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58 brokers measured in Pakistanbroker data checked 27.08.2026
Grand Capital logoGrand CapitalGrand Capital Ltd

Grand Capital in Pakistan — review, licence and costs

Written and checked by the Indus Review editorial team · how we score ·  score recalculated 01.10.2026
through an offshore entityAccepts residents of PakistanOpened by Grand Capital (Pakistan) (Pvt.) Ltd., register checked 09.07.2026

Score (6 of 6 axes scored)

3.11/ 5.0

ranked against full-basis brokers

2 + 3 × 0.370 = 3.11 · axes on 0–100, total on 2.0–5.0

Key facts (6 facts)

Onboarding entity
Grand Capital Ltd
Founded
2006
Retail leverage
500PK
Round turn
9 USDPK
Currencies
No verified PKR account; USD base.
Swap-free account
yes

Licence check

No SECP/SBP licence; offshore only.
No licence number published for Pakistanchecked 09.07.2026secp.gov.pk
Open an account with Grand Capital

The broker's own website. Not a partner link — we earn nothing from it.

Screenshot of the Grand Capital website
Grand Capital's own site, captured for this review (07.10.2026)

Taxes for a Pakistani resident(1 rule)

  • Forex/derivatives trading profit for residents is generally taxed as income;https://grandcapital.net

Not tax advice. Check with the Federal Board of Revenue.

Who actually onboards you

Entity that onboards Pakistan residents
Grand Capital Ltd
Local standing
Unregulated in Pakistan; no domestically licensed online FX brokers exist. No specific SECP alert verified at review.
Licence as the register states it
No SECP/SBP licence; offshore only.
Leverage for this entity
Up to 1:500 (Micro/Standard); some accounts 1:100; crypto 1:3.
The firm behind it
Founded 2006, CIS roots; FinaCom member, EUR 20,000 client insurance.
What we hold against it
Seychelles FSA scam alert (never authorized); low third-party safety scores; offshore.

Leverage by entity

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.

The entity that onboards youGrand Capital LtdLocal or offshore not stated in the source · SECP licence —
1:500PK
Pakistan median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection

  • Local entity onboards youUnregulated in Pakistan; no domestically licensed online FX brokers exist. No specific SECP alert verified at review.
  • Regulator warning on filenone found

— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.

Price against Pakistan market median(priced from 36 of 62)

Round turn, 1 lot EURUSD, spread plus commission, USD
Grand Capital, raw spread plus commission9
Pakistan median, all 36 priced7
Pakistan median, the 27 priced on the raw spread plus commission6.5

Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.

Accounts

Account types the broker names for this country: Micro, Standard, MT5, ECN Prime, Swap-Free. The figures below are the broker's own and do not differ by account in any source we captured.

Swap-free account terms

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Payouts

Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.

Deposit and withdrawal methods (3 methods · 0 local rails)

Cards, bank wire, crypto;

  • Cards
  • Bank wire
  • Crypto
Account currency
No verified PKR account; USD base.
Fee declared
3 of 3 methods
Withdrawal back to
the funding method

Where it does not serve(14 countries)

United StatesSeychellesSaint Vincent and the GrenadinesJapanSpainItalyFrancePortugalDenmarkEstoniaSloveniaGreeceMalaysiaRussian Federation

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(4 platforms)

  • MT4
  • MT5
  • WebTrader
ClassCountMin spread
MT4—0
MT5—0
WebTrader—0
All instruments500+—

114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.

Identical for every row: Leverage 500 PK.

Reviews(1 platform · 25% of the score)

2.5/ 5
Trustpilot rating
5, 86
reviews
02.10.2026
snapshot, 2026
SnapshotRatingReviews
02.10.20262.55, 86

Share of reviewers in Pakistan: — The platform does not publish it.

