Granfeld
Pros and Cons
Pros
- Regulated by CySEC with license number 260/14
- Diverse investment services including portfolio management and wealth planning
- Established in 2014 with a solid operational history
- Offers tailored investment advisory solutions from experienced professionals
- Customer support available via phone and email
Cons
- Not regulated in major jurisdictions like the US
- Limited trading instruments, primarily focused on wealth management
- No trading software or platforms provided
- Unclear fee structure with potential hidden costs
- Lack of advanced educational resources for traders
Basic Information
User Reviews
Granfeld Overview
Granfeld is a reputable forex broker established in 2014 and headquartered in Cyprus. The broker operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), holding license number 260/14. This regulatory oversight provides a level of assurance for traders, highlighting Granfeld’s commitment to maintaining high standards of financial conduct and transparency in its operations.
Is Granfeld Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Fund |
Is Granfeld Regulated and How Are Client Funds Protected?
Granfeld is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a license number 260/14. This regulatory oversight provides a framework for investor protection, including the safeguarding of client funds through segregation of accounts. Clients’ funds are kept in separate accounts from the broker’s operational funds, ensuring they are protected in the event of insolvency. Additionally, Granfeld is a member of the Investor Compensation Fund, which offers compensation to eligible clients in case the broker is unable to fulfill its financial obligations. This regulatory status and the associated fund protection mechanisms contribute to Granfeld’s reputation as a legitimate and safe choice for investors seeking wealth management services.
Trading Products and Services
What trading instruments does Granfeld offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
Granfeld offers a diverse range of trading tools and financial products that cater to various trading styles and investment strategies. With multiple asset categories including Forex, commodities, indices, stocks, and cryptocurrencies, traders can effectively diversify their portfolios. This variety supports the needs of different traders, from beginners seeking to understand the markets to professionals looking for comprehensive trading opportunities. The inclusion of both traditional and digital assets allows for flexible trading strategies, making it easier for users to adapt to changing market conditions and optimize their investment outcomes.
Account Types and Trading Conditions
What Account Types and Fees Does Granfeld Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low spreads, educational resources, demo account access | Suitable for small-capital practice and testing strategies |
| Professional Account | Experienced traders | Higher leverage, advanced trading tools, lower spreads | Requires trading volume qualifications and experience |
| Corporate Account | Corporate clients | Customized services, higher trading limits, dedicated account manager | Requires corporate documentation and verification |
| Islamic Account | Muslim traders | Swap-free trading, no overnight interest charges | Must provide proof of eligibility |
| Demo Account | All trader levels | Practice trading without risk, access to all platform features | Available for a limited time; no funding required |
Account Opening Process
To open an account with Granfeld, you will need to follow a straightforward process. First, you will be required to submit personal information, including your name, address, and contact details. Next, you will need to provide employment and financial information to assess your trading experience and financial status. Identity verification is a crucial step, which involves submitting a valid ID and proof of address. After the initial setup, you may have the flexibility to upgrade to a professional account in the future, provided you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for major pairs |
| CFDs (Stock Index) | 1.5 | $2.0 | Varied spreads based on market conditions |
| CFDs (Commodities) | 2.0 | $2.5 | Standard spreads apply |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, Granfeld may apply several other charges. Deposit and withdrawal fees can vary depending on the payment method used. There may also be inactivity fees if the account remains dormant for an extended period. If you are using specific trading platforms, there could be platform usage fees involved. Additionally, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Granfeld Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Encrypted login, advanced market analysis tools, economic calendar | Demo accounts, VPS |
| Web Version | All browsers | Secure login, symbol lookup, price alerts | API interface |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo accounts |
Granfeld offers a range of trading platforms suitable for various trader needs. MT4 and MT5 provide robust tools for desktop users, with MT5 catering to advanced traders seeking more features. The web version allows access from any browser, ensuring flexibility, while the mobile app supports trading on-the-go. All platforms emphasize secure login methods and fast order execution, enhancing the overall trading experience.
With real-time alerts and effective search tools, traders can stay informed and react swiftly to market changes, making Granfeld’s offerings well-rounded for both novice and experienced traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–3 business days | No platform fee, but €2.50 for transfers | Min €100, Max €50,000/day | EUR, USD |
| GrabPay | Instant | No fees | Min $20, Max $10,000/day | USD, SGD |
| SPEI | Instant | No platform fee, 1% for transfers | Min $200, Max $25,000/day | MXN, USD |
| Cryptocurrency | Instant | No fees for deposits, 0.5% for withdrawals | No minimum, Max $5,000/day | BTC, ETH, USDT |
Minimum Deposit
Granfeld requires a minimum deposit of $100 for standard accounts. For specific payment methods, such as GrabPay and cryptocurrency, the minimum deposit is set at $20. This requirement may vary depending on the account type, with premium accounts requiring a minimum of $1,000.
How to Withdraw
To withdraw funds from your Granfeld account, follow these steps:
- Log in to your Granfeld account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your withdrawal request and wait for the processing confirmation.
Customer Support
Granfeld Customer Support Overview
Support Channels
Granfeld provides a variety of support channels to assist customers effectively. Clients can reach out via:
- Email: For detailed inquiries, customers can contact Granfeld at info@granfeld.com.
- Live Chat: Instant messaging support is available on their website for quick questions and immediate assistance.
- Telephone: Clients can call their support line at +357 22 203315 for direct communication with customer service representatives.
- Social Media: Granfeld is active on various social media platforms, providing another avenue for customers to seek help and stay updated on services.
Service Availability
Granfeld’s customer service operates from 9 AM to 6 PM, Monday through Friday (24/5). Multilingual support is available, catering to clients in English, Greek, and several other languages, ensuring that help is accessible to a diverse clientele.
Additional Resources
Granfeld enhances its customer support by offering a range of educational resources:
- Video Tutorials: Step-by-step guides on using their platform and services.
- Webinars: Live sessions covering various investment strategies and market trends.
- Market Analysis: Regular updates and insights to keep clients informed about market movements.
- Trading Signals: Expert recommendations to assist clients in making informed trading decisions.
Frequently Asked Questions
Yes, Granfeld is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 260/14. This regulation ensures that Granfeld adheres to strict compliance and operational standards to protect clients’ interests.
Granfeld offers diverse investment services including investment advisory, portfolio management, and wealth planning. Specific trading conditions may vary based on account types, and clients are encouraged to consult the Granfeld website or contact customer support for detailed information.
Granfeld prioritizes fund security by maintaining client funds in segregated accounts and implementing robust cybersecurity measures. Being regulated by CySEC also requires adherence to strict financial standards, enhancing the safety of client investments.
Clients can expect a professional and supportive user experience with Granfeld. The company provides tailored wealth management solutions and responsive customer service, ensuring that clients receive personalized assistance and expert advice for their financial needs.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.