About GANN MARKETS
Who Is Gann Markets?
Gann Markets is an online forex and CFD broker registered in the Comoros Union, founded in October 2019. The company operates under the corporate names GannMarkets Limited and Gann Markets Corporation LTD., with a registered address in Fomboni, Mohéli. The broker presents itself as a multi-asset platform offering forex, commodities, cryptocurrencies, stocks, and indices for retail traders.
Regulation and Safety
As of our review, Gann Markets is not regulated by any major financial authority. The company is registered in Comoros, an offshore jurisdiction with minimal oversight. The broker’s own Terms and Conditions document contains placeholder text for regulatory details, suggesting a lack of actual licensing. Traders should exercise extreme caution as unregulated brokers offer no recourse in disputes.
Account Types
Gann Markets offers four account tiers: Standard, Standard Swap-Free, ECN, and ECN Swap-Free. The Standard accounts require no minimum deposit (per known facts) and offer leverage up to 1:400. The ECN accounts start at $500 minimum deposit and cap leverage at 1:200. Swap-free options are available for clients who require Islamic accounts. All accounts provide access to MT4/MT5 platforms, with variable spreads and commission structures.
Instruments and Platforms
The broker claims to offer over 150 trading instruments, including major forex pairs, CFDs on indices (e.g., SP500, DOW30), commodities, and cryptocurrencies. Trading is executed on the MetaTrader 4 and MetaTrader 5 platforms, which are industry-standard tools. The broker also lists specific spread data for indices on its website, though live spreads may vary.
Target Audience
Gann Markets appears to target both beginner and experienced traders, with account options catering to different risk appetites. The Standard account’s low entry barrier suits newcomers, while the ECN account aims at experienced traders seeking tighter spreads. The availability of swap-free accounts also attracts traders from regions where Islamic finance is practiced.
Deposits and Withdrawals
The known facts do not specify funding methods, but the website suggests clients can deposit in EUR, GBP, or USD. Withdrawal policies are not explicitly detailed, but the FAQ mentions fees may apply to certain account types. Given the lack of regulatory oversight, traders should be cautious about fund safety.
FXCanary’s Verdict
Gann Markets scores 75/100 on FXCanary’s Scam Risk Scale, indicating a severe risk. The absence of regulation, offshore registration, and vague licensing claims are major red flags. While the broker offers attractive leverage and low deposits, the lack of investor protection makes it unsuitable for most traders. We strongly advise against depositing funds with unregulated entities.
Overview compiled by FXCanary from regulatory records and public data. full GANN MARKETS review