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Grand Markets-Some important Details about This Broker

WikiFX | 2025-06-13 16:44

Abstract: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.

Grand Markets Review Summary
Founded2015
Registered Country/RegionComoros
RegulationASCI, AOFA (Offshore regulated)
Market InstrumentsForex, commodities, cryptocurrencies, and stock indices
Demo Account✅
LeverageUp to 1:1000
SpreadAverage 1.6 pips (Standard account)
Trading PlatformMT4
Minimum Deposit$10
Customer Support24/7 support, live chat, contact form
Regional Restrictionsthe 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.

Grand Markets Information

Pros and Cons

Pros Cons
Regulated by ASICHigh cryptocurrency spreads (BTC/USD average 70 pips)
MT4 availableRegional restrictions
Demo accounts availableOffshore 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 AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Anjouan Offshore Finance Authority (AOFA)Offshore RegulatedGrand Markets LtdComorosRetail Forex LicenseL15998/GML
Australia Securities and Investment Commission (ASIC)RegulatedVSTAR FINANCE PTY LTDAustraliaAppointed Representative(AR)001313699
license
license

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❌
assets

Account Type & Fees

Account TypeStandard ECNCent
Minimum Deposit$10
Average Spread1.6 pipsFrom 0.0 pips1.6 pips
Commission0Up to $7 per lot0
For the Standard account, the average spread for major currency pairs (such as EUR/USD) is 1.6 pips, while the ECN account offers spreads as low as 0 pips. Only the ECN account charges a maximum commission of $7 per lot. Most instruments (such as major currency pairs and cryptocurrencies) have no overnight interest.
Account Type

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 PlatformSupported Available Devices Suitable for
MT4✔Desktop and MobileBeginners
MT5❌/Experienced traders
Trading Platform

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.

Deposit and Withdrawal
LeverageBrokerDealerForex tradingForex Broker

Related broker

Regulated
GRAND MARKETS
Company name:Grand Markets Limited
Score
8.17
5-10 years | Regulated in Comoros | Forex Trading License (EP) | MT4 Full License
Score
8.17

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