Grand Pacific Trade Review 2022 – My Opinion
Well, so you have decided to enter the world where Forex trading is a job and not just a hobby or time pass and this is why you have clicked open my Grand Pacific Trade review. You have planned well and taken a complete course of training from a good consultancy firm on Forex. You know already what is the difference between the Fx market and the stock market. If you are a beginner then you must get under the supervision of someone experienced. Well, to enter this world of Forex trading, at first you need a broker who will act as your representative in the market and help you grow faster. This is where Grand Pacific Trade comes into the picture.
Their team is young and energetic. I got to know about them through one of my friends who had opened an account with them. They are not just providing you with the platform to trade in but they are also offering you some extra benefits with it. This is a broker which is giving you everything that you need to be successful in your Forex trading career under one roof.
Their trading platform is MT4 which is user friendly and quick & easy to use. There are also different types of accounts One can apply for as per his/ her requirement. You will get complete support from their team throughout the trading period regarding any clarification, clarification about money management, risk management etc. You all should keep in mind that forex trading is not a very easy job you have to be extremely careful about your money management and make good decisions when it comes to choosing a broker. This Grand Pacific Trade review can help you in making up your mind.
The Forex market is an open, over-the-counter market for the trading of currencies. Since it is an open market, there are no central exchanges for the trading of currencies. Instead, the foreign exchange (Forex) market assumes the role of an intermediary between buyers and sellers.
The Forex market exchanges one currency for another currency with different interest rates. The Forex market helps your trade in the value of currencies to gain from price fluctuations. In other words, you can invest in the Forex market by buying a certain currency that is expected to increase in value and sell it after a certain time period.
This Grand Pacific Trade review can help you understand whether this broker is good for Forex trading or not. So let us begin. I have tried to sum up my overall experience in the table below. You can continue reading the review for further insights. In this review, I will be talking about these areas in detail; Tools, Website interface, Customer support, Pricing, Account managers and Product range.
Tools – 5 Stars
The platform used by this broker is MT4. I like this platform because it gives access to my trading account from anywhere. It also provides trading alerts, order management, trade & account history etc. The dealer board updates the activities that are happening in the market on a real-time basis and I do not need any third-party software or mobile app for the same. I am also able to use some advanced trading tools such as indicators and scripts on this platform which is great. The MT5 platform was made available to me later on after I opened my account with this broker under some promotional offer.
The research tools are pretty good in helping me analyse my trades. I am able to draw trend lines, Fibonacci retracements, pivot points etc. on the chart based on which I can make an accurate prediction about the market. The Trade Analyser tool is worth mentioning here because it is extremely useful when I am choosing a trading opportunity. This Grand Pacific Trade review will help you get a clear idea of the tools that they are providing to their traders.
Website interface – 3 Stars
The website interface is quite easy to write. I found out that this broker has updated its website recently and now it looks really nice with the latest news feeds, market stats etc but I gave it 3 stars because it is not completely beginner-friendly. For example, there are not enough resources available to learn Forex trading properly. Also, this broker does not pay much attention to the education part of the website which is a flaw I think. All readers should keep these points in mind when reading this Grand Pacific Trade review.
The live chat option is available on the website which is good because I can ask questions regarding my trading account in real-time. It is essential for a broker to have the live chat option on their website because it is important that they are able to fix problems within some hours.
Customer support – 4 Stars
The customer support team is available 24 hours a day and 5 days a week which I think is pretty great. They can be contacted through live chat, email and telephone if you need help with anything related to the trading part of the website or withdrawals etc. The customer support team was able to fix issues related to my account within some minutes so this Grand Pacific Trade review will tell you that they are doing a great job in this regard. Once I was unable to log in but they solved the problem within some hours.
Pricing – 4 Stars
They have a number of pricing plans for different types of traders while some other brokers offer all their services to everyone in the same package. They recently started providing the MT5 platform without any extra charge so this is very nice of them. But the negative part of this Grand Pacific Trade review is that they do not have a demo account available for traders who are completely new to this industry which I think is a downside because they are not able to test their trading skills with virtual money.
The spread is low for many of the currency pairs that I trade so this means that I am able to make more than 1 pip per round turn transaction which is great. They don’t have spreads on every currency pair so you need to find out whether they have the pair that you want to trade on your account. They have a number of commission and transaction fees which I believe is pretty standard for this industry. The swap rates are also low according to my Grand Pacific Trade review. My final verdict is that they can improve in some areas but overall they do provide a good trading experience to beginners & experts alike.
Account managers – 4 Stars
They have many account managers to handle accounts but they do not provide any form of training for new traders which is a downside. But the good part is that they provide personal service to their clients and answer all their questions. The account managers are very helpful and available to answer questions both via telephone and email. I think they should provide some sort of formal training for their new traders because this will improve their chances of providing a better trading experience overall. The account managers are very knowledgeable about forex trading and the market itself so I believe this Grand Pacific Trade review will help traders to get a better idea about the service that is provided by this broker.
Product range – 4.5 Stars
They have a decent range of products for their clients but I think they can improve in this area because there are other brokers that offer more to their clients. The product range is enough for me and I like the fact that they provide a couple of bonuses when you open an account with them. These bonuses can significantly increase your trading capital if you use them wisely but my final verdict on this Grand Pacific Trade review is that they need to add more products in order to keep up with their competitors.
I hope that this review will help you to get a better understanding of what they have to offer. I think that they do provide a good service overall so try them out if you are interested in this type of trading. They also have some of the lowest spreads around according to my Grand Pacific Trade review and I think they do provide a good trading experience. They have a decent product range and account managers who are willing to help you with anything related to the platform or your account.
My verdict is that they are a great broker but they have some areas for improvement. I am sure that they will improve in the future if their competitors do not beat them to it so check out what they have to offer on their website. They have a low spread and decent product range so check out their website if you want to open an account with them because they also give some bonuses when you open an account with them.
Thank you for reading this Grand Pacific Trade review and I hope that you found it helpful in terms of your trading options. I hope that this review will help you to get a better understanding of what they have to offer during your trading hours.
Disclaimer: This review is written from the writers experience and their self-knowledge only and this is not a recommendation.
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