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Galaxy Stock Trade

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Operating status: SCAM

Website: https://galaxystocktrade.online/

Broker violations and abnormal records
  • 2023-06-11 The US CFTC adds Galaxy Stock Trade to its RED List

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added Galaxy Stock Trade to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added Galaxy Stock Trade to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.
  • 2023-06-12 BrokersView has reviewed that Galaxy Stock Trade is an unregulated broker

    Galaxy Stock Trade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press release by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.

    In essence, Galaxy Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Galaxy Stock Trade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press release by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.In essence, Galaxy Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Galaxy Stock Trade seems to be licensed. Am I right???

fxfinder
Faroe Islands
2023-06-20
ANSWER Galaxy Stock Trade is an unlicensed broker that we strongly advise against trading with despite the seemingly attractive deals it offers.Galaxy Stock Trade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press release by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities didn't locate any matching record either.Regarding your question, Galaxy Stock Trade is an unlicensed broker that comes with huge risks including financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, investors are encouraged to stay away from unlicensed brokers like Galaxy Stock Trade and instead choose a fully regulated one.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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