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Grand Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://grandtrade.exchange/open-real/, about the company's legal and temporary regulatory information, the company's address .

Grand Trade Forex Broker

Basic Information

Registered Region

Marshall Islands

Operating Period

Company Name

Grand Marshall LTD

Abbreviation

Grand Trade

Company employee

Customer Service Email Address

compliance@grandtrade.exchange

Contact Number

+44 203 808 9575

Company Website

https://grandtrade.exchange

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Broker Name Grand Trade Exchange Registered Country Marshall Islands Tradble Instruments Forex, Indices, Commodities Regulation Unregulated Leverage Maximum leverage of 1:500 across all account types. Trading Platforms Offers Sirix and Activ8 platforms, but lacks MetaTrader. Spreads From 0.6 pips Customer Support Telephone: +44 203 808 9575Email: compliance@grandtrade.exchange Overview Grand Trade Exchange presents a concerning profile for potential traders. The broker operates without regulatory oversight, raising serious doubts about its transparency and security measures. Despite offering a high leverage ratio of 1:500 and access to trading platforms like Sirix and Activ8, the absence of MetaTrader and unclear commission structure further adds to the skepticism surrounding the platform. Additionally, the lack of regulation exposes traders to significant risks, including potential fraud and inadequate protection of assets. Overall, Grand Trade Exchange's unregulated nature and limited transparency undermine its credibility and reliability as a trading platform. Traders should exercise extreme caution when considering engagement with this broker. Regulation Grand Trade operates in a regulatory gray area, lacking comprehensive oversight and regulation. This lack of regulation exposes traders and consumers to various risks, including fraud, market manipulation, and inadequate protection of assets. Without proper oversight, there is limited recourse for individuals in case of disputes or malpractices within the platform. Additionally, the absence of regulatory frameworks may hinder the establishment of fair market practices and standards, potentially undermining trust in the platform. As such, the unregulated nature of Grand Trade raises concerns about its transparency, security, and overall reliability for participants in the trading ecosystem. Pros and Cons Grand Trade Exchange offers a variety of advantages, including access to Sirix and Activ8 platforms, high leverage options, and a wide range of tradeable assets spanning forex, indices, commodities, precious metals, stocks, and cryptocurrencies. However, the absence of financial regulation poses a risk to traders, and the high spreads may affect profitability. Additionally, the lack of MetaTrader and limited availability of automated trading features on certain accounts may be drawbacks for some traders. It's important for individuals to carefully consider these factors when choosing a brokerage. Pros Cons Sirix and Activ8 platforms offered No financial regulation High leverage High spreads An array of tradeable assets No MetaTrader Automated trading not available on most accounts Account Types Grand Trade Exchange has five trading accounts available: Silver, Gold, Platinum, Algo Fund, and VIP. To open a most basic account, the Silver account, you need only fund $100 into your account, while minimum deposit for other four accounts are absurdly high, from $5,000, $10,000, $10,000 and $100,000, respectively. The Silver Account serves as an entry-level option, requiring a modest minimum deposit of $100. With a maximum leverage of 1:500 and spreads starting from 2.4 pips, this account is well-suited for novice traders or those with limited capital who are seeking to venture into the forex market. For traders seeking improved trading conditions, the Gold Account offers tighter spreads starting from 2.1 pips, requiring a minimum deposit of $5,000. With the same leverage as the Silver Account, this option caters to intermediate traders looking for enhanced profitability and reduced trading costs. Moving up the ladder, the Platinum Account requires a minimum deposit of $10,000 and provides traders with even tighter spreads starting from 1.8 pips. This account type appeals to traders who prioritize favorable trading conditions and are willing to commit a higher initial investment. For traders employing algorithmic trading strategies, the Algo Account offers spreads starting from 1.8 pips, with a minimum deposit of $20,000. With the same leverage as the Platinum Account, this option caters to those who rely on automated trading systems, providing an optimal environment for algorithmic trading. Lastly, the VIP Account, requiring a substantial minimum deposit of $50,000, offers traders the lowest spreads starting from 0.6 pips. With the same maximum leverage as the other accounts, the VIP Account is tailored for advanced traders seeking the most favorable trading conditions and aiming for maximum profitability. Leverage Grand Trade Exchange offers a maximum trading leverage of 1:500 across all of its trading account types. This leverage ratio signifies that traders can control positions in the market that are up to 500 times the amount of their initial investment. While high leverage can amplify potential profits, it also increases the level of risk, as losses can likewise be magnified. Traders should exercise caution and employ proper risk management strategies when utilizing leverage to ensure they can navigate the market effectively and protect their capital from excessive exposure to market volatility. Spreads The spread is typically determined by trading accounts. The more account balance you hold, the more competitive spreads you are offered. As a result, spreads offered by these five accounts start from 2.4 pips, 2.1 pips, 1.8 pips, 1.8 pips, 0.6 pips, respectively Trading Platforms Grand Trade Exchange offers two robust trading platforms developed by Leverate, catering to diverse trading preferences and strategies. The Sirix platform provides an all-in-one solution for social trading, empowering users to configure their preferred lots and instruments, engage in one-click and copy trading, access analysis tools and charts, and stay informed with news and economic calendars. With mobile applications available for both Android and iOS devices, Sirix ensures traders can conveniently manage their portfolios anytime, anywhere. On the other hand, Activ8 boasts advanced charting capabilities and a comprehensive selection of EA/bots under its 'Strategies' category, providing traders with an extensive array of tools to enhance their trading experience across an extensive range of markets, including forex, indices, commodities, precious metals, stocks, and cryptocurrencies. Customer Support Traders with any inquiries or trading related issues can get access to Grand Trade Exchanges customer support through the following contact channels: Telephone: +44 203 808 9575 Email: compliance@grandtrade.exchange Conclusion Grand Trade Exchange presents a mixed picture for potential traders. On one hand, it offers a diverse range of account types, leveraging options, and access to multiple trading platforms, including Sirix and Activ8, developed by Leverate. However, significant concerns arise due to its lack of financial regulation, potentially exposing traders to various risks such as fraud and inadequate protection of assets. Additionally, high spreads, absence of MetaTrader, and limited availability of automated trading features may deter some traders. Furthermore, the fact that its website is down adds to the uncertainty surrounding the reliability of the platform. Traders should carefully consider these factors and exercise caution before engaging with Grand Trade Exchange. FAQs Q1: Is Grand Trade Exchange regulated？ A1: No, Grand Trade operates in an unregulated environment, lacking comprehensive oversight. Q2: What is the maximum leverage offered by Grand Trade Exchange？ A2: Grand Trade offers a maximum trading leverage of 1:500 across all account types. Q3: What trading platforms are available on Grand Trade Exchange？ A3: Grand Trade offers Sirix and Activ8 platforms, providing diverse trading options and tools. Q4: Are there commissions charged on trades with Grand Trade Exchange？ A4: While Grand Trade does not explicitly mention commissions, they may be incorporated into the spread markup. Q5: What assets can I trade on Grand Trade Exchange？ A5: Grand Trade Exchange offers a wide range of tradable assets including forex, indices, commodities, stocks, and cryptocurrencies.

