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GRANDIS SECURITIES

Cyprus|5-10 years|
Straight Through Processing(STP)|Suspicious Scope of Business|Medium potential risk|

http://grandissecurities.com.cy/

Website

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Contact

+357 22 283 650
info@grandissecurities.com.cy
http://grandissecurities.com.cy/
73 Makarios Avenue and 1 Methonis Street, Methonis Tower, 6th Floor Postal Code: CY-1070

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GRANDIS SECURITIES · Company Summary

GRANDIS SECURITIES Basic Information
Registered Country/Area Cyprus
Founded Year 2019
Company Name GRANDIS SECURITIES
Regulation CYSEC
Minimum Deposit Not specified
Products and Services Investment services, ancillary services, range of financial instruments
Customer Support Address, Phone, Email
Payment Methods Base currency, specified currency, withholding taxes, set-off
Educational Tools Terms of Business

Overview of GRANDIS SECURITIES

GRANDIS SECURITIES is a Cyprus-based financial company that has been operating since 2019. It is regulated by CYSEC, ensuring compliance with regulatory standards and providing a level of trust and protection for clients. The company offers a range of investment services, ancillary services, and financial instruments. GRANDIS SECURITIES provides customer support through various channels, including address, phone, and email.

While the company offers a comprehensive range of investment services and instruments, there are some potential drawbacks to consider. The minimum deposit requirement is not specified, which may make it difficult for potential clients to assess whether they meet the company's requirements. The available payment methods, such as accepted currencies and specific details regarding withholding taxes and set-off, are not clearly specified, which may cause uncertainty and inconvenience for clients when it comes to making payments. Additionally, while some fees and commissions are mentioned, the complete fee structure and details are not provided, requiring clients to inquire further to fully understand the costs associated with the services provided.

Overall, GRANDIS SECURITIES is a regulated option for individuals seeking investment services. The company's range of services, customer support, and educational resources such as the Terms of Business contribute to its appeal. However, potential clients should carefully consider the lack of specified minimum deposit requirements and limited information on payment methods and fees before making a decision.

basic-info

Is GRANDIS SECURITIES Legit?

GRANDIS SECURITIES is a regulated entity in the financial industry. It operates under the oversight and supervision of the regulatory authorities. The company holds a valid license with the license number 343/17, which further indicates its compliance with regulatory requirements and standards. As a regulated entity, GRANDIS SECURITIES is subject to various rules and regulations aimed at ensuring transparency, protecting investors' interests, and maintaining the integrity of the financial markets.

regulation

Pros and Cons

GRANDIS SECURITIES offers regulated investment services and instruments, providing clients with diverse opportunities. They provide customer support through various channels. However, the lack of specified minimum deposit requirements and limited information on payment methods and fees may be potential drawbacks. Overall, GRANDIS SECURITIES is a regulated option for individuals seeking investment services.

Pros Cons
Regulation: GRANDIS SECURITIES is regulated by CYSEC, ensuring compliance with regulatory standards and providing a level of trust and protection for clients. Minimum Deposit Not Specified: The minimum deposit requirement is not specified, which may make it difficult for potential clients to assess whether they meet the company's requirements.
Range of Services: The company offers a comprehensive range of investment services, including reception and transmission of orders, execution of orders, safekeeping of financial instruments, and foreign exchange services. This allows clients to access various investment opportunities. Lack of Payment Method Information: The available payment methods, such as accepted currencies and specific details regarding withholding taxes and set-off, are not clearly specified. This may cause uncertainty and inconvenience for clients when it comes to making payments.
Educational Tools: GRANDIS SECURITIES provides educational resources such as the Terms of Business, helping clients enhance their understanding of the investment services and instruments offered. Limited Information on Fees and Commissions: While some fees and commissions are mentioned, the complete fee structure and details are not provided. Clients may need to inquire further to fully understand the costs associated with the services provided.
Customer Support: The company offers customer support through multiple channels, including address, phone, and email, ensuring accessibility and prompt assistance for clients.

Services

GRANDIS SECURITIES offers a range of investment services and instruments to its clients. The investment services provided by the company include:

1. Reception and transmission of orders: GRANDIS SECURITIES receives and transmits orders on behalf of its clients in relation to one or more financial instruments. This service involves facilitating the execution of clients' investment orders.

2. Execution of orders: The company also executes orders on behalf of its clients. This means that GRANDIS SECURITIES carries out the necessary actions to fulfill clients' investment orders in the financial markets.

In addition to investment services, GRANDIS SECURITIES provides ancillary services, which include:

1. Safekeeping or administration of financial instruments: The company offers safekeeping and administration services for financial instruments on behalf of its clients. This involves tasks such as custodianship, cash/collateral management, and related services.

2. Foreign exchange services: GRANDIS SECURITIES provides foreign exchange services that are connected to the provision of investment services. This allows clients to engage in foreign currency transactions related to their investment activities.

GRANDIS SECURITIES engages in the provision of investment services involving various financial instruments, including:

1. Transferable securities: These are securities that can be easily traded in the financial markets, such as stocks, bonds, and other investment instruments.

2. Money-market instruments: These are short-term debt securities with high liquidity and low risk, such as Treasury bills and commercial paper.

3. Units in collective investment undertakings: This refers to investments in mutual funds, investment trusts, or other pooled investment vehicles.

4. Derivative contracts: GRANDIS SECURITIES deals with a wide range of derivative contracts, including options, futures, swaps, forward rate agreements, and other contracts related to securities, currencies, interest rates, yields, commodities, and climatic variables. These contracts may be settled physically or in cash.

5. Derivative instruments for the transfer of credit risk: The company offers instruments that allow clients to transfer or manage credit risk associated with certain financial assets.

6. Financial contracts for differences: GRANDIS SECURITIES provides contracts for differences, which are financial instruments that enable clients to speculate on price movements of underlying assets without owning them.

GRANDIS SECURITIES operates primarily from its head office in Nicosia, Cyprus, serving both local and foreign clients. Outside the EU, the company currently offers its investment services to clients registered in the British Virgin Islands.

services

Fees and Commissions

GRANDIS SECURITIES charges various fees and commissions for its services. The brokerage commission for transaction value is 0.08%, while the brokerage commission for REPO trades varies based on the currency and is 0.38% per annum for USD, RUB, and EUR. Global custody fees for securities traded on a trading venue are 0.01% of the average monthly market value of assets. For non-traded securities, the global custody fee is $100 per month per issuer. These fees are subject to change, unless specific arrangements have been agreed upon with the client.

commission

In addition to the fees, clients are responsible for paying commissions, brokerage fees, transfer fees, registration fees, taxes, and other applicable charges. GRANDIS SECURITIES may share in the fees paid by clients and receive non-monetary benefits within the limits of applicable regulations. Clients are required to pay interest on any overdue payments. The company provides annual or more frequent reports to clients regarding the fees and costs incurred under the terms of their agreement.

Payments

Here's a brief description of the payment terms and practices of GRANDIS SECURITIES:

1. Payment Obligations:

- You are required to make payments for any amounts due under the terms of the agreement immediately when they become due.

- Payments should be made in the base currency or any other specified currency, in immediately available funds.

- Any rights of equity, counterclaim, or set-off you may have against GRANDIS SECURITIES do not affect your payment obligations.

2. Withholding Taxes:

- Unless otherwise required by GRANDIS SECURITIES or applicable regulations, payments should be made without any withholding or deduction for taxes.

- If applicable regulations require you to withhold taxes, you are responsible for paying additional amounts to ensure that GRANDIS SECURITIES receives the net amounts that would have been received if no tax had been withheld.

3. Set-Off:

- GRANDIS SECURITIES has the right to unilaterally set off any amounts you owe them against any amounts they owe you. This means that they can deduct the outstanding amounts from any payments owed to you.

These payment terms ensure prompt and clear payment obligations, while also addressing tax withholding requirements and the possibility of set-off between the parties.

Client Area

The Client Area of GRANDIS SECURITIES provides a range of resources and services to ensure a smooth and transparent relationship with their clients. Here are some key aspects:

1. Terms of Business: The Terms of Business outline the contractual agreement between the company and its professional clients. It establishes the rights, responsibilities, and obligations of both parties, ensuring a clear understanding of the services provided.

2. KYC requirements: KYC (Know Your Customer) is an essential process for financial institutions to verify the identity of their clients and assess any potential risks. GRANDIS SECURITIES has specific lists of required KYC documents for both legal entities and individuals. These documents are necessary to comply with regulatory standards and to ensure the integrity of the client relationships.

3. Clients Complaints: If a client wishes to make a complaint, GRANDIS SECURITIES provides a Complaints Form that the client can fill out. The completed form should be submitted to the designated email address, compliance@grandissecurities.com.cy, for proper handling and resolution of the complaint. Additionally, the company has a Clients' Complaints Procedure in place, which outlines the steps and processes for addressing and resolving client complaints.

4. Policies and Procedures: GRANDIS SECURITIES has implemented various policies and procedures to ensure compliance, transparency, and fairness in their operations. Some of these policies include the Conflict of Interest Policy, which aims to identify and manage any conflicts that may arise in the company's business activities, and the Execution Policy, which outlines how client orders are executed to achieve the best possible outcome.

