General Information
Grand Pacific Trade is an offshore broker registered in St. Vincent and the Grenadines. This island country has turned into a true safe haven for scammers in recent years because of the fact that its local financial authority does not regulate forex brokers.
The platform offers a diverse array of trading instruments, including forex, stocks, commodities, cryptocurrencies, and indices, enabling traders to speculate on various market assets. Grand Pacific Trade also provides multiple account types tailored to different trading preferences, with varying minimum deposit requirements, leverage options, and spreads to cater to traders with varying capital levels and risk tolerance. While the broker offers low spreads and leverage options ranging from 1:100 to 1:400, traders should exercise caution, given the concerns about its regulatory status.
In addition, Grand Pacific Trade offers a web-based trading platform but falls short compared to industry-standard platforms like MetaTrader 4 and MetaTrader 5, which provide more comprehensive charting and analysis tools. Customer support is available through email at support@grandpacifictrade.com, providing a channel for clients to contact the broker online. However, the inability to access the official website (https://grandpacifictrade.com/) and the prevalence of negative online reviews suggest potential risks associated with this broker, and traders should be aware of these factors before engaging in any trading activities.
Pros and Cons
Grand Pacific Trade presents a range of trading opportunities encompassing Forex, Stocks, Commodities, Crypto, and Indices, providing traders with diversity in market instruments. However, it faces concerns due to a lack of valid regulation, potentially raising legitimacy issues. The broker offers various account types to cater to different preferences but imposes high minimum deposits on some account types. While it provides leverage options of up to 1:400, its trading platform falls short of industry standards in terms of features. Grand Pacific Trade boasts low spreads as low as 0.0 pips but experiences limitations with website access due to firewall restrictions. Additionally, it faces negative reviews and lacks extensive online information about its reputation, making it a potential risk for traders.
Is Grand Pacific Trade Legit？
Grand Pacific Trade lacks valid regulation, which raises concerns regarding its legitimacy and oversight. Traders should exercise caution and consider the associated risks when dealing with this broker.
Market Instruments
Grand Pacific Trade provides multiple trading instruments like forex, stocks, commodities, crypto and indices.
Forex: Grand Pacific Trade provides a range of forex trading options, including major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.
Stocks: Traders can access a diverse selection of global equities through Grand Pacific Trade, with opportunities to trade stocks of companies like Apple Inc., Microsoft Corporation, and Tesla Inc.
Commodities: Grand Pacific Trade offers trading opportunities in commodities such as gold, silver, crude oil, and natural gas, enabling speculation on the price movements of these vital resources.
Crypto: The platform caters to cryptocurrency enthusiasts by offering access to popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and several others.
Indices: Grand Pacific Trade allows traders to engage in index trading, providing access to indices like the S&P 500, Dow Jones Industrial Average, and FTSE 100, which offer exposure to broader market trends.
Account Types
Grand Pacific Trade offers various account types to cater to different trading preferences. The Institutional account type requires a substantial minimum deposit of $100,000, offers a maximum leverage of 1:400, and boasts a minimum spread starting from 0.0.
For those with a smaller capital, the Corporate account type might be suitable, with a minimum deposit of $50,000, maximum leverage of 1:300, and a minimum spread from 0.5.
Traders looking for potential residual income can opt for the Residual Income account, which necessitates a minimum deposit of $10,000, provides a maximum leverage of 1:200, and has a minimum spread starting from 1.5.
The Basic account is designed for traders with limited capital, requiring a minimum deposit of $250, offering a maximum leverage of 1:100, and featuring a minimum spread from 1.6.
Lastly, the Retirement Plan account type, although lacking leverage, demands a substantial minimum deposit of $250,000 to cater to long-term retirement planning strategies.
Spreads
The spreads offered by Grand Pacific Trade are as low as 0.0 pips.
Minimum Deposit
The minimum deposit requirements at Grand Pacific Trade range from $10,000 for the Residual Income account to $250,000 for the Retirement Plan account, with varying amounts for other account types in between.
Payment Methods
Grand Pacific Trade offers several payment methods, including Credit/Debit cards, Bank Transfer, and Cryptocurrencies. However, it's important to exercise caution when considering making payments with this broker due to associated risks. Payment methods play a crucial role in the online trading process, as they facilitate the deposit and withdrawal of funds necessary for executing trades and ensuring a seamless user experience.
Leverage
Grand Pacific Trade provides access to a leverage of no less than 1:100 for each of its clients. Such amounts are actually banned in most places around the world.
Trading Platform
Grand Pacific Trade offers a web-based trading platform; however, it falls short when compared to industry-standard platforms like MetaTrader 4 and MetaTrader 5, which provide a more extensive array of charting and analysis tools, making them a more comprehensive choice for traders.
Payment Methods
As for the payment methods, Grand Pacific Trade mentions Credit/Debit cards, Bank Transfer and Cryptocurrencies. Truly, you should not consider making any payment with this broker because it is a risk.
Customer Support
Grand Pacific Trade provides customer support through email at support@grandpacifictrade.com, offering an avenue for clients to contact them online via a message submission system.
Risk Warning
Because of the firewall set up by Grand Pacific Trade, we were unable to access the site (https://grandpacifictrade.com/) at all. We can only find some fragmentary information on the Internet, and most of them are negative reviews. Please be aware of the risk!
FAQs
Q: Is Grand Pacific Trade a legitimate broker？
A: Grand Pacific Trade lacks valid regulation, raising concerns about its legitimacy and oversight. Traders should be cautious and consider associated risks.
Q: What market instruments does Grand Pacific Trade offer？
A: Grand Pacific Trade provides options for forex, stocks, commodities, cryptocurrencies, and indices trading.
Q: What are the account types offered by Grand Pacific Trade？
A: Grand Pacific Trade offers various account types, including Institutional, Corporate, Residual Income, Basic, and Retirement Plan, catering to different trading preferences and capital levels.
Q: What leverage options are available at Grand Pacific Trade？
A: Grand Pacific Trade offers leverage ranging from 1:100 to 1:400, allowing traders to choose based on their risk tolerance and capital.
Q: What are the minimum deposit requirements at Grand Pacific Trade？
A: Minimum deposit requirements vary, from $10,000 for the Residual Income account to $250,000 for the Retirement Plan account, with varying amounts for other account types in between.
Q: What payment methods does Grand Pacific Trade accept？
A: Grand Pacific Trade accepts payment methods including Credit/Debit cards, Bank Transfer, and Cryptocurrencies, but caution is advised due to associated risks.
Q: What trading platform does Grand Pacific Trade offer？
A: Grand Pacific Trade offers a web-based trading platform but falls short when compared to industry-standard platforms like MetaTrader 4 and MetaTrader 5 in terms of features and tools.
2023-02-22 15:22
2023-02-15 10:08
