GRANDCAPITAL IS BIG SCAM

[Brijfx]

I am the victim of internet forex / Crypto trading scam by Grand Capital.

I registered with Grand Capital 12-03-2021. Brijmohan tradermoney17@gmail.com
After their Vice President Sergei Alexeevich Kozlovsky visited India and meet with the person who introduce me to Grand Capital. 1st i deposited 13k than 15k than 100k
I didn’t liked their platform because of high spread and too much commission they charged me on BTCUSD trading.

This year my account manager contacted me again and motivated me to continue trading with their platform.

When I said that they charged too high commission on trades and swap, he offered me deposit bonus to cover my loss.
He offered me 60% deposit bonus, instead of 40% which they are offering in their website officially.
when i asked what is the rules for bonus. he said to withdraw bonus funds i need to trade 1lots for 10$
I agreed and i started with 1k than i incresed the amount to 3k 5k like that.
Lost around $25k last month ( July)
My account manager contacted me again and offered me 100% bonus insted of 60% bonus. Terms and conditions will be the same as their 40% deposit bonus, I can withdraw my deposit and my profit money anytime I want. But To withdraw bonus funds which they will provide, I have to trade 1 lots for 10$ to withdraw their bonus funds. And he got this confirmation from their vice president Sergei Alexeevich Kozlovsky .
That’s what he said. I put more money and they gave me bonus.

When I tried to withdraw money, account manager contacted me and said, instead of withdrawing money, I can make internal transfer and they will give me bonus instantly.

Their withdraw process is very slow, it’s take 1 day upto 3 days. They have to take approval from account manager till to the CEO, in between if someone had a bad day and his mood is off than he can cancel the withdrawal and I have to make new withdrawal request.

To avoid wasting time, account manager suggested me to make internal transfer to my other account and they will give me bonus on my profit money instead to withdrawing and deposit back to get bonus. My account manager got this approval from the vice president Sergei Alexeevich Kozlovsky .
That’s why I made internal transfer to my other account under same private office.

I only trade BTCUSD with 6 lots and each time I paid 600$ minimum commission to place my trade on Grand Capital MT4 and Swap for holding over night.
Trading account 6129650 commission i paid 3495$ and Swap 524$
Trading account 6129025 commission i paid 5798$ and Swap 299$
Trading account 6124254 commission i paid 7721$ and Swap 1373$
Trading account 6123994 commission i paid 7118$ and Swap 1398$

Whenever trade hits my stop loss, their bonus automatically vanished. When I asked why such, they said, if I lost my own money than bonus money will be removed automatically. I asked, what is the use of bonus than ? if I am trading with my own money? They said, it’s allows you to place higher lots size.
I said fair enough.
Now my account is 82921$ and now I received an email from nowhere from them and asking me to trade 235222 lots before I make any withdrawal request. f i make withddraw request than my money will be removed and they will pay me 22650$.

This is very surprising for me.
i till confused, Why they send me and email? and why i can not withdraw my money even after paying so much commission and swap?
Now they are saying if I make 100$ deposit and take 40% bonus than I have to trade 4 lots to withdraw my money.

But they are the one who recommended me the bonus and now they want to take my money way. If this is not a scam than what it is?
who on earth can trade 235222 lots ?
to open 235222 lots on BTCUSD i have to pay them 2352000$ commission and Swap seperatly.

They are forcing me to trade more and lose my all money.

now i have 2 question.

1) why i paid so much commission and SWAP to trade on their platfor if i can not withdraw my money.

2) why The Financial Commission allowed them to use their licence to run Internet Crypto trading SCAM when The Financial Commission itself does not accept or process complaints related to trading or storing digital assets, such as cryptocurrencies and tokens ?



I am going to file case against Vice President of Grand Capital Vice President Sergei Alexeevich Kozlovsky ( date of birth - 22-11-1989, Russian citizenship holder) President Vaneev Stanislav ( Date of Birth 17.02.1970, Russian citizenship holder ) Grand Capital forex Broker and The Financial Commission too because under their license Grand Capital is running their Crypto Trading Internet fraud business.

Same time I will report to every forex licence provider so in future they should look into my case before they provide them any kind of forex license.

Then I am going to do.

1. I have his passport details. I already collected it from the hotel he stayed in India with the help of local police. I will send it to RT india and Sputnik india office and every news media in Russia to look into my case.
2. I will contact Russian embassy in Delhi and will inform them how Russians are running internet fraud business in India.
3. I will ask our TV journalist to cover my story. so Indian Goverment and Russian Goverment can take appropriate step.
4. I will contact Federal Security Service FSB Russia and Ministry of Internal Affairs of the Russian Federation ( MVD ) to take proper action against them.
LOOK AT THESE SCAMMERS!!!
Thank you.