Pros and cons(3 for and 6 against, each tied to a figure on this page)

For
  • Swap-free account available
  • Track record 100 of 100, its strongest of 6 scored axes
  • 3 platforms: MT4, MT5, WebTrader
Against
  • Round turn 9 USD on the raw + commission basis, over the Pakistan median 7
  • No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
  • A regulator warning is on file against this broker
  • Min deposit 10 USD, over the Pakistan median 7.5
  • Withdrawal in 72 h, over the Pakistan median 24
  • Reviews 0 of 100, its weakest of 6 scored axes

Where Grand Capital sits in the Pakistan base(62 brokers)

Round-turn cost, USD (36 of 62 priced)

3<5
207.5
510
312.5
315
117.5
1>17.5

Median 7 USD · range 3-19 · this broker 9 USD · 26 of 62 brokers do not publish it

Minimum deposit, USD (16 of 62 priced)

13<50
1100
1150
0200
1>200

Median 7.5 USD · range 0-237.2 · this broker 10 USD · 46 of 62 brokers do not publish it

Retail leverage (34 of 62 with a Pakistan figure)

17<1k
62k
73k
34k
1>4k

Median 1:750 · range 50-5000 · this broker 1:500 · 28 of 62 brokers do not publish it

Withdrawal time published (62 brokers)

6of 58
Published, hours6not published38Grand Capital is one of the 6

Alternatives in Pakistan(6 of 62 scored in Pakistan)

3.91
Pepperstone
Licensed elsewhere
Round turn, USD
8PK
Min deposit, USD
10 groupPK
Leverage
200PK
Rank in this country
#8
3.76
JustMarkets
Licensed elsewhere
Round turn, USD
9PK
Min deposit, USD
10 groupPK
Leverage
3000PK
Rank in this country
#16
3.77
Axi
Licensed elsewhere
Round turn, USD
7PK
Min deposit, USD
0 groupPK
Leverage
500PK
Rank in this country
#15
3.3
XM
Licensed elsewhere
Round turn, USD
7PK
Min deposit, USD
5PK
Leverage
1000PK
Rank in this country
#30
3.27
FXTM
Licensed elsewhere
Round turn, USD
7PK
Min deposit, USD
10 groupPK
Leverage
2000PK
Rank in this country
#31
3.69
Vantage
Licensed elsewhere
Round turn, USD
6PK
Min deposit, USD
50 groupPK
Leverage
500PK
Rank in this country
#18

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

Methodology(6 axes · formula v1.0)

Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology

AxisWeightWhat is measuredGrand Capital
Reviews25%Rating, volume and recency on one public review platform0
Round-turn cost20%Round turn on 1 lot EURUSD: spread plus commission, against the country median80
Safety20%Local authorisation, the entity that onboards you, any regulator warning0
Payouts15%Published withdrawal time, fees and the methods available in the country40
Track record10%Years since the firm was founded, from its own filings100
Platforms10%Which trading platforms the broker confirms for this country50

FAQ

Does Grand Capital accept residents of Pakistan?
No. Unregulated in Pakistan; no domestically licensed online FX brokers exist. No specific SECP alert verified at review. Onboarding entity: Grand Capital Ltd
Is Grand Capital licensed to serve clients in Pakistan?
No SECP/SBP licence; offshore only. Checked on 09.07.2026.
How much does one round turn cost at Grand Capital?
About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
What leverage does Grand Capital offer to retail clients in Pakistan?
Up to 1:500. Up to 1:500 (Micro/Standard); some accounts 1:100; crypto 1:3.
Which trading platforms does Grand Capital support?
MT4, MT5, WebTrader. Instruments: 500+ assets: FX, crypto, stocks, indices, metals, commodities.
How can I withdraw money from Grand Capital in Pakistan?
Cards, bank wire, crypto; Pakistan-specific rails not verified at review.
What account types does Grand Capital offer?
Micro, Standard, MT5, ECN Prime, Swap-Free.
Does Grand Capital offer a swap-free (Islamic) account?
Yes. Grand Capital offers a swap-free (Islamic) account to Pakistan residents.

Cost calculator (median of 36 priced of 62)

Grand Capital, per month180.00 USD
Pakistan median, per month140.00 USD

EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.

Verified · Sources

Verified01.10.2026
next review 01.01.2027