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The world of Granado Espada takes place on a newly discovered continent based on the Americas during the Age of Exploration. The world is divided into different maps and grouped into themed regions such as forests, tropical jungles, plains, swamps, deserts and ice fields.
The continent, currently under the control of the fictional Kingdom of Vespanola as a colony, is in a crisis due to negligence by the home nation due to a war in the Old World. On the continent itself, internal strife has arisen from the feud between the Royalists supporting the Vespanolan crown, and the Republicans campaigning for independence. Therefore, the Vespanolan Queen has ordered a policy of Reconquista[3] for the continent by attracting more people from the Old World to settle there. The player takes the role of a pioneering family from the Old World, eager to explore the continent and eliminate elements that will threaten the survival of its people.

It have 5 initials characters: Fighter, Wizard, Scout, Elementalist and Musketeer.

Granado Espada distinguishes itself from many modern-day MMORPGs with a Multiple Character Control system. Rather than playing one character at a time, or using multiple clients, a player may control a party of up to three characters simultaneously. This aspect of the game gives it more of the feel of traditional, non-networked role-playing video games. Up to three characters can be selected to be part of a team in the Barracks Mode or Quarters. Any member of the party can be selected to be part of a team, regardless of differences in levels or classes.

Granado Espada allows the trading of RNPC (Recruitable NPCs) or UPC (Unique Playable Character) cards between different players, allowing combinations of teams with more than one of the same RNPC, as a player may only obtain a particular RNPC card once. The card is used up once the RNPC is created in the Barracks.
Some RNPCs may only be purchased by using items from the Cash Shop (Bazaar). Soso (Feng Ling), Baek-Ho (Baihu), Angie, Kurt and Eduardo (Edward) are examples of this class of RNPCs. Their cards are not tradeable. Instead, one must purchase a Mercenary card from the Cash Shop (Bazaar). Using the said Mercenary License card, the RNPC is "Merced" and can then be traded.
Premium RNPCs, for example, Emilia the Sage, can be obtained by the code provided in the Granado Espada Limited Signature Edition Box Set. Depending on which regional server the player is on, other RNPCs such as Panfilo the Battlecook, Idge the Battlesmith can be purchased from the Cash Shop while Ralph[5] is only available during promotions. The Japanese server has its own unique RNPCs Mifuyu, which can only be obtained for a limited period through a quest, and Andre de Lou-Oshiba, a recent addition based on the real-life Japanese comedian. Other regional servers starting from the Korean server has since modified Mifuyu and released her as Asoka, with different stats and stances. The Japanese server has since released an alternate Asoka with a dark-colored scheme compared the original Mifuyu, who sports a red/white-color scheme.

Basically that a little of what you will see in this great MMORPG, it's free to play, contains the basic this of a MMORPGS, like pvp duels, clan, wars. Have many quests, arcs and characters for all tastes

I let leave a little video if you wanna know more:
http://www.youtube.com/watch?v=w4RaJ059REA