how grand capital steals money

[Grand Capital]

Grand Capital are smart kindle gentlemen with fox intelligence and creativity: better said wolves in sheeps clothing.
They are very professional with awesome service, but they are crual at the other hand.

Grand Capital is synonyme for Double Morale and Hypochrisy: they are not scam.
Grand Capital is not a Scam, but they will Scam You and Bonus You at Once.

The policy of 500 US$. They give you 500 $ as a bonus: in reality they give you nothing and you will never get them: it is the hook to register by them. only if you are an idiot they will offer to you 500 US$ for free for the Russian Uncle Vladimir?
After that the extra money that you make: you cannot withdraw it. And you will never be able to withdraw it. Worst you will loose it after 5 Days.
You need to make deposit: you willl pay commission of 3 -5% on the deposit in the year 2016 (broker after recieving payment, they put commission on payment hhhhhh).
The deposit should be at the level of win hhhhh.

Forex Broker need your deposit, and the only interest is that you make deposit.
Without deposit you cannot work for yourself.

Forex Broker are not:
- a Philanthropic Association or Your Father who encourage you to make money
- Big Brother to make TV Rewards Competition

But the story of 500 US$ Bonus is a shameless forexporn.

Hi Michel,

First of all, thank you for your opinion. We are sorry that you've had such a negative experience with our $500 bonus promotion. However, there are quite a few things that we would like to clarify:

$500 bonus is a promotion which is aimed to demonstrate the advantages of trading with Grand Capital along with the quality of our services. It doesn't require initial deposit and allows you to get trading experience with Grand Capital as if you were trading with live Standard account.

Why $500?

$500 is the amount that allows a trader to test different instruments and obtain a solid trading experience with Grand Capital.

Conditions
If you didn't like trading with us, you can leave without losing your own funds. That's it - you don't lose any funds as you've never deposited any.

If you are satisfied with your trading experience, you can either open a new account and make a deposit of your choosing or deposit the necessary amount (and fulfill trading conditions) to make your bonus profit fully withdrawable.

We would like to emphasize that we are not fooling anyone and the bonus terms and conditions are available on our website for anyone to read prior to claiming the bonus.

As per commission on deposits, Grand Capital does not charge any commission for deposit and/or withdrawal of funds. The commission is charged by the payment system used by the client. The rates are available here https://grandcapital.net/trading/operations_with_money/.

Again, we are sorry that you've had such a negative experience. Please leave your trading account number and our manager will contact you to discuss individual conditions. If you have further inquires please feel free to contact our customer support.

Thank you,
Grand Capital

 

[rambo michel]

Hi Michel,

First of all, thank you for your opinion. We are sorry that you've had such a negative experience with our $500 bonus promotion. However, there are quite a few things that we would like to clarify:

$500 bonus is a promotion which is aimed to demonstrate the advantages of trading with Grand Capital along with the quality of our services. It doesn't require initial deposit and allows you to get trading experience with Grand Capital as if you were trading with live Standard account.

Why $500?

$500 is the amount that allows a trader to test different instruments and obtain a solid trading experience with Grand Capital.

Conditions
If you didn't like trading with us, you can leave without losing your own funds. That's it - you don't lose any funds as you've never deposited any.

If you are satisfied with your trading experience, you can either open a new account and make a deposit of your choosing or deposit the necessary amount (and fulfill trading conditions) to make your bonus profit fully withdrawable.

We would like to emphasize that we are not fooling anyone and the bonus terms and conditions are available on our website for anyone to read prior to claiming the bonus.

As per commission on deposits, Grand Capital does not charge any commission for deposit and/or withdrawal of funds. The commission is charged by the payment system used by the client. The rates are available here https://grandcapital.net/trading/operations_with_money/.

Again, we are sorry that you've had such a negative experience. Please leave your trading account number and our manager will contact you to discuss individual conditions. If you have further inquires please feel free to contact our customer support.

Thank you,
Grand Capital

Thank you for your rebuttal! You show that you are open minded, progressive, self-confident, and extremly serious, cold blooded, thus professional!

I forget to assert hereby that I am a stereotype of greedy (en) прожорливый (ru) affamé (fr) person.
But only throught severe extreme critics, you optimise your service.
I remarked that you have deleted the fees for deposit, and ameliorated the quality of service.

It has been never a negative experience Sir! Spreads are low and very fast execution, as well as fast email response. With my greedy character, I would like to achieve the fantasm of making withdrawls without making a deposit (which is against the physics law of forex). You are the unique in world to give 500$ as a bonus, this is a dream: but it would be great to allow people to get withdrawl at the rate of 50% from the benefit. (but no broker do it)

This is is because Grand Capital is among the best broker in the World, and we would like that you optimise your level from best to the best of the best.

People uses to say scam broker, but never mention scam user. In order to get fair play.
Just continue your effort!

Warm Regards

Michel RAMBO (alias)

 

[Copernicus]

The $500 No Deposit Bonus from Grand Capital is very misleading. It does not work like the No Deposit Bonus you receive from other brokers.

Any profit you make on the $500 is then used only as a Deposit Bonus. So it's useless since any broker already offers a Deposit Bonus.

Here is my chat with Grand Capital customer service:

Me:[/B] Where can I find the terms and conditions for the $500 welcome bonus trading account? Thanks.

Sorry, Anastasia Saharova is busy right now. Please wait while we find someone else.

Mihail Novik:
Hello!
Here grandcapital.net/trading/bonus/

Me: ok, but the terms say " withdrawable profit"
but it doesn't say how the profit is withdrawable
can you tell me the terms for withdrawing profits?

