Grand FT Market Review: Introduction
Grand FT Market operates as an unregulated broker, functioning under the banner of GRAND FT Market Limited and registered in Saint Vincent and the Grenadines. Despite the broker’s assertions of offering a wide range of tradable assets, the absence of regulation gives rise to legitimate concerns regarding the broker’s trustworthiness and the safeguarding of investors. It’s imperative to approach the Grand FT Market with caution, taking into account the lack of regulatory oversight and the negative feedback reported on various platforms.
This Grand FT Market review also provides insightful information on areas to be wary of, particularly when it comes to Forex scams, cryptocurrency scams, phishing scams, romance scams, Bitcoin scams, Gift card scams, and other possibly fraudulent activities.
Website – https://www.grandftmarket.com/
Address – Saint Vincent and the Grenadines
Warned By – Not recommended by review websites like Cyber Scam Recovery
Domain Age –
| Domain Name | grandftmarket.com |
|---|---|
| Date Registered | March 04, 2022 |
| Domain Age | 1 year, 7 months, 23 days, 2 hours, 48 minutes, 51 seconds |
Grand FT Market, an unregulated brokerage located in Saint Vincent and the Grenadines, comes with its own set of drawbacks that merit consideration. Firstly, the absence of regulatory oversight gives rise to doubts concerning the broker’s reliability and the protection of investors. Operating without the vigilance of established financial regulatory bodies, Grand FT Market operations are not subject to industry-standard supervision.
Grand FT Market Review: Regulation
Secondly, the broker has garnered negative feedback and warnings from other platforms, with reported grievances and warning signs related to its activities, including mentions of pyramid scheme allegations. These critical aspects necessitate careful evaluation before contemplating the Grand FT Market as a prospective brokerage option.
Victims of Grand FT Market scam can file a quick complaint here!
Trading Instruments
Grand FT Market offers a range of tradable assets, including forex currency pairs, indices, commodities, stocks CFDs, ETF CFDs, CFDs on Bitcoin, and cryptocurrencies.
Grand FT Market Review: Trading Platform
Grand FT Market provides a range of trading platforms designed to accommodate diverse trading preferences. These options encompass Desktop Trader, Webtrader, iOS Trader, Android Trader, and MyFxBook.
Trading Conditions
Trading accounts at GRAND FT Market offer varying features. The Cent account stands out with a maximum leverage of up to 1:1000, while the other four accounts provide leverage of up to 1:500, which is considered quite high.
The spreads and commissions at Grand FT Market are determined by the type of trading account you choose. The Cent, Standard, and Pro accounts offer a commission-free trading environment. The spreads on these accounts range from 1.5 pips, 1 pip, to 1-1.5 pips, respectively.
If you opt for the Raw Spread account, you’ll benefit from spreads starting at 0.6 pips. The Insurance account also provides spreads starting at 1 pip. However, both of these accounts come with an additional commission of $3 per lot per side.
Grand FT Market Review: Customer Support
Grand FT Market offers customer support through a variety of channels. Their official website is accessible in several languages, ensuring they can serve a more diverse clientele. Clients can get in touch with their customer support team through telephone or email. It’s important to note that online chat support is not an available option.
For clients situated in the United Arab Emirates, the company’s physical address is Boulevard Plaza, Tower 1 – Level 8 Sheikh Mohammed bin Rashid Blvd – Downtown Dubai, Dubai. If you wish to make customer inquiries, you can contact them via email at gft-uae@grandftmarket.com.
Conclusion
Grand FT Market is a site shrouded in mystery and is in need of validation. It lacks the necessary authorization to provide trading services, as it does not possess a valid license and is soliciting clients from various countries. Therefore, we strongly recommend avoiding such brokers, as your financial assets may be exposed to significant risk.
If you’ve become a victim of a Grand FT Market scam or any other fraudulent scheme, you have the chance to take action by registering a complaint against the wrongdoers. By completing a complaint form on our website, you’ll qualify for a free consultation with our team of experts, who will assist you in navigating the process of recovering your funds.
Checkout the list of scam brokers 2024 and scam brokers 2023.
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Originally posted 2023-10-25 13:37:13.