Grand Capital is one of the most experienced brokers you can currently find on the market, since this company was launched way back in 2006. Originating from the Russian city of Saint Petersburg, this broker is one of the most dominant forces on the global financial market, with offices all around Europe and Asia. Don’t worry if you’re from the USA, though, because you can trade with this broker, too. As a matter of fact, you will have access to some special features, but we will talk about that in the next part of this Grand Capital review. Although this company started out as a forex broker, recently they have turned their attention to the binary options market, so naturally we became very intrigued. The result of that curiosity is this Grand Capital review which will be quite extensive, something that was to be expected given the size and importance of this broker. Keep reading and see for yourself why this company is so respected in the global trading community.
One interesting thing worth mentioning in this Grand Capital review is the fact that this broker has different offers for US traders and EU traders. You see, if you come from the United States, you will have the option of closing trades early in order to preserve your profit when your option is in the money. However, if you decide to do this, you will not be able to collect the full amount – your profit will be diminished depending on how much time was left between the moment you decided to close your trade and the time when your trade was supposed to expire. The earlier you decide to withdraw your money, the lower will your profit be and there will be a small commission to pay for this move. This gives you a lot of flexibility and business possibilities, so you can plan your every move to great detail and control your profits at all times. To know exactly how much you stand to receive at any point in time, consult the broker’s website and find the equation depicting the whole process. That way you can have complete control of your investment.
Europeans don’t have the possibility to close their trade early, but what they do have is higher payout rates. This evens the playing field and allows traders from Europe to match the profits of their U.S. counterparts. If you’re from Europe, you don’t have to worry about any commissions and the amount of time left before your option expires – just think everything through and place your investment.
Another thing worth mentioning in this Grand Capital review is the so called LAMM service this broker provides. With it, you can link up your account with a professional trader (sometimes also called a Manager) and copy his/her trades. This is a great way to learn all you need to know about the market and improve the success rate of your investments. Don’t worry, you will always have complete control over your account and if you happen to disagree with a Manager’s choices, you can simply cancel the trade. The Managers are also carefully ranked and divided into different categories in order to ease your search for the right mentor, but keep in mind that you can only connect your account to a Manager from the same region (Europe or the U.S.). This service has been available for quite a while to traders who trade forex with this broker, so you don’t need to worry about its implementation. Everything is very well fleshed out and functions as it’s supposed to for the binary options, as well. A very helpful tool, if you ask us.
Grand Capital forex brokers offer its clients three different types of trading accounts. They have been tailor-made to meet the varied and unique needs of individual investors. However, all the account types do have one thing in common: they all give the traders the option for using low-risk lots.
- Standard Trading Account
What makes the standard account the best pick? One is the fact that it offers you a variety of instruments to trade with. That is, futures, metals, currencies, and CFD-contracts. The other benefits that come with a standard trading account are bonuses and promotions on deposits made, spreads that range from 1 pip, assured reliability as the account is secured with two-factor authentication and the opportunity to trade on popular trading platforms like MetaTrader4 and WebTrader.
- Crypto Trading Account
What does crypto Grand Capital trading account bring to the table? Well, what it gives the traders is accessibility to markets characterized by high liquidity. By using this account, you should expect immediate order execution. Also, it allows you to trade using 18 cryptocurrency pairs with a minimum deposit of $1000. The trading terms of crypto account are highly profitable. Trading is also diversified and allows deposits in any currency. Open a crypto trading account and even get to enjoy the assistance of a personal manager.
- ECN Prime
What is the deal with an ECN Prime trading account? Well, its primary advantage is that order execution is not subject to any external factors. Instead, it is done in accordance with the best market quotes. The account also allows the traders to trade in markets with high liquidity. The traders are also allowed to trade with 38 cryptocurrency pairs. The trader has also protected from risks in the market thanks to AMTS technology adopted by this account type.
- DEMO ACCOUNT
We continue our Grand Capital review with another way to learn about binary options trading which is by using a Grand Capital demo account. This special kind of account allows traders to test everything this fine broker has to offer, but without any risk of losing their money. You get to make some trades with virtual money which is automatically awarded to you when you open this account, so you will be able to see exactly how the market behaves in various conditions. This makes it especially useful for less experienced traders who still need to develop their skill to identify a good deal and who need to be able to recognize the right time to invest. More experienced brokers can use this feature to test out new strategies and approaches to the market, so it’s safe to say that this feature can offer something to just about any trader.
Given the fact that this broker uses Meta Trader 4 to power its trading platform, some practice certainly seems to be in order if you have absolutely no previous trading experience or were a client of some other brokerage which uses some other trading software. WebTrader, an online trading platform installed directly to your browser, is also a possibility with Grand Capital and another reason to open a demo account. It supports most of the modern web-browsers, so you shouldn’t have any problems using it. Meta Trader 4 and WebTrader are fully compatible with each other which means you can conduct your trades in either of them and all data will be saved and accessible through the other platform. Both of these pieces of software offer numerous possibilities, from your account information to a detailed technical analysis, which is an additional reason to approach them through a demo account – you will need time to master all these features.
