Wikilix
Contract reading

What GrandCapital legally published, but does not want you to read

Every clause below is published by GrandCapital itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Grand Capital Limited

hidden feesole discretionwithdrawalsprofit voidingcountry restrictiondeemed acceptancedormancyforum waiverjoint liabilitykyc freeze

Leave a Grand Capital account alone for three months and the contract lets the firm charge $300 a month to hold it. At 18 months it can give what is left to charity. Take money out by a different route than you put it in, without trading, and the withdrawal fee is 30%, not the 5% the published fee table shows. You get two working days to complain about a trade.

Back to GrandCapital

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
19
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
23
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 19 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning10
Notice3

section 45 of 52is where the deepest clause sits, 87% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$300Fee on an unused account. Jump to the clause this comes from.Idle accounts cost $300 a month, then go to charityCritical30%Fee you were not shown. Jump to the clause this comes from.A 30% withdrawal fee the fee table never mentionsCritical2 working daysTime to complain. Jump to the clause this comes from.Two working days to complain about a trade100%Bonus requirement. Jump to the clause this comes from.Any withdrawal cancels the whole bonus

What the documents say

19 clauses worth knowing about, worst first, each quoted from GrandCapital's own files

01

Stop trading for three months and Grand Capital can charge you $300 for every month the account sits there, under clause 5.14.3. Stay away for 18 months and clause 5.14.2 lets it take what is left and give it to charity.

Why this matters

This is not a fee that trims an idle balance, it is one that finishes it. A $1,000 account you forget about for four months has nothing left. You get no notice at any rung of this ladder.

Exhibit 1CriticalRarely seen$300

If there is no activity on the client account during a 3-month period, the Company has the right to charge a commission for account maintenance in amount of 300 USD per each month of inactivity.
Clause 5.14.3 in Client agreement, p.6
Read from the broker's site on Open the reference

Where it sits: section 36 of 75 in the Client agreement, 48% of the way through.

What it costsA $1,000 balance covers three monthly charges and leaves $100. The fourth charge is more than the account holds.

Our readingCharging for a dormant account is ordinary and usually costs a few dollars a month. $300 a month is larger than many retail balances, so this clause does not maintain an idle account, it empties one within months.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
After 2 monthsGrand Capital can move your account to the archive, keeping the funds in full.5.14
After 3 monthsA $300 charge can start for every month of inactivity.5.14.3
After 18 monthsGrand Capital can take the money out of the account and send it to charity.5.14.2
  • Worse together with Exhibit 12Asking for your deposit back does not escape the charge, because the refund policy deducts these same inactivity fees from what it pays you.
02

Put money in by one payment method and take it out by another, without trading in between, and clause 3.6 of the non-trading regulation charges you 30%, with a floor of $50. The published fee table on the deposits page tops out at 5% plus $1.

Why this matters

You can trigger this by changing your mind. Deposit, decide not to trade, then ask for your money back by another route or in another currency, and almost a third of it stays with Grand Capital.

Exhibit 2CriticalRarely seen30%

In case of funds being deposited by one payment system and withdrawn by another, and/or in a different currency, if a client's account doesn't have any trading operations, the fee for withdrawal will amount to 30%, but not less than 50 USD.
Clause 3.6 in Regulation of procession and effectuation of non-trading transactions, p.4
Read from the broker's site on Open the reference

What it costsA $1,000 deposit withdrawn this way loses $300. You get $700 back without ever having placed a trade.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the costs and charges of a service before they trade. This fee sits in a separate regulation and does not appear on the page where Grand Capital lists its withdrawal fees.

GrandCapital is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingBrokers commonly charge a few percent to cover a payment provider, and commonly refuse a route mismatch outright. A 30% charge is far above any processing cost, so it works as a penalty for withdrawing rather than as a fee.

  • Worse together with Exhibit 7Grand Capital picks the route your profit leaves by, so the mismatch that triggers this fee is not always yours to avoid.
03

If Grand Capital decides your conduct caused it real damage, clause 5.11.1 lets it take the money back itself. It needs no permission and does not have to tell you. It can also take it from the accounts of other people it treats as acting jointly with you.

