Our Review of Grand Capital
Grand Capital 2-3 .Review, Platform Overview
Grand Capital is an established Russian-based binary options broker, and they have a number of accounts on offer, including an account suitable for investors of the Islamic faith. Grand Capital offer a number of promotions for new account holders; as well as binary options, they also offer more in-depth investment vehicles for more experienced investors.
Type of Account Available; Account Opening
Accounts are simple to register by filling in the online form. The account will become live once traders make the initial funding. There are five types of account: the Standard account requires $100 funding and gives access to six currencies and four metals; the Options account allows simple binary trading with returns of up to 86 per cent; the ECN account allows advanced traders to scalp and spread-trade with an initial funding of $1000; the Micro account allows currency trades to be made with a deposit of as little as $10, and the Swap-Free account allows trading along the rules of Islamic finance.
Promotions and Available Bonuses
Any funding will attract a 40 per cent bonus regardless of the amount. Holders of Options accounts also benefit from one day of risk-free trading per month: during any calendar month, a single day's losses will be annulled.
Fees and Commission
There is very little information available on the fee and commission structure of this platform; the return of 85 per cent suggests fees are part of the payment structure. However, some commission is chargeable on funding via transfers through certain banks.
Platform and Available Apps
Users can trade on Grand Capital after having downloaded Meta Trader 4, a much-used trading platform that comes with a large suite of trading instruments. This platform is available for PC, iPad, Android and iPhone.
Ease of Deposit and Withdrawal
Grand Capital accept funding and withdrawal from many sources such as Western Union, OrangePay and Skrill. They also accept VISA and MasterCard. There have been some complaints concerning the broker blocking withdrawals.
Site Safety, Regulation and Compliance
Grand Capital are regulated by FinaCom but not by CySEC. There is some doubt over the honesty of this broker; traders have had difficulty withdrawing funds. While the bonuses may seem generous, there is scant information on how and when they can be withdrawn. This should give potential traders pause; while there is no empirical proof that Grand Capital is a scam, many disreputable binary options brokers use generous bonuses to attract deposits that are not returned. The lack of transparency surrounding this broker should invite the strongest caution.