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Gala Traders

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Operating status: SCAM

Website: https://galatraders.com/

Broker violations and abnormal records
  • 2024-10-20 The FCA issues a warning against Gala Traders

    On October 21, 2024, the Financial Conduct Authority (FCA) issued a warning against Gala Traders, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/gala-traders-https-galatraderscom

    On October 21, 2024, the Financial Conduct Authority (FCA) issued a warning against Gala Traders, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/gala-traders-https-galatraderscom
  • 2024-10-21 BrokersView has reviewed that Gala Traders is an unregulated broker

    The website for Gala Traders was recently registered in December 2023, raising a significant red flag due to the company's anonymity. Additionally, the Financial Conduct Authority (FCA) has issued a warning against Gala Traders for operating without the required authorization.

    In essence, Gala Traders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Gala Traders appears to be a scam.

    The website for Gala Traders was recently registered in December 2023, raising a significant red flag due to the company's anonymity. Additionally, the Financial Conduct Authority (FCA) has issued a warning against Gala Traders for operating without the required authorization.In essence, Gala Traders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Gala Traders appears to be a scam.

Related Complaints

Q&A

Gala Traders, a scam?

Olga Kalysta
Canada
2024-12-06
ANSWER Dear Investor, Thank you for your message. We have investigated Gala Traders and believe it to be a scam. This is an unknown trading platform, with the operator concealing critical information about themselves, making it challenging to verify their legitimacy. The Financial Conduct Authority (FCA) has issued a warning against Gala Traders for lacking the required authorization and has advised investors to stay away from it. Therefore, it is wise to avoid using Gala Traders. For a safer trading environment and peace of mind, conduct thorough research and choose fully regulated brokers.
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Is the site trustful? Gala Traders, the name is.

Eugene
Germany
2024-10-24
ANSWER Dear Investor,We have researched the website of Gala Traders and believe it is a scam. This platform appears to be newly established, with its website registered at the end of last year. It lacks essential company information and necessary licensing details, raising doubts about its legitimacy and authenticity. Additionally, the Financial Conduct Authority (FCA) has issued a warning against Gala Traders for operating without the required authorization.Therefore, we strongly advise you to avoid using Gala Traders to protect yourself from potential scams. For a safer trading environment, we recommend opting for fully regulated brokers.
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