Trade Galactica is a CFD broker with positive online reviews and a headquarters in the United Kingdom. According to the legend from the official website, the company has been operating since 2018, and its main objective is to provide traders with the best conditions and opportunities for earning in the financial markets. However, can the firm be trusted with money if it has not obtained a license, has no insurance or compensation fund, and does not disclose information regarding its business model?
How to Trade
You can start trading with $2,500 after registering an account and successfully passing verification. Trade Galactica specializes in CFDs, therefore only such types of instruments are available: forex, stocks, cryptocurrencies, commodities, metals, and indices.
Traders can choose from one of 6 types of accounts at Trade Galactica. Each subsequent tariff has a higher minimum deposit but also offers more diverse additional opportunities:
Account supervisor.
Risk-free trades.
Seminars and customer support 24/7.
Daily signals and strategies.
Analytical consulting and market analysis.
Bonuses.
Trade Galactica also guarantees a passive income from 2.5% to 33%, but the period for this is not specified. The presence of such a service suggests a financial pyramid scheme.
Trade Galactica Vital Info
Is the broker really operating since 2018, as stated on the official website? Or could it be that the company is falsifying its period of operation? Then why did the website’s domain only appear on March 17, 2022? Trade Galactica could not have existed before 2022, or there was some other domain about which we are not informed.
It is a British organization, with details available in the UK legal entities register, yet the date of incorporation is listed as June 28, 2023. This also proves the false information about having experience since 2018.
Trade Galactica is required to obtain a license from the FCA, which monitors the activities of brokerage firms in the UK. However, a check of this register did not reveal the presence of the broker. Why has the company not obtained a license? What is wrong with it?
FAQ
What are the key facts about Trade Galactica?
The website states: founded in 2018 and has a legal address in the UK. However, the operating period turned out to be fabricated, as the domain was only registered in 2022, and legally the firm appeared only in mid-2023. Such a legal entity is in the Companies House register, but there are no confirmations that it actually belongs to the subject of our review. And there are definitely no licenses, as this organization is not found in the FCA. Additionally, the platform does not disclose its business model, leaving traders in the dark about how orders are processed.
What's the risk to my wallet when working with this broker?
It is important to remember the risks inherent in margin CFD trading. Due to leverage, many traders completely lose their money. However, the most significant risk with Trade Galactica lies in its illegal activity, because there is no regulation. The platform has no license, so client deposits are not protected at all, and the firm may manipulate quotations, delay withdrawals, or outright refuse to withdraw funds.
How can I give my thoughts about tradegalactica.com?
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The Goods & The Bads
Not found.
Inadequate conditions, particularly non-competitive requirements for the minimum deposit.
The company operates on the principle of extracting money with the "pay more to get more" approach.
Trade Galactica operates without a license.
It has a short operating history, although 2018 is claimed as the year of establishment.
I goofed up and lost more than 21k dollars. Let me briefly tell you my sad story. Spoiler alert - Trade Galactica first tricked me out of 6k dollars, then another 15k. They promised me expert assistance and trading signals, I topped up the deposit, and also passed identity verification. They fed me nonsense about regulation, guaranteed reliability, and even the presence of a compensation fund. But trading with the expert on his signals only brought losses, in the end, unrealized PNL reached -4k dollars. At that moment, the “expert” suggested replenishing the deposit 2-3 times more, to average the losing positions, because soon there would be a market turnaround, and it was possible to break even and also make a good profit. I invested another 15k, making a total deposit of 21k dollars.
It didn’t help, the deposit kept melting before my eyes. In the end, I got a margin call and -21k dollars. Now the scammers from Trade Galactica are not in contact with me, and I consulted a lawyer who said that it is impossible to get the money back. Please be careful with these swindlers.
Got stuck with three thousand dollars - what can be done? The managers at Trade Galactica are silent. Maybe file a complaint with the FCA? After all, it's a British broker; they should somehow regulate the activities of such firms.
Their account type division is somewhat strange... I decided not to trade here because of it, as to get normal capabilities, one has to invest huge amounts of money... What's the point of opening the first type of account for $2.5K if there's no functionality anyway? It's much more reasonable to immediately opt for at least a “Standard” account, but there the minimum threshold is $50K - a lot... I see no sense in trading under such conditions when there are plenty of brokerage intermediaries with more favorable opportunities... I know several companies where even investing $100, you get exactly the same set of additional services... What's the point of trading with Trade Galactica? I don’t know… explain it to me...
I wouldn't venture onto a platform without a license and with hidden conditions because it's random. You don't know how profitable it is to trade with Trade Galactica. There are also big doubts concerning the safety of your funds. You can easily run into a scam. So why risk it when you can avoid risking.
I think it's not the best idea to trust a broker and give them your deposit if they lie about their experience. The company confidently talks about 2018 as its launch date, but if you check the legal register, it's clear that TRADE GALACTICA was only registered in 2023. How should this be understood? Why not tell the truth about your founding date? What's the purpose of this lie? To appear as a more advanced and experienced brokerage firm? Such deception only repels and leads to appropriate thoughts about potential scams.
Therefore, I recommend not taking risks; there are far more tested and safer firms that do not lie to their users and operate transparently and responsibly. Such deceptive brokers should be avoided. Now they lie to you about their duration of operation, and tomorrow they will lie about the impossibility of withdrawing money. Why take such a risk?
I have nothing against CFDs, but that particular broker is a disgrace and a scam. Don't even think about opening a deposit with trade galactica, because you will definitely lose money. No license found, so scam broker can do whatever it wants. Fraudsters can draw quotes so that your stop-losses are always hit, and also so that you get margin calls. Besides, they can block your account without the possibility of withdrawing money, or freeze it, and they will never explain the reason, and will not even communicate. Do you want this? I think no trader wishes for such problems.
IMHO. Scammers bought the domain www.tradegalactica.com in 2023, when they saw that an organization with such a name appeared in the UK legal entities register. The fraudsters did this to swindle trusting traders for money under the guise of a real existing organization. The criminals point to the presence of TRADE GALACTICA LIMITED in the legal entities register, and the potential victim thinks they will be cooperating with a legal firm, but this is not the case.
Then the victim transfers money, it gets stolen, and nothing is returned. The whole sad and fraudulent story.
Blatant brokerage fraud, where there's no chance of earning. Every broker must obtain a license, especially British firms. But somehow, I don’t see Trade Galactica on the Financial Conduct Authority register. At the same time, other possible guarantees are also absent (offices, social networks, names of the heads, insurances, any partnerships, or listing on the stock exchange). So, it's risky to trade here, I would even say, a 100% risk of losing the deposit.
don't believe the positive reviews about trade galactica on the internet because they are fake... many people trusted the broker with their money but then lost it... real reviews are complaints about the impossibility of withdrawing funds and earning anything...
Last month, I registered an account with Trade Galactica. Straight to the negatives of the firm: no demo account and a high minimum deposit. I have money left over from the sale of my grandmother's house, but for some, $2,500 is a huge amount for an initial deposit. I sincerely do not understand why not lower this threshold at least 10 times or offer a cent tariff. And yes, add a demo account already.
Now to the more positive aspects. The commissions and spreads are not as high as expected, so profitable trading is really possible. I don't need hundreds of assets, just the major currency pairs, and they are all available, for example, USD/JPY, EUR/USD, or GBP/USD. The platform is primitive but doesn't lag, which is most important. Anyway, I do technical analysis in Tradingview, not in Trade Galactica. The only thing I haven't checked is the withdrawal of funds, as I made a small profit, not enough to withdraw.
It is my experience of cooperation. More good than bad.
Fellow traders, be careful! Trade Galactica lures novices with sweet and profitable conditions, and then blocks their accounts and refuses to return funds. Stay as far away as possible from such a fake company to not end up on the list of those who lost their deposit.
My brother got scammed for money. He had been saving up to buy a car and wanted to speed up the process by trying his hand in the financial market. However, he chose trade galactica, which he should never have chosen, because it's an illegal organization created by anonymous scammers. In the end, he invested $5000 on the site tradegalactica.com, and then couldn't withdraw when he earned an additional $2000. It's been several months, but nothing happens. He wanted to earn quickly, but only made everything worse.
