Basic Information
Pros and Cons
Pros
- Regulated by CySEC
- Diverse investment services
- Positive reputation for customer service
- Segregated client funds
- Utilizes MT4/5 trading platforms
Cons
- Concerns about fee structure clarity
- Reports of withdrawal delays
- Potential risks in regulatory compliance
- Limited information on execution speed
- Some complaints about service execution
Is Granfeld Safe and Legit?
Granfeld Wealth Management Limited, registered in Cyprus in 2014, has 10-15 years of operational experience, offering services such as investment advisory, portfolio management, and wealth planning. The broker utilizes the MT4/5 trading platforms and provides various investment instruments with competitive spreads and leverage options.
Granfeld is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 260/14, which lends it a degree of legitimacy; however, concerns about its overall safety and regulatory compliance persist, highlighting potential risks.
Market feedback suggests that Granfeld maintains a positive reputation, particularly for its customer service and professional advice. Users generally appreciate the transparent communication and ease of withdrawals, though some have raised concerns about the clarity of its fee structure and the frequency of complaints related to service execution delays.
Is Granfeld a Regulated Broker?
What Are the Regulatory Licenses Held by Granfeld?
Granfeld Wealth Management Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 260/14. While it holds a regulated license, there are ongoing concerns about its overall safety and regulatory compliance, indicating potential risks associated with trading through this broker. Market feedback highlights a positive reputation for customer service, yet users have expressed apprehensions regarding the clarity of fees and service execution delays.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Granfeld Wealth Management Limited prioritizes the safety of client funds by holding them in independently regulated bank accounts, segregated from the broker’s own assets. This practice aligns with regulatory standards, ensuring that funds are protected even in the event of financial difficulties faced by the broker.
Granfeld Leverage
The broker offers maximum leverage options that vary across product categories for both standard and professional account configurations. These leverage levels comply with local regulatory requirements, providing clients with appropriate trading conditions based on their classification as retail or professional clients.
Granfeld Withdrawal Review
How to Contact Granfeld?
Granfeld Wealth Management Limited has received some complaints primarily regarding withdrawal issues, with concerns about the clarity of its fee structure and delays in service execution. Feedback from users indicates that while the broker generally provides good customer service, there are reports of execution delays that may contribute to withdrawal frustrations. However, there is no significant public record of repetitive or large-scale complaints, nor has the broker faced regulatory penalties or warnings. Overall, the volume of complaints appears to be low, aligning with the broker’s positive reputation for safe capital protection measures.
Frequently Asked Questions
A1: Yes, Granfeld Wealth Management Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 260/14. However, there are ongoing concerns regarding its overall safety and regulatory compliance, which potential clients should consider.
A2: Granfeld prioritizes client fund safety by holding them in segregated accounts at independently regulated banks. This practice is in line with regulatory standards, ensuring that client funds are protected even if the broker encounters financial difficulties.
A3: Some users have reported delays in withdrawals and concerns about the clarity of the broker’s fee structure. While there are complaints, they appear to be low in volume, and overall feedback indicates a positive reputation for customer service.
A4: You can contact Granfeld Wealth Management Limited by phone at +357 22 203315 or via email at info@granfeld.com. They are located at 3 Menandrou Street, Glafcos Tower, Office 201, 1066 Nicosia, Cyprus.
A5: Granfeld utilizes the MT4 and MT5 trading platforms, providing clients with access to a variety of investment instruments and competitive trading conditions.
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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.