Gann Markets Review 2023
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Gann Markets is a multi-asset broker with a $100 minimum deposit, ECN trading and joining bonuses for new users.
- Demo account
- MT4 integration
- Welcome bonus
- Low minimum deposit
- Weak regulatory oversight
Gann Markets is an online forex broker that offers zero-commissions and highly-leveraged trading on MT4. In this review, we uncover no deposit welcome bonuses, withdrawal fees, demo trading, and more. We also explain how to register for a Gann Markets account and make a trade.
Gann Markets is a brokerage firm that was founded in 2018 and based in Montenegro. The brand gets its name from the Gann trading techniques developed by W.D. Gann. He developed various technical analysis techniques, including indicators, Gann angles, and master charts.
Gann Markets Corporation LLC is registered with St. Vincent and the Grenadines Financial Services Authority (SVGFSA). The broker is also a member of The Financial Commission (FinaCom).
New users can get started with a $100 minimum deposit with payments processed in under five minutes.
Gann Markets provides clients with access to MetaTrader 4.
Features and functionality include:
- Customizable: Choose from various built-in indicators, draw on charts, change timeframes, and more.
- Copy Trading: The platform has a copy trading function. This allows users to replicate the deals performed by other traders.
- Price Alerts: The MetaTrader platform allow traders to set price alerts. If an instrument you are following hits a pre-determined price, the platform will send a notification to your mobile or desktop device.
- Automation: Traders can set up an AI to automatically perform trades based on agreed specifications. With a strong trading strategy, users can earn money automatically through Expert Advisors (EAs).
- Accessibility: The MetaTrader platform is available on desktop as well as mobile. Clients can download the MetaTrader mobile application from the Android app store to trade on the go. Note, it is not currently available to download from the Apple App store.
How To Place A Trade
- Log in to your Gann Markets client dashboard
- Download the MT4 platform or log in via the WebTrader
- Find the asset you want to trade using the drop-down menu or search bar
- Select ‘new order’ – a window will then pop out
- Alternatively, you can execute trades directly from the chart
- Enter the order details including type (pending or instant), volume, and risk management parameters (take profit or stop loss)
- Select ‘buy’ or ‘sell’
- Confirm the trade
Assets & Markets
Gann Markets offers 150+ instruments:
- Forex: Trade 38 forex pairs, including GBP/USD, EUR/GBP, and AUD/CAD
- Stocks: Trade 35+ popular global company shares including Apple, Facebook, Google, and Coca Cola
- Indices: Trade on seven of the world’s largest stock indices including the S&P 500, Dow Jones 30, FTSE 100, and CAC 40
- Commodities: Speculate on popular commodity markets including Silver, Gold, Palladium, Platinum, US Oil, Natural Gas, and UK Oil
- Cryptocurrencies: Establish crypto positions across 10+ digital currency USD crosses such as BTC/USD, ETH/USD, and LTC/USD
The fees charged by Gann Markets differ depending on the account type and instrument.
The Standard Account offers commission-free trading with tight floating spreads. This includes an average spread of 1 pip on the EUR/USD currency pair and 1.8 pips on XAG/USD.
The ECN profile offers tighter spreads, however, a $7 commission per round lot applies. There is also a $500 minimum deposit requirement vs the $100 starting deposit with the Standard account.
Gann Markets applies swap fees, charging a commission for carrying trades into the next day.
An account maintenance fee of $10 per month applies for profiles inactive for 100+ days.
Gann Markets Leverage
The leverage available ranges from 1:1 to 1:400 depending on the asset. For example, an account balance of $1,000 would provide $400,000 in buying power if you apply the maximum leverage ratio.
There is a 20% margin stop-out level.
The MetaTrader mobile app allows you to perform trades on the go. The platform is intuitive, providing access to various trading tools and functionality from the palm of your hand.
You can manage your trading account, open and close positions, and customize charts while on the go. Additionally, set alerts and notifications to stay in the loop of price changes.
The application also comes with safety features such as passwords and Touch IDs to increase the security of trading accounts.
Gann Markets offers a range of payment methods. Popular solutions include bank wire transfers, credit/debit cards, PayPal, Union Pay, cryptos, and Airtm.
The broker does not charge any deposit or withdrawal fees when moving money in and out of a Gann Markets account although third-party charges apply. This includes a 5% fee when using Union Pay and a 1.99% charge for PayPal transactions. Having said that, Gann Markets will refund 100% of the fees on deposits.
All deposits are processed instantly.
Money must be returned to the original payment method. Alternatively, you can transfer funds between trading accounts.
Withdrawals are processed on the same working day, however, the time taken for funds to clear may vary between payment methods.
To request a withdrawal; head to your account dashboard and the ‘My Money’ section. Select the payment method and click ‘Withdraw’.
Demo Account Review
Paper trading accounts are offered by Gann Markets. The profile simulates real-market conditions, with access to flexible leverage and live spreads.
Demo accounts essentially allow traders to test new strategies, practice using the platforms, and try the different account types available without investing money.
Deals & Promotions
Gann Markets offers various deals and promotions.
The broker regularly runs welcome bonuses, including a flat bonus when you deposit or register a new profile. Gann Markets also offer physical rewards such as drones or watches for trading a set amount of lots in a set period.
At the time of writing, our experts found a 100% deposit bonus up to $100. A $40 bonus for deposits of $100 or more was also available.
Regulation & Licensing
Gann Markets is registered in St. Vincent and the Grenadines with the local Financial Services Authority. However, this is not a highly regarded regulator vs the likes of the UK Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).
The company is also a member of the Financial Commission (FinaCom). This is an independent organization that helps resolve disputes between clients and financial services companies. FinaCom looks to protect traders’ interests, and victims of brokers’ financial misconduct are entitled to compensation of up to 20,000 EUR.
