GANN Markets Review: Withdrawal Complaints Mount as Bappebti Flags Unauthorised Broker

GANN Markets claims to have been in the trading business since 1996, but recent user complaints and regulatory records tell a different story. Multiple traders have reported being locked out of their funds , in one case involving over $31,000 , while Indonesia's commodity futures regulator has publicly named the broker among hundreds of unauthorised entities blocked from operating in the country. With no regulatory licence on record, anyone considering this platform needs to understand what the complaints reveal before depositing a single dollar.

Contents

01

Complaint Pattern Analysis: Funds Go In, Getting Them Out Is a Different Story

02

Regulatory Warning: No Licence and a Bappebti Blocklisting

03

Basic Information: A Long-Running Platform Without Regulatory Backing

04

Score and Impact: 1.83 Out of 10 on WikiFX

05

Final Thoughts

Complaint Pattern Analysis: Funds Go In, Getting Them Out Is a Different Story

The most detailed complaint on file comes from a trader in Turkey. According to the complaint, the trader deposited over $10,000 and grew the account to around $25,000 through forex trading. When the trader requested a full withdrawal, GANN Markets initially agreed to pay in $5,000 instalments every two weeks , an arrangement the trader accepted. Then the broker reversed course.

The complaint states that GANN Markets accused the trader of “arbitrage,” declared the trades irregular, and refused to pay the $20,000 in profits. The broker allegedly offered only the return of the original deposit , and only on the condition that the trader sign a statement waiving all further claims. Making matters worse, the trader reports that $6,040 had already been deducted earlier on a “scalp trading” accusation, bringing the total disputed amount to roughly $31,500. At the time of the complaint, neither the profits nor the principal had been returned.

Screenshot submitted by the user with the complaint (2026-02)

A separate complaint from a trader in Pakistan follows a simpler script: a $500 deposit was made, and the funds were never returned. According to the user, the broker stopped responding.

Screenshot submitted by the user with the complaint (2025-06)

What connects these cases is the familiar pattern of shifting justifications. In the Turkish case, the broker moved from agreeing to an instalment plan, to accusing the trader of arbitrage, to demanding a legal waiver, all before releasing any money. For traders, this kind of escalating behaviour is a serious red flag.

Regulatory Warning: No Licence and a Bappebti Blocklisting

WikiFX data shows that GANN Markets holds no regulatory licence from any recognised financial authority. The platform is registered in Saint Lucia, but Saint Lucia's corporate registry does not provide financial oversight for forex brokers.

The situation is further confirmed by a public disclosure from Indonesia's BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi). In September 2022, the regulator announced it had blocked 760 entities , including GANN Markets , for offering commodity futures trading services in Indonesia without the required permits. BAPPEBTI explicitly warned that customers of unlicensed entities cannot access official mediation in disputes, that segregated accounts are not guaranteed, and that pursuing cross-border claims is both costly and uncertain.

An unregulated broker means there is no external authority to turn to when withdrawal requests are denied , exactly the scenario described in the complaints above.

Basic Information: A Long-Running Platform Without Regulatory Backing

According to its company profile, GANN Markets was founded in 1996 and operates under the company name GANN Markets Ltd, registered in Saint Lucia. The platform offers MetaTrader 5 with access to forex, commodities, cryptocurrencies, stocks, and indices, and supports four account types: Standard, Standard Swap Free, ECN, and ECN Swap Free.

Minimum deposits range from $0 to $500, and leverage reaches up to 1:400 on Standard accounts. EA trading is supported, and deposits and withdrawals are handled through WebMoney and PerfectMoney.

While the platform's MT5 offering and account variety may look appealing at first glance, these features carry little weight without a regulatory framework to protect client funds.

Score and Impact: 1.83 Out of 10 on WikiFX

WikiFX assigns GANN Markets a score of 1.83 out of 10 , a rating driven by the absence of any regulatory licence and the presence of user complaints. A score this low signals that the platform carries substantial risk, and the complaints on record show that risk is not theoretical.

Final Thoughts

The data on GANN Markets points in one direction: a broker with no regulatory licence, a public warning from BAPPEBTI, and user complaints centred on blocked withdrawals and denied profits. The Turkish trader's case , involving over $31,000 in disputed funds across multiple rounds of shifting explanations , illustrates what can happen when there is no regulator to appeal to. While the broker's long operating history and MT5 platform may create a surface impression of legitimacy, those features do not protect your money if the withdrawal process breaks down.

If you are considering trading with GANN Markets, verify the regulatory status independently before depositing. Start with a small amount and test the full withdrawal process before committing larger sums. Use the WikiFX App to monitor real-time scores, check for new complaints, and stay informed about any regulatory changes that could affect your funds.