Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Galileo FX？
Founded in 2020, Galileo FX is an automated trading software designed to execute trades based on pre-programmed instructions and real-time market analysis. Clients can access the popular trading platforms MT4 and MT5, empowering them to execute trades across multiple financial instruments. Depositing and withdrawing funds is made convenient through Galileo FXs flexible payment options.While Galileo FX offers enticing features, it is crucial for potential clients to exercise caution due to the lack of valid regulation and reported scam incidents associated with the platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Is Galileo FX Safe or Scam？
Galileo FX currently has no valid regulation and there is a report of scam, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with Galileo FX, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Features
Galileo FX offers a range of features designed to help traders generate consistent profits and simplify their trading experience.
One of the key features is the ability to achieve up to 96.46% accuracy, ensuring reliable performance in various market conditions. With over 130 pre-configured settings, traders can quickly unlock immediate profitability without the need for extensive trading or coding experience.
Setting up and using Galileo FX is easy, thanks to its user-friendly interface and instant download after payment. Traders can start trading automatically within minutes, guided by step-by-step video tutorials and guides.
The Galileo FX team provides high-quality customer service, with expert support available on weekdays from 9am to 5pm CET. They strive for customer satisfaction, responding personally to each email and working diligently until any issues are resolved. Additionally, there are convenient and free support options, including an optional installation service and VIP support.
Customization is a key aspect of Galileo FX, allowing traders to adapt the robot's settings and parameters to their individual trading style and goals. They can choose from different trading styles like Slow, Fast, Aggressive, and Custom, catering to various market conditions.
Risk control is another feature provided by Galileo FX, with options to set stop-loss and take-profit limits. Traders can also limit the number of trades and choose between 'Long Only,' 'Short Only,' or both, providing flexibility in managing their risk and maximizing profits.
Galileo FX is designed to be adaptable to changing market conditions, making it suitable for traders with different investment levels. There is no minimum balance required, and the robot can maximize profits by employing multiple trading strategies.
The trading strategy employed by Galileo FX is based on technical analysis, utilizing consecutive bullish or bearish signals to determine when to buy or sell. The robot scans the market in real-time, analyzing charts and patterns based on specific parameters. This strategy aims to capture trend inversions and automate technical analysis, reducing the impact of emotions and human error.
Overall, Galileo FX provides traders with a powerful tool to automate their technical analysis, benefit from accurate trading signals, and customize their trading experience to achieve consistent profits.
Trading Versions
Galileo FX offers three different version options: Galileo FX Personal, Galileo FX Plus, and Galileo FX Pro. Each account provides varying features and profit potential.
- Monthly profits: Up to $1,000
- Accuracy rate: Up to 96.46%
- Presets: Slow, fast, aggressive, custom modes
- Compatibility: MetaTrader 4 and MT5
- Instructions: Video and text formats
- Support: Top-rated technical support, available Monday to Friday
- License: Lifetime license for both demo and live accounts with no hidden or recurring fees
- Monthly profits: Up to $5,000
- Accuracy rate: Up to 96.46%
- Presets: Slow, fast, aggressive, custom modes
- Compatibility: MetaTrader 4 and MT5
- Instructions: Video and text formats
- Support: Top-rated technical support, available Monday to Friday
- License: Lifetime license for both demo and live accounts with no hidden or recurring fees
- Price: Starting from HK$5,271.00HKD (one-time payment)
- Monthly profits: Unlimited
- Accuracy rate: Up to 96.46%
- Presets: Slow, fast, aggressive, custom modes
- Compatibility: MetaTrader 4 and MT5
- Instructions: Video and text formats
- Support: Unparalleled technical support, available Monday to Friday
- Community: Exclusive private community with free future updates
- License: Lifetime license for both demo and live accounts with no hidden or recurring fees
- Price: Starting from HK$7,911.00HKD (one-time payment)
Service
Galileo FX offers several service options to enhance the trading experience for its users.
One of the services available is the Installation Service, which assists users in setting up Galileo FX on their devices. This service helps users ensure a smooth installation process, but the pricing information is not provided in the given text.
Another service offered by Galileo FX is the VIP Support, which provides users with three months of dedicated support. This service aims to address user inquiries and provide guidance during the trading journey. The regular price for this service is NT$5,077.00TWD.
Galileo FX also provides support sessions for users who require additional assistance with the platform. These support sessions offer users the opportunity to receive one-on-one guidance and address specific questions or concerns. The regular price for this service is NT$4,061.00TWD.
How to Install & Use the Trading Bot？
Galileo FX is a trading bot that allows users to automate their trades in the Forex market. Here is a simplified description of how to install and use the Galileo FX trading bot:
(1)Download MetaTrader 4 (or MT5): MetaTrader is a popular platform for trading Forex and using Expert Advisors. Find a broker that supports MetaTrader and download it from their website.
(2)Install MetaTrader: Run the EXE file downloaded from your broker's website and follow the installation instructions.
(3) Download Galileo FX: Purchase a Galileo FX license from the official website and download the Zip file. Save it to your desktop.
(4) Install Galileo FX: Follow the provided video tutorial to install Galileo FX on MetaTrader. The process is similar for both MetaTrader 4 and MetaTrader 5.
Follow this video to install Galileo FX on MetaTrader 5.
Here is the video for MT4:
(5) Load Galileo FX: Restart MetaTrader and look for Galileo FX in the Navigator window on the left. Drag and drop it onto a chart. Repeat this step for each chart you want to use.
(6) Make the first autotrade with Galileo FX: Adjust the timeframe to M1 (1 minute) and open Galileo FX by double-clicking on it. Set the desired settings in the Common and Inputs tabs. Click OK to save the settings.