Why this matters

Grand Capital decides whether there was damage, how much, and whose accounts pay for it. The clause says that choice is made at its discretion, so a balance you never disputed can fall without warning.

Exhibit 3CriticalRarely seen

The methodology for assessing the activities of the Client (Clients) and other persons acting together with him, for the presence of damage to the Company, jointly simultaneously for all Clients and accounts, or separately for each account, is applied at the discretion of the Company.
Clause 5.11.1 in Client agreement, p.6
Read from the broker's site on Open the reference

Where it sits: section 33 of 75 in the Client agreement, 44% of the way through.

Our readingA firm helping itself to a client's balance without asking is unusual on its own. Extending it to other people's accounts, on a loss the firm sizes itself, turns a contract between you and the broker into a claim against anyone it decides was acting with you.

  • Worse together with Exhibit 11One clause reaches into an account the firm says owes it, the other reaches a service fee out of an account belonging to somebody else.
  • Worse together with Exhibit 4Money can go with no notice, and the window to object to what happened on the account is two working days.
04

The trading regulations give you two working days to bring a claim, counted from when the grounds arose rather than from when you noticed. The client agreement says 20 days, but each regulation states that it overrides the client agreement where the two disagree.

Why this matters

A trade that goes wrong on a Friday can be out of time by Tuesday. If you are away for a week, the complaint is gone before you open the platform. Grand Capital then has up to 20 working days to answer the ones you do file in time.

Exhibit 4CriticalHarder than usual2 working days

Claims must be submitted within two working days from the date of the occurrence of grounds for such claims.
Clause 17.1 in Regulation of procession and effectuation of trading transactions for CFD contracts, p.11
Read from the broker's site on Open the reference
Our own capture of grandcapital.net, taken on Sep 12, 2026The claim, on Title of the Regulations page, shown in the browser tab and in search results; the page itself names only MISA and never mentions the Financial CommissionThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Buried at section 45 of 52 in the Regulation of procession and effectuation of trading transactions for CFD contracts, 87% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept and investigate a retail complaint and point the client to an independent scheme, with the response clock running on the firm. Here the short deadline runs on you instead.

GrandCapital is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 5Grand Capital can cancel a completed trade and wipe its result, and the window to challenge that runs from the day it happened.
05

Grand Capital's Regulations page promises protection of client capital in segregated accounts with top-tier international banks. Clause 2.15 of the client agreement says your deposits and withdrawals run through payment systems and bank details belonging to the company, its agents, or individuals.

Why this matters

Segregation is what keeps your money yours if the firm fails. No document in this set uses the word, names a bank, or promises to hold client money apart from company money.

Exhibit 6CriticalHarder than usual

The Company processes funds deposit/withdrawal based on requests for non-trading operations submitted via the PO or other services in accordance with relevant Regulations using payment systems and bank details belonging either to the Company or its authorized agents, individuals or legal entities.
Clause 2.15 in Client agreement, p.3
Read from the broker's site on Open the reference

Where it sits: section 18 of 75 in the Client agreement, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in separately designated client accounts, kept apart from the firm's own funds. This contract describes client funds moving through accounts belonging to the company and to individuals.

GrandCapital is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Grand Capital can reverse a trade and take the balance itself

Three clauses let Grand Capital reach into money you already hold. Clause 5.6 cancels a completed operation and wipes its financial result. Clause 5.11.1 debits your account, and the accounts of people it says acted with you, for damage it measures itself. The Investment portfolio terms reach a fee out of an affiliated person's account.

Money already earned2 clauses flagged

Clause 5.6 lets Grand Capital undo an operation it has already carried out, and cancel the financial result, if it later decides a rule was broken. The CFD regulation adds that it alone decides what a market price was.

Why this matters

A profit showing in your account is not settled. Grand Capital is the only source of quotes under these rules, so it judges the prices, decides they were wrong, and removes what you made on them.

Exhibit 5CriticalHarder than usual

If the Company executed a Client's request or application and then discovered that a condition of the respective Regulation was violated, the Company has the right to cancel the operation and/or nullify its financial result.
Clause 5.6 in Client agreement, p.5
Read from the broker's site on Open the reference

Where it sits: section 28 of 75 in the Client agreement, 37% of the way through.

