Gaman (also known as Gamanfx) is an emerging forex broker established in the United States, mainly offering financial product trading services such as forex, metals, energy, and indices to investors. The company has a very short history and is not regulated by any financial regulatory body, posing potential security risks to Gaman.
Company Background
Gaman is a broker established in the United States, with the entity name of GAMAN LIMITED, and its office address at 123 Main Street Suite 456 Cityville, State 78901 United States. The broker has recently registered its domain name, with the registration date being February 19, 2024.
Regulatory Status:
Gaman claims to be regulated by the National Futures Association (NFA) in the United States, with a regulatory number of 0562079. However, it's important to note that although Gaman claims to be regulated by the NFA, the company is not actually a member of the NFA and therefore is not regulated by it. Investors should be cautious when trading with this broker.
Trading Products
Gaman offers Contract for Differences (CFDs) in 6 asset classes, including forex, stocks, spot indices, futures, spot precious metals, and spot energy. Investors can trade via its online trading platform, but Gaman's product information lacks transparency, missing key details such as spreads, leverage ratios, and minimum deposit requirements.
Trading Platform
Gaman offers a proprietary trading platform named “ST5”, available for Windows ST5 and Mobile ST5, compatible with Windows, iOS, and Android systems. However, investors might face security risks when using proprietary platforms.
Since these platforms are developed and maintained by Gaman, their security and stability may not be as assured as those from regulated platforms. Investors should be aware that proprietary platforms might have systemic vulnerabilities, security issues, or unforeseeable technical failures, which could affect their trading experience and fund safety.
Account Types
Gaman offers both real and demo accounts. Real accounts are for actual trading, while demo accounts are virtual platforms for investors to practice trading and usage.
Despite offering real and demo accounts, Gaman has not disclosed specific account types.
When registering for a real account, investors need to visit Gaman's official website and click on the registration button. During the registration process, investors are required to fill in their email address and set a password. After registration, users can log in with their registered email and password to start actual trading.
Deposit and Withdrawal Methods
Gaman offers its clients a variety of payment methods, including wire transfer, debit/credit card, and online payment, but lacks specific transaction details. When choosing deposit and withdrawal methods, clients should consider the fees, processing times, and security of each method to select the most suitable option.
Customer Support
Gaman provides two ways of communication, including email and a physical office address. Clients can contact Gaman through these means to address any problems or needs they may encounter.
Website Design
Gaman's website content and design are very similar to another company called Golden Path, suggesting the use of the same website template. This similarity may include website layout, color scheme, font selection, and page elements. Investors should be vigilant about the similarities between Gaman's website and that of Golden Path.
Conclusion
Gaman is a newly established broker in the United States, offering a range of financial products for trading. The company was founded very recently and is not regulated by any regulatory body. Gaman's use of proprietary trading platforms could pose certain trading risks to investors. The broker's website content and design are highly similar to that of Golden Path, suggesting the use of the same template. Currently, Gaman is marked as "suspected scam" on Traderknows.
