GARNETTRADE Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-02-10 11:57

Abstract：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.

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.