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Grand Capital plans to get CySEC license in 2017

Dec 27 2016
By
Jonathan Smith

In an interview for online media Finance Magnates, Grand Capital’s CEO Stanislav Vaneev disclosed that the future plans of the company for the year 2017 include acquisition of license from the Cyprus Securities and Exchange Commission, among other major changes.

 

A professional brokerage firm that is originally from Russia, Grand Capital currently operates on the basis of a B-Category license from the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization. There is no doubt that a future CySEC regulation will open new markets to this broker. Lately, Cyprus is becoming an international focal point for the entire retail FX industry, as it provides good quality business environment and furthermore, its MiFID compliant regulatory framework allows trans-European business activity.

 

According to Stanislav Vaneev, future plans of Grand Capital also include further enhancement of their new completely transparent investment service called LAMM, as they turned away from their previous PAMM offering. The LAMM service allows novice traders to connect their account to an experienced trader’s account and learn how to trade successfully. It displays a rating of account managers, which tracks the history of the account’s profitability. What is more, LAMM clients have control over every deal the manager makes, so they can disconnect or cancel the trade at any time.

 

Grand Capital is an award-winning broker operating since 2006. It offers trading in over 250 financial instruments, including classic forex, futures and stock CFDs, as well as binary options on MetaTrader 4 and WebTerminal.

 

The company has offices in Russia, Ukraine, Kazakhstan, Georgia, South Africa, Indonesia, Phillipines, India, Netherlands, Portugal and Germany.

TAGS: grand capital  cysec  regulation  2017  forex broker 

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