Grand Capital – broker overview options, cryptocurrency, forex and CFD

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Russian Grand Capital, Latest Forex & CFD Broker to Launch Cryptocurrency Trading

Russian based Grand Capital announced this week that is has begun to offer trading in cryptocurrencies in addition to its

Russian based Grand Capital announced this week that is has begun to offer trading in cryptocurrencies in addition to its existing selection of forex, commodities, and equity index trading products. The broker is part of KROUFR, a Russian self-regulating organization (SRO) for the forex industry. Due to the lack of formal financial regulations for forex trading in Russia KROUFR was created to provide some sort of oversight for the industry.

As opposed to other online brokers who have launched cryptos, Grand Capital is extending their offering beyond just bitcoins (BTC), also adding trading in litecoin (LTC), namecoin (NMC), and peercoin (PPC). Depending on the cryptocurrency denominations are available in euros (EUR), US dollars (USD), Russian Ruble (RUB) and Chinese yuan (CNH)

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The entire list of tradable products are:

Trading is available in the form of a CFD, which tracks the price of the cryptocurrency but doesn’t provide traders ownership of the digital currency. Similar to other brokers that have launched cryptos, leverage is being reduced for these products by 50. As a result, customer allowed to trade with 200:1 leverage, have access to 4:1 leverage for cryptos.

Grand Capital — Forex Broker Rating and Review 2020

Grand Capital Ltd. website
Status
Regulation Financial Commission, Serenity
Trading software MetaTrader 4, MetaTrader 5, Web-trader, Grand Trade mobile app
Headquartered Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles

Grand Capital is an international brokerage firm founded in 2006. The company’s offices operate in 40 countries of the world – in South Asia, Africa, Europe, CIS, India, Latin America. Grand Capital speaks 15 languages and provides access to financial markets to over half a million customers from 188 countries.

Partnership

The broker’s scale of operation is supported and expanded by more than 18 thousand partners all over the world. Grand Capital has created favorable partnership conditions for both active users without initial capital and businesses who want to expand their operation. The broker provides four affiliate program options: web partnership, regional representation, franchise and White Label.

Awards

Every year, Grand Capital confirms its status as a reliable and advanced broker: the company is regularly awarded prestigious awards. Among the most recent awards are: “Best Affiliate Program” from MENA Financial Expo 2020, “Best Trading Technology” from Moscow Financial Expo 2020, “Best Forex Broker in Africa” from Africa Financial Expo 2020, “Best Forex ECN Broker in Africa” from CIO East Africa 2020 and the “Best Investment Service Provider in Africa 2020.”

Regulation

  • Finacom. Grand Capital puts a special emphasis on transparency and trust. The company is regulated by the neutral and independent dispute resolution organization Finacom and has been assigned category A – the highest category of broker’s reliability. The regulator guarantees a compensation fund of up to 20,000 USD per client.
  • Serenity. Since 2020, the funds of Grand Capital clients are protected by the blockchain-based escrow Serenity. In case of a dispute between a broker and a trader, Serenity secures the deposit of any amount on a smart contract until the parties come to an agreement.

Trading platforms

Grand Capital improves trading services and software every year to meet the demands of traders. Currently, the broker’s clients can choose from four trading platforms. However, it’s not an exclusive choice: it’s possible to use several or all platforms at once.

  • GrandTrade mobile app. GrandTrade is a convenient standalone mobile trading platform that does not require the installation of MetaTrader 4 and includes both personal area management and trading process. More than 200 trading instruments are available, including currencies, cryptocurrencies, CFDs on currencies, indices, stocks, metals, energy resources, agricultural products and bonds. One user can open several types of accounts designed for different kinds of trading and easily switch between them without reauthorization. More than 10 payment systems (including cryptocurrencies and Visa/MasterCard bank cards) can be used for deposit/withdrawal directly on the platform. Available for iOS and Android.
  • MetaTrader 4. This trading platform is considered to be the most popular professional trading solution in the world. Its users get access to more than 500 trading instruments: 54 currency pairs, cryptocurrencies, as well as spot metals: gold and silver, CFDs on stocks, indices and futures (major brands of crude materials and energy resources). It’s available for Windows, MacOS, iPhone/iPad, and Android.
  • MetaTrader 5. MetaTrader 5 is the next generation of the popular MetaTrader 4 platform. It is recognized as the perfect terminal by professional traders. The developers have preserved everything that made the previous version so great, while adding new features to meet the demands of modern traders. The platform provides access to more than 450 trading instruments. Available for Windows, iPhone / iPad, Android.
  • WebTrader. WebTrader is an online terminal for in-browser trading. Take advantage of professional analytic tools, indicators and charts. WebTrader’s functionality is similar to MetaTrader 4, but doesn’t require installation. It’s supported by all popular browsers and adapted for mobile.

