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Garant Market Review is out, and we will expose why garant-market.com is a scam. Those who have invested with the broker are now crying foul. After investing and letting the broker trade on your behalf, there are no results.
The broker is turning the tables and blocking access to your funds. With such tactics, we must keep the forex trading world safe. Here’s our clear GARANT MARKET REVIEW.
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There’s not much to go on regarding what this broker offers. What we know is the broker is using false license and registration claims. The broker is nowhere near licensed in the UK. We checked with the Financial Conduct Authority and Company Registrar.
Once you land on the homepage, you might get distracted by the appealing interface. The people behind this platform do know a thing or two about trading. Its aesthetics was created to fool even skilled traders from signing up.
Nothing screams of scam when you first land on the homepage. It’s not until you sign up and deposit funds do you get scammed. Hundreds of members are now crying foul, wanting answers from the store.
The broker is nowhere to answer any of these allegations. Sending emails to get any response hits the wall. We are dealing with a store that doesn’t want to engage with its victims. And as such, we must expose the broker.
Abysmal, to say the least. Instead of getting a world-class trading terminal, members get a shoddy custom-made platform. Moreover, the broker insists that the trading terminals best suit the style of trading on the platform.
Far from it, members have a hard time navigating through the trading platform. You would expect a broker to offer members industry-backed and tested terminals. Unfortunately, that’s not the case with Garant Market.
MT4 and MT5 are the best trading platforms the industry has to offer. With these platforms, you get to use what’s known as the stable terminals. These terminals are compatible with any desktop or mobile device.
For those who trade on the go, garant-market.com won’t provide such access. It’s a web-based trading platform slow at executing trades. Those who have used it are even claiming the alerts are all wrong.
At first glance, we noticed these accounts were similar to Bestprofit.ltd and Cryptonify.com. And as such, we can confirm that Garant Market is another scammer in the industry.
Let’s take a closer look at the three accounts;
Novice
You must make a minimum deposit of $150 to start with the most basic account. As the name suggests, the account is best suited for beginners. Leverage is 1:10, with members trading cryptocurrencies and metals.
Real
There’s a minimum acceptable deposit of $1,000 available on this platform. Leverage starts at 1:50, with members getting a promise of instant execution. You also trade with the same trading instruments as the novice account holder.
Major
It’s the most exclusive account, with investors having to deposit $10,000 to get started. Leverage is also set at 1:50. Members can open a personal PAMM account and contact a personal manager. Traders use two assets for trading, as listed on the account features.
One thing stands out, and the broker does follow the rules when it comes to set leverage. The industry allows for maximum leverage of 1:100 on all trading instruments. What’s different with the accounts is the type of spreads available.
No one knows whether the broker offers floating or fixed spreads. There’s no mention of it anywhere on the platform. Despite promising insurance deposits, that’s not the case. We have a platform not eager to help traders.
ETF and Index trading are available as well to only major account holders. You would expect the broker to help members spread risks with various trading instruments. To make matters worse, the account with more trading instruments goes for $10,000.
These are the call agents who call you claiming to have a lucrative open position. The broker claims the position is limited to a few hours to make you feel special. You are one of the few members called to take the chance.
All you have to do is deposit more funds and wait for the profits to soar. Those who make the mistake of adding more funds end up losing the entire chunk. The account manager suddenly disappears, and the calls stop coming.
We have a platform that takes pride in fooling naïve investors. The broker will move quickly to replace the account manager with a new one. Attempts to reach out to the previous account manager hit a wall.
Garant Market is a funny trading platform. On the account’s page, it shows only four classes of trading instruments. However, the menu page tells us of five classes of trading instruments. These are commodities, crypto, forex, indices, and stocks.
Commodities found include metals such as gold, palladium, platinum, and silver. Crypto assets include Bitcoin, Ethereum, and Ripple. The broker pairs these crypto assets against each other. Forex trading happens to be at the core of the platform’s activities.
You get to major and minor currency pairs, which include AUD, CHF, EUR, GBP, USD, etc. Available indices include DAX, Dow Jones, and NASDAQ. You can also trade stocks from leading companies.
Don’t expect any contact or support from the platform. You can see the platform doesn’t have a live chat. Instead, the broker tries to list a virtual phone number. That’s the proof we needed to expose the platform as an offshore-based broker.
UK phone numbers don’t use the prefix listed at the footer of the homepage. Nonetheless, the broker implies having offices in the region. These are false claims that we must expose to protect naïve traders.
Due to the broker’s numerous complaints, we have to rate them a 1/10. Other independent websites have done the same. And this goes to show we have a platform not liked by the trading community.
Before signing up with any broker, you must strive to determine this broker’s rating. How do the crypto and forex trading communities receive the broker? You can find that most of this broker’s reviews are negative.
Funding your account with Garant Market is fast. The process takes less than five minutes to complete. Once you fund your account, the balance will reflect within 24 hours. You can then start trading or let the broker take over your account.
When it comes to withdrawing funds, that’s when all hell breaks loose. The broker fails to allow any member to withdraw funds. And that’s why we draw the line regarding investing or trading with garant-market.com.
Garant Market is not a complaint or licensed trading platform. And that’s why we mark it as a high-risk trading platform.
After carefully scrutinizing the broker, it’s best to avoid signing up.
NB: These are the best crypto investments you can have.
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