  • Worse together with Exhibit 13The firm's own server log settles any argument about the price, and quotes from anywhere else are not considered.

If your account cannot cover a fee for the Investment portfolio service, clause 3.4 lets Grand Capital take it from another account of yours, or from the account of a person it treats as affiliated with you.

Why this matters

Somebody who never bought the portfolio can end up paying for it. The agreement never says what makes a person affiliated with you, and gives them no say before the money goes.

Exhibit 11WarningRarely seen

If there are not enough funds on the Client's account to pay the fee for using the Portfolio, transactions or any other commission, the commission may be deducted from another account of the Client or an account of person affiliated with the Client.
Clause 3.4 in "Investment portfolio" service agreement, p.2
Read from the broker's site on Open the reference

Our readingCross-account set-off against a third party is a corporate lending device that normally rests on a guarantee. Here it sits in a retail service agreement with no definition of who counts as affiliated and no consent from them.

Segregated accounts on the website, company accounts in the agreement

Grand Capital's Regulations page promises segregated accounts at top-tier international banks and global access with no geographical restrictions. Clause 2.15 of the client agreement runs client money through payment details belonging to the company, its agents or individuals, and clause 1.2 makes residents of six named places ineligible. No document in the set uses the word segregated.

Website against contract1 clause flagged

The Regulations page sells global market access without geographical restrictions. Clause 1.2 of the client agreement shuts out residents of Britain, Ireland, New Zealand, the United States, Russia and British Columbia, and the site footer bans a different set of 15 countries.

Why this matters

A reader in Britain or Ireland sees nothing on the website that stops them, then signs a contract saying they were never eligible. A reader in Spain or Germany has the opposite problem.

Exhibit 17WarningHarder than usual

The offer is intended for any legal entity or individual (exception is made for persons destitute of nationality, individuals under age of 18, legal entities and entities of any other legal structure established in compliance with the laws of Russian Federation, United States of America, Great Britain, New Zealand, British Columbia and located in Russian Federation, United States of America, Great Britain, Ireland, New Zealand, British Columbia; citizens and tax residents of Great Britain, United States of America, Ireland, New Zealand, British Columbia).
Clause 1.2 in Client agreement, p.2
Read from the broker's site on Open the reference

Where it sits: section 4 of 75 in the Client agreement, near the start.

The real fee schedule is not the one on the fee page

Grand Capital publishes a withdrawal fee table that tops out at 5% plus $1, while clause 3.6 of its non-trading regulation charges 30%, minimum $50, to anyone who deposits by one route and leaves by another without trading. The CFD regulation separately lets the firm widen spreads and add new charges with no notice and no consent, and swap free accounts carry commissions of up to $55 a lot from day one.

Cost disclosure2 clauses flagged

Clause 5.2 of the CFD regulation lets Grand Capital widen spreads whenever it chooses and bring in extra charges with no notice and no consent from you. The spread is the gap between the buy and sell price, and it is what a trade costs you.

Why this matters

The price of trading here is not fixed by anything you agreed to. Grand Capital can raise it while your positions are open, and the first you know of a new charge is the balance.

Exhibit 9WarningHarder than usual

The Company has the right to increase, decrease or fix spreads at its own discretion, as well as to introduce additional charges without prior notification or consent from the Client.
Clause 5.2 in Regulation of procession and effectuation of trading transactions for CFD contracts, p.4
Read from the broker's site on Open the reference

Where it sits: section 18 of 52 in the Regulation of procession and effectuation of trading transactions for CFD contracts, 35% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before they trade, and tell them when those costs change. This clause reserves the opposite position.

GrandCapital is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The Islamic account drops overnight swap charges and replaces them with a fixed commission of up to $55 a lot, charged from the first day you hold a position. Friday to Monday costs three times the daily rate.

Why this matters

A swap free account is not a free account. Hold one CFD bond lot over a weekend and the charge is $165 before the market has moved at all.

Exhibit 10WarningStandard wording$55

The commission is charged starting from the first day of holding the position.
Clause 4.3 in Islamic Accounts Supplementary Agreement, p.2
Read from the broker's site on Open the reference

What it costsOne CFD bond lot held from Friday to Monday is charged three times $55, which is $165.