(7) Loading Presets: Double-click on Galileo FX to open it and click Load in the Inputs tab. Load one of the .set files provided.
Check this video for a step-by-step tutorial:
(8) Settings Explanation: Understand the Consecutive Bullish/Bearish Signals, Take Profit & Stop Loss, and Lot Size settings to optimize your trading strategy. Refer to the Galileo FX Community for detailed explanations.
(9) AutoTrading Crypto, Metals, Stocks, Indexes & more: Check the asset classes offered by your broker and follow the process for the desired asset class. The process is similar to trading with Crypto as an example.
(10) How to use Galileo FX from Mobile: Monitor and control Galileo FX on your iOS or Android device by downloading Microsoft Remote Desktop on your smartphone and PC. Follow Microsoft's guide for installation.
(11) Support & Troubleshooting: If you encounter any issues or need assistance, reach out to Galileo FX's support team through their 24/7 chat service, email support, or request a support session. Details can be found on the Galileo FX website.
By following these steps, you can successfully install and use the trading bot of Galileo FX on the MetaTrader platform.
Trading Platforms
Galileo FX offers MT4 and MT5 for its clients.
MetaTrader 4 is a powerful and user-friendly trading platform equipped with a range of features for traders of all levels of experience. Traders can execute orders quickly and efficiently, and the platform supports automated trading through Expert Advisors (EAs). MT5 introduces additional trading instruments, such as more advanced order types, an expanded list of technical indicators, and an economic calendar.
Besides, Galileo FX shows how to install Galileo FX. The details are followed:
PC with Windows (or Mac using Parallels/VMWare)
A browser (for example Google Chrome)
15 minutes
a. Download MetaTrader 4 (or MT5)
b. Install MetaTrader
c. Download Galileo FX
Go to the Galileo FX official website to purchase a Galileo FX license. You will receive the following email after payment.
Check Junk/Spam folder, in case you dont see the email in your inbox.
Click the link to download the Zip file and save it to your Desktop.
d. Install Galileo FX
e. Load Galileo FX
f. Make the first autotrade with Galileo FX
g. Loading Presets
h. Settings Explanation
i. Trailing Step
Deposits & Withdrawals
Galileo FX accepts deposits and withdrawals via PayPal, credit and debit cards (such as Visa and Mastercard), and other forms of payment such as crypto.
-PayPal: Customers can deposit and withdraw funds using their PayPal accounts. PayPal is a widely recognized and secure online payment platform that allows for easy transactions.
-Credit and Debit Cards: Galileo FX accepts major credit and debit cards, including Visa and Mastercard. Customers can use their cards to deposit funds and make withdrawals from their trading accounts.
-Cryptocurrency: Galileo FX supports payment through cryptocurrencies. Customers can use popular digital currencies to deposit and withdraw funds, providing flexibility and convenience for those who prefer using crypto.
Galileo FX also accepts bank transfer payments, but these are only available to clients from certain countries. Customers interested in using bank transfers are advised to schedule an appointment with the Galileo FX team in advance. This helps confirm the availability and process for bank transfers based on their location.
User Exposure on WikiFX
On our website, you can see that a report of unable scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can contact via Zoom and the staff members can showcase the robot‘s features, guide customers through its operations, and address any inquiries they may have. This interactive approach can be highly effective in ensuring customer satisfaction and understanding of the robot’s capabilities.
Customers also can visit their office or get in touch with customer service line using the information provided below:
Email: support@galileofx.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, and YouTube.
Twitter: http://twitter.com/galileofx
Facebook: http://facebook.com/galileofx
YouTube: https://www.youtube.com/c/GalileoFX
Community Support
The Galileo FX community support is well-organized and consists of various sections and features to cater to the needs of its users. Here is a breakdown of the different components:
Settings & Strategies: This section is dedicated to users sharing and discussing their trading strategies, settings, and tips specifically related to using Galileo FX. It serves as a platform for users to exchange knowledge, insights, and best practices with fellow traders.
General Discussion: Users can engage in conversations about Galileo FX that do not fit into specific categories. It offers a space for broader discussions, where users can share their experiences, ask questions, and connect with other members of the community.
Introduce Yourself: This section provides an opportunity for users to introduce themselves to the community. New members can share a bit about their background, trading experience, and interests, allowing others to welcome and connect with them.
Feature Requests: Users can suggest new features or improvements they would like to see in Galileo FX. This section enables users to actively participate in shaping the future development of the software by submitting their ideas and engaging in discussions with other users.
Technical Support: When users encounter technical difficulties while using Galileo FX, they can seek assistance in this dedicated section. Users can describe their issues, seek guidance, and receive support from both the community members and the Galileo FX team.
Announcements: This section is reserved for official updates from the Galileo FX team. It includes information about new features, product updates, scheduled maintenance, and other important announcements. Users can stay informed about the latest developments and changes within the platform.
Conclusion
In conclusion, Galileo FX is an automated trading software that offers various account options and access to popular trading platforms like MT4 and MT5. However, it is crucial to highlight that Galileo FX currently lacks valid regulation, and there have been reports of scam activities associated with the platform.Regulation serves as an important safeguard for traders, as it ensures that a platform operates in a transparent and fair manner, adhering to strict financial standards and procedures. Without proper regulation, there is a heightened risk of fraudulent practices and potential loss of funds.
Therefore, it is strongly advised to exercise caution when considering Galileo FX or any other unregulated trading platform. Traders should prioritize the safety and security of their investments by choosing platforms that are regulated by recognized financial authorities.
Frequently Asked Questions (FAQs)
2024-06-18 15:47
2024-01-10 02:38
