Grand Capital LTD, a foreign exchange (Forex ), binary and contracts for difference (CFD) broker, is aggressively expanding its presence in Africa, with the opening of several offices across the continent.
In the past two weeks, the broker has opened three new offices on the continent - one in South Africa and two in Nigeria. On Wednesday, the firm also revealed another opening of an office, this time in Botswana.
The new office is located in the country’s capital city, Gaborone. Through the new location, traders can open a trading account, as well as learn about FX and CFD trading, among other operations.
Grand Capital LTD, which is a provider of financial, educational and brokerage services, has numerous locations across the world. The company is incorporated in the Republic of Seychelles and has offices in Europe, Asia, Russia, the CIS and in Africa.
Also on Wednesday, the Chief Executive Officer (CEO) of the company, Stanislav Vaneev, posted on his LinkedIn that the firm had opened its first office in Nigeria, which was originally announced on April 4, 2019.
The FX and CFD broker has not disclosed how many representative offices it plans to open across the continent, nor where and if, it plans to establish further offices in Africa. However, in a previous statement by the company, it stated that the uptick in offices was to meet growing demand in the region.
In a statement published at the beginning of April, Goutam Das, investment advisor and development manager at Grand Capital said: “We strive for the utmost integrity in all dealings with our clients. We know how much value they put on security."
“That’s why Grand Capital not only provides Online Trading services through the website but also makes a point of working with customers in person as often as possible. Direct communication is an excellent way for us to get feedback and for the clients to find answers to all their questions.”
