Company Name
Grand Markets Limited
Company Abbreviation
Grand Markets
Platform registered country and region
Comoros
Company website
Company summary
Pyramid scheme complaint
Expose
| Grand Markets Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Comoros |
| Regulation | ASCI, AOFA (Offshore regulated) |
| Market Instruments | Forex, commodities, cryptocurrencies, and stock indices |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | Average 1.6 pips (Standard account) |
| Trading Platform | MT4 |
| Minimum Deposit | $10 |
| Customer Support | 24/7 support, live chat, contact form |
| Regional Restrictions | the United States, Canada, Israel, New Zealand, Iran, North Korea (Democratic People's Republic of Korea), Brazil, the United Kingdom, Russia, Belarus |
Grand Markets Information
Grand Markets is a regulated global online trading platform that offers CFD trading services for multiple asset classes, including forex, cryptocurrencies, commodities, and stock indices. The platform supports MetaTrader 4 (MT4) on both desktop and mobile devices, making it suitable for traders seeking low-cost and multi-functional platforms, particularly for high-frequency forex trading and novice traders getting started.
Pros and Cons
| Pros | Cons |
| Regulated by ASIC | High cryptocurrency spreads (BTC/USD average 70 pips) |
| MT4 available | Regional restrictions |
| Demo accounts available | Offshore regulation risks |
| 24/7 multilingual customer support | |
| Low minimum deposit |
Is Grand Markets Legit?
The broker is regulated by the Anjouan Offshore Finance Authority (AOFA) and the Australian Securities & Investment Commission (ASIC), with license numbers L15998/GML and 001313699, respectively.
| Regulated Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
| Anjouan Offshore Finance Authority (AOFA) | Offshore Regulated | Grand Markets Ltd | Comoros | Retail Forex License | L15998/GML |
| Australia Securities and Investment Commission (ASIC) | Regulated | VSTAR FINANCE PTY LTD | Australia | Appointed Representative(AR) | 001313699 |
What Can I Trade on Grand Markets?
The platform offers over 50 CFD trading instruments, including Forex (50+ currency pairs), commodities, cryptocurrencies, and stock indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock indices | ✔ |
| Cryptocurrencies | ✔ |
| Options | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type & Fees
| Account Type | Standard | ECN | Cent |
| Minimum Deposit | $10 | ||
| Average Spread | 1.6 pips | From 0.0 pips | 1.6 pips |
| Commission | 0 | Up to $7 per lot | 0 |
Leverage
The platform offers a maximum leverage of 1:1000, applicable to all account types. However, exotic currency pairs (such as USDCNH) use fixed margin requirements, which are not affected by leverage adjustments.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop and Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Deposits support global and local payment methods (credit cards, bank transfers, etc.) with instant account funding (platform processing time is within minutes).
For withdrawals, the funds will arrive at the bank within 1-3 working days (varying by region and bank). It requires one-time password (OTP) verification, PCI DSS compliance, and segregated fund custody. There are no handling fees, and fund returns via the original channel are supported.
