GANNMarkets

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Popularity popular broker
Leverage 1:500
Minimum Deposit $100
Regulation ASIC, CySEC, BaFin, MAS, VFSC
Payment Methods Bank Transfer, Credit Card, Skrill, Neteller, PayPal
Trading Assets Forex, Commodities, Indices, Stocks, Cryptocurrencies
MT4
MT5
Spreads Very low
Average cost: EUR/USD 0.1 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10/month after 3 months
Year Established 2016
Address 123 Broker Street, London, UK
Contact Information Email: [email protected], Phone: +44 123 456 7890, Live Chat, Contact Form
Mobile Trading APP
Rating ★★★★ 4.5
Website

Pros and Cons

Pros
  • Low spreads
  • Wide range of trading assets
  • Regulated by multiple authorities
  • User-friendly trading platforms
  • Excellent customer support
Cons
  • Inactivity fee after 3 months
  • No PAMM accounts
  • Limited availability of ZuluTrade
  • Some withdrawal methods have fees
  • High leverage may not be suitable for all traders

Introduction

GANNMarkets is a prominent forex broker that has been providing financial services to users worldwide since its establishment in 2016.

With a commitment to offering high-quality trading platforms, competitive spreads, and excellent customer support, it has gained a substantial following in the forex trading community.

This review will delve into the various aspects of the broker, including its regulatory status, trading platforms, account types, fees, customer support, and more.

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Regulation and Safety

One of the most crucial factors to consider when choosing a broker is its regulatory status.

This company is regulated by several top-tier financial authorities, including:

  • ASIC (Australian Securities and Investments Commission)
  • CySEC (Cyprus Securities and Exchange Commission)
  • BaFin (Federal Financial Supervisory Authority, Germany)
  • MAS (Monetary Authority of Singapore)
  • VFSC (Vanuatu Financial Services Commission)

These regulatory bodies ensure that the company adheres to strict financial standards and operates transparently, providing a secure trading environment for its clients.

Additionally, the broker offers negative balance protection, ensuring that users cannot lose more than their initial investment.

Moreover, the broker’s compliance with these regulatory bodies means it must undergo regular audits and maintain segregated funds.

This ensures that client money is kept separate from its operational funds, reducing the risk of financial mismanagement.

Furthermore, being regulated by multiple authorities across different regions adds an extra layer of security and reliability for customers trading from various parts of the world.

Trading Platforms

GANNMarkets offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Both platforms are known for their user-friendly interfaces, advanced charting tools, and a wide range of technical indicators.

MetaTrader 4 (MT4)

  • User-friendly interface
  • Advanced charting tools and technical indicators
  • Expert Advisors (EA) for automated trading
  • Available on desktop, web, and mobile devices

MT4 is a favorite among traders due to its robust features and reliability.

The platform supports multiple order types, allowing users to implement various trading strategies.

The advanced charting tools provide numerous ways to analyze the market, making it easier to identify trends and potential trading opportunities.

Additionally, MT4’s support for Expert Advisors (EA) enables automated trading, which can help clients manage their trades more efficiently.

MetaTrader 5 (MT5)

  • All features of MT4 plus additional functionalities
  • More timeframes and order types
  • Improved strategy tester for back testing
  • Enhanced trading capabilities for a broader range of assets

MT5 is the successor to MT4 and includes all of its features, along with additional enhancements.

It offers more timeframes and order types, providing users with greater flexibility in their trading.

The improved strategy tester allows for more comprehensive back testing of trading strategies, helping users optimize their performance.

Moreover, MT5 supports a wider range of trading instruments, making it suitable for those who wish to diversify their portfolios.

Account Types

GANNMarkets offers several account types to cater to different trading needs and preferences:

Standard Account

The Standard Account is suitable for most users, offering competitive spreads and access to all available trading instruments.

The minimum deposit for this account type is $100.

ECN Account

The ECN Account is designed for more experienced users who require tighter spreads and direct market access.

This account type features extremely low spreads starting from 0.0 pips and charges a small commission on trades.

