GRAND FT Market is a forex broker that has been the subject of many complaints and warnings. The broker is not regulated by any major financial authority, and there are a number of red flags that suggest that it is a scam.
Company Overview
GRAND FT Market is a relatively new broker, having been founded in 2022. The company is registered in Saint Vincent and the Grenadines, a jurisdiction that is known for its lax financial regulations. The broker’s website is www.grandftmarket.com.
Team
The team behind GRAND FT Market is not publicly available. The broker does not have a page on its website that lists its management team or employees.
Services or Products
GRAND FT Market offers a variety of forex trading services, including spot forex, futures, options, and CFDs. The broker also offers a copy trading platform and a mobile trading app.
License and Regulations
GRAND FT Market is not regulated by any major financial authority. The broker is not a member of the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC).
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to the same level of oversight and regulation as regulated brokers. This means that they are more likely to engage in fraudulent or unethical practices. Second, unlicensed brokers are not required to keep client funds in segregated accounts. This means that there is a risk that your funds could be lost if the broker goes bankrupt.
Legal Warning Against GRAND FT Market
The Financial Conduct Authority (FCA) in the UK has issued a warning against GRAND FT Market. The FCA warns that GRAND FT Market is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about GRAND FT Market online. Many users have complained about the broker’s high spreads, hidden fees, and poor customer service.
Feedback About Their Trading
Users have also complained about the broker’s trading platform. The platform is said to be slow and buggy, and it is difficult to place trades.
Feedback About Their Customer Service
Customer service at GRAND FT Market is said to be poor. Users have complained about long wait times, rude customer service representatives, and a lack of helpfulness.
How Can “Reviews Advice” Help You If You Get Scammed?
Reviews Advice is a website that helps people who have been scammed by forex brokers. The website provides information about how to file a complaint with the FCA, how to get your money back, and how to avoid being scammed in the future.
We provide you with a free consultation call and during this call, we will provide you with some recovery service recommendations and educational resources that will help you recover the lost fund.
Final Thought
GRAND FT Market is a scam broker that should be avoided. If you have been scammed by GRAND FT Market, you should contact Reviews Advice for help.
If you are considering trading with GRAND FT Market, we advise you to reconsider. There are many legitimate forex brokers out there that you can trust. Do your research and choose a broker that is regulated by a reputable financial authority.
