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Do you want to know which is the better broker between Grand Capital and LiteForex ?
In the table below, you can compare the features of Grand Capital , LiteForex side by side to determine the best fit for your needs.
EURUSD: 4.3
XAUUSD: --
Long: -10.14
Short: 0.13
Long: -52.23
Short: 2.5
EURUSD: 0.8
XAUUSD: 1.3
Long: -8.4
Short: 1.2
Long: -38.38
Short: 10.25
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of grand-capital, liteforex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Company Name | Grand Capital |
Headquarters | Hong Kong |
Regulations | Regulated by the Securities and Futures Commission (SFC) of Hong Kong |
Market Instruments | Securities, Futures, Stock Options, Fixed Income |
Account Types | Individual, Joint, Corporate, Asset Management, Private Banking |
Spread | N/A |
Deposit/Withdraw Methods | Bank Transfer, Cheques, Overseas Remittance |
Trading Platforms | Desktop, Web, Mobile |
Customer Support | Phone: +852 3891 9888, Email: cs@grandch.com |
Educational Resources | N/A |
Grand Capital Holdings Limited, headquartered in Hong Kong, operates as a financial services provider encompassing two wholly-owned subsidiaries: Grand Capital Securities Limited and Grand Capital Futures Limited. These entities offer a broad spectrum of financial services to a diverse clientele, including individuals, corporations, and institutions. Services provided by Grand Capital encompass brokerage services, wealth management, asset management, and institutional services. These services facilitate access to a variety of financial markets and instruments, allowing clients to engage in trading activities across a range of asset classes. Additionally, the company provides a selection of trading platforms to cater to different trading preferences, ensuring accessibility and convenience for its clientele.
Grand Capital, operating under the entity Grand Capital Futures Limited in Hong Kong, is a legitimate broker in the context of its regulatory status. It is regulated by the Securities and Futures Commission (SFC) of Hong Kong, a reputable regulatory authority known for its stringent oversight of financial institutions. Grand Capital holds a valid license for “Dealing in futures contracts” with License No. BOM175, issued by the SFC, and this license was effective from October 10, 2019.
The fact that Grand Capital is regulated by the SFC and holds a valid license indicates that it has met the regulatory requirements and standards set by the regulatory authority. This regulatory oversight provides a level of assurance to clients that the broker operates within the legal framework and adheres to industry regulations and standards.
Grand Capital presents a range of advantages for traders seeking financial services. Firstly, it boasts regulatory oversight by the Securities and Futures Commission (SFC) of Hong Kong, instilling confidence in clients regarding the broker's commitment to industry standards. The broker offers a diverse selection of financial products, including securities, futures, stock options, and fixed income, allowing clients to diversify their portfolios. Grand Capital prioritizes accessibility by providing trading platforms for desktop, web, and mobile devices, accommodating traders with varying preferences. Additionally, the inclusion of wealth management services and a physical office presence in Hong Kong enhances the overall client experience.
However, several considerations must be kept in mind. The lack of fee transparency could result in unexpected costs for traders, impacting their overall trading experience. Grand Capital's limited educational resources might hinder traders from developing essential skills and knowledge. Furthermore, unclear deposit and withdrawal information may create inconvenience and uncertainty, and the absence of disclosed spread details leaves traders unaware of potential trading costs. Lastly, the dependency on the Grand Authenticator app for Two-Factor Authentication may not align with all clients' preferences or accessibility needs.
Pros | Cons |
1. Regulatory Oversight | 1. Lack of Fee Transparency |
2. Diverse Product Range | 2. Limited Educational Resources |
3. Multi-Platform Accessibility | 3. Unclear Deposit and Withdrawal Information |
4. Wealth Management Services | 4. No Spread Information |
5. Physical Office Presence | 5. 2FA App Dependency |
Grand Capital offers a diverse array of financial products, catering to a wide spectrum of investment strategies and preferences. One of its core offerings is securities trading, providing clients with access to global stock markets in over 20 countries, including major exchanges like NYSE, NASDAQ, and more. Investors can engage in the trading of listed stocks, equities, ETFs, REITs, derivative warrants, inline warrants, CBBCs, and fixed-income products. This expansive range allows clients to diversify their portfolios across international markets and asset classes, aligning with their investment goals and risk tolerance.
Furthermore, Grand Capital provides futures trading opportunities, empowering self-directed investors to participate in futures and options on futures contracts. These include equity, foreign exchange, commodities, interest rates, and single stock futures products. The inclusion of stock options and fixed-income products further enhances the depth of Grand Capital's product offerings, giving clients the tools and opportunities to explore various trading strategies and achieve their financial objectives.
Grand Capital offers a wide range of financial services to meet the diverse needs of its clients, making it a versatile player in the financial industry. The company provides brokerage services, enabling clients to access global markets and trade a variety of financial instruments. Whether for individual or institutional investors, Grand Capital's brokerage services offer a gateway to international markets, facilitating portfolio diversification and investment opportunities.
In addition to traditional brokerage, Grand Capital offers comprehensive wealth management and asset management services. Clients can leverage the expertise of the firm's professionals to create tailored investment strategies that align with their financial goals. The inclusion of institutional services and fund set-up services further underscores Grand Capital's commitment to serving a wide range of clients, including institutional investors and fund managers. The firm's global markets multi-asset approach allows clients to explore opportunities across various asset classes and regions, providing a holistic and diversified approach to investment and wealth management.
Grand Capital offers a versatile range of account types to accommodate the diverse needs of its clients. For individual investors, the firm provides both securities accounts, which can be further categorized into cash or margin accounts, and futures and options accounts. These options empower investors to choose the account type that aligns with their risk tolerance and trading preferences. Additionally, Grand Capital caters to clients interested in stock options trading, providing a dedicated account type for this purpose.
For more sophisticated investors seeking professional portfolio management, Grand Capital offers asset management accounts. These accounts allow clients to leverage the expertise of professional fund managers to achieve their investment goals. Furthermore, the firm extends its services to high-net-worth individuals through private banking accounts, ensuring personalized financial solutions and a tailored approach to wealth management. Grand Capital's diverse account offerings reflect its commitment to providing a comprehensive suite of options to cater to the unique financial objectives and preferences of its clientele.
To open an account with Grand Capital online, the process is straightforward and can be completed in a few simple steps:
Go to www.grandch.com and navigate to the account opening section.
Select the type of account you wish to open, such as an individual or corporate account.
Fill out the online application form with your personal information, financial details, and other required information.
Upload the necessary identification and verification documents as specified by Grand Capital.
Double-check the provided information, agree to the terms and conditions, and submit your application.
Grand Capital's team will review your application and notify you once your account is approved and ready for trading.
Alternatively, clients can opt for an in-person account opening by scheduling a visit to Grand Capital's offices, where experienced staff will assist with the process. Additionally, for those who prefer to open an account by mail, Grand Capital can send the relevant account opening documents upon request, which can then be completed and sent back to the office for processing. These alternative methods provide flexibility to clients in choosing the most convenient way to open their accounts with Grand Capital.
Grand Capital's lack of disclosure regarding fees or spreads associated with trading activities may present challenges for traders in assessing the true cost of their trades. Without clear information on fees, commissions, or spreads, clients may find it difficult to accurately calculate their trading expenses, potentially leading to unexpected costs that can impact overall profitability. Transparency in fee structures is crucial for traders to make informed decisions and manage their trading costs effectively. Therefore, prospective clients should exercise caution and seek clarity on fee-related information before engaging in trading activities with Grand Capital.
Grand Capital offers a robust and versatile trading platform that caters to the needs of both securities and futures traders. Clients can access a range of platforms, including iTrade and WebTrade for online trading, as well as desktop applications for a more comprehensive trading experience. Notably, Grand Capital provides mobile trading options through the Play Store and App Store, offering basic and advanced versions of their trading platform, ensuring accessibility for traders on the go. This multiplatform availability allows traders to conveniently access their account balances, positions, market data, and other essential information from various devices, enhancing flexibility and convenience in their trading activities.
In addition to its trading platforms, Grand Capital offers the Grand Authenticator app, which serves as a Two-Factor Authentication (2FA) solution. This app adds an extra layer of security to clients' accounts, helping protect against unauthorized access. Users can easily download the app for both iOS and Android devices, ensuring their account security while trading. By implementing 2FA through the Grand Authenticator app, clients can benefit from enhanced peace of mind and safeguard their trading accounts from potential security breaches.
Grand Capital offers several methods for deposits and withdrawals, including bank transfers, cheques, and overseas remittances. Clients can choose the option that aligns with their preferences and location. Bank transfers provide a secure and direct way to move funds to and from their trading accounts. However, it's important to note that fees may apply for these transactions, and the exact charges may vary depending on the bank and location. Additionally, the processing time for bank transfers can vary, ranging from a few business days to potentially longer for international transfers.
Clients opting for cheque deposits or overseas remittances should also be aware of potential fees and processing times associated with these methods. It's essential for traders to review the broker's fee schedule and terms for each transaction method to make informed decisions regarding their deposits and withdrawals, as fees and processing times can impact the overall cost and speed of accessing their funds.
Grand Capital's commitment to customer support is evident through its accessible contact information and dedicated service channels. Clients can reach out to the company through various means, including telephone support via the provided contact number, ensuring direct and immediate assistance. Additionally, clients can utilize the provided email address to contact the customer support team, offering a convenient way to seek assistance, address inquiries, or resolve any issues.
The company's physical presence at its Hong Kong office further underscores its dedication to customer service. Grand Capital's central office location in Hong Kong enhances accessibility for clients who prefer in-person consultations or support. Overall, Grand Capital's multi-channel customer support approach demonstrates its commitment to providing responsive and accessible assistance to its clientele, contributing to a positive trading experience.
The absence of educational resources in Grand Capital could hinder traders, especially newcomers, from acquiring the knowledge and skills necessary for effective trading. Without access to tutorials, webinars, and trading guides, they may face increased risks, potential losses, and limited opportunities for skill development, making it less attractive for those seeking comprehensive support and guidance in trading.
In summary, Grand Capital is a Hong Kong-based financial services firm with a diverse range of offerings for traders and investors. It provides access to global financial markets, including securities, futures, stock options, and fixed-income products, catering to a wide range of investment preferences. The broker offers multi-platform accessibility, regulatory oversight by the SFC, wealth management services, and a physical office presence in Hong Kong for client convenience.
However, concerns arise due to the lack of fee transparency, limited educational resources, and unclear information regarding deposit and withdrawal methods. Traders should exercise caution and seek comprehensive information before engaging with this broker to ensure they align with their specific trading needs and preferences.
Q: Is Grand Capital regulated?
A: Yes, Grand Capital is regulated by the Securities and Futures Commission (SFC) of Hong Kong, providing regulatory oversight.
Q: What financial products does Grand Capital offer?
A: Grand Capital offers a diverse range of products, including securities, futures, stock options, and fixed-income instruments.
Q: How can I contact Grand Capital's customer support?
A: You can reach Grand Capital's customer support through phone at +852 3891 9888 or via email at cs@grandch.com.
Q: What trading platforms are available at Grand Capital?
A: Grand Capital offers multiple trading platforms, including desktop, web, and mobile options to suit different preferences.
Q: What payment methods are accepted for deposits and withdrawals?
A: Grand Capital facilitates deposits and withdrawals through bank transfers, cheques, and overseas remittances, although specific fees and processing times may apply.
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, metals, energy |
Minimum Initial Deposit | $50 |
Maximum Leverage | 1:30 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer, credit card, skrill, neteller, etcetera |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of tradable markets including currency pairs, indices, metals, and energy.
Competitive average spread for EURUSD at 0.5 pips.
Offers demo account for risk-free trading.
Two types of live accounts to choose from based on trading habits.
Provides various educational resources such as glossary, e-books, tutorials, and economic news.
Multiple language support for customer service.
Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees.
Cons:
Limited information on spreads and commissions.
No information available on cryptocurrencies or stocks.
Maximum leverage of 1:30, which may not be sufficient for some traders.
No mobile trading platform available.
Limited working hours for customer service.
Advantages | Disadvantages |
No conflict of interest | Higher spreads than market makers |
Straightforward pricing | No fixed spreads |
Lower trading costs | Possible requotes during volatile markets |
No trading restrictions | Slower order execution than market makers |
LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Large range of trading markets available | Cryptocurrencies and stocks currently unavailable |
Suitable for both beginners and experienced traders | No information on the number of instruments offered |
Access to currency pairs, indices, metals, and energy | No information on the availability of exotic pairs |
LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex's instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks.
