Forex brokerage Grand Capital said it has added an option for Vietnam-based clients to deposit via a local payment system – e-bank Bao Kim. Traders with Grand Capital can for the first time fund their accounts in Vietnamese dongs (VND).
Bao Kim deposits take just 15 minutes and the broker charges no deposit fees. Fund can be transferred in USD and VND.
Bao Kim is based on online payment systems like PayPal, Skrill, etc. The service is provided by Bao Kim E-Commerce JSC, a subsidiary of Vatgia.com. The system is used on desktop and mobile devices by more than a million customers and works with Vietnamese banks and local payment systems. Payments via Bao Kim are accepted in 8,000 shops online and offline.
Earlier this week, Weltrade also announced the addition of Bao Kim deposits for clients in Vietnam.
In addition to the newly-added e-bank, Grand Capital also supports more international deposit and withdrawal options via bank transfers and bank cards, Western Union and MoneyGram, e-payment systems OKPay, Neteller, FasaPay, WebMoney, UnionPay, Yandex.Money, Skrill, among others.
Grand Capital also announced it has hiked collateral for Russian stock CFDs to 30% from 10%. The new conditions were required due to change in trading conditions provided by liquidity providers.
Grand Capital is based and incorporated in the Seychelles and has offices across Europe and Asia. It provides financial, educational and brokerage services and offers trading in forex, binary options and contracts for difference (CFDs) on stocks, gold, oil, lumber and forex instruments. It provides a few different programs for affiliate partners.