GARNETTRADE

Is GARNETTRADE safe and legit？ Full review

GARNETTRADE is a Macedonia-based broker established in 2020 and regulated by the Australia Securities & Investment Commission through GARNET FINANCE PTY LTD. It offers five account types — Zero, ECN, Prime, Standart, and Beginner — with maximum leverage up to 1:1000, and its platform lineup combines a self-developed solution with MT5 under a full MT4/5 license, alongside a mobile app. Account opening is easy and completely digital, and customer service covers 7 languages. The broker's influence rating is D, with an average influence index of 4.40. Points to weigh include multiple disclosures, a generally low broker profile, and the absence of biometric login such as fingerprint or Face ID, while the ASIC regulation, full-license MT4/5 platform, and multiple account types count in its favor.

Basic Information

Regulatory Compliance and Security

GARNETTRADE is regulated by the Australia Securities & Investment Commission, and the entity behind that authorization is GARNET FINANCE PTY LTD. The regulatory status is recorded as Regulated, with a safety level of Level 1, a regulatory state value of 600, and regulation number 001319729.

Account Type

GARNETTRADE offers 5 types of accounts:

Trading software

GARNETTRADE uses a self-developed platform and MT5, both under full MT4/5 license authorization, and supports mobile apps on iOS and Android. The experience is rated Fair. The software provides a customizable chart, signal chart, EA support, copy trading, simulated trading, and trading tools, but Windows, macOS, web, and other applications are not supported.

MT4/5 Server Distribution:

• GarnetLimited-Server — MetaTrader5, United Kingdom

Mobile Support:

• iOS: Garnet Private (https://apps.apple.com/us/app/garnet-private/id6477193787)
• Android: Garnet Private (https://play.google.com/store/apps/details?id=com.garnet.app)

Customer Service

GARNETTRADE's customer service supports 7 languages and 1 service region (Macedonia). You can reach the team by phone, email, WhatsApp, and social platforms for answers to most inquiries.

⚠️ Please note that response times may be lengthy.

Influence

GARNETTRADE has an influence rating of D. Its influence is mainly distributed in the Czech Republic, Kuwait, Russia, and Turkey, with an average influence index of 4.40.