GrandCapital has continued to soar in popularity as a dependable online CFD, binary options and Forex broker throughout its 10 years of existence having been established in 2006. Grand Capital Ltd – a holding company incorporated in Mahe, Seychelles – are the owners behind this trading platform. The platform is a member of both the CRFIN and FinaCom and is licensed by the Seychelles International Business Authority (SIBA). As a testament to the high quality services that it offers, the broker has gone on to win numerous awards over the years most notably the “Best Standard Forex Broker.” Traders have up to 5 account options to choose from including Crypto, Standard, Options, Swap Free, ECN Prime and Micro. All these give investors an opportunity to trade micro tradable lots as well as an access to the worldwide-renowned MetaTrader4 platform. Furthermore, deposits are from $100 and there’s is 200% welcome bonus to look forward to. Moreover, individuals who want to begin their trading journey will love the GrandCapital demo account. As such, this type of account enables traders to learn about everything offered by this broker all for free. Let’s continue this GrandCapital review by discussing whether or not this trading platform is a scam.
Is GrandCapital A Scam? Is GrandCapital Regulated?
As mentioned earlier, GrandCapital is regulated the Seychelles International Business Authority (SIBA). However, the fact that they are no licensed or regulated by European-leading regulatory institutions like the the Cyprus Securities Exchange Commission or even the UK Financial Conduct Authority may plant seeds of doubt in traders’ minds. On our end, we can assure CFD brokers that this is a safe, trusted and reliable broker owing to multiple reasons. First and foremost, the broker is part and parcel of the “Center for Regulation in OTC Financial Instruments and Technologies” (CRFIN) and Financial Commission (FinaCom). These two bodies help in regulation with regard to the activities of its members hence the broker is bound to carry out its operations within internationally accepted standards. Secondly, the online broker has shown its ability to give reliable services by providing a trading platform that is preferred by many across the world. The MetaTrader 4 platform is robust and reliable making it the ideal online trading platform. To cap off this GrandCapital scam check, the broker has set up offices in different parts of the globe so as to provide better support to their customers at a local level.
Alternatives To GrandCapital
GrandCapital is a legit online broker, which offers reasonable and favourable conditions for trading in binary options and CFDs. However, it would do no harm to try out other reputable brokers out there. For instance, based on our 24Option review, traders have the latest technology and most profitable platform in the industry. 24Option is already one of the most established binary options trading platform and is set to dominate for years to come. Another great example that we would recommend to traders is Plus500. This is an Israel-based CFD broker already listed on the London Stock Exchange which adheres to the highest trading standards.