WikiFX Broker's Review on Grand FT Market

WikiFX now lists over 37,000 brokers, both regulated and unregulated. The WikiFX team has collaborated with 30 financial regulators to correctly check the status of the brokers. Because of this app, many of its customers are now doing business with their best brokers and enjoying the exceptional performance and customer service. In brief, WikiFX assists traders in searching for the best brokers based on their preferences. Don't spend time searching for the finest trading possibilities with a broker. Scammers, on the whole, have the finest chances.

What exactly is WikiFX？

Wikifx is a tool for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information search, regulatory license searching, the credit assessment, platform identification, and other services.

For this article, WikiFX will review a broker named Grand FT Market.

What exactly is Grand FT Market？

According to its official website, Grand FT Market does not have a regulating authority or a license to operate. This might imply that the broker is unregulated. The only number displayed on the website is a registration number, and using the number to determine legitimacy is unknown. The Grand FT Market headquarters is located at Suite 305, Griffith Corporate Center, Beachmont, P.O.Box 1510, Kingston, St. Vincent & the Grenadines However, according to its official website, they also have offices in the United States, the United Kingdom, Italy, Germany, Indonesia, Bulgaria, Switzerland, Romania, Cyprus, the United Arab Emirates, and Australia. This broker does not reveal their trading values; so, it may be considered a fraudster, since most traders look at the trading values that a broker has to offer so the trader knows how much money they may gain in each deal. Grand FT Market's minimum deposit is $1, as previously indicated.

Grand FT Market on WikiFX

WikiFX has been ranking brokers to make it easier for its users to identify a broker's dependability and trustworthiness. Because the Grand FT Market does not have a license or a regulation number listed on its official website or any other credible website. As a result, a poor score will be shown on their WikiFX dealer page. On WikiFX, a broker's dealer page provides readers with all the information they need to know about a certain broker, such as trading market values, licenses, offices, complaints, news, events, and so on. WikiFX created a plethora of features to allow its customers to effortlessly discover answers by using just one app.

Visit Grand FT Market dealer page on WikiFX to learn more.

How does WikiFX rate a broker like Grand FT Market？

The following factors will be used to determine the score:

License Index: The WikiFX legal team conducts a full review of the legitimacy and worth of the broker's license using different methods such as queries on the regulatory authority's website and telephone and mail correspondence with the regulatory authorities.

Business Index: The WikiFX Corporate Consultant and the Global Eye System use the Operation Compliance Verification Model, the Business Sustainability Assessment Model, and the Business Lifecycle Verification Model to conduct a systematic examination of the complete level of the broker's business.

Risk Management Index: A systematic review of real-time monitoring of over 40 criteria by the WikiFX risk management team and the WikiFX cloud system, including the broker's command execution index, client capital static index, worldwide public opinion index, liquidity index, and credit index.

Software Index: WikiFX data engineers and test engineers conducted a thorough review of the dynamic tracking test and technology of more than 20 indicators, including the authenticity of the software and software security, stability, and order execution speed.

Regulatory Index: The WikiFX compliance and audit team uses regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction algorithms to provide a quantitative evaluation of the degree of broker regulation.

WikiFX Awareness

As we all know, trading forex is a high-risk investment that may cause you to lose all of your money in a single transaction if you deal with fraudsters. You should be careful and do extensive research to choose the finest broker. If you have any questions about the forex broker, you may contact WikiFX customer service.

Keep an eye out for future WikiFX broker reviews. WikiFX App is available for free download on the App Store and Google Play.