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Rating Index

Pros

Segregated client accounts ensuring the safety of funds.
Wide range of trading options including forex, indices, metals, and energies.
Tight trading spreads and high leverage options available.

Cons

Regulation is limited to the Financial Services Commission (FSC) of the British Virgin Islands, which may not be as reputable as other regulatory bodies.
No acceptance of US traders, limiting access to a significant market.
Customer support may have limited availability outside of regular business hours.

GALLANT broker Accounts

gallant Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: gallant Account Types Overview

gallant Account Types Explained

Gallant offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type:

1. Standard Account

  • Minimum Deposit Requirement: $100
  • Spread/Commission Structure: Variable spreads starting from 1.0 pips
  • Leverage Options: Up to 1:200
  • Key Features: Basic trading features suitable for beginners, access to a wide range of trading instruments.
  • Target User Profile: Beginners and casual traders.
  • Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

  • Minimum Deposit Requirement: $500
  • Spread/Commission Structure: Low spreads starting from 0.0 pips with a commission fee.
  • Leverage Options: Up to 1:100
  • Key Features: Direct market access, faster execution speeds, suitable for high-frequency trading.
  • Target User Profile: Advanced traders and scalpers.
  • Trading Instruments Available: Forex pairs, commodities, cryptocurrencies.

3. Pro Account

  • Minimum Deposit Requirement: $5,000
  • Spread/Commission Structure: Competitive spreads with reduced commission rates.
  • Leverage Options: Up to 1:200
  • Key Features: Enhanced trading conditions, priority customer support.
  • Target User Profile: Professional traders and institutional clients.
  • Trading Instruments Available: Forex pairs, commodities, indices, and CFDs.

4. Islamic Account

  • Minimum Deposit Requirement: $100
  • Spread/Commission Structure: Similar to the Standard Account but swap-free.
  • Leverage Options: Up to 1:200
  • Key Features: Complies with Islamic finance principles, no interest charges.
  • Target User Profile: Muslim traders seeking Sharia-compliant trading options.
  • Trading Instruments Available: Forex pairs, commodities.

5. Demo Account

  • Minimum Deposit Requirement: N/A (virtual funds)
  • Spread/Commission Structure: Similar to live accounts.
  • Leverage Options: Up to 1:200
  • Key Features: Risk-free trading environment with virtual funds.
  • Target User Profile: Beginners wanting to practice trading strategies.
  • Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Account Type Minimum Deposit Spread Leverage Target User Profile
Standard $100 From 1.0 pips 1:200 Beginners
ECN $500 From 0.0 pips 1:100 Advanced traders
Pro $5,000 Competitive 1:200 Professional traders
Islamic $100 Similar to Std 1:200 Muslim traders
Demo N/A Similar to live 1:200 Beginners

  • Beginners: Standard Account, Demo Account
  • Intermediate Traders: ECN Account
  • Advanced Traders: Pro Account
  • Muslim Traders: Islamic Account

Part 2: gallant Account Features Comparison

Detailed gallant Account Features

The following features are compared across different account types:

  • Minimum Deposit:

  • Standard: $100

  • ECN: $500

  • Pro: $5,000

  • Islamic: $100

  • Demo: N/A

  • Maximum Leverage:

  • Standard: 1:200

  • ECN: 1:100

  • Pro: 1:200

  • Islamic: 1:200

  • Demo: 1:200

  • Spreads (Typical/Minimum):

  • Standard: From 1.0 pips

  • ECN: From 0.0 pips

  • Pro: Competitive

  • Islamic: Similar to Standard

  • Commission Fees:

  • Standard: None

  • ECN: Yes, based on trading volume

  • Pro: Reduced rates

  • Islamic: None

  • Lot Size:

  • Standard: Micro (0.01)

  • ECN: Micro (0.01)

  • Pro: Standard (1.0)

  • Islamic: Micro (0.01)

  • Demo: Micro (0.01)

  • Available Trading Platforms:

  • Standard: MT4, MT5

  • ECN: MT4, MT5

  • Pro: MT4, MT5

  • Islamic: MT4, MT5

  • Demo: MT4, MT5

  • Execution Type:

  • Standard: Market

  • ECN: ECN

  • Pro: Market

  • Islamic: Market

  • Demo: Market

  • Islamic Account Availability: Yes for Islamic Account only.

  • Swap-Free Options: Available for Islamic Account.

  • Demo Account Features: Virtual funds, access to all trading instruments.

Advantages of Each Account Type

  • Standard Account:

  • Easy to open and manage.

