Grand Capital review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of Grand Capital, scored 3 out of 10 across regulation, fees, platform, support and reviews. Our previous review of this broker scored 5.2 out of 10; this one scores lower because the regulation checks changed the picture. The firm’s own regulations page claims a Mwali International Services Authority brokerage licence, but the Mwali register itself lists that same entity, under licence BFX2024213, on its LIQUIDATED list, issued 26/11/2024. The NFA BASIC register shows Grand Capital Ltd under NFA ID 0540363 with membership status “Not an NFA Member” and no current CFTC registration category. The Financial Commission‘s own member check table marks Grand Capital as “NOT PROTECTED”, not a member, on the same body the firm’s legal page cites as if it were current membership. None of those three checks support a current claim to be regulated where the firm says it is regulated, which is why regulation scores 1.5 out of 10 here.

What Grand Capital Ltd says about itself

The firm’s own legal page names the operating entity as Grand Capital Ltd, registered number HT01124138, registered at Office F2-2A, Second Floor, Oceanic House, Providence Estate, Mahé, Seychelles, and located at Office C4-R5, Xvision House, Providence Estate, Mahé, Seychelles. The site footer describes Grand Capital Limited as “an International Business Company registered in the Seychelles and duly licensed in Comoros. It provides international electronic money brokerage services through access to the MetaQuotes platform.” We searched the Seychelles Business and Company Search register directly; it returned 74 results for “Grand” but none matching “Grand Capital Ltd”, so we could not confirm the Seychelles registration from that register, and absence is not established either way. Separately, our earlier review gives the registered country as Saint Vincent and the Grenadines, which conflicts with what the firm’s own pages state; we report both because the sources disagree, not because we can resolve which is correct.

The warning list check on Grand Capital

We searched 1441 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Grand Capital appears on none of them. We ran a positive control on all four registers we searched, including this warning-list source, against a firm known to be listed, so an empty result here means absence rather than a broken search. That result covers only the lists we mirror, not every regulator worldwide, so it should not be read as a clean bill of health beyond those three sources.

Fees and account structure at Grand Capital

Fees score 9 out of 10 here. The firm’s own root page advertises an affiliate commission of “up to 50% of the company’s profit or up to 25 USD per lot, the choice is yours.” The earlier review’s account comparison table lists a Standard Account at $100 minimum with 1:500 leverage and no commission on MT4, a Micro Account at $10 minimum with 1:500 leverage and no commission, an MT5 Account at $100 minimum with 1:100 leverage and $5 to $10 commission, an ECN Prime Account at $500 minimum with 1:100 leverage and $5 to $7 commission, a Swap Free Account at $100 minimum, and a Crypto Account at $100 minimum with 1:10 leverage and 0.5% commission. We note the firm’s own marketing platforms page states “up to 1:3000 leverage” and “execution from 30 ms” for ECN Prime, a figure that conflicts with the 1:100 leverage given for the same account in the comparison table; we report both rather than choosing between them.

Platforms and instruments

Three platforms appear on the firm’s own platforms page. MetaTrader 4 is called “a universal classic” there, offered with both desktop and mobile versions. MetaTrader 5 is called “the new standard” and is presented as the terminal professional traders prefer. WebTrader is presented as a browser-based trading terminal that lets traders deal directly with no software to install; the page lists no desktop or mobile app for WebTrader. The earlier review’s instrument list covers forex, cryptocurrencies, stocks, indices, spot metals, energies, ETFs and other CFDs.

Support hours at Grand Capital

Support scores 8.8 out of 10. The contacts page headline states “Our multilingual client support is available 24/7,” but the same page then lists department hours: the customer interaction department by email Monday to Friday 6:00 AM to 6:00 PM GMT, the partnership department Monday to Friday 7:00 AM to 5:00 PM GMT, the analytics department the same hours, and the HR department Monday to Friday 7:00 AM to 4:00 PM GMT. None of those listed hours is 24/7, so the page contradicts its own headline claim. The page also lists a phone line and a live chat widget, plus a ticket system through the client’s Private Office for contacting a personal manager.

Terms that bind a client

The site-wide legal footer states Our services are provided ‘as is’, without any express or implied warranty. The same footer tells clients from excluded countries that “using our services would be outside the scope of our Terms and Conditions, and Grand Capital Limited cannot be held responsible for any resulting issues,” which leaves a client from one of the listed countries, among them the United States, Japan, Spain, Italy, France, Germany and Russia, without contractual recourse if something goes wrong.

Overview Table

Facts List

• The firm’s own legal page names Grand Capital Ltd, Seychelles registered number HT01124138, as the operating entity.
• The Mwali International Services Authority register lists the entity on its LIQUIDATED list under licence BFX2024213, issued 26/11/2024, contradicting the firm’s own licence claim.
• The NFA register shows NFA ID 0540363 with membership status “Not an NFA Member” and no current CFTC registration category.
• The Financial Commission’s own member check table marks Grand Capital as “NOT PROTECTED”, not an approved member.
• The Seychelles Business and Company Search register did not return a match for “Grand Capital Ltd” among 74 results for “Grand”.
• We searched 1441 mirrored CySEC, FCA and FSC Mauritius warning-list entries and found no match for this firm.
• The firm’s own root page advertises affiliate commission of up to 50% of profit or up to 25 USD per lot.
• The firm’s own platforms page lists MetaTrader 4, MetaTrader 5 and WebTrader.
• The firm’s own contact page headline claims 24/7 support, but lists only weekday department hours.
• The site-wide legal footer disclaims all warranty and denies responsibility for clients using the service from excluded countries.

Key Takeaways

Score: 3/10. Our previous review of this broker scored it 5.2/10; this rewrite scores it 3/10. The move is ours, not a change in the firm: this review rests on public registers we queried directly, and what they show pulls the regulation score down to 1.5/10, which drags the overall figure down with it.

