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Rating Index
Pros
Accessible minimum deposit of $200, making it suitable for beginner traders.
Offers high leverage of up to 1:500, appealing to those seeking amplified trading opportunities.
Provides access to popular trading platforms like MetaTrader 4, allowing for a familiar trading experience.
Cons
Operates without regulatory oversight, raising significant concerns about fund safety and broker credibility.
Numerous reports of withdrawal issues and scam warnings from industry watchdogs, indicating potential risks for clients.
Lacks transparency regarding company information, including ownership and operational history, which diminishes trustworthiness.
Grandtrade broker Accounts
Grand Trade Account Type
Grand Trade offers a variety of trading account types to cater to different trading needs. The available account types include:
- Silver Account
- Minimum Deposit: $100
- Spreads: Starting from 2.4 pips
- Gold Account
- Minimum Deposit: $5,000
- Spreads: Starting from 2.1 pips
- Platinum Account
- Minimum Deposit: $10,000
- Spreads: Starting from 1.8 pips
- Algo Fund Account
- Minimum Deposit: $10,000
- Spreads: Starting from 1.8 pips
- VIP Account
- Minimum Deposit: $100,000
- Spreads: Starting from 0.6 pips
- Visit the Official Website
- Currently, the official website is temporarily down, making it difficult to access detailed information directly.
- Choose Account Type
- Select the desired account type based on your trading preferences and minimum deposit requirements.
- Fill Out Registration Form
- Provide your personal information, including name, email address, phone number, and other necessary details.
- Submit Required Documents
- Upload verification documents as requested (identity proof, address proof, etc.).
- Fund Your Account
- Make the initial deposit as per the chosen account type.
- Start Trading
- Once your account is funded and approved, you can begin trading.
Each account type offers different trading conditions, with spreads improving as the deposit increases. However, it is important to note that Grand Trade operates as an unregulated offshore broker, which raises concerns regarding the safety of funds.
Grand Trade Broker Account Opening Process
To open an account with Grand Trade, follow these steps:
Please be cautious when dealing with unregulated brokers like Grand Trade, as they may pose risks to your investment.
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Grandtrade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .