GALLANT (GCMFX) Review
-GCMFX is out of business since 2018-
GCMFX SUMMARY
■ Foundation: GCMFX founded in 2008, online since 2009
■ Headquarters: GCMFX maintains headquarters in The British Virgin Islands and second offices in the United Kingdom
■ US Residents: GCMFX does not accept US traders –No-
■ Islamic Accounts: GCMFX provide Islamic Swap-Free Accounts –Yes-
■ Regulated: GCMFX is regulated by FSC (Mauritius), (SIBA/L/11/0964)
■ Account Segregation: Client funds are fully segregated -Yes-
■ Web-Site Languages: English, Arabic, Chinese, Japanese, Russian and Spanish
■ Customer Support: English, Spanish, Chinese
GCMFX TRADING INFO SUMMARY
■ Broker Type: STP Forex Broker (Liquidity providers include Citibank and Cantor Fitzgerald)
■ Platforms: MetaTrader4, Signal Trader, MT4 Mobile Traders for iOs and Android
■ Trading Time Zone: GMT
■ Demo Account: GCMFX is offering a Demo Account –Yes-
■ Typical Spread on EUR/USD: 0.9-1.4 pip
■ Leverage: Leverage at GCMFX is up to 1:400
■ Scalping /Hedging: are fully allowed at GCMFX –Yes-
■ Free VPS: Free VPS for traders maintaining a balance of 500+ USD and executing 1 Lot per calendar month -Yes-
■ Bonus Policy: GCMFX offers up to 25% welcome bonus and up to 2,500 USD. Enter Promo Code: DEPOSIT25 when completing your initial deposit to receive your bonus.
■ Minimum Account: $250
GCMFX ASSET INDEX
□ GCMFX is providing Forex, Stock Indices, Energies, and Precious Metals via CFD trading
TRADING PLATFORM & MOBILE
GCMFX TRADING PLATFORMS & MOBILE
GCMFX offers MetaTrader 4 for desktop (PC and MAC and for mobile devices (iOs, Android). GCMFX offers also a free VPS server.
■ MetaTrader-4, SignalTrader for Social Trading
■ Automated Trading and Hedging are allowed at GCMFX
■ Scalping / Hedging are fully allowed
■ Practice Account is available at GCMFX
■ Mobile Trading: GCMFX offers MT4 app for iPhone, iPad, and Android
■ Trading server: GMT
■ SignalTrader for Social Trading
- Select and copy from a wide base of trading experts
- Evaluate each signal provider
- Signal alerts are sent via e-mail
- View your account in real-time
- Detailed reports and statistics
- Intervene manually to the trades copied from every Expert
■ Equinix NY4 Data Center
The Gallant trade servers are located in the Equinix NY4 Data Center in New York. Therefore Gallant clients can benefit from low-latency trading with an average matching speed of 3 milliseconds in over 45 currency pairs.
■ Free VPS Hosting via Gallant MT4 Cloud
Free VPS for Forex traders running Expert Advisors on MT4, 24/6 during trading hours. Traders can use the free VPS as long as they maintain a minimum balance of 500 USD and execute minimum 1 standard lot per calendar month. Traders who do not meet these criteria will be charged $25.
NEW ACCOUNT INFORMATION
■ The minimum initial deposit required for opening an account is 500 USD.
■ Account Currencies: Euro, US Dollar, Swiss Franc, Australian dollar, Canadian dollar, Hong Kong dollar, Japanese Yen
GCMFX FUND METHODS
GCMFX Fund Methods:
■ Credit / Debit Cards
■ Bank Wire
■ MoneyBookers Skrill
■ Neteller
■ WebMoney
CONTACT INFORMATION
GCMFX is operated by Gallant Capital Markets Ltd. 3170 Nemours Chambers, Road Town, Tortola, VG 1110, British Virgin Islands
GCMFX Review Conclusions:
Gallant Capital Markets or GCMFX is an STP Forex broker found in 2008. It is based on British Virginia Islands but maintains also offices in the United Kingdom. Gallant Capital Markets, Ltd. is regulated by the Financial Services Commission (FSC) and audited by Deloitte & Touche. GCMFX client funds are fully segregated into special client bank accounts.
Gallant Capital Markets offers two main platforms the MetaTrader4 and the Signal-Trader platforms. There are also MT4 apps for iPhone and Android. The GCMFX asset index contains 44 Forex currencies plus, precious metals, energies, and stock indices. The maximum trading leverage can be up to 400:1.
Gallant Capital Markets offers tight spreads starting as low as 0.1 pips. The broker partners with large liquidity providers such as Citibank and Cantor Fitzgerald. There are three Account Types available. The Micro Account starts as low as $250, the Standard Account starts at $2,500 and the Pro Account starts at $10,000. In addition, there is a $50,000 practice account (30-day). Accounts can be funded using USD, EUR, GBP, CAD, AUD, CHF, JPY, and HKD. The fund methods include Cards, Wire, Neteller, Skrill, and WebMoney. Mini and Standard accounts are free of trading commissions. The Gallant Capital Markets customer support is provided via Phone, Live Chat, and email and it is available 24/5.
Free offerings include a 25% welcome bonus and a Free MetaTrader VPS Hosting via Gallant Cloud. In order to use the Free VPS Gallant traders need to maintain a $500 minimum balance and execute at least 1 lot per month. There is also a $100 gift for referring a friend and Free Education.
GCMFX REVIEW PROS & CONS (According to competition)
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GCMFX REVIEW CONCLUSIONS |
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GCMFX PROS |
GCMFX CONS |
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√ Segregated Client Accounts. Annual financial reports are audited by Deloitte Touche √ Trade Forex, Indices, Metals and Energies √ Tight trading spreads √ Scalping and Hedging are fully allowed √ Free VPS server for using EAa (Forex robots) √ Gallant servers are located in the Equinix NY4 Data Center in New York (low-latency trading) √ 25% welcome bonus |
X Regulated only by FSC (BVI)
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■ GCMFX Review
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