Overview Of GANN
GANN, Founded In 2020 And Based In Saint Lucia, Offers A Range Of Trading Assets Including Forex, Commodities, Cryptocurrencies, Stocks And Indices. Although Not Regulated, GANN Offers Traders A Choice Of Different Types Of Accounts Such As Standard Account, Standard Interest Free Account, ECN Account And ECN Interest Free Account, Each Offering Different Features To Suit Various Trading Preferences. With A Minimum Deposit Amount Of 0 And Maximum Leverage Of 1:400, Traders Have Flexibility In Their Trading Strategies. However, Floating Spreads Depending On The Type Of Account May Make It Difficult To Determine Trading Costs. Nonetheless, GANN Offers A Robust Customer Support System And A Variety Of Educational Resources To Help Traders Succeed In The Trading Process.
Is GANN Legit Or A Scam?
GANN Operates Unregulated, Which Can Compromise Transparency And Oversight. Unregulated Exchanges Lack The Safeguards And Legal Protections Provided By Regulators, Increasing The Risk Of Fraud, Market Manipulation And Security Bugs. Without Proper Supervision, Users May Experience Difficulties In Resolving Disputes And Pursuing Recourse.
Pros And Cons
Pros
- Fast Withdrawals:
GANN Offers A Fast Withdrawal Process, Ensuring That Users Can Quickly Access Their Funds At Any Time. This Feature Adds Convenience And Efficiency To The Trading Experience, Enabling Traders To Manage Their Finances Effectively.
- 150 + Tools
GANN's Traders Have Access To Over 150 Trading Instruments, Including Forex, Commodities, Stocks, Indices And Cryptocurrencies. This Diversity Provides Traders With Ample Opportunities To Diversify Their Portfolios And Take Advantage Of Different Market Conditions.
- Lowest Spreads
GANN Is Competitive And Low Spreads, Increasing The Cost-effectiveness Of Trading Activities. Low Spreads Mean That Traders Can Enter And Exit Trades With Minimal Cost, Potentially Maximizing Their Profit Margins.
- Multiple Payment Methods
- Unregulated
- GANN Operates Under The Supervision Of Any Regulatory Authority. Lack Of Regulatory Oversight May Increase The Risk Of Transparency, Security And Compliance With Industry Standards On The Platform. Without Regulatory Oversight, Traders May Be Exposed To Increased Risks Related To The Safety Of Funds And Market Integrity.
GANN Supports Multiple Payment Methods, Providing Users With Flexibility And Convenience In Order To Deposit And Withdraw Funds. Whether Through Bank Transfers, E-wallets Or Other Payment Gateways, Traders Can Choose The Method That Best Suits Their Preferences And Needs.
CONS
Financial Instruments
GANN Offers Users A Range Of Trading Assets. Among The Available Assets, Forex Is A Popular Option That Allows Traders To Speculate On The Exchange Rate Between Different Currency Pairs. This Includes Major Currency Pairs Such As EUR/USD, GBP/USD And USD/JPY, As Well As Other Forex Pairs.
In Addition, Traders Can Participate In The Trading Of Commodities, Which Include Various Raw Materials And Agricultural Products Such As Gold, Silver, Oil, Gas, Wheat And Corn. These Commodities Are Influenced By Global Supply And Demand Dynamics, Geopolitical Events And Economic Factors.
For Those Interested In The Emerging Digital Asset Class, GANN Provides Access To The Cryptocurrency Market. Traders Can Trade Various Cryptocurrencies Such As Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) And Others. The Cryptocurrency Market Operates 24/7 And Is Known For Its High Volatility, Providing Opportunities For Profit Potential.
In Addition, GANN Also Supports Stock Trading, Allowing Users To Invest In The Stocks Of Listed Companies In Different Industries And Sectors. This Includes Well-known Companies Such As Apple, Amazon, Google, And Microsoft, Among Others.
Finally, Traders Also Have Access To Indices, Which Represent Baskets Of Stocks That Track The Performance Of A Particular Market Or Industry. For Example, The S & P 500 Index, Dow Jones Industries Average Index, NASDAQ Composite Index, FTSE 100 Index, And DAX Index. Trading Indices Allows Exposure To Broader Market Trends And Allows For Portfolio Diversification.
Account Types
The Standard Account Offered By This Platform Is Suitable For All Kinds Of Traders, Whether Beginners Or Seasoned Professionals. There Is No Initial Deposit Requirement, And Traders Can Start With Any Amount They Feel Comfortable With. This Account Type Features Floating Spreads, Meaning That Spreads May Fluctuate Depending On Market Conditions. There Are No Commissions Charged For Trading, And Traders Receive Leverage Of Up To 1:400. Order Volumes Range From 0.01 To 30 Lots, Providing Flexibility In Trade Size.