What the registers show about Grand Capital’s regulation claims

• The firm’s own regulations page claims a Mwali International Services Authority (MISA, Comoros) brokerage licence, BFX2024219, issued 09/11/2024. We searched the MISA register directly, and it lists GRAND CAPITAL LTD under a different licence number, BFX2024213, issued 26/11/2024, on its LIQUIDATED list. A licence the registrar has liquidated cannot support a current claim to be regulated in the Comoros.
• We searched the NFA BASIC register for the firm’s NFA ID, 0540363. The register records NFA membership status as “Not an NFA Member” and shows no current CFTC registration category.
• The firm’s own legal page states “Grand Capital is an approved member of The Financial Commission.” We checked the Financial Commission’s own member table, and it marks Grand Capital (Grand Capital Ltd.) as NOT a member, flagged “NOT PROTECTED.” The Financial Commission is a dispute-resolution membership body, not a government regulator, so even a genuine listing there would not amount to regulatory oversight.
• We searched the Seychelles Business and Company Search for the firm’s stated IBC number, HT01124138. The search returned 74 results for “Grand” but did not list Grand Capital Ltd among them, so we cannot say the registration is absent, only that our search did not find it.
• Before running any of these searches, we ran a positive control on each of the four registers, searching for a firm known to be listed, so an empty or contradicted result reflects the register and not a broken search.
• We searched 1,441 warning-list entries mirrored from CYSEC, the FCA and the FSC Mauritius, and Grand Capital appears on none of them. That is a clean result worth stating plainly, though it covers only the three regulators we mirror, not a global check.

Where Grand Capital’s own pages disagree with each other

• The firm’s Contacts page headline reads “Our multilingual client support is available 24/7,” then lists every department underneath with weekday hours only, for example Mon-Fri 6:00 AM-6:00 PM GMT for the customer interaction team. The page contradicts its own claim.
• The account comparison table gives the ECN Prime account leverage as up to 1:100, while the platforms marketing page advertises the same account at up to 1:3000 leverage with “execution from 30 ms.” That is a 30-times difference for the same account type on the firm’s own site.
• An earlier published review reported the entity’s registered country as Saint Vincent and the Grenadines, while the firm’s own pages give Seychelles (IBC number HT01124138) with the MISA licence held in Comoros. We are restating that earlier review’s finding here rather than a page we fetched.

Fees, platforms and support behind the higher scores

Fees score 9/10. We read the firm’s own fee and partnership material directly: the affiliate program pays “up to 50% of the company’s profit or up to 25 USD per lot,” and account-level costs run from no commission on the Standard, Micro and Swap Free accounts up to $5-$10 on MT5 and 0.5% on the Crypto account, per our earlier review. Platform scores 6.5/10, covering the firm’s own three offerings: MetaTrader 4, MetaTrader 5, and a browser-based WebTrader with no desktop or mobile app listed for it. Support scores 8.8/10 on the strength of the channels the firm’s own contact page lists: four separate department email addresses, a phone consultant line, live chat, and a ticket system through the client’s Private Office, set against the 24/7 claim the same page’s own hours contradict.

Terms that bind a client

• The site-wide legal footer disclaims the services “as is, without any express or implied warranty.”
• The same footer tells a client from an excluded country (the firm lists the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation among them) that using the service anyway falls outside its Terms and Conditions and that “Grand Capital Limited cannot be held responsible for any resulting issues.”
• Per our earlier review, the sign-up bonus requires a fresh deposit of 10% of the original sum every six months to renew, and the trading bonus credit is withdrawable only after meeting an unstated trading-volume requirement.

Reviews score 3.5/10. Set against a firm marketing an MISA licence on its own site, three of the four registers we checked directly contradict what Grand Capital claims about its regulatory standing, and the fourth could not confirm the company registration either way.

Licenses & Regulation

Grand Capital’s own regulations page names Grand Capital Ltd, an International Business Company registered in Seychelles under number HT01124138, licensed by the Mwali International Services Authority (MISA, Union of the Comoros) under licence BFX2024219, issued 09/11/2024. The same page describes Grand Capital as “an approved member of The Financial Commission.” Our earlier review instead lists the registered country as Saint Vincent and the Grenadines and describes the firm as unregulated, with an NFA record it calls unauthorised and a vague “Common Financial Service License” of type “No Sharing” tied to no named regulator. The firm’s own pages and the earlier review do not agree on where this company is even domiciled, let alone who oversees it.

The Comoros licence Grand Capital advertises

We searched the Mwali International Services Authority register directly, having first run a positive control against it to confirm the search method finds a firm known to be listed. GRAND CAPITAL LTD does appear on that register, but on its LIQUIDATED list, under licence BFX2024213, issued 26/11/2024, not the BFX2024219 the firm’s own page cites. A licence the registrar has liquidated cannot support a current claim to be regulated in the Comoros, regardless of which licence number the firm’s marketing page shows.

The NFA record

We searched the National Futures Association’s BASIC register directly. Grand Capital Ltd appears there under NFA ID 0540363, with membership status recorded as “Not an NFA Member,” and the register shows no current CFTC registration category for the firm. Neither a current NFA membership nor a current CFTC registration is on record, so nothing in this register supports treating Grand Capital as NFA regulated.

The Seychelles company number

We searched the Seychelles Business and Company Search (registry.gov.sc) for “Grand”; it returned 74 results but listed only 0, so Grand Capital Ltd under the HT01124138 number the firm cites was not found, and absence is not established. That search not finding the company does not establish that it isn’t registered there; it establishes only that this particular query did not surface it.

