Regarding the legitimacy of GRAND MARKETS forex brokers, it provides AOFA and WikiBit, (also has a graphic survey regarding security).
Is GRAND MARKETS safe?
Pros
Regulated by ASIC, providing a level of credibility.
Supports popular trading platform MetaTrader 4 (MT4).
Low minimum deposit requirement of $10, making it accessible for beginner traders.
Cons
High spreads for cryptocurrencies, averaging 70 pips for BTC/USD.
Offshore regulation raises concerns about investor protection.
Regional restrictions limit access for traders in several countries, including the US and UK.
Is GRAND MARKETS markets regulated?
The regulatory license is the strongest proof.
AOFA Forex Trading License (EP)
Anjouan Offshore Finance Authority
Anjouan Offshore Finance Authority
Current Status:
RegulatedLicense Type:
Forex Trading License (EP)
Licensed Entity:
Grand Markets Ltd
Effective Date:
2024-12-06Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
--Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
GRAND MARKETS Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
GRAND MARKETS latest industry rating score is 6.49, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 6.49 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.