Grand Capital picks the exit route, and the route sets the fee

Grand Capital can refuse to return your money by the method you deposited with, and can decide which of your payment systems a profit leaves through. That matters because a mismatch between the way money arrives and the way it leaves is exactly what triggers the 30% charge. The refund route closes 14 calendar days after the deposit.

Getting money out2 clauses flagged

Clause 3.1.4 lets Grand Capital refuse to pay you back through the method you deposited with and offer a bank transfer instead. Clause 3.7 lets it pick which of your payment systems your profit goes out through.

Why this matters

The route decides the fee. Since a mismatch between the way money came in and the way it goes out is what triggers the 30% charge, the choice that costs you most is not always yours.

Exhibit 7WarningHarder than usual

the Company has the right to refuse withdrawal by the system that was used for deposit of funds and to offer a bank transfer instead when withdrawing revenue from an account;
Clause 3.1.4 in Regulation of procession and effectuation of non-trading transactions, p.3
Read from the broker's site on Open the reference

You have 14 calendar days from the deposit to ask for it back, and only if the money has not been traded. Anything already charged for inactivity comes out of what you are refunded.

Why this matters

After two weeks the refund route is shut and you are left with the withdrawal rules instead. Bonuses credited to you are cancelled and deducted when a refund is processed.

Exhibit 12WarningHarder than usual14 days

The refund request must be made within 14 calendar days from the date of the deposit, provided that the funds have not been used in any trading operations.
Clause 2.2 in Refund Policy, p.2
Read from the broker's site on Open the reference

Withdrawing anything cancels the whole bonus

Under Grand Capital's Personal bonus, any withdrawal cancels 100% of the bonus on the account, and a transfer between your own accounts counts. The credited bonus never becomes yours, and it converts into real money at $2 for each full lot you open and close.

Bonus lock1 clause flagged

Under the Personal bonus, moving any money out kills 100% of the bonus on the account, including a transfer between your own accounts. Clause 7.2 says the credited bonus never becomes yours, and you convert it at $2 for each full lot you open and close.

Why this matters

The bonus props up your margin but you cannot keep it, and touching your own money removes all of it. Turning a $1,000 bonus into real money means trading 500 full lots first.

Exhibit 8WarningHarder than usual100%

The bonus is canceled upon any withdrawal of funds (including transfers to other accounts within the company). The amount of bonus cancellation equals 100% of the current bonus on the account.
Clause 6.2 in Personal bonus, p.4
Read from the broker's site on Open the reference

What it costsAt $2 a lot, converting a $1,000 bonus takes 500 full lots traded. One withdrawal before you finish cancels what is left of it.

The terms can change mid-trade, and service can stop without a reason

Grand Capital alters the agreement and the regulations on its own, and the changes take effect the moment they are published. Clause 13.2 applies them to positions already open. Clause 5.9 lets the firm suspend service at any time without notice and without giving a reason.

Changing the deal1 clause flagged

Grand Capital can alter the agreement and the regulations on its own, and clause 5.15 says the changes bite as soon as they are published. Clause 13.2 applies them to positions you already have open.

Why this matters

A rule you traded under can change while the trade is running. The contract also puts the duty to watch for those changes on you, and treats anything it sends as received the moment it is sent.

Exhibit 14WarningHarder than usual

The Company has the right to introduce alterations to the Agreement and Regulations on a unilateral basis. The alterations come into effect once they are published.
Clause 5.15 in Client agreement, p.6
Read from the broker's site on Open the reference

Where it sits: section 37 of 75 in the Client agreement, 49% of the way through.

A freeze with no deadline, and an investigation you pay for

Grand Capital can block an account until its own security service finishes an investigation, with no clause limiting how long that runs, and can debit the cost of that investigation from your trading account. Its privacy policy then says two different things about deletion: one paragraph keeps your data indefinitely, another promises to erase it.

Checks and records2 clauses flagged

Grand Capital can block your account until its security service finishes looking into you, and no clause puts a limit on how long that takes. If the review costs money, clause 4.5 lets it take those costs from your trading account.

Why this matters

You cannot withdraw until verification is complete, the firm decides what counts as suspicious on its own internal criteria, and the bill for checking you lands on your balance.