Grand Trade broker review

Is Grand Trade safe or scam

Rating Index

SILVER

Minimum Deposit

100 – 4999$

GOLD

Minimum Deposit

5000 – 9999$

How to login to Grand Trade?

Grand Trade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Grand Trade Account Registering for a Grand Trade account is a straightforward process that involves several key steps. Follow these steps to ensure a smoot

Grand Trade Forex Broker - Complete Information Guide

1. Broker Overview

　　Grand Trade is an online trading platform that operates under the name Grand Trade Pvt Ltd. The broker was established in an unspecified year and claims to provide trading services primarily in the forex and binary options markets. Although its exact founding date is not documented, the company has attempted to position itself as a reputable broker in the financial services industry.

　　The broker is registered in Belize, which is known for its offshore financial services. However, the lack of transparency regarding its operational history raises concerns about its credibility. Grand Trade primarily targets retail clients, offering various trading instruments, including forex pairs, commodities, and cryptocurrencies.

　　Despite the claims of being a reliable trading platform, Grand Trade has faced scrutiny and negative reviews from users and financial authorities alike. Notably, the Italian financial regulator, CONSOB, has issued warnings regarding the broker's activities, indicating potential fraudulent practices.

　　The company's business model appears to focus on retail forex trading, with a particular emphasis on binary options, which have been banned in many jurisdictions due to their high risk and potential for fraud. The absence of a clear corporate structure and the lack of information about its parent company further complicate the assessment of Grand Trade's legitimacy.

2. Regulatory and Compliance Information

　　Grand Trade operates without credible regulatory oversight, which is a significant red flag for potential investors. The broker claims to be licensed by the International Financial Services Commission (IFSC) of Belize. However, investigations reveal that there is no verifiable registration under this regulatory body.

　　Regulatory Bodies:
　　IFSC (International Financial Services Commission, Belize)
　　Regulatory Numbers:
　　Not available due to the lack of verifiable registration.
　　License Validity and Scope:
　　The broker does not provide any specific details regarding the validity or scope of its claimed license.
　　Legal Entities:
　　The broker operates under the name Grand Trade Pvt Ltd, but the exact location of its registration remains unclear.
　　Client Fund Segregation Policy:
　　Grand Trade does not offer segregated accounts, meaning client funds may not be protected in the event of the broker's insolvency.
　　Investor Compensation Fund Participation:
　　There is no indication that Grand Trade participates in any investor compensation schemes, which are crucial for protecting client investments.
　　KYC and AML Compliance Measures:
　　The broker's commitment to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is not clearly outlined, raising further concerns about its operational integrity.

