GRAND MARKETS

Grand Markets Limited holds a hybrid regulatory structure, with an Institutional Market Making license from ASIC (Australia) and a Forex Trading License from the offshore regulator in Anjouan. While the ASIC oversight provides a framework for client fund segregation and reporting, the presence of an offshore license introduces a layer of complexity that some traders may view as a compromise on the overall security standard.

According to its regulatory filings, Grand Markets operates under two distinct licenses. The primary license is an Institutional Market Making authorization from the Australian Securities & Investments Commission (ASIC) under number 554475. It also holds a Forex Trading License from the Anjouan Offshore Finance Authority (AOFA) with the registration number L15998/GML.

Grand Markets provides traders with access to high leverage ratios. Across its ECN, Cent, and Standard account types, clients can trade with maximum leverage up to 1:1000, which is a competitive offering for traders seeking to amplify their market positions.

Trading costs vary by account type. The ECN account features raw spreads starting from 0.0 pips, with commissions applied per lot, while the Standard and Cent accounts operate with an average spread of 1.6 pips with no additional commission. WikiFX's broker performance data assigns Grand Markets an 'AA' grade for cost efficiency, indicating its overall trading costs are highly competitive within the market.

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