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Galaxy ECN -

Score

1.50 /10
Danger

Galaxy ECN

United Kingdom

5-10 years

Suspicious Regulatory License

High potential risk

http://www.galaxyecnltd.com

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Comparison

Quantity 2

Exposure

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Score

Regulatory Index0.00

Business Index6.90

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GalaxyECN

Company Abbreviation

Galaxy ECN

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

They have disappeared from the web.

Hello, I invested with Galaxy ECN through a person calling himself Chandrakanta beginning sometime early 2016. He was with VIP Options previously and moved my money from there to ecn. Anyways, like everyone else I was never able to withdraw anything, even requests for $500 were ignored. I had invested close to $4,000 usd of my own and the account grew to the 66,000.

Rey
2021-09-28 21:59
Unable to Withdraw

Galaxy EX cannot withdraw. At first I could withdraw a hundred dollars. Later, when I didn't want to trade, the platform didn't allow all cash withdrawals, and I had to pay high taxes.

Galaxy EX cannot withdraw. At first I could withdraw a hundred dollars. Later, I was worried about being cheated, and when I didn’t want to do it, the platform did not allow all cash withdrawals, and I had to pay high taxes. The platform said that the withdrawal will be processed immediately after paying the tax, but I don’t think there is any way to withdraw the money after paying the tax. All my hard-earned money went into it. My husband and I both work to make money. It was a friend who pulled me in, saying that it would make a lot of money. I don't want to keep pulling me to join, he made a lot of money and cashed out a lot. Now this person doesn't help me anymore, and I don't understand anything in the dark. I didn't know anything about the first transaction, which made me miserable.

YANZI9348
2023-08-21 17:16
Galaxy ECN · Company summary
Galaxy ECNReview Summary
Founded2023-11-15
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Commodities, Metals, Indices, Energies & Softs
Demo Account✅
LeverageUp to 1:500
SpreadStart from 0
Trading PlatformMT4
Min Deposit$200
Customer SupportPhone: +971 50 7982131
Email: support@galaxyecnltd.com

Galaxy ECN Information

Galaxy ECN is a broker. Forex, commodities, metals, indices, energies, and softs are the broker's trading markets and standard, pro, and VIP are the broker's account types. In addition, Galaxy ECN sets a minimum spread of 0, a minimum deposit of $200, and a maximum leverage of 1:500.

Galaxy ECN Information

Pros and Cons

Pros Cons
24/7 SupportUnregulated
Leverage up to 1:500Bad review: Difficult to withdraw money
Demo account availableOfficial website inaccessible
Various trading markets: forex, commodities, metals, indices, etc.
Multiple account types: standard, pro, and VIP
Spread as low as 0

Is Galaxy ECN Legit?

Galaxy ECN is not regulated, even if the broker claims to be authorized and regulated by the Financial Services Authority of the UK.

Is Galaxy ECN Legit?
Is Galaxy ECN Legit?
Is Galaxy ECN Legit?

What Can I Trade on Galaxy ECN?

Traders can invest in forex, commodities, metals, indices, metals, energies, and softs on Galaxy ECN. Different currencies that can be invested in forex include FX Minors, Majors, Crosses, Exotics, Yen, and Europe. Traders can invest in various metals such as copper, silver, gold, platinum, etc. on the spot and future. In addition, there are energy products including natural gas and crude oil.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
Indices✔
Metals✔
Energies✔
Softs✔
Bonds❌
Mutual Funds❌
What Can I Trade on Galaxy ECN?

Account Type

Galaxy ECN offers three trading account types: standard, pro, and VIP. The spread range is 0.0-0.4pips, and the minimum deposit range is $200-$50,000. It is recommended that beginners and intermediate traders choose a standard account with a leverage of 1:100. Experienced and active traders are more suitable for pro accounts, with a leverage of 1:200. VIP accounts are more likely to be opened by high-volume and institutional traders, enjoying leverage up to 1:500.

Account Type StandardProVIP
Applicable peopleBeginners and intermediate tradersExperienced and active tradersHigh-volume and institutional traders
Leverage1:1001:2001:500
Spreads0.2-0.4 pips0.1-0.2 pips0.0-0.1 pips
Commissions$2-$10 per lot$1-$5 per lotNot mentioned
Minimum Deposit$200$10000$50000
Demo AccountYes, unlimited durationYes, unlimited durationYes, unlimited duration

Galaxy ECN Fees

The spread is 0.0-0.4pips, and the maximum commission is $10.

Leverage

The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.

Trading Platform

Galaxy ECN supports the MT4 online trading platform, and the applicable versions are DESKTOP, ANDROID, and iOS.

Trading PlatformSupported Available Devices
MT4✔DESKTOP, ANDROID, and iOS
Trading Platform

Deposit and Withdrawal

The minimum deposit is $200. Galaxy ECN accepts credit/debit cards(Visa、Mastercard and Maestro), bank transfers, and e-wallets like Skri and Neteler. In addition, Sofort, Trustly, and Giropay are also available. The processing time is 5 working days at the latest. Note that traders using Galaxy ECN have reported difficulty withdrawing funds.

Customer Support Options

Galaxy ECN offers 24/7 customer support and traders can contact Galaxy ECN via email and phone.

Contact Options Details
Phone +971 50 7982131
Email support@galaxyecnltd.com
Supported Language English
Website Language English
Physical Address 71-75, Shelton Street London, GreaterLondon, United Kingdom Wc2H 9JQ
Customer Support Options

User Reviews

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User comment

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Comments

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Nipezt Nihc
more than one year
Galaxy ECN started fine with a $100 withdrawal, but when I wanted to withdraw more, they imposed hefty taxes, making me skeptical about the withdrawal process. Proceed with caution.
Galaxy ECN started fine with a $100 withdrawal, but when I wanted to withdraw more, they imposed hefty taxes, making me skeptical about the withdrawal process. Proceed with caution.
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2023-12-21 23:02
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