Grand Capital Broker Review – Scam or Legit Platform? We Noticed Some Complaints!

Meta Trader 5 is arguably one of the most preferred and celebrated online trading platforms and a huge number of brokers are relying on this impressive solution. Grand Capital is one of these brokers who facilitate their clients with highly impressive MT5…

Grand Capital Broker Website Screenshot

The reason why most of the traders prefer MT4 is that this platform doesn’t push you into the installation of plug-ins. Our followers are really keen to know more about Grand Capital and its services. The platform serves you with 330 trading instrument and we have realized that it is more focused on currencies. The expiry times range from one minute to 48 hours.

Are you a fan of Binary Options trading and looking for a much transparent and reliable platform? How reliable are Grand Capital scam complaints? Where does this platform operate from? And is it regulated? Our today’s review will respond to all of these important questions.

Grand Capital Review Summary

Cost: $250+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: Grand Capital has claimed for some time that it will becoming licensed as a regulated broker but to date this has never happened & therefore there is simply no way we could ever recommend trading with an unlicensed broker – especially not one that has received several complaints about withdrawal problems. If you have lost money to Grand Capital then continue reading to see what you can do to get it back.

Quick Navigation

To make things easier for you we’ve put together some links below which you can use to quickly navigate through all of the different sections of our in-depth Grand Capital review:

 

Grand Capital Background

Grand Capital Ltd. owns and operates Grand Capital. The website contains the following information about the company:

  • Address 1. Suite 305, Griffith Corporate Centre, p.O.Box 1510, Beachmont Kingstown, St. Vincent, and the Grenadines.
  • Address 2. Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles.
  • Phone. +7 812 389 66 79

The platform offers CFD and Forex trading as well. In addition, you can trade cryptocurrency. Capital Trade offers 18 crypto-pairs and a total of 38 currency pairs. You can open an account by depositing just 10$. The website advertises that there is no deposit commission.

Before 2016, you required $50 as the minimum deposit but the revised policy now favors the traders. Overall, this is a good platform with above average trading features.

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Is Grand Capital Regulated?

Grand Capital is NOT regulated by a governmental regulatory authority. Like many other brokers, Grand Capital has also sought refuge under the cover of an unusual regulation known as the FinaCom membership. Though, Stanislav Vaeev (CEO, Grand Capital) once mentioned in one of his interviews that the CySEC regulation was on the way. But each passing day gives rise to the doubts.

Though, the features offered by this platform are above average, we’ll love to see Grand Capital acquire a more reliable license.

Grand Capital became the member of the International Financial Commission in 2016. In 2018, the broker was included to the Category A (the highest reliability level). The International Financial Commission is not regulated. It is basically a dispute resolution service that hires the services of the industry professionals to form a committee and resolve the disputes. Remember, the International Financial Commission only compensates for Forex Trading disputes.

Grand Capital Complaints

There are a few things we don’t really expect from a seemingly impressive trading platform. Grand Capital takes advertising beyond the realistic limits. It promotes Binary Options trading as a low risk – high return activity but the reality is that it takes a lot of experience and wisdom to generate consistent profit.

We don’t like to see the likes of Grand Capital opting for private regulatory authorities and non-governmental entities for licensing and membership. It damages the level of transparency we have been looking for.

There are a few bad reviews about Grand Capital but upon investigation, we’ve reached the conclusion that these reviews are fairly biased. We have evidence to prove that this broker making life hard for its clients.

Grand Capital Withdrawal

Grand Capital facilitates withdrawals via Wire Transfer, Credit/Debit Card, and e-Wallets (Skrill, Perfect Money, WebMoney, Neteller, and many more).

The processing of the withdrawal via wire transfer requires from 3 business days to 5 business days. Of course, the withdrawal via Credit/Debit and virtual cards require no more than 15 minutes.

Is Grand Capital a Scam?

We don’t believe in Grand Capital scam complaints. Yes, there are a number of factors that push the platform into the shady region. Grand Capital Ltd. was introduced in 2006 and it began its activities from Russia. The company is not a scam because we haven’t found anything significant to second the rumors against the company.

We don’t really appreciate the membership of the International Financial Commission. This is not a regulatory authority and on top of that, it only resolves the issues related to Forex Trading.

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Our Verdict on Grand Capital

Thumbs Down

We DO NOT recommend Grand Capital even though the website is doing exceptionally great, and the company has a good reputation. We still don’t think that trading with such platforms is safe. The thing is that it is the duty of the online financial service provider to become more and more transparent. The CEO of Grand Capital once claimed in an interview that the CySEC license was on its way but even after a long time, the claim still remains a dream.

Scammed By Grand Capital? Reclaim Your Funds

Since publishing this Grand Capital review we have come across numerous reports online from people claiming to have been scammed by Grand Capital which is pretty alarming… However at the same time given that the broker was never officially licensed whilst alarming this is not entirely surprising to us.

But anyway, if you yourself have been scammed by Grand Capital then what can you do? Well the good news is that here at Stopping Scammers we have put together a free money reclaim guide which walks you through the exact steps of getting your money back from a binary options scam.

We launched the guide in 2018 & to date it has helped thousands of people to successfully reclaim their funds from scam brokers and therefore if you have also lost money to a scam broker whether that be Grand Capital or another one then we know it can help you too.

As mentioned above the guide is entirely free & you can get access to it right now by clicking here.

A Much Better Way To Make Real Money

Here at Stopping Scammers the truth is that we’re not really big fans of online trading & we generally tend to recommend against it because we know there are so many better (and less risky) ways to make good money online.

It’s true that we’ve come across & exposed many scams here on this blog but in the process we’ve also come across many legitimate places that you can make good money with as well.

One of those places though has stood out from all of the rest & as a result we’ve given it the name of our number 1 recommendation for working from home. It’s helped thousands (if not tens of thousands) to build highly profitable online businesses & you can get access to it for free using the link below:

About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

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