Trading conditions

Over the past two years, the broker has significantly improved the trading conditions, making them some of the most favourable in the market. Grand Capital offers spreads from 0.4 pips, low swaps, immediate order execution thanks to ECN technology, and high liquidity. Grand Capital also compensates deposit fees of all payment systems and returns the difference to the client’s trading account.

Another recent offering implemented by the company is the floating leverage technology. It allows traders who operate with large volumes to limit risks, avoid uncontrolled account overload and prevent irreparable losses.

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Grand Capital sees its mission in making earning on financial markets accessible to everyone. Minimum amount of deposit on Micro accounts is only 10 USD, and 100 USD on Standard accounts. At the same time, the broker offers a leverage of up to 1: 500. Before making a real deposit, everyone can practice trading on a free demo account with a balance of 10,000 USD that simulates the current market conditions in real time.

Grand Capital has become widely known among traders thanks to the regular contests with monetary prizes. For example, the main prize of a contest on real accounts is 300% of the equity difference, and the winner of a futures trading contest gets a no-deposit bonus of $ 1,000. The results are announced every week.

In addition to contests, the company offers profitable bonuses to reward active traders and provide an opportunity to earn more. Among the company’s most popular offerings is Any Deposit Bonus 40%: profit made from trading the bonus funds can be freely withdrawn. Over time, the bonus becomes the property of the client: 3 USD per 1 traded lot.

Accounts

Thanks to the broker’s support, Grand Capital clients continue to increase their income levels. As noted above, more than 500 instruments are available on MetaTrader 4, more than 450 are available on MetaTrader 5. These include currency pairs, cryptocurrencies, metals, indices, stocks of major corporations, as well as various CFDs (currencies, indices, metals, stocks of the world’s major brands, oil, futures, timber). A trader has six account options to choose from: Standard, Crypto, Micro, SwapFree, ECN Prime, MT5.

Professional traders should pay special attention to ECN account: it is implemented using the innovative technology provided by AMTS Company. ECN Prime provides access to the market of high liquidity and immediate order execution. Orders are executed in accordance with the best market quotes and not depending on any external circumstances.

Copy trading services

  • RAMM platform (Risk Allocation & Money Management) is available at Grand Capital for both beginners making their first steps and experienced traders who want to save time. Today it is the most advanced and user friendly copy trading service. Investors only need to open a RAMM account, choose a strategy provided by an experienced trader, and start earning on par with professionals by copying their trades.
  • LAMM (Lot Allocation Management Module) is a system that allows to copy trades of a selected trader and offers flexible configuration and lower risk of loss. On one side, an investor leaves trading to a trusted specialist, a professional trader. On the other side, the entire deposit remains under the investor’s control: the trader only makes their trades available for copying, but does not act as an account manager. As a result, in practice, LAMM offers a monthly return of up to 500% to investors who may not be highly qualified traders.

Investment Portfolios

Grand Capital offers ready-made investment portfolios that combine the most promising assets for you to invest and watch your profit grow.

Professional analysts select assets for each portfolio based on their reliability and expected profit. Traders get access to over 330 CFD instruments to manage, custom portfolios can be requested to suit your budget or preferences.

Different types of portfolios can be created by industry (stocks, precious metals, commodity and commodity futures, Forex), by country (USA, Europe), as well as by the level of risk and expected profit.

At the moment, CFD margin requirements in Grand Capital are among the most favorable in the market. Thanks to smart distribution of funds, the risks are carefully balanced.

Education

Grand Capital encourages the professional growth of traders and offers on-site and distance education. In some countries, traders have a chance to learn from experts at original training programs, watch analytical and educational webinars, get video lessons and textbooks on trading.