Financial Commission membership

Grand Capital’s own legal page calls the firm “an approved member of The Financial Commission,” presented on the same page as the MISA licence claim. The Financial Commission is a private dispute-resolution membership body, not a government regulator, and its own member-check table marks Grand Capital (Grand Capital Ltd.) as not a member, flagged “NOT PROTECTED.” The body whose name the firm invokes for credibility does not, by its own table, currently list it.

What the warning-list search found

We searched 1,441 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Grand Capital appears on none of them. That is a real result, but it covers only the three regulators we mirror, not a general clean bill of health, and it says nothing about the licence and membership claims addressed above.

Our previous review of Grand Capital scored regulation at a level that put the overall score at 5.2 out of 10; this review scores regulation at 1.5 and the overall at 3. That move follows from checking the registers directly rather than taking the firm’s regulations page at its word: the MISA licence the firm names traces to a liquidated entry under a different licence number, the NFA record shows no current membership or CFTC registration, and the Financial Commission’s own table contradicts the membership the firm claims. Where a firm’s own regulation page and the underlying registers disagree this consistently, that is what a regulation score this low is built on.

How to Trade

Across MT4 and MT5, Grand Capital offers six account types; these details are drawn from our earlier review rather than from a page we fetched ourselves. Standard requires a $100 minimum with 1:500 leverage and charges no commission. Micro needs just $10 to open, covers 66 instruments, also runs 1:500 leverage with no commission. The MT5 account, pitched as built for algorithmic trading, has a $100 minimum, 1:100 leverage, a $5 to $10 commission and access to 400+ instruments. Swap Free carries a $100 minimum, 1:500 leverage and charges no overnight interest. Crypto opens at $100, spans 68 cryptocurrencies, runs at 1:10 leverage and charges 0.5% commission. With a $500 minimum, ECN Prime targets experienced, scalping oriented traders chasing tight spreads and quick fills.

Where Grand Capital’s own numbers disagree with each other

The ECN Prime account is the clearest case of the firm’s own material contradicting itself. The account comparison and overview tables give ECN Prime leverage as up to 1:100, while Grand Capital’s platforms marketing page states “up to 1:3000 leverage” and “execution from 30 ms” for the same account. That is a thirtyfold gap in advertised maximum leverage for one product, and we have no way to tell a reader which figure actually applies to an account they open.

The instrument range, also from the earlier review rather than from a page we fetched, is listed as 50+ forex pairs, 60+ crypto pairs, US, European and Russian stocks, 12 global indices, spot gold and silver, crude oil (WTI, Brent) and natural gas, 7 ETFs including QQQ, and other CFDs across soft commodities, grains, bonds and meat.

Platforms

Three terminals appear on Grand Capital’s own platforms page. MT4 is described there as “a universal classic,” available as desktop and mobile versions; the earlier review puts its instrument count at 330+ and notes it supports expert advisors and indicators. MT5, described as “the new standard,” is likewise offered on desktop and mobile and positioned as the terminal for professional traders, with 400+ instruments. WebTrader is Grand Capital’s browser based terminal, described on the firm’s platforms page as letting traders “trade directly without software installation,” with no desktop or mobile app listed alongside it.

Bonuses that tie up a client’s money

The earlier review describes two bonus structures. A sign up bonus of 40% on the initial deposit, renewable every six months by depositing a further 10% of the initial sum, and a trading bonus of 40% with $3 credited per lot closed, withdrawable only after meeting trading volume requirements the earlier review does not state. In practice this means bonus funds are not simply money in the account: a client has to keep topping up every six months to keep the sign up bonus alive, and has to hit an unstated trading volume before any of the trading bonus can be taken out.

Where Grand Capital will not take a client

Grand Capital’s own site states it does not accept clients from “the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation.” The same page tells anyone from those countries who trades anyway that doing so “would be outside the scope of our Terms and Conditions, and Grand Capital Limited cannot be held responsible for any resulting issues.” Combined with the site wide disclaimer that services are provided “as is, without any express or implied warranty,” a client in an excluded country is left with no contractual recourse if something goes wrong, by the firm’s own wording.

Set against that, negative balance protection, which the earlier review says Grand Capital offers, does not appear on any of the firm’s own pages we fetched (root, about, legal, contact, platforms, accounts) in our evidence. What the firm’s own regulations page does state is “protection of client capital in segregated accounts with top-tier international banks.” That is a narrower promise than negative balance protection, and we cannot confirm the broader claim from anything Grand Capital itself published in our evidence.

Account Types

Grand Capital sells six account types, all reported to us by the earlier review of this firm rather than fetched fresh from an accounts page in our evidence. We are restating those figures in our own words rather than quoting the firm, because we did not read the account page ourselves.

The entry-level accounts: Micro, Standard and Swap Free

The Micro account carries the lowest entry point at $10, running on MT4 with up to 1:500 leverage, no commission, and access to 66 instruments, according to the earlier review’s account comparison. The Standard account opens at $100, also on MT4 with up to 1:500 leverage and no commission, and adds a choice of eight account currencies plus a broader forex line-up, per the same source. The Swap Free account, aimed at clients who cannot hold interest-bearing positions, matches Standard’s $100 minimum and 1:500 leverage on MT4 but removes overnight swap charges, again as reported by the earlier review rather than a page we fetched ourselves.

Grand Capital’s commission accounts: MT5 and ECN Prime

The MT5 account needs the same $100 minimum but pairs it with a $5-$10 commission and lower leverage, capped at 1:100, in exchange for MT5’s algorithmic-trading tools and a wider set of over 400 instruments, per the earlier review’s table. The ECN Prime account steps the minimum up to $500, with a $5-$7 commission on the same comparison table and leverage listed as up to 1:100.

That ECN Prime leverage figure does not match what Grand Capital’s own platforms page says about the same account: it advertises ECN Prime with leverage of up to 1:3000 and execution from 30 milliseconds. A 30-times gap between the firm’s own marketing figure and the account comparison table is not a rounding difference, and a client sizing a position against a stated leverage cap should know the two sources disagree before treating either number as reliable.

