Today I’m looking at a Forex broker that want to provide traders with a comfortable and confident environment, Forex Grand. This broker isn’t overly popular, but recently I’ve received some emails about it, so I figured it’s worth a closer look.
The broker is run by Nordic Pearl LTD, and is located at Geo Milev District 43, Shipchenski Prohod Blvd., Entrance A, Floor 1, Office 5, Sofia, Bulgaria. Traders can get in touch with the support team via phone +41 22 533 01 86, or email email@example.com.
Review of Forex Grand
Founded in 2012, the Forex Grand brokerage wants to be “your reliable assistant in the world of trading.” The about us section is quite odd and unprofessional. It’s told in the form of a story about the creator of the broker “Mr. Grand” and goes all the way back to the 17th century. He tells us about his ancestors and their impact on the financial markets which led to his decision to become a financial professional. He explains that he worked with a variety of different banks and auditing companies until finally diving into the Forex market for about 3 years to understand how both sides of the market works.
Recently they’ve lowered the minimum deposit which ensures that the brokerage services are “available for millions of traders around the globe.”
- Type: Forex Broker
- Founded: 2012
- Location: Bulgaria
- Minimum Deposit: $250
The Three Different Account Types
Forex Grand currently provides traders with 3 different options. The basic account, the gold account and the platinum account.
The basic account requires a minimum deposit of $250 and offer spreads from 2.5 pips. Traders get access to an account manager and just about everything else is the same. With the gold membership traders are required to deposit $1000, which provides a 1.5 pip spread. The only difference for the platinum account, is that traders are required to deposit $50,000 which provides access to a 0.5 pip spread and a senior account manager.
None of these accounts are that different outside of the deposit, spread and level of support. They all run on the meta-trader 4 platform with leverage up to 1:300, a stop out level of 5% and STP Market execution with no requotes.
Learning Through The Education Center
On the front page of the website, the first sentence we see states that we have access to “free education with the founder of Forex Grand.” So, obviously this is a very important aspect of their services.
Yet, the education center is very underwhelming. The first link in the education center is to their live webinars, but instead of seeing webinars all we see is a “coming soon” statement. I find it very odd that the people behind this brokerage would put so much weight into the education they provide, and then give us so little.
The only aspect of the education center that seems to be working or beneficial is the educational newsletter, but this could just be a grab for your email address. I haven’t tested to see if the information in this newsletter is credible at this point, and I’ll have to update this review with that information later.
There are both positives and negatives when it comes to the Forex Grand brokerage. The website is professional outside of the about me section, and their promises of speed, low spreads and analytics are impressive. However, their education center is lacking and I’m finding it difficult to find something remarkable that sets this broker apart from the rest.
I hope that you will leave a comment at the bottom of this review and let me know what you think about this brokerage. If you are looking for trading systems to utilize and help you trade with meta-trader 4 brokers, I recommend you go to the best Forex robot page and see what is working for the Forex community today.