Company News

On December 4th, 2017, Grand Capital and FinaCom decided to prolong their partnership as a result of the annual certification procedure. Grand Capital became a member of FinaCom, a dispute resolution commission for the participants of Forex market, in January 2016.

Learn here what it means for the company and our clients.

What is FinaCom

FinaCom, or Financial Commission, is an independent international dispute resolution committee dedicated to Forex market. FinaCom investigates the claims of traders and brokers and acts as a neutral party in the disputes. The board consists of industry professionals who study the information provided by both parties and make a ruling based on evidence.

Why it’s important for us

Financial Commission unites the brokers that place value on industry transparency and their business reputation, making the quality of their services the top priority. By joining Financial Commission brokers confirm that they are ready to uphold the accepted standards.

Why it’s important for our clients

Membership in Financial Commission is designed to provide an honest and open dialogue. The clients of a member company receive access to unbiased arbitration and an opportunity to protect their interests. In case of any disputes, the clients can always appeal to FinaCom experts. They will look into the case and resolve the dispute.

Grand Capital team

Here are the results of the last trading week.

The most active client

Placed 941 trades, including 778 profitable ones and 163 that resulted in a loss. All trades involved GBP/USD.

Maximum deposit growth

In one trading week on a single account was $27 540,00.

The most profitable trade of the week

Resulted in a profit of +$18 735,00. The trade was opened on the 21st of November at 11:13 AM and closed on the 27th of November at 2:52 PM.

The most interesting trading instruments chosen by traders:

• ROUGH RICE — rough rice futures contract. Rice is one of the most cost-demanding grain crops. It is produced all over the world and is second by the production volume among the top three grains, standing between wheat and corn. Minimum price step is 0.5 cent and costs $10;

• Dow Jones — Dow Jones stock index mini futures contract. DJIA (Dow Jones Industrial Average) index is the oldest American market index existing today. It was designed to follow the development of the industrial segment of American stock markets. The index comprises 30 major American companies. Although the index is still called "industrial", the large portion of the companies included have nothing to do with heavy industry. The contract size for DJIA is calculated according to the formula: $5 multiplied by the index quote;

• #MAGNIT («Магнит») — a Russian food retail company and an eponymous supermarket chain. As of December 31, 2016, the company's network included 14,059 stores. In 2016 the company's revenue amounted to 1.07 trillion RUB;

• #PFE (Pfizer) — an American pharmaceutical corporation, one of the world’s largest companies in the industry. Pfizer shares were included in Dow Jones Industrial Average on the 8th of April, 2004;

• #NIKE — an American company, a world-famous manufacturer of sportswear. According to analysts, Nike owns almost 95% of the US basketball footwear market. The brand is estimated at $10.7 billion and is the most valuable trademark in the sports industry. It is included in Dow Jones industrial index since September 2013.

Earn more with Grand Capital!

The winner of the 392nd round of Drag Trade lives in India, works as a mechatronics engineer and has been trading on financial markets for about five years. Pongurlekar Sunand Sudhir told us how beginners should polish their skills, what strategies should be used with scalping and how to choose a broker.

Tell us a little bit about yourself, how old are you, where do you work?

I am a 27-year-old engineer with graduation in Bachelor of Engineering Mechatronics. My work is related to automation and robotics, I have to calibrate machines to work in the desired manner with the help of computer programming.

How did you start trading? How did it all begin?

I started with Forex trading during my final year of studying engineering so I have been around the world of Forex for about 4–5 years. I started Forex trading when I looked at the volatility in Forex market during major economic data releases. I found this volatility as an opportunity to place trades. Initially, I started with a demo account and have been participating in many contests including those conducted by Grand Capital for more than 3 years. It is only last year that I started trading on live accounts so I am still a novice when it comes to trading on real accounts.

How popular is trading in India?

Forex trading was somewhat less popular in my country when I began 5 years back. However, nowadays there is more awareness about Forex trading in India and many brokers are offering local bank deposit/withdrawal option at competitive exchange rates to Indian customers. Many international brokers have their partners and IBs in India and even some have opened up offices in India.

How did you learn to trade?

I learned to trade from reading technical analysis books, technical analysis research of analysts, watching Youtube videos and attending seminars organized by brokers.

As a novice trader, I experienced a lot of problems with risk management and placing stop losses to exit losing trades. As a result, I believe that the paramount factor in Forex trading is how to manage your losses.

What’s your trading style? What strategies do you use?

