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GalaxyTrade

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Operating status: SCAM

Website: https://galaxytrade.cc/

Broker violations and abnormal records
  • 2022-02-17 The Polish KNF Added GalaxyTrade into its Warnings

    On February 18, 2022, the Polish Financial Supervision Authority(KNF) added GalaxyTrade to its warning list. According to the release, the watchdog warned that the entity is not registered in Poland. You may visit: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings

    On February 18, 2022, the Polish Financial Supervision Authority(KNF) added GalaxyTrade to its warning list. According to the release, the watchdog warned that the entity is not registered in Poland. You may visit: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings
  • 2022-02-23 BrokersView has reviewed that GalaxyTrade is an Unregulated Forex Broker

    We found GalaxyTrade runs under two domains: https://galaxytrade.cc and https://galaxytrade.co/sign-in. Both sites are still available.

    The firm claims to provide traders with a wide array of investment services, including trading currencies, stocks, indices, bonds, commodities, and metals and owned by Plethora Group LTD, a company of Commonwealth of Dominica. As we all know, all good brokers are not only registered but also will provide their credentials and help you verify their registration status. If GalaxyTrade is regulated by any regulators, it will definitely present the license information on its website. In fact, it lists no any regulatory certifications or governmental registrations on its website. What’s more, when we checked with name on government of the Commonwealth of Dominica, we found no results.

    What’s interesting, we found the entity was newly established in 2021. And it is worth mentioning that on February 18, 2022, the Polish Financial Supervision Authority(KNF) added GalaxyTrade to its warning list. As you can see in the picture, GalaxyTrade ranked first in the warning list.

    All of these information shows that GalaxyTrade is an false broker who runs without any license. Your money in the firm is unsafe and cannot be protected by any laws. Therefore, it is a scam.

    We found GalaxyTrade runs under two domains: https://galaxytrade.cc and https://galaxytrade.co/sign-in. Both sites are still available.The firm claims to provide traders with a wide array of investment services, including trading currencies, stocks, indices, bonds, commodities, and metals and owned by Plethora Group LTD, a company of Commonwealth of Dominica. As we all know, all good brokers are not only registered but also will provide their credentials and help you verify their registration status. If GalaxyTrade is regulated by any regulators, it will definitely present the license information on its website. In fact, it lists no any regulatory certifications or governmental registrations on its website. What’s more, when we checked with name on government of the Commonwealth of Dominica, we found no results.What’s interesting, we found the entity was newly established in 2021. And it is worth mentioning that on February 18, 2022, the Polish Financial Supervision Authority(KNF) added GalaxyTrade to its warning list. As you can see in the picture, GalaxyTrade ranked first in the warning list.All of these information shows that GalaxyTrade is an false broker who runs without any license. Your money in the firm is unsafe and cannot be protected by any laws. Therefore, it is a scam.
  • 2022-09-20 BrokersView has found that GalaxyTrade is not working

    BrokersView found the domain "https://galaxytrade.cc/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://galaxytrade.cc/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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Risk Warning:

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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