My experience with now 3 live accounts with Gallant has always been good.

Most bank wires carry a hard cost from the banks. I am not sure what Susan means by "they charge you to put money in your account".

Gallant has both commission and non-commission feeds. Spreads are lower with a commission feed. That is the case with ALL STP brokers.

If you close an account, the only cost again are bank wire fees charged by the banks. You can also choose to receive a check.

For that matter, you can fund an account with a check as well.

Customer service is great. I can contact them by phone, email or skype.

I highly recommend Gallant as an STP broker that does not trade against clients like the market makers do.

I cannot recommend Gallant.

They take more than their fare share of your money.

They charge you to put money into the account. They take a commision as well as a spread. There is a difference in what I make on my trades in a

demo and on a live account making the same trades.

I am sure they will charge me money to close my acount, if I can get someone to answer my request to close my account.

Customer service is almost non existant unless it is putting money in their pocket. Donot use Gallant, you will have nothing but frustrations...

I've had GallantFX for almost 7 Months. I use a Sprint data card for my internet connection and I have The Gallant VPS also. I have had no problems

with them except when they changed over to web based and my Windows XP system had a problem connecting to the VPS. Their Techs worked remotely thru my computer and fix the problem in 30 minutes. I run EA's both on the VPS and thru my laptop and never have a problem.

I've been trading with these guys for many months now and have nothing but great success with them. No accounting issues, no problems at all. And I've always got pleasant and prompt support from them.

I think the "forex robot" industry has a way of attracting a lot of very novice traders who not out of malice, but out of inexperience, can often misunderstand certain issues when trading and end up pointing fingers in the wrong direction when things go wrong.

Just something to consider when reading any negative (or positive) reviews online. We never really know the experience level of the person making the comment.

regards,

Ted

P.S. And their straight through processing (STP) is awesome!

I have had an account with Gallant now for over 6 months and have direct contact with the CEO. My recommendation is to always go direct to the source rather than complaining on a forum.

Gallant now has a brand new site and unlike most other brokers they offer STP (Straight Through Processing). As a result, they do not trade against their clients.

The VPS is the only one of its kind available at this time that is 100% web-based.

As Jean from NY said, Gallant is NOT your typical broker and that is a GOOD thing!

Contact them and find out for yourself.

Does anyone have any input on the free vps that they give out to customers?

I'm amazed at how many questionable postings I see about Gallant - I've been with them for a number of months, and have no issues with with drawing money I made or getting support. I think most of the bad postings I've seen are competitors trying to take a few swings at them.

I am doing investigative due diligence on this broker because it was recommended by NuuVoTek (Holy Grail Auto Trade FXSystem) along with another broker (FXTrading/FXTech Trading), and what I am finding is a lot of "bad press" on both of these brokers, which leads me to believe that the whole bunch is in some sort of collaborative working arrangement. It sure doesn't give a person warm fuzzies like FXCM or InterBank FX who are two of the top two FX brokers.

I've been trading with them for a few months and had no problem when withdrawing funds I made on winning trades.

Jean from New York, could you elaborate a little on your post please.

Thanks.

I actually paid these guys a visit at their office - and they are NOT your typical fx brokerage.

"As we are happy to see Anthony close his account"? "his comments do not deserve the time and effort needed to defend our service"? Is that really the response from Gallant? That sounds pretty arrogant to someone trying to decide on a broker. If you don't care if a customer leaves, and their comments do not warrant response, I guess this broker is not the one which "deserves" my business. My money is important to me even if it isn't to gallant!!

Another broker bites the dust!

The GallantFX VPS gives me constant problems. I've tried using it a few times but it just doesn't seem to perform. Maybe others are getting better results; I don't know. Regardless, the main issue that I am trying to deal with is that of the GallantFX EUR/USD spread. I generally understand liquidity but for some reason the Gallant spread on the EUR/USD pair jumps quite signficantly above 3 pips in trying to run my EAs at certain times of the day. Maybe Gallant doesn't like certain EAs; I'm not sure. I'm currently trying to make a decision (End of April 2009) as to whether I want to continue with Gallant and raise the stakes in my account balance but the problem is that the spreads are in my opinion too high in a number of cases and another issue: they can only offer mini and standard lots, with Mini's that CANNOT BE RUN in fracions (i.e., 1.2 or 1.3, etc; only in whole numbers, i.e., mini's at 1.0, 2.0, 3.0. etc...). I'm seriously looking at finding a different broker to provide me a better opportunity to trade. I've traded with a competing broker - IBFX.com, and I must say that their EUR/USD spread is pretty darn consistant at 2 pips. I don't know why Gallant can't keep their spreads to something reasonable. Maybe I'm just too much of a novice at trading that I am missing something here about how FOREX works. Aside from these issues, I haven't had any money withdrawl problems and frankly, I will trust that I won't; that would be very bad. At this point, I'll try to keep a positive outlook on things and hope that the Gallant Administration will try harder to do what the their slogan says, "We domesticate the Foreign Exchange." I would think this means making trading more available to the small guy rather than catering to the men with the deep pockets.

At least Anthony got his money back. I tried GallantFX at the recommendation of Charles Floyd II from Fapwinner.com, even though I was fairly happy with forex.com and alpari. I wired $10K into the account and tried using the fapturbo EA there. The EA behaved nothing like it did at any other broker accepting large losses & taking small gains. I decided to quit GallantFX after a loss on the order of $2K.

Then my problems really began! I tried using the withdrawal request form on their web page, but the "financial institution" information came out in a very light shade of grey so it didn't scan at all. I faxed the form to them anyway inasmuch as this was the form THEY provided and I figured they had my financial info from my application & the wire in anyway. 3 days later nothing had happened. So at 0930 ET, I called them. The guy who answered replied "the guy from operations isnt in. call back later". 1030 AM I called again. "Mike" replied they didn't have my financial institution information which I agreed to email him & did within the hour. He asked why I was leaving, I explained my reasons, that I'd emailed customer support about the problems and gotten no answer. He replied the problem was with their liquidity provider they were replacing that very day. He asked me to give them another try. I said I'd think about it but wanted my money back. Financial information emailed within an hour. That day, noted withdrawal from my account. 4 days later, no money in my checking account. One more email to "Mike" goes unanswered. Today I escalated it to an SEC complaint against Sunspot (the counterparty that is an RIA with the SEC).

So goes my travail with getting my money back sans $2K. So Anthony, there are worse things than what you experienced with GallantFX!!