Wikilix
GRAND MARKETS logo

GRAND MARKETS

Offshore
Regulation Verified
Comoros
Since 2022
Last Updated:

Trading Conditions

Min Deposit:
USD10
Max Leverage:
1000
Account Types
  • Standard Account
  • ECN Account
  • Cent Account
  • Swap-free option

Official website

Homepage of grandmarkets.com as we captured it

grandmarkets.com

Online · checked Oct 8, 2026

8 pages archived · Oct 8, 2026

Also on our record

1 more address
  • my.grandmarkets.comClient portal

Funding Methods

2 methods

Visa, Mastercard

credit card
Not recorded
Fee:Free
Fee:Free

Bank Transfer

bank transfer
Not recorded
Fee:Free
Fee:Free

Trust rating

Fair

51 out of 100 · 89% checked

Our investigation could not confirm its claims, but it holds a valid ASIC 554475 licence and 2 more.

Capped at 51 · High risk, unverified

We checked GRAND MARKETS on 2026-11-06 across its regulation, company record, client terms, trading offer and service, and could verify 89% of its record. Its strongest valid licence is ASIC 554475, with 2 more valid. The score was held at 51 because our investigation could not confirm its claims. What would move the score: withdrawal rails, all-in EURUSD cost, instrument breadth. Our investigation found 1.8 years of track record. Its client terms are weighted against clients, with 5 critical clauses.

Score last calculated 2026/11/06

Regulatory Licenses

Regulation Verified

Company Information

Full Name:Grand Markets Limited
Founded:2022
Headquarters:Comoros
Enterprise Offices:3offices

Customer Support

Phone:
—
Live Chat:
24/7
Response Time:
—
Languages:
English
Scroll Down

Is GRAND MARKETS a scam?

Wikilix independent safety report

Read the full report
65%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5

Grand Markets is not a confirmed scam, and we found no evidence of fraud, but we publish it at 65 percent risk because the company that holds client money was incorporated in December 2024. The licen…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation7/10 · HighIdentity & transparency5/10 · ModerateWithdrawals & conduct6/10 · HighReputation5/10 · ModerateWebsite claims6/10 · HighOperational history5/10 · Moderate

What GRAND MARKETS legally published, but does not want you to read

Wikilix contract reading ·

High contract risk

Grand Markets promises negative balance protection on its own customer protection page. Its client agreement says losses may exceed your deposit and the shortfall comes out of your other funds. The fees page says the company covers third-party transfer fees, while clause 11.3 puts every bank and conversion charge on you. You get three business days to complain, and clause 14.2 says you cannot contest what the company decides.

5Critical clauses
21Clauses flagged
6Documents read
8.5/10Contract risk
Read the full terms report17 more clauses, each with its wording, clause number and source
Editorial review
Updated

Broker Summary

What Wikilix has recorded about GRAND MARKETS: its history, the licences it holds, its trading conditions and its fees.

GRAND MARKETS Broker Overview

GRAND MARKETS is the trading brand of Grand Markets Limited, a company that its own states is incorporated and registered in the Union of Comoros, with its registered office at Hamchaku, Mutsamudu, on the Autonomous Island of Anjouan. The broker offers forex, commodities, indices and cryptocurrency CFDs through MetaTrader 4 and MetaTrader 5, across three account tiers that all open from 10 USD and all carry leverage of up to 1:1000. The only authorisation it publishes for the company clients deal with is the offshore Comoros licence number L15998/GML, which is confirmed on the Anjouan Offshore Finance Authority's register. It is an offshore licence, and Anjouan runs no investor compensation scheme.

GRAND MARKETS Regulation and License

The site states that it is operated through Grand Markets Limited under licence number L15998/GML, issued in the Autonomous Island of Anjouan, Union of Comoros, and describes the company as an authorised international brokerage and clearing house. That is the only licence published for the entity a client contracts with, and it is an offshore authorisation rather than an onshore one.

