GalaxyEx Review: Time To Expose The Snake Oil Salesman
If you visit the bogus website of the dubious GalaxyEx investment scheme, you’ll notice that there are no links or pages. It raises concern about the platform and all that it encompasses.
Therefore, it’s crucial that you read our honest GalaxyEx Review and learn more about this fraudulent platform. Find out which steps you need to take in order to recover your money from cyber scams.
|Regulated by:||Unregulated Investment Scam|
|Is This Company Safe?||No|
|Free Demo Account:||Not Available|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.|
Legal Info: Is GalaxyEx Regulated?
GalaxyEx is virtually anonymous. The shady website we found offers absolutely no information about the legal background of the business, company name or ID number, address, phone number, email, etc.
Do you really want to trust such a non-transparent platform with your hard-earned funds? Anonymous platforms are the worst; just take RightFX for instance. Instead of taking the cunning bait, reject everything that these fraudsters offer and turn to proper, licensed brokers and firms.
We recommend you find a reliable provider licensed by a reputable financial market regulatory authority. The best regulators that you can rely on to supervise your platform include the FCA (UK), ASIC (Australia), CFTC & NFA (US), CySEC (Cyprus), BaFin (Germany), FINMA (Switzerland), etc.
If you need help finding the best platform for your needs, we offer our professional assistance.
Why a Trading License Matters
Top financial market jurisdictions such as the European Economic Area, the United States, and Australia boast heavy regulations and impose formidable requirements for companies that apply for a trading license.
Companies are required to maintain a substantial minimum operating capital (e.g. 730,000 EUR or 1,000,000 AUD), provide clients with negative balance protection, segregate their funds in a top-tier bank (e.g. Barclays), and even a compensation scheme (e.g. up to 20,000 EUR).
Even if you have issues with a regulated broker, you can file a complaint with the respective regulator, as some traders did with Brokereo. Unlicensed providers such as GalaxyEx are not obliged to offer any security and safety benefits, which is why these platforms should be avoided.
Who Are GalaxyEx’s Targets
According to godaddy.com/whois, the galaxyex.net website domain was created on May 31, 2023, just three months ago. Since then, the anonymous financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:
- United States;
- Myanmar (Burma);
GalaxyEx has no authorization to operate in any of these jurisdictions, especially the United States where the laws are strict and unforgiving. Furthermore, the webparanoid.com gave GalaxyEx a pretty low trust score.
Do not trust GalaxyEx! We can help you recover the funds you deposited in your GalaxyEx account.
GalaxyEx Trading Features
GalaxyEx offers a platform that can be used to trade cryptocurrencies. The website promotes certain trading strategies such as the K-Line Quick Trading strategy, Split & Merge, etc. The mysterious platform allegedly offers and the possibility of setting up to 50 take-profit and stop-loss orders for the positions.
There is no demo account so we couldn’t check out and try the platform. Nevertheless, GalaxyEx’s platform may be rigged and manipulated so please avoid it.
Available Trading Assets
GalaxyEx supports a wide range of cryptocurrencies that can be traded against US Tether. Here are a few examples:
- TRX/USDT; etc.
Cryptocurrencies are extremely volatile assets with markets fluctuating to extreme degrees at times. In other words, the crypto environment is unpredictable and risky per se. If you truly want to trade these assets, be sure to pick a legitimate platform.
The maximum leverage that GalaxyEx offers is 1:125, which is extremely high and, in the case of crypto trading, can be hazardous. Most proper regulators have limited the maximum leverage for digital assets to 1:5.
Mobile Trading App
GalaxyEx offers a mobile trading app. This app can be downloaded on both Android and iOS mobile devices. The website offers a QR code instead of a download link, which is shady.
In general, mobile trading offers numerous advantages such as the ability to trade on the go and quickly adjust to swift market movements. However, you will not benefit from it if you’re using a platform provided by an unlicensed entity.
We can help you retrieve your funds from GalaxyEx.
GalaxyEx Withdrawal Issues
Since GalaxyEx did not include any legal documentation whatsoever, the company’s deposit and withdrawal process is uncertain. Users have been left in the dark regarding the fees and the minimum deposit and withdrawal requirements.
Nevertheless, the most frequent payment methods used online are credit/debit cards, wire transfers, e-wallets, and cryptocurrencies.
If you want to reverse a credit/debit card transaction or a wire transfer, you should request a chargeback, i.e. recall at your issuing bank within 540 days. For crypto payments, you’ll need professional assistance and we happen to offer just that so please book a consultation with us and tell us more about your case.
Key Information To Consider About GalaxyEx
To sum up our review, GalaxyEx is an anonymous website, offering a crypto trading platform. GalaxyEx is not licensed and the website did not provide any legal documentation whatsoever, which is why GalaxyEx cannot be trusted.
Avoid GalaxyEx. If you have fallen victim to this unscrupulous scheme, do not despair. We can help you recover your funds. Our experts will gladly guide you through the chargeback process or trace your crypto transaction using CipherTrace. Book a free consultation with us as soon as possible.
Let us know if GalaxyEx scammed you.
What is GalaxyEx?
GalaxyEx, a relatively new website, is an anonymous crypto trading platform with no legal license.
Is GalaxyEx A Scam Or Legit?
GalaxyEx is most likely a scam. Apart from being unlicensed, GalaxyEx offers no info about the company’s legal background.
How To Get My Money From GalaxyEx?
Chargeback. The easiest way to get your money back is to book a free consultation with us and allow our experts to help you.