The volatility is my best friend. My trading style is scalping and news trading during important economic data releases. My prime trading strategy involves scalping and using technical tools such as moving averages, Bollinger bands, MACD and Fibonacci levels on short-term charts like 1m, 5m, 15m. I believe in cutting my losses as quickly as possible and never average the trades.

What are your favorite trading instruments?

I prefer to trade mainly major Forex pairs such as EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD and EURGBP. I believe they have the best liquidity and as a result the tightest spreads of all the asset classes which is important while scalping.

What do you look at when choosing a broker?

I mainly look out for tight spreads, faster execution of trades, no hassle in deposit/withdrawal of funds, security of funds and lastly, local bank deposit/withdrawal option for Indian customers. In fact, I opted Grand Capital for the local bank deposit/withdrawal option. Also, I admire the way Grand Capital organizes contests regularly.

What are your impressions of Grand Capital contests?

As I said earlier, I like demo contests and moreover, your Drag Trade contest is a high reward contest as the winner stands a chance to win a prize in a duration of only 1 hour. Drag Trade contest offers high initial capital of USD 100 000 so even if you make few losses then also you can recover and come back.

What piece of advice can you provide for beginners?

Lastly, I am myself a novice trader but if there was one piece of advice I would give to rookie traders than it would be "Do not worry about your profits but restrict your losses to a minimum and the profits will follow".

I would like to conclude by saying only this quote "The world of Forex is very fickle so our job is not to reason why, but our job is to only sell and buy".

P.S. Learn the contest rules and sign-up for the next round here.

Last week’s top traders in our latest recap.

The most active client

Placed 548 trades, including 435 profitable ones and 113 that resulted in a loss. The majority of trades involved GBP/USD.

Maximum deposit growth

In one trading week on a single account was $44 000.00.

The most profitable trade of the week

Resulted in a profit of +$6430.00. The trade was opened on the 9th of November at 1:40 PM and closed on the 23rd of November at 10:14 AM.

The most interesting trading instruments chosen by traders:

• COPPER — Copper futures. Contract volume is 25 000 pounds (around 11.34 tons). Minimum price step is $0.0005 per pound ($12.5 per contract). Millions of investors follow the copper quotations every day. Copper is the first metal to be worked and used by man. Total world production of copper is about 16 million tons per year;
• AEX — AEX index futures. The size of the contract is calculated by multiplying €200 by the index quote. The quotes are specified in the index points. 1 tick equals 0.05 index point and costs €10.00. AEX index is one of the Netherlands’ most important stock indices and encompasses 25 of the country’s major companies;
• @EGBP — Euro/pound cross currency futures. It's a low activity contract with daily volumes not above several hundred contracts. The size of the contract is 125 000 EUR. Minimum price fluctuation (1 point and 1 tick) is 0.00005 GBP for a contract or 6.25 pounds per contract;
• #MSFT (Microsoft Corporation) — the world’s largest software company. As of 2016, the company's revenue is $86.6 billion. Net profit for July–September 2017 was $6.58 billion, or 84 cents per share. Last year’s values are $5.67 billion and 72 cents;
• #AXP (American Express) — American financial company. The most famous products of the company are credit cards, charge cards and traveler's cheques. In 2016 American Express was listed 95th in the Forex Global 2000 rating of the major public companies, it also was 247th by revenue, 104th by net profit, 171th by assets and 129th by market capitalization.

Earn more with Grand Capital

Grand Capital will participate in Money Fair expo in Shanghai from the 1st to the 3rd of December. Money Fair is the largest financial expo in China and will be welcoming the participants for the 15th time in 2017.

We will present Serenity, the first blockchain-secured marketplace for financial market trading. Our team will be expecting visitors at the booth W02. Join our WeChat group, take a photo at our booth and receive gifts from our company!

Expo address: Shanghai Exhibition Center, No 1000 Middle Yan'án Road.

Open hours: 9:00 AM–4:00 PM on December 1st–2nd and 9:00 AM–2:30 PM on December 3rd. Learn more on MoneyFair website.

Grand Capital team

Follow the best traders in our weekly recap.

The most active client

Placed 742 trades, including 505 profitable ones and 237 that resulted in a loss. The majority of trades involved EUR/USD and GOLD.

Maximum deposit growth

In one trading week on a single account was $22 381.47.

The most profitable trade of the week

Resulted in a profit of +$5959.93. The trade was opened on the 6th of November at 12:14 PM and closed on the 15th of November at 4:06 PM.