Two Australian companies carry the brand. Grand Markets Pty Ltd, ACN 672 887 099, registered on 13 November 2023, holds ASIC licence 554475, confirmed on ASIC's register; its conditions limit market making in derivatives and foreign exchange to wholesale clients, so it does not cover the retail business. Grand Markets Group Pty Ltd, ACN 682 086 139, registered on 5 November 2024, was called Grand Markets Pty Ltd until 23 July 2026. Both are separate legal persons from the Comoros company named as the website's operator. The Mauritius FSC register also lists an Investment Dealer named GRAND MARKETS, which the broker does not mention.

Is GRAND MARKETS Regulated?

GRAND MARKETS is regulated offshore. The company that operates its website holds an Anjouan licence confirmed on the regulator's register, and the Australian company's ASIC licence covers wholesale clients only. Clients of the Comoros entity therefore trade outside the retail protections an onshore licence would carry.

Grand Markets Limited

Grand Markets Limited is the company the site names as its operator, and it is the entity a client contracts with. GRAND MARKETS PTY LTD shares the brand but not the registration, and the two are different legal persons. Company registration is also not financial regulation: an incorporation record shows that a company exists and says nothing about whether it may take retail trading business. The Comoros company's registration, number 15998, is confirmed on the Anjouan Offshore Finance Authority's register.

Is GRAND MARKETS Safe?

GRAND MARKETS carries no confirmed onshore regulation, and that is the most important consideration for a prospective client. The site advertises segregated client funds, client trading protection and 3D Secure card processing, which are the broker's own statements rather than arrangements verified here. Against them sit an offshore operating company, leverage of up to 1:1000 that is far above what onshore regimes allow retail clients, and the absence of any investor compensation scheme named on the site. A published licence number is not in itself evidence of safety.

GRAND MARKETS Account Types

Three tiers are published, and they differ in pricing rather than in access:

  • Standard Account: from 10 USD, leverage up to 1:1000, no commission.
  • ECN Account: from 10 USD, leverage up to 1:1000, commission of up to 7 USD per lot.
  • Cent Account: from 10 USD, leverage up to 1:1000, no commission.

Because all three share the same 10 USD entry and the same leverage ceiling, the choice between them turns on whether a trader prefers commission free pricing or the ECN tier's per lot commission.

GRAND MARKETS Spreads, Commissions and Fees

The accounts page gives an average spread of 1.6 pips on the Standard and Cent accounts, and spreads from 0.0 pips on ECN. Commission applies on the ECN tier only, at up to 7 USD per lot. On funding, the broker states that it covers third party transaction charges and takes no withdrawal fee of its own, while its client agreement places bank charges and currency conversion costs on the client, so a transfer can still cost money that the broker is not itself charging.

GRAND MARKETS Leverage

Leverage runs to 1:1000, and the same ceiling applies on all three tiers. That is many times what onshore regulators permit for retail clients, and it follows from contracting with the offshore entity.

GRAND MARKETS Trading Platforms

GRAND MARKETS runs MetaTrader 4 and MetaTrader 5, each with broker branded installers for Windows and macOS and apps for iOS and Android. The site's platform menu also lists TradingView, but its TradingView page says only that Grand Markets has applied to integrate TradingView charts, and the broker distributes its own GrandMarkets mobile app through the App Store, Google Play and a direct Android package hosted on its own download domain.

GRAND MARKETS Deposits and Withdrawals

The funding channels recorded for GRAND MARKETS are card payments on Visa and Mastercard, processed with 3D Secure, and bank transfer. The broker states that standard processing takes 30 minutes to 3 hours depending on the method, and separately advertises instant automated withdrawals, so both claims appear on its own pages. It publishes no per method minimum, maximum or timescale, so a prospective client should expect the applicable limits to be the ones shown inside the client area rather than on the public site.

