Is GANN Markets Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with GANN Markets try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether GANN Markets is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker GANN Markets
Gann Markets is a Forex and CFD broker that has been operating since 2018. Gann Markets provides access to trade currency pairs, cryptocurrencies, stocks, indices, and commodity market assets through its MT4 terminal. The broker boasts international awards. In 2020, Gann Markets became the Best Execution Broker according to the MENA Forex Show.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | From USD 100 + Leverage |
| ⚖️ Leverage: | Up to 1:400 |
| 💱 Spread: | From 0.7 pips (Standard account), from 0.1 pips (ECN account) |
| 🔧 Instruments: | Currency pairs, stocks, CFDs, indices, commodities, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% / 20% |
Pros and cons of GANN Markets
👍 Advantages of trading with GANN Markets:
•Support for leveraged trading.
•A wide range of currency and cryptocurrency pairs.
•Narrow spreads on both professional and standard accounts.
•Ability to start trading on an ECN account with deposits from $100.
•No limitations on trading strategies.
•A large number of bonuses.
👎 Disadvantages of GANN Markets:
•There is a lack of training and cent accounts.
•The minimum deposit in Gann Markets' standard account is $100.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is GANN Markets Regulated? Broker’s license
Security (Protection for Investors)
The Gann Markets office is located in Saint Lucia.
👍 Advantages
- Over 300 payment systems are available for deposits and withdrawals
- Trading with high leverage is available
👎 Disadvantages
- Offshore registration
- Gann Markets doesn’t have a reliable parent company to pay compensation to its clients in the case of bankruptcy of the broker
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by GANN Markets, which you can see below.
Trading commissions at Gann Markets differ depending on the account type and financial instrument. The broker holds spreads on Standard accounts, from 0.7 pips on EUR/USD. ECN accounts have almost zero minimum spread (from 0.1 pip), but there is a commission of $7-10 per lot. The exact amount depends not only on the asset traded but also on the initial deposit amount. If the client account remains inactive for over 100 calendar days, Gann Markets deducts an account maintenance fee of 10 USD/9 EUR/700 RUB per month. The broker doesn’t charge a fee for deposits or withdrawals.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $7 | Accrued by banks and payment systems |
| ECN | from $1 | Accrued by banks and payment systems |
Brokers that are similar to GANN Markets
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of GANN Markets conditions with its closest competitors.
Comparison of GANN Markets with other Brokers
| GANN Markets | RoboForex | Pocket Option | Exness | TeleTrade | Tickmill | |
|---|---|---|---|---|---|---|
Trading platform |
MetaTrader4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, MT5, Tickmill Mobile App |
Min deposit |
$100 |
$10 |
$5 |
$10 |
$1 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
Yes |
No |
No |
No |
No |
Yes |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.7 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.8 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
$30 |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
Gann Markets is a broker for CFD trading. It is the perfect choice for experienced traders who prefer to work in the MT4 terminal with ECN technology.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
Tickmill is a suitable broker for both professional traders and novices. The company is good for robotic trading as well as for short-term strategies.
Conclusions
- Is GCM Forex Regulated? Is it safe?
- Is Trading 212 Regulated? Is it safe?
- Is Capital.com Regulated? Is it safe?
- Is LCG Group Regulated? Is it safe?
- Is Dukascopy Regulated? Is it safe?
- Is Tradeview Regulated? Is it safe?
- Is NPBFX Regulated? Is it safe?
- Is FP Markets Regulated? Is it safe?
- Is Alpari (UK) Regulated? Is it safe?
- Is XTrend Speed Regulated? Is it safe?
- Is FXChoice Regulated? Is it safe?
- Is Self Bank Regulated? Is it safe?
- Is ActivTrades Regulated? Is it safe?
- Is InterTrader Regulated? Is it safe?
- Is CapTrader Regulated? Is it safe?
- Is Purple Trading Regulated? Is it safe?
- Is ForexTB Regulated? Is it safe?
- Is Axi Regulated? Is it safe?
- Is BlackStone Futures Regulated? Is it safe?
- Is WELTRADE Regulated? Is it safe?
- Is ADSS Regulated? Is it safe?
- Is InstaForex Regulated? Is it safe?
- Is Thinkorswim by TD Ameritrade Regulated? Is it safe?
- Is ClickTrades Regulated? Is it safe?
- Is UTRADE Regulated? Is it safe?
- Is Gerchik&Co Regulated? Is it safe?
- Is LegacyFX Regulated? Is it safe?
- Is NordFX Regulated? Is it safe?
- Is Skilling Regulated? Is it safe?
- Is UFX Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.