Editor’s Verdict
Overview
Review
Headquarters | British Virgin Islands |
|---|---|
Regulators | FSA |
Year Established | 2008 |
Execution Type(s) | No Dealing Desk |
Minimum Deposit | $250 |
Trading Platform(s) | MetaTrader 4, Proprietary platform |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Gallant Capital Markets, founded in 2008, is a global leader in online trading, specializing in Forex trading for both private and institutional clientele. It maintains offices in the British Virgin Islands and the United Kingdom. Gallant Capital Markets operates as a No Dealing Desk broker and it is regulated by the Financial Services Commission (FSC) in the British Virgin Islands. The FSC is the lone supervisory and regulatory authority for investment services in the territory.
Accounts
Gallant Capital Markets offers three different accounts. The Micro account has a minimum deposit requirement of $250, the Standard account requires a $2500 to start and $10,000 is needed to open the Pro account.
Account Types
The spread on the Micro account starts at 2.0 pips, the Standard at 1.5 pips and the Pro begins at 1.0 pips.
All three accounts use the MetaTrader4 platform, benefit from leverage of up to 1:400 and can be traded in USD, EUR, GBP, AUD, CAD, CHF, JPY currencies. The minimum trade size for each account is 0.01 lots and free VSP is available for all three.
I was pleased to see that there was a demo account available to newbie traders. They can use this account to practice their trades for 90 days before moving over to a live account.
Features
Gallant Capital Markets offers free MetaTrader VPS Hosting which is ideal for traders who wish to run their MT4 EAs during trading hours without relying on their own computers or Internet connection.
In order to qualify for Free Hosting with Gallant Cloud, traders are required to maintain a minimum balance of $500 in a respective trading account. To maintain access, traders must execute at least 1 standard lot or the equivalent per calendar month, while maintaining the minimum balance requirement.
The STP/DMA Transparent Dealing feature gives traders the opportunity to compete for the best prices. After an order has been received, liquidity providers compete to offer their best prices for the order execution. The prices are 100% transparent and can be disclosed at any time. The top prices are identified and executed.
The Gallant MetaTrader 4 trade servers are located in the Equinix NY4 Data Center in New York. They provide customers with the fastest possible execution speeds. As a result, Gallant customers benefit from superior low-latency trading with an average matching speed of 3 milliseconds in over 45 currency pairs.
Signaltrader is an auto-trading solution that allows traders to copy experts’ trades. All traders are evaluated before they are accepted as a signal provider.
Signaltrader Performance
This differs only slightly from the Gallant Trade Copier which is a system that allows experienced leaders to make trades, and allow any investor to instantaneously copy their market moves. These leaders can advertise themselves to thousands of investors in the Gallant Leader Lounge where they can even provide traders with a history of their trading style and preferred currency pairs.
Additional trading tools offered by this broker include the following: Instant Strips which instantly opens a buy order without a confirmation; the Gallant Pivot Points Tool which is a custom Indicator designed as a tool to make trading more streamlined and efficient by utilizing technology to automate intricate tasks. The function of this tool is to automatically measure support and resistance lines on any currency and plot them on a chart.
The Mass Close Tool is a custom Expert Advisor (EA) that allows the trader to set a target equity profit and a target equity loss. If either of these levels is reached, then the EA closes all open trades to lock in that equity level. A status display monitors all activity.
Bonuses/Promotions
At the time of this review, there was a $2500 deposit bonus for anyone signing up for Signaltrader.
In addition there were smaller bonuses for each of the trading accounts.
I was disappointed that there were no additional bonuses or promotions provided.
Education
Gallant Capital Markets puts out its own brochures on a number of different topics. News is posted on the site and there is an economic calendar that lists events taking place across the globe. There is also a MetaTrader4 history center that shows the history of prices on all currency pairs.
Several tutorial videos are available that provide basic instruction on Forex trading. In addition, there is a complete online trading handbook.
Deposits/Withdrawals
Funding accounts can be made by wire transfers, credit cards and online payment programs such as Neteller, Skrill and others.
Withdrawals are made using the same methods.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/6 |
Website Languages |    |
Traders can contact a Gallant Capital Markets representative by email or telephone to offices in the BVI, UK, Australia, China, Argentina, Japan, Malaysia or Canada. Requests for call back are accepted and Chat is available 24/6. Support is provided in English, Chinese and Spanish.
The website is available in English, Japanese, Chinese, Spanish, Russian and Arabic.
Conclusion
Gallant Capital Markets gives traders a quick and easy trading experience by offering a unique user interface. The fact that they are a STP (Straight through Processing) broker provides traders with favorable trading conditions and features that are simple to follow and can greatly benefit their trading abilities.
Features
Gallant Capital Markets is one of the world’s leading providers of Forex trading technologies and services to both private and institutional traders. By utilizing a powerful trading platform, traders gain access to the broker’s proprietary Straight through Processing technology, excellent liquidity, world-class customer service, and a broad suite of advanced trading tools. I would have liked to see additional bonuses or promotion over and above their deposit bonus.
Platforms
MetaTrader 4
Gallant offers the standard MetaTrader 4 trading platform, just like its competitors. No matter if a trader opens a Practice account or any other account he or she has access to the MT4 which is one of the most popular Forex trading platforms today. The MT4 platform has all the necessary trading tools and resources allowing traders to conduct research and analysis, enter and exit trades, and even use third-party automated trading software.
Gallant Capital Markets' MetaTrader 4
Mobile MT4
Traders also have the benefit of Gallant Mobile Trading via regular Smartphone phone, Android, iPhone, iPad and Blackberry. Traders can trade on the go – anytime, anywhere.
Gallant Cloud
Traders can use the MetaTrader VPS Hosting with Gallant Cloud, which is ideal for traders who wish to run their MT4 EAs 24/6 during trading hours, without relying on their own computers or Internet connection.
The Gallant Cloud VPS Mobile
The Gallant Cloud VPS Mobile Platform contains all of the functionality of the Client Terminal with the added ability to trade on the go. It is compatible with iPhone, iPad, Android, Symbian, BlackBerry, and Windows.
Gallant recommends using the Wyse Pocket Cloud to enable mobile access on the iPhone. It can be downloaded from App Store.
Trading Platform
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |