Galaxy.inc is an online trading platform that claims to provide forex, cryptocurrency, and commodity trading services. However, there are growing concerns regarding its legitimacy, with many traders questioning whether it is a trustworthy broker or a potential scam. This review will evaluate Galaxy.inc by examining its company details, regulatory status, trading conditions, and user feedback.
Company Overview
Company Name: Galaxy.inc
Website: www.galaxy.inc
Registered Country: The platform does not disclose clear registration details, raising concerns about transparency.
Regulation Status: Galaxy.inc operates without a recognized financial license. Despite this, it falsely claims to be regulated, which is a major red flag.
Operating Since: The platform does not provide clear information on its establishment date.
Trading Platforms: Galaxy.inc offers a proprietary web-based trading platform with limited features. There is no support for reliable industry-standard platforms like MT4 or MT5.
Leverage Offered: The broker claims to offer high leverage of up to 1:500, which is risky, especially with unregulated brokers.
Minimum Deposit/Deposit Bonus: The platform requires a minimum deposit, but the amount is not clearly stated. Additionally, it offers deposit bonuses, which can be used to manipulate traders into depositing more funds.
Available Assets to Trade: Galaxy.inc advertises trading in forex, cryptocurrencies, commodities, and indices, but there is little evidence to confirm these claims.
Demo Account Availability: There is no demo account available, making it difficult for traders to test the platform before investing.
Customer Support Contact Methods: Customer support is available via email and an online form, but users report slow and unresponsive service.
Red Flags Indicating It is a Scam
Unlicensed and Unregulated: Galaxy.inc is not registered with any major regulatory authority like FCA, ASIC, or CySEC. Operating without a license makes it highly risky for traders.
Misleading Information: The platform falsely claims to be regulated and affiliated with reputable financial institutions.
Fake Reviews and Testimonials: Many of the positive reviews appear fabricated, with little real user feedback supporting the claims of successful trading.
Withdrawal Issues: Multiple traders have reported difficulties withdrawing their funds, a common sign of a fraudulent broker.
Lack of Demo Account: The absence of a demo account makes it hard for traders to verify the platform’s functionality before depositing real money.
If you have lost money to companies like Gdcecusd.com, or Saudidex.com please report it to us on our report a scam form.
License and Regulatory Issues
Galaxy.inc is not listed under any reputable financial regulatory bodies. Authorities such as the FCA and CONSOB have issued warnings against similar unlicensed brokers, advising traders to avoid such platforms. The lack of regulation means traders have no legal protection if the broker engages in fraudulent activities.
User Feedback
Several traders have raised concerns about the platform, including:
Withdrawal difficulties: Users report that withdrawal requests are ignored or delayed indefinitely.
Platform instability: The trading platform is unreliable, with frequent technical issues affecting trade execution.
False advertising: Traders feel misled by the platform’s claims of regulation and high success rates.
Deposit and Withdrawal Methods
Galaxy.inc accepts deposits through bank transfers, credit/debit cards, and cryptocurrencies. However, withdrawals are often problematic, with many traders unable to access their funds after depositing.
Why Unregulated Brokers Are Risky
Trading with an unregulated broker like Galaxy.inc is highly risky due to:
Lack of legal protection: Traders have no recourse if the broker engages in fraudulent activities.
High risk of fund loss: Many unregulated brokers engage in scams where users’ funds are misappropriated.
Manipulated trading conditions: Unregulated brokers can manipulate spreads and trades, leading to unfair losses.
How Can “ReviewsAdvice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam can be challenging. However, “ReviewsAdvice” can help by:
- Raising awareness: By exposing potential scams, we can help others avoid similar pitfalls.
- Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