Mihail Novik: You trade with 500 dollars and get profit above these 500. After 7 days 500 are taken off the account and you are left with the profit only. In 7 days you have to deposit same or higher amount than the profit you have made, this will allow to start trading with profit. All profit you will make with your fund and bonus is yours. To withdraw bonus profit you must trade 1 lot for every 5$ of profit.
Please read terms and conditions first grandcapital.net/trading/bonus/
Example: profit from the bonus account is $ 100. You deposit $ 100 at this account. To transfer profits earned from the bonus money, you need to make trades at the rate of 1 lot for every $ 5 of profit, 100/5 = 20 lots ( total). It is necessary that the total trading volume was equal to or higher than 20 lots.

Me: I see, so then it becomes the same thing as a deposit bonus.
thanks for your help

 

[DanOCFX]

The $500 No Deposit Bonus from Grand Capital is very misleading. It does not work like the No Deposit Bonus you receive from other brokers.

Any profit you make on the $500 is then used only as a Deposit Bonus. So it's useless since any broker already offers a Deposit Bonus.

Here is my chat with Grand Capital customer service:

COMPLETELY MISLEADING. Their terms and conditions are a joke and I can't believe I fell for their crap.

#1 Any profits made after 7 days will be deleted if you do not deposit the same amount as your profits or more.
#2 Even after a deposit to match your profits, those profits are STILL NOT YOURS TO WITHDRAW!
#3 Requires trading a ridiculous standard lot size of 1.0 to earn $5 from said profit. LOL. For example, you would need to accumulate a grand total of 20.0 lot sizes traded in order to earn $100. Possibly the worst if not the worst promotion I've ever heard of from a broker.

 

[jan111]

....By this history I want to warn working and future traders about the scam's association that named grand capital (www.grandcapital.net), posts on forums are my first step for punishment of these scammers...

Youre 100% right my friend. I also would send a WARNING to anyone considering joining grandcapital.net.

Grand Capital are the biggest online thieves ive ever seen. They steal money from every angle. Here's how Grand Capital steal money from you and me.

1) They are not even a real broker. Its a Pyramid / Ponzi Scheme.

Grand Capital are the broker of a broker of another broker. In other words, tts a pyramid scheme broker business that pay their "affilliate marketers" up to 40% commission on each of your trades, so when YOU SHOULD be getting 75% to 85% payout on a 60 second option, up to 5mins, youre lucky if you get 40% to 50% most of the time, with the odd 60% on a really terrible, choppy market pair that youve got hardly any chance of winning on. So, they are stealing up to 40% of your trades and in essence, you are working for them while they take a big cut of your money, for no risk to them.

2) You have to place $10 minimum trade for a 40% payout.

Thats right. You HAVE to place a MININIMUM of $10 on each trade, so if you place a 60 second trade on the USD/CHF for example, you will get $4, for risking $10. But on CoreLiquidityMarkets, Directfx, or GoMarkets, you will get up to $9 back (anywhere between $7.50 and $9), more than DOUBLE what Grandcaptial offer you.

3) Very high transaction fees and takes ages to withdraw.

I made some trades, got $2.50 overall P/L with losses and withdrew my cash as soon as I saw the terrible payout rates. When I went to make my withdrawal, they said I needed to be "verified" for a withdrawal. Yet when I made the deposit with the same debit card and National ID, they had no trouble accepting it in seconds, all on the same day, and didnt take 3 days just to "verify" my identity when I had already sent the documents well in advance, many days ago.

4) Order Execution (OE) is NOT EVEN FUNNY.

You see a candlestick on a breakout. You wait for the close price of the following candle to confirm your entry. Just as the candlestick closes, you enter the market on whatever timeframe you choose, in my case 60 second.... then all of a sudden, the order you placed, is not placed anywhere near the price you specified, and you see the order line way above or below your entry point.... meaning it costs you the trade. It wouldnt suprise me if Grand Captial are doing this on purpose, as Ive not come accross other brokers who do this on quite the same level. Yes there can be issue with OE, but not like these guys, they are just scamming it by exploiting the issue to their advantage, thus stealing our hard earned money from every possible angle they can.

They are without doubt, the WORST so-called "broker" I have ever done business with.

Im based in the UK and I only use MT4 for binary options so I can use my own strategy. Currently, there are not many good BO brokers that allow you to use MT4, and any that dont allow you to use them, you should in my experiece, stay well clear of. However, it up to you. Yet, Grand Capital attracted me due to its MT4 platform, but I made the mistake of assuming the payouts, OE, and costs were competitive. They are not.

REMOVED are Aussie based, but they are regulated by the ASIC, which is very strict much like the FCA here in the UK.

FPA Forums Team Note: Do not recommend brokers in a Scam Alerts thread. Doing so permanently ties the names of the recommended brokers to a complaint about a different broker.

 

[mazahir]

You are totally scammers. why you did not joined me and replied me about my case posted here ?
https://www.forexpeacearmy.com/community/threads/grand-capital-scam.48019/
reply to my case and talk to me. You have no License No security of client funds. total fraud.

 

[mkdeividas]

Scam scam scam scam scam fu***g scam. Today close my trading account becouse I ask withdraw. If you want profit ask my I show screen shots for all what do not believe me.

 

[mkdeividas]

All chats with grand capital team. Its bolsh**** talk every time after 1 moth close acc

 

[mkdeividas]

If I lose money lose and you guys

 

[mkdeividas]

I ask grand capital account manager, why you close my acc he send me 100 shets pdf file. Terms and conditions. Fuki*** clowns.