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GANN foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://gannmarkets1.com/client/register, about the company's legal and temporary regulatory information, the company's address Podgorica,Montenegro Svetlane Kane Radević 5, floor 4, 81000.

GANN Forex Broker

Basic Information

Registered Region
Montenegro
Operating Period
--
Company Name
Gann Markets Corp.
Abbreviation
GANN
Company employee
--
Customer Service Email Address
info@gannmarkets.com
Contact Number
+85238269044266
Company address
Podgorica,Montenegro Svetlane Kane Radević 5, floor 4, 81000
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

GANN broker review

Is GANN safe or scam

Rating Index

  

Gann Forex Broker - Complete Information Guide

  

1. Broker Overview

  Gann Markets, established in 2018, operates as a forex and CFD broker with its headquarters located in Montenegro. The company is privately held and primarily serves retail clients, focusing on providing a user-friendly trading environment. Since its inception, Gann Markets has aimed to offer competitive trading conditions and a diverse range of financial instruments.

  The broker has made significant strides in the trading community, receiving accolades such as the Best Execution Broker award at the MENA Forex Show in 2020. Gann Markets has expanded its operations to cater to clients in various regions, offering services tailored to both novice and experienced traders. The company operates under a business model that emphasizes retail forex trading and offers a selection of contracts for difference (CFDs) across multiple asset classes.

  As a relatively young broker, Gann Markets has established itself as a reputable player in the forex market, leveraging advanced technology and customer-centric services to attract traders. The firms commitment to providing excellent trading conditions has positioned it as a competitive option for those looking to engage in forex and CFD trading.

  

2. Regulatory and Compliance Information

  Gann Markets is regulated by the Mwali International Services Authority (MISA) in the Comoros, which provides a level of oversight for its operations. However, it is important to note that this regulatory framework is classified as Tier-3, indicating a lower level of regulatory oversight compared to Tier-1 authorities. The broker does not currently hold a license from major financial authorities such as the FCA or ASIC, which may raise concerns regarding the security of client funds.

  The broker's regulatory number is not publicly listed, and the lack of stringent oversight may affect potential clients' perceptions of safety. Gann Markets does implement a Know Your Customer (KYC) and Anti-Money Laundering (AML) policy, ensuring that clients provide verified personal information when opening an account.

  Client funds are kept in segregated accounts, which helps to protect traders' capital in the event of financial difficulties faced by the broker. However, Gann Markets does not participate in any investor compensation fund, which could provide additional security for clients in case of broker insolvency.

  

3. Trading Products and Services

  Gann Markets offers a diverse range of trading products, including over 60 forex currency pairs that encompass major, minor, and exotic pairs. The broker also provides access to a variety of CFD products, including indices, commodities, stocks, and cryptocurrencies. The available CFDs cover popular markets such as gold, silver, oil, and major stock indices like the S&P 500 and NASDAQ.

  The broker regularly updates its product offerings and is committed to expanding its asset classes based on market demand. Gann Markets primarily focuses on retail trading services, providing clients with the tools necessary to engage in active trading. While the broker does not currently offer institutional services or white-label solutions, it aims to deliver a comprehensive trading experience for individual traders.

  Gann Markets also facilitates automated trading through its support of Expert Advisors (EAs) on the MetaTrader 4 platform, allowing traders to implement algorithmic strategies effectively. This flexibility in trading options is designed to cater to the varying preferences and strategies of its clientele.

  

4. Trading Platforms and Technology

  Gann Markets supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust features and user-friendly interface. The MT4 platform offers advanced charting tools, a variety of technical indicators, and the ability to automate trading strategies through EAs. However, Gann Markets does not currently provide access to the newer MetaTrader 5 (MT5) platform.

  The broker offers a web-based trading platform, allowing users to trade seamlessly from any browser without the need for software installation. Additionally, Gann Markets provides a mobile application compatible with both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

  In terms of execution models, Gann Markets operates on both ECN and market execution models, ensuring that clients benefit from competitive spreads and fast order execution. The broker's servers are strategically located to enhance execution speed and reliability, which is crucial for traders looking to capitalize on market movements.

  

5. Account Types and Trading Conditions

  Gann Markets offers several account types to accommodate various trading preferences. The standard account requires a minimum deposit of $100, with spreads starting from 0.7 pips and commission-free trading. This account type is suitable for beginners who prefer a straightforward trading environment.

  For more experienced traders, the ECN account is available with a minimum deposit of $100, offering tighter spreads starting from 0.1 pips but with a commission of $7 per lot traded. Both account types allow leverage of up to 1:400, providing traders with the ability to amplify their positions.

  The broker also offers swap-free accounts for clients who require Islamic trading options. Additionally, Gann Markets provides demo accounts for traders to practice their strategies without risking real capital.

  Traders can execute minimum trade sizes of 0.01 lots, and the broker has a clear policy regarding overnight fees. The margin call level is set at 100%, with a stop-out level of 20%, ensuring that traders are informed about their risk management parameters.

  

6. Fund Management

  Gann Markets supports a variety of deposit methods, including bank transfers, credit/debit cards, and several e-wallet options such as Skrill and Neteller. The minimum deposit requirement varies by account type, with the standard account starting at $100.

  Deposits are generally processed instantly or within a few hours, depending on the chosen method. Notably, Gann Markets does not charge any fees for deposits or withdrawals, which is a significant advantage for active traders.

  Withdrawal methods include bank transfers, credit cards, and e-wallets. The processing time for withdrawals can vary, typically taking up to 10 business days for bank transfers and e-wallets. However, withdrawals to credit cards may take longer, potentially up to 30 calendar days.

  The broker has a clear fee structure for inactive accounts, charging a maintenance fee of $10 per month for accounts that remain inactive for over 100 days. This policy encourages active trading and engagement with the platform.

  

7. Customer Support and Educational Resources

  Gann Markets prides itself on providing comprehensive customer support, available through multiple channels, including email, live chat, and telephone. The support team operates 24/5, aligning with global trading hours, ensuring that clients can receive assistance whenever needed.

  The broker supports various languages, catering to its diverse client base. However, the educational resources offered by Gann Markets are somewhat limited, primarily consisting of basic articles and a glossary of trading terms. There are occasional webinars and tutorials, but the depth of educational content may not be sufficient for novice traders seeking comprehensive training.

  Additionally, Gann Markets provides market analysis services, including daily updates and research reports, to help traders stay informed about market trends and developments. The availability of trading tools, such as calculators and economic calendars, enhances the trading experience for users.

  

8. Regional Coverage and Restrictions

  Gann Markets primarily serves clients in various regions, including Europe, Asia, and the Middle East. The broker has established a presence in multiple countries, with offices in locations such as Saint Vincent and the Grenadines.

  However, it is important to note that Gann Markets does not accept clients from certain countries, including the United States and other regions where regulatory restrictions apply. This limitation is crucial for potential clients to consider before engaging with the broker.

  In summary, Gann Markets offers a competitive trading environment with a range of products and services tailored to meet the needs of both novice and experienced traders. While the broker provides access to advanced trading platforms and a variety of financial instruments, potential clients should carefully assess the regulatory framework and available resources before making a decision.

  Overall, Gann Markets positions itself as a viable option for traders seeking to engage in forex and CFD trading, with a focus on delivering quality service and competitive conditions.

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GANN Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.33, Software Index 4.00 Risk Control Index 0.00.