The Crypto account

The Crypto account also opens at $100 but runs on far lower leverage, up to 1:10, with a 0.5% commission, according to the earlier review. In exchange, it lists access to 68 cryptocurrencies and what the same source describes as an added analyst benefit; we have not fetched a page describing what that benefit consists of.

Deposit bonuses and what locks the money up

Beyond the six trading accounts, the earlier review reported a sign-up bonus of 40% on a client’s initial deposit, renewable every six months provided the client deposits a further 10% of the original sum, and a separate trading bonus of 40% that credits $3 per lot closed. Neither bonus is reported as freely withdrawable: the trading bonus can only be withdrawn once the client has met a stated trading-volume requirement, and the earlier review does not give the figure for that requirement. A bonus that requires a client to keep topping up the account every six months, and to trade a threshold that is not disclosed before touching the credited funds, functions as a retention mechanic tied to the account rather than as free money added to it.

Our previous review of Grand Capital scored this catalogue entry 5.2 out of 10; this review scores it 3. The account pricing itself, evaluated on the fees criterion alone, actually scores well at 9 out of 10 on entry costs as low as $10 and no-commission options on three of the six accounts. The overall figure is pulled down elsewhere in this review, not by anything in the account terms above.

Negative Balance Protection

We read Grand Capital’s own regulations page directly, and nowhere on it does the firm use the phrase “negative balance protection.” What it does say is that client capital is protected “in segregated accounts with top-tier international banks.” That is not the same claim made in an earlier review of this firm which reported that the firm protects clients from negative balances. Across every one of the firm’s own pages fetched for this review, root, legal, contact, platforms and accounts, we found no statement to that effect. We can report what the firm’s own regulations page claims, and that it says nothing about capping a client’s losses at their deposited balance, but we cannot say the firm has no such protection, since we have not seen an account agreement that would settle the point either way.

What Grand Capital’s own pages say about client funds

The segregated-accounts claim sits on the same regulations page where Grand Capital Ltd sets out its Mwali International Services Authority (MISA, Union of the Comoros) brokerage licence, number BFX2024219, issued 09/11/2024. We checked the Mwali register directly, and Grand Capital Ltd appears there on the LIQUIDATED list, under a different licence number, BFX2024213, issued 26/11/2024. A liquidated entry on the regulator’s own list does not support a current claim to be licensed and supervised in the Comoros, and that weakens the weight a reader can put on any capital-protection claim resting on that licence. The Financial Commission’s own member-check table lists Grand Capital as not a member (“NOT PROTECTED”), so the one dispute-resolution body named on that same page does not back a client complaint route either. Separately, the National Futures Association’s BASIC register records Grand Capital Ltd’s NFA membership status as “Not an NFA Member,” with no current CFTC registration category shown against NFA ID 0540363.

Leverage across Grand Capital’s accounts

How far a position can run against a deposit before it is closed out depends on the leverage cap attached to the account, and our earlier review reported different caps by account type: up to 1:500 on the Standard, Micro and Swap Free accounts, up to 1:100 on the MT5 account, and up to 1:10 on the Crypto account. For the ECN Prime account, that same account comparison table gave leverage as up to 1:100, while Grand Capital’s own platforms marketing page advertises ECN Prime with “up to 1:3000 leverage” and execution “from 30 ms.” A thirtyfold gap between the two figures for the same account type means a client checking the account comparison page against the platforms page would see very different ceilings on how much exposure their deposit can carry, and that ceiling is what decides how much a losing trade can cost before a stop-out intervenes.

What Grand Capital’s terms say if a position runs against a client

Grand Capital’s site-wide legal footer, which we read directly, disclaims responsibility for its services in broad terms, stating that they are provided on an as-is basis without any express or implied warranty. The same footer lists excluded countries and states, for anyone from one of those countries who trades anyway: “If you are a resident of one of these countries, please be aware that using our services would be outside the scope of our Terms and Conditions, and Grand Capital Limited cannot be held responsible for any resulting issues.” Neither clause is written specifically for a losing trade or a debit balance, but both narrow, in the firm’s own words, what a client can hold Grand Capital to if their account runs into trouble.

The earlier review also described a Trading Bonus paying $3 per lot closed and a Sign-Up Bonus of 40%, renewable every six months by depositing a further 10% of the initial sum, with bonus money withdrawable only once an unstated trading-volume target is met. Bonus funds locked behind a volume condition are not funds a client can draw on as a buffer during a drawdown. We did not fetch Grand Capital’s bonus terms ourselves, so this is reported as the earlier review described it, not as something we read in the firm’s own documentation.

Trading Instruments

Grand Capital’s own regulations page lists eight account types across MT4, MT5 and a swap-free option, and the platform pages describe access to forex, cryptocurrencies, stocks, indices, metals, energies, ETFs and other CFDs. What is missing from our evidence is the firm’s own instrument list: the specific pairs, share names and contract counts below come from the earlier published review, not from a page we fetched, and we say so where it matters.

What Grand Capital advertises

The earlier review’s overview of tradable markets lists 50+ forex pairs including EUR/USD and GBP/USD, 60+ cryptocurrency pairs including BTC and ETH, US, European and Russian company stocks, 12 global indices including NASDAQ and the FTSE 100, spot gold and silver, energies covering WTI and Brent crude oil and natural gas, 7 ETFs including QQQ, and a further band of CFDs on soft commodities such as coffee and sugar, grains such as corn and wheat, bonds and meats. That range spans the usual CFD categories a multi-asset broker would offer, but every figure in this paragraph is restated from our earlier review rather than read off a Grand Capital instrument sheet in our evidence.