The minimum deposit for an ECN Account is $500.

Islamic Account

The Islamic Account is swap-free, making it compliant with Islamic finance principles.

This account type is available upon request and offers the same features as the Standard Account.

Demo Account

GANNMarkets provides a demo account for beginners to practice trading without risking real money.

This account type is an excellent way to familiarize oneself with the trading platforms and test strategies.

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Spreads and Fees

GANNMarkets is known for offering very competitive spreads, which can significantly reduce trading costs.

The spreads for major currency pairs, such as EUR/USD, are as low as 0.1 pips for ECN Accounts and 1.2 pips for Standard Accounts.

Account Type EUR/USD Spread Commission Minimum Deposit
Standard Account 1.2 pips No $100
ECN Account 0.1 pips $7 per lot $500

The broker does not charge any fees for deposits or withdrawals, making it an attractive choice for cost-conscious users.

However, there is an inactivity fee of $10 per month after three months of no trading activity.

Leverage

GANNMarkets offers leverage up to 1:500, providing users with the opportunity to maximize their trading potential.

While high leverage can increase potential profits, it also comes with increased risk.

Therefore, it is essential for anybody to manage their risk carefully when trading with leverage.

High leverage can amplify both gains and losses, making risk management a critical aspect of trading.

Users should employ proper risk management techniques, such as setting stop-loss orders and limiting the use of leverage, to mitigate potential downsides.

It also offers educational resources to help clients understand the implications of leverage and how to use it effectively.

Trading Instruments

GANNMarkets offers a wide range of trading instruments, including:

  • Forex: Major, minor, and exotic currency pairs
  • Commodities: Gold, silver, oil, and more
  • Indices: Major global indices such as the S&P 500, Dow Jones, and FTSE 100
  • Stocks: Shares of major companies from around the world
  • Cryptocurrencies: Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin

Forex Trading

The forex market is the largest and most liquid market in the world, with a daily trading volume exceeding $6 trillion.

GANNMarkets provides access to a wide range of currency pairs, including majors like EUR/USD, minors like GBP/JPY, and exotic pairs like USD/TRY.

This variety allows users to diversify their trading portfolios and take advantage of different market opportunities.

Commodities Trading

Commodities are essential goods used in commerce that are interchangeable with other commodities of the same type.

The broker offers trading in various commodities, including precious metals like gold and silver, energy products like oil, and agricultural products.

Trading commodities can be a great way to hedge against inflation and diversify a trading portfolio.

Indices Trading

Indices represent the performance of a group of stocks from a specific country or sector, and they are often used to gauge the overall performance of the market.

This broker provides access to major global indices, allowing clients to trade on the overall performance of stock markets rather than individual stocks.

This can be an effective way to diversify risk and gain exposure to broader market movements.

Stocks Trading

Stock trading involves buying and selling shares of publicly listed companies.

GANNMarkets offers access to a wide range of stocks from major global exchanges.

This allows clients to invest in some of the world’s largest and most well-known companies, such as Apple, Google, and Amazon.

Trading stocks can be a great way to build wealth over the long term, and it provides the tools and resources needed to trade stocks effectively.

Cryptocurrencies Trading

Cryptocurrencies are digital or virtual currencies that use cryptography for security.

GANNMarkets offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

The cryptocurrency market is known for its high volatility, which can present both opportunities and risks for traders.

It also provides the tools and resources needed to trade cryptocurrencies effectively, including advanced charting tools and real-time market data.

Payment Methods

GANNMarkets supports more than 10 payment methods, ensuring convenience for its clients.

These methods include:

  1. Bank Transfer
  2. Credit/Debit Card
  3. Skrill
  4. Neteller
  5. PayPal

Deposits are processed instantly, while withdrawals are usually processed within 24 hours.

This broker does not charge any fees for deposits or withdrawals, but users should be aware that their payment provider may impose its fees.

Deposit and Withdrawal Process

The deposit and withdrawal process is straightforward and user-friendly.

Clients can fund their accounts using more than 10 methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill, Neteller, and PayPal.

