Grand Capital Scam Warning: Seychelles FSA Alert on Offshore Forex

The Seychelles financial authority, the FSA, has published a warning headed "fraudulent company" about Grand Capital Ltd, which accepts clients through grandcapital.net, and has stated that the company never had authority to carry out securities transactions in the country. This forex and options brand, which has been online for many years, also appears on the blacklists of several European regulators.

🚨 Which Regulators Issued Warnings About Grand Capital?

In its warning, the Seychelles FSA stated that the site presents itself as an international foreign exchange and derivatives broker but that no permission was obtained for this activity. The warnings about the brand do not stop there: CNMV in Spain, AMF in France, Consob in Italy, CMVM in Portugal and FSMA in Belgium have also counted Grand Capital among entities operating without authorisation.

Grand Capital is not authorised by SPK; its name does not appear on the SPK list of authorised intermediary institutions. Offering leveraged transaction intermediation to persons resident in Türkiye is unauthorised capital markets activity under SPK Decision No. 8/297 of 24.02.2017 and Article 109 of Law No. 6362.

🔍 The Company Network and Payment Channels

It has been reported that companies established in Saint Vincent and the Grenadines, Seychelles, South Africa, Nigeria and Namibia stand behind the operation, while it is managed from Russia. The same group also has a binary options brand called GCOption.

🔗 Other Platforms Using the Same Method

We have covered brands before that collect money from Turkish investors through companies set up in island jurisdictions.

🧭 The Legal Process for Victims

1. The first question examined is the validity of the foreign arbitration clause imposed by the offshore company.
2. On the criminal side, the process begins with the criminal complaint stage.
3. Through the local banks and payment institutions where the money was traced, refund routes from a foreign firm are assessed.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions