spreads, leverage, minimum deposit, comment revealed from Grandefex

General information

our review of Grandefex have found nothing good to say about this unregulated broker. Operating out of the offshore paradise of Dominica, they use deposit bonuses with strict terms and conditions to hold customer withdrawals. even without this, their offerings are mostly mediocre, with an uncomplicated asset selection with unfavorable spreads.

the company Grandefex It is not regulated at all. its parent company, Soleil Rouge Inc It's in Dominica. This is a typical haven for brokers trying to avoid strict rules from financial regulators. investors who opt for the trading platform of Grandefex They have no protections or guarantees. the broker can do what he wants with his funds, without a regulator to control them.

the broker is not an unregulated offshore broker. there are specific warnings against them. The UK FCA has issued a warning, stating that the broker is not licensed to offer services there. it is clear that Grandefex he has already scammed some UK residents. our review of Grandefex found an additional warning from the Spanish cnmv, similarly trying to keep local investors safe from this broker.

Market Instrument

Forex, raw materials, indices, shares.

Minimum Deposit

to register in Grandefex You must deposit at least 250 eur.

Leverage

the maximum leverage available in Grandefex It is 1:100. Still, as higher leverage increases the risk of your trades, we advise you to use it with caution.

Commercial Platform

GrandefexIt offers traders a browser-based online trading platform, not an mt4/mt5 trading platform.

deposit and withdrawal

Grandefexallows traders to deposit and withdraw funds from their investment accounts via bank transfer, visa, mastercard and maestro only. the minimum deposit for bank transfers is 500 eur/gbp. compared to other payment methods offered by other brokers, Grandefex supports fewer deposit and withdrawal options.

Advantages and disadvantages

the advantages of Grandefex include :

1. Three trading accounts available

the disadvantages of Grandefex include :

1. No regulation

2. Less variety of traded assets

3. No information on spreads and commissions

4. Non-MT4/MT5 Trading Platform

5. Five language versions on the website only

6. Fewer deposit and withdrawal options

Comments or Opinions

With the information we have so far, the comments and reviews, evaluations and criticisms of users and traders, our opinion is that it seems like a broker with which we have to be careful. why? is it an unregulated broker, is it based in unsafe countries (dominica), when looking for information about Grandefex We found a lot of negative comments.