GRAND MARKETS Support

Support is offered by live chat and by email at support@grandmarkets.com. The home page advertises 24/7 multilingual customer support, while the contact page describes the online chat service as 5 × 16, that is 16 hours a day, five days a week. Email replies are promised within 24 hours, and no support telephone number is published.

GRAND MARKETS Pros and Cons

Strengths. A 10 USD entry on every tier; a commission free option alongside an ECN tier at up to 7 USD per lot; MetaTrader 4 and MetaTrader 5 with broker branded desktop and mobile builds; and a stated no fee policy on the broker's own side of a withdrawal.

Limitations. An offshore operating company whose Australian licence covers wholesale clients only; leverage of up to 1:1000 and the risk that carries; no per method funding limits; and no telephone contact.

GRAND MARKETS Review and Assessment

GRAND MARKETS presents a low barrier to entry and a conventional MetaTrader offering, with clearly stated pricing across its three tiers. The decisive question for a prospective client is the counterparty rather than the trading conditions: the company named as the website's operator is registered in the Union of Comoros, its single published licence is an offshore one, confirmed on the Anjouan register but backed by no compensation scheme, and the Australian company sharing the brand is a different legal person. Anyone considering an account should weigh the 10 USD entry and 1:1000 leverage against the absence of onshore supervision for retail clients, and should read the broker's user agreement and risk disclosure before funding. GRAND MARKETS also states that it does not serve residents of a number of jurisdictions, including the United States, Canada, the United Kingdom and New Zealand among others.

Website archive
Captured

Website snapshots

8 full-page captures of GRAND MARKETS's own site, archived so what they said can still be read after the pages change.

8 pages
Homepage
Regulation & Customer Protection
User Agreement
Risk Disclosure
Account Types
Deposits & Withdrawals
Contact & Support
Fees & Commission
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check
Checked

Regulatory Licenses

GRAND MARKETS holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

3 of 3 checked
Licences on record
3
Confirmed on register
3
Tier 1 or 2
1
Offshore
1

WIKILIX

Licence intelligence

The strongest of 3 licences on file

Licence Verification Record

Australia Securities & Investment Commission 554475

Wikilix read the ASIC register on Oct 8, 2026. This is what it said.

Name on the register
Grand Markets Pty Ltd (ACN 672 887 099)
Jurisdiction
Australia flagAustralia
Authority strength
Tier 1
Register status
Active, wholesale clients only, does not cover the retail business
Effective
Oct 7, 2024
Shown on the GRAND MARKETS website
Shown

Checked Oct 8, 2026

What our check found

Australian financial services licence 554475, held by Grand Markets Pty Ltd, ACN 672 887 099, since 7 October 2024. Its conditions restrict advice and dealing in derivatives and foreign exchange contracts to hedging and risk management, and restrict market making in those products to wholesale clients. It does not authorise a retail CFD business, and the licence holder is not the entity that takes client deposits. Client protection: None for a retail client of this brand. The authorisation covers wholesale clients only and sits in a different company from the one on the client agreement. Effective: 7 Oct 2024.

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Negative balance protection
  • Complaints routeAFCA
  • Maximum leverage1:28

These are the rules ASIC sets for the firms it licenses. They are not a statement about how GRAND MARKETS applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

3 account types on record. Minimum deposit from USD 10. Leverage up to 1:1000.