Daily market analysis, economic news and event calendar help clients make smart trading decisions. The company’s support team is always ready to address all technical issues, while the personal managers are there to answer all questions and resolve any problems 24/7.

Grand Capital trading information

WWW https://grandcapital.net/
Address Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles
Headquarters Seychelles
Free phone No
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Mobile trading
Automated trading
Demo account
24 hour trading
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.1
Spread Type variable
Pip spread on majors 0.0001
Maximum Leverage 500
ECN, $ 500
STP, $
Standard account, $ 100
Micro account, $ 10
Popular payment methods Bank cards, online banks, Neteller, Skrill, Yandex.Money, PayPal, WebMoney, RBK.Money, Qiwi, Skrill, Perfect Money, mobile transactions, Western Union, Handybank, PayRetailers, Bitcoin. Local payment systems
Account currencies EUR, USD, JPY, CHF, GBP
Available assets MT4: 500+ instruments: Forex, CFD on shares, metals, indices, Bitcoin, cryptocurrencies. MT5: 450+ instruments
Languages English, Chinese, German, Spanish, Farsi, French, Indonesian, Russian, Polish, Portuguese, Thai, Ukrainian, Vietnamese, Malay
Platforms MetaTrader 4, MetaTrader 5, Web-trader, Grand Trade mobile app
Broker type Broker
Regulation Financial Commission, Serenity
Foundation 2006
Bitcoin Forex Brokers

Grand Capital — Latest Reviews and Comments 2020

I have an account in Grand on MT5 platform. Trading is going with mixed results, but in overall my earnings went in well plus. I like low spreads relatively to the whole market, no hidden commissions, many options for deposit and withdrawal funds (big list of payment systems, including payment in cryptocurrencies). These characteristics contrast with others brokers, so yet I stopped on Grand Capital. Moreover, it has long existence on financial markets, which has its credibility.

Ryan78 9 March, 2020 Reply

I am currently going through a nightmare with this broker. First they promise to give 40% bonus on each deposit and once you deposit money into your account the sing a different song. Secondly when I place orders the temper with my entry prices to ensure no profit to me at all. Recently more than 200 points were added to my entry price when I made a bit stop order and a trade of 100 pips I made less than 20 dollars when I was expecting more than 250 dollars.

Abraham 4 March, 2020 Reply

Well known broker for its long existence on forex market. Never regretted working with them. For those who don’t how deposits bonuses work, if you got one from the company, don’t waste your time and start trading, otherwise you gonna lose it.

YamirKKK1 2 February, 2020 Reply

Copying transactions using a system of RAMM accounts gives a profit of 2-3 times more than on PAMM accounts of any broker, so I had to transfer my deposit to Grand Capital. I don’t trade myself, I don’t use robots, I don’t trust my money to anyone – I just automatically copy the transactions of a professional trader, with a yield of about 25% -35% per month.

Igor 24 September, 2020 Reply

It’s quite simple to get profit when the chart is readable and there are no all kinds of frauds from the broker in the form of requotes and other nastiness. Grand Capital has been working for a long time and put its main efforts into the quality of terminal work, server speed and the ability for ordinary traders to earn money. The deposit weeds out small traders with 10 bucks who pull traffic and stupidly open transactions for the half of the deposit. A reference to serious customers is also captivating. The only thing I don’t like about them is the long wait for the withdrawal of funds compared to other brokers.

Colin 16 August, 2020 Reply

I started my first and unsuccessful trading experience with other brokers. I traded either at zero or at a loss. Now I have found for myself the most reliable and suitable broker in all respects. I have been trading for a year and have no regrets. I get a good profit. But you need to invest wisely. Grand Capital suited me completely, convenient withdrawal of funds. Any newbie will work profitably with him. Initially, you just need to learn a little, invest small amounts. I learned how to trade with this broker. Of course there are risks and a rather big deposit, but this is all justified by the profit.

