Is it Safe to Invest in GrandCapital? A Complete GrandCapital Review
GrandCapital states it is using FutureArcPro Limited’s trademark, which it says is registered in Saint Vincent and the Grenadines under the registration number 26398 BC 2021. Nevertheless, a careful examination shows that this assertion is false. GrandCapital is not recognized as a regulated forex broker by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), despite the registration being active. In actuality, neither the SVG FSA nor its licensees oversee forex trading in any way. Therefore, merely being registered in this jurisdiction does not provide one the right to offer financial services. This detailed GrandCapital review delivers the guidance you need to make well-informed decisions in today’s dynamic financial landscape.
GrandCapital Broker Overview
Website: https://grandcapitalcg.com/
Website Availability: No
Official Address: Saint Vincent and the Grenadines
Blacklisted By: Commission de Surveillance du Secteur Financier (Luxembourg)
Domain Information:
- Domain Name: grandcapitalcg.com
- Registry Domain ID: 2690365864_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy.com
- Registrar URL: https://www.godaddy.com
- Updated Date: 2024-05-30T11:16:17Z
- Creation Date: 2022-04-19T10:50:26Z
- Registrar Registration Expiration Date: 2025-04-19T10:50:26Z
Dubious Claims of Regulation
In addition to its Saint Vincent registration, GrandCapital alleges a presence in Switzerland. However, upon checking with the Swiss Financial Market Supervisory Authority (FINMA), no information corroborates GrandCapital’s claims. This lack of verification indicates that GrandCapital operates without the oversight of one of the most reputable financial regulatory bodies.
The situation escalates further with a warning from the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg. It is specifically stated by the CSSF that GrandCapital is not under their supervision and is not permitted to provide investment services or any other type of financial services from or within Luxembourg. Such warnings should serve as red flags for potential investors, highlighting the high-risk nature of dealing with GrandCapital.
Implications for Investors
The absence of regulation from recognized authorities means that GrandCapital is not bound by any legal frameworks that protect investors. As a result, entrusting this broker with your money poses significant risks. Without regulatory oversight, there is no assurance that investors’ funds will be safeguarded.
Conclusion
Given the lack of regulation and the multiple warnings issued by financial authorities, it is evident that GrandCapital operates in a highly questionable manner. The combination of unverified registration claims, absence of oversight in key jurisdictions, and explicit warnings from regulatory bodies indicates that GrandCapital is not a trustworthy broker. Investors need to conduct thorough due diligence and choose only those platforms that are regulated and recognized by reputable financial authorities to ensure the safety of their investments.
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Note: The information provided in the above GrandCapital review is derived from existing web GrandCapital reviews. Please be aware that we cannot be held liable for any legal action taken by GrandCapital company. If you have any inquiries or concerns, kindly reach out to us via email at [email protected].
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