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Galaxy ECN
United Kingdom|5-10 years| http://www.galaxyecnltd.com/
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No valid regulatory information, please be aware of the risk!
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1G
40G
Contact number
+971 50 7982131
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GalaxyECN
Galaxy ECN
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Galaxy ECN · Company Summary
| Galaxy ECNReview Summary | |
| Founded | 2023-11-15 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Metals, Indices, Energies & Softs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Start from 0 |
| Trading Platform | MT4 |
| Min Deposit | $200 |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| 24/7 Support | Unregulated |
| Leverage up to 1:500 | Bad review: Difficult to withdraw money |
| Demo account available | Official 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.
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 | ❌ |
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 | Standard | Pro | VIP |
| Applicable people | Beginners and intermediate traders | Experienced and active traders | High-volume and institutional traders |
| Leverage | 1:100 | 1:200 | 1:500 |
| Spreads | 0.2-0.4 pips | 0.1-0.2 pips | 0.0-0.1 pips |
| Commissions | $2-$10 per lot | $1-$5 per lot | Not mentioned |
| Minimum Deposit | $200 | $10000 | $50000 |
| Demo Account | Yes, unlimited duration | Yes, unlimited duration | Yes, 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 Platform | Supported | Available Devices |
| MT4 | ✔ | DESKTOP, ANDROID, and iOS |
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 |
| support@galaxyecnltd.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 71-75, Shelton Street London, GreaterLondon, United Kingdom Wc2H 9JQ |
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