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Grand Capital in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%80
- Safety20%0
- Payouts15%99.8
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Grand Capital Ltd
- Founded
- 2006
- Retail leverage
- 500IN
- Round turn
- 9 USDIN
- Currencies
- No verified INR account; USD base.
- Swap-free account
- yes
Licence check
Open an account with Grand CapitalThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Grand Capital Ltd
- Local standing
- Unregulated in India; offering OTC forex to residents conflicts with FEMA/SEBI rules. No specific SEBI alert verified at review.
- Licence as the register states it
- No SEBI/RBI authorization; offshore only.
- Leverage for this entity
- Up to 1:500 (Micro/Standard); some accounts capped 1:100; crypto 1:3.
- The firm behind it
- Founded 2006, CIS roots; offices across Asia incl. India; FinaCom member, EUR 20,000 client insurance.
- What we hold against it
- Seychelles FSA scam alert (never authorized); low third-party safety scores; offshore.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUnregulated in India; offering OTC forex to residents conflicts with FEMA/SEBI rules. No specific SEBI alert verified at review.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Micro, Standard, MT5, ECN Prime, Swap-Free. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Grand Capital sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 9 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 10 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, bank wire, crypto (BTC/USDT/ETH);
- Cards
- Bank wire
- Crypto
- Account currency
- No verified INR account; USD base.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(15 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- WebTrader
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1 |
| MT5 | — | 1 |
| WebTrader | — | 1 |
| All instruments | 500+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 5, 55 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(5 for and 4 against, each tied to a figure on this page)
- Min deposit 10 USD, under the India median 15
- Withdrawal in 0.25 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, WebTrader
- Round turn 9 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 200IN
- Rank in this country
- #19
- Round turn, USD
- 7IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 2000 group
- Rank in this country
- #56
- Round turn, USD
- 7IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #24
- Round turn, USD
- 10IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #17
- Round turn, USD
- 9IN
- Min deposit, USD
- 25 groupIN
- Leverage
- 1000IN
- Rank in this country
- #12
- Round turn, USD
- 4IN
- Rank in this country
- #4
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Grand Capital |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 100 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Grand Capital accept residents of India?
- No. Unregulated in India; offering OTC forex to residents conflicts with FEMA/SEBI rules. No specific SEBI alert verified at review. Onboarding entity: Grand Capital Ltd
- Is Grand Capital licensed to serve clients in India?
- No SEBI/RBI authorization; offshore only. Checked on 09.07.2026.
- How much does one round turn cost at Grand Capital?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Grand Capital offer to retail clients in India?
- Up to 1:500. Up to 1:500 (Micro/Standard); some accounts capped 1:100; crypto 1:3.
- Which trading platforms does Grand Capital support?
- MT4, MT5, WebTrader. Instruments: 500+ assets: FX, crypto, stocks, indices, metals, commodities.
- How can I withdraw money from Grand Capital in India?
- Cards, bank wire, crypto (BTC/USDT/ETH); India-specific rails not verified at review.
- What account types does Grand Capital offer?
- Micro, Standard, MT5, ECN Prime, Swap-Free.
- Does Grand Capital offer a swap-free (Islamic) account?
- Yes. Grand Capital offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.