MISA — Comoros
GARNET TRADE LTD
Regulated · No. T2023429
Garnet Trade Forex Review — Overview
Regulation
Offshore regulated
Licence
MISA · No. T2023429
Licence status
Regulated
Platforms
MT5(Smartphones, MacOS, Window) +2 more
Max. leverage
1:500
Instruments
Forex, Commodities, Stocks, Indices
Typical spread
From 0.1 pip
Operating
Est. 2022
Main market
RU
Entity
GARNET TRADE LTD
Website
Unknown
Garnet Trade Forex is a forex & CFD broker based in Comoros, established in 2022. On Trust Broker Hub it holds a Trust Score of 3.9 out of 10, which we rate as Poor — above the industry average of 3.3/10. High-risk profile — proceed only with caution and small amounts.
Garnet Trade Forex's licence comes from an offshore jurisdiction (MISA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
Garnet Trade Forex provides access to Forex, Commodities, Stocks, Indices. Published conditions include leverage up to 1:500. No complaints are currently on record. Overall, Garnet Trade Forex carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?Trust Score history
Garnet Trade Forex currently scores 3.9/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a MISA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies, Precious metals |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:500 |
| Typical spread | From 0.1 pip |
| Platforms | MT5(Smartphones, MacOS, Window), Garnet Plus(Windows, Mobile) |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Garnet Trade Forex
Our analysis · editorial
3.9/10
High-risk profile
Garnet Trade Forex is regulated in an offshore jurisdiction (MISA), which offers lighter oversight than tier-1 regimes. Based in Comoros, it has been operating for about 4 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 3.9/10 — a high-risk profile.
Strengths
- No complaints on record with us
- Supports MT5(Smartphones & MacOS trading
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
- Very high leverage available (1:500) — amplifies risk
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
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Garnet Trade Forex — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Garnet Trade Forex here if that changes.
Full specifications
Regulated region
Comoros
Operating period
5-10 years
Main market
RU
Licensed entity
GARNET TRADE LTD
License status
Regulated
Instruments
Forex, Commodities, Stocks, Indices, Cryptocurrencies, Precious metals
Year founded
2022
Frequently asked
Is Garnet Trade Forex a safe broker?
Garnet Trade Forex scores 3.9 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Garnet Trade Forex trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Garnet Trade Forex?
Garnet Trade Forex publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.