About GRAND INDEX24
Company Overview
GRAND INDEX24 is a brokerage entity that lists its official domain as grandindex247.com. According to our records, the company claims to be registered in the United States and reports a founding date of October 13, 2022.
However, independent public information about this broker is extremely limited. FXCanary was unable to verify the broker's operational history, corporate structure, or the specific financial services it offers. This lack of publicly accessible data makes it difficult for traders to conduct standard due diligence.
Regulation and Licensing
Our records indicate that GRAND INDEX24 does not hold any regulatory licence from a recognised financial authority. The broker's regulatory field is listed as 'NONE'.
This absence of regulation is a significant red flag for traders. Regulated brokers are required to adhere to strict standards regarding client fund segregation, transparent reporting, and dispute resolution. Without oversight, there is no independent mechanism to ensure the broker operates fairly or to recover client funds in the event of misconduct.
Risk Assessment
FXCanary's proprietary scam risk score assigns GRAND INDEX24 a rating of 51 out of 100, which falls into the 'Elevated' risk category. This score reflects the high risk posed by the combination of no regulatory licence and a very thin public profile.
Traders are strongly cautioned against depositing funds with unregulated brokers. While an elevated score does not automatically mean fraud, it indicates that the broker operates in a jurisdiction and manner that exposes clients to considerable financial risk.
Overview compiled by FXCanary from regulatory records and public data. full GRAND INDEX24 review