Jerry 9 August, 2020 Reply

I have been trading in Grand Capital for a long time, then I decided that I already know enough to start working with better-known companies. Moved into one large forex broker, fell for bonuses. Three months was enough to completely drain the deposit and all bonuses. Then I learned that three months is still a long time for that company. Then tied up with trading. Bad experience and all that. And two months ago I received a call from one well-known company, they also promised bonuses. But I refused outright. And then I decided to try to log into my Grand Capital account. When I was withdrawing money, some cents remained on the account. Came in and saw 76 cents. Then I wanted to find out how things are in the company, I began to read about Grand Capital reviews. Broker still worked openly and honestly, and works now. In this regard, nothing has changed. Then I realized that the sense will be only when I work with them. I replenished my account the next day. In the company during this time, nothing has changed globally. The site was slightly refined and analysts have become more than before. But trading with them is same comfortable, as before.

Very nice and easy to use trading terminal and great customer service! As a person with just secondary education, I have not experienced difficulties in studying the functionality of the terminal. It could have been worse of course, if not for the help of the staff. Service of course just pefect! I am pleased to. Although I work here not for long, but for now I can only be happy, because it was hard for me to expect that something would come out of my idea to trade. And I already trade in full. But honestly, I wanted to open a smaller deposit at first, but the manager suggested opening larger depo from the beginnang, so as not to waste time and open more deals, I agreed and don’t regret.

Castor 20 June, 2020 Reply

Conditions are not very different from other brokers, although it is noticeable that Grand Capital tries to pay attention to conditions, writes about low spreads, its indicators, and so on. There are really good features, such as extended timeframes, but for example, the site says that they do not charge commissions for withdrawal and vice versa, well, and so many brokers do that. As to me, I’m satisfied with their conditions.

Bailey 5 June, 2020 Reply

I’m new to forex. But not one of those who wants to buy gold on Sunday and in a panic writes that the schedule is not moving, but an adequate beginner. I study, I study as many sources as possible, but there are a lot of questions that do not matter. This is not just what I write now, it all has to do with the broker, including using the Grand Capital site for training, you can find a lot there, and you can see the progress. I appreciate it, really, thanks to those who made the learning materials. But I have a lot of questions in the course of trading and learning and I can’t ask the broker all of them, otherwise I’ll have to be in touch with the support 24/7. They have great lessons on the site, but these are just lessons about forex, and I would like to see the answers to the questions about trading in Grand Capital, you see. Little things that relate to this company and which are nowhere to be found. For example if liquidity providers for two different customers are not the same, quotes should be the same or they will be different? Or an explanation of how to use additional frames and why. Bottom line: there is a lot of good, but it can be even better!

Best Crypto Trading Forex Brokers for 2020

Below you will find a list of Forex Brokers that offer cryptocurrency trading instruments (e.g. BTCUSD, ETHUSD, LTCUSD) and allow account funding with major crypto coins. In most cases, these are Bitcoin, Etherium and LiteCoin, although certain companies provide more options. Blockchain technologies made crypto transactions very simple and highly anonymous. Hence, some Forex Brokers don’t even require to undergo an account verification process before you can deposit or withdraw some funds in the form of cryptocurrency.

Who are crypto forex brokers? These are forex brokers that also list cryptocurrency assets on their platforms, usually in combination with fiat currencies to form a crypto-fiat pairing. Examples of crypto-fiat pairs include BTCUSD, DASHUSD, ETHUSD and LTCUSD. These cryptocurrency assets are CFD instruments and do not warrant owning the actual cryptocurrencies in itself.

What crypto assets are offered by crypto forex brokers?

Assets that are offered by crypto forex brokers include various pairings between cryptocurrencies and fiat currencies. Popular cryptos used in these pairings are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). However, other cryptos such as DASH, Ripple, NEO and Stellar Lumens have emerged as crypto assets that are making their way onto platforms featured by crypto forex brokers. Fiat currencies which are used as the counter asset in these pairings are US Dollar (most popular), Euro and British Pound. So you get to find pairings such as BTC/USD, ETH/USD, LTC/USD, DASH/USD, BTC/EUR, etc. The exact combinations will differ from broker to broker. These crypto assets are usually listed on popular platforms such as the MT4, where they can be traded just like any other currency pair of CFD asset. You can use market or pending orders to setup trades, or trade with the regular lot sizes featured on the platforms to setup your trades.

Account opening with crypto forex brokers

Opening an account with a crypto forex broker is quite simple, and follows the regular process of account opening, which involves filling an online form. Account verification is also easier, especially if you are going to use a crypto-only account, or if you will use cryptos for deposits and withdrawals. This is because cryptocurrency transactions are basically anonymous and do not require verification of the identities of the individuals involved in the transaction. So if you opt for a crypto transaction method for deposits and withdrawals, your account will most likely be opened for trading without verification.

