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GANAR MARKETS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ganarmarkets.com/, about the company's legal and temporary regulatory information, the company's address Flat 43 Perkins House, Wallwood Street, London, England, E14 7AH.

GANAR MARKETS Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
GANAR MARKETS
Abbreviation
GANAR MARKETS
Company employee
--
Customer Service Email Address
support@ganarmarkets.com
Contact Number
+61272019503
Company address
Flat 43 Perkins House, Wallwood Street, London, England, E14 7AH
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
Australia Appointed Representative(AR) Revoked
High potential risk

Company profile

Note:GANAR Markets's official website:https://nz.sp-investment.com/ is currently inaccessible normally.GANAR Markets Information Founded in 2023 and with headquarters in the United Kingdom, GANAR Markets runs under a previously repealed ASIC regulation,but now is revoked. With leverage up to 1:500 for Forex, the site has three account types: Standard, Zero, and Pro; indices and commodities have 1:100. For Standard accounts, spread is one pip; for Pro accounts, two pip. Among the several market tools available from GANAR Markets are Forex, commodities, indices, stock CFDs, metals, and cryptocurrencies. Customer service may be found email at support@ganarmarkets.com and phone at +61 272019.Is GANAR Markets Legit or a Scam? Previously,Commonwealth of Australia Regulatory Authority (ASIC) wasin charge of GANAR Markets under an Appointed Representative (AR) license. Under license number 001288, Australia licensed GANAR MARKETS Pty LTD, therefore underlining corporate control. Originally active on June 4, 2021, the license was revoked August 20, 2021. GANAR Markets is unregulated now. Australia Securities & Investment Commission(ASIC) Current StatusRevoked Regulated by ASIC License TypeAppointed Representative(AR) License No.001288656 Licensed InstitutionGANAR MARKETS PTY LTDDownsides of GANAR Markets GANAR Markets is unregulated, therefore depriving the business of any reasonable regulatory control and so increasing investment risk. Several reports of forced liquidation, account manipulation, and reluctance to execute withdrawals point to a great possible risk related to the platform. The website of the company presents insufficient information on deposit and withdrawal policies, which raises doubts on the dependability and transparency of their financial operations.Market Instruments GANAR Markets offers among the numerous market instruments Forex, commodities, indices, stock CFDs, metals, and cryptocurrencies. This range allows traders to engage in numerous financial markets, thereby providing opportunities for portfolio diversification and maybe returns across several asset classes.Account Types GANAR Markets offers three account types for varying trading requirements and degree of expertise. The Standard Account should be used by beginners and those looking for basic trading experience. For Forex it has a 1 pip minimum spread and leverage up to 1:500; for indices and commodities it has a 1 pip minimum spread. This explanation simplifies trading. The Zero Account is for traders looking for lower fees and closer spreads. Zero spreads allow more exact trading and larger earnings. 1:500 Forex leverage and 1:100 indices and commodities leverage still apply from this account. The Pro Account's 2-pip minimum spread appeals to seasoned traders. Advanced traders are ready to pay a bigger spread for improved market execution and additional features should choose this account type.Negative GANAR Markets Reviews on WikiFX An essential comment part in WikiFX is exposure. Before trading on unofficial platforms, we recommend users to check this part.It shows material and evaluate dangers. Please kindly visit our website for details. It has 7 exposures on WikiFX. I will introduce 2 of them. Exposure.1 Scammer behavior ClassificationScammer behavior DateSeptember 7th,2021 Post CountryPhilippines The client said they were shocked to see scammers locked and deleted their accounts after receiving threatening texts; others going through similar circumstances have confirmed this approach is true.You are able to go: https://www.wikifx.com/en/comments/detail/202109076872879574.html Exposure.2 Fraudulent activity ClassificationFraudulent activity DateSeptember 4th,2021 Post CountryHong Kong,China The customer claimed the Li Chengang group guided consumers to make deposits, resulting in significant losses and stopping withdrawals.You can go: https://www.wikifx.com/en/comments/detail/202109076872879574.htmlConclusion Finally, GANAR Markets' canceled ASIC regulation, great potential risk, and many client complaints about dishonest behavior and withdrawal problems make trading there dangerous. To guarantee a safer and more secure trading experience, users are highly urged to select controlled brokers with open and publicly available information.

