According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- 2019
Our Evaluation of GANN Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
GANN Markets is a moderate-risk broker with the TU Overall Score of 5.62 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GANN Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
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.
Brief Look at 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.
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- 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.
- There is a lack of training and cent accounts.
- The minimum deposit in Gann Markets' standard account is $100.
TU Expert Advice
Author, Financial Expert at Traders Union
Gann Markets offers trading Forex and CFDs via the MT4 platform, suitable for both Standard and ECN account holders. Traders can access a range of currency pairs, stocks, indices, and cryptocurrencies, with leverage up to 1:400. Notably, Gann Markets provides a starting minimum deposit of $100, coupled with floating spreads and ECN technology. The broker also supports hedging and scalping, enhancing the trading experience for those familiar with these strategies.
Despite these advantages, Gann Markets presents some drawbacks. It lacks educational resources and cent accounts, which could pose challenges for beginners. Additionally, with inactivity and withdrawal fees may impact overall cost efficiency. Therefore, Gann Markets appears more suited to experienced traders who seek competitive trading conditions and can navigate limited training resources.
GANN Markets Trading Conditions
Your capital is at risk. CFDs and FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose. Past performance is no guarantee of future performance may be subject to change. The information on this website is general in nature and does not take into account your personal objectives, financial situations or needs.
💻 Trading platform: | MetaTrader 4 (Windows, MAC, Android, iOS) |
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📊 Accounts: | Demo account, Standard account, ECN account, Standard Swap-free account, ECN Swap-free account |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Cards local, cards international, eWallet, bank transfer, prepayment, internet banking, cash (Western Union, Express de Lider, 7 Eleven, etc.) |
🚀 Minimum deposit: | From USD 100 + Leverage |
⚖️ Leverage: | Up to 1:400 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Currency pairs, stocks, CFDs, indices, commodities, cryptocurrencies |
💹 Margin Call / Stop Out: | 100% / 20% |
🏛 Liquidity provider: | No data |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Instant execution (Standard account), Market execution (ECN account) |
⭐ Trading features: | There is a fee for inactivity and advisors. Scalping and hedging are allowed. |
🎁 Contests and bonuses: | Yes |
The Gann Markets broker allows you to start trading with a deposit of $100. The US dollar is the only available account currency. You can make transactions in the MT4 terminal from Standard and ECN accounts. Muslim accounts are also available. Gann Markets provides the highest leverage for trading currency pairs, up to 1:400. There are floating spreads on all the account types and the stop-out level is 20%. The broker offers an affiliate program and regularly updates bonus offers.
GANN Markets Key Parameters Evaluation
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Trading Account Opening
Creating a user account on Gann Markets' website is required for all traders to start trading Forex through this broker. Follow the step-by-step guide below.
To start working with this broker, follow the official website of Gann Markets. To start the registration process click Register or Start Forex Trading on its home page.
Now fill out the registration form that appears. To do this, enter your full name, email, create and confirm the password to log in to your Personal Account.
The next step is to select your residence country from the list and enter your contact phone number.
Congrats! Now you have a user account. To log in, enter your email address and the password that you specified earlier.
Features of Gann Markets user account:
The following options are available in the Gann Markets user account:
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Downloading the trading platform.
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Change leverage.
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View the current volume of active transactions.
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Access history of transactions and trading activity on the account.
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Account setup and modify your password and personal information.
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Register as an affiliate and view statistics on the referral program.
Regulation and safety
GANN Markets has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
GANN Markets Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
MISA (Mwali) | Mwali International Services Authority | The Comoros | No specific fund | Tier-3 |
GANN Markets Security Factors
Foundation date | 2019 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker GANN Markets have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- Above-average Forex trading fees
- Inactivity fee applies
- Deposit fee applies
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of GANN Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, GANN Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
GANN Markets Standard spreads
GANN Markets | Pepperstone | OANDA | |
EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
EUR/USD max, pips | 1,3 | 1,5 | 0,5 |
GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
GANN Markets RAW/ECN spreads
GANN Markets | Pepperstone | OANDA | |
Commission ($ per lot) | 2,5 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with GANN Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
GANN Markets Non-Trading Fees
GANN Markets | Pepperstone | OANDA | |
Deposit fee, % | 0-5 | 0 | 0 |
Withdrawal fee, % | 0-5 | 0 | 0 |
Withdrawal fee, USD | 0-10 | 0 | 0-15 |
Inactivity fee ($, per month) | 10 | 0 | 0 |
Account types
Clients of Gann Markets can trade using standard and ECN accounts. The minimum deposit for both types of accounts is $100, with leverage up to 1:400.
Types of accounts:
Traders can open demo accounts in addition to real accounts, which are virtual and don’t require a deposit.
The size of the initial investment is identical on all types of Gann Markets accounts. This allows the trader to choose an option taking into account the trading strategy and not the available free capital.