Deposits are typically processed instantly, allowing anybody to start trading without delay.

Withdrawal Process

Withdrawals are usually processed within 24 hours, ensuring that clients have quick access to their funds.

GANNMarkets does not charge any fees for withdrawals, making it an attractive option for those who want to minimize their trading costs.

However, clients should be aware that their payment provider may impose its fees.

Customer Support

This company is known for its excellent customer support, which is available 24/5 to assist clients with any issues or inquiries.

Users can contact the support team through various channels, including:

The support team is knowledgeable and responsive, ensuring that customers receive timely and effective assistance.

Additionally, it offers an extensive FAQ section on its website, which addresses common questions and concerns.

Support Channels

In addition to the primary support channels, it also offers support through social media platforms such as Facebook, Twitter, and LinkedIn.

These channels provide an additional avenue for clients to get in touch with the support team and stay updated with the latest news and developments.

Education and Resources

GANNMarkets places a strong emphasis on education, providing a wealth of resources to help users improve their trading skills and knowledge.

These resources include:

  • Trading Tutorials
  • Webinars and Seminars
  • Market Analysis and Insights
  • E-books and Articles
  • Glossary of Trading Terms

These educational materials are suitable for both beginners and experienced users, covering a wide range of topics from basic trading concepts to advanced strategies.

Webinars and Seminars

GANNMarkets regularly hosts webinars and seminars conducted by experienced traders and market analysts.

These events provide valuable insights into market trends, trading strategies, and risk management techniques.

Clients can participate in these events to enhance their knowledge and stay updated with the latest market developments.

Market Analysis and Insights

The broker provides comprehensive market analysis and insights, including daily market reviews, technical analysis reports, and economic calendar updates.

These resources help individuals make informed trading decisions and identify potential trading opportunities.

Their team of analysts provides expert commentary on market trends and economic events, helping clients stay ahead of the market.

E-books and Articles

Their platform offers a wide range of e-books and articles covering various aspects of trading, from beginner guides to advanced trading strategies.

These resources are available for free on their website and provide valuable information to help clients improve their trading skills and knowledge.

Topics covered include technical analysis, fundamental analysis, risk management, and trading psychology.

Glossary of Trading Terms

The broker provides a comprehensive glossary of trading terms to help clients understand the terminology used in the financial markets.

This resource is particularly useful for beginners who are new to trading and want to familiarize themselves with the key terms and concepts.

The glossary is easily accessible on the website and covers a wide range of terms related to forex, commodities, indices, stocks, and cryptocurrencies.

Mobile Trading

In today’s fast-paced world, the ability to trade on the go is essential.

GANNMarkets offers mobile trading apps for both iOS and Android devices, allowing users to manage their accounts and execute trades from anywhere.

The mobile apps feature a user-friendly interface and include all the essential tools and features available on the desktop and web platforms.

Mobile Trading Features

Their mobile trading apps offer a range of features, including:

  • Real-time market data and price quotes
  • Advanced charting tools and technical indicators
  • One-click trading
  • Order management and trade execution
  • Account management and balance monitoring
  • Push notifications for market alerts and updates

These features enable users to stay connected to the markets and manage their trades efficiently, even when they are away from their desks.

The apps are regularly updated to ensure they remain compatible with the latest operating systems and provide a seamless trading experience.

Special Features

GANNMarkets offers several special features that enhance the trading experience:

Copy Trading

This feature allows users to automatically copy the trades of experienced traders.

It is an excellent option for beginners or those who lack the time to monitor the markets constantly.

Users can select from a list of successful traders, review their performance statistics, and allocate funds to copy their trades.

Trading Signals

GANNMarkets provides trading signals, which are recommendations on potential trading opportunities based on technical and fundamental analysis.

These signals can help users make informed trading decisions and identify profitable opportunities in the market.

Expert Advisors (EA)

For those who prefer automated trading, the platform supports the use of Expert Advisors (EA) on both MT4 and MT5 platforms.

EAs are automated trading systems that can execute trades on behalf of users based on predefined criteria.