Rating Index

Ganar Markets Forex Broker - Complete Information Guide

1. Broker Overview

Ganar Markets is a forex broker that was established in 2020. The company is headquartered in the United Kingdom, and it operates as a private entity, providing trading services primarily in the forex market. The broker targets retail traders and institutional clients, offering various financial instruments to meet their trading needs.

Since its inception, Ganar Markets has focused on delivering a user-friendly trading experience, emphasizing transparency and efficiency. The company has developed a reputation for catering to a diverse clientele, which includes both novice and experienced traders. As a relatively new player in the market, Ganar Markets aims to leverage technology to enhance trading conditions and provide competitive offerings.

The business model of Ganar Markets is centered around retail forex trading, as well as institutional services. The broker provides access to a wide range of financial instruments, including forex pairs, CFDs, and commodities. The company has also made strides in developing its trading platform and technology infrastructure to support its clients effectively.

Ganar Markets broker has positioned itself as a reliable option for traders seeking competitive trading conditions and a robust trading environment.

2. Regulatory and Compliance Information

Ganar Markets operates without significant regulatory oversight, which raises concerns regarding investor protection and market integrity. The broker is not currently regulated by any major financial authorities, making it essential for potential clients to exercise caution when considering investment with this broker.

As of now, Ganar Markets does not possess any regulatory licenses, which means it lacks the necessary oversight and compliance mechanisms that regulated brokers typically provide. This absence of regulation can lead to increased risks for traders, as there are no established guidelines to protect their funds.

Additionally, Ganar Markets does not appear to have a clear customer fund segregation policy in place. This lack of transparency regarding fund management practices can pose risks to clients' capital in the event of financial difficulties faced by the broker.

The broker has not disclosed any participation in investor compensation schemes, which typically provide a safety net for clients in case of broker insolvency. Furthermore, there is no information available regarding Ganar Markets' Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are crucial for ensuring the security and legitimacy of trading activities.

Given these regulatory factors, potential clients should carefully consider the implications of trading with Ganar Markets and the associated risks involved.

Ganar Markets broker is currently operating in a high-risk environment due to its lack of regulation.

3. Trading Products and Services

Ganar Markets offers a diverse range of trading products designed to cater to various market participants. The broker provides access to over 50 forex currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in various trading strategies and capitalize on market movements.

In addition to forex trading, Ganar Markets also offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. This wide array of trading instruments enables clients to diversify their portfolios and explore multiple investment opportunities.

The broker frequently updates its product offerings, introducing new trading instruments to meet evolving market demands. This commitment to innovation ensures that traders have access to the latest financial products and can adapt to changing market conditions.

Ganar Markets provides retail trading services, focusing on individual traders looking to enter the forex market. The broker also offers institutional client services, catering to businesses and organizations seeking to access the forex market for their trading and investment needs.

While there is no specific information regarding white-label solutions or asset management services, Ganar Markets remains committed to providing a comprehensive trading experience for its clients.

Ganar Markets broker is dedicated to offering a wide range of trading products and services to meet the diverse needs of its clients.

4. Trading Platforms and Technology

Ganar Markets supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized for their user-friendly interfaces and robust functionality. These platforms provide traders with access to a comprehensive suite of trading tools, including advanced charting capabilities, technical indicators, and automated trading options.

The broker has not disclosed any proprietary trading platform details, indicating that it primarily relies on the established MT4 and MT5 platforms to deliver its services. This approach allows traders to benefit from the extensive features and functionalities offered by these platforms.

Ganar Markets also provides a web-based trading platform, enabling clients to trade directly from their web browsers without the need for software downloads. This flexibility is particularly beneficial for traders who prefer to access their accounts from different devices.

In terms of mobile trading, Ganar Markets offers applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. This mobile accessibility enhances the overall trading experience and provides clients with the convenience of trading anytime, anywhere.

The broker operates its trading infrastructure on reliable servers, ensuring fast execution speeds and minimal downtime. However, specific details regarding server locations and technical infrastructure have not been disclosed.

Ganar Markets supports API access for automated trading, enabling clients to implement algorithmic trading strategies and connect their trading systems seamlessly.

Ganar Markets broker leverages established trading platforms and technology to provide clients with a comprehensive trading experience.

5. Account Types and Trading Conditions

Ganar Markets offers various account types to accommodate different trading preferences and experience levels. The standard account requires a minimum deposit, which is currently unspecified, and provides traders with access to competitive spreads and commissions. The exact details regarding spreads and commissions are not clearly outlined in the available information.