The most interesting trading instruments chosen by traders:

• LIVE CATTLE — deliverable futures contract for 40 000 pounds of live cattle. Household livestock raised to produce beef is the largest segment of American agriculture. Minimum tick is 2.5 cent, which equals $10.00;
• ORANGE JUICE — orange juice futures contract. The contract size is standardized and is 15 000 pounds (approximately 6.9 tons). One tick is 0.05 and costs $7.5;
• #ROSTEL («Ростелеком») — a Russian largely state-owned telecommunications company, provides local and long-distance telephone services, broadband Internet access (Russia’s largest provider by the number of subscribers), interactive television, cellular communications, etc. Turnover: 297.45 billion RUB (2016);
• #GOOGLE (Google Inc) is an American multinational public corporation that invests in web search, cloud computing, and advertising technologies. Google supports and develops a number of Internet services and products;
• #CVX (Chevron Corporation) — America's second largest energy corporation (after Exxon Mobil), one of the biggest companies in the world. In 2015 it was listed third in Fortune 500 and twelfth in Fortune Global 500 in 2014.

Earn more with Grand Capital

Dear clients!

Since November 20th 2017, the margin requirements for several instruments of Forex category are going to change. They will be brought to the average market values. For instance, the margin for NOK and SEK pairs will double, and for SGD, ZAR, CNY, MXN and SILVER pairs will be increased fourfold and for HKD and DKK pairs will be increased tenfold.

The changes will affect Standard, Micro and Swap Free accounts. Please be careful and bring your trading balances into accordance with the new requirements until the 20th of November. Make sure that you have sufficient amount of funds on your account or your open positions will be force-closed.

Detail specifications. New margin requirement percentage is specified after each pair:

• CHF/SGD Swiss Franc vs. Singapore Dollar — 4%

• EUR/HKD Euro vs Hong Kong Dollar — 10%

• EUR/NOK Euro vs. Norwegian Krone — 2%

• EUR/SEK Euro vs. Swedish Krona — 2%

• EUR/SGD Euro vs Singapore Dollar — 4%

• EUR/ZAR Euro vs South African Rand — 4%

• GBP/DKK British Pound vs. Danish Krone — 10%

• GBP/NOK British Pound vs. Norwegian Krone — 2%

• GBP/SEK British Pound vs. Swedish Krona — 2%

• GBP/SGD British Pound vs Singapore Dollar — 4%

• NZD/SGD New Zealand Dollar vs. Singapore Dollar — 4%

• USD/CNY US Dollar vs. Chinese Yuan — 4%

• USD/DKK US Dollar vs. Danish Krone — 10%

• USD/HKD US Dollar vs. Hong Kong Dollar — 10%

• USD/MXN US Dollar vs. Mexican Peso — 4%

• USD/NOK US Dollar vs. Norwegian Krone — 2%

• USD/SEK US Dollar vs. Swedish Krona — 2%

• USD/SGD US Dollar vs. Singapore Dollar — 4%

• USD/ZAR US Dollar vs. South African Rand — 4%

• SILVER Silver vs. US Dollar — 4%.

Margin requirements for the rest of instruments remain the same.

We remind you that Forex margin depends on the instrument, leverage, current price and trading volume. You can calculate the margin on the trader’s calculator.

If you have any questions regarding our services, contact our support managers via online chat on our website or by e-mail [email protected].

Grand Capital team

Read about the last week’s trading results.

The most active client

Placed 726 trades, including 384 profitable ones and 342 that resulted in a loss. The majority of trades involved EUR/USD, USD/CHF and GOLD.

Maximum deposit growth

In one trading week on a single account was $33 778,95.

The most profitable trade of the week

Resulted in a profit of +$26 639,42. The trade was opened on the 8th of September at 8:00 AM and closed on the 8th of November at 11:36 AM.

The most interesting trading instruments chosen by traders:

• SOYBEANS — soybean futures. One of the oldest, most popular and respectable futures contract. Contract volume is 5000 bushels. Minimum price step is 0.25 cents and costs $12.5;
• FTSE — a futures contract for the British index FTSE 100. The contract size is calculated according to the formula: £10 multiplied by the current index quote. One tick costs £5. FTSE 100 is a leading index of a British Stock Exchange. It is considered one of the most influential stock exchange indicators in Europe;
• #GE (General Electric) — an American multi-industry corporation, a manufacturer of many types of equipment, including locomotives, power plants, gas turbines, aircraft engines, medical equipment, etc. As of 2016 the market capitalization of General Electric is $288 billion;
• #IBM (International Business Machines) — one of the world’s largest producers and suppliers of software and hardware, as well as IT and consulting services. As of 2016, IBM’s turnover is $80.8 billion;
• #XOM (Exxon Mobil Corporation) — an American company, the largest private oil company in the world. The company conducts oil production in various regions of the world, including USA, Canada, the Middle East, etc. Exxon Mobil has a network of filling stations in more than 100 countries. One of the largest corporations in the world in terms of market capitalization ($366.98 billion as of 2017).