 

[noryx]

If you succeed in putting these scammers in prison, the whole community will applaud you

These fraudsters have been scamming people from the beginning. In Russia, this type of so-called broker is referred to as a "Kitchen", meaning they only play with clients' money, and you don't have access to the real market. Also, it was a big mistake to accept bonuses from them or any other broker— forget about it, no matter how attractive it sounds.

They scammed me as well, simply taking the money by closing my account. According to their own rules, they should have at least returned my initial capital.

Wish you good luck with this issue, and may the Force be with you!

P.S. If you have enough big capital and are looking for consistent returns, read this topic carefully: https://www.earnforex.com/forum/thr...er-for-lowest-slippage-for-news-trading.49918

I think you can find some interesting information from what we are discussing.

 

[Grand Capital Official]

I am the victim of internet forex / Crypto trading scam by Grand Capital.

I registered with Grand Capital 12-03-2021. Brijmohan tradermoney17@gmail.com
After their Vice President Sergei Alexeevich Kozlovsky visited India and meet with the person who introduce me to Grand Capital. 1st i deposited 13k than 15k than 100k
I didn’t liked their platform because of high spread and too much commission they charged me on BTCUSD trading.

This year my account manager contacted me again and motivated me to continue trading with their platform.

When I said that they charged too high commission on trades and swap, he offered me deposit bonus to cover my loss.
He offered me 60% deposit bonus, instead of 40% which they are offering in their website officially.
when i asked what is the rules for bonus. he said to withdraw bonus funds i need to trade 1lots for 10$
I agreed and i started with 1k than i incresed the amount to 3k 5k like that.
Lost around $25k last month ( July)
My account manager contacted me again and offered me 100% bonus insted of 60% bonus. Terms and conditions will be the same as their 40% deposit bonus, I can withdraw my deposit and my profit money anytime I want. But To withdraw bonus funds which they will provide, I have to trade 1 lots for 10$ to withdraw their bonus funds. And he got this confirmation from their vice president Sergei Alexeevich Kozlovsky .
That’s what he said. I put more money and they gave me bonus.

When I tried to withdraw money, account manager contacted me and said, instead of withdrawing money, I can make internal transfer and they will give me bonus instantly.

Their withdraw process is very slow, it’s take 1 day upto 3 days. They have to take approval from account manager till to the CEO, in between if someone had a bad day and his mood is off than he can cancel the withdrawal and I have to make new withdrawal request.

To avoid wasting time, account manager suggested me to make internal transfer to my other account and they will give me bonus on my profit money instead to withdrawing and deposit back to get bonus. My account manager got this approval from the vice president Sergei Alexeevich Kozlovsky .
That’s why I made internal transfer to my other account under same private office.

I only trade BTCUSD with 6 lots and each time I paid 600$ minimum commission to place my trade on Grand Capital MT4 and Swap for holding over night.
Trading account 6129650 commission i paid 3495$ and Swap 524$
Trading account 6129025 commission i paid 5798$ and Swap 299$
Trading account 6124254 commission i paid 7721$ and Swap 1373$
Trading account 6123994 commission i paid 7118$ and Swap 1398$

Whenever trade hits my stop loss, their bonus automatically vanished. When I asked why such, they said, if I lost my own money than bonus money will be removed automatically. I asked, what is the use of bonus than ? if I am trading with my own money? They said, it’s allows you to place higher lots size.
I said fair enough.
Now my account is 82921$ and now I received an email from nowhere from them and asking me to trade 235222 lots before I make any withdrawal request. f i make withddraw request than my money will be removed and they will pay me 22650$.

This is very surprising for me.
i till confused, Why they send me and email? and why i can not withdraw my money even after paying so much commission and swap?
Now they are saying if I make 100$ deposit and take 40% bonus than I have to trade 4 lots to withdraw my money.

But they are the one who recommended me the bonus and now they want to take my money way. If this is not a scam than what it is?
who on earth can trade 235222 lots ?
to open 235222 lots on BTCUSD i have to pay them 2352000$ commission and Swap seperatly.

They are forcing me to trade more and lose my all money.

now i have 2 question.

1) why i paid so much commission and SWAP to trade on their platfor if i can not withdraw my money.

2) why The Financial Commission allowed them to use their licence to run Internet Crypto trading SCAM when The Financial Commission itself does not accept or process complaints related to trading or storing digital assets, such as cryptocurrencies and tokens ?



