Grand Markets Forex Broker

Grand Markets Review SummaryFounded2015Registered Country/RegionComorosRegulationASCI, AOFA (Offshore regulated)Market InstrumentsForex, commodities, cryptocurrencies, and stock indicesDemo Account✅LeverageUp to 1:1000SpreadAverage 1.6 pips (Standard account)Trading PlatformMT4Minimum Deposit$10Customer Support24/7 support, live chat, contact formRegional Restrictionsthe United States, Canada, Israel, New Zealand, Iran, North Korea (Democratic People's Republic of Korea), Brazil, the United Kingdom, Russia, BelarusGrand Markets Information Grand Markets is a regulated global online trading platform that offers CFD trading services for multiple asset classes, including forex, cryptocurrencies, commodities, and stock indices. The platform supports MetaTrader 4 (MT4) on both desktop and mobile devices, making it suitable for traders seeking low-cost and multi-functional platforms, particularly for high-frequency forex trading and novice traders getting started.Pros and ConsPros Cons Regulated by ASICHigh cryptocurrency spreads (BTC/USD average 70 pips)MT4 availableRegional restrictionsDemo accounts availableOffshore regulation risks24/7 multilingual customer supportLow minimum depositIs Grand Markets Legit? The broker is regulated by the Anjouan Offshore Finance Authority (AOFA) and the Australian Securities & Investment Commission (ASIC), with license numbers L15998/GML and 001313699, respectively.Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.Anjouan Offshore Finance Authority (AOFA)Offshore RegulatedGrand Markets LtdComorosRetail Forex LicenseL15998/GMLAustralia Securities and Investment Commission (ASIC)RegulatedVSTAR FINANCE PTY LTDAustraliaAppointed Representative(AR)001313699What Can I Trade on Grand Markets? The platform offers over 50 CFD trading instruments, including Forex (50+ currency pairs), commodities, cryptocurrencies, and stock indices.Tradable Instruments Supported Forex✔Commodities✔Stock indices✔Cryptocurrencies✔Options❌ETFs❌Bonds❌Mutual Funds❌Account Type & FeesAccount TypeStandard ECNCent Minimum Deposit$10Average Spread1.6 pipsFrom 0.0 pips1.6 pipsCommission0Up to $7 per lot0 For the Standard account, the average spread for major currency pairs (such as EUR/USD) is 1.6 pips, while the ECN account offers spreads as low as 0 pips. Only the ECN account charges a maximum commission of $7 per lot. Most instruments (such as major currency pairs and cryptocurrencies) have no overnight interest.Leverage The platform offers a maximum leverage of 1:1000, applicable to all account types. However, exotic currency pairs (such as USDCNH) use fixed margin requirements, which are not affected by leverage adjustments.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop and MobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Deposits support global and local payment methods (credit cards, bank transfers, etc.) with instant account funding (platform processing time is within minutes). For withdrawals, the funds will arrive at the bank within 1-3 working days (varying by region and bank). It requires one-time password (OTP) verification, PCI DSS compliance, and segregated fund custody. There are no handling fees, and fund returns via the original channel are supported.