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2.04 /10

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Garnet Trade

Item: Garnet Trade
Rating: 2.04

Macedonia

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://garnet-trade.com

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Score

Regulatory Index0.00

Business Index6.75

Risk Management Index0.00

Software Index7.73

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Broker Information

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Company Name

GARNET TRADE PTY LTD

Company Abbreviation

Garnet Trade

Platform registered country and region

Macedonia

Company website

https://garnet-trade.com

X

https://x.com/GarnetTradeFx

Facebook

https://www.facebook.com/profile.php?id=61561766222756

Instagram

https://www.instagram.com/garnettrade/

YouTube

https://www.youtube.com/c/GarnetTrade

Company summary

Pyramid scheme complaint

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Garnet Trade · Company summary

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
Customer Support(24/7)	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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Warning: Low score, please stay away!

Previous Detection : 2025-03-01

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:500
Minimum Deposit	10.000 USD
Minimum spread	0,1
Products	--

Currency	--
Minimum position	0,01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	No

Garnet Trade · Company summary

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
Customer Support(24/7)	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.

User Reviews

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User comment

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Darry

more than one year

GARNET TRADE, their trading platform is alright, it's got the basics covered. But when it comes to customer service, some people say they've had some issues. If you're looking for a broker with top-notch customer service, you might want to look elsewhere.

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2024-07-08 18:42

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BittraderZek

more than one year

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.

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2023-06-21 03:23

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