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Forex binary options and contracts for difference (CFDs) broker Grand Capital said on Thursday it has started compensating withdrawal commissions for active traders who use Standard trading accounts and who have active Golden status as per the broker’s loyalty program PayBack.
For withdrawals via e-payment systems, Grand Capital will compensate all commissions. For bank wires and bank card withdrawals clients who meet the above mentioned requirements will pay lower commission fees. Active traders will pay €30 commissions for bank wires, down from €50, while those who use bank cards will only pay $10 and will be exempt from the additional 2% fee from the withdrawn amount that other traders pay.
The fee compensation will not apply for transfers via Western Union and MoneyGram.
Grand Capital’s clients can chose to withdraw funds from their trading accounts from a wide range of payment systems. Details about the different payment methods and the regular commission fees paid for withdrawals follow:
Active traders can take part in Grand Capital’s loyalty program PayBack, under which they can receive a monetary compensation for active trading. The program is offered to clients with a Standard accounts trading any assets except contracts for difference (CFDs) on US and Russian stocks.
Traders using the PayBack program can earn a status and get rewards in accordance with their status. They based on an investor’s number of active trading days, rather than on the number of lots. All traders can become loyal Gain Capital clients, as long as they have at least six days of active trading.
Grand Capital is based in the Seychelles and is a member of Russia’s Center for Regulation in OTC Financial Instruments and Technologies (CRFIN), a Russian self-regulatory organization, and the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization. It has offices across Europe and Asia.
The broker provides financial, educational and brokerage services and offers trading in forex, as well as in binary options and CFDs on stocks, gold, oil, lumber and forex instruments.
Source: Grand Capital