Grand Capital Review
Earning money should not be that difficult. You don’t have to do labor work to earn some extra income in addition to what you are already earning. Investing in various financial markets can be a great way of generating that extra and needed income. However, you have to start your trading journey with the right broker. One of the best online brokers to consider today is Grand Capital.
Grand Capital makes trading simple and gives every opportunity to new traders to be a pro trader by starting safely.
An Overview of Grand Capital
]The first thing you have to be concerned about when looking for an online broker is their experience in the industry. Grand Capital has been around for more than ten years. Since their foundation in 2006, they have been going up in the quality of their service. They have earned several awards since their launch, some of which include the Best Trading Technology in 2016 and Best Affiliate Program in the same year. Today, they offer their traders to invest in CFD contracts, metals, currency pairs, cryptocurrencies while also offering some great bonuses.
The Best Features of Grand Capital
The first thing one must admire about Grand Capital is the variety of account types. It seems like there is an account for every trader type that comes on Grand Capital’s website. The most basic account, namely Micro, lets you start with a small deposit of just $10. Even with the most basic account, you have up to 66 instruments available for you to trade in. They offer a lot of different leverages as well. For a new trader, the leverage can be of 1:500, but an expert trader can take advantage of 1:2000 leverage as well. For cryptocurrencies specifically, you can benefit from 1:3 leverage.
They also have binary options available for trading. In the binary options trading, they claim to give their traders up to 86% of the profit they earn as a result of a trade. They also have educational material and courses available for new traders. They have lots of promotions available for their traders such as the Any Deposit Bonus, Risk Free Trading, etc.
Biggest Benefits of Trading with Grand Capital
The biggest benefit is that Grand Capital is generous enough to offer its traders a lot of bonuses. One of their promotions lets you trade for an entire day without any risks involved. In addition to that, as soon as you sign up, the broker offers you a $500 bonus that you can use within a week to do profitable trades. Based on the account you choose, you can pick your trades from more than 330 pairs of currencies. That’s a huge advantage for you because you can always find a currency pair that you think you know more about.
They also have the copy trading feature that lets you copy the trades of the expert traders on the market to reduce the chances of you losing and increasing your chances of making big profits. Their spreads can be as small as 1pt. They have a lot of video lessons for new traders to learn the trade before they start. The leverage of 1:3 on the cryptocurrencies is more like an industry standard right now, but good news that they are offering this leverage to even the new traders. Another huge benefit of trading with Grand Capital is the technology. You can go for MT4 trading platform or use the web-based platform for your convenience. Their Invest and Binary Options trading applications are available on both, iOS and Android platforms.
They also have the 40% bonus on every deposit promotion. That’s a promotion that you can expect from brokers who mainly target the Asian markets.
Deposit and Withdrawal with Grand Capital
That’s where Grand Capital takes the cake and steals it from many other brokers. One of the best thing about their deposit and withdrawal section is that they have various local transfer agents available in many countries including Malaysia, India, Nigeria, Philippines, etc. These agents cannot charge you anything for the fund transfers as Grand Capital compensates that for you. They even have the longest list of e-payment options available and all of them available without any deposit fees for the traders.
They allow you to use Visa and MasterCard to deposit funds. You can also make deposits through bank transfers. You can use the same options for withdrawing funds from your accounts as well.
There is commission associated with your withdrawals. In most cases, the commission is around 1%. For most withdrawals, you will have to wait for around three business days. For micro accounts, your minimum deposit can be as small as $10
Grand Capital Customer Support
While they are not available to answer your queries 24/7, they do have a lot of departments handling the different types of complaints. For example, they have separate emails and contact details for financial, marketing, analytical, technical, client service, etc. departments. One of the best things about their customer support is that you can schedule a call-back. Provide them with your phone number and they will call you back to resolve your issue. Just like most other brokers today, they have a live chat feature for instant answers to your questions too.
Overall Rating of Grand Capital
Here is how we have rated the various components of their trading platform based on their quality.
- Trading Instruments – 5/5
- Withdrawals/deposits – 5/5
- Customer Support – 5/5
- Mobile Trading – 5/5
- Overall Rating – 5/5
Grand Capital has been around for more than 11 years now and thus it has become a reliable online broker for new and expert traders. It caters to Asian audience mainly and hence has a lot of training material available on the website as well. The one thing you should do before you sign up with them is look into the various account types available. They have a long list of account types so you can pick the one that suits your requirements perfectly. For traders who are not bound by their budgets, they have a VIP account with a personal manager as well.