Unauthorized offshore forex, CFD and cyrpto broker GANNMarkets is operated by Gann Market Corporation LLC, registered in St. Vincent & The Grenadines in 2020. According to the links on LinkedIn, the majority of the staff is based in Montenegro and acquires clients in Turkey, the Arabic-speaking world, Europe and the rest of the world through the boiler rooms. Until recently, GANNMarkets was a member of The Financial Commission. The founder of the now dissolved UK Gann Markets Corp Ltd was the Turk Murat Gurbuz. Stay away from offshore brokers. You and your money are not protected.
Key data
| Trading names | GANN Markets GANNMarkets |
| Business activity | forex, CFD, crypto broker |
| Domain | https://gannmarkets.com/ |
| Social media | LinkedIn, Facebook |
| Legal entities | Gann Market Corporation LLC Gann Markets Corp Ltd (dissolved) |
| Company advisor | Euro-Caribbean Trustees LLC |
| Jurisdictions | ST. Vincent & The Grenadines Montenegro |
| Languages | English, Turkish, Arabic |
| Authorization | No |
| Contact data | +44 1392 580705 Svetlane Kane Radević 5, floor 4 81000 Podgorica, Montenegro |
| Related individuals | Murat Gurbuz (Turkish) |
| Pre-KYC depoits | No |
| Maximum leverage | 1:400 |
Short narrative
The Financial Commission recently informed that GANNMarkets canceled its membership as of 2 May 2022. Thus, GANNMarkets clients are no longer eligible for reimbursement from the Financial Commission’s compensation fund.
In our review we have been able to register as residents of UK and EU. Since GANNMarkets does not have a license for these regimes, it is offering its regulated financial services unauthorized and illegally. GANNMarkets is also operating unauthorized in other regulatory regimes such as Australia. GANNMarkets offers leverage of up to 1:400, which violates regulatory requirements in most jurisdictions. In UK and EU a maximum leverage of 1:30 is allowed.
Deposits are only possible after a KYC check which is positive. On Trustpilot, the offshore broker receives a 4.5-star rating with a corresponding “Excellent” rating. However, most of the 5-star reviews seem to have been ordered and are meaningless.
You should generally avoid offshore brokers. This is even more true if they are not regulated. As a client of these brokers you are not entitled to Investor Protection Schemes or Financial Ombudsman support. You have hardly any chance to file a lawsuit in an offshore jurisdiction.
Share information
If you have any information about GANNMarkets, its operators and activities, please let us know via our whistleblower system, Whistle42.