Exhibit 15WarningHarder than usual

If the origin of client funds is suspect and / or the means of a data sender and owner of a trading account are different, the company reserves the right to block the account of the client until the results of the investigation by Company Security Service.
Quoted in AML and KYC policy, p.2
Read from the broker's site on Open the reference

One paragraph of Grand Capital's privacy policy says it keeps the personal information you give it indefinitely. Another says data is kept only as long as necessary and then securely deleted, and a table lists your right to have it erased.

Why this matters

Your passport scan and bank statements sit under two rules that cannot both be true. Nothing in the document says which one the firm follows when you ask it to delete your file.

Exhibit 16NoticeHarder than usual

The Company keeps and uses personal information that Clients provide to the Company indefinitely.
Clause 3 in Privacy policy, p.2
Read from the broker's site on Open the reference

Grand Capital may be your counterparty and is the only price source

Grand Capital discloses in its risk statement that it may act as the counterparty to your trades, which is more than many offshore brokers admit. The ECN regulation then makes its quotes the only correct ones and refuses complaints that its prices differed from anywhere else.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Both sides of the trade1 clause flagged

Grand Capital states in its risk disclosure that it may act as the counterparty to your trades. The ECN regulation then says its quotes are the only correct ones, and complaints that its prices differed from anywhere else are not considered.

Why this matters

When the firm on the other side of your trade also sets the price and judges any dispute about it, you have no outside reference to point at.

Exhibit 13WarningHarder than usual

The Company may act as counterparty for the transactions with financial instruments, and that could lead to a conflict of interests.
Clause 2.9 in Risk disclosure, p.2
Read from the broker's site on Open the reference

Where it sits: section 26 of 48 in the Risk disclosure, 54% of the way through.

Seychelles courts only, plus a waiver of your immunity

Every dispute with Grand Capital goes to the courts of the Republic of Seychelles, and the client promises never to argue that those courts are inconvenient. Choosing the courts of the place of registration is ordinary. The clause beside it, in which the client gives up immunity from prosecution and from seizure of assets, is not.

Where you would sue1 clause flagged

Every dispute goes to the courts of the Republic of Seychelles, and you promise never to argue that those courts are inconvenient. Clause 9.4 also has you give up immunity from prosecution, court orders and seizure of your assets.

Why this matters

Suing this firm means doing it in the Seychelles, wherever you live. The contract also rules out any compensation for distress.

Exhibit 18NoticeRarely seen

consents that courts of the Republic of Seychelles have exclusive jurisdiction,which determines any
Clause 9.3.1 in Client agreement, p.9
Read from the broker's site on Open the reference

Buried at section 52 of 75 in the Client agreement, 69% of the way through.

Our readingChoosing the courts of the place a company is registered is ordinary. The immunity waiver beside it is drafting from sovereign and corporate lending, and has no ordinary purpose in a retail trading contract.

One brand, three different registration and licence numbers

The client agreement identifies Grand Capital Limited by company number 036046. The English site footer gives HT01124138 with a Mwali licence BFX2024219, and the Prop Trading terms give a Comoros licence BFX 2024213. Check which number belongs to the entity in your agreement before you deposit, and read the scam report for what those licences are worth.

Who you contract with1 clause flagged

The client agreement gives Grand Capital Limited the company number 036046. The English site footer gives HT01124138 and a Mwali brokerage licence BFX2024219. The Prop Trading terms give a Comoros licence BFX 2024213.

Why this matters

You cannot check a licence you cannot identify. Before depositing, confirm which number belongs to the entity named in the agreement you are signing.

Exhibit 19NoticeHarder than usual

Grand Capital Limited provides international electronic money brokerage services through access to the MetaQuotes platform. Grand Capital Limited holds a Comoros International Brokerage and Clearing House License No. BFX 2024213.
Clause 1.4 in Prop Trading Service regulation, p.2
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The website promises client money is held apart in named banks, while the contract routes it through the company's own payment details.

Said in public, in English

Protection of client capital in segregated accounts with top-tier international banks.

Regulations page, in the list of what the licence gives clients

In the contract · clause 2.15

The Company processes funds deposit/withdrawal based on requests for non-trading operations submitted via the PO or other services in accordance with relevant Regulations using payment systems and bank details belonging either to the Company or its authorized agents, individuals or legal entities.

