Gallant Capital Markets

Gallant Capital Markets

Gallant Capital Markets - Forex Broker

Broker nameGallant Capital Markets
Company nameGallant Capital Markets
Online since2006-01-01
Site urlhttp://www.gcmfx.com
CountryBritish Virgin Islands
Minimum account size100.00
Minimum account size currencyUSD
Minimum position size0.010000
Maximum leverage400
Maximum leverage descriptionup to 1:400
Spread levellow
Spread description1.4 pips on EUR/USD
Is regulatedNO
Regulation descriptionUnregulated
Easy registrationYES
Votes count128
Rating3.60
Email

Please rate this broker


Advantages

  • MetaTrader 4 platform.
  • Free VPS hosting (for MT4 expert advisors) available for traders.

Disadvantages

  • No important disadvantages.

Payments

  • Credit cards
  • MoneyBookers
  • Wire transfer

Categories

Visit broker

19 Reviews

  1. Andy Babsin:

    I like this broker. I have been using them for a few months already. I use their free VPS and think this is great. I use two different EA’s. I did not have any problems to withdraw with them. I am curious about MYFX recently launched to MT4. Has any of you used it?

  2. Amanda:

    If you do not want to lose you money, you should not open an account with Gallant FX. Because of them I lost everything I deposited. I advise you to stick to regulated good broker. I have been contacted their CEO for many times but never got a reply. I am going to complain on them to CFTC. I can only wish them all to lose all of their money for what they did to us and for all those lies that told us.

  3. MT4Trading:

    I have three live accounts with this broker and I pretty satisfied with my cooperation with them. I am not sure what Susan means by her statement that she was charges for depositing with them. Of course they would. All brokers charge for depositing through wire transfer. This broker has non-Commission and Commission feeds. In case of Commission feed the spreads are really good. In fact, this is typical for all STP brokers. In case if you close your account, you will be charges with the fees for wire transfer by banks. This is up to you if you want to get check. This is why you can also deposit on your account with check. Their customer services are pretty decent. You can contact them by Skype, email or phone. This is a great STP broker and you can be sure that it will not trade against you.

  4. Susan:

    I do not think that this broker is worth recommendations. They tend to take lots of your money. You will be charge every time you deposit your money with them. You will be charge with high spread and commission. I can see that the results of what I get on demo account and what I get in my real account is different. I am pretty sure that they will charge me if I close my account. I hope someone will finally answer my request to open my account. There is no way to be properly serviced unless you pay them something. I do not suggest you to open your account with this broker.

  5. Roy Burks:

    I have been using an account with them for more than half a year. I have Gallant VPS and also use Sprint data card to provide the Internet connection for myself. So far, I did not meet any problems with them. I did have an issue just one time when they did some changes with their web based platform which caused some difficulties for my internet connection. I ask them for the help and everything was sorted out in just 30 minutes. I use EA with VPS and through my laptop. I have never had problems with them.

  6. Ted:

    I have been using their services for a long time and I am quite happy with them. Their customer support is great and fast. I am very happy with them. I think those Forex robots are very attractive to novice brokers. They do not have enough experience and it seem easier to them to use those “advisers.” They can also sometime take some recommendations and instruction wrongly.
    Please consider carefully your experience before your post some negative post as well as positive. It is really hard to be objective if we do not know what experience a posting person has.

    Best regards,
    Ted

    By the way their Straight Through Processing (STP) is just great!

  7. Mark:

    I have been using Gallant for trading for more than six months now. I have got even direct contact on their CEO. I really suggest you to first of all contact their representatives to clarify the things and only after to post your negative comments on forums. They have now a great website and they provide STP (Straight Through Processing). You do not have to afraid that they will trade against you.
    The VPS is the only one available currently which is 100% web-based.

    I agree with Jean from NEW York that they are not typical broker and I think this is great! You should trade with them to find out yourself.

  8. Liam:

    Can anyone tell anything about free VPS that they offer?

  9. Anthony:

    I am really surprised to see all those negative posts on this broker. I have been using them for many months and have never had many problems with them. I believe that all of those bad posts are made by the competitors.

  10. Rance:

    I am quite pessimistic about this broker as it is suggested by the following brokers, like NuuVoTek and FXTrading/FXTech Trading. Those two brokers have pretty negative reviews on them in press. So can I believe that a broker recommended by them can by any good? Those are surely not that much important as for instance FXCM or InterBank FX who can be considered two the most popular brokers.

  11. Norman:

    I have been staying with them for a month already and I can say that I did not have problems to withdraw my money with them. I could also get with them some profit.

  12. J.R.:

    Dear Jean from New York. If you could please give us more details on your post. Thanks you.

