MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
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- Web
Details
Is Galileo FX a scam?
Wikilix independent safety report
35%Scam risk
Not a brokerConfidence: HIGH
3.5/5Safety rating 3.5 out of 5
No. Galileo FX is not a scam broker: it is automated trading software sold by a real, registered Italian company, Orion Software Development S.r.l., and it never holds your money. We found no regulat…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation4/10 · ModerateIdentity & transparency2/10 · LowWithdrawals & conduct4/10 · ModerateReputation6/10 · HighWebsite claims6/10 · HighOperational history2/10 · Low
Editorial review
Broker Summary
What Wikilix has recorded about Galileo FX: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
In the ever-changing realm of financial trading, the choice of broker is extremely essential, especially for new as well as experienced traders. Galileo FX markets itself as a trading broker who attempts to give their clients access to a variety of financial markets. Although the scenario is filled with competitors, knowledge about Galileo FX can ensure informed choices.
Background and History
It is fully automated AI trading software offering well over 250 strategies, as well as integration with more than 400 of the world's leading brokers. Clients are able to upload and follow trading activity within just two clicks of the desktop and mobile versions of the software.
Galileo FX trades independently in Forex, Stocks, Indices, Futures, Metals, and other markets. Payment methods accepted from clients include PayPal, Visa, MasterCard, AMEX, Maestro, and Diners Club. Each transfer is also shielded by SSL encryption.
Key Features and Offerings
Galileo FX provides trading facilities that usually consist of several asset categories for trading, for example, foreign exchange, commodities, indices, and maybe even cryptocurrencies. This broker does not clearly state the kind of instruments offered or what special features are attached to them.
In general, forex brokers operating in this market emphasize user-friendly platforms, tight spreads, and educational resources. While one could reasonably expect Galileo FX to meet industry standards, it is important that there is not more information up front regarding their features and abilities.
While complying with regulations is important, there
An important consideration when selecting a broker is regulatory oversight, as it provides a certain level of safety and integrity for consumers. In fact, information is not widely available about regulatory permissions possessed by Galileo FX.
Lack of required regulatory documentation makes it imperative for prospective clients to be cautious while considering working with this broker. Below is a table representing the regulation of this broker based on available information.
Food Standards Agency
Limited information available —
Trading Conditions and Platform Technology
"The conditions of trading, including spreads, leverage, and minimum deposit, are factors that are necessary for analysis of the brokers’ suitability. However, the specific information regarding the conditions of Galileo FX is not clearly documented online,"
Likewise, details regarding the trading platforms supported by Galileo FX, whether it encompasses popular trading platforms such as MetaTrader 4 or proprietary software, remain unknown. This could be problematic for traders who place great importance on platform stability and innovative trading services.
Fee Structure
Knowledge of the cost structure is essential for traders to effectively manage costs. Unfortunately, information regarding the fees charged by Galileo FX, including fees for deposit and withdrawal, is not publicly known.
A lack of transparency regarding fees makes it impossible to evaluate the level of competition and cost-effectiveness of the broker. This is because traders are encouraged to seek information about fees from Galileo FX.
User Experience and Market Reputation
Client reviews and market reputation go a long way in defining the reliability and performance standards of a broker. Unfortunately, little to no publicly available information or reviews exist about Galileo FX on this front.
It will prove difficult to estimate the general experience provided without any proofs of endorsement or assessments from any third party. This aspect would have to be taken into account seriously by potential clients.
Conclusion
Galileo FX is branded as a trading broker operating in the financial services industry; however, little information has been found on Galileo FX and its reputation as a financial service provider.
All potential traders who are thinking of doing business with Galileo FX are advised to be cautious and to communicate directly with the broker. Integrity and compliance are essential to ensure a safe trading environment.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Galileo FX. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Galileo FX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
3 account types on record. Leverage up to 1:1.
3 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| RegularStandard | Not recorded | 1:1 | Not specified |
| RegularStandard | Not recorded | 1:1 | Not specified |
| ProVIP | Not recorded | 1:1 | Not specified |
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 3 credit instantly.
4 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferDeposits and withdrawals may require additional verification steps; available in most regions but may require prior arrangements. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Up to 1 day |
Credit/Debit CardCredit CardSome users may face limits on transaction amounts; widely accepted. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Instant |
E-Wallet (e.g., PayPal)E-WalletNot all users may have a PayPal account; available in most regions where PayPal operates. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Instant |
CryptocurrencyCryptocurrencyCryptocurrency is not recognized legal tender in the USA and other countries; may be subject to extreme price volatility and regional regulations. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Instant |
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 5 and MetaTrader 4.
2 platforms
MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
Runs on
- Web
Details
Websites
Global Domains
5 domains on record. All active and served over HTTPS.
5 domains
Company registry check
Company Registration
The operating company is Orion Software Development S.r.l.. Registered in Italy. Registration number REA AR-205531 (VAT and CF 02372550513).
Verified on registry
- Legal entity
- Orion Software Development S.r.l.
- Registration number
- REA AR-205531 (VAT and CF 02372550513)
- Jurisdiction
- Italy
- Incorporated
- May 13, 2020
- Registry
- Registro Imprese (Italian business register, via InfoCamere official distributor)
- Registered address
- Via Della Fiorandola 18, 52100 Arezzo (AR), Italy
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Galileo FX offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Galileo FX
This recordItaly · since 2020· Orion Software Development SrlNot recordedRegulationNo RegulationMax leverageNot recordedPlatforms2LicencesNot recordedFineco
Italy · since 1999· FinecoBank S.p.A.Wikilix score 50.0RegulationRegulatedCONSOBMax leverage1:1PlatformsNot recordedLicences2ADCB
United Arab Emirates · since 2018· ADCB SecuritiesWikilix score 42.0RegulationRegulatedSCAMax leverage1:1PlatformsNot recordedLicences1ORBIT GLOBAL
Mauritius · since 2021· Orbit Global Markets LTDWikilix score 38.0RegulationOffshoreFSCMax leverage1:200Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Galileo FX
Most Popular Questions
The official website does not specify the types of accounts or leverage options available at Galileo FX.
Galileo FX offers customer support via live chat during business hours and email at support@galileofx.com. They provide support in English and maintain social media presence on Facebook, Twitter, and YouTube.
The minimum deposit amount for Galileo FX is not specified. The minimum deposit currency is listed as USD, but no exact amount is given.
Galileo FX supports MetaTrader 4 and MetaTrader 5 platforms.
According to the provided data, Galileo FX is not regulated.
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