Note: Gallant Finance is to operate via the website - https://www.gallantfinance.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
Gallant Finance is allegedly a Forex Broker registered in the United Kingdom, claiming to offer Forex Trading services with leverage up to 1:200 and variable spreads from 0.3 pips on the MetaTrader4, MT4 Mobile and Web trading platforms via four different live account types, as well as 24/6 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Gallant Finance does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.78/10. Please be aware of the risk.
Market Instruments
Gallant Finance advertises that it offers the trade of Forex pairs, CFDs on spot metals, commodities, indices, stocks and cryptocurrencies.
Account Types
Apart from demo accounts, Gallant Finance claims to offer four types of trading accounts, namely Bronze, Silver, Gold and Gallant. The minimum initial deposit amount is $100 for the Bronze account, while the other three account types have much higher minimum initial capital requirements of $1,000, $10,000 and $100,000 respectively.
Leverage
The default leverage at Gallant Finance is 1: 200 but this ratio may show flexibility on your request. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
All spreads with Gallant Finance are a floating type and scaled with the accounts offered. In the Bronze account type, spreads are fixed and 3 pips on EUR/USD. This is higher than the average spread of 1.5 pips. While clients on the Silver, Gold and Gallant accounts can enjoy tighter spreads from 2 pips, 1 pip and 0.3 pips separately.
Trading Platform Available
The platform available for trading at Gallant Finance is one of the most notable and preferred trading platforms the market offers - MetaTrader4, MT4 Mobile and Web trading platforms. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
With Gallant Finance you can deposit or withdraw funds with credit cards like Visa and MasterCard, bank wire or e-wallets, such as Skrill, Neteller, UpayCard and Moneynet. The minimum initial deposit requirement is said to be $100.
The withdrawal fee may apply. However, there is no information about how much the fee is and in which case the fee is applied. Its easy to get this information from transparent brokers.
As for deposits, money will be transferred to your account within 1 day, while withdrawal takes 5-10 days.
Customer Support
Gallant Finances customer support can be reached by telephone: +44 330 027 1568, email: support@gallantfinance.com. Company address: 3050 Corporate Centre, Kingstown, St. Vincent & The Grenadines.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