Earn more with Grand Capital!

On the 15th of November, Head of GC LTD Giancarlo Spinnato, together with UpTrader, a software provider and our partner, will participate in Finance Magnates London Summit ‘17.

The event will gather more than 2000 financial industry players: brokers, developers, banks, hedge funds and start-ups. Our team will be receiving guests at the booth №2.

Giancarlo Spinnato:

“Recently the industry has seen a lot of revolutionary changes. Just look at how blockchain technology changes literally everything around us. You won’t get too far without cooperation and partnership at times like these. The events such as Finance Magnates summit help establish relationships and “stay on trend”. We have a lot to show you in London, and it’s always useful to learn what our colleagues and clients think about our products. It’s already become a tradition for us to participate in expos together with our partner, UpTrader. This year’s London Summit is shaping up to be particularly eventful and rich. We’ll be glad to see you all at our booth. Also, we’ll be presenting our new project, Serenity, to the professional community”.

Expo address: 1 Old Billingsgate Walk, London.

The expo is open from 9:00 AM to 6:15 PM. Learn the details on the Finance Magnates London Summit website.

We look forward to seeing you in London!

Grand Capital team

Meet two winners of Rally Trade and one winner of Micro Trade in our new interview round-up.

We think it’s very reasonable to learn from others’ experience, that’s why we try to make our interviews more useful for beginners. The winners talk about their winning strategies and provide advice on risk management.

Maksim Meshkov, the winner of the 205th round of Rally Trade, received no-deposit bonus of $500.

“I’m a veterinarian. First I got introduced to the market in 2014. I started with binary options, they were aggressively marketed at the time. About a year later I started wondering about Forex. At first, I was learning the basics on my own. However, I quickly realized that those massive amounts of information were really confusing. So I enrolled in a course and everything was broken down for me and I started to understand what trading is. My trading day starts before the European session. One of my rituals is getting all unnecessary things off the desk and getting my monitors ready. My most successful trade involved GBP at the time of Brexit. I was bold enough to hold the position and took 1100 points. But greed and emotions got the best of me on the same day and I lost half of my profit. Mostly I trade with GBP/USD and GBP/JPY. The second pair is very volatile and can get you 400-700 points in a day. Sure, you can easily lose just as much. My favorite strategy is Price Action. When I choose a broker, I pay attention first of all to how long they’ve been working on the market. Grand Capital is one of the long-living companies. Among other advantages are excellent order execution, low spreads and fast withdrawal. The only thing I’d add is one more contest, specifically for binary options.”

Maksim Abramov, Russia, the winner of the 81st round of Micro Trade, received 300% of the difference in account equity

“Now I work as a tire fitter and I’ve been trading for about 10 years in total. During this time I had my ups and downs. I have a mathematical mindset, that’s why I find use for my skills in trading. I think that the most important thing for a trader is the ability to control emotions. Many give up after big defeats. I’m not one of them and I always go all the way. Actually, I’m always on the market. At any given time I have some open trades. During my years of trading I have tried many strategies, but I stuck with the levels. Now I trade with breakouts of daily maximums and minimums, and my favorite instruments are the dollar, the pound, the yen and gold. When choosing a broker I look at the reviews and trading conditions. I abandoned my previous broker because they implemented a limit on the amount of simultaneously open trades. I don’t like to be constrained. I’ve been participating in Micro Trade for a long time, but I never won anything. Probably my trading was a bit raw. Now everything is fine in that department.”

Amadeu Costa, Portugal, the winner of the 206th round of Rally Trade, received no-deposit bonus of $500

“I’m 50 and I’m a programmer. I started trading a year ago. I like analyzing financial markets and following the economic statistics. I have a predisposition towards bearish trends, so it can be a bit of a problem on a bull market. I studied various strategies, but I’m not really well-versed in all that. I mainly rely on my intuition and macroindicators. However, the psychology of the market sometimes can be so irrational. Recently I placed a marvelous trade: I earned 1000 Euro with the deposit of 10 Euro. But in the next trade I lost all my profit. I’m a short-term trader, sometimes I win and sometimes I lose. Among my favorite instruments are DAX index and EUR/USD, GBP/USD pairs. I’m only beginning my trading career and trying to earn enough money for deposit in contests. I liked Rally Trade for being a short contest and the results were available right away.”

P.S. Learn the contest rules and sign-up for the next round here.