GannMarkets Forex broker review — Everything you need to know

GannMarkets is the trading name and brokerage firm website owned and operated by GANN Markets Ltd, which is a regulated Forex and CFD broker. It operates internationally from offshore and offers several account types and MT5 platform access.

Let’s review this broker and analyze its safety, spreads, accounts, profit withdrawals, support, and more. After reading this unbiased review, you will define whether GannMarkets can be trusted.

GannMarkets Overview of the website

The website of GannMarkets has a modern look and is responsive, making it both fast and comfortable to navigate. It is user-friendly and provides almost all details transparently in an easy-to-find manner, which is crucial in FX trading.

However, to fully discover all details such as trading platforms and payment options, traders have navigated to the bottom, where the secondary menu is located.

There is no GannMarkets live chat plugin available on the website, which is a downside as well. There is no dedicated menu button for account comparison, and traders have to check each account type individually, which is inconvenient and makes it time-consuming to select a suitable account. There is a very well-ordered educational center, and the visual design of the website is also modern and not overcrowded with many colors or unnecessary menu items.

Overall, the website is mostly satisfactory and only needs a few tweaks, like adding a live support plugin and a menu for account type comparison and payment details.

GannMarkets Safety and Security

GannMarkets is a trading broker based offshore. The company behind the website and trading name is GANN Markets Ltd., and it is registered as an International Business Company (IBC) in MWALI. The broker is also authorized and regulated by the Mwali International Services Authority (MISA). While this regulator is less strict than other regulators and it is also offshore, the existence of one license is still crucial for basic safety. Unregulated brokers are mostly scams, and caring enough to get at least an offshore license is a positive sign already. However, it is still not enough to call GannMarkets a reliable broker. As a regulated broker, GannMarkets keeps trader funds in segregated accounts, which is a crucial safety policy and ensures the broker’s operational funds are in other bank accounts.

There are no details given regarding negative balance protection, and it is most likely that the broker does not offer this crucial policy. As a result, traders can go beyond their account balance, which is never a good thing in FX trading.

GannMarkets Accounts Reviewed

Trading account types are plenty at GannMarkets, and each trader can select suitable conditions. There are GannMarkets Standard, Standard Swap Free, ECN Account, and ECN Swap Free. Let’s review and compare all these trading accounts to define whether GannMarkets is truly competitive in the sector.

GannMarkets Standard Account

The standard account is just like any other standard account from the competition, allowing commission-free trading. However, the broker does not disclose exact spreads, and we dug deeper and found out they start from 1.3 pips, which is slightly expensive as the industry-standard on standard accounts is 1 pip. The minimum deposit is also higher and starts from 100 USD on this account, which is not competitive. In another section, the broker sets the standard account minimum deposit at 0 USD, so we assume this is the minimum deposit for both standard and standard swap-free accounts. The maximum leverage is up to 1:400, which is plenty. Stop-out occurs at 20%. The minimum lot size is 0.01 lots.

GannMarkets Standard Swap Free Account

The standard swap-free account is an Islamic version of the standard trading account. The minimum deposit is also stated to be 0 USD, and spreads are also 1.3 pips and floating here. The leverage is capped at 1:400 on this account as well, and traders can speculate without swaps. The broker allows Expert Advisors and scalping, which is competitive. There is no commission for FX CFDs, and the minimum lot size is 0.01 lots. The stop-out level is also 20%.

GannMarkets ECN Account

The ECN account is where traders can get spreads from 0.01 pips. However, there are trading commissions charged of 7 USD per lot round trip, and the minimum deposit requirement is very high at 500 dollars. This commission is well within the industry standards and is competitive, but the minimum deposit is too high to make this account competitive. The maximum leverage is lower for ECN accounts, capped at 1:200, which is conservative. The minimum lot size is 0.01 lots, and the maximum is capped at 30 lots.

GannMarkets ECN Swap Free Account

The Swap-free version account of ECN offers similar conditions with a minimum 500 USD deposit, spreads from 0 pips, and 7 USD round-trip commissions. There are no swaps charged, and traders can speculate on markets using robots and scalping methods. The minimum lot size is 0.01 lots, the maximum leverage is 1:200, and the stop-out level is defined to be 20%.

Deposit and withdrawal options at GannMarkets

Deposits and withdrawals are possible via a multitude of payment options, including wire transfers, bank cards, FasaPay, PayPal, Adv-Cash, Union Pay, Perfect Money, WebMoney, and more. This is very flexible and enables traders to use their preferred payment methods without needing to create new accounts and waste time. While deposits are fee-free and instant (except for wire transfers), we could not find any details about withdrawal fees and processing times. Lack of transparency about withdrawals is generally a serious red flag, and we advise our readers to exercise extra caution with this broker.

GannMarkets Assets — What can you trade?

Trading assets are plenty at GannMarkets, and traders can access FX pairs, commodities, index CFDs, cryptos, and even stocks. As most of these assets are CFDs, traders can instantly buy and sell any instrument, which is very important when scalping. Unlike standard cryptos, crypto CFDs enable instant buy and sell order execution, which is flexible. Leverage is high at

1:40,0, and spreads are satisfactory on standard and competitive on ECN accounts. Trading platforms of GannMarkets

Trading platform choices are flexible at GannMarkets, and traders can install both MT4 and MT5. The broker emphasizes the allowance of EAs, allowing traders to use automated trading robots. Mobile trading is allowed through the MT5 mobile app, which is available on iOS and Android.

Education at GannMarkets

Educational resources are available and include trading glossaries (terms and slang), video content, and e-books. This is truly flexible. However, there are no webinars provided, which is a minor drawback. There are no tools provided for market analysis and insights, which is also among the cons of this broker.

GannMarkets Customer Support

Customer support is crucial in forex trading, and GannMarkets offers several popular options like Telegram, email, and hotline channel options. While there is no direct access to a live chat, Telegram acts like it, although it’s still inconvenient. When it comes to multilingual capabilities, the broker is only available in English, which is a minor drawback.

GannMarkets bonuses and promotions

Promos and bonus events are fairly limited at GannMarkets as it only offers one 40-euro deposit bonus, the terms of which are mostly unclear. There are no active promotional events right now, which is a drawback for this broker. The broker has a dedicated section for promotions where it provides information about any ongoing promotions and events.

Is GannMarkets your broker? Final verdict

GannMarkets is a Forex and CFDs broker registered and regulated offshore. It offers MT5 access, various account types, and multi-asset trading opportunities. While its platform and educational resources are decent, limited regulations, a lack of withdrawal transparency, and missing features like live chat and market tools make it a risky choice.

FAQs on GannMarkets broker

Where is GannMarkets based?

GannMarkets is based offshore. It is registered and regulated in MWALI and MISA.

Can you withdraw from GannMarkets?

Yes, but the broker lacks clear info on withdrawal fees and processing times, which is very concerning.