Gann Markets: former clients’ reviews. Invest or not?
About Gann Markets
Like many other financial companies, Gann Markets attracts newcomers by offering generous bonuses, a low entry threshold, and positive reviews. However, the reality is reflected in feedback from real clients online. The deception of scammers stems from the assumption that novice traders will not verify the authenticity of information on the broker’s website. Our review will explain why Gann Markets is not deserving of trust and is not recommended for cooperation.
Key Points about Gann Markets
The organizers of Gann Markets are cautious and claim not to provide services to residents of certain jurisdictions, including Turkey, UAE, and the USA, where the broker’s activities are illegal.
According to information on gannmarkets.com, the platform has been in existence since 2018. Indeed, the domain is quite old, which aligns with their claims. Reviews about this broker have long been appearing on independent forums. Although the “kitchen” we presented is offshore and registered in St. Vincent and the Grenadines. Many financial scammers use the same legal address in their platforms.
Another important factor is that the regulatory body in the island state does not take responsibility for issuing licenses and monitoring brokerage activities. It merely registers companies. A warning about this is present on the official website of svgfsa.com.
Promises and Conditions from Gann Markets
Among the assets offered on the Gann Markets platform: currency pairs, cryptocurrencies, indices, and commodities. The number of available account types includes:
- Standard Account,
- Standard Swap Free,
- ECN Account,
- ECN Swap Free.
The main account currency is USD. The entry threshold is only $100, which attracts many novice traders. Bonuses for deposits and leverage up to 1:400 are offered to them. The minimum spread is 0.7 points, but reviews indicate that abnormal extensions often occur, leading to significant losses.
Users’ Opinion on Gann Markets
Years of fraudulent practices have made Gann Markets the subject of numerous negative reviews. The company is criticized for financial manipulations, refusal to pay profits, and psychological pressure. You can read the opinions of real clients and form your own judgment on this matter.
Deception Methods by Gann Markets
Gann Markets describes its trading conditions in a very vague manner. The approach to each client is individual, starting with small contributions, and then persuading them of successful trading, motivating them to continue funding the account.
As a result, traders lose several thousand dollars before realizing the fraud, the absence of a legal basis, and the transfer of transactions to the real market. When the client “burns out” and exposes the enterprising scammers, they talk about suspicious activity and block the account along with the remaining funds.
Conclusion
Despite widespread criticism and a plethora of negative reviews, Gann Markets continues its operations. They attract insufficiently informed investors willing to believe in promises of quick profits. Scammers seek to extract maximum benefit until the user realizes the trick. Remember, before taking risks, it is necessary to make informed decisions and verify every detail about the broker.