What is Gallant Trade Copier?
Please note that Gallant announced on April 14th 2017 that it filed for voluntary bankruptcy protection in the US in order to restructure. We will keep you updated here if their status changes.
Gallant Capital Markets is a global Forex broker established in 2011. They are registered and located in the British Virgin Islands and regulated by the Financial Services Commission (BVI). Gallant operates under an “Agency Model” which means there’s no dealing desk intervention (i.e. they don’t trade against you). Accounts can be opened in USD, GBP, CHF, EUR, AUD, and JPY, though they do not accept customers from the US.
They launched their own social mirror trading platform, called “Trade Copier”, in late 2013. Gallant Trade Copier allows investors to follow professional investors (called “Leaders”) and automatically copy their trades. From the “Leader Lounge”, Gallant’s clients can review the trading style, statistics, trade history and account performance of these Leaders. They can also view how much the Leaders invest/risk themselves in their own live account. Clients can decide whether to copy the Leaders in the same lot sizes or proportionally to their own account balance.
Using Trade Copier is totally free and any Gallant client will automatically gain access. However, for each Leader there’s a performance fee payable on a weekly or monthly basis. This fee ranges on Trade Copier from 5% to 25%, depending on the Leader and depending on the balance of the account you use to copy them. The percentage fee is calculated on the profits made by the Leader in your Gallant account and is based on equity of high watermark. I.e. it’s entirely performance based and in order to receive performance fees from investors the Leader’s profits must surpass their previous highest peak in performance.
The minimum amount you need to copy a single Leader in Trade Copier is $500, though some have higher minimum requirements. Your Gallant trading account must also be in the same currency as the Leader (almost all are in USD at the moment).
Anyone with a live Gallant account can decide to become an actual Leader and make extra money from their trading expertise. Leaders can set the % performance fee they want to charge themselves.
Currently there are over 40 Leaders available in Trade Copier to review and copy. All of them send their trade signals from a live Gallant account, and clients can check how much they made or lost in real amounts in the past.
Please note that you cannot view the list of Leaders unless you register for a Gallant account. However, registering is totally free, and you don’t need to fund your account before you get access to the Leader Lounge to check out the Leaders.