This feature allows for hands-free trading and can be particularly useful for those who cannot monitor the markets continuously.

Account Opening Process

Opening an account is a straightforward process that can be completed online in a few simple steps:

  1. Visit the website and click on the “Open Account” button.
  2. Fill out the registration form with your personal information.
  3. Verify your identity by uploading the required documents (proof of identity and proof of address).
  4. Choose your preferred account type and deposit funds into your account.
  5. Once your account is verified and funded, you can start trading immediately.

The verification process is usually completed within 24 hours, ensuring that clients can begin trading without unnecessary delays.

Bonuses and Promotions

GANN Markets occasionally offers bonuses and promotions to attract new clients and reward existing ones.

These promotions may include deposit bonuses, cashback offers, and trading contests.

It is essential to read the terms and conditions associated with these bonuses, as they often come with specific requirements, such as minimum trading volumes or withdrawal restrictions.

Market Analysis Tools

GANN Markets provides a suite of market analysis tools to help investors make informed trading decisions.

These tools include:

  • Economic Calendar: This tool provides a schedule of important economic events and releases that can impact the financial markets. Traders can use the economic calendar to stay informed about upcoming events and plan their trades accordingly.
  • Technical Analysis: The broker offers detailed technical analysis reports, highlighting key price levels, chart patterns, and technical indicators. These reports help traders identify potential trading opportunities and make informed decisions.
  • Market News: GANNMarkets provides up-to-date market news and analysis, covering major financial markets and economic events. The news feed is updated regularly, ensuring that traders have access to the latest information.

Trading Strategies

Successful trading often requires a well-defined strategy.

GANNMarkets supports various trading strategies, allowing clients to choose the approach that best suits their trading style and goals.

Some popular trading strategies supported include:

Scalping

Scalping involves making numerous small trades throughout the day to take advantage of minor price movements.

This strategy requires quick decision-making and fast trade execution, making it suitable for traders who can closely monitor the markets.

Day Trading

Day trading involves opening and closing trades within the same trading day, avoiding overnight exposure to market risks.

Day traders typically rely on technical analysis and short-term price movements to make their trading decisions.

Swing Trading

Swing trading involves holding positions for several days to weeks, taking advantage of medium-term price movements.

This strategy requires a good understanding of technical and fundamental analysis, as well as patience to wait for the right trading opportunities.

Position Trading

Position trading involves holding positions for several weeks to months, based on long-term market trends and fundamental analysis.

This strategy is suitable for traders who prefer a more passive approach and are willing to wait for significant price movements.

Risk Management

Effective risk management is crucial for long-term trading success.

The company provides various tools and features to help clients manage their risk, including:

Stop-Loss Orders

Stop-loss orders allow traders to set a predetermined price level at which their position will be automatically closed to limit losses.

This helps protect against significant market movements and prevents emotional decision-making.

Take-Profit Orders

Take-profit orders enable traders to set a target price at which their position will be automatically closed to lock in profits.

This ensures that profits are realized when the market reaches the desired price level.

Risk-Reward Ratio

Understanding and applying an appropriate risk-reward ratio is essential for managing risk.

Traders should aim for a risk-reward ratio that ensures their potential rewards outweigh the risks, helping to achieve long-term profitability.

Position Sizing

Proper position sizing involves determining the amount of capital to allocate to each trade based on the trader’s risk tolerance and overall account balance.

This helps prevent overexposure to any single trade and ensures that losses are kept within manageable limits.

Social Trading

Social trading is an innovative feature that allows users to follow and copy the trades of experienced traders.

This can be particularly beneficial for beginners or those who do not have the time to conduct their market analysis.

GANNMarkets offers a robust social trading platform where clients can:

  • Browse and follow successful traders
  • Automatically copy their trades
  • Review performance statistics and risk levels
  • Interact with other traders and share insights

Trading Contests

GANNMarkets frequently organizes trading contests to engage its clients and reward top performers.

These contests provide an opportunity for traders to showcase their skills and compete for attractive prizes, including cash rewards and trading bonuses.

