Grand Markets-Some important Details about This Broker

Note: Since Grand Markets official site (https://grand-markets.com) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information

Grand Markets is allegedly a broker based in Luxembourg that provides its clients with flexible leverage up to 1:300 and a choice of four different account types.

Account Types

There are four live trading accounts offered by Grand Markets, namely Lite, Islamic, Plus and Elite. Opening a Lite or Islamic account requires the minimum initial deposit amount of €1,000, while the other two account types with the much higher minimum initial capital requirements of €2,000 and €5,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Lite or Islamic account can experience the leverage of 1:100, while the Plus account with the leverage of 1:200 and the Elite account can enjoy the maximum leverage of 1:300. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Customer Support

Grand Markets customer support can be reached by telephone: +35220331497, email: support@grand-markets.com. Company address: 5, Grand-Rue L-1661, Luxembourg LU.