GALLANT CAPITAL MARKETS RATING -OVERALL SCORE {63.3%} (?)

 

GCMFX is an STP Forex broker based in British Virginia Islands and United Kingdom. Gallant Capital Markets is regulated by the Financial Services Commission (FSC BVI) and audited by Deloitte & Touche. GCMFX partner with liquidity providers such as Citibank and Cantor Fitzgerald.

Deposit Requirements: 250 USD

Funding: Cards | Bank Wire | Neteller | Skrill | WebMoney

Platforms: MetaTrader4 | Signal Trader | MT4 Mobile Traders

Customer Support: English | Spanish | Chinese

» GCMFX Website

Chart: GCMFX Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a very good rating as concerns GCMFX 'Trading Options', but a very low score as concerns the 'Safety of Funds'.

Chart: GCMFX Special Ratings

GALLANT (GCMFX) RATING SUMMARY

The following table contains GCMFX's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • GALLANT CAPITAL MARKETS FUNDS SAFETY
27.9%
  • GALLANT CAPITAL MARKETS TRANSACTION COST
62.5%
  • GALLANT CAPITAL MARKETS TRADING OPTIONS AVAILABLE
78.6%
  • GALLANT CAPITAL MARKETS TECHNOLOGY
100.0%
  • OVERALL RATING
63.3%
TRADING EXPERIENCE  
  • GALLANT CAPITAL MARKETS FOR FOREX BEGINNERS
64.1%
  • GALLANT CAPITAL MARKETS FOR ADVANCED FOREX TRADERS
60.0%
  • GALLANT CAPITAL MARKETS FOR PROFESSIONAL FOREX TRADERS
58.9%
TRADING STYLE  
  • GALLANT CAPITAL MARKETS FOR INTRADAY TRADERS
63.5%
  • GALLANT CAPITAL MARKETS FOR SWING TRADERS (MID-TERM)
66.8%
  • GALLANT CAPITAL MARKETS FOR CARRY TRADERS (LONG-TERM)
33.7%

GALLANT CAPITAL MARKETS BASIC RATING REVIEW 

GALLANT RATING ANALYSIS    
GALLANT TOTAL RATING   100.0% GCMFX FULL ANALYSIS
      63.30%  
A. GALLANT  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 7.80% Rating the GCMFX Safety
A.1 GCMFX License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 1.00% Gallant is regulated by FSC (BVI) = 1.0% rating
A.2 GCMFX Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 0.00% GCMFX offers no client compensation (in case of insolvency) = 0.0% rating
A.3 GCMFX Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 0.00% GCMFX maintains headquarters in BVI = 0.0% rating
A.4 GCMFX Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 4.00% GCMFX was found in 2008 (5-10 years) = 4.0% rating
A.5 GCMFX Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% GCMFX provides client bank segregated accounts = 2.5%
A.6 GCMFX Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.30% GCMFX ForexPeaceArmy Rating is 3.0/5.0 = 0.3% rating
A.7 (+) GCMFX ADJUSTING RESULTS        
A.7.1 GCMFX Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% GCMFX handles less than 250,000 accounts = 0% Rating
B. GALLANT TRANSACTION COST MAX WEIGHT→ 28.0% 17.50% Rating the GCMFX Transaction Cost
B.1 GCMFX spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 3.00% Typical GCMFX EURUSD spread is 1.5 pip = 3.0%
B.2 GCMFX spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical GCMFX GBPUSD spread is 1.9 pips = 2.0%
B.3 GCMFX spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical GCMFX USDJPY spread is 1.9 pips = 2.0%
B.4 GCMFX Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% No commissions charged (tested on Standars Account Type) = 7.0%
B.5 GCMFX Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0%  0.0% GCMFX rollover's total cost is more than $6.0, rating = 0.00%
B.6 GCMFX Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 1.00% Fees only via bank wire withdrawal ($24), the other methods are free of charge (50% of total rating) = 1.0%
B.7 GCMFX Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% GCMFX does not charge Inactive Fees  = 1.0% rating
B.8 (+) GCMFX ADJUSTING RESULTS        
B.8.1 GCMFX Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 1.50% STP Order Execution Model = +1.5% rating
C. GALLANT TRADING OPTIONS MAX WEIGHT→ 28.0% 22.00% Rating the GCMFX Options for Traders
C.1 GCMFX Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% GCMFX Provides 46 Forex Pairs = 8.0% rating
C.2 GCMFX CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% GCMFX offers CFD trading = 2.5% rating
C.3 GCMFX CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% GCMFX Offers CFDs on Futures = 1.5% rating
C.4 GCMFX Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% GCMFX Provides a free Demo/Practice account = 2.0% rating
C.5 GCMFX Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 400:1 max Trading Leverage = 1.0% rating
C.6 GCMFX Bonus/Rebate Promotions   5.0%    
C.6.1 GCMFX Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   1.00% 10% Welcome Bonus (Withdrawable, 5 lots for every $1 of bonus) = 1.5% rating
C.6.2 GCMFX Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% GCMFX Offers no trade rebates = 0% rating
C.7 GCMFX Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.50% The min. deposit amount is $250 = 1.5% rating
C.8 GCMFX Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.00% GCMFX offers 4 deposit methods (Bank Wire, Cards, Skrill, Neteller)= 2.0% rating
C.9 GCMFX Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.00% GCMFX offers 4 withdrawal methods (Bank Wire, Cards, Skrill, Neteller)= 2.0% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.50% GCMFX offers 3 pips minimum stop-out order distance = 0.50% rating
C.11 (+) GCMFX ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 46 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 GCMFX Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% No= +0.0% rating
D. GALLANT TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the GCMFX Technological Efficiency
D.1 GCMFX Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% GCMFX offers MT4, MT4 Web and TradeCopier = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% GCMFX is offering 'Trading-On-Charts' = 1.0% rating
D.3 GCMFX Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.50% GCMFX Slippage on execution is less than 1.5 pip = 0.5% rating
D.4 GCMFX Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% GCMFX allows automated trading = 2.0% rating
D.5 GCMFX MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% GCMFX offers the MT4 platform = 2.0% rating
D.6 GCMFX Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% GCMFX offers an App for iPhone and Android = 2.0% rating
D.7 GCMFX Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% GCMFX allows both Scalping and Hedging = 1.0% rating
D.8 GCMFX Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.50% GCMFX offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat, Callback = 3.5% | Total rating is 3.5%
D.9 (+) GCMFX ADJUSTING RESULTS        
D.9.1 GCMFX PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% GCMFX is offering MAM accounts = +0.5%
D.9.2 GCMFX Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% GCMFX is offering a free VPS hosting for all clients = +0.5%
D.9.3 GCMFX API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% GCMFX Standard FIX Protocol or API = +0.5%
    TOTAL GALLANT RATING 63.30%  

GALLANT CAPITAL MARKETS LICENSES AND LEGAL INFORMATION

■ GCMFX is the trading name of Gallant Capital Markets, Ltd based in British Virginia Islands

■ GCMFX is regulated by FSC (BVI), Registration Number: SIBA/L/11/0964

 

 

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