GrandPacificTrade.com Review – Is Grand Pacific Trade a Scam?

The Grand Pacific Trade broker’s website claims you should join their community of 487,000 well-informed investors. As a result, we don’t buy it, especially from offshore brokers.

We review Grand Pacific Trade unbiasedly so you can learn everything you need to know about this illegal operation.

Please read our broker reviews of Brokerage, FTI Finance, and Super Crypto Capital before continuing. Your money is on the line! Be careful!

1. Scam Broker Status: Offshore
2. License: Unlicensed Crypto and Forex Provider / Unregulated
3. Websites of scammers: GrandPacificTrade.com
4. Operational Status: Active Forex Trading Scam / CFD ScaAs a scam, it has been blacklisted by: FI (Sweden) / CMVM (Spain) / CONSOB (Italy)
5. Owner of the broker: N/A
6. Country of headquarters: Saint Vincent and the Grenadines
7. N/A: Year of foundation
8. Platforms for online trading: WebTrader
9. Web-based mobile trading: No mobile application available
10. The minimum deposit is $250.
11. Bonus on deposits: Available, but no welcome bonus
12. Trading Crypto Assets: It is possible
13. Trading CFDs is possible: Yes, you can trade the following trading instruments available: Forex (FX), commodities, indices, shares, and cryptocurrencies (Cryptos).
14. Leverage maximum: 1300
15. No Islamic Accounts are available
16. Demo Accounts are not available, and only live accounts are available.
17. US traders are not accepted: US traders are not accepted.
18. Scam Broker: Don’t Invest in It!

Is Grand Pacific Trade a Regulated Forex Provider?

The Grand Pacific Trade Forex and crypto brand is an anonymous company. As a result, we never received any information about the owner or phone number of the company. In the Terms and Conditions, we see that Saint Vincent and the Grenadines law governs the firm, leading us to believe that this is yet another offshore scheme.

Warnings Against GrandPacificTrade.com Fraud

In Sweden, Grand Pacific Trade has been the subject of numerous complaints, which resulted in the official regulatory warning.

Official Warning Issued by Finansinspektionen Sweden – Evidence of Fraud

In an official warning, the Swedish Financial Supervisory Authority FI stated that Grand Pacific Trade provides unregulated financial services to Swedish residents. Regulators discovered that the broker used an Australian phone number to contact their victims.

Later, the Portuguese CMVM and the Italian CONSOB republished the same warning.

Where Is GrandPacificTrade.com Trading Scam Active?

The Grand Pacific Trade scam also targets residents of the following countries:

• Australia
• Switzerland
• Serbia

How Do Scammers Contact Their Victims?

To persuade their victims to invest, scammers like Grand Pacific Trade use all the possible means. You may receive many emails and WhatsApp messages with various promotions and bonuses if you ever registered on any broker’s fraudulent ads.

Furthermore, the broker may even sell your data to other scheme firms after trying to contact you several times over the phone.

Social media – such as Facebook, Instagram, and dating apps – can be used to approach you. Romance scams and financial scams are being combined by scammers, targeting both men and women. A person can be in contact with you for months before recommending scheme brokers like Grand Pacific Trade.

Did Grand Pacific Trade Scam You? – Start the Chargeback Process

We would like to hear from anyone who Grand Pacific Trade has scammed.

At Global Fraud Protection, we have experience helping people get their money back from online trading scams. Don’t hesitate to contact us now so we can take the first step today since monetary transactions are time-sensitive!