I am so excited to get this opportunity and review a forex trading platform that I have been using for a while now. Grand Pacific Trade has been my “secret weapon” for quite a few months, and I am excited to share all the Grand Pacific Trade features with you. Grand Pacific Trade is a forex robot that picks up trades on autopilot, and Grand Pacific Trade provides complete support and backtesting as well as some amazing T&C features such as:
Grand Pacific Trade Features:
I first noticed about Grand Pacific Trade was all the “bells and whistles” that came free with the software. The other difference about Grand Pacific Trade is that it comes with a “Customer Center” where you can ask questions and get support right from your computer.
After using this platform for months, I have come to enjoy the features of the trade copier, which has been especially helpful in my business as a forex trader. I will go over some of the more important features and things you should know about the Grand Pacific Trade before you start trading with them.
*** ADVANTAGES FOR TRADERS ***
- Ability to Copy multiple signals from several different traders, as well as cashback percentages on your copied trades
- Ability to see exactly how much money a particular trader has
- The simplified P/L tab shows earnings and losses by individual signal
- New cash-out options: Bank Wire, Skrill (Moneybookers), Maestro, Bitcoin, VISA, and MasterCard
- The internal email system to contact other traders and stock feeds
- Option to hide your account balance and withdrawal history from other traders
- Option to change personal currency (USD, GBP, etc.)
- Ability to sort opened positions by P/L or date, as well as use advanced filters such as “unrealized” and “reduced” loss
- The status field for all traders, showing their current cash-out options and withdrawal history.
What is it like to trade with this broker?
As a professional trader with over 15 years of trading experience, I can say that this is a decent broker for beginning traders because it offers trades from several different traders to copy without subscribing to individual signal feeds. That gives you a good start in making a profit right away, even if you don’t have any idea which stocks to trade or signals to follow.
It’s also good for beginning traders because it offers a simplified trading panel and advanced charting (allowing you to see two different technical indicators). It’s not as advanced as the more expensive stock feeds, but then again – this broker was created with novice traders in mind.
The cash-out process is simple, and there are many options (wire transfer, Skrill, maestro, etc.) which makes it easier to take profits and run. Escrow is held until the broker has processed the cash-out request, but you can use any of the options available to make a withdrawal almost instantly once the fee has been paid.
Their customer support is also excellent. You can contact them 24/7, and all my emails have been answered within a few hours – usually less.
They also offer a nice feature to email your desired trades directly from the platform to your personal ‘vault’ to prevent you from forgetting about them.
I’ve been using this broker for two months now, and so far, I’ve been impressed with their service.
What Can They Improve On their Platform?
Their charting needs to be improved. Technical indicators (such as moving averages) are not customizable, and the platform doesn’t allow you to plot more than two different technical indicators at once.
They need to add an easy way for traders without any experience in trading stocks to find winning signals quickly. Currently, it’s only possible if you know what you’re looking for and if you have a certain system/strategy in mind before starting to trade.
In my opinion, their charting needs to be improved by adding more technical indicators (and the ability to set the default period for which these indicators are calculated) and customizable price scales. That would give traders greater flexibility in their trading tools, allowing them to see more technical signals.
What is the minimum initial deposit?
The minimum investment amount on this broker’s platform is $250, which might seem like a high barrier of entry for the average novice trader.
However, if you break down that amount into 20 micro-investments, it does make it easier to build up a bigger trading capital (which is my recommended way of trading anyway).
What Makes This Platform Different from the Others?
The first thing that sets this broker apart from the others is that you can choose to follow as many as five different traders on a single trading signal without paying any subscription fees.
That makes it easier for beginning traders to make money because they don’t have to find signals by themselves – they can simply copy trades from several different traders and follow their progress. It’s a much simpler way to trade, and it can lead to better results for novice traders because they don’t have to worry about choosing the right signal from the start.
There is also no need to pay monthly subscription fees to copy other traders, which makes this platform significantly more affordable.
Also, this broker is best suited for novice traders because it offers a simplified trading panel and advanced charting.
How Do I Choose Profitable Signals?
On this platform, you don’t have to choose winning signals on your own – you can simply copy the trades of five different traders at once. That makes it easier to make money as a beginning trader because you don’t have to research new signals from scratch.
In my experience, novice traders stand the most to gain from following other traders on this platform – especially if they choose a combination of several different signal sources with different trading styles and risk profiles.
However, more advanced traders might benefit from copying trades but only choose one or two traders rather than five.
What Kind of Results Can I Expect?
So far, I’ve had only positive results using this broker, but keep in mind that my earnings have come from a combination of following several different traders – not just one. You should always aim to do this if you sign up for this broker.
My Experience with the Charts and Tools
The charting available on this platform is basic and doesn’t offer much customization. You can only plot trend lines, and you can’t add any technical indicators, such as moving averages to your charts.
Their charting features need to be improved by adding more assets (currently, just a few), more technical tools (such as moving averages), and the ability to change the chart time frame.
What Are the Fees?
This industry’s trading fees are competitive at 0% commission on all trades. However, keep in mind that their stocks are mainly USA-based, so not many traders have access to them.
I also find it interesting that they don’t charge withdrawal fees, so this is a good choice for traders who like to withdraw their earnings regularly.
What Are the Pros and Cons of the Binary.com Trading Platform?
|You can copy up to five different traders||There aren’t many assets (indices) available|
|You can copy up to five different traders||No advanced charting tools|
|They offer withdrawal in $50 increments||The theme is not the best|
|Open an account with Grand Pacific Trade with a minimum deposit – you only need to provide your name and address|
|A great platform for novice traders looking to make money without losing their capital|
Is the Platform Suitable for Beginners and Advanced Traders?
This is a good platform for novice traders because it offers a simplified trading panel and advanced charting tools.
I’ve had positive results using this broker, but keep in mind that my earnings have come from combining the following five different traders. You should always aim to do this if you sign up for this broker.
I would only choose one or two traders rather than five. Advanced traders might also be interested in following other traders on this platform.
How Many Assets are there to Invest in?
The answer to this question is not as straightforward. There are 250+ assets that you can invest in. However, investors and traders alike need to understand the risks associated with each one before they decide about investing or trading these investments!
The company offers a wide range of assets: indices, stocks, and currency pairs that help novice investors understand the benefits of different types of trading.
Are There Any Bonus or Promotions?
What I like about Grand Pacific Trade because it doesn’t offer any bonus deals to traders. This means that every deposit you make will be used for trading for the sole purpose of earning money.
Are There Any Withdrawal Fees?
The good news here is that there are no withdrawal fees at all. Once you have reached your withdrawal amount, the funds will be directly transferred to your bank account or credit card without any additional charges!
Grand Pacific Trade is a great broker that can be useful for new traders, but you should consider other brokers looking for more assets to trade.
Thank you for reading this Grand Pacific Trade review.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.