Is Gallant Finance a scam or a legit broker?

We advise our readers, do not use Gallant Finance as it is an offshore entity. Gallant Financend is owned by Allmedia LTD., which is an offshore company registered in St. Vincent and the Grenadine. 

Brokerz, TraderUR and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines."}" data-sheets-userformat="{"2":257,"3":{"1":0},"11":4}" data-sheets-hyperlinkruns="[null,224,"https://55brokers.com/forex-broker-reviews/"]{"1":231}[null,240,"https://55brokers.com/brokerz-review/"]{"1":247}[null,249,"https://55brokers.com/traderur-review/"]{"1":257}[null,285,"https://55brokers.com/forex-brokers-st-vincent-the-grenadines/"]{"1":301}">St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Brokerz, TraderUR and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

About Gallant Finance
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Gallant Finance safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Gallant Finance is an offshore Forex and CFD broker owned and operated by Allmedia LTD, based in St. Vincent and the Grenadines.

The registered address of the broker is also at St Vincent and the Grenadines, but they provide British contact phone numbers, which means they are targeting UK residents without being regulated there.

Moreover, the FCA has just issued a warning against Gallant Finance. The SVGFSA (Financial Services Authority of St Vincent and the Grenadines) is famous for its low capital requirements – you can open a forex broker, by having only USD 2,000 in the capital.

As a comparison, the United Kingdom’s Financial Conduct Authority (FCA), demands a minimum of EUR 125,000 for STP license. Find the list of FCA regulated brokers here.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about Gallant Finance. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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