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Gallant Capital Markets Review

Gallant Capital Markets rating: 8 votes, average: 3.75 out of 58 votes, average: 3.75 out of 58 votes, average: 3.75 out of 58 votes, average: 3.75 out of 58 votes, average: 3.75 out of 5 (8 votes, average: 3.75 out of 5, rated)
Write your own review of Gallant Capital Markets

gallant capital marketsGallant Capital Markets , Ltd. is located in Tortola in the British Virgin Islands and has been online since 2008.It is one of the successful new generation forex brokers that are out there in the marketplace.

Company’s Market Position

Gallant Capital Markets prides itself as a Foreign Exchange liquidity provider through its linkages with other large forex players like Bank of America, UBS, Barclays, Baxter, Dresdner, Integral, FX Inside, ACT Forex, Currenex and Deutch Bank. Therefore when you trade forex with Gallant Capital Markets, you can take advantage of absolutely transparent real-time pricing of forex currencies. In other words what you get with Gallant Capital Markets is a unique Forex Trading environment which gives you the same professional liquidity, execution and trading functionality that usually only inter bank traders get.

Gallant Capital Markets is registered as a Commodity Trading Advisor or CTA. It does consulting on general market enquiries and also provides Advisory and Development Services to Institutional Money Managers in the forex domain.

Types of Services Offered

The Micro account is suitable for beginners with a minimum deposit of $250. Trade 47 currency pairs, STP, 1:400 leverage, free VPS and the ability to have your account based in a variety of currencies. If this all sounds good to you, make sure to open a Micro account today.The Standard account is suited for intermediate and advanced traders who deposit at least $2,500. Features include 47 currency pars, choice of account denomination, personal account manager and much more.
The Pro account is for advanced traders who are high net worth individuals that deposit $50,000 or more. You can benefit from the following features: 47 currency pairs, Gold & Silver, 100:1 leverage, free VPS and a personal dealer.
On major currency pairs the spreads typically varies between 0.5 to 2 pips, and remember these are variable spreads. For example the typical spreads of EURO/USD is just 0.3 pips in normal market conditions and the same narrow spreads are applicable to both the micro and standard accounts. Apart from spreads Gallant Capitals Markets does not charge any commission. The maximum leverage offered by Gallant Capitals Market is up to 400:1. You could deposit your money into the Gallant Capital Markets trading account or withdraw it by either wire transfer or check.
Gallant Capital Markets also has the facility of providing you with Managed Forex Accounts. They even have provision for Islamic non-interest bearing accounts.

Trading Platform

The Gallant Capital Markets trading platform is MT4. Now when we talk of Meta Trader platform you ought to know what Meta Trader exactly means. MetaTrader is an online trading platform developed by MetaQuotes Software Corp. This platform is meant for brokers dealing with Forex, CFD, and Futures markets. Individual brokers like Gallant Capital Markets who provide this platform customize it with their plug-ins as for example integrating it with their back office and dealing desks. There is now over 50 brokerage companies and banks worldwide who use Meta Trader platform. Its robust charting and scripting capabilities has made MetaTrader a hit with forex brokers and traders.
All you got to do is download the Gallant Capital Markets trading software and install it in your computer and you are ready for trading. With Gallant Capital Markets platform you always get 24/7 Secured access to your Metatrader Account through company monitored servers. In addition you also get dedicated forex specialists available always for support. If you require iPhone Support, Gallant Capital Markets has that option too.
Gallant Capital Markets allows simple upload of Expert Advisor software to assist you in your trading activity. Additionally, Gallant Capital Markets provides free hosting of your Expert Advisors software in their servers, so they can have better connection and uptime, as opposed to running them on your own computer. So all you need is your own internet connection and a computer, to directly access your own dedicated MetaTrader platform. As a matter of fact the hosting of your Expert Advisors and Automated Scripting is an additional option that does not entail extra costs for you.
The Gallant Capital Markets platform provides email alerts, support of various timeframes (from minutes up to months), large number of technical indicators and line studies and also a multi language program interface. That apart, you also have the facility of getting to know the signals of trading systems you may be using and of course the trading history on a day to day basis. You also can get real-time news from the financial markets and you could print out charts and completed trading transaction statements as you wish.
Gallant Capital Markets has a provision for giving you a demo version of the platform for honing your trading skills.

