Garantio Finance is a relatively new crypto broker on the market. The company claims to offer the ultimate crypto bot, ensuring you will profit from the digital currency market. However, even crypto trading firms have to be regulated. There’s a mismatch in the information regarding Garantio Finance’s regulatory status, which we will present in this review.
Also, we recommend you not to invest in the fraudulent brokers Green Capitalz, Geneticrypto and Bontobel.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | garantio.finance |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | Australia (allegedly) |
| Foundation year: | 2022 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | Available – BTC, ETH, XRP |
| Types of Assets: | Cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | No |
Is Garantio Finance a Licensed Broker?
Under the Terms and Conditions, Garantio Finance claims to be a brand of Invest PTY LTD, a brokerage registered and regulated in Australia. However, our research didn’t find any connections between legitimate brokerage and garantio.finance.
Furthermore, none of the praise reviews mentions Garantio Finance’s regulation. It’s pretty suspicious since every legitimate firm points it out as the first benefit of trading with them.
In the end, we searched through the ASIC register and didn’t find any mention of the Garantio Finance broker.
How Unsafe Is An Unlicensed Broker?
Unlicensed brokers provide no money-back guarantee, no negative balance protection, and are not transparent when it comes to trading conditions. Garantio Finance claims to be Australian-based, but the only way to contact the firm is by using a phone number with the country code of Bermuda. Our best guess is that Garantio Finance is another offshore crypto cyber-fraud you want to avoid.
So Is Garantio Finance a Decent Broker or a Scam?
Garantio Finance claims to be regulated by the Australian regulator ASIC. However, our investigation showed differently. Garantio Finance broker cannot be trusted.
Traders’ Experience With Garantio Finance
You will find a lot of praise if you check Garantio Finance reviews in Trustpilot and similar websites. Note that illicit brokers usually write their own reviews at the beginning to attract more customers.
Since Garantio Finance doesn’t have a single bad review, it clearly indicates that these reviews are dishonest. Even the most regulated brokers have unsatisfied customers. It comes with the business.
What Platforms Does Garantio Finance Offer? – Available Trade Software
Garantio Finance offers a proprietary WebTrader, allegedly fully synchronized with MT4. While this may be true, it only means that you can access the web-based MT4 for social trading and copy trades from other investors on the market. This doesn’t mean you will be given all the perks you would typically get if the firm offered real MT4.
Therefore, even the trading platform is not a good excuse for you to start trading with this fraudulent firm. One WebTrader will never provide you with enough charts, indicators, and other advanced features available on MetaTrader4 and MetaTrader5.
All About Garantio Finance Accounts
Customers have access to 5 Garantio Finance account types. They are:
- Student Group – 250 EUR
- Intermediate Group – 2,000 EUR
- Advanced Group – 5,000 EUR
- Crypto Group – 1 BTC
- VIP – Contact Account Manager
Besides the increasing deposit requirements, accounts differ in education sessions, account manager assistance, access to automated trading, and available market areas.
Also remember the names of the 5Markets, AreaTrading and Soltechx trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Garantio Finance Live Trading
Garantio Finance claims to offer classic Live trading, automated trading, copy trading, and crypto exchange. Since it offers only a web-based platform, it’s hard to imagine the quality of EAs or social trading. Since there’s no Demo account and we were unwilling to invest a penny with this shady scheme, we cannot say more besides what the website gives us.
Garantio Finance Range of Trading Instruments & Markets
Since Garantio Finance allegedly offers the best crypto bot, this is the only available trading asset – cryptocurrencies. Customers can invest in the most popular digital coins, including:
- BTC
- ETH
- XRP
- LTC, and more
Note that a solid range of coins doesn’t necessarily mean that the broker is good.
What Trading Terms Does Garantio Finance Provide?
Garantio Finance doesn’t say much about trading terms. We know nothing about spread and leverage, meaning proper risk management is impossible. Furthermore, the Terms and Conditions don’t provide sufficient information regarding trading costs and withdrawals.
All this is proof that the firm is not actually licensed in Australia. Legitimate brokers follow strict rules and are very transparent regarding trading terms.
Garantio Finance Deposit, Withdrawal Methods, And Fees
According to the T&C, this trading brokerage accepts the following payment methods:
- PayPal
- Debit/credit cards
- Wire transfer
- Cryptocurrencies
However, upon registering an account, you’ll be allowed to invest only through Bitcoin. This is the preferred investment method for scheme brokers since crypto transactions are virtually impossible to trace and chargeback is not applicable.
The firm charges an inactivity fee of up to 100% in case the account is automated and the customer is not trading alone, they do not answer to the broker for longer than 3 months, and the company thinks that account maintenance costs exceed the value of the account. All in all, they can take everything you have just because you don’t pick up your phone.
Customer Support – Communication Channels
Broker customer support uses different communication channels to reach their customers. Usually, they’re approaching potential and existing clients through phone calls and emails. If you do not answer, you may receive various offers through WhatsApp or social media accounts.
The best thing you can do for yourself and your funds is to avoid the Garantio Finance scheme.
Scammed by Garantio Finance Broker? – Let Us Hear Your Story
If you have been involved with Garantio Finance, there’s a high chance you lost your money due to a scam. In such a case, contact us for assistance with the refund procedure.
Our experts have vast experience dealing with crypto scams, tracing transactions, and finding perpetrators. Contact us immediately, and let’s start working on your case before the broker vanishes with your hard-earned money.