Grand Capital, a Seychelles-based forex, CFD and binary options broker, announced it is launching trading in six of the most popular digital currencies: Bitcoin, Ethereum, Peercoin, Namecoin, Dashcoin, Litecoin. It is the latest forex broker to offer some kind of instruments involving cryptocurrencies.
The new instruments are available only on ECN Prime MetaTrader 4 (MT4) accounts, with a minimum deposit of $1000. Trading is conducted on the major cryptocurrency exchanges and depth of market allows for execution at best prices.
The broker offers the following pairs: PPCBTC, PPCUSD, NMCUSD, NMCBTC, LTCUSD, LTCEUR, LTCRUB, LTCBTC, DSHBTC, DSHUSD, ETHBTC, ETHEUR, ETHLTC, ETHRUB, ETHUSD, BTCUSD, BTCEUR, BTCRUB.
The maximum leverage is 1:33, or 33% margin requirement. Grand Capital charges a commission of 0.25% per trade or 0.5% round turn. The minimum trade size is 0.01 lot and the maximum is 1000 lots. For the time being the only account currency is USD, but the broker promises to launch deposits in Bitcoin soon.
“Even ten years ago the very idea of cryptocurrency seemed rather bizarre. But time has passed, the world has changed and the Internet has changed”, said Stanislav Vaneev, CEO Grand Capital. “Now cryptocurrencies have become an unalienable part of transactions and, like any other currency, a means of income.”
Grand Capital offers trading in forex, CFDs on stocks, gold, oil, lumber and forex instruments and binary options. Its clients can sign up for five types of trading accounts, starting with a minimum deposit of $10 and leverage of up to 1:2000 for the Swap Free type of account. The trading platform is MetaTrader 4. There are also affiliate programs, a free demo trading account, economic calendar and analytical articles.
Currently Grand Capital has offices in Russia, Ukraine, Kazakhstan, Georgia, South Africa, Germany, Portugal, Indonesia, Philippines, India, Nigeria and Netherlands.
Recently Grand Capital upgraded its ECN accounts in partnership with the fintech company AMTS solutions.
Last week the broker expanded its presence with new offices in South Africa and Nigeria.