Grand Trade Exchange is an offshore Forex broker that is owned and operated by Grand Marshall LTD.
This brokers mailing address is: Trust Company Complex, Ajeltake Island, Majuro MH96960, Marshall Islands. Contact phone number from England is: +44 203 808 9575, and their email address is: [email protected]. Official website is: https://grandtrade.exchange/.
For withdrawal issues or broker complaints, read this.
Grand Trade Exchange Review
The trading software that Grand Trade Exchange uses is made by Leverate and called Sirix. It is available as a web-based version or you can download the mobile apps for Android and Apple devices. They also offer investors the standard MetaTrader4 trading platform.
Grand Trade lists a wide variety of underlying assets for CFD trading including; Major and Minor Forex Pairs, Market Indexes, Shares, Commodities, Crypto Currency and Metals. The minimum deposit requirement for a new trading account is not mentioned on their site, but with VoguePay you can deposit only $100. This broker offers your Bonus Money, which sounds very appealing, but leads to many complaints by new investors who do not understand how it works, read this.
Automated trading robots are very popular now, and that is how we ended up finding this broker. You should know, that most of the trading robot are proven scams. If you are interested in using a trading robot, look at the popular systems listed here.
Does Grand Trade Have a License?
No, Grand Trade Exchange is located in the Marshall Islands, which means they are an offshore broker.
The way a sophisticated investors researches their online broker, is by checking for a valid brokerage firm license. And the reason for that, is in the event that the broker goes out of business, their money is protected by the government. There are many licensed Forex brokers who you can trade with, see below. In the United Kingdom, Forex brokers are licensed and regulated by the FCA, and in Australia by ASIC.
Comparing Your Forex Broker
Smart investors always try out a few different Forex brokers, before choosing their broker.
CMTrading is a popular broker that is licensed and regulated in South Africa by the FSCA, look here.
They are also using the Sirix trading platform. Start with a Free Demo Account at: CMTrading.com.
What was your experience investing at Grand Trade Exchange? Please share your experience with others, in the comments section below.