Execution quality is also confirmed by VerifyMyTrade (VMT).
The educational resources offered by Gann Markets are limited and do not provide enough information for new traders to successfully get started with forex trading. The content has very basic written explanations and short YouTube videos.
If you are looking for a quick refresher on certain terms then this may be sufficient, but if you are looking to learn to trade effectively then consider brokers with top-rated educational resources.
Gann Markets Accounts
Gann Markets offers two live accounts. Both profiles can be opened in USD, EUR, and GBP account denominations.
The Standard Account is the most popular solution, offering access to all assets on the MetaTrader 4 platform:
- 20% margin stop out
- Tight floating spreads
- Access to 1:400 leverage
- 0.01 to 30 lots order size
- Commission-free trading
- $100 minimum deposit requirement
The ECN Account is more suited to high-volume traders looking for better spreads and executions. Account holders benefit from:
- Raw spreads
- 1:400 leverage
- 0.01 to 400 lots order size
- $7 per round lot commission
- $500 minimum deposit requirement
Gann Markets also offers swap-free versions of both accounts. These profiles are Halal trading accounts for Muslim investors and take away interest in paying or earning parts of the account, including daily exchange fees and swaps.
While using Gann Markets, our experts found several advantages:
- PAMM solution
- Free demo account
- MetaTrader 4 platform
- Flexible leverage up to 1:400
- Welcome bonuses and promotions
- ECN account for experienced traders
- Deposit and withdraw in under 5 minutes
- Multiple deposit and withdrawal methods
- Competitive pricing with tight spreads and low to zero commissions
Disadvantages to registering for a Gann Markets account include:
- Poor educational resources
- Offshore regulatory oversight
- Clients from the USA not accepted
- Small asset universe compared to competitors
Trading hours at Gann Markets are Monday 00:05 to Friday 23:55 EET (UTC + 2).
Market trading session times:
- Asia: 00:00 – 09:00 (UTC)
- Europe: 08:00 – 17:00 (UTC)
- New York: 13:00 – 22:00 (UTC)
Gann Markets offers multiple customer support avenues. You can contact the firm 24/7 by calling, mailing, emailing, or filling out their online contact form.
- Phone Number: +382 69250481
- Email Address: email@example.com
- Mailing Address: Svetlane Kane Radevic 5, floor 4 81000 Podgorica, Montenegro
Gann Markets also has an FAQ page that covers common questions such as how to trade and navigate your account.
Safety & Security
Both MetaTrader platforms provide a secure trading environment with encrypted data exchanges between servers and client portals.
The mobile apps also come with multiple safety features including biometric logins and two-factor authentication.
Gann Markets Verdict
Gann Markets is an up-and-coming brokerage with various pros and welcome incentives. This includes access to MT4, hundreds of deposit and withdrawal options, ECN executions, plus a long list of forex assets.
However, the limited educational resources and questionable regulatory status is disappointing and may prevent beginners from signing up with the online broker.
Gann Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Gann Markets from United States, United Arab Emirates, Turkey.
Compare Gann Markets
Compare Gann Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to Gann Markets:
World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
ForexChief – ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
Coinexx – Coinexx is an ECN broker with 1:500 leverage, 80+ instruments and a joining bonus.
Gann Markets Comparison Table
|Gann Markets||World Forex||Kwakol Markets||ForexChief||Coinexx|
|Markets||CFDs, Forex, Commodities, Cryptos, Stocks, Indices||Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts||CFDs, Stocks, Indices, Commodities, Forex, Cryptos||Forex, Stocks, Commodities, Crypto||Forex, Commodities, Indices, Cryptocurrencies|
|Minimum Deposit||$100||$1||$1||$10||0.001 BTC|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 lots||0.01 Lots|
|Bonus||100% Deposit Bonus||100% Deposit Bonus||–||$100 no deposit||100% Deposit Welcome Bonus|
|Platforms||MT4||MT4, MT5||MT4, MT5||MT4, MT5||MT4, MT5|
Compare Trading Instruments
Compare the markets and instruments offered by Gann Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Gann Markets||World Forex||Kwakol Markets||ForexChief||Coinexx|
Gann Markets vs Other Brokers
Compare Gann Markets with any other broker by selecting the other broker below.
Is Gann Markets A Good Broker?
Gann Markets is a better option for active traders looking to speculate on the forex market. The broker offers the MetaTrader 4 platform, 1:400 leverage, and raw spreads on the ECN account. There is a $500 minimum deposit to get started with the ECN profile.
Does Gann Markets Have A Demo Trading Account?
Gann Markets offers a demo account which is free to open. You just need to sign-up to Gann Markets and create an account. From here, you can open multiple live or demo profiles. Paper trading accounts allow users to develop strategies without risking personal capital.
What Is The Minimum Deposit At Gann Markets?
The Gann Markets Standard account has a minimum deposit of $100. The starting deposit with the ECN profile is $500. Deposits are commission-free (as are withdrawals) and are relatively quick.
The brand also offers deposit bonuses, giving your account a flat boost in funds.
What Account Types Do Gann Markets Offer?
Gann Markets offers two account types; Standard and ECN. The Standard profile is the most popular, providing commission-free deposits, withdrawals, and trading. The ECN account boasts lower spreads but has a $7 commission per lot traded.
Are Gann Markets Account Halal?
Gann Markets offers halal, swap-free versions of both their Standard and ECN accounts. These Muslim-friendly profiles are in line with Islamic religious rules. There are no daily exchange fees or swap charges.
|Gann Markets is a multi-asset broker with a $100 minimum deposit, ECN trading and joining bonuses for new users.|