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Forex Brokers Rating

Galore Pro

Galore Pro

Galore Pro Broker Information

Rating: 0
0 reviews
  • Jurisdiction:
  • Regulators: -
  • Founded: 2019

Galore Pro Quick reference

There is a section “About Us” on the official website, but it mainly tells about trading offers. Only at the bottom of the page you can see the name of the company ITM SOLUTIONS LLC, registered in the offshore island of Saint Vincent and the Grenadines in 2019.

As the contacts you are offered the following:

  • telephone 44 151 947 0674,
  • e-mail,
  • feedback form.

Galor Pro declares that it is a premium brokerage company aimed at constant quality growth with attracting new customers and maintaining the activity of existing ones. A few paragraphs on the site are dedicated to the team’s high professionalism, but the names and photos of employees are not publicly available.

Galore Pro trading instruments and platforms

Over 1,000 instruments are declared in the following categories:

  • currency pairs,
  • indices,
  • shares,
  • commodities,
  • cryptocurrencies.

There are two platforms to choose from:

1. Classic Meta Trader 4.

2. Own Galore Pro Webtrader, which, according to the broker, can claim to be one of the most comfortable and intuitive developments. Compatible with all kinds of operating systems and browsers, no installation required.

You can use scalping and automatic advisors, as well as hedging.

Galore Pro introduces its advantages

  • multi-language technical support in the 24/5 mode,
  • a wide range of trading instruments suited to any taste ,
  • high security level,
  • a variety of shares and special offers,
  • customized platforms with convenient diagrams,
  • high-speed trading without requotes and gapping.

Galore Pro types of trading accounts

The broker offers 4 options according to the traditional principle: the higher the investment, the more opportunities and services a trader is offered.

Training: This account is available at the lowest deposit for this company - from $ 250. It is recommended for beginners. Trading in basic currency pairs, gold, silver and oil is available. The maximum leverage is up to 1: 100. Spreads are exclusively fixed, they promise not to charge commissions.

Standard: This account is for a deposit from $ 2,500. It is recommended for those who have already tried their hand, are well accustomed to the software and are ready to move to a more serious level. Leverage here is up to 1: 150. Spreads are fixed and variable. There are also no fees.

Premium: It is available from $ 15,000 and is designed for experienced traders with trading in solid volumes. The features of the standard plan are added with full access to all kinds of assets and a personal manager. Clients are promised to get some premium contracts, information about which is not publicly available, and enhanced bonuses - up to 100% of the deposit amount. Leverage is 1: 200.

Galore Pro VIP: It is available when investing from 40 000 dollars. It is recommended for solid traders interested in the most complete and comfortable trading opportunities. Leverage is 1: 200. Such clients are promised to have all the bonus benefits, the availability of news and data, express money transfers, participation in the referral program, bonuses up to 200%, as well as CashBack.

You can open minimum 4 trading accounts at the same time, without counting the demo one. This is not the limit, to increase the number of accounts it is enough to contact technical support.

Transferring funds between your accounts is possible almost instantly, but only by agreement with the manager.

Registration and personal account with Galore.Pro

You will need to specify the next information:

  • name,
  • surname,
  • country,
  • e-mail,
  • telephone,
  • password of 5-15 symbols,
  • password confirmation
  • promo code if any.

After registration, you have the opportunity to use a demo account. For real trading, you need to go through the verification procedure. The broker explains this with security requirements. A list and examples of documents are on the site, but with a note that the company may request additional ones. Confirmation or rejection of the request for verification with the indication of the reason is promised to be delivered to the client’s personal account.

Account replenishment and withdrawal of funds with Galore Pro

You can deposit money through your personal account, in the "Financial Transactions" section. The list of options is wide: from debit cards to payment systems and electronic wallets. The minimum deposit is higher than usual and is 250 USD.

The withdrawal rule is standard: you should withdraw money the same way that it was deposited. An option is provided for those who replenish the balance in different ways. In this case, the withdrawal is made by the same methods in proportion to the deposited amounts.

There is a nuance with credit and debit cards. Funds will be withdrawn into them if the request for withdrawal is submitted within 60 days from the date of opening the deposit. After this period, you must contact the manager for further clarification.

It is possible to deposit, in principle, any national currency, but it will be converted into dollars or euros at the official exchange rate on the day of the transaction. All calculations are made in USD and EUR.

The broker promises not to charge commissions, but warns of the possibility of charging them by payment systems. But the punishment for inactivity is severe. If the account is not used for three months, it is sent to the archive and they begin to charge as much as $ 85 from the account monthly.

Conclusion about Galore Pro

The company is young, there are few feedbacks about it. There is a number of controversial and alarming points. For example, the company positions itself as a premium class broker, but does not have a license to maintain this activity. When the project was launched, its administration informed that the document was being processed. We are writing this review in April 2020 - there is still no license.

Premium is difficult to combine with work without regulation and registration in one of the most loyal island offshore companies. So mainly high deposits are responsible for it: the minimum is $ 250, the next level is as much as $ 2,500. This is too high price for acquaintance. We did not see any special features or exclusivity that could justify such a risk. We recommend you to exercise caution and observe the work of the company: it appeared only in October 2019.

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