The Official Website Of GalaxyTrade Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-02-18 Polish KNF Adds GalaxyTrade To The Warning List
On February 18, 2022, The Polish Financial Supervisory Authority (KNF) Added GalaxyTrade To The Warning List. According To The Release, The Regulator Warned That The Entity Is Not Registered In Poland. You Can Visit The Following Website For Details:; Https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings
2022-02-24 We Have Reviewed And Confirmed That GalaxyTrade Is An Unregulated Forex Broker
We Found That GalaxyTrade Operates Under Two Domains: Https://galaxytrade.cc And Https://galaxytrade.co/sign-in. Both Websites Are Still Available.
The Company Claims To Offer Traders A Wide Range Of Investment Services, Including Trading Currencies, Stocks, Indices, Bonds, Commodities And Metals, And Is Owned By Plethora Group LTD, A Company In The Dominican Federation. It Is Well Known That All Good Traders Are Not Only Registered, But Will Provide Their Credentials And Help You Verify Their Registration Status. If GalaxyTrade Is Regulated By Any Regulatory Body, It Will Certainly Display The Information Of Operating License On Its Website. In Fact, It Does Not List Any Regulatory Certifications Or Government Registrations On Its Website. What's More, We Checked On The Name Of The Government Of The Country Of Dominica And There Is No Result.
Interestingly, We Found That This Entity Is Newly Established In 2021. It Is Worth Mentioning That On February 18, 2022, The Polish Financial Supervisory Authority (KNF) Added GalaxyTrade To Its Warning List. As Shown In The Picture, GalaxyTrade Ranks First In The Warning List.
All This Information Indicates That GalaxyTrade Is A Fake Trader Operating Without A License. Your Money In The Company Is Not Safe And Is Not Protected By Any Law. This Is A Fake Trader.
Since The Broker's Website Cannot Be Accessed Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That GalaxyTrade Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: GalaxyTrade As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