3. Trading Products and Services

　　Grand Trade claims to offer a diverse range of trading products, although the specifics are often vague.

　　Forex Pairs:
　　The broker provides access to numerous currency pairs, although the exact number is not specified.
　　CFD Product Categories:
　　Clients can trade Contracts for Difference (CFDs) on various assets, including indices, commodities, stocks, and cryptocurrencies.
　　Unique Products:
　　Specific unique trading instruments are not detailed in the available information.
　　Product Update Frequency:
　　The frequency of product updates or the addition of new instruments is not disclosed.
　　Retail Trading Services:
　　Grand Trade primarily caters to retail traders, offering a web-based trading platform.
　　Institutional Client Services:
　　There is no information available regarding services tailored for institutional clients.
　　White Label Solutions:
　　The availability of white label solutions is not mentioned.
　　Asset Management Services:
　　Asset management services do not appear to be part of Grand Trade's offerings.

4. Trading Platforms and Technology

　　Grand Trade offers a web-based trading platform, which is a common choice among many brokers.

　　MetaTrader 4/5 Support:
　　While the broker mentions the use of MetaTrader 4, it does not provide a downloadable version, which raises questions about its legitimacy.
　　Proprietary Platform Details:
　　There is no information about a proprietary trading platform being developed by Grand Trade.
　　Web-Based Trading Platform:
　　Grand Trade operates a web-based trading platform that allows users to trade directly from their browsers.
　　Mobile Applications:
　　The availability of mobile applications for iOS and Android is not specified.
　　Execution Model:
　　The broker's execution model is not clearly defined, with indications of being a market maker.
　　Server Location and Technical Infrastructure:
　　Details about the server location and the technical infrastructure supporting the trading platform are not disclosed.
　　API Access and Automated Trading Support:
　　There is no mention of API access or support for automated trading strategies.

5. Account Types and Trading Conditions

　　Grand Trade offers several account types, each with varying conditions.

　　Standard Account Conditions:
　　The minimum deposit requirement is reported to be $200, although specific spreads and commissions are not clearly defined.
　　Advanced Account Types:
　　Higher-tier accounts include options such as VIP and Professional Accounts, but details on their conditions are lacking.
　　Special Accounts:
　　The broker does not appear to offer specialized accounts like Islamic or corporate accounts.
　　Demo Account Policy:
　　Information about the availability of demo accounts is not provided.
　　Leverage Ratios:
　　The broker advertises leverage ratios of up to 1:500, but this should be approached with caution due to the lack of regulatory oversight.
　　Minimum Trading Lot Size:
　　The minimum trading lot size is not specified.
　　Overnight Fees Policy:
　　Details regarding overnight fees or swap rates are not disclosed.

6. Fund Management

　　Grand Trade provides limited information regarding its fund management practices.

　　Supported Deposit Methods:
　　The broker accepts various deposit methods, including bank transfers, credit cards, and e-wallets.
　　Minimum Deposit Requirements:
　　The minimum deposit varies by account type, starting at $200 for standard accounts.
　　Deposit Processing Time:
　　The processing time for deposits is not clearly stated.
　　Deposit Fees:
　　Information regarding deposit fees is not provided.
　　Withdrawal Methods and Restrictions:
　　The withdrawal methods are limited, with reports indicating difficulties in processing withdrawals.
　　Withdrawal Processing Time:
　　The processing time for withdrawals is not specified, leading to concerns about potential delays.
　　Withdrawal Fee Structure:
　　There is no clear information on the fee structure related to withdrawals.

7. Customer Support and Educational Resources

　　Grand Trade claims to provide customer support and educational resources, although specifics are sparse.

　　Support Channels:
　　Support is available via phone and email, but there is no mention of live chat or social media support.
　　Service Hours and Time Zone Coverage:
　　The operational hours of customer support are not clearly defined.
　　Multilingual Support:
　　The languages supported by the customer service team are not listed.
　　Types of Educational Resources:
　　The broker offers limited educational resources, which may include webinars and tutorials.
　　Market Analysis Services:
　　Information regarding daily analysis, news, or research reports is not provided.
　　Trading Tools:
　　The availability of trading tools, such as calculators or signal services, is not specified.

8. Regional Coverage and Restrictions

　　Grand Trade operates primarily in certain regions, but detailed information is lacking.

　　Main Service Markets:
　　The primary markets served by Grand Trade are not specified.
　　Regional Office Distribution:
　　There is no information available regarding the distribution of regional offices.
　　Countries/Regions Not Accepted:
　　The broker does not accept clients from specific countries, but these are not explicitly stated.
　　Special Restrictions:
　　There are no details on any special restrictions that might apply to specific regions.

　　In conclusion, Grand Trade broker presents numerous red flags regarding its legitimacy, regulatory compliance, and operational transparency. Potential investors should exercise extreme caution and conduct thorough research before considering engagement with this broker.

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