For Traders Seeking Interest-free Options That Comply With Islamic Principles, The Standard Interest-free Account Offers Similar Features To The Standard Account, But Without Any Interest-free Fees. It Is For Traders Who Wish To Avoid Interest Payments Because Of Religious Or Personal Beliefs. Like The Standard Account, It Also Features Floating Spreads, Zero Commissions, Leverage Up To 1:400 And Order Volumes Ranging From 0.01 To 400 Lots.
The ECN Account Is Tailored For Professional Traders Who Need Enhanced Trading Conditions. The Minimum Initial Deposit For This Account Type Is $500, Offering Narrower Floating Spreads Starting At 7 Pips. However, Unlike The Standard Account, A Commission Of 7 Units Is Charged Per Lot Traded. Leverage Is Slightly Lower At 1:200 And Order Volumes Range From 0.01 To 400 Lots.
Similarly, An ECN Interest-free Account Is Available To Traders Who Follow Islamic Finance Principles But Wish To Receive Enhanced Trading Conditions For Their ECN Account. The Minimum Deposit Requirement For This Account Type Is $500, With Floating Spreads, Zero Interest-free Fees, Commissions Of 7 Units Per Lot, Leverage Of Up To 1:200, And Order Volumes Ranging From 0.01 To 30 Lots.
GANN's Introducing Broker (IB) Program Offers Unique Opportunities For Individuals Or Organizations Connected With The Forex Trading Community. As An IB, Participants Can Be Paid For Every Trade Their Referred Clients Make. The Program Offers A Variety Of Benefits Including A Personal Account Manager, Real-time Reporting, Detailed Statistics, And 24/7 Customer Support. This Program Is Ideal For Individuals Or Entities Looking To Monetize Their Network And Increase Their Income Through Affiliate Marketing In The Forex Industry.
Leverage
GANN Typically Offers A Maximum Leverage Of 1:400, Enabling Traders To Control Larger Positions With Relatively Little Capital. With This Level Of Leverage, Traders Can Enter The Market With A Higher Purchasing Power Than Their Initial Investment, Thus Maximizing Their Trading Opportunities.
Spreads And Commissions
GANN Offers Multiple Account Types With Different Spread And Commission Structures To Meet The Various Needs Of Traders. Both The Standard Account And The Standard No Swap Account Feature Floating Spreads And Are Commission-free, Making Them Ideal For Traders Who Wish To Avoid Additional Trading Costs. These Accounts Are Ideal For Beginners Or Traders Who Trade Frequently And Want To Keep Trading Fees Low.
On The Other Hand, The ECN Account And The ECN No Swap Account Have Slightly Higher Spreads Of 7 Pips, But Charge A Commission Of 7 Units Per Lot Traded. Despite The Commission, These Accounts Offer Tighter Spreads And Are Suitable For More Experienced Traders Or Those Who Prioritize Speed And Liquidity In Trade Execution.
Deposits And Withdrawals
GANN Offers A Range Of Payment Methods To Meet The Needs Of Its Global Clients. UnionPay, Apri-Cash, And Paypal Are Options Available Globally With Different Commission Rates And Instant Processing Speeds. UnionPay Charges A 5% Commission Fee, While Transactions Between Apri-Cash Users Are Free. Paypal Charges A 1.99% Commission On Transactions And Offers Instant Processing. FasaPay Is Another Option That, While Limited In The United States And Canada, Offers Free Deposits And Different Bank Transfer Options.
For Cryptocurrency Enthusiasts, GANN Allows Cryptocurrency Deposits To Be Made Using Stablecoins At A Fixed Exchange Rate Of $1, Providing Unlimited Instant Processing. Mobile Payment Options Such As Mobilium And Flutterwave Offer A Convenient Solution For Specific Regions. Each Payment Method Has Its Own Commission Rate And Instant Processing Speed.
CUSTOMER SUPPORT
Traders Can Get In Touch With The Support Team In A Number Of Ways, Such As By Phone, Email Or By Filling In The Contact Form On The Website. The Contact Number Provided Is + 44 141 628 7809, Or Questions Can Be Sent To The Email Address Info@gannmarkets.com. In Addition, For Those Who Do Not Wish To Use The Form, Direct Communication Can Also Be Made Via Email.
