Garnet Forex Broker keeps up-to-date with the latest trading account information, including ECN Account, Prime Account, Standard Account maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
Competitive spreads starting from 0.9 pips, which can be attractive for traders.
Access to the advanced MetaTrader 5 platform, providing a robust trading experience.
Low minimum deposit requirement of $100, making it accessible for new traders.
Cons
Lack of proper regulation, as the broker is based in an offshore jurisdiction with limited oversight.
Negative reviews and complaints regarding fund security and withdrawal issues, raising concerns about trustworthiness.
High leverage of up to 1:300 can increase risk exposure, potentially leading to significant losses.
Garnet broker Accounts
ECN Account
Prime Account
Standard Account
Garnet Trade Account Type
Garnet Trade offers five different types of trading accounts to cater to various trader needs:
- Beginner Account
- Minimum Deposit: $100
- Available Base Currencies: USD, EUR, GBP, AUD
- Spreads From: 0.9 pips
- Max Leverage: 1:100
- Minimum Lots: 0.01
- Commissions: Zero commission
- All Strategies Allowed: Yes
- Standard Account
- Minimum Deposit: $1,500
- Available Base Currencies: USD, EUR, GBP, AUD
- Spreads From: 0.9 pips
- Max Leverage: 1:300
- Minimum Lots: 0.01
- Commissions: Zero commission
- All Strategies Allowed: Yes
- Prime Account
- Minimum Deposit: $5,000
- Available Base Currencies: USD, EUR, GBP, AUD
- Spreads From: 0.5 pips
- Max Leverage: 1:300
- Minimum Lots: 0.01
- Commissions: Zero commission
- All Strategies Allowed: Yes
- ECN Account
- Minimum Deposit: $10,000
- Available Base Currencies: USD, EUR, GBP, AUD
- Spreads From: 0.1 pips
- Max Leverage: 1:500
- Minimum Lots: 0.01
- Commissions: $0 - $10 per side
- All Strategies Allowed: Yes
- Zero Account
- Minimum Deposit: $10,000
- Available Base Currencies: USD, EUR, GBP, AUD
- Spreads From: 0.1 pips
- Max Leverage: 1:500
- Minimum Lots: 0.01
- Commissions: $0 - $10 per side
- All Strategies Allowed: Yes
Choose Your Account Type: Select from the five available account types based on your trading needs and capital.
Fill in Personal Information: Provide necessary details including:
- Name
- Birthday
- Country
- Address
- Gender
- Password
- Phone number
- Submit Required Documents: You will need to upload any of the following documents for verification:
- Front side of your national ID
- Front of your passport
Complete Registration: Press the 'Continue' button to finalize your account creation process.
Fund Your Account: Make your initial deposit as per the minimum requirement of the chosen account type.
For more details, visit the Garnet Trade Account Types.
Garnet Trade Broker Account Opening Process
To open an account with Garnet Trade, follow these steps:
For more detailed information, visit the Garnet Trade Help Center.
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