3 account types
AccountMin DepositMax LeverageCommission
Standard AccountStandardUSD 101:1000No commission
ECN AccountECNUSD 101:1000Up to $7 per lot
Cent AccountCentUSD 101:1000No commission
Account names and conditions as published by GRAND MARKETS, recorded by Wikilix.
Client acceptance

Country availability

Where GRAND MARKETS says it will and won't take clients

15 countries

Confirmed blocked

Named in the broker's own terms

USUnited StatesCACanadaILIsraelNZNew ZealandIRIranKPNorth KoreaGBUnited KingdomRURussiaBYBelarusPRPuerto RicoGUGuamVIVirgin Islands (U.S.)
Show 3 more
ASAmerican SamoaMPNorthern Mariana IslandsUMUnited States Minor Outlying Islands
How we know — 8 sources
  1. 1The refused countries come from two of the broker's sources that agree. Its standing site-wide disclaimer reads: "We do not offer services to residents of certain jurisdictions, including but not limited to the United States, Canada, Israel, New Zealand, Iran, North Korea (Democratic People's Republic of Korea), the United Kingdom, Russia, Belarus, and other regions where such distribution or use is prohibited by local laws or regulations." (https://www.grandmarkets.com/en-US). The same nine jurisdictions appear as ISO codes in the restricted-country set the client portal's registration flow enforces (https://my.grandmarkets.com/auth/register).
  2. 2The registration flow is what controls onboarding, and its restricted list holds six places the published disclaimer does not name, all United States dependent territories: Puerto Rico, Guam, the US Virgin Islands, American Samoa, the Northern Mariana Islands and the US Minor Outlying Islands. They count as confirmed refusals in their own right, because the broker's onboarding list names each one explicitly.
  3. 3Registration enforcement detail: the flow matches the client's declared country or region of residence against a fifteen-code restricted set and returns a blocked result reading "We are unable to provide services in your country or region due to regulatory requirements. Please contact support if you have any questions." Four of the fifteen (the United States, North Korea, Russia and the US Minor Outlying Islands) are also missing from the registration country selector altogether (https://my.grandmarkets.com/auth/register).
  4. 4No jurisdiction is listed as probably refused. The two category wordings the site uses name no country: the disclaimer's "other regions where such distribution or use is prohibited by local laws or regulations" (https://www.grandmarkets.com/en-US), and the anti-money-laundering policy's treatment of clients who "are based in or operate through high-risk jurisdictions" as grounds for enhanced due diligence with a discretionary right to refuse, which names no state (https://www.grandmarkets.com/en-US/gm/aml-ctf-policy).
  5. 5No country is shown as accepted. The site publishes no accepted-countries page, and the registration country selector is a full world catalogue of roughly 245 entries rather than a closed accepted list, so it expresses no affirmative acceptance of any jurisdiction.
  6. 6Iran rests on the broker's own site-wide disclaimer, which names Iran among the jurisdictions it does not serve (https://www.grandmarkets.com/en-US), and on the IR entry in the registration flow's restricted set (https://my.grandmarkets.com/auth/register). The broker publishes sixteen language variants and none of them is Persian, and no page on its domains mentions Iranian rial or toman funding rails.
  7. 7The client agreement and the risk disclosure carry no territorial eligibility clause at all, and neither names a country or a restricted jurisdiction (https://www.grandmarkets.com/en-US/gm/user-agreement, https://www.grandmarkets.com/en-US/gm/risk-disclosure). The footer disclaimer is the only published prose statement of country policy on the site.
  8. 8The same nine-jurisdiction disclaimer appears unchanged in all sixteen published language variants, including the Russian-language variant, which names Russia among the jurisdictions not served.
Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check GRAND MARKETS's own terms before you open an account.
Deposits & withdrawals

Funding Methods

2 ways to fund an account. 2 with no deposit fee.

2 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Visa, MastercardCredit Card
The deposits and withdrawals page names Visa and Mastercard under its 3D Secure section, and the customer protection page extends 3D Secure to debit cards; both pages state the broker covers third-party transaction fees and charges no withdrawal fee. The site says standard processing takes 30 minutes to 3 hours depending on the method, without a card-specific time, so no card time is recorded; the same pages also advertise instant automated withdrawals. The site publishes no per-method limits and directs clients to the options shown in their account area. The client agreement places all bank fees and currency conversion charges on the client, which qualifies the fee-free claim.
FreeFreeNot recordedNot recorded Not recordedNot recorded
Bank TransferBank Transfer
Kept as a bank-routed funding channel on the strength of the client agreement, which charges all bank fees and currency conversion costs on deposits and withdrawals to the client, alongside the broker's statements that client money is held with regulated banking partners. The broker's own fee is recorded as zero because the charges it describes are third-party bank charges. No page on the site publishes a bank transfer limit or timescale, so none is recorded. International wire transfers may incur fees from intermediary banks.
FreeFreeNot recordedNot recorded Not recordedNot recorded
Fees, limits and processing times as published by GRAND MARKETS, recorded by Wikilix.
Trading software

Trading Platforms

3 trading platforms on record: MetaTrader 4, MetaTrader 5 and Proprietary platform.

3 platforms
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    Windows and macOS terminals plus iOS and Android apps. The Windows installer is broker-branded and the mobile builds are preset to the GrandMarkets demo and live servers.

    Runs on

    • Windows
    • Mac
    • Android
    • iOS
    Download
    Details
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    Windows and macOS terminals plus iOS and Android apps, including a direct Android APK. The Windows installer is broker-branded and the mobile builds are preset to the GrandMarkets MT5 live server.

    Runs on

    • Windows
    • Mac
    • Android
    • iOS
    Download
    Details
  • Proprietary platform

    Proprietary platform

    The Grand Markets Trading App for iOS and Android, also offered as a direct Android package: manage live and demo accounts, place, adjust or close orders, and deposit or withdraw.

    Runs on

    • Android
    • iOS
    Download
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

3 domains on record. 2 active.

3 domains
  • grandmarkets.comMain siteActiveHTTPS
  • my.grandmarkets.comClient portalHTTPS
  • download.grandmarkets.comActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

7 official channels on record.

7 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

3 legal entities behind the GRAND MARKETS brand.

3 entities
  • Grand Markets LimitedActiveComoros flagComoros
  • GRAND MARKETS GROUP PTY LTDActiveAustralia flagAustraliaRegistration 682086139Established Nov 5, 2024Australian company ACN 682 086 139, registered on 5 November 2024. It was called Grand Markets Pty Ltd until 23 July 2026, when it took its current name. It does not hold the ASIC licence.
  • GRAND MARKETS PTY LTDActiveAustralia flagAustraliaRegistration 672887099Established Nov 13, 2023Australian company ACN 672 887 099, registered on 13 November 2023 as Currency Overlay Partners Pty Ltd, later Grand Markets Australia Pty Ltd, and named Grand Markets Pty Ltd since 23 July 2026. It holds ASIC licence 554475, for wholesale clients only.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is Grand Markets Ltd. Registered in Comoros. Registration number 15998.

Verified on registry
Legal entity
Grand Markets Ltd
Registration number
15998
Jurisdiction
Comoros
Incorporated
Dec 6, 2024
Registry
Anjouan Offshore Finance Authority register of international business companies and international licences
Registered address
Hamchaku, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros
Frequently Asked Questions

Frequently Asked Questions

Common questions about GRAND MARKETS

Most Popular Questions

Grand Markets offers forex, commodities, indices and cryptocurrency CFDs. Its own material names major, non USD and selected cross currency pairs, gold, silver and crude oil among commodities, major global indices, and mainstream digital assets such as Bitcoin and Ethereum. The broker publishes no count of the instruments available in each class, so the exact size of its product range cannot be stated.

By live chat on its website and by email at support@grandmarkets.com. The home page advertises 24/7 multilingual customer support, while the contact page describes the online chat service as 5 × 16, that is 16 hours a day, five days a week. Email replies are promised within 24 hours. No support telephone number is published.

Grand Markets states that it charges no withdrawal fee of its own and that it covers third party transaction charges. Its client agreement qualifies that: bank charges and currency conversion costs on both deposits and withdrawals fall on the client, so a withdrawal can still cost money the broker is not itself charging. No withdrawal fee is recorded against either of its funding channels.

The broker states that standard processing takes 30 minutes to 3 hours depending on the method, and separately advertises instant automated withdrawals, so both claims appear on its own pages. Bank transfers are the slower channel and the site publishes no timescale for them. A client should expect the applicable timings and limits to be the ones shown inside the client area.

Grand Markets states that it does not offer services to residents of the United States, Canada, Israel, New Zealand, Iran, North Korea, the United Kingdom, Russia and Belarus, among other regions where local law prohibits it. Its registration process also blocks the United States dependent territories, including Puerto Rico, Guam, the US Virgin Islands, American Samoa, the Northern Mariana Islands and the US Minor Outlying Islands. The broker publishes no list of countries it affirmatively accepts.

The website states that it is operated through Grand Markets Limited, a company registered in the Union of Comoros with its registered office at Hamchaku, Mutsamudu, on the Autonomous Island of Anjouan. That company, number 15998, incorporated on 6 December 2024, is confirmed on the Anjouan Offshore Finance Authority's register. Two Australian companies carry the brand: Grand Markets Pty Ltd, ACN 672 887 099, registered on 13 November 2023, which holds the ASIC licence, and Grand Markets Group Pty Ltd, ACN 682 086 139, registered on 5 November 2024, which was called Grand Markets Pty Ltd until 23 July 2026. A company registration is not the same thing as a financial licence.

Cost depends on the tier: the ECN account charges commission of up to 7 USD per lot, while the Standard and Cent accounts are commission free and priced through the spread. The accounts page gives an average spread of 1.6 pips on the Standard and Cent accounts, and spreads from 0.0 pips on ECN. No deposit or withdrawal fee is charged by the broker itself, although its client agreement places bank fees and currency conversion charges on deposits and withdrawals on the client (clause 11.3).

Grand Markets opens all three of its accounts from 10 USD. The Standard, ECN and Cent tiers share the same 10 USD entry, so the minimum deposit does not depend on which one a client chooses. The broker does not publish a minimum for each individual payment method, so the amount a card or bank transfer will accept may differ from the account minimum.

Grand Markets offers leverage of up to 1:1000. The same ceiling applies on all three of its account tiers, Standard, ECN and Cent, so leverage does not vary between them. A ratio of 1:1000 is many times what onshore regulators permit for retail clients, and it is available because the company clients contract with is registered offshore in the Union of Comoros.

Grand Markets records two funding channels: card payments on Visa and Mastercard, processed with 3D Secure, and bank transfer. The broker states that it covers third party transaction charges and takes no withdrawal fee of its own, although its client agreement places bank charges and currency conversion costs on the client. The site publishes no minimum, maximum or timescale for each individual method, so the applicable limits are the ones shown inside the client area.

Grand Markets offers both MetaTrader 4 and MetaTrader 5. Each comes as a broker branded installer for Windows and macOS and as an app for iOS and Android, and the broker also distributes its own GrandMarkets mobile app through the App Store, Google Play and a direct Android package on its own download domain. Its platform menu also lists TradingView, but the TradingView page says only that Grand Markets has applied to integrate TradingView charts, so it is not available yet.

Offshore, with one onshore licence for wholesale clients only. Grand Markets Limited, the Comoros company clients contract with, holds Anjouan licence L15998/GML, confirmed on the Anjouan Offshore Finance Authority's register; Anjouan runs no investor compensation scheme. A separate Australian company, Grand Markets Pty Ltd (ACN 672 887 099), holds ASIC licence 554475, confirmed on ASIC's register, but that licence is limited to wholesale clients and does not cover the retail business. The Mauritius FSC register also lists an Investment Dealer named GRAND MARKETS, a licence the broker does not mention. Leverage of up to 1:1000 is well above what onshore regimes allow retail clients.

Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.

Comments

Share your thoughts and experiences with GRAND MARKETS