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GRAND MARKETS logo

GRAND MARKETS

Regulated
Comoros
,
Since 2022
Last Updated:
34/100
Overall Score

Trading Conditions

Min Deposit:
USD10
Max Leverage:
1000
Account Types
ECNCentStandard

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Visa, Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Bank Transfer

bank transfer
1 days
Fee:
Free
Fee:
Free

PayPal, Skrill, Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

GrabPay, FasaPay, POLi

other
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 35%, 2: License 12%, 3: Software 50%, 4: Spread 0%, 5: Account Type 36%, 6: Symbol 0%
Regulation
35%Poor
License
12%Poor
Software
50%Fair
Spread
0%Poor
Account Type
36%Poor
Symbol
0%Poor

Company Information

Full Name:Grand Markets Limited
Founded:2022
Headquarters:Comoros
Enterprise Offices:1offices

Customer Support

Phone:
Live Chat:
24/7
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

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

THE FOUNDATION

Many traders face challenges finding quality brokers in the ever-changing world of financial trading, whether they're novices or experienced. The rise of companies such as GRAND MARKETS has made it difficult for brokers to find solid, trustworthy companies to trade with. Through a series of trading solutions created to appeal to a wide range of investors, GRAND MARKETS has positioned itself as a strong source for traders to trade. Although there is little public information available about GRAND MARKETS, the financial services industry recognizes that the broker is working towards providing retail clients with easy access to trade the financial markets.

COMPANY BACKGROUND AND HISTORY

The available information about the history and developement of GRAND MARKETS is extremely limited. Therefore, all we can tell you is that GRAND MARKETS provides financial services and trading solutions to both retail and institutional clients. Based on what we have learned about the company through our ongoing interaction with them and other credible sources, it appears that GRAND MARKETS is a tech-centric trading company that strives to provide clients with access to the markets through a system that is easy and cost-effective to use.

Due to the lack of historical records related to GRAND MARKETS' activities, we cannot confirm their actual presence in the industry; however, their continued growth indicates that they are a solid, stable broker in the trading industry that serves a broad range of retail and institutional clients and has access to many different products in the financial markets.

KEY FEAURES AND SERVICES

GRAND MARKETS offers many different types of trading services to meet a variety of different investors with various trading preferences. GRAND MARKETS allows you to trade forex, commodities, equity indices, as well as possibly cryptocurrency. Specific asset classes offered and other details will be made available soon.

One of the best things about GRAND MARKETS is their technology platform which provides traders with fast execution speeds and user-friendly interfaces enabling them to execute their trades and manage their portfolios quickly.

Trading Platforms

While the exact trading platform options haven’t been explicitly outlined yet, they will most likely support popular platforms commonly used by brokers such as MT4 or MT5. Both MT4/MT5 are widely known for being the most robust platforms with the best charting abilities, automated trading functionality and are compatible across all devices.

Account Types

While detailed descriptions about the types of accounts that GRAND MARKETS currently provides have not yet been published, it’s customary for brokers to have a multitude of different tiers of accounts based upon your level of experience on trading and your needs as a trader (i.e., standard, premium and/or VIP accounts). Those tiers typically include leverage, spreads and minimum conditions.

Regulatory Compliance and Licensing

When evaluating any broker you must consider the level of regulatory compliance and oversight imposed on the broker. There is currently limited public knowledge regarding the regulatory licenses currently held by GRAND MARKETS which means that prospective customers need to complete additional due diligence if they choose to conduct business The following table summarizes the current information obtained from available data:

Regulatory Body

Number of Liscence

Current Position

Not much known about this info.

No Publicly Available Data

Trading Conditions And Technological Capabilities

Understanding trading conditions are necessary for evaluating the suitability of brokers. Although specific trading conditions for brokers are not sufficiently available to determine if GRAND MARKETS provides competitive trading conditions, it appears that they would likely have flexible leverage options and offer competitive spreads to provide access to various types of traders.

GRAND MARKETS is meant to have a technological infrastructure such as reliable execution of trades as well as providing stable platforms for trading. This can be critical to empowering traders to be successful; this can be especially important when traders are involved in very volatile markets.

Overviews of Trading Conditions:

Attribute

Description

Spread

Competitive Variable Spreads Beyond This Point Are Not Publicly Available.

Leverage

Competitive Flexible Leverage Ratios Are Not Publicly Available.

Minimum Deposit

No Publicly Available Data

Type of Execution

Market Execution and Rapid Order Processing.