Depositing/withdrawing funds on crypto forex broker platforms

Some crypto forex brokers require that you open a dedicated account that can be used to trade cryptocurrency assets, while others allow you to use the same regular trading accounts used to forex and CFDs. In the last few years, some crypto forex brokers have opened up new payment channels that allow their clients to deposit and withdraw their holdings in cryptocurrencies. Bitcoin and Ethereum are the popular cryptocurrencies used for such deposits and withdrawals. To be able to use these cryptos for deposit and withdrawal transactions, there is a need to get a wallet to be able to hold your assets. These wallets are usually provided by the crypto forex broker. Making a deposit in cryptocurrencies will require you to obtain BTC or ETH from a third party source exchange, store this in an external wallet, and transfer what you want to trade with to your wallet on the crypto forex broker platform. Withdrawals will also follow the same route. The advantage here is that the cryptos used in conducting your deposit transactions are held in a cold wallet and are not accessible to hackers, unlike the ones held in exchanges which are hot wallets and are vulnerable to theft by hackers. Brokers like SimpleFX typify an emerging trend where crypto forex brokers are increasingly dispensing with fiat deposit methods and replacing these with more crypto-based methods. Presently, SimpleFX allows users to deposit and withdraw funds in cryptos such as Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin. It also offers e-wallets such as FasaPay, Skrill and Neteller. You really would not even find the bank wire or card options here.

For other brokers, you will also be able to use conventional means of payment to transact on your account. This includes the use of bank wires, credit/debit cards and e-wallets such as Skrill, Neteller and WebMoney.

More consistently, you will find that some of the crypto forex brokers in our list offer both fiat and cryptocurrency deposit and withdrawal methods. ThinkMarkets is an example of this hybrid transaction model, as it offers the fiat methods just mentioned as well as the Bitcoin method using the BitPay wallet.

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Trading cryptocurrencies on forex broker platforms in Europe and the UK has become very expensive, no thanks to the 1:2 leverage cap imposed by the European Securities and Markets Authority (ESMA). Ordinarily, spreads on some cryptocurrency assets such as BTC/USD are quite high, and margin requirements as well as the inherent volatility of some of these assets may overwhelm most traders’ financial capacity. In compiling our list of the best crypto forex brokers, one of the criteria used for selection was to seek for platforms that had friendlier leverage provisions. The leverage provided by many of the brokers on our list for trading cryptocurrency assets ranges from 1:2 to 1:100. In terms of cost implications to the trader, what does this mean?

Trading LTC/USD with a leverage of 1:2 means that setting up a $100,000 position on this asset will require a margin of $50,000. But on a crypto forex broker platform like that of PrimeXBT (one of the brokers found on our list), the leverage provided for trading this asset is 1:100. This means that you can trade a Standard Lot with a margin of $1000. Look at the difference in the two positions: $50,000 margin (UK/EU broker) as opposed to $1,000 margin (our broker). It goes without saying that this represents significant cost savings and using our brokers will make crypto trading on a forex platform cheaper.

– Security of Transactions

For those who opt to use the crypto-based funding and withdrawal methods, a key advantage of using crypto forex brokers is the safety of transactions. Rather than expose your crypto holdings in exchange-based hot wallets, you can use the same holdings in secure cold wallets to fund your account and trade the same assets as CFDs. This represents a far more secure way to trade and enables the trader to have immense peace of mind. It should also be mentioned that most crypto forex brokers mentioned here are regulated, and so there is accountability in how business is conducted on those platforms. Using exchanges which are unregulated always carries risks, as users of Cryptopia and QuadrigaCX have found out the very hard way.

Cryptos tend to have higher spreads than any other assets on these crypto forex platforms. For instance, the spread on LTC/USD on SimpleFX is 14,800 points, or $148 for a Standard Lot position. But comparatively speaking, the spreads on crypto assets with our crypto forex brokers are lower than what you will get on other platforms. Spreads are the trader’s cost, and for assets that carry wider spreads, this cost simply needs to be kept as low as possible. By offering traders lower spreads, the savings that will be realized over time will prove beneficial for the trader.

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