End Date: The promotion doesn’t have an end date, but the bonus is provided for 7-day trading
Who grants it? Grand Capital – a broker that is originally from Russia and is registered in the Seychelles. Operating since 2006, the brand is owned by Grand Capital ltd, a company which is also regulated by the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization.
Who can get it? The no-deposit trading bonus of $500 is provided to new clients of Grand Capital who open a special Welcome bonus account with trading conditions similar to the Standard account (except maximum leverage available). They are not required to invest any funds, but need to provide a copy of their ID document and a mobile number. The bonus is available for 7 calendar days.
After the bonus amount is charged off the bonus account, it automatically turns into "Standard" (if the profit amounts to at least $100) or "Micro" real account type.
What’s the catch?
Clients of Grand Capital cannot withdraw or transfer the bonus funds. Depositing additional funds is not allowed either on the Bonus account. After the 7-day period lapses, the bonus is deducted, and open positions are closed. If after the promotion period the client does not open a real account, the profit is also deducted from it.
In order to activate a real account, a client should deposit the amount same or higher than the resulting profit on the bonus account, but not less than $10 (the minimum initial deposit amount with Grand Capital) within 7 calendar days.
Besides, the profit earned from trading with the $500 bonus is available for withdrawal only after completing certain trading volume on the replenished real account: For every $5 of the profit made on bonus account, clients of Grand Capital must trade 1 lot (or 100 lots on the Micro account type).
Also, keep in mind that the maximum leverage available to bonus beneficiaries 1:100 (while the broker offers leverage up to 1:2000).
Link: https://grandcapital.net/trading/bonus/