By providing these resources and services in the Client Area, GRANDIS SECURITIES demonstrates its commitment to maintaining a strong and professional relationship with its clients. It ensures that clients have access to necessary information, procedures for addressing concerns, and clear guidelines regarding the company's operations.

client-area

Corporate Governance

GRANDIS SECURITIES follows corporate governance practices to comply with regulations and promote transparency. Key aspects include:

1. Country-by-country Reporting: Annually disclosing consolidated information about activities, turnover, employees, profit/loss, taxes, and subsidies received.

2. Public disclosure of return on assets: Reporting the return on assets in their annual report, showing the company's financial performance.

3. Remuneration policies: Implementing a policy that covers different staff categories, considering skills, performance, and market standards for determining remuneration.

4. Governance Arrangements: Board members have good repute, knowledge, and experience. They commit time to their roles, possess diverse experiences, and act with integrity and independence.

5. Diversity Policy: Promoting diversity and inclusion within the Board, considering various factors like skills, background, and gender to achieve an effective composition.

GRANDIS SECURITIES' corporate governance ensures compliance, integrity in financial reporting, risk management, and effective oversight by the Board. Diversity and inclusion are also emphasized.

coporate

Customer Support

GRANDIS SECURITIES provides customer support through various channels. The contact details for different departments are as follows:

1. Address: Located at 73 Makarios Avenue and 1 Methonis Street, Methonis Tower, 6th Floor, Nicosia, Cyprus.

2. Phone: Contact the company's main line at +357 22 283 650 for general inquiries and assistance.

3. Fax: Send any necessary documents or communication via fax to +357 22 283 651.

4. Email: Reach out to the appropriate department via email:

General inquiries: info@grandissecurities.com.cy

General Manager, Executive Director: maria.petridou@grandissecurities.com.cy

Head of Compliance, Executive Director: olga.nikolau@grandissecurities.com.cy

Compliance: compliance@grandissecurities.com.cy

Back-Office: back-office@grandissecurities.com.cy

Brokerage: brokerage@grandissecurities.com.cy

The customer support team at GRANDIS SECURITIES is available through these communication channels to assist clients with their needs, inquiries, and support requests.

customer-support

Conclusion

GRANDIS SECURITIES is a regulated financial company offering investment services and a range of financial instruments. Regulated by CYSEC, the company ensures compliance with regulatory standards and provides a level of trust and protection for clients. They offer diverse investment opportunities and provide customer support through various channels. However, the lack of specified minimum deposit requirements and limited information on payment methods and fees may be potential drawbacks. Overall, GRANDIS SECURITIES is a regulated option for individuals seeking investment services, but potential clients should consider the limitations mentioned.

FAQs

Q: Is GRANDIS SECURITIES a legitimate company?

A: Yes, GRANDIS SECURITIES is a regulated entity operating under the supervision of regulatory authorities. It holds a valid license (number 343/17) and complies with regulatory standards, ensuring transparency, investor protection, and market integrity.

Q: What services does GRANDIS SECURITIES provide?

A: GRANDIS SECURITIES offers investment services such as reception and transmission of orders, execution of orders, safekeeping of financial instruments, and foreign exchange services. They also provide ancillary services, including the administration of financial instruments. The company deals with various financial instruments, such as transferable securities, money-market instruments, units in collective investment undertakings, derivative contracts, derivative instruments for credit risk transfer, and financial contracts for differences.

Q: What are the fees and commissions charged by GRANDIS SECURITIES?

A: GRANDIS SECURITIES charges brokerage commissions, custody fees, and other applicable fees. The brokerage commission for transaction value is 0.08%, and the brokerage commission for REPO trades varies based on the currency (0.38% per annum for USD, RUB, and EUR). Global custody fees for traded securities are 0.01% of the average monthly market value, while non-traded securities incur a fee of $100 per month per issuer. Clients are responsible for other fees, commissions, taxes, and charges associated with the services.

Q: What are the payment terms of GRANDIS SECURITIES?

A: Payments to GRANDIS SECURITIES should be made in the base currency or any specified currency, in immediately available funds. Withholding taxes may apply unless otherwise required, and clients are responsible for additional amounts to ensure net payments. GRANDIS SECURITIES also has the right to set off amounts owed by clients against amounts owed to them.

Q: What resources are available in the Client Area of GRANDIS SECURITIES?

A: The Client Area provides resources such as the Terms of Business, KYC requirements for individuals and legal entities, a Complaints Form, and various policies and procedures. These resources aim to enhance clients' understanding, address concerns, and provide clear guidelines on the company's operations.

Broker Information

Company Name

Grandis Securities Ltd

Abbreviation

GRANDIS SECURITIES

Regulatory Status

Regulated

Platform registered country and region

Cyprus

Phone of the company
  • +357 22 283 650

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Company address
  • 73 Makarios Avenue and 1 Methonis Street, Methonis Tower, 6th Floor Postal Code: CY-1070

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Customer Service Email Address
  • info@grandissecurities.com.cy

Company Summary

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