General
informationGARNET was founded in Australia in LIMITED2010 to share its trading experience in the interbank foreign exchange liquidity market. OPERATING SINCE 2018 AND WITH TURKISH SUPPORT, GARNET TRADE PROVIDES TRADE EXECUTION AND CLEARING SERVICES WORLDWIDE FOR INSTITUTIONAL, RETAIL, AND PROFESSIONAL INVESTORS. WITH OFFICES IN CANADA, MACEDONIA AND THE UK, GARNET TRADE OPERATES IN MORE THAN 50 MARKETS AND OFFERS A WIDE RANGE OF ELECTRONIC TRADING PRODUCTS, INCLUDING STOCKS, CFDS, ENERGIES, METALS AND FOREX. AS A MEMBER OF THE FINANCIAL COMMISSION, GARNET TRADE ENSURES CAPITAL SECURITY OF UP TO €20,000 AND PROVIDES DIRECT COMPENSATION FOR DISPUTES. The company also sponsors sports teams such as Braga Portugal, Honda LCR for MotoGP and Galatasaray Women's Volleyball.
Trading
ToolsGARNET TRADE provides clients with a wide range of trading instruments covering a wide range of asset classes. Clients have access to the following market instruments:
Forex Currency Pairs: Trade over 70 currency pairs, including major, minor, and exotic currency pairs. Competitive spreads start from 0 pips.
Indices: Exposure to a variety of indices, including popular indices such as the S&P 500, NASDAQ, DAX, and FTSE 100.
Commodities: Trade commodities such as gold, silver, oil, and gas.
Futures Contracts: Access futures contracts for indices, energies, and metals.
Stocks: Get access to over 150 stocks from some of the world's largest companies, including Apple, Amazon, Google, and Facebook.
PLEASE NOTE THAT WHILE GARNET TRADE OFFERS A VARIETY OF MARKET INSTRUMENTS, THERE ARE SOME LIMITATIONS, SUCH AS THE AVAILABILITY OF EXOTIC CURRENCY PAIRS AND CERTAIN FEES. CLIENTS SHOULD CONSIDER THEIR SPECIFIC TRADING PREFERENCES AND REQUIREMENTS WHEN ASSESSING THE SUITABILITY OF GARNET TRADE'S MARKET INSTRUMENTS.
ACCOUNT
TYPESGARNET TRADE OFFERS A RANGE OF TRADING ACCOUNTS WITH DIFFERENT FEATURES TO SUIT TRADERS OF DIFFERENT EXPERIENCE LEVELS. Available account types include Starter, Standard, Prime, ECN, and Zero
The minimum deposit requirement for a beginner account is $100, with base currencies such as USD, EUR, GBP, and AUD supported. It offers a maximum leverage of 1:100 and spreads from 0.9 pips. This account type allows traders to implement any trading strategy and does not charge any commissions.
The standard account requires a minimum deposit of $1500 and offers similar features to the beginner account, including support for multiple base currencies, a maximum leverage of 1:300, spreads from 0.9 pips, and zero commissions.
The Prime account has a minimum deposit of $5000 and a minimum balance requirement of $1000. It supports the same base currency and offers a maximum leverage of 1:300. Spreads start from 0.5 pips on this account type, and like the previous account, it also has zero commissions.
For more experienced traders, GARNET TRADE offers ECN accounts and zero accounts. Both accounts require a minimum deposit of $10,000 and a minimum balance of $5,000. They support multiple base currencies and offer a higher 1:500 maximum leverage. ECN accounts offer spreads starting from 0.1 pips, while zero accounts offer equally low spreads and introduce commissions from $0 to $10.
These account types provide traders with flexibility in deposit amounts, leverage options, spreads, and commissions, allowing them to choose the account that best suits their trading preferences and goals.
LEVERAGE
GARNET TRADE OFFERS UP TO 1:500, WHICH IS A FAIRLY HIGH LEVEL. It offers different leverage options in its account types. The leverage ratios offered are as follows:
Newbie Account: Up to 1:100
Standard Account: Up to 1:300
Prime Account: Up to 1:300
ECN Account: Up to 1:500
Zero Account: Up to 1:500
Spreads and Commissions (Trading Fees).
Commission fees vary for different account types GARNET TRADE:
BEGINNER ACCOUNT: ZERO COMMISSION
Standard account: zero commission
Prime account: zero commission
ECN account: zero commission
zeroaccount: commission range from $0-$10 per lot traded.
NON-TRADING FEES
: UNFORTUNATELY, THERE IS A LACK OF DETAILED INFORMATION ABOUT SPECIFIC NON-TRADING FEES ON GARNET TRADE.CLIENTS ARE ADVISED TO CONTACT GARNET TRADE DIRECTLY OR REFER TO THEIR OFFICIAL DOCUMENTS FOR ACCURATE AND UP-TO-DATE INFORMATION ON NON-TRADING FEES.
The trading platform
GARNET TRADE supports MetaCustomer5 (mt5), which is a great platform choice. This platform is probably the best in the forex market. The latest MetaQuotes trading terminal retains most of the features of its predecessor, MT4, but is more technologically advanced, allowing derivatives and exchange-traded stocks to be processed from the same account.
DEPOSIT AND WITHDRAWAL
METHODSGARNET TRADE OFFERS CLIENTS OVER 15 FUNDING OPTIONS TO DEPOSIT FUNDS INTO THEIR ACCOUNTS. Accepted payment methods include credit cards, e-wallets, bank wire transfers, and local transfers, ensuring the convenience and ease of use of deposits and withdrawals. AT GARNET TRADE, THE PROCESS OF DEPOSITING AND WITHDRAWING FUNDS IS DESIGNED TO BE SIMPLE AND TIME-SAVING.
GARNET TRADE ADVERTISES ACCOUNT TIERS STARTING AT $100, WHICH IS A COMMON AMOUNT TO START TRADING.
Customer serviceCustomer
support is an essential service for any company that deals with people's money. LUCKILY, GARNET TRADE HAS A RELIABLE CUSTOMER SUPPORT SYSTEM. They provided several numbers to call or message them.
Customers can contact the company via +1 647 846 6572 in Canada, +61 291919765 in Australia and +44 20 38070029 in the UK. In addition, customers can also choose to contact the company via SMS using the number +1 905-510-9627 or +44 7376 500082 on WhatsApp.
For email communications, customers can contact the company via info-ca@garnettrade.com or info-au@garnettrade.com. However, it's worth noting that the live chat option offered by the company is not available at this time.
