GANN
Pros and Cons
Pros
- Operates under Mwali International Services Authority (MISA)
- Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Advanced trading platform: MetaTrader 5 (MT5) with multiple device support
- Multiple account types catering to various trader needs
- 24/7 customer support available in multiple languages
Cons
- Operates under tier-3 regulatory authority (MISA)
- No investor compensation scheme for client funds
- Lack of educational resources for traders
- Limited cryptocurrency pairs available
- Potential withdrawal fees depending on payment method
Basic Information
User Reviews
GANN Overview
GANN Markets Ltd is a forex broker established in the Comoros, with an operational history spanning between 5 to 10 years. As a trading firm, GANN specializes in offering forex trading services among other financial instruments, positioning itself within the competitive landscape of global brokers. The firm provides traders with a platform to engage in various market activities, contributing to its recognition in the industry. For more detailed insights into the broker, visit their profile on reputable financial platforms such as WikiFX.
GANN focuses on a range of trading instruments, primarily emphasizing forex alongside other financial derivatives. The broker provides access to advanced trading platforms equipped with essential tools and features aimed at enhancing the trading experience. Customer support is available to assist traders with inquiries, ensuring a responsive service. GANN distinguishes itself with unique offerings that cater to both novice and experienced traders, making it an appealing choice for those seeking to navigate the forex market effectively.
Is GANN Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Mwali International Services Authority (MISA) | Comoros | Segregated Accounts |
Is GANN Regulated and How Are Client Funds Protected?
GANN Markets Ltd operates under the oversight of the Mwali International Services Authority (MISA) in the Comoros. While this provides a regulatory framework for the broker, it is important to note that MISA is classified as a tier-3 regulatory authority, indicating a lower level of oversight compared to more recognized tier-1 regulatory bodies. Client funds are held in segregated accounts, which serves to protect traders’ capital in the event of financial difficulties faced by the broker. However, GANN does not participate in an investor compensation scheme, which may raise concerns regarding the safety of client funds. Potential clients should carefully consider these factors when evaluating the broker’s legitimacy and safety.
Trading Products and Services
What trading instruments does GANN offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
GANN offers a diverse range of trading instruments, allowing traders to explore various asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive product range caters to different types of traders, from beginners seeking to build foundational knowledge to experienced professionals looking for advanced trading opportunities. The availability of multiple asset classes facilitates effective portfolio diversification and the implementation of flexible trading strategies. By providing access to a wide selection of financial instruments, GANN empowers users to adapt their trading approaches based on market conditions, enhancing their overall trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does GANN Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and experienced traders | Low minimum deposit, up to 1:400 leverage | Suitable for various trading strategies |
| ECN Account | Professional traders | Tight spreads, optimal trading conditions | Requires a minimum deposit, ideal for high-volume trading |
| Standard Swap-Free Account | Traders preferring swap-free trading | No overnight interest, commission-based trading | Designed for those with religious constraints |
| ECN Swap-Free Account | Professional traders needing swap-free options | Commission-based, optimal ECN trading conditions | Meets Islamic finance principles |
| IB Program | Individuals or organizations referring new traders | Earn income through referrals | Requires connection to the forex trading community |
Account Opening Process
To open an account with GANN, follow these steps: First, visit the GANN Markets website and locate the “register” button to initiate the account opening process. Next, select the account type that best fits your trading experience and preferences. Complete the online application, providing necessary personal information such as your name, address, email, and phone number. After your application is approved, you will need to deposit funds to start trading. Important for the process is the identity verification, which includes submitting a valid ID and proof of address. Additionally, GANN offers account flexibility, allowing you to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads available |
| Forex (Minor Pairs) | Varies | $0 | Competitive spreads available |
| CFDs (Stocks) | Varies | $0 | No commissions on certain stocks |
| CFDs (Indices) | Varies | $0 | Competitive pricing |
| Cryptocurrencies | Varies | $0 | Market volatility may affect spreads |
Other Fees
GANN may charge various fees related to trading. These can include deposit and withdrawal fees, which depend on the chosen payment method. Inactivity fees may also apply if an account remains dormant for an extended period. Additionally, overnight interest (swap rates) may apply to positions held overnight, unless using a swap-free account. Currency conversion fees may also be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does GANN Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, Android, iOS | Secure login (2FA), market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Any device with a web browser | Secure login (encryption), symbol lookup, order types, real-time alerts | Demo accounts |
| Mobile App | Android, iOS | Secure login (biometrics), one-click trading, push notifications for alerts | Demo accounts |
The MetaTrader 5 platform is ideal for traders seeking advanced features and tools, supporting various operating systems for comprehensive access. The web version offers flexibility, allowing traders to access their accounts from any browser while maintaining essential features. The mobile app ensures convenient trading on the go, with secure login options and real-time alerts, catering to those who prefer trading from their mobile devices.
GANN’s trading platforms prioritize secure logins, fast order execution, and efficient market search tools, facilitating a smooth trading experience across different devices. By offering diverse platforms, GANN empowers traders to choose their preferred method of access while ensuring that critical features and support services are readily available.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/day | USD, EUR |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $20, Max $10,000/day | USD, EUR |
Minimum Deposit
GANN requires a minimum deposit of $50 for the Standard Account and higher amounts for other account types, depending on the payment method and account type chosen. The minimum deposit may vary, so it is advisable to check the specific requirements based on the selected account type.
How to Withdraw
To withdraw funds from your GANN account, follow these steps:
- Log in to your GANN account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Confirm your withdrawal request.
- Follow any additional verification steps as required.
Customer Support
GANN Customer Support Overview
Support Channels
GANN Markets Ltd offers several support options to assist customers effectively. Traders can reach out via:
- Email: For inquiries and support, customers can send an email outlining their questions or issues.
- Live Chat: A convenient option available on the GANN website for immediate assistance.
- Telephone: Customers can contact GANN by phone at +44 141 628 7809 for direct support.
- Social Media: GANN maintains a presence on various social media platforms to provide updates and engage with the trading community.
Service Availability
GANN’s customer support is available 24/7, ensuring that traders can receive help whenever they need it. The support team is equipped to assist clients in multiple languages, catering to a diverse customer base.
Frequently Asked Questions
GANN Markets Ltd operates under the oversight of the Mwali International Services Authority (MISA) in the Comoros. Client funds are protected through segregation into separate accounts; however, GANN does not participate in an investor compensation scheme, which may raise concerns regarding fund safety.
GANN offers several account types including a Standard Account for beginners and experienced traders with low minimum deposits and up to 1:400 leverage, an ECN Account for professional traders with tight spreads, and swap-free options for those needing them for religious reasons. Each account type is designed to cater to different trading strategies and needs.
GANN provides access to the MetaTrader 5 (MT5) platform, which is compatible with Windows, macOS, Android, and iOS. Additionally, there is a web version and a mobile app that allow for secure logins, various order types, and real-time alerts, ensuring a flexible trading experience across devices.
Clients can reach GANN’s customer support through multiple channels including email for inquiries, live chat on the GANN website for immediate assistance, and telephone support at +44 141 628 7809. Customer support is available 24/7 and caters to a diverse client base in multiple languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.