Score
Garnet Trade
Macedonia|2-5 years| https://garnet-trade.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Single Core
1G
40G
1M*ADSL
- The Comoros MISA regulation with license number: T2023429 is an offshore regulation. Please be aware of the risk!
Basic Information
Macedonia
2-5 years Regulated in Comoros Regulated in Australia Retail Forex License Appointed Representative(AR) MT5 Full License Regional Brokers Medium potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
garnettrade.com
Server Location
United States
Website Domain Name
garnettrade.com
Server IP
18.119.154.66
-
garnet-trade.com
Server Location
United States
Website Domain Name
garnet-trade.com
Server IP
104.26.3.142
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garnettrade.info
Server Location
United States
Website Domain Name
garnettrade.info
Server IP
72.167.191.69
Company Summary
Company Summary
Company profile
Operating in more than 50 marketplaces, Garnet Trade provides trade execution and clearing services to institutional, retail and professional investors with direct access (on-line) for a wide range of electronically traded products including equities, CFDs, energies, metals and Forex worldwide. Garnet Limited and its affiliates execute more than 1,454,000 trades per day.
We have an ASIC license, which is considered the most reliable regulation in the world.
Our license number is: 001305577. You can inquire about our license at asic.gov.au.
With more than 350 employees, Garnet Trade is a member of the Financial Commission. In this Financial Service Commission, traders capital is secured up to €20,000 and in case of any dispute/victimization, they are entitled to claim direct compensation of funds.
In addition to all these, we have the license of MWALI INTERNATIONAL SERVICES AUTHORITY (M.I.S.A.).
Our license number is: T2023429. You can query our license at mwaliregistrar.com.
Garnet Trade;
Sponsorship of Portugal Braga Team between 2020-2022
Sponsorship of HONDA LCR in MOTO GP races since 2022
Sponsorship of Galatasaray womens volleyball team 2022-2023
In the 2024-2025 season, it is the official sponsor of the French professional basketball team A.S Monaco.
Keywords
- 2-5 years
- Regulated in Comoros
- Regulated in Australia
- Retail Forex License
- Appointed Representative(AR)
- MT5 Full License
- Regional Brokers
- Medium potential risk
- Offshore Regulated
| GARNET TRADEReview Summary | |
| Founded | 2022-11-21 |
| Registered Country/Region | Macedonia |
| Regulation | Regulated(ASIC), Offshore Regulates(MISA) |
| Market Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies, Precious metals |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pip |
| Trading Platform | MT5(Smartphones, MacOS, Window), Garnet Plus(Windows, Mobile) |
| Min Deposit | 100 USD |
| Customer Support(24/7) | Facebook, Twitter, Instagram, YouTube |
| Email: info@garnet-trade.com | |
GARNET TRADE Information
GARNET TRADE is an ASIC-licensed broker that provides electronically traded products including equities, CFDs, energies, metals, and Forex worldwide. The broker also provides various accounts with up to 500x max leverage and 24-hour customer support. Traders can access MT5 through GARNET TRADE.
Pros and Cons
| Pros | Cons |
| Regulated(ASIC), Offshore Regulates(MISA) | Unspecific swap information |
| Leverage up to 1:500 | |
| Spread as low as 0.1 pip | |
| Mt5 available | |
| 24/7 customer support |
Is GARNET TRADE Legit?
GARNET TRADE is authorized and regulated by the Australia Securities & Investment Commission(ASIC), with License No. is 001305577 and the License Type is Appointed Representative(AR), making it safer than unregulated.
Mwali International Services Authority(MISA) offshore regulates GARNET TRADE with license number T2023429 and License Type Retail Forex License.
What Can I Trade on GARNET TRADE?
GARNET TRADE offers the advantage of bidirectional trading on over 160 instruments, including global stocks, country indices, currency pairs, energy, precious metals, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Precious metals | ✔ |
Account Type
GARNET TRADE has five account types: Beginner, Standard, Prime, ECN, and Zero. Traders who want low leverage can choose a Beginner account, while those with a sufficient budget can open a Zero and ECN account.
In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Beginner | Standard | Prime | ECN | Zero | |
| Minimum Deposit | 100 USD | 1.500 USD | 5.000 USD | 10.000 USD | 10.000 USD |
| Available Base Currencies | USD, EUR, GBP, AUD | ||||
| Spreads | 0.9 pip | 0.7 pip | 0.5 pip | 0.1 pip | 0.1 pip |
| Maximum Leverage | 1:100 | 1:300 | 1:300 | 1:500 | 1:500 |
| Minimum Lot | 0,01 | 0,01 | 0,01 | 0,01 | 0,01 |
| Commission | Free | Free | Free | Free | Free |
GARNET TRADE Fees
The spread starts at 0.1 pip, and the commission is free. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
Traders can conduct financial activities in MT5 available on Smartphones, MacOS, and Windows through GARNET TRADE. MT5 provides various trading strategies and implements EA systems. GARNET TRADE also offers Windows and Mobile versions of its proprietary platform.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Smartphones, MacOS, Window | Experienced traders |
| Garnet Plus | ✔ | Windows, Mobile | All |
Deposit and Withdrawal
The first deposit amount must be 100 USD or above. GARNET TRADE accepts Skrill, NETELLER, VISA, MasterCard, and more for deposit and withdrawal. Withdrawal processing time is within 1 hour.
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BittraderZek
Turkey
I do not agree with the negative comments made for Garnet Trade. I have been trading on Garnet for a long time, my trust has never been damaged and it is a brokerage firm I trust.
Positive
2023-06-21
Karacatrader
United States
A broker that I can definitely recommend for Garnet trade with low rates and low commission rates
Positive
2023-06-05
MRSTrader
United States
The broker I worked with before was not trading with crypto. But Garnet is very good at this...
Positive
2023-06-01
FX3672686891
United States
As a broker, low commission rates always surprise me. With tight spreads and fast customer support, I will not give up on Garnet.
Positive
2023-05-21
FX2977783756
United States
I met Garnet trade on the recommendation of my friend. I've been using it for years and haven't had any problems. They have a very fast and transparent platform.
Positive
2023-05-20
FX4113409719
Turkey
I am very satisfied with garnet trade. It works very well, everything is very good. They are very quick to respond with their financial advisors and technical support.
Positive
2023-05-10
FX1507707376
Germany
I met Garnet recently. I decided to try it on a friend's recommendation. I find it very transparent and reliable. I'm happy with the commission rates and transaction speeds. I haven't had any problems that bother me.
Positive
2023-04-26
FX1841028729
United States
I can say that Garnet Trade is the most profitable brokerage house for me. I haven't had any problems so far. A successful and reliable brokerage firm in support.
Positive
2023-04-22
FX1343135338
United States
I have been using the garnet trading platform as a forex brokerage firm for a long time. The commission fees are low and I had no problems with withdrawals and deposits. Spreads are reasonable and I am very satisfied.
Positive
2023-04-11
FX2977783756
United States
I signed up and tried their system in a really objective way. there seems to be no problem or problem. It is also very fast, especially for withdrawals.
Positive
2023-04-09
FX3159266618
United Kingdom
I have been trading and trading with garnet trade for 3 years. I've had no problems and I'm really happy with it.
Positive
2023-04-09
FX2977783756
Turkey
garnet trade is a very good trading company. I am happy to trade here, thanks to the safe and low commission amounts.
Positive
2023-03-09
默白
United States
GARNET TRADE is an excellent broker. I recommend everyone use this broker. I have witnessed many of my friends use this for many years I tried it and their words are true. more thumbs up to them. God bless.
Positive
2022-12-09