I am going to file case against Vice President of Grand Capital Vice President Sergei Alexeevich Kozlovsky ( date of birth - 22-11-1989, Russian citizenship holder) President Vaneev Stanislav ( Date of Birth 17.02.1970, Russian citizenship holder ) Grand Capital forex Broker and The Financial Commission too because under their license Grand Capital is running their Crypto Trading Internet fraud business.

Same time I will report to every forex licence provider so in future they should look into my case before they provide them any kind of forex license.

Then I am going to do.

1. I have his passport details. I already collected it from the hotel he stayed in India with the help of local police. I will send it to RT india and Sputnik india office and every news media in Russia to look into my case.
2. I will contact Russian embassy in Delhi and will inform them how Russians are running internet fraud business in India.
3. I will ask our TV journalist to cover my story. so Indian Goverment and Russian Goverment can take appropriate step.
4. I will contact Federal Security Service FSB Russia and Ministry of Internal Affairs of the Russian Federation ( MVD ) to take proper action against them.
LOOK AT THESE SCAMMERS!!!
Thank you.View attachment 29337

Dear Brijmohan,

Thank you for providing the feedback on your experience with Grand Capital. We understand that trading can be complex and challenging, especially in highly volatile markets that you prefer, such as cryptocurrencies. Our goal is always to provide our clients with transparent and reliable services, and we are truly sorry to hear of your dissatisfaction. Please allow us to clarify a few key points regarding your review.

1. Spreads, commissions and swaps: As stated in our client agreement, spreads, commissions and swaps are fully disclosed. They are an integral part of trading with us, as they are with any reputable broker. We strive to offer competitive prices, and our trading conditions for cryptocurrency CFDs are among the best in the industry. All figures, terms and conditions are stated in the Specifications (https://grandcapital.net/trading/contract_specs/), and are always available on the website for reference and/or for download (https://grandcapital.net/about/agreements/).

2. Deposit Bonuses: We offer bonuses as a way to enhance our clients' trading experience and increase their trading opportunities, but it is also important to note that any bonus transfer is subject to certain conditions. Bonuses allow you to trade much larger volumes than with your own funds. Bonuses allow you to have larger drawdowns. Section 5 of the bonus Terms and Conditions outlines that funds cannot be withdrawn from the account without meeting the required trading volume (1 lot for every $10 of bonus). This is a mandatory requirement for ALL types of bonuses that our client may receive. Your agreement to these terms was made when you accepted the bonus, and our Support team is always available to explain these terms in case of any confusion.

Lastly, it is worth remembering that the request for a bonus came from your side, and our team did our best to accommodate your own request. Besides, you asked for an unusual type of bonus - for transfer between your accounts, which Grand Capital never provides, but again the company decided to meet your request.

3. Withdrawal process: Regarding delays in withdrawals, our withdrawal times are also stated in the NTO Regulations (https://grandcapital.net/uploads/agreements/NTO_Regulation_En_25092023.pdf). Our company strives to process withdrawals as quickly as possible. However, we also strive to process them securely, and therefore must adhere to certain regulatory and internal controls designed to protect both our customers and the company. These verification procedures add to the time it takes to process a withdrawal. It usually takes no more than a few business hours, but in some cases, it can take up to three business days. In addition, any withdrawal request may be subject to bonus adjustments, as bonuses are tied to active trading and may be removed if certain conditions are not met.

4. Trading requirements for bonuses: The requirement to trade 23,522 lots, as you mentioned, is directly proportional to the size of the bonus received. According to section 5 of the bonus Terms and Conditions, larger bonuses require higher trading volumes before funds can be withdrawn. This is standard industry practice, especially in cases where a client is engaged in arbitrage trading.

We sincerely regret any frustration this situation may have caused and hope that these clarifications help to shed light on the circumstances.

We also encourage all traders to fully review the Terms and Conditions before accepting any bonuses or engaging in any trading activities, as this will ensure that you are aware of all relevant policies.

If you have any further questions or concerns, please feel free to contact our support team at support@grandcapital.net.

Best regards,

Grand Capital Customer Support

 

[noryx]

4. Trading requirements for bonuses: The requirement to trade 23,522 lots, as you mentioned, is directly proportional to the size of the bonus received. According to section 5 of the bonus Terms and Conditions, larger bonuses require higher trading volumes before funds can be withdrawn. This is standard industry practice, especially in cases where a client is engaged in arbitrage trading.

Before giving Brijmohan such large personal bonuses, you should have explained to him what he could expect from them. Instead, you played on his emotions, placing him in a slave-like situation, which is the same as stealing his money through deception. One can only guess how many people you've scammed in this way.

Offering bonuses is the same trick used by casinos. Serious and respectable brokers do not offer bonuses to their clients AT ALL.