Account-level detail, also from our earlier review, narrows how much of that range any one client actually sees. The Micro account is described as giving access to 66 instruments, the MT5 account to 400+, and the Crypto account specifically to 68 different cryptocurrencies. The firm’s own platforms page, by contrast, gives MT4 as covering 330+ instruments and MT5 as covering 400+, which is a different pairing of numbers to platforms than the account-by-account breakdown carries; a trader picking an account on the strength of an instrument count should check which of these two figures applies to the account they are actually opening.

Access is gated by account type, and the account tiers disagree on their own numbers

Grand Capital’s asset access is not uniform across the six account types our earlier review sets out: Standard ($100 minimum), MT5 ($100), Micro ($10), ECN Prime ($500), Swap Free ($100) and Crypto ($100). The Crypto account, for instance, is built around the 68-cryptocurrency figure above and carries a 0.5% commission and 1:10 leverage, a materially different cost and risk structure from the Standard account’s no-commission, 1:500-leverage forex focus. A client who wants the fuller 400+ instrument range tied to MT5 is placed on 1:100 leverage and a $5-$10 commission, not the leverage or cost terms of the Micro or Standard tiers.

The ECN Prime account is where the evidence for asset and execution terms directly conflicts. The account comparison table in our earlier review gives ECN Prime as up to 1:100 leverage with a $5-$7 commission. Grand Capital’s own platforms marketing page, fetched directly for this review, instead advertises the same ECN Prime account with “up to 1:3000 leverage” and “execution from 30 ms.” A 30-times difference in the maximum leverage quoted for one account is not a rounding gap, and we cannot tell a reader which figure the firm would actually apply to an ECN Prime trade.

Binary options sit outside what our evidence covers

Our earlier review also states that Grand Capital runs a separate binary options offering, branded GC Option, covering more than 30 assets on its own website. None of the pages fetched for this review, root, about, legal, contact or platforms, mention GC Option, so its terms, its regulatory footing and whether it sits under the same Grand Capital Ltd entity are unverified here. Anyone drawn in by the binary options offer should treat it as a separate product until it can be checked against its own source pages.

What the asset offering sits on top of

The breadth of instruments above is offered by an entity whose regulatory standing this review scores at 1.5 out of 10. The Mwali International Services Authority’s own register places GRAND CAPITAL LTD’s licence BFX2024213 on its LIQUIDATED list, issued 26/11/2024, which cannot support the firm’s current claim on its own legal page to hold an active MISA brokerage licence. The NFA BASIC register shows NFA ID 0540363 as “Not an NFA Member” with no current CFTC registration category, and the Financial Commission’s own member-check table marks Grand Capital as “NOT PROTECTED” rather than as a member. The Seychelles company search did not return a matching result for the IBC number the firm cites, so that registration is unconfirmed rather than disproved. A wide asset list carries less weight when the register entries meant to back the firm’s licensing claims do not show what the firm’s own pages say they show.

This review scores Grand Capital 3 out of 10 overall, down from an earlier 5.2. The regulation score of 1.5 reflects the contradicted MISA, NFA and Financial Commission register results above, and the reviews score of 3.5 reflects the same conflicts appearing between the firm’s own pages and the account and leverage figures reported elsewhere. Both the criteria this review applies and the evidence behind them have changed since the earlier score, so the drop is our assessment being restated against current evidence, not a claim that Grand Capital’s asset offering itself has changed.

Education & Analysis

Grand Capital’s own platforms page lists three trading terminals: MetaTrader 4, described as “a universal classic,” MetaTrader 5, pitched as “the new standard” and the preferred terminal for professional traders, and WebTrader, an in-browser terminal the firm describes as letting traders “trade directly without software installation.” Both MT4 and MT5 come with desktop and mobile versions; WebTrader is listed with no desktop or mobile app equivalent, just the browser build. MT4 is the platform tied to the Standard, Micro, Swap Free and Crypto account types, while MT5 is reserved for the account the firm calls its MT5 Account, built for algorithmic trading.

What Grand Capital’s platform pages actually cover

The platform descriptions on grandcapital.net stop at naming the three terminals and repeating MetaTrader’s standard selling points: expert advisors, custom indicators, and the usual charting toolkit that ships with any MT4 or MT5 install. The pages we fetched (root, legal, platforms, contact) say nothing about proprietary charting tools, a TradingView integration, or an in-house analysis suite layered on top of MetaTrader. That is not the same as saying Grand Capital offers no such thing; it means the pages in front of us describe MetaTrader and a browser terminal, and nothing beyond that.

The account comparison material lists instrument counts per account tier: the Standard Account carries 330+ instruments on MT4, the MT5 Account offers 400+ instruments, and the Micro Account is limited to 66 instruments. Across the product range, the broader instrument list runs to 50+ forex pairs, 60+ crypto pairs, US, European and Russian equities, 12 global indices including NASDAQ and the FTSE 100, spot gold and silver, crude oil (WTI and Brent) and natural gas, 7 ETFs including QQQ, and a set of other CFDs spanning soft commodities, grains, bonds and meats. This range of markets is what a trader would actually be charting, whichever of the three terminals they pick.

The leverage figures don’t match between Grand Capital’s own pages

One discrepancy sits squarely inside the platform and account material rather than in our earlier review’s summary. The account comparison table gives the ECN Prime account’s leverage as up to 1:100. The firm’s own platforms marketing page, covering the same ECN Prime account, instead advertises “up to 1:3000 leverage” and “execution from 30 ms.” Those are two different numbers for the same account type on the same set of pages, a 30 times gap that matters to anyone sizing a position against the leverage cap they think they have. We are not resolving which figure is current; we are reporting that Grand Capital’s own material disagrees with itself on this point, on the same platform pages a trader would consult before opening an ECN Prime account.

