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GCMFX.com (Gallant Capital Markets)

Discussion in 'Forex Brokers' started by Administrator, Nov 29, 2010.

  1. Administrator

    Administrator Just Administrator :-)

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  2. adelb5

    adelb5 Recruit

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    this is a scam company that made profit from customer's account adjustment pretending that the executed trades were executed at wrong prices, so be aware and do not try this broker as they ate my balance with 31400 usd, and till now no one answer my complain and never trust FSC regulators in BVI, as they never respond to your complain against them. it is a 100% scam do not try them
     
  3. hagual

    hagual Recruit

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    Totally agree with you Gallant Capital is not much to have. The support don´t excist nor the backoffice/operations. If you have anything against them they don´t bother to answer you. The live chat close when they can´t answer and when you put press on them. I only missing $ 100.00 in my account but it is my money and Ican prove that.
    ihave send my documents by e-mail 3 times to operations and 2 times to support and also had a live chat. But no reastion from Gallant Capital...
     
  4. sparen must pay

    sparen must pay Private

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    Gcmfx declared itself bankrupt (see the text on their website:

    Dear Customers,
    Gallant Capital Markets, herein referred to as “the Company”, announced on Friday, April 14th, it has commenced a formal proceeding to restructure its balance sheet to better position itself for future opportunities. To facilitate this restructuring, the company filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in the Eastern District of New York. While the company regrets having to take such actions, it does so in the best interests of the company and its clientele. The decision to voluntarily file results from an inability to withdraw funds from one of its regulated counterparties in order to meet liquidity demands. The decision to file was not an easy one, and was done only after a comprehensive review of all options available to the company. The firm has notified its regulatory body and will do all it can to provide information in a timely and transparent fashion to its client base as the court allows. We thank you for your continued patience and hope for a quick and satisfactory resolution for our clients and vendors.


    Sincerely,

    Gallant Capital Markets )

    For a "regulated" broker (BVI regulation) who told to keep the money in a segregated account, the explanations seem curious. You can read the site leaprate.com who reveals the suspicion of frau again the owner of GCMFX.

    This thread is intended to be kept alive in order to share the development of the story. Obviously, I've tried to contact Gallant by mail or by phone but there's nobody to answer my questions.
     

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