GannMarkets (Gannmarkets.com) is a CFDs, Crypto Currency and Forex scam broker trying to scam unsuspecting investors. Gann Markets is offering leverages of up to 1:400 with 0.01 micro lots. GANNMARKETS is also purporting to offer secure trading with a highly customizable environment. This broker goes ahead and boasts of being a highly ranked broker. With these claims, we simply had to investigate and get the truth regarding GANN MARKETS.
Just like with any other Forex scam, this broker has used the same bag of tricks to trap victims. Claims and promises have been heavily laid upon this website to lure users into signing up. These scammers know for a fact that we all want to make a quick buck or two. That’s why they rely heavily on throwing in heavy claims. Claims of being account specialists, instant withdrawals can be seen plastered on their homepage.
Don’t sign up with a broker simply because you have been attracted by their promises of quick wealth. That’s why they purport to have ways and means to help you gain access to wealth. Why should they keep on insisting we make money with them? Why can’t they simply make money without harassing people? It’s because they simply want you to deposit with them and thus, get easy free money.
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According to their About US page, this broker is owned by Gann Markets Corp. Registered in Belize, they bluntly admit that they are offshore brokers. Offshore brokers are notoriously known for flaunting industry rules and regulations. There’s more to the ownership story that’s been hidden from us. Why have they failed to mention the names of the CEO or CFO of this company? It’s because they want to remain anonymous.
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Anonymity is a dangerous character to associate yourself with especially with online investment. These scammers make sure that they leave no trace when it comes to their identity. Claims that this brokerage firm was founded in 2018 cannot be substantiated. In short, this brokerage firm is shrouded with anonymity and can’t be trusted. There’s no way we can deposit money to an unknown entity.
Note that scammers will say or do anything to ensure that they make their products appear legit. They have even posted a licensing number IFSC/60/152/TS/19. To begin with, this licensing number is fake since they don’t license companies using this algorithm. Secondly, where are their licensing and regulation credentials?
A real broker will easily post their licensing and regulatory certificates and documents to back this claim. Another disturbing feature we noticed is when we looked GannMarkets up. IFSC has no records of ever licensing this brokerage firm. What this means is that we are dealing with a broker with fake claims.
Another scary detail we uncovered is the fact that this broker has rigged their demo account. This broker has rigged their demo account in favor of users. Most of you think that this is a good thing, there’s more than meets the eye. This broker simply wants to lure users into opening a real account by rigging results of demo account. That’s why they have rigged the demo account in favor of users.
When users see that they are making money with a demo account, they will want to open a real account. Make sure that you never believe results of a demo account which make over 90% successful trades. Having a rigged demo account means that they have disregarded the sanity of the Forex world.
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With a broker who claims to use innovation to speed up trading, they don’t have a live chat support. How do they expect users to contact them or get a hold of their customer care department? Do they expect users to still send emails and expect immediate feedback?
It’s clear that we are dealing with a broker who simply wants to remain anonymous. They don’t want to face any backlash from authorities and victims. And this is why Gann Markets has made it impossible to contact them. Claims of 24 hours support are simply fake as they don’t have any live chat support tab.
Anyone who signs up and deposits money with GannMarkets should never expect to see it again. Furthermore, this broker fails to mention a few important details to users. It means that this broker is far from being transparent.
Did you know that users maybe depositing money straight to the owner’s personal bank account? Lack of segregation of accounts is another huge factor that makes us doubt this broker. It means that GannMarkets is pooling funds in one account. In case of bankruptcy or insolvency, users will surely lose all their funds. Plus, this broker does not participate in a compensatory scheme, don’t expect any compensation.
GannMarkets is offering users six different account types to choose from. These account types include Fixed, Variable, Swap-free, Scalper, IB Program, and MAM Account. A fixed account is for users who want fixed spreads. A Variable account is for users who prefer spread ratios. Swap-Free account is for people of the Islamic Faith. Scalper account is for trading currencies. IB Program account is designed for businesses. MAM account is for a user who wants multiple account managers.
Problem with these accounts is that they lack proper information. Each account comes with a $100 signing up fee. That means all accounts are the same and don’ have any unique advantages. GannMarkets simply wants users to open accounts blindly without having to ask questions. This is totally an unacceptable practice for any broker to do. Stay away from their accounts.
GannMarkets is a scam that has no shame in stealing from unsuspecting Forex investors. From their level of anonymity to using fake credentials, this is surely a scam. Make sure you mark all their emails as Spam and never click on any links sent by them. Warn your friends and relatives from signing up with this broker. This is the only way to stay safe from GannMarkets and its affiliate.
Only option we are left with is to add GannMarkets to our scam blacklist. What’s expected to come out of this investigation is simply their website shut down.
Always sign up with Forex brokers who are professional and Service oriented. Sign up with Forex brokers who are Reliable and Reputable at all times. Go for Forex brokers who have the expertise in their craft. This is a proven way of making money with approved and genuine Forex brokers.
Finally, we wish you all the best in your Forex trading activities.
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