a recent interview that “…the CySEC regulation we are soon to acquire will, undoubtedly, open new markets and give a new spin to the development of the company”. Hopefully, that new regulation materializes because it would be a great addition.


Grand Capital Bonus

The bonus for Binary Options accounts is 15% for a minimum of 100 USD deposit and can go as high as 200% , depending on the sum you deposit and on how long you have been trading with Grand Capital (yes, the longer you’ve been trading with them, the bigger the bonus you can get). Client’s money is free to withdraw but the bonus is locked by a 40 times turnover that must be reached within 3 months.


Grand Capital Withdrawal

Funds can be deposited via credit cards (Visa and Mastercard), wire transfers and tons of e-wallets, including Neteller, Perfect Money , Skrill, WebMoney and much more, as well as local transfers. Deposits via wire take between 3 and 5 working days, while credit card and e-wallet deposits are processed as fast as 15 minutes. Withdrawals can be made through the same methods and generally take up to 3 working days to process.


Grand Capital Extras

Trading on Meta Trader 4 is the best extra feature but I can mention also LAMM accounts, which is similar to copy trading but according to them, this type of trading has greater transparency because you will be able to see who exactly is trading for you and stop “following” a trader as soon as you wish.


Grand Capital Ratings

User Friendliness 17/20

There’s a lot of info on their website but it’s all structured well so I didn’t have any problems finding what I was looking for. The website is translated into 15 languages, Demo accounts are available, as well as mobile versions of the platform.


Number of Assets and Expiry Time 12/20

They only offer a total 42 underlying assets, with a focus on currencies. I am sure some traders will find this too low, so I believe Grand Capital will widen their basket if enough people request it. The shortest expiry time is one minute and the longest is 48 hours, in increments of one minute. This is not enough for people who want to trade long term, so I think Grand Capital should work on this aspect as well.

Commissions, Support and Effective Return 15/20

It’s free to open an account, support is very fast and, more importantly, it is actually helpful. The effective return goes up to 85% but some commodities and indices have very low ITM payouts: 40%. However, they are mainly focused on currency pairs and the returns for successful currency trades are mostly in the 85% range.

Deposit, Payment and Bonus 15/20

Deposits and withdrawals are fast and can be carried out through a wide range of methods (credit cards, wire transfers, local transfers and tons of e-wallets). The Bonus can go as high as 200%, with a 40 times turnover. Client’s investment can be withdrawn even before the turnover is reached but in this case, the bonus will be canceled.

Website Extras 16/20

As I’ve already said, the ability to trade binaries right from Meta Trader 4 is a great option. To that, I can add a transparent copy trading system, called LAMM.


Grand Capital Overall Ratings (75) + Regulated (+3) = 78/100

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