Trading conditions vary by account beyond leverage too. The MT5 Account carries a $5 to $10 commission per our earlier review’s comparison table; ECN Prime is listed at $5 to $7 in that same table, again before the platforms page’s conflicting leverage claim; the Crypto Account carries a 0.5% commission; and Standard, Micro and Swap Free accounts are listed as commission-free. None of the fetched pages give a spread schedule or execution-speed benchmark independent of the ECN Prime marketing claim above, so we have nothing further first-hand to set against it.

Where this section’s score comes from

Our previous review scored Grand Capital 5.2 out of 10 overall; this review scores it 3 out of 10. That is a lower overall figure built from a different set of criteria scores than before, including a platform score of 6.5 out of 10 here. The platform figure reflects what the evidence shows: three working, recognisable terminals (MT4, MT5, WebTrader) with a genuinely wide instrument list across forex, crypto, equities, indices, metals, energies, ETFs and other CFDs, set against a firm whose own pages contradict each other on a basic trading condition, the ECN Prime leverage cap, and whose platform pages we fetched describe no charting or analysis tooling beyond what MetaTrader and WebTrader ship with by default. The overall score of 3 is driven far more heavily by other criteria, regulation chief among them, than by the platform assessment on its own; we cover that separately, but flag it here because a trader chart-hunting on Grand Capital’s terminals should know the regulatory picture before the platform features become the reason to sign up.

Special Offers

The most specific detail on Grand Capital’s promotions does not come from anything we fetched from the firm’s own site in our evidence. It comes from an earlier review of Grand Capital and it should be read as that earlier review’s reporting, not as something we read on grandcapital.net ourselves.

What the earlier review reported about Grand Capital’s bonuses

That earlier review described a sign-up bonus of 40% on a client’s initial deposit, renewable every six months provided the client deposits a further 10% of that initial sum. It also described a separate trading bonus, also worth 40%, structured as $3 credited to the client for every lot closed, and reported that this credited amount could only be withdrawn once the client had met a trading volume requirement the earlier review did not itself specify. Under that reported structure, a client cannot simply take the bonus money out: the sign-up bonus depends on the client continuing to fund the account twice a year to keep it alive, and the trading bonus depends on the client generating enough closed-lot volume to unlock what has already been credited. We have not verified either bonus against Grand Capital’s own current pages, so the size, the renewal terms and the withdrawal condition above should be treated as reported by that earlier review rather than as confirmed firsthand.

What Grand Capital’s own pages show instead

The pages we did fetch directly from Grand Capital in our evidence are its legal/regulations page, its root marketing page, its contacts page and its platforms page, and none of them set out client-facing deposit or trading bonus terms. The one promotional-shaped offer that does appear on a page we read firsthand sits on the introducer side rather than the client side: Grand Capital’s own site states partners can “receive payments of up to 50% of the company’s profit or up to 25 USD per lot, the choice is yours.” That is a partnership/affiliate commission structure, not a client deposit bonus, and it is not conditioned on the client-facing renewal or volume terms described above.

Two site-wide clauses from that same page are worth setting against any bonus a client might be offered. Grand Capital’s legal footer states that our services are provided ‘as is’, without any express or implied warranty, which disclaims any guarantee about the quality or reliability of what the firm provides, bonus terms included. The same footer also excludes a list of countries, naming “the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation,” and warns that a client from one of those countries who uses the service anyway is doing so “outside the scope of our Terms and Conditions,” with Grand Capital Limited stated as not responsible for any resulting issues. A client taking up a bonus offer from one of the listed countries would be doing so with no contractual recourse against the firm if something went wrong with that bonus.

Why this matters for anyone weighing a Grand Capital bonus

A 40% deposit bonus that must be renewed every six months by adding fresh funds, and a per-lot trading credit that cannot be withdrawn until an unstated volume target is hit, are both conditions that work against a client taking the headline percentage at face value. Because neither term appears on the Grand Capital pages we fetched ourselves, we cannot confirm whether the offer described by the earlier review is still running, whether the volume requirement has since been published, or whether the terms have changed. Anyone considering a bonus should ask Grand Capital directly for the current written terms, including the specific trading volume needed to unlock a trading bonus credit, before funding an account on the strength of either offer.

Opening an Account

Grand Capital’s account comparison table gives six account types with different minimum deposits: the Micro Account at $10, the Standard, MT5, Swap Free and Crypto Accounts at $100, and the ECN Prime Account at $500, according to our earlier review. That table also lists leverage of up to 1:500 on Standard, Micro and Swap Free, 1:100 on MT5 and ECN Prime, and 1:10 on Crypto. The firm’s own marketing page for platforms instead advertises the ECN Prime account with “up to 1:3000 leverage” and “execution from 30 ms,” a figure ten times higher than what the comparison table gives for the same account. We are not able to say which figure would apply to an account actually opened, only that the firm’s own pages disagree with each other on it.

Who Grand Capital says it will not open an account for

The firm’s own root page states it does not accept clients from “the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation.” The same page’s legal footer adds that a resident of one of these countries who uses the service anyway is told this falls “outside the scope of our Terms and Conditions, and Grand Capital Limited cannot be held responsible for any resulting issues,” which leaves that client without contractual recourse if something goes wrong. Separately, our earlier review gives a shorter list of excluded countries, “United States, Japan,” which is narrower than what the firm’s own page states.

What we could not verify about verification itself

Nothing in the pages we fetched, the root page, the legal page, the contact page or the platforms page, describes a document checklist, an identity verification tier, or a deposit-to-verification-level mapping. The evidence available to us covers what accounts exist and what they cost, not the account-opening workflow or the proof-of-identity steps a new client would be asked for. We are not able to describe that process here because we did not fetch a page that states it.

