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Forex

Liquidity Provider

Gallant FX

About Company

Overview

Information

Review

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Unproved

Unproved

Gallant FX

Founded in :

N/A

2008 (17 Years)

9 Reviews

Average

2.83/5

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Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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Security Information

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

Close

Mar 12, 2024

This broker is closed.

News

TrustFinance Intelligence Agency

Research date: May 28, 2025

Gallant Capital Markets, also known as GCMFX, has filed for bankruptcy protection in the US Bankruptcy Court for the Eastern District of New York. The firm, which was acquired by New Zealand's WSM Invest Ltd in 2014, filed voluntarily under chapter 11 of the US Bankruptcy code. The announcement was made on April 14, 2017, and comes just under three years after the acquisition. At the time of acquisition, Gallant Capital Markets was valued between $10.5 million and $14.5 million and was the first firm to obtain a license from the British Virgin Islands' Financial Services Commission.

Gallant Capital Markets, also known as GCMFX, has filed for bankruptcy protection in the US Bankruptcy Court for the Eastern District of New York. The firm, which was acquired by New Zealand's WSM Invest Ltd in 2014, filed voluntarily under chapter 11 of the US Bankruptcy code. The announcement was made on April 14, 2017, and comes just under three years after the acquisition. At the time of acquisition, Gallant Capital Markets was valued between $10.5 million and $14.5 million and was the first firm to obtain a license from the British Virgin Islands' Financial Services Commission.

FNG reports that former Nasdaq Futures Exchange CEO Rick Beaman has joined Gallant Exchange as its new President. Gallant Exchange is focused on trading in Athlete Coins, which allow fans to trade the 'value' of athletes through crypto-created coins. The platform aims to provide direct investment opportunities by tokenizing athletes' contracts and offers various trading competitions and prizes for users. The exchange operates as an offshore company in Saint Vincent and the Grenadines.

FNG reports that former Nasdaq Futures Exchange CEO Rick Beaman has joined Gallant Exchange as its new President. Gallant Exchange is focused on trading in Athlete Coins, which allow fans to trade the 'value' of athletes through crypto-created coins. The platform aims to provide direct investment opportunities by tokenizing athletes' contracts and offers various trading competitions and prizes for users. The exchange operates as an offshore company in Saint Vincent and the Grenadines.

AFX Capital Markets Ltd has rejected accusations of bad faith after failing to meet settlement conditions with Esther DuVal, the Chapter 11 trustee. DuVal is seeking sanctions against AFX for alleged manipulative strategies and non-compliance with a stipulation to settle claims for $830,000. AFX's inability to complete the settlement is attributed to the suspension of its license in Cyprus. A hearing is scheduled for October 24, where DuVal seeks a judgment against the AFX defendants.

AFX Capital Markets Ltd has rejected accusations of bad faith after failing to meet settlement conditions with Esther DuVal, the Chapter 11 trustee. DuVal is seeking sanctions against AFX for alleged manipulative strategies and non-compliance with a stipulation to settle claims for $830,000. AFX's inability to complete the settlement is attributed to the suspension of its license in Cyprus. A hearing is scheduled for October 24, where DuVal seeks a judgment against the AFX defendants.

The New York Eastern Bankruptcy Court has delayed the adversary proceedings against AFX Capital Markets, with the next hearing scheduled for July 28, 2022. The case involves allegations that AFX unlawfully withdrew funds from a Gallant Capital Markets account. Despite no progress in the US, the UK Financial Services Compensation Scheme is processing claims for customers of AFX Markets Ltd. However, FSCS protection does not cover claims against AFX Capital Markets Ltd, which is regulated by CySEC.

The New York Eastern Bankruptcy Court has delayed the adversary proceedings against AFX Capital Markets, with the next hearing scheduled for July 28, 2022. The case involves allegations that AFX unlawfully withdrew funds from a Gallant Capital Markets account. Despite no progress in the US, the UK Financial Services Compensation Scheme is processing claims for customers of AFX Markets Ltd. However, FSCS protection does not cover claims against AFX Capital Markets Ltd, which is regulated by CySEC.

EC Markets Group Limited, formerly known as GCM Prime, has resumed operations after being acquired and rebranded. In 2022, the brokerage generated an annual turnover of $187,000 but reported an operating loss of $660,140. EC Markets operates under FCA licensing and offers forex trading and CFDs, including cryptocurrency. The company faced significant losses in previous years, leading to its insolvency in 2017 before being acquired by Xiaoliang Lyu.

EC Markets Group Limited, formerly known as GCM Prime, has resumed operations after being acquired and rebranded. In 2022, the brokerage generated an annual turnover of $187,000 but reported an operating loss of $660,140. EC Markets operates under FCA licensing and offers forex trading and CFDs, including cryptocurrency. The company faced significant losses in previous years, leading to its insolvency in 2017 before being acquired by Xiaoliang Lyu.

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Reviews

Highlight Review

Review Analytic

Cryptop1

Direct review

Excellent

Overall Thought

Gallant FX advanced trading tools and charting features have helped me make informed trading decisions. I appreciate their prompt customer support, always ready to assist with any issues. I have really found a reliable and trustworthy platform that meets all my forex trading needs. Therefore I highly recommend it to anyone that want to make it big as a trader.

Jun 7, 2023

mohammad

Direct review

Bad

Overall Thought

It’s a complete mess out here, I lost eveything they have no human empathy all. lure you into investing which I put in just over 5000, I requested a withdrawal but have yet to receive an approval. When I called their customer service, they said they will look into it. Keep away and avoid trading here. Nonetheless, I'm thrilled and grateful that I found a reliable company like benarmstrong-trades. com which I’m earning from, another poor thing about Gallant Fx is the limited trading features/bots

Apr 18, 2023

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Gallant FX

Reviews

| Total 9

Reviews

| Total 9

AI Review analysis

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Francisco Matthew

Direct review Dot icon

15 Aug

Overall Thought

Excellent

Gallant FX stands as the best amongst the rest in the game, I highly recommend

Jesuyemi Olusoji

Direct review Dot icon

22 Jul

Overall Thought

Excellent

I am always happy trading using Gallant FX. This platform is the best seen so far. User friendly, good customer care service. Good project

Author101

Direct review Dot icon

8 Jun

Overall Thought

Excellent

I have been so happy and totally satisfied with Gallant-FX, because they are doing a great job, when it comes to satisfaction.

Cryptop1

Direct review Dot icon

7 Jun

Overall Thought

Excellent

Gallant FX advanced trading tools and charting features have helped me make informed trading decisions. I appreciate their prompt customer support, always ready to assist with any issues. I have really found a reliable and trustworthy platform that meets all my forex trading needs. Therefore I highly recommend it to anyone that want to make it big as a trader.

mohammad

Direct review Dot icon

18 Apr

Overall Thought

Bad

It’s a complete mess out here, I lost eveything they have no human empathy all. lure you into investing which I put in just over 5000, I requested a withdrawal but have yet to receive an approval. When I called their customer service, they said they will look into it. Keep away and avoid trading here. Nonetheless, I'm thrilled and grateful that I found a reliable company like benarmstrong-trades. com which I’m earning from, another poor thing about Gallant Fx is the limited trading features/bots