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GALAXY PRIME FX

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Operating status: SCAM

Website: https://galaxyprimefx.com/

Broker violations and abnormal records
  • 2023-07-09 The Spanish CNMV issued a warning against GALAXY PRIME FX

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GALAXY PRIME FX to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GALAXY PRIME FX to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
  • 2023-07-10 BrokersView has reviewed that GALAXY PRIME FX is an unregulated broker

    GALAXY PRIME FX provides a US business license to appear legal. However, as a forex broker, GALAXY PRIME FX is required to be a member of the National Futures Association (NFA). We searched the NFA register and have been unable to find any record matching the company. It means GALAXY PRIME FX is not supervised.

    Additionally, the Comisión Nacional del Mercado de Valores (CNMV) added GALAXY PRIME FX to its warning list for providing investment services without authorization.

    In essence, GALAXY PRIME FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    GALAXY PRIME FX provides a US business license to appear legal. However, as a forex broker, GALAXY PRIME FX is required to be a member of the National Futures Association (NFA). We searched the NFA register and have been unable to find any record matching the company. It means GALAXY PRIME FX is not supervised.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) added GALAXY PRIME FX to its warning list for providing investment services without authorization.In essence, GALAXY PRIME FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

can i trust galaxyprimefx

mrkhan
South Africa
2024-01-10
ANSWER We regret to inform you that GALAXY PRIME FX is an unlicensed trading platform. Its website, https://galaxyprimefx.com/, is currently down. You cannot trust GALAXY PRIME FX. We strongly advise against any further interactions with this entity under any circumstances. It's a harsh reality that many have unfortunately discovered that it's virtually impossible to reap benefits from an unlicensed trading platform.Our records indicate that GALAXY PRIME FX previously claimed to be registered in the US. However, to operate as a legitimate forex broker in the US, it is compulsory to be a registered member of the National Futures Association (NFA), which it is not. The location GALAXY PRIME FX claimed, "12 Kensington Gardens, Ferryhill, DL17 USA", appears to be used by various entities, some of which are fraudulent. This raises serious doubts about the legitimacy and authenticity of this address.In addition, the Comisión Nacional del Mercado de Valores (CNMV), Spain's financial regulator, has added GALAXY PRIME FX to its warning list for providing investment services without authorization. This serves as a strong indicator of the risks associated with GALAXY PRIME FX.Considering these factors, we see no valid reason for you to continue any engagements with GALAXY PRIME FX. Doing so may expose you to the risks of fraud and identity theft, which could have severe financial and personal consequences. We recommend reporting this scam to the relevant authorities or filing a complaint on our platform to join our fight against scams. If you have any additional information regarding GALAXY PRIME FX, please feel free to share it with us. Your cooperation is greatly appreciated.
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Do they allow hedging?

Baril Fabrice
Botswana
2023-07-17
ANSWER Upon our investigation, GALAXY PRIME FX is an unlicensed broker that has been warned by the Comisión Nacional del Mercado de Valores (CNMV) and hence we strongly suggest you exercise extreme caution and drop the plan to engage with this fraudulent platform, despite the seemingly attractive it offers.If the US business license GALAXY PRIME FX provides is real, this company, as a forex broker, is required to be a member of the National Futures Association (NFA). However, we searched the NFA register but failed to find any record matching the company. This means GALAXY PRIME FX is not supervised.Additionally, the CNMV has added GALAXY PRIME FX to its warning list for illegally providing investment services without proper authorization.In conclusion, GALAXY PRIME FX is not regulated. Once your money and personal information are held by this fraudulent trading platform, you are exposed to fraud and theft as there are no rules in place to safeguard investors' interests. Therefore, investors are encouraged to stay away from unlicensed brokers like GALAXY PRIME FX and instead choose a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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