Why this section scores where it does

Our previous review of Grand Capital scored 5.2 out of 10. This review scores 3 out of 10 overall, and the account-opening picture feeds that mainly through the regulation score, which sits at 1.5 out of 10. That low figure reflects what the public registers actually showed when we checked them directly: the Mwali International Services Authority register lists GRAND CAPITAL LTD’s licence BFX2024213 as liquidated, not active, which cannot support the firm’s own claim on its legal page to hold current licence BFX2024219 issued 09/11/2024. The NFA BASIC register shows Grand Capital Ltd under NFA ID 0540363 with membership status “Not an NFA Member” and no current CFTC registration category. The Financial Commission’s own member check table marks Grand Capital as “NOT PROTECTED,” meaning not a current member of the dispute-resolution body its legal page cites. A prospective client opening an account here is doing so against a set of regulatory claims that the primary sources we checked directly do not back up. We did search 1441 warning list entries mirrored from CYSEC, the FCA and the FSC Mauritius, and Grand Capital did not appear on any of them, which is worth noting on its own terms: it means the firm is not named on those three specific lists, not that it is regulated, and not that other regulators have not acted against it.

Deposits & Withdrawals

Everything below on deposits and withdrawals reached us through our earlier review, not through a fee schedule or payments page of Grand Capital’s own that we fetched in our evidence. We restate it in our own words rather than as anything the firm’s own site told us directly, because we have not read that document ourselves.

Funding a Grand Capital account

The earlier review reported five funding rails: bank wire transfer, Visa and Mastercard, e-wallets (Neteller, Skrill, Perfect Money, FasaPay), cryptocurrency (Bitcoin, Ethereum, Ripple), and a further group described as other methods (Help2Pay, WebMoney, QIWI, UnionPay). Card, e-wallet, crypto, and the other methods group were all reported as processing deposits instantly. Bank wire deposits were reported as taking 1 to 5 business days.

Minimum deposit varies by account tier. The earlier review gave $10 to open a Micro account, $100 for the Standard, MT5, and Swap Free accounts, and $500 for the ECN Prime account.

What Grand Capital charges to withdraw

The following withdrawal times and fees come from the earlier review as well; we have not verified them against a page of the firm’s own.

None of this comes from a fee schedule or payments page of Grand Capital’s own, since our evidence contains no such document; the table simply restates what the earlier review said, and none of its wording was drawn from grandcapital.net.

Bonus funds and what withdrawable actually means

The earlier review also reported two account credits that bear directly on what a client can withdraw rather than merely see credited to a balance. A sign up bonus of 40% on the initial deposit is renewable every six months, but only by depositing a further 10% of the initial sum each time. A separate trading bonus of 40%, credited at $3 per lot closed, is withdrawable only after meeting a trading volume requirement that the earlier review did not state a figure for. Read together, both credits tie any withdrawal of bonus money to continued deposits or continued trading rather than making that money available on request, and a client who wants to withdraw their own principal without meeting those conditions should expect the bonus portion, if accepted, to complicate that request.

The one payment figure we read ourselves

The single payment related figure we did read on Grand Capital’s own site sits outside client deposits and withdrawals entirely. The firm’s root page offers partners, not trading clients, “up to 50% of the company’s profit or up to 25 USD per lot” in commission. That is a partnership payout, not a client funding or withdrawal term, and we have not seen it presented as one anywhere in the pages we fetched.

What we could not check

We did not fetch a dedicated deposits and withdrawals or fees page from grandcapital.net in our evidence, so we cannot confirm the account minimums, processing windows, or fee conditions above against the firm’s own current wording, only against what the earlier review reported. Given that the same earlier review’s account details elsewhere conflict with the firm’s own marketing page on at least one figure, for example ECN Prime leverage, a client relying on the withdrawal terms above should confirm current minimums, processing times, and any bank or e-wallet fees directly with Grand Capital before funding an account.

Customer Support

Support runs through named departments rather than a single help desk. Grand Capital’s own contact page lists an email address for each: support@grandcapital.net for the customer interaction department, partner@grandcapital.net for partnerships, analyst@grandcapital.net for analytics, and hr@grandcapital.net for HR. There’s also a phone/consultant line at +2484422900. Inside the client account, the firm’s root page describes a ticket system for reaching “your personal manager through the ticket system in your Private Office,” and the site runs a live chat widget that opens with “Hey there! How can we help you?”

What Grand Capital’s own contact page says about hours

The contact page’s headline claims “Our multilingual client support is available 24/7.” The same page then lists each department’s actual hours, and none of them is 24/7: the customer interaction department runs Monday to Friday, 6:00 AM to 6:00 PM GMT; partnership and analytics both run Monday to Friday, 7:00 AM to 5:00 PM GMT; HR runs Monday to Friday, 7:00 AM to 4:00 PM GMT. A trader with a problem outside those weekday windows, or on a weekend, is reaching a channel the firm’s own page does not claim is staffed at that time, whatever the headline above it says.

The pages we fetched don’t say which of these channels, if any, is staffed outside those listed weekday hours, and don’t describe an escalation path, a published complaints procedure, or a target response time for any channel. We can’t say those things don’t exist; we can only say the material we read doesn’t mention them.

Terms that reach a client who has a problem

The site-wide legal footer states that our services are provided ‘as is’, without any express or implied warranty, which caps what a client can hold the firm to when something goes wrong with the service itself. The same footer tells clients from a list of excluded countries, which includes the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation, that using the service anyway falls “outside the scope of our Terms and Conditions,” and that “Grand Capital Limited cannot be held responsible for any resulting issues.” A client from one of those countries who still gets an account open has, by the firm’s own wording, no contractual footing to complain from.

The same legal page that sets out the firm’s MISA licence claim also carries the heading “Grand Capital is an approved member of The Financial Commission.” We checked the Financial Commission’s own member check table directly, and it marks Grand Capital (Grand Capital Ltd.) as “NOT PROTECTED,” meaning not a current member. The Financial Commission is a private dispute-resolution body rather than a government regulator, and it runs a complaints and compensation-fund process for member firms; a client relying on that heading for a route to compensation would be relying on a body whose own table does not currently list the firm as a member.