Fee Structure

Fee Transparency is an important aspect of establishing the cost impact of trading on traders. The fee structure of GRAND MARKETS has limited information about the fees dealers will charge if they trade on the trader's behalf, but it is expected that GRAND MARKETS follow accepted industry standards by allowing traders to trade commission-free on some accounts and that the primary way they charge for their service will be through spreads. So traders can find out what the fee basis will be and any deposit or withdrawal fees associated with the account, would be responsible to confirm those fees directly with GRAND MARKETS.

These Are The Fees Associated With GRAND MARKETS:

Type of Fee

Description

Deposit Fee

Not Publicly Available

Withdrawal Fee

Not Publicly Available

Commission

Expected to be Commission-Free for Standard Accounts (Not Conclusively Verified).

Spread

Variable; Exact Amounts Unknown.

User Experience And Reputation Of Grand Market

Due to limited availability of public Reviews / Feedback, it has been difficult to provide a thorough overview of user experiences with Grand Market. The trading broker has made it clear there is a focus on providing a leading technology-based trading environment and trading conditions.

Prospective clients will need to undertake their own independent research and seek out specific testimonials to help assess the reliability, quality of customer service, and market standing of the broker in the Trading Community.

Recent Developments

Grand Market does not have publicly accessible information about any new developments that may have occurred, updates or any new innovations that may have been introduced to Grand Market; It is unclear if this means they have been in a steady operational condition; meaning no new major changes have occurred or there is a lack of media attention.

Traders interested in Grand Markets should keep track of all communications including public announcements for any future updates about developments or regulatory actions that may affect Grand Markets.

Conclusion

Grand Markets is a Broker that promotes itself as providing an easy to access broker that utilizes technology to provide clients with a trading service. General information about the broker’s history, regulatory status, fees, and types of accounts are not known; however, the broker’s products do typically comply with standard industry practices.

With the limited availability of published data, all prospective customers of Grand Markets should be very diligent and cautious before deciding to enter into business with Grand Markets. All customers should verify regulatory compliance, ascertain the fee implications, and determine the appropriateness of the trading platform for them to have a safe, and successful trading experience.

Regulation check

Regulatory Licenses

GRAND MARKETS is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
1
Offshore
1

How far our check got

  • 2 not yet checked
  • ASICTier 1AustraliaNo. 001313699

    What the register says

    Licence number
    001313699

    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.

    About Australia Securities & Investment Commission

    Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high
    Licences this authority issues
    AFSL – OTC Derivatives (Principal Dealer & Agency)
    Typical cost of this licence
    AUD 50000-100000+
    Open the full licence record
  • AOFATier 3OffshoreComorosRetail Forex LicenseNo. L15998/GML

    What the register says

    Licence number
    L15998/GML
    Type
    Retail Forex License

    Client protection under this licence

    • Compensation schemeNo deposit or investor protection scheme.
    • No complaints route
    • Maximum leverageUnlimited (no official cap)

    These are the rules AOFA 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.

    About Anjouan Offshore Finance Authority

    Offshore regulatorGovernment bodyCompensation: No deposit or investor protection scheme.No public registerTransparency: very low
    Typical cost of this licence
    Initial application fee $1,500–2,000; license fee $10k–15k; annual renewal $5k–7.5k; authorized capital ≥$50k
    Open the full licence record
Trading accounts
Updated

Account Types

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

3 account types
AccountMin DepositLeverageCommission
ECNUSD 101:1000Not recorded
CentUSD 101:1000Not recorded
StandardUSD 101:1000Not recorded
Account names and conditions as published by GRAND MARKETS, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

4 ways to fund an account. 4 with no deposit fee. 3 credit instantly.

4 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Visa, MastercardCredit Card
Banks and card issuers may apply conversion fees, service charges, or intermediary costs. Available in regions where Visa and Mastercard are accepted.
FreeFreeUSD 100USD 100USD 10,000Instant
Bank TransferBank Transfer
International wire transfers may incur fees from intermediary banks. Available in regions where bank transfers are supported.
FreeFreeUSD 100USD 100USD 50,0001 day
PayPal, Skrill, NetellerE-Wallet
E-wallet fees may apply (1–2%). Availability depends on regional support for each e-wallet.
FreeFreeUSD 50USD 50USD 10,000Instant
GrabPay, FasaPay, POLiOtherLocal fees may apply. Designed for specific regional users.FreeFreeUSD 10Not recordedNot recordedInstant
Fees, limits and processing times as published by GRAND MARKETS, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the GRAND MARKETS brand.

1 entity
  • GRAND MARKETS PTY LTDActiveAustraliaRegistration 682086139Established May 20, 2020
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

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