The broker may also offer advanced account types, such as VIP or professional accounts, which typically come with enhanced trading conditions and additional features. However, specific details regarding these account types have not been provided.

For clients seeking specialized accounts, Ganar Markets may offer Islamic accounts, catering to traders who adhere to Sharia law. Information regarding corporate accounts is not available, indicating a potential gap in the broker's offerings.

Ganar Markets provides a demo account option, allowing potential clients to practice trading in a risk-free environment. This feature is beneficial for novice traders looking to familiarize themselves with the trading platform and develop their trading strategies.

The broker offers leverage ratios that vary by product, with maximum leverage for forex trading reportedly up to 1:500. The minimum trade size is set at 0.01 lots, enabling traders to enter the market with smaller positions.

Details regarding overnight fees and other trading conditions are not explicitly stated, making it essential for prospective clients to inquire directly with the broker for comprehensive information.

Ganar Markets broker presents a range of account types and trading conditions tailored to meet the diverse needs of its clients.

6. Fund Management

Ganar Markets supports several deposit methods, including bank transfers, credit cards, and electronic wallets. The specific details regarding the supported payment providers and methods have not been disclosed, which may limit flexibility for clients seeking various funding options.

The minimum deposit requirement varies by account type, but the exact figures are not provided in the available information. This lack of clarity may pose challenges for potential clients looking to understand their initial investment requirements.

Deposit processing times are currently unspecified, which can impact clients' ability to access funds for trading promptly. Additionally, there is no information available regarding deposit fees, which may affect the overall cost of trading with Ganar Markets.

For withdrawals, Ganar Markets offers multiple methods, but specific withdrawal options and limitations have not been detailed. The processing times for withdrawals are also unclear, which can lead to uncertainty for clients seeking timely access to their funds.

The fee structure for withdrawals is not explicitly stated, making it crucial for clients to verify the costs associated with withdrawing their funds from the broker.

Ganar Markets broker provides various fund management options, but specific details regarding fees and processing times are lacking.

7. Customer Support and Educational Resources

Ganar Markets offers customer support through various channels, including phone, email, and online chat. However, specific details regarding the availability of these support channels and their operating hours have not been disclosed.

The broker provides support primarily in English, but there is no information available regarding additional language support, which may limit accessibility for non-English speaking clients.

In terms of educational resources, Ganar Markets offers a range of materials designed to enhance traders' knowledge and skills. These resources may include webinars, tutorials, and eBooks, but specific details on the types of educational content provided are not available.

Market analysis services, such as daily analysis, news updates, and research reports, are not explicitly mentioned, indicating a potential gap in the broker's offerings for clients seeking comprehensive market insights.

Ganar Markets may provide various trading tools, including calculators, economic calendars, and signal services, but specific information on these tools is not provided.

Ganar Markets broker aims to support its clients with various resources, but detailed information on customer support and educational offerings is limited.

8. Regional Coverage and Restrictions

Ganar Markets primarily serves clients in the United Kingdom and surrounding regions. The broker has not disclosed specific details regarding its regional office distribution, which may limit transparency for potential clients.

Certain countries and regions may be restricted from accessing Ganar Markets' services, but specific information regarding these restrictions is not provided. This lack of clarity could pose challenges for potential clients in those regions seeking to engage with the broker.

Additionally, there may be special restrictions based on local regulations and compliance requirements, but further details on these limitations have not been disclosed in the available information.

Ganar Markets broker focuses on serving clients in specific regions, but detailed information on coverage and restrictions is not clearly outlined.

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Latest Reviews

FX2046354843

FX2046354843

Philippines

I was initially flabbergasted. But now that many others have shared the same story as mine, I can say for certain that this is the new script of these scammers. They even locked and deleted their accounts upon receiving confronting texts from their ‘prey’," M.Y. said.

Exposure

2021-09-07

FX3042614573

FX3042614573

Hong Kong

The scammer Li Chengang cheated users and disappeared.

Exposure

2021-09-05

FX4156941913

FX4156941913

Hong Kong

The group of Li Chengang led users to deposit and liquidated the account, which caused large losses. They blocked me from the group. Unable to withdraw.

Exposure

2021-09-04

GANAR MARKETS Forex Broker has an overall rating of 1.48, Regulatory Index 0.00, License Index 0.00, Business Index 6.75, Software Index 4.00 Risk Control Index 0.00.
GANAR MARKETS