Participation in trading contests can also help traders improve their skills and gain valuable experience in a competitive environment.

Partnership Programs

The company offers various partnership programs, including Introducing Broker (IB) and affiliate programs.

These programs provide an opportunity for individuals and businesses to earn commissions by referring new clients.

Partners can benefit from competitive commission structures, marketing support, and dedicated account managers.

Introducing Broker (IB) Program

The IB program is designed for individuals or businesses that want to earn commissions by introducing new customers.

IBs can benefit from a competitive commission structure, personalized support, and a range of marketing tools to help grow their client base.

Affiliate Program

The Affiliate program is aimed at digital marketers and website owners who want to monetize their traffic by promoting the company.

Affiliates can earn commissions for each referred client who opens an account and starts trading.

The program offers various promotional materials and tracking tools to help affiliates maximize their earnings.

Conclusion

GANNMarkets is a reputable and reliable forex broker that offers a comprehensive range of services to meet the needs of various users.

With its competitive spreads, diverse trading instruments, robust trading platforms, and excellent customer support, it provides a high-quality trading experience.

Additionally, its commitment to regulation and safety ensures that clients can trade with confidence.

Whether you are a beginner looking to learn the ropes or an experienced investor seeking advanced trading features, GANNMarkets has something to offer.

With its user-friendly platforms, educational resources, and supportive customer service, it stands out as a top choice for forex trading.

Overall, GANNMarkets is a solid choice for anyone looking to trade forex and other financial instruments.

Its commitment to transparency, security, and customer satisfaction makes it a trustworthy partner in the financial markets.

If you are considering a new broker for your trading activities, GANNMarkets should be at the top of your list.

The combination of advanced trading platforms, extensive educational resources, and responsive customer support makes it an excellent choice for traders of all levels.

Visit official website:  www.gannmarkets.com

User Reviews

“I have been using them for over a year now, and I am extremely satisfied with their services. The trading platforms are intuitive, and the customer support team is always ready to help. The spreads are competitive, and I appreciate the variety of payment methods available. Highly recommended!”
Alice Smith
“As a beginner in forex trading, I found GANNMarkets to be very user-friendly. The demo account helped me practice without risking my money, and the educational resources were quite helpful. I also like their mobile app, which allows me to trade on the go.”
John Doe
“GANNMarkets offers a great range of trading assets, and the low spreads make trading more profitable. However, I was disappointed with the inactivity fee after three months of no trading. Overall, a solid company with good features.”
Maria Johnson
“I’ve had a positive experience so far. Their customer service is excellent, and I love the MT5 platform. The leverage options are good, but traders need to be cautious with high leverage. Great company overall.”
Michael Brown
“GANNMarkets provides a reliable trading experience with excellent customer support. The spreads are low, and I haven’t encountered any issues with withdrawals. I recommend this broker to anyone looking for a trustworthy trading partner.”
Emily Davis
“I switched to GANNMarkets after a bad experience with another broker, and I couldn’t be happier. The platform is stable, and the execution speeds are fast. The availability of multiple payment methods is a big plus. Definitely a top choice for serious traders.”
James Wilson

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Frequently Asked Questions (FAQ)

Is GANNMarkets regulated?

Yes, the company is regulated by multiple authorities including ASIC, CySEC, BaFin, MAS, and VFSC.

What is the minimum deposit?

The minimum deposit required to open an account is $100.

Does it offer a demo account?

Yes, GANNMarkets offers a demo account for traders to practice and familiarize themselves with the platform without risking real money.

What payment methods does it accept?

GANN Markets accepts various payment methods including Bank Transfer, Credit Card, Skrill, Neteller, and PayPal.

Does it charge a withdrawal fee?

No, this broker does not charge any fees for withdrawals.

Are there any inactivity fees?

Yes, it charges a $10/month inactivity fee after 3 months of no trading activity.

Does GANNMarkets support mobile trading?

Yes, it offers mobile trading apps for both iOS and Android devices.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 2024