Gallop

Gallop is a forex and CFD broker registered in Hong Kong, with its official website at gallopforex.com. According to our records, the company was founded on 30 March 2021. The broker operates without any known regulatory licences from major financial authorities, which is a significant factor for prospective traders to consider.

FXCanary's Scam Risk Score for Gallop stands at 51 out of 100, indicating an elevated level of risk. This score reflects the absence of regulatory oversight and limited independent information available about the broker. Traders are advised to exercise caution when evaluating this entity.

Gallop does not hold any regulatory licences from recognised bodies such as the FCA, CySEC, ASIC, or similar authorities. The broker is registered in Hong Kong, but registration does not imply financial regulation. The lack of oversight means that traders may have limited recourse in the event of disputes or fund losses.

We cross-checked the broker's regulatory status against public registers and found no active licences. This absence is a key risk factor, as it increases the potential for misconduct or financial instability.

Independent information regarding Gallop's account types and trading platforms is not publicly available. Our known facts do not include details on minimum deposits, spreads, or leverage options. The broker's website may provide this information, but we have not been able to verify it through independent sources.

Traders interested in Gallop should conduct thorough due diligence, including reviewing the broker's website and any terms and conditions, before committing funds.

As a forex and CFD broker, Gallop likely offers a range of instruments including currency pairs, indices, commodities, and possibly cryptocurrencies. However, specific details are not confirmed in our records. Similarly, funding methods and withdrawal policies are not independently documented.

The absence of verifiable information on these critical aspects underscores the importance of caution. Traders should seek clarity on all operational details directly from the broker before engaging.

Gallop appears to target retail forex and CFD traders, given its domain and registration type. However, without regulatory safeguards, the broker may not be suitable for risk-averse traders or those who prioritise investor protection.

The elevated risk score suggests that only experienced traders who fully understand the risks should consider this broker, and even then, only with capital they can afford to lose.