As more people start to recognize the potential gains that come with trading in the forex market, there has been an increase in the number of forex brokers in the market. This has led to the emergence of many scam brokers who prey on unsuspecting traders. One such scam broker is galaxy-investmentz.com. In this review, we will review galaxy-investmentz.com and provide our findings.
Galaxy-investmentz.com is a forex broker that operates through its website. The website is professionally designed and promises traders access to a range of trading tools and resources. The broker claims to provide traders with access to the forex market, stocks, crypto investment, and commodity markets. They are based in the UK and their address is 48 Warwick Street, London, England, W1B 5AW.
Is galaxy-investmentz.com Regulated?
Our research found that galaxy-investmentz.com is not regulated by any financial authority. As they are based in the UK, so they should have a registration with FCA. But, when we searched in the FCA database, we found nothing.
Also, on their website, they mentioned a registration number in the UK. That is the registration number of the UK business directory which does not hold any value. It is just a directory submission number and does not provide any license or authenticity. When we searched with their license number, we see this license number is for another company and their license is already overdue.
Warnings from Financial Regulators
Galaxy-investmentz.com is not listed by any of the major financial regulators. This is a major red flag as reputable forex brokers are required to be registered with at least one financial regulator. The lack of regulation shows that the broker is not committed to providing a safe and secure trading environment for their clients. Till now we did not find any warning issued for this broker, but above mentioned proof is enough to identify this broker as a scam.
What Currency Pairs Do They Offer?
Galaxy-investmentz.com offers a limited selection of currency pairs. This is a major disadvantage as traders are not able to access a range of currency pairs that they need to diversify their portfolio. The broker mainly offers popular pairs such as EUR/USD, GBP/USD, and USD/JPY.
The broker claims to offer 24/7 customer support through email, phone, and a live chat feature that is available on the website. However, many traders have reported waiting for extended periods to get a response from the customer support team. This is unacceptable as traders rely on customer support to get assistance with any issues they face while trading.
Galaxy-investmentz.com offers a web-based trading platform that is not very user-friendly. The platform lacks advanced trading tools that are essential for traders to analyze market trends and access historical data. The platform also has long loading times, which can be frustrating for traders.
What Do Traders Think About galaxy-investmentz.com?
The majority of traders who have used the broker report that galaxy-investmentz.com is a scam broker that engages in fraudulent activities. Traders have reported being unable to withdraw their funds, getting charged hidden fees, and experiencing price manipulation. These are all serious allegations that cannot be ignored.
What to Do If You Get Scammed?
If you have been scammed by galaxy-investmentz.com, immediately contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
File A Complaint Against Scam Broker's
Our review found that galaxy-investmentz.com is a scam broker that should be avoided at all costs. The lack of regulation, limited currency pair offerings, and poor customer support are all major disadvantages. Traders who are looking for a safe and secure trading environment should choose a reputable and regulated forex broker.