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Bit Galaxy

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Operating status: SCAM

Website: https://www.bitgalaxy.world/

Broker violations and abnormal records
  • 2023-10-22 The UK FCA issued a Warning against Bit Galaxy

    On 20 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Bit Galaxy was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bit-galaxy

    On 20 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Bit Galaxy was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/bit-galaxy
  • 2023-10-22 BrokersView has Reviewed that ​Bit Galaxy is an Unregulated Broker

    According to its website, Bit Galaxy cliams registered in UAE. Upon investigation, there is no matching information was found in the Securities and Commodities Authority (SCA), Central Bank of U.A.E (CBUAE), DuBai Financial Services Authority (DFSA).

    In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Bit Galaxy was providing finacial services or products without authorisation.

    The truth is that Bit Galaxy is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Bit Galaxy is a scam

    According to its website, Bit Galaxy cliams registered in UAE. Upon investigation, there is no matching information was found in the Securities and Commodities Authority (SCA), Central Bank of U.A.E (CBUAE), DuBai Financial Services Authority (DFSA).In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Bit Galaxy was providing finacial services or products without authorisation.The truth is that Bit Galaxy is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Bit Galaxy is a scam

Related Complaints

Q&A

Bit Galaxy's regulation?

Sherry78
Eritrea
2023-11-07
ANSWER Bit Galaxy is an unregulated broker.Bit Galaxy claims to be operated by Gerrit Enterprise Limited, a company that is supposedly registered in the UAE. However, upon investigation, no matching information was found in the Securities and Commodities Authority (SCA), Central Bank of U.A.E (CBUAE), or DuBai Financial Services Authority (DFSA). This means it is not subject to the oversight of local financial regulators.What's more, the UK financial regulator, Financial Conduct Authority (FCA) has issued a warning against Bit Galaxy, stating it is providing financial services or products in the UK without authorization. This further hurts Bit Galaxy's credibility.As such, Bit Galaxy appears to be not regulated by any regulators. Therefore, it is unsafe to let this unlicensed platform hold or control investors' money, and the money cannot be protected by any laws. To safeguard investors' interest, it is advisable to opt for fully regulated brokers only.
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