This review scores support at 8.8 out of 10 and gives the broker an overall 3 out of 10, down from our previous 5.2. The drop is driven by the register findings elsewhere in this review, not by the support material itself: this section’s own evidence, the range of contact channels and the detailed hours, is a genuine part of what’s holding the support score up even as regulation drags the overall figure down.

Prohibited Countries

Grand Capital’s own website carries a list of countries it says it will not serve. The site-wide legal footer names the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia and the Russian Federation as excluded. The earlier review being restated here gave a much shorter list, just the United States and Japan; the firm’s own footer is the current and more complete source, and the two lists do not match.

What Grand Capital’s footer says about residents of those countries

The same footer sets out what happens if someone from an excluded country uses the platform anyway: “If you are a resident of one of these countries, please be aware that using our services would be outside the scope of our Terms and Conditions, and Grand Capital Limited cannot be held responsible for any resulting issues.” That is not a technical block on sign-up; it is a statement that the firm disclaims responsibility for a client who trades from one of those fifteen countries regardless. A client in that position is told upfront they have no contractual recourse if something goes wrong.

The exclusion list contradicts Grand Capital’s own incorporation claims

Two of the fifteen excluded countries are places Grand Capital itself claims a formal connection to. The firm’s own pages give its registration as Grand Capital Ltd, IBC number HT01124138, registered in Seychelles, with an address at Office F2-2A, Second Floor, Oceanic House, Providence Estate, Mahé, Seychelles, and a second address at Office C4-R5, Xvision House, Providence Estate, Mahé, Seychelles. Seychelles is also on the firm’s own excluded-country list. The earlier review, separately, gave the registered country as Saint Vincent and the Grenadines, which is likewise on that excluded list. Whichever of the two jurisdictional claims is taken as accurate, the country tied to the entity’s own registration appears on its own list of places it says it will not serve.

No confirmation of enforcement

None of the evidence gathered here describes how, or whether, Grand Capital checks a client’s residence against this list at sign-up or during account use. The footer states the consequence for a resident of an excluded country who trades anyway, which implies the exclusion is a paper term rather than a hard gate, but nothing fetched from the firm’s own pages confirms or rules out an identity or address check. That gap should be read as our not having found a description of enforcement, not as evidence that none exists.

Conclusion

Grand Capital scores 3 out of 10 in this review, down from the 5.2 we gave it before. The drop is ours, not the firm’s: this review checked four registers directly and ran a positive control on each before recording any result, and what came back does not support the oversight claims Grand Capital makes on its own pages.

Why regulation drags the score down

Grand Capital’s own legal page names a Mwali International Services Authority brokerage licence, BFX2024219, issued 09/11/2024. The Mwali register itself lists GRAND CAPITAL LTD on its LIQUIDATED list under licence BFX2024213, issued 26/11/2024. A licence the registrar has marked liquidated cannot back a current claim to be regulated in the Comoros. The NFA BASIC register shows Grand Capital Ltd under NFA ID 0540363 with membership status “Not an NFA Member” and no current CFTC registration category on file. The Financial Commission’s own member check table lists Grand Capital as “NOT PROTECTED”, meaning not a current member of that body, even though the firm’s legal page states it is an approved member. And the Seychelles company registry search for “Grand” returned 74 results but did not surface Grand Capital Ltd’s registered number, HT01124138, among them, so that one sits as not established either way rather than confirmed. Three separate registers, checked directly, contradict what Grand Capital’s own pages say about its standing. That is what moved the regulation score down and pulled the overall figure with it.

What Grand Capital charges

The fee side of the evidence is thinner but points the other way. Our earlier review’s figures put bank wire withdrawals at up to seven business days with fees that may apply depending on the bank, and e-wallet withdrawals at one to five business days with small fees possible. Account minimums run from $10 on the Micro account up to $500 on the ECN Prime account, per that same material from our earlier review. Nothing in the pages we fetched or our earlier review flags outsized trading costs, which is consistent with the fee score sitting well above the regulation score.

Platform and support

Grand Capital’s own platform page offers MetaTrader 4, MetaTrader 5, and a browser based WebTrader, with MT5 pitched as the terminal for professional traders and MT4 as the more established option. On support, the firm lists an email address for each department (customer interaction, partnership, analytics, HR) on its contact page, each with weekday hours in the 06:00 to 18:00 or similar GMT range, plus a phone line, live chat widget, and a ticket system through the client’s Private Office. Worth flagging: that same contact page headlines “multilingual client support is available 24/7” directly above department hours that are all weekday only, which is the firm’s own page contradicting its own claim.

Why reviews and reliability score low

Beyond the register findings, our evidence surfaces several places where Grand Capital’s own materials disagree with each other or with our earlier review: the entity’s country of registration is given as Seychelles on the firm’s own pages but as Saint Vincent and the Grenadines in our earlier review’s overview table; ECN Prime leverage is listed as up to 1:100 in the account comparison table but as up to 1:3000 on the marketing platforms page; and negative balance protection, claimed in our earlier review, appears nowhere in the firm’s own fetched pages, which instead only mention segregated accounts at “top-tier international banks.” A warning-list search across 1,441 entries mirrored from CySEC, the FCA, and the FSC Mauritius returned no match for Grand Capital, which is worth stating plainly since it is a clean result this catalogue can check, though it only covers those three lists and no others.

Grand Capital Ltd’s own pages claim a Comoros brokerage licence and Financial Commission membership, but the Mwali register lists that licence as liquidated, the NFA register shows no current membership, and the Financial Commission’s own table marks the firm not protected, which is why this review scores it 3 out of 10.

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