Grand Invest – Good or Bad?

Grand Invest

With the financial markets flourishing and growing exponentially even during tough times, there has been a great deal of interest in this space. Online trading is a trend that has continued to strengthen over the years and remains the same today. This has resulted in the growth of brokers as well and new ones continue to pop up every now and then. But, not all of the companies out there are good ones. There are some bad characters that can be found too, as the number of fraudulent brokerages has also grown. The goal of this Grand Invest review is to help you understand how this works.

Those who decide to delve into the online trading space are aware that such fraudulent platforms exist, but they are not aware of how they work. Most people assume that they will be able to identify a scam broker when they look at it, but this is not the case. In most situations, it is not possible for you to be able to tell whether a brokerage is good or bad just by glancing at its website. Distinguishing between legitimate and fraudulent brokerages is not that simple, as it requires you to do some evaluation.

This is one of the reasons why people end up getting scammed because they do not know what to look for, or how to figure out what makes a company fraudulent. How will you figure out whether a company is good or bad? The good news is that it is not that complicated as you might believe; it only needs a little bit of evaluation and you will have your answer. Yes, a bit of time might be needed, but since it saves you from disaster, it is certainly worth it.

How? This is what happens in the case of Grand Invest, which has presented itself as global forex and CFD brokerage that offers lightning fast execution and highly competitive spreads. It also claims to be a reliable company that can guarantee the safety of your funds, as it offers negative balance protection and maintains segregated accounts, and is catering to people all across the globe. All of it sounds really spectacular and may make you think that the company is a good one, but no decision should be made without evaluation. Doing so in the case of Grand Invest shows just how big a difference it can make because the platform boasts all the hallmarks of a scam under the surface. What are they? Read on to find out:

No licensing and regulation

One of the claims that Grand Invest makes and that impresses people is the fact that it is offering negative balance protection and maintaining segregated accounts for ensuring safety of funds. This is something that online brokers’ do, but is mostly a characteristic of companies that are licensed and regulated. They are required by regulatory authorities to adopt high standard and comply with laws and regulations and these are included.

Therefore, by making these claims, Grand Invest is implying that it is licensed and regulated, which is certainly not true. When you look into the broker’s background, you will come to know that it is owned and operated by a company named Nexus LLC, which is based in Saint Vincent and the Grenadines. This does not add any credibility to the broker at all. Why?

It is because Saint Vincent and the Grenadines is an offshore jurisdiction that has become a hotbed for scam and fraudulent companies. The Financial Services Authority (FSA) of the region has outright stated that they are not regulating the forex industry, which means anyone can set up a company on paper there and do whatever they like without any accountability. Thus, you cannot expect Grand Invest to offer you any of the same protections as that of a licensed broker because an offshore registration does not make any difference.

The trading platform is no good

The trading platform that is offered by an online broker can make a world of difference in your trading experience because it provides you with the tools and features that you use. They can come in handy in executing trades and making timely decisions that affect your bottom line. Hence, you need to check the trading platform that Grand Invest offers to determine what kind of experience you can have.

You will find that there is an unproven and basic web trading platform available at Grand Invest and it does not come close to the likes of the MT4 and the MT5, which are the most advanced and sophisticated platforms in the market. The oversimplified trading platform at Grand Invest is lacking in a lot of features and tools and cannot provide you the seamless trading experience you expect.

Excessive leverage

Checking the trading conditions of a broker is also essential because it affects your bottom line and leverage is one of the most important ones. It offers you flexibility during trading and most people will be attracted to the fact that Grand Invest is offering 1:300 leverage to its clients. But, you should bear in mind that such leverage ratios can be very dangerous. It is why most regulatory authorities have imposed a cap on the amount of leverage that is to be offered to retail traders.

No details on payment methods

When you engage in online trading, you have to make deposits and withdrawals and this means checking what payment methods are available. The problem with Grand Invest is they do not specify what payment methods are available. Instead, when you have to make a deposit, you need to message Grand Invest and they will give you instructions about how to hand over your money. There is no other information you will find about payment, which means you don’t know if a chargeback is possible or not. It means there will be no refund when you get scammed.

Ending Thoughts

All of these signs indicate that Grand Invest is a bad brokerage that does not have your best intentions at heart.