Trader Support

Their support services are fine and you could get in touch with them by fax, email or regular mail or you could telephone them or have a “live person” chat. Emails are answered within a few hours. “Live chat” is only available during regular East Coast business hours which is 9am to 6pm on weekdays and that is a bit on the downside.
They have provided a direction map at their site which shows the way to get to their offices, and the address is mentioned as Nemours Chambers Road Town, Tortola, in British Virgin Islands

Advantages

1. Setting up an account with them is simple and doesn’t take much time.
2. They have fairly good tutorials on the working of Forex markets.
3. Hedging is possible using the Gallant Capital Markets platform.
4. The Gallant Capital Markets staff is savvy and experienced in forex trading and knows the forex markets well.
5. The Gallant Capital Markets site can be viewed in Spanish, French, Japanese, Chinese, German, Portuguese, Italian, Russian and many other languages.
6. If you know Meta Quotes Language 4 (which is a programming language) then you could create your custom indicators and scripts and run it alongside the Gallant Capital Markets trading platform to help you in your trading activity.
7. With them you could get a Free Virtual Private Server for Metatrader hosting when you open a forex trading account.

Disadvantages

Although their EUR/USD spreads are stable during normal market hours but at times large moves in spreads takes place. When this happens, and if you are using an Expert Advisor robot it may simply not work properly.

Write your own review of Gallant Capital Markets

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6 Comments»

Comment by Mike
2009-06-22 04:35:24

Gallant FX is no longer registered with the NFA – they are now working with an SEC registered RIA) so they can allow hedging as opposed to NFA firms ;)

Mike ratings for this post: Mike gives a rating of 4Mike gives a rating of 4Mike gives a rating of 4Mike gives a rating of 4Mike gives a rating of 4
 
Comment by hudson
2009-07-14 12:40:34

Gallant gives me good service and prompt response to email queries. My EA doesn’t seem to work with gallant especially when conditions are moving fast.Otherwise it suits my style. Hedging is possible so that’s plus for me.Besides MT4 is functionally very efficient with very good tutorials as well.But there may be a problem with spreads when you trade outside peak trading hours.

hudson ratings for this post: hudson gives a rating of 3hudson gives a rating of 3hudson gives a rating of 3hudson gives a rating of 3hudson gives a rating of 3
 
Comment by croft
2009-08-22 12:58:28

Meta Trader platform is what you get with gallant fx. I first download the Gallant Fx trading software and installed it in my computer without any complication whatsoever. So setting up the account was not cumbersome, and their tutorials helped a lot in understanding the platform, as it was my first experience with the high quality meta trader.

Besides I could do the usual things and much more with gallant fx. For example, I could do hedging, and the charting was top class. Importantly I could run my EA’s comfortably with the platform, and not only that, I got a free virtual private server, when I opened a forex trader account with them. I guess the latter is what facilitated easy upload of my EA to run parallel with the gallant fx platform. I started with $ 100 account, got spreads up to 2 pips, and a maximum leverage of 400:1.

What’s probably best with gallant fx is the EUR/USD spreads which is just 0.3 pips. And this applies to both the micro and standard accounts. If you want a managed account, you can count on that option with gallant fx. If you want iPhone support, you could ask for that too!!

croft ratings for this post: croft gives a rating of 3croft gives a rating of 3croft gives a rating of 3croft gives a rating of 3croft gives a rating of 3
 
Comment by selma
2009-08-25 12:38:00

EA’s sometimes don’t seem to work with them.

selma ratings for this post: selma gives a rating of 3selma gives a rating of 3selma gives a rating of 3selma gives a rating of 3selma gives a rating of 3
 
Comment by Dean
2009-09-15 21:02:58

Iv lost alot of money with these guys more then my other 2 brokers combined. Something is mad wrong with them I closed my account.

Dean did not rate this post.
 
Comment by Bob
2009-09-30 16:52:23

I love these guys!
I get great support and personal hand-holding with each call I place to them about metatrader questions or how to work the VPS(however their live chat isn’t always on)
I highly recommend opening your forex account with Gallant.

Bob did not rate this post.
 
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