GrandCapital Review – Facts About This Fraudulent Broker

Overview of scam broker GrandCapital

GrandCapital review will tell you everything you need to know about this classic offshore fraud. They claim to be a regulated broker with several international awards and many clients. Instead, they are located offshore, they are unlicensed, and their only “achievements” are negative reviews and several warnings from regulatory bodies.

With them, you can find low initial deposits, high leverage, MT trading platforms, and more when scrolling through their website. But that’s only a deception. If you take a closer look and do some research, their facade will fall apart.

Leverage 1:500
Regulation Unregulated
Headquarters Saint Vincent and Grenadines, Seychelles
Minimum Deposit $10
Review Rating 1/5
Platforms MetaTrader4, MetaTrader5, WebTrader, and mobile apps
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Regulation and Safety of Funds at GrandCapital

First of all, GrandCapital group was behind the (no longer licensed) Estonian crypto payment processor SerenityPay aka Serenity Financial. We discovered the latter to be a scam facilitator. Not such a promising start.

At the footer of this broker’s website, you will find that the GrandCapital Forex brand is owned by Grand Capital Ltd, registered in Seychelles, and GrandCapital Ltd, registered in Saint Vincent and the Grenadines. 

Saint Vincent and Grenadines have a local financial regulator called SVGFSA. This authority does not regulate forex brokers and does not impose any sort of laws in the sphere of forex trading. That’s why you should be extra careful when doing business with companies that offer financial services and are located in SVG.

Seychelles has the Financial Services Authority in charge of registering Forex and binary options trading providers. Upon searching through their databases, we didn’t find the name of Grand Capital Ltd or the registration number 036046.

According to the website, GrandCapital is regulated by FinaCom, an independent body registered in Hong Kong. However, this regulation only covers the entity of Seychelles operating the domain There is no entity under that domain, which means that their regulation is fictional.

All in all, the broker GrandCapital provides trading services to residents of the EEA zone and the UK without complying with ESMA or the FCA regimes.


The Spanish regulator CNMV already issued a warning against the GrandCapital group in July 2019, after which the French AMF, the Italian Consob, the Portuguese CMVM, and the Belgian FSMA followed.

When a broker is blacklisted by that many regulators it’s clear we are dealing with a scam. There is no chance they are legit.

Also, the leverage goes up to 1:500 for CFD trading, while the limit in the EEA zone and the UK is 1:30. This is another signal that they are unregulated.

Trading Platform GrandCapital Overview

Trading Platform GrandCapital Overview

GrandCapital offers MetaTrader4, MetaTrader5, WebTrader, and mobile apps. MT 4 and MT 5 are industry standards, and both platforms have a wide range of trading features, support advanced trading strategies, and are fully customizable. Investors can enjoy many technical indicators, social trading, and EAs.

MetaQuotes states the older software is a product of its time and is too limited with its 32-bit architecture. On the contrary, MT5 has a modern, 64-bit architecture. This has allowed its developers to introduce an increased number of features – there are over twice as many timeframes as the older platform. 

MetaTrader 5 is the dominant PC trading platform nowadays. This is for many reasons – the platform packs many cutting-edge features and is at the forefront of innovation efforts. However, it has the advantage of being incredibly easy to use as well, with a client-friendly and comprehensive interface.

Besides MT4 and MT5 mobile apps, GrandCapital offers a proprietary WebTrader, and mobile app as well. The mobile app is available only for Android devices, so iOS users will have to be satisfied with the MetaTrader.

GrandCapital Account Types Available

There are five standard GrandCapital account types and an Islamic version.

  • Standard – $100
  • MT5 – $100
  • Micro – $10
  • ECN Prime – $500
  • Crypto – $100
  • Swap-free – $100

GrandCapital also offers three different demo accounts each with $10,000 in virtual funds. 

GrandCapital Offers Bonuses and Promotions

GrandCapital Offers Bonuses and Promotions

There are several GrandCapital bonuses, including a 40% deposit bonus and golden status payback promotion. 

If an account receives a deposit bonus, its leverage cannot exceed 1:100. The maximum bonus amount is limited to $20,000. However, clients cannot request a withdrawal before reaching a trading volume of 1 lot ($100,000) for every $10 they receive.

As you can tell, this is a hook for inexperienced traders to bind them by the policies and prevent any withdrawals.

Trading Instrument at GrandCapital 

GrandCapital’s customers can trade in the following markets:

  • Forex 
  • Commodities
  • Indices 
  • Shares 
  • Cryptocurrencies 

These are all major markets. However, that doesn’t change the fact that we are dealing with an unregulated broker that got blacklisted by 5 regulators.

Deposits and Withdrawals at GrandCapital

At GrandCapial you can deposit your money with:

  • Bank cards
  • Bank transfers (Bank Windhoek, Paylivre Bank, etc.)
  • Electronic payment systems (PayTrust, Perfect Money, Help2Pay, etc.)
  • Cryptocurrencies (Bitcoin, Ethereum, Tether)
  • Local transfer agents (ForexRebateChanger, Indian Exchanger, Sentraegold)

You can use bank transfers, electronic payment systems, cryptocurrencies, and local transfer agents to withdraw your money. The minimum deposit at this company is $10, which is about what legitimate brokers charge. 

If GrandCapital Defrauded Me, How Can I Get a Refund?

If you deposit the money using credit and debit cards you can use chargeback. It is a reversal of a credit/debit card transaction. The request needs to be submitted within up to 540 days.      

However, if you use cryptocurrencies as your payment method, it’s much harder to get your money back. This is an untraceable and irreversible method.

GrandCapital Summary

  • GrandCapital is an enterprise blacklisted by 5 European regulators – CNMV, AMF, CONSOB, CMVM, and FMSA.
  • This broker is registered in Saint Vincent and Grenadines, and in Seychelles – offshore countries with loose to no regulatory supervision
  • The leverage goes up to 1:500 for CFD trading, while the limit in the EEA zone and the UK is 1:30.
  • They offer MetaTrader4, MetaTrader5, WebTrader, and mobile apps.
  • The minimum deposit is $10, which is a decent offer.

FAQs About GrandCapital Broker

Is GrandCapital Legitimate Broker?

This is a broker that got blacklisted by several top-tier regulators, and it’s based in offshore countries. It’s not legitimate.

Does GrandCapital Offer A Demo Account?

GrandCapital offers 3 types of demo accounts, each with $10,000 in virtual funds. Con artists use demo accounts as bait.

What Are The Funding Methods For GrandCapital?

At GrandCapial you can deposit your money with bank cards, wire transfers, electronic payment systems, cryptocurrencies, and local transfer agents.


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Nov 17, 2022
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