Grand Capital withdrawal is certainly worth mentioning here because all traders want to know what their options are when they need to access their funds, so the logical thing to do is to include it in our Grand Capital review. First of all, there are two main groups of methods for you to choose from – electronic payments and bank wire transfers. If you’re a more casual trader, we recommend using electronic payment methods because they have percentage-based commissions which do not exceed 2% and are often lower than 1% of the amount you withdraw, depending on your service provider. These methods are also processed faster (up to 3 days) and some of them offer more currencies than the bank wire methods do.
In any case, there are nine electronic payment systems for you to choose from, with some very famous names like Neteller, Skrill and Webmoney thrown into the mix. If you’re a more serious trader aiming to withdraw larger amounts, bank wire transfers would perhaps be the better option for you, since most of them have fixed commissions. You get to choose between four different currencies here (EUR, CHY, USD and RUB) and only if you withdraw in rubles will the commission be percentage-based (3%). For other currencies the commission is set at 50 EUR, so when you know how much you want to withdraw, calculate the percentages and then compare the methods to see which one suits you best. All of your requests will take from 3 to 5 days to get processed and after that the funds will appear in your bank account.
One of the most important reasons why this broker has become so popular is the Grand Capital minimum deposit. Financial requirements set by this company are among the lowest ones in the industry and they allow literally everyone to experience the thrills of binary options trading. Methods for making the minimum deposit are even more numerous than those for making a withdrawal because here you also have the option of depositing money via money orders (Western Union, MoneyGram and Handybank). In addition, there are more electronic payment methods available and you can also choose between Maestro, MasterCard, Visa and Visa Electron credit card brands. It will only take 15 minutes to process your electronic deposits and a day to process a deposit made by money orders, while the processing of bank wire transfers still takes from 3 to 5 days.
The thing that has to be mentioned here which proves this broker’s dedication to its clients is the fact that Grand Capital will compensate all fees charged to you by electronic payment systems and credit card companies, provided that your deposit is higher than $300. They will do the same if you deposit your money through Handy Bank money orders, but this offer does not include other two companies that provide this particular service nor does it include any of the bank wire transfers.
Commission and bonuses
The site has very attractive bonuses, with the best one being the no-deposit bonus ($500). This is available even to micro account holders that deposit as little as $10. You can also get the bonus during 7-day trades, and this means the advantage of your account cannot go beyond 1:100.
You can only withdraw the bonus after doing a certain number of trades on your real account. The standard is that for each $5 you make in profit, you must trade one lot (or 100 lots on a micro account).An additional benefit is the extra bonus that goes to each deposit, which amounts to 40%.
Grand Capital currently offers an amazing selection of account types. Six – yes, six different account types are offered, which is one of the largest selections we’ve ever seen before. For sake of simplicity, we listed all of the available account types below, along with some of the most interesting differences:
Standard: Widest range of trading instruments. Best choice for Forex trading.
- Minimum Deposit: $100
- Available Instruments: 330
- Commission: FOREX: $0/CFD: $15/CFD STOCK USA: 0.1%
Crypto: Offers 18 cryptocurrency pairs.
- Minimum Deposit: $100
- Available Instruments: 18
- Commission: 1.6%
ECN Prime: For experienced traders. Perfect for scalping and trading on news and using robots.
- Minimum Deposit: $500
- Available Instruments: 38
- Commission: $5
Micro: Great for beginners.
- Minimum Deposit: $10
- Available Instruments: 66
- Commission: $0
MT5: Small spreads and excellent execution.
- Minimum Deposit: $100
- Available Instruments: >300
- Commission: $5
Swap Free: Designed exclusively for traders of Islamic faith.
- Minimum Deposit: $100
- Available Instruments: 330
- Commission: CFD: $15/CFD STOCK USA: 0.1%
So, to sum it up, all of the accounts have small deposit minimums; except for the ECN prime account, which has a requirement of $500.
MetaTrader 4 does not need further representation. This award-winning platform has 330 tradable instruments, right spreads (starting from 1 pip) and automated trading capabilities powered by the use of EAs. Moreover, Grand Capital Forex broker platform has special apps for mobile devices. Therefore, iOS or Android users can enjoy trading their favourite instruments on the move.
The second platform at Grand Capital is the WebTrader. You can easily access the platform using the browser, as no software is required to download. What is particularly good with this web-based platform is the availability of two separate modes of the platform: Forex and Binary Options trading. The platform has a comprehensive library of tools dedicated to technical analysis and also great charts developed by TradeView.
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