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Gallant FX

About Company

Overview

Information

Review

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 ?

News

TrustFinance Intelligence Agency

Research date: May 14, 2025

Gallant Capital Markets, also known as GCMFX, has filed for bankruptcy protection under Chapter 11 in the US Bankruptcy Court for the Eastern District of New York. The firm, regulated by the British Virgin Islands Financial Services Commission, announced its voluntary filing on April 14, 2017, nearly three years after being acquired by WSM Invest Ltd, a New Zealand-based company. At the time of acquisition, Gallant was valued between $10.5 million and $14.5 million. The firm was notable for being the first to acquire a license from the BVI's Financial Services Commission.

Gallant Capital Markets, also known as GCMFX, has filed for bankruptcy protection under Chapter 11 in the US Bankruptcy Court for the Eastern District of New York. The firm, regulated by the British Virgin Islands Financial Services Commission, announced its voluntary filing on April 14, 2017, nearly three years after being acquired by WSM Invest Ltd, a New Zealand-based company. At the time of acquisition, Gallant was valued between $10.5 million and $14.5 million. The firm was notable for being the first to acquire a license from the BVI's Financial Services Commission.

The article discusses the bankruptcy case of Avenica Inc., which is shifting from Chapter 11 to Chapter 7 due to the lack of assets. Avenica provided support to FX broker Gallant Capital Markets, which also filed for bankruptcy. The trustee, Esther DuVal, will present a proposed order for this conversion on January 8, 2021. The article outlines the differences between Chapter 11 (reorganization) and Chapter 7 (liquidation) bankruptcies, and mentions ongoing related cases involving Gallant Capital Markets.

The article discusses the bankruptcy case of Avenica Inc., which is shifting from Chapter 11 to Chapter 7 due to the lack of assets. Avenica provided support to FX broker Gallant Capital Markets, which also filed for bankruptcy. The trustee, Esther DuVal, will present a proposed order for this conversion on January 8, 2021. The article outlines the differences between Chapter 11 (reorganization) and Chapter 7 (liquidation) bankruptcies, and mentions ongoing related cases involving Gallant Capital Markets.

AFX Capital Markets Ltd has rejected accusations of acting in bad faith after failing to meet settlement conditions set by Esther DuVal, the Chapter 11 trustee. DuVal is seeking sanctions and fees against AFX for alleged manipulative strategies in failing to comply with a stipulated settlement. AFX's lawyers claim the sanctions motion lacks merit, arguing that the trustee had the right to resume litigation due to AFX's default. AFX's failure to meet a $230,000 deposit requirement is attributed to a suspension of its license in Cyprus. A hearing is scheduled for October 24, where a judgment against AFX is being sought.

AFX Capital Markets Ltd has rejected accusations of acting in bad faith after failing to meet settlement conditions set by Esther DuVal, the Chapter 11 trustee. DuVal is seeking sanctions and fees against AFX for alleged manipulative strategies in failing to comply with a stipulated settlement. AFX's lawyers claim the sanctions motion lacks merit, arguing that the trustee had the right to resume litigation due to AFX's default. AFX's failure to meet a $230,000 deposit requirement is attributed to a suspension of its license in Cyprus. A hearing is scheduled for October 24, where a judgment against AFX is being sought.

The FNG website covers news related to Forex, CFDs, and cryptocurrency trading. Recent highlights include the delayed lawsuit against AFX Capital Markets, which has not progressed for over two years. The UK Financial Services Compensation Scheme is now accepting claims from AFX Markets Ltd customers, while claims against AFX Capital Markets Ltd are not covered. The website also features updates on other trading firms and industry developments.

The FNG website covers news related to Forex, CFDs, and cryptocurrency trading. Recent highlights include the delayed lawsuit against AFX Capital Markets, which has not progressed for over two years. The UK Financial Services Compensation Scheme is now accepting claims from AFX Markets Ltd customers, while claims against AFX Capital Markets Ltd are not covered. The website also features updates on other trading firms and industry developments.

GCM Prime, now rebranded as EC Markets, resumed operations in 2022 after closing in 2017. The FCA-registered brokerage generated an annual turnover of $187,000 but reported significant losses, with an operating loss of $660,140. The company incurred higher administrative expenses and ended the year with a net loss of $659,579. EC Markets offers margin spot forex and has offshore licenses for broader services, including cryptocurrency CFDs.

GCM Prime, now rebranded as EC Markets, resumed operations in 2022 after closing in 2017. The FCA-registered brokerage generated an annual turnover of $187,000 but reported significant losses, with an operating loss of $660,140. The company incurred higher administrative expenses and ended the year with a net loss of $659,579. EC Markets offers margin spot forex and has offshore licenses for broader services, including cryptocurrency CFDs.

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