Advantages | Disadvantages |
Tight and variable spreads | Lack of transparency on spread and commission information |
Competitive average spread for major currency pairs | No information on commission charges |
No hidden fees or charges |
LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.
Advantages | Disadvantages |
Demo account available to practice trading | Limited account types offered |
Two types of live accounts available to choose from based on personal preferences | Lack of clear information on spreads and commissions |
Option to choose between zero commission with higher spreads or lower spreads with $3 commission per lot |
LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences. However, there is limited information available on spreads and commissions, which may be a disadvantage for some traders. Overall, LiteForex's account options cater to both new and experienced traders.
Advantages | Disadvantages |
MT4 and MT5 are both popular platforms | Some traders may prefer other platforms |
Well-known and trusted by traders | Limited customization options |
Easy to use and navigate | Limited charting tools and indicators |
Wide range of features and tools | Limited options for automated trading |
Ability to use expert advisors | Limited compatibility with other platforms |
Fast and reliable execution | No proprietary platform for unique features or advantages |
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited. Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders.
Advantages | Disadvantages |
Allows traders to increase their trading position with a relatively small amount of capital | High leverage increases risk and potential losses |
Can lead to higher profits with successful trades | Inexperienced traders may be tempted to over-leverage their positions |
Attracts traders with smaller capital amounts | Changes in market conditions can lead to sudden losses |
Offers flexibility in trading strategies | Regulators may restrict leverage levels in certain regions |
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions. Overall, traders should carefully consider their risk tolerance and trading strategy when using leverage.
Advantages | Disadvantages |
Various payment methods available | No mention of e-wallet options |
Minimum deposit is only $10 | Limited information on withdrawal processing times |
No additional fees for deposits or withdrawals | No option for local bank transfer in some countries |
LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.
Advantages | Disadvantages |
A wide range of educational resources such as e-books, tutorials, strategies, and traders‘ calculators are available to traders. | The educational resources may not be suitable for all levels of traders. |
Economic calendar, analytics, currencies rates and economic news are provided to help traders make informed decisions. | The educational resources may not be regularly updated, which can lead to outdated information. |
The educational resources are easily accessible and user-friendly. | The educational resources may not cover all trading aspects. |
The educational resources are available in multiple languages. | The quality of some educational resources may not be of high standards. |
LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders’ calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions. However, the quality of some educational resources may not be of high standards, and they may not be suitable for all levels of traders. Additionally, the educational resources may not be regularly updated, which can lead to outdated information. Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages.
Advantages | Disadvantages |
Multiple language support | Limited working hours |
Multiple contact options (email and phone) | No live chat available |
Physical address provided | No 24/7 customer support |
Quick response time during working hours |
LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.
In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.
Is LiteForex a regulated forex broker?
Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).
What trading platforms does LiteForex offer?
LiteForex offers two popular trading platforms, MT4 and MT5, that are widely used by traders worldwide.
What financial instruments can I trade on LiteForex?
LiteForex provides access to a wide range of trading instruments, including currency pairs, indices, metals, and energy.
Does LiteForex offer a demo account?
Yes, LiteForex offers a demo account that allows you to try out the financial markets without the risk of losing money.
What are the minimum deposit and withdrawal amounts on LiteForex?
The minimum deposit and withdrawal amounts on LiteForex are both 10 USD.
What are the customer service working hours of LiteForex?
The customer service of LiteForex is available from 9 a.m. to 9 p.m. (GMT +2) on Monday to Friday.
What are the possible payment methods for deposit and withdrawal on LiteForex?
LiteForex supports various payment methods, including electronic transfers, bank cards, and bank wire transfers. There are no extra fees for deposits and withdrawals.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive grand-capital and liteforex are, we first considered common fees for standard accounts. On grand-capital, the average spread for the EUR/USD currency pair is -- pips, while on liteforex the spread is from 2.0 points.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
grand-capital is regulated by SFC. liteforex is regulated by CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
grand-capital provides trading platform including -- and trading variety including --. liteforex provides trading platform including CLASSIC,ECN and trading variety including --.