  • No commission fees.

  • Suitable for beginners.

  • ECN Account:

  • Direct market access.

  • Low spreads.

  • Ideal for scalpers.

  • Pro Account:

  • Enhanced trading conditions.

  • Priority support.

  • Suitable for professional traders.

  • Islamic Account:

  • Complies with Sharia law.

  • No interest charges.

  • Available for all instruments.

  • Demo Account:

  • Risk-free environment.

  • Practice trading strategies.

  • Access to real market conditions.

Disadvantages of Each Account Type

  • Standard Account:

  • Higher spreads compared to ECN.

  • Limited features for advanced trading.

  • ECN Account:

  • Higher minimum deposit.

  • Commission fees can add up.

  • Pro Account:

  • High minimum deposit.

  • May not be suitable for casual traders.

  • Islamic Account:

  • Limited to swap-free trading.

  • May have fewer features compared to standard accounts.

  • Demo Account:

  • No real profits.

  • Limited duration for practice.

Part 3: gallant Account Opening Requirements

gallant Account Registration Requirements

To open a gallant account, the following eligibility criteria must be met:

  • Age Requirements: Must be at least 18 years old.
  • Geographic Restrictions: Not available in certain countries (specific countries not listed).
  • Prohibited Countries: United States and other restricted jurisdictions.
  • Identity Verification Documents Needed:
  • Government-issued ID (passport or national ID).
  • Proof of residence (utility bill or bank statement).
  • Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

Gallant adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence before trading.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: gallant Account Opening Process

Step-by-Step gallant Account Opening Guide

  1. Visit the Website: Go to the official gallant website.
  2. Click Registration: Locate and click on the "Open Account" or "Register" button.
  3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
  4. Choose Account Type: Select the desired account type from the options provided.
  5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
  6. Document Upload: Upload the required identity verification documents.
  7. Account Verification: Wait for the account to be verified by gallants compliance team.
  8. Fund Your Account: Deposit the minimum required amount to activate your account.
  9. Start Trading: Once funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

  • Issue: Document upload failure.
  • Solution: Ensure documents are clear and in the correct format.
  • Issue: Verification delays.
  • Solution: Contact customer support for assistance.

Average Account Approval Time

The average account approval time is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

To change account types, contact gallant customer support for guidance on the process and any additional requirements.

Part 5: gallant Demo Account Information

gallant Demo Account Guide

The gallant demo account allows traders to practice without financial risk.

  • Demo Account Features and Benefits:

  • Access to all trading instruments.

  • Virtual funds to simulate real trading conditions.

  • Ability to test strategies and platforms.

  • How to Open a Demo Account:

  • Follow the same registration steps as for a live account but select the demo option.

  • Demo Account Limitations:

  • Limited duration (typically 30 days).

  • No real profits or losses.

  • Virtual Balance Amount: Typically offers a virtual balance of $10,000.

  • Demo vs Live Account Differences:

  • Demo accounts use virtual funds, while live accounts involve real money.

  • Live accounts incur real spreads and commissions.

  • Duration/Expiry of Demo Accounts: Demo accounts usually expire after 30 days unless extended by customer support.

Part 6: gallant Islamic Account Details

gallant Islamic Account Details

Gallant offers Islamic accounts that comply with Sharia law.

  • Swap-Free/Islamic Account Availability: Yes, available for all account types.
  • Eligibility Requirements: Must be a practicing Muslim.
  • Differences from Standard Accounts: No interest charges or swaps applied.
  • How to Apply for Islamic Account: Indicate the request during the registration process or contact customer support.
  • Restrictions or Special Conditions: Must adhere to Islamic finance principles.

FAQs – gallant Account Types & Opening

  1. What account types does gallant offer?
  • Gallant offers Standard, ECN, Pro, Islamic, and Demo accounts.
  1. What is the minimum deposit for each account type?
  • Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: N/A.
  1. How long does gallant account verification take?
  • Verification typically takes 1-3 business days.
  1. Does gallant offer demo accounts?
  • Yes, gallant offers demo accounts for practice trading.
  1. Can I have multiple account types with gallant?
  • Yes, you can open multiple account types.
  1. Does gallant offer Islamic/swap-free accounts?
  • Yes, gallant offers Islamic accounts that are swap-free.
  1. What documents do I need to open a gallant account?
  • A government-issued ID and proof of residence are required.
  1. Can I change my account type after registration?
  • Yes, you can contact customer support to change your account type.

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