Company Profile
Company Profile
Review summary
General information
our review of Grandefex have found nothing good to say about this unregulated broker. Operating out of the offshore paradise of Dominica, they use deposit bonuses with strict terms and conditions to hold customer withdrawals. even without this, their offerings are mostly mediocre, with an uncomplicated asset selection with unfavorable spreads.
the company Grandefex It is not regulated at all. its parent company, Soleil Rouge Inc It's in Dominica. This is a typical haven for brokers trying to avoid strict rules from financial regulators. investors who opt for the trading platform of Grandefex They have no protections or guarantees. the broker can do what he wants with his funds, without a regulator to control them.
the broker is not an unregulated offshore broker. there are specific warnings against them. The UK FCA has issued a warning, stating that the broker is not licensed to offer services there. it is clear that Grandefex he has already scammed some UK residents. our review of Grandefex found an additional warning from the Spanish cnmv, similarly trying to keep local investors safe from this broker.
Market Instrument
Forex, raw materials, indices, shares.
Minimum Deposit
to register in Grandefex You must deposit at least 250 eur.
Leverage
the maximum leverage available in Grandefex It is 1:100. Still, as higher leverage increases the risk of your trades, we advise you to use it with caution.
Commercial Platform
GrandefexIt offers traders a browser-based online trading platform, not an mt4/mt5 trading platform.
deposit and withdrawal
Grandefexallows traders to deposit and withdraw funds from their investment accounts via bank transfer, visa, mastercard and maestro only. the minimum deposit for bank transfers is 500 eur/gbp. compared to other payment methods offered by other brokers, Grandefex supports fewer deposit and withdrawal options.
Advantages and disadvantages
the advantages of Grandefex include :
1. Three trading accounts available
the disadvantages of Grandefex include :
1. No regulation
2. Less variety of traded assets
3. No information on spreads and commissions
4. Non-MT4/MT5 Trading Platform
5. Five language versions on the website only
6. Fewer deposit and withdrawal options
Comments or Opinions
With the information we have so far, the comments and reviews, evaluations and criticisms of users and traders, our opinion is that it seems like a broker with which we have to be careful. why? is it an unregulated broker, is it based in unsafe countries (dominica), when looking for information about Grandefex We found a lot of negative comments.
FX1166812305
Colombia
They are not allowing me to access to the website. They have only trapped my money. An agent told me that my money was lost because they have bankrupted and he does not know what to do either.
Exposure
Erí Kínn
Argentina
Hello, I have a Grandefex account with a large amount of money. It has been a week since I asked for the refund of the investment and from that day, my account is inactive. A few days after they inactivate my account, the person who in charge of the account will contact me, buy they have not done so and it is impossible to contact them. They have even blocked me on their whatsapp. But I have the recording of the telephone conversation that acknowledges that there is these money and that I will be reimbursed. Also, I have the screenshots and the screen recordings of his daily operations since then. And all purchases and sales orders from the beginning.
Exposure
逍遥楚留香
New Zealand
Grandefex is selling it's own domain name...it's a company without any regulatory license, so it's very irrational for anyone to invest in it. I haven't seen anyone say they were scammed by this company so far, I hope it's true. Being scammed out of money is one of the worst things in the world...
Positive
Pooi Lum
United Kingdom
They lure you in and pretend to be a friend but guys do they turn on you when you want to take money out. If anyone has found a way of getting their money back please let me know.
Neutral