GrandInvest offers both brokerage and investment services. Besides, the company helps beginners in trading with high-quality training, analytics, and trading signals. All in all, everything looks very attractive. Will the reviews confirm all the advantages of the broker? Or vice versa, will they reveal it as a scam?
- GrandInvest General Information
- Registration and Client Portal Review
- GrandInvest Trading Conditions
- Account Types Review
- Trading Platform
- GrandInvest — Deposit and Withdrawal of Funds
- Is GrandInvest a Scam?
- Legal Information and License
- Grandinvest.cc Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
GrandInvest General Information
|Address||Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines|
Registration and Client Portal Review
GrandInvest calls itself an international broker. However, the official website is only in English. At the same time, there is very little information about the company. Finally, the resource is simply inconvenient to use.
The main menu is in the footer. To go to the study of account types, you will have to scroll through the entire canvas of the main page. Let’s try creating an account right now.
You will need to fill out a short questionnaire. Please indicate:
- First and last name
- E-mail, password
- Phone number.
You can also enter a registration code if you have one. A quick login is available via Google or Facebook accounts.
Unfortunately, during the registration, we had several errors. The system was unable to register a new user.
At last, we managed to get into the client portal of GrandInvest. Here you can immediately deposit your account and start trading. On the right side of the screen, there are real-time trading signals. Not only the directions but also the goals are indicated here. By the way, there is also a demo account.
GrandInvest Trading Conditions
The broker offers 6 types of accounts to its clients. You can start with $250. However, only currency pairs will be available for the “Starting” type. To get all the instruments for trading, your deposit must be at least 15,000 dollars.
Account Types Review
It’s curious that in the relevant section, GrandInvest talks about 3 types of accounts. Directly below this sentence is a table with 6 accounts. Probably, the owners just stole the text description from someone else’s site.
|Name||Minimum Deposit, USD||Spreads||Assets|
|Silver||15,000||Average||Plus indices, crypto|
The size of the spreads is not specified, and the leverage is also unknown. Instead, GrandInvest mentions an Islamic account.
The broker also provides accruals to the account balance. True, you can get them only from the Silver tariff and beyond. The more money you have on deposit, the more interest you will get.
GrandInvest promised a downloadable desktop version and a mobile app. In fact, it turns out that the broker provides only a web terminal. It allows you to view signals, connect to a social trading platform, and even stream your results.
Speaking about the functionality for trading, the indicators in the terminal are clearly not enough. If there are a dozen, that’s fine. There are graphic tools, you can change the timeframe and the chart display.
GrandInvest — Deposit and Withdrawal of Funds
Standard payment methods are available for customers:
- Bank cards
- Bank transfer
- Crypto transfer.
The amount of commissions is unknown.
To pass KYC verification, you will need to verify:
- Your identity
- Place of residence
- Payment information.
GrandInvest accepts photos or scanned documents. You can upload them in your client portal.
Is GrandInvest a Scam?
We think that a global broker would probably not avoid any mention of itself and its history. However, this is exactly what you can see on the GrandInvest website. The company tries very hard to maintain anonymity and literally does not disclose any information about itself. Of course, this leads to suspicion.
Legal Information and License
The broker’s User Agreement states that the management company is Nexus LLC (Number REG 1070 LLC 2021). It is quite expected that it is registered in Saint Vincent and the Grenadines.
However, something strange happens next. In the official registry of the Grenadines, there is a company called Nexus Markets LLC. Its registration number is different from the one specified in the agreement. The REG 1070 LLC 2021 number does not have any legal entity. Consequently, GrandInvest lies about having any legal registration.
Grandinvest.cc Domain Info
The user agreement also states that the company was founded in 2021. The domain check confirms that the site was created on November 12, 2021. In March 2022, it was captured on the Internet Archive.
How can a company that has been working for less than a year claim to be a global broker?
The ways to contact GrandInvest are ridiculously scarce. You can only use an email or a feedback form. The project doesn’t even have a phone or live chat.
Pros and Cons
- Demo account.
- Registration problems.
- Lack of information about trading.
- Fictional legal entity.
- No license.
- Short working time.
- Few contacts.
Frequently Asked Questions (FAQ)
It calls itself a global broker and offers CFD trading.
The company allows trading with a minimum deposit of $250.
Definitely not. This is a danger to your wallet.