Grand Capital CEO Stanislav Vaneev sat down with Finance Magnates to discuss the over-regulation of the Forex industry, CySEC license and investment services.
Please tell about yourself and how you reached your current role
I graduated from the University of Architecture and Civil Engineering at the time of perestroika, a Russian version of the Great Depression. My career in architecture didn’t promise decent income, so I decided to try myself in the field of entrepreneurship. I’ve opened and closed quite a few businesses, there was even time when I was organizing rave parties. However, I have always been interested in financial markets, stock trading in particular.
One day my interest led me to the Moscow exchange and since then my professional life has been associated with it. I have built up a team of like-minded professionals and opened the very first Grand Capital office in 2006. Now the company has over 40 offices all over the world.
I am convinced that one of the major success factors for any entrepreneur is the people who work alongside them. Our team consists of enthusiastic young professionals, who help me move the company forward. The success of the company and its rapid growth in the recent years would not have been possible without the great people that work and have worked in Grand Capital.
What are your goals for the company for the next few years?
Providing services for forex traders is not our only focus. We also invest in IT heavily. One of our most recent projects is UpTrader, a brokerage software development company. The fact that it took only one year for the company to gain popularity on the market shows how insightful we were to see the potential for such an offer. At the moment there is no other company on the market that develops literally everything that is needed to start a brokerage from scratch. The company takes on complicated projects, from a trader’s area to CRM and bonus programs, all tailored to the clients’ individual needs, as well as develops turnkey solutions.
Another interesting project is Grand Class, a remote education system, which addresses the need of thousands of schools and companies to have a reliable online education software. So far the project only exists on Russian market, but it will be available in a variety of languages in the nearest future.