Score
Macedonia
|
5-10 years
| https://garnet-trade.com/
Website
Rating Index
MT4/5
Full License
GarnetLimited-Server
Influence
D
Influence index NO.1
Turkey 2.57
MT4/5 Identification
Full License
United KingdomInfluence
D
Influence index NO.1
Turkey 2.57
LicensesLicensed Entity：GARNET TRADE LTD
License No. T2023429
Single Core
1G
40G
1M*ADSL
Macedonia
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
garnet-trade.com garnettrade.info
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Who we are？
Garnet Trade is a brokerage firm operating in the Forex market based in Sydney, Australia since 2010. We have back offices in the UK, Canada and Macedonia.
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.
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.
We also have an ASIC license, which is considered the most trusted regulation in the world.
Our license number is: 670976977. You can learn more about our license at asic.gov.au.
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.
| 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 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 | 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 |
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.
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 | ✔ |
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 |
The spread starts at 0.1 pip, and the commission is free. The lower the spread, the faster the liquidity.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
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 |
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.
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.
GARNET TRADE is regulated offshore by MISA. The spread starts at 0.1 pips, and the commission is free. Traders can use MT5 for financial activities.
The first deposit amount must be 100 USD or above.
The MISA offshore regulates GARNET TRADE with license number T2023429 and license type Retail Forex License
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FX4091107561
Turkey
Hello, I am Jef Kaan Zengin. My Meta Id Number is 225223. Although the trade I opened reached Tp, the trade was not closed and Garnett trade put me at a loss. My receipt number is 923794. My trade pair is Tesla. My loss is 540 dollars. And at the same time, this institution gives investment advice through individuals via telegram and resets people's balances. Merhaba Ben Jef Kaan Zengin. Meta Id Number is 225223. Although the trade I opened reached Tp, the trade was not closed and Garnett trade put me at a loss. My receipt number is 923794. My trade pair is Tesla. My loss is 540 dollars. And at the same time, this institution gives investment advice through individuals via telegram and resets people's balances.
Exposure
esra3129
Turkey
I had the same problem last month, my earnings were withdrawn from my account without any explanation (image 1). Then there was a freeze. They said there was no such price, and an explanation was made that the system has been freezing many times since last year, even though I asked you to take care of it (image 2-3). The same trading I entered during the 14 November data time. I was treated, my earnings are 1900 USD, they do not give me (image 4-5). This is a company that blames us for the errors of their systems freezing for 40 minutes while there is data flow in all companies. They are also not willing to compromise, they went further and locked the friends' accounts and gave the access permission in return for them writing a petition saying 'I am satisfied' about the institution. .. I will inform the auditors, such as Asic, Financial Commission and Turkey's Cimer and Masak, about the issue with my visuals and receipts. Best regards.
Exposure
sus7957
Turkey
please help me get my money back from this company. I entered into two RUSS2000 transactions earning Total of $777 on October 6. After a few minutes this company took the money back from my account. The Transaction İD 6793322 is $400.50 The Transaction İD 6793326 is $376.50. please help me
Exposure
dee2134
Turkey
On October 6, 2023 I entered 2 Sell Transactions for RUSS2000. From Transaction ID #6793322 I earned $400.50. From Translation ID #6793326 I earned $376.50. After 35 minutes this company took the money away from my account. I want my money
Exposure
Karacatrader
United States
A broker that I can definitely recommend for Garnet trade with low rates and low commission rates
Positive
MRSTrader
United States
The broker I worked with before was not trading with crypto. But Garnet is very good at this...
Positive
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
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
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
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
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
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
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
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
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
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