02

The published fee table tops out at 5% plus $1, and the non-trading regulation charges 30% in a case the table never mentions.

Said in public, in English

Commission 5% + 1$

Withdrawals tab of the deposits and withdrawal page, bank card row, the highest fee in the published table

In the contract · clause 3.6

In case of funds being deposited by one payment system and withdrawn by another, and/or in a different currency, if a client's account doesn't have any trading operations, the fee for withdrawal will amount to 30%, but not less than 50 USD.

03

The page advertises access with no geographical restrictions, and the contract makes residents of six named places ineligible.

Said in public, in English

Global market access without geographical restrictions.

Regulations page, in the list of what the licence gives clients

In the contract · clause 1.2

The offer is intended for any legal entity or individual (exception is made for persons destitute of nationality, individuals under age of 18, legal entities and entities of any other legal structure established in compliance with the laws of Russian Federation, United States of America, Great Britain, New Zealand, British Columbia and located in Russian Federation, United States of America, Great Britain, Ireland, New Zealand, British Columbia; citizens and tax residents of Great Britain, United States of America, Ireland, New Zealand, British Columbia).

04

The homepage guarantees fund protection, and the contract lets the firm give an inactive client's balance away.

Said in public, in English

Make wealth with Grand Capital: low spreads, fast execution, and guaranteed fund protection.

Homepage, the Trade panel; the same sentence runs on the Russian and Persian versions of the site

In the contract · clause 5.14.2

In the absence of trading activity on the Client's account within 18 (eighteen) months the Company has the right to deduct the money from such an account and to direct them for charity purposes.

05

The page title claims membership of an independent dispute body that no document names, while the contract sends every dispute to Seychelles courts alone.

Said in public, in English

Grand Capital is an approved member of The Financial Commission

Title of the Regulations page, shown in the browser tab and in search results; the page itself names only MISA and never mentions the Financial Commission

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of grandcapital.net

In the contract · clause 9.3.1

consents that courts of the Republic of Seychelles have exclusive jurisdiction,which determines any

The documents this reading is based on

23 files, all published by GrandCapital. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording GrandCapital publishes.

How this reading was done

Every clause above was read out of a document GrandCapital publishes itself

This reading was published on .

Documents
20 of 23downloaded from the broker's site, and 20 read in full
Pages opened
25pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says
Position measured
10clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Grand Capital Limited

You contract with Grand Capital Limited, an International Business Company registered in the Seychelles at Office F2-2A, Second Floor, Oceanic House, Providence Estate, Mahe. The client agreement gives its company number as 036046, and disputes go to Seychelles courts alone. The identity gets harder to pin down from there. The English site footer gives a different registration number, HT01124138, and a Mwali brokerage licence numbered BFX2024219. The Prop Trading terms give a Comoros licence numbered BFX 2024213. The Russian language site footer gives 036046 and names no licence at all. Whether any of those numbers means supervision worth having is a question for the scam report, not this one.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Grand Capital puts negative balance protection in writing, in both trading regulations. If a forced close leaves your account below zero, it credits the account back to zero. Plenty of offshore brokers promise this in marketing only and never in the contract. It also publishes all 23 legal documents on one open page with no login, and its deposit page lists a fee, a currency and a timing for every payment method. Most of its competitors publish no fee table at all. The Credit bonus terms are fair on a point that usually goes the other way: losses stay limited to your own money, and the bonus itself cannot be lost by trading.

We could not read two of the 23 files. One is the Mwali licence certificate, which Grand Capital publishes as a scan. The other matters more. The main trading regulation, dated September 2025, is a 19 page file with no searchable text, so nothing here quotes the rules that govern Standard accounts. The Managed Accounts regulation came through too damaged to quote, so we have left it alone. No earlier copy of any of these documents is available, so this is a first reading with nothing to compare against. Every marketing claim quoted here comes from a page we opened ourselves.

How to check any of this yourself

Every quote above links to the GrandCapital file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document GrandCapital publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge GrandCapital on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 12, 2026.

If you represent GrandCapital and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on GrandCapital. Whether its licence is real and current is a separate check on the broker profile.

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