Main Score & Risk Matrix
Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.
GANN shows critical safety concerns. Regulatory transparency is severely limited and the risk profile suggests traders should exercise extreme caution before engaging.
Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.
GANN Markets Ltd is registered in Comoros and has been operational for approximately 5-10 years. The broker offers a range of trading instruments including forex, commodities, cryptocurrencies, stocks, and indices, with leverage up to 1:400 and a minimum deposit requirement of $100. The trading platform used is MetaTrader 5, which is widely recognized in the industry.
GANN operates without any valid regulatory oversight, raising significant concerns regarding its safety and legality. As such, it is advised that potential clients exercise extreme caution when considering trading with this broker.
User evaluations of GANN depict a mixed reputation, with notable complaints regarding withdrawal issues and customer service. Many users report difficulty in accessing their funds and express concerns over transparency, leading to frequent complaints about the broker’s practices. While some users find the platform functional, the overarching sentiment suggests a need for caution due to the broker’s lack of regulation and negative feedback from the trading community.
GANN Markets Ltd does not hold client funds in independently regulated bank accounts, nor are they separated from the broker’s own assets. The absence of valid regulatory oversight raises significant concerns regarding the protection of trader funds and the integrity of the brokerage’s operations.
The maximum leverage offered by GANN is up to 1:400 for its trading accounts. However, the broker operates without any regulatory licenses, which means it does not comply with local regulatory requirements concerning leverage limits applicable in jurisdictions where it may operate.
GANN Markets has received a range of complaints primarily focused on withdrawal issues, with users frequently reporting difficulties in accessing their funds. Credible sources of these complaints include user reviews and online forums, where many traders express concerns over transparency and the broker’s customer service. The broker’s response to these complaints has been noted as slow, with many users facing prolonged delays in fund retrieval. There is a repetitive pattern of similar complaints regarding withdrawals, which raises significant red flags. Additionally, GANN has not received any regulatory penalties or warnings, further highlighting the lack of oversight and safety for traders.
These are the highest-rated forex brokers registered in Comoros.
The following brokers represent the highest overall trust scores across all regions on our platform.
A1: GANN Markets Ltd operates without any valid regulatory oversight, raising significant safety and legality concerns. The absence of regulatory supervision means that client funds may not be adequately protected, making it essential for potential traders to exercise extreme caution when considering this broker.
A2: GANN Markets Ltd does not hold any regulated licenses. The broker operates without valid regulatory oversight, which is a critical factor to consider when evaluating its legitimacy and reliability for trading activities.
A3: Yes, GANN has received numerous complaints regarding withdrawal issues, with many users reporting significant difficulties in accessing their funds. These complaints highlight concerns over transparency and customer service, indicating a potential risk for traders.
A4: GANN Markets Ltd does not hold client funds in independently regulated bank accounts nor are they separated from the broker’s own assets. This lack of capital protection measures raises additional concerns about the safety of trader funds.
A5: Users have frequently reported slow responses from GANN’s customer service, particularly concerning withdrawal requests and other issues. Prospective clients should be prepared for potential delays and ensure they have all necessary information ready when reaching out for assistance.