Grand Capital Review 2021
Foundation Year : 2006
The Grand Capital Group is working under Grand Capital Ltd, which is in the Grenadines, St Vincent and Seychelles. It was founded in 2008, and its headquarter is in hong kong. The broker is not regulated by an authorised financial authority.
It is not known for its advanced technological platforms. It lacks in all the services, whether it is customer care, trading strategies, tools and features. Grand capital is lacking behind in the financial market.
Whereas new firms had made a place in the trader’s hearts, the Grand Capital is disheartening customers because of its pathetic working conditions and irritating features. The
Is Global Capital safe or a scam?
It is always a difficult task to know if a company is legitimate? Over time, as trading firms are increasing, it increases the researchers and traders’ task to know whether the company is legally verified. Global Capital was founded in 2006. It is not a registered company with a regulatory body. It does not provide hedging and negative balance protection.
The Company always volatile trading opportunities of the traders that have dispirited clients. The website does not cover all the information about the company. Moreover, it resembles a fake website. Global Capital does not provide SSL encryption. There is always a risk involved with Global Capital.
The company is a scam. It doesn’t disclose its details. Above all, it is not regulated by any statutory body. Suppose if the firm eats your funds, then you can’t do anything. So it is very important to have a deep look at the company licence and regulatory body.
These help traders not to come in direct influence of fake brokers or those brokers who are engaged in speculative activities. If they do so, the regulatory body has the power to make traders funds available with profit to them.
Grand Capital: Trading Platform
Where the world has shifted towards the updated technology, the company offers web trading platforms only. It also does not offer IOS, Android and Microsoft trading platforms.
Trading can not be done from all the operating systems. It only offers a web platform which does not cover important features such as analytical tools, price alerts, one-click trading, market measures and trading signals and direct market access.
The company is still providing dull and old MT web trader services, whereas the trading world has shifted towards the latest MetaTrader platforms like upgraded MT5.
Global Capital allows investors to trade on 128+ assets, whereas most companies offer more than 1000 assets.
Commission, Fee and Spreads
There is no clarity about the commission. Global capital has comparably high spreads. The biggest drawback of global Capital is as a high fee. The trader pays higher is his/her chances of losses, or it has a negative impact on potential profits.
Leverage, one of the most important tools for traders, which allows them to earn a profit. The leverages are up to: 1:500 on Standard and Micro accounts, 1:100 on ECN Prime and MT5 and 1:5 on Cryptocurrencies that are low compared to the other brokerages.
Grand Capital: Account opening
It is complicated. While opening an account, the customer has to follow lots of steps. The trading journey is not as simple as it seems to be. Client needs to upload lots of information and documents.
Withdrawal and deposit
The Global Capital withdrawal process is not much encrypted by security software. The company has a limited withdrawal mode of payment. The withdrawal policy is followed by lots of notification and deadlines.
The company withdrawal policy is very slow, and many formalities have to be done by the client to withdraw their amount that is followed by the verification process. The requests made by the clients take within 3 working days. However, bank transfers take 5 or more working days. They also ask for documents like passports or any valid Id.
The firm’s depository features are also not good, most of the time, the website gets stopped, or nothing works. On deposit the money, they also charge a high amount of hidden and service charges unnecessary.
Research and Education
The company doesn’t offer good research modules and materials. In fact, there is no research and educational material, especially available for the trader. They don’t offer ebooks, calendars and articles. They also do not organize webinars. The firm has anything in this column.
Cons of investing in Grand Capital
- It does not allow its clients with hedging facilities, and spread is high, always neutral.
- It is not regulated by the control administration and regulatory body.
- No demo account is available for the beginners.
- They do not provide expert advisors.
- Multiple language options are not available.
- It does not provide a user-friendly interface.
- Trading is only permitted in the country.
- The company has poor customer service available.
- The company also provides unfavourable provision in terms and conditions and insecure high leverages.
- No data analytics tool available.
- No analytical tool is available.
- Clients do not have access to the news and notifications on the market value.
- No Stop- loss order available.
- A trailing stop is unavailable.
- No direct market access.
- Limited order is only available.
Grand Capital: Customer Service
It is considered a very important point before investing in any broker because customer support service is an option traders choose when they are in trouble. The broker’s customer service is pathetic, and the assistance fails to provide clear information and solution to the questions raised by the doubts.
They take a longer duration of time, which is frustrating for a trader. The live chat button does not facilitate relevant responses. The methods for contacting the team are toll-free, live chat, email, which are also not available 24/7.
Grand Capital is not a suitable and versatile financial broker for the traders when it comes to trading. It fails to provide outstanding services to its clients. The company is not regulated by any authorised regulatory body. It offers a wide range of spread on all accounts. Brokers didn’t segregate clients’ funds.
Grand Capital does not enable clients with all modes of payment method. It also does not allow for compatible trading platforms and scalping trading. Its customer care service is also worthless. Broker has a 13-year long history in the financial market, but it lacks to provide technology-driven digital platforms- does not support apple applications, android application and windows application.
Moreover, it doesn’t act as a multi-support online broker. Its services are very poor compared to other brokers. Grand capital does not provide a well-structured trading platform. It is not a renowned and safe trading firm. It offers an unrealistic demo account and doesn’t offer a bonus for replenishment. After considering the services, tools, safety and features offered by Global Capital,
We would recommend you better trading company to name a few such as HFTrading, ROinvesting and TradeATF for a long period, these brokers are not only winning the heart of the clients by providing them friendly user interface, but they are also working day and night to provide every possible detail to its customers and enhancing trading standards, keeping their portfolio profitable.
Frequently asked questions
Is this company registered with an authorised body?
No, this company is not registered under any authorised body. There is no proper information available on its website. The company does not have proper rules and regulation. The trader should shift to a well-authorised trading platform.
Is Grand Capital trading broker safe?
Grand Capital is not a safe trading firm. Traders capital is always at risk. As far as questions about its safety, it is not a safe place to invest your money. The firm does not have authorised registration and licence number.
Are we made available with an expert advisor?
No, the company doesn’t provide expert advisory services.
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