Deposit and withdrawal
GANN Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
GANN Markets offers limited payment options and accessibility, which may impact its competitiveness.
- USDT (Tether) supported
- PayPal supported
- BTC available as a base account currency
- Low minimum withdrawal requirement
- Only major base currencies available
- No bank wire option
- Limited deposit and withdrawal flexibility, leading to higher costs
What are GANN Markets deposit and withdrawal options?
GANN Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, PayPal, Neteller, BTC, USDT. This limitation may restrict flexibility for users, making GANN Markets less competitive for those seeking diverse payment options.
GANN Markets Deposit and Withdrawal Methods vs Competitors
GANN Markets | Plus500 | Pepperstone | |
Bank Wire | No | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | Yes | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are GANN Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. GANN Markets supports the following base account currencies:
What are GANN Markets's minimum deposit and withdrawal amounts?
The minimum deposit on GANN Markets is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact GANN Markets’s support team.
Markets and tradable assets
GANN Markets offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 60 Forex pairs.
- Copy trading platform
- Passive income with bonds
- 60 supported currency pairs
- No ETFs
- Futures not available
GANN Markets Supported markets vs top competitors
We have compared the range of assets and markets supported by GANN Markets with its competitors, making it easier for you to find the perfect fit.
GANN Markets | Plus500 | Pepperstone | |
Currency pairs | 60 | 60 | 90 |
Total tradable assets | 150 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products GANN Markets offers for beginner traders and investors who prefer not to engage in active trading.
GANN Markets | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | No | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Customer support
Technical support works 24/5.
Advantages
- Online chat operators answer questions from unregistered traders
- Quick feedback in chat
Disadvantages
- Saturday and Sunday are days off
To contact a representative of the company:
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send a note in Live Chat;
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call the phone numbers indicated on the website;
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send an email request;
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fill in the feedback form in the contact section;
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use WhatsApp.
The online chat button is available on the broker's website and in the user account.
Contacts
Foundation date | 2019 |
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Registration address | 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia |
Official site | https://gannmarkets.com/ |
Contacts |
+44 141 628 7809
|
Education
The Gann Markets website has an Education section, but the information presented there will not be enough to master Forex trading.
The broker has demo accounts. They are intended for training and testing strategies and financial risks for free, and not for making real money.
Comparison of GANN Markets with other Brokers
GANN Markets | Bybit | Eightcap | XM Group | Pocket Option | InstaForex | |
Trading platform |
MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Pocket Option, MT5, MT4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
Min deposit | $100 | No | $100 | $5 | $5 | $1 |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
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 0 points | From 0.8 points | From 1.2 point | From 0 points |
Level of margin call / stop out |
100% / 20% | No / 50% | 80% / 50% | 100% / 50% | 30% / 50% | 30% / 10% |
Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution | Instant Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | Yes |
Detailed Review of Gann Markets
Gann Markets is a young CFD broker with a customer-oriented approach. It offers accounts with instant and market order execution, low floating spreads, and leverage up to 1:400. Security of deposits is guaranteed by the Financial Commission, and Gann Markets' cooperation with large liquidity providers ensures execution at the best prices. The broker doesn’t prohibit the use of strategies for passive income and constantly expands the range of available bonuses.
Gann Markets' success by the numbers:
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Allows access to trade 90+ Forex pairs.
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Supports over 300 payment methods.
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Has 6 international awards.
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Processes a request to open an account within 3 minutes.
Gann Markets is a broker for CFD trades on popular asset classes
Gann Markets offers trading financial instruments in CFD format. You can make transactions with 60 currency pairs — major, minor, and exotic. Dollars, euros, and euros paired with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), and other cryptocurrencies are also available. Gann Markets also allows the trading of oil and precious metals. Clients can open long and short positions with leading US, European, and Asian stock indexes. The broker also offers access to CFD trades on stocks of the world's largest corporations, such as Apple, Bank of America, Coca-Cola, Amazon, etc.
Gann Markets clients trade in the MetaTrader 4 terminal. It is possible to use the desktop platform on Windows devices, as well as the version adapted for MAC. There are also mobile apps for iOS and Android.
Gann Markets useful services are:
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News. This section of the site contains financial reports on various markets and covers global economic events.
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Forex Calculator. A tool to calculate the margin and profit for a particular currency pair, taking into account the opening and closing price, lot size, and leverage.
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Economic Calendar. Displays important economic events that may affect trading.
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Cryptocurrencies Market Insights. Analytical data and reviews on the most traded cryptocurrencies, provided daily.
Advantages:
Easy and quick online account opening.
Many available ways to deposit and withdraw funds.
Support is active around the clock during trading sessions.
Daily update of news feed on the site.
Access to copy trades of successful market participants.
The broker doesn’t withhold fees for deposits or withdrawals, account maintenance, or software. Clients pay only trading commissions.
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