Global Capital reviews

Global Capital_logo Global Capital 6/10 (votes 2374)

On-line since: 1997
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission (CySEC)
Payment options: -
Minimum account size: -
Minimum lot size: -
Leverage: -
Spreads: -

Global Capital Securities and Financial Services Ltd operates as a subsidiary of the former Cyprus Development Bank, Cdbbank, which is now one of the leading niche financial institutions in the country. Global Capital is a Cyprus based Investment Services firm providing its services both to individuals and corporate clients. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) which proves its reliability as a broker. Global Capital is also a member of the Cyprus Stock Exchange since 1997 and has been listed on the Athens Exchange since 2008.

On its official website, the company states that it aims to become a leading investment service provider in Cyprus by offering its clients the highest level of credibility,uncompromised integrity, and professionalism.

Trading conditions

The company’s official website does not feature any information about trading conditions. To find out more details, clients need to contact the support service.

At the same time, Global Capital offers a detailed description of its services:

  • brokerage services (receiving, transferring, and executing clients’ orders)
  • international brokerage services
  • asset management
  • corporate advisory
  • investment advice
  • safekeeping and managing financial instruments on behalf of the client (including custodianship)

Global Capital offers personalized and brokerage services to investors on the Cyprus Stock Exchange (CSE), the Athens Exchange (AE), and all major international stock and other regulated exchanges. The company provides investors with access to all major markets through a single trading account.

One of the biggest advantages of Global Capital is that it can directly carry out any type of operations with securities listed on the CSE and the AE at very competitive prices. Besides, the company provides investors with online access to a wide range of financial instruments at affordable fees.

The broker offers the following services:

  • opening and closing of general and special accounts; transferring securities controlled by the Central Registry or other certified member of the CSE or AE to or from trading accounts;
  • acting on behalf of investor(-s) to provide different information regarding their deposit accounts;
  • submission of applications on behalf of investor(-s) in order to obtain special investors’ reports from the Central Depository accounts;
  • preparation and signing of documentation for trading, including contracts with brokers;
  • acting on behalf of investors with respect to any securities or accounts or any issue related to the Central Depository and Central Registry.

Customer support service

The company`s headquarters are based in Nicosia and Limassol. You can contact Global Capital via phone, fax, or email. To become a client of Global Capital, you should send a copy of your id that indicates the place of residence. After that, you will need to fill out the client categorization form and the form to open an account. All the documents are in Greek.

Traders’ feedback

Traders point out the company’s highly efficient software, quick response from the customer support service, fast execution of orders, and up-to-date quotes. However, some users complain about the lack of any information about trading conditions on the website. Besides, some of the key information is not available in English. To get more details, clients need to translate from Greek which may lead to misunderstanding. Traders also notice that spreads can widen greatly during trading.

Advantages and disadvantages

One undeniable advantage of the company is the fact that it is licensed by CySEC, a reputable regulator in online trading. Besides, Global Capital has over 20 years of experience in the industry which proves its credibility. Yet, this may not be enough for traders to opt for this broker. The lack of information about terms of trading raises concerns among investors. So, some users may hesitate to choose the services of this particular broker.

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