  13. Jean:

    I did pay those guys to visit their office and I am quite sure that they are not usual brokerage.

  14. jeff hutcher:

    “We are glad to know that Anthony closed his account and left us. We are not going to waste our time and effort to reply on his comment.” What is that? Is this really what they reply? This is way too arrogant. They obviously rude and if they do not care about their customer leaving, they will not be able to remain for a long time in that business. I do care of my money, and I am not going to trust them to this company.

  15. David Julseth:

    This is bad broker!

  16. Avi:

    The GallantFX VPS is a constant problem to me. I have tried to use it for several times but just could not make it to work perfectly. Anyway, one of the biggest issues that I am trying to put your attention is actually spread on EUR/USD. I know what liquidity means and but I think that way it goes is too much. Their spread can jump to more than 3 pips spread, when I was running my EA.
    I think maybe this broker does not like certain EAs. I am not quite sure about them. I have got to make a decision whether I am staying with them and in this case I will need to make a bigger deposit on my account. I am quite concern about their spreads. In my opinion they are very high.

    There is also another thing that I am worried about.
    I dislike the thing that they can only offer a mini or a standard account. If you use their mini account you cannot trade in fractions, for instance 1.1 or 1.5 but you can only get something like this 1.0, 0.2, 0.3, etc. Knowing and considering the all mentioned above, I must say that I am really thinking of finding another broker which is able to provide for me better conditions.
    I have been trading with other brokers, like IBFX.com and I can say that their spreads are pretty consistent of about 2 pips. I have no idea why Gallant will not hold the good spread. I am a newbie in Forex and maybe there are things that I do not get in here. As to other matters, I have not had problems to withdraw with them and this is pretty good, I can only hope that I will not have such a problem in the future.
    So far, I just hope that this broker will manage to make the thing better. As their slogan says
    “We domesticate the Foreign Exchange.” I think what his should mean is that they should be attentive to the guy with little money also as they are to the people with tight pockets.

  17. Aaron Cohn:

    Thanks God that Anthony manages to return his money. I used to trade with Alpari and Forex.com. After this I advised by Charles Floyd II from Fapwinner.com, to try out Gallant. So, I registered with them and deposited $10,000. I wanted to try to trade with them with EA. I must say that their EA works in a very different way that the one I used to use with other brokers. Their EA lead me to huge losses and small profit. So, as a result, I have lose about $2,000 and decided that I was fed up with their company. This is was only the beginning of my problems! I want to use their online form to require the money to withdraw, but it did not worked out as the quality of scan was really bad. This is why I decided to fax my documents to them. I sent them all the documents, although that was their form and I know that they should have my information in order to make a wire for me. I waited for three days and nothing happened. This is why I made a call to them at 09:30 ET. Some guy replied to me and said that another guy who is responsible for such things was not there. So, I called them in an hour. The guy called “Mike,” he told me that they did not get my financial information and this is why they cannot proceed the transfer for me. He also asked me why I decided to leave and I explained the reasons. I told him that I had been trying to contact their customer support regarding the problems and never gotten a reply. In his turn, he told me that they had some liquidity problems. This is why he asked to stay with them and give them another chance. I answered that I would think about his offer but I still wanted to get my money back. I sent all the financial information via email, as they wanted. My account was cleared up. Four days later, no money arrived on my account at a bank. I sent an email to Mike about that and did not get any answer.

    Today I sent it to an SEC complaint against Sunspot. I requested to also give me back those lost $2,000. This is why, Anthony, there are much worse things than those that you experienced with this broker.

  18. Gallant FX Admin:

    We are glad to know that Anthony closed his account and left us. We are not going to waste our time and effort to reply on his comment.

  19. Anthony Brown:

    GALLANT FX does not provide professional services!

    One time, I opened a live and demo account with this broker both for $5,000.
    I used their EA which I used on their VPS. I run my demo account on my own PC. On the first day I noticed that all my five trades were good in my demo account, but one of the trades was lost on my live account. I contacted their support but they did not find any problem. Please note, that nothing related to slippage or spread and other could be the reason. I was told to test the live account the next day and tell if there would be something wrong. So, I did. I tested it again and similar thing happened again.
    I made a profit on demo account of $100, but on my live account I ended up with the loss of $30. I decide to monitor the happening with the live account more closely and find out that there were often some connection problems. The connection could disappear for hours. The situation with connection on demo and live account was totally different. If trades on my demo account were closed with profits, the trades on my live account were closed with losses.

    This company is just unbelievable! I was even talking on the phone with them, seeing on my screen
    “No Connection.” That is embarrassing!

Leave a Review

*