You can't find a worse broker, this scam fake platform takes first place among the likes. I do not advise even registering an account, although you won’t be able to anyway, because registration here is closed. The scammers themselves look for victims to swindle money from.
I goofed up and lost more than 21k dollars. Let me briefly tell you my sad story. Spoiler alert - Trade Galactica first tricked me out of 6k dollars, then another 15k. They promised me expert assistance and trading signals, I topped up the deposit, and also passed identity verification. They fed me nonsense about regulation, guaranteed reliability, and even the presence of a compensation fund. But trading with the expert on his signals only brought losses, in the end, unrealized PNL reached -4k dollars. At that moment, the “expert” suggested replenishing the deposit 2-3 times more, to average the losing positions, because soon there would be a market turnaround, and it was possible to break even and also make a good profit. I invested another 15k, making a total deposit of 21k dollars.
It didn’t help, the deposit kept melting before my eyes. In the end, I got a margin call and -21k dollars. Now the scammers from Trade Galactica are not in contact with me, and I consulted a lawyer who said that it is impossible to get the money back. Please be careful with these swindlers.
Got stuck with three thousand dollars - what can be done? The managers at Trade Galactica are silent. Maybe file a complaint with the FCA? After all, it's a British broker; they should somehow regulate the activities of such firms.
Their account type division is somewhat strange... I decided not to trade here because of it, as to get normal capabilities, one has to invest huge amounts of money... What's the point of opening the first type of account for $2.5K if there's no functionality anyway? It's much more reasonable to immediately opt for at least a “Standard” account, but there the minimum threshold is $50K - a lot... I see no sense in trading under such conditions when there are plenty of brokerage intermediaries with more favorable opportunities... I know several companies where even investing $100, you get exactly the same set of additional services... What's the point of trading with Trade Galactica? I don’t know… explain it to me...
I wouldn't venture onto a platform without a license and with hidden conditions because it's random. You don't know how profitable it is to trade with Trade Galactica. There are also big doubts concerning the safety of your funds. You can easily run into a scam. So why risk it when you can avoid risking.
I think it's not the best idea to trust a broker and give them your deposit if they lie about their experience. The company confidently talks about 2018 as its launch date, but if you check the legal register, it's clear that TRADE GALACTICA was only registered in 2023. How should this be understood? Why not tell the truth about your founding date? What's the purpose of this lie? To appear as a more advanced and experienced brokerage firm? Such deception only repels and leads to appropriate thoughts about potential scams.
Therefore, I recommend not taking risks; there are far more tested and safer firms that do not lie to their users and operate transparently and responsibly. Such deceptive brokers should be avoided. Now they lie to you about their duration of operation, and tomorrow they will lie about the impossibility of withdrawing money. Why take such a risk?
I have nothing against CFDs, but that particular broker is a disgrace and a scam. Don't even think about opening a deposit with trade galactica, because you will definitely lose money. No license found, so scam broker can do whatever it wants. Fraudsters can draw quotes so that your stop-losses are always hit, and also so that you get margin calls. Besides, they can block your account without the possibility of withdrawing money, or freeze it, and they will never explain the reason, and will not even communicate. Do you want this? I think no trader wishes for such problems.
I'm trying to contact the managers, but there's no answer. Do they exist at all? Is the firm operating or has it finished? What's the trick?
IMHO. Scammers bought the domain www.tradegalactica.com in 2023, when they saw that an organization with such a name appeared in the UK legal entities register. The fraudsters did this to swindle trusting traders for money under the guise of a real existing organization. The criminals point to the presence of TRADE GALACTICA LIMITED in the legal entities register, and the potential victim thinks they will be cooperating with a legal firm, but this is not the case.
Then the victim transfers money, it gets stolen, and nothing is returned. The whole sad and fraudulent story.
Blatant brokerage fraud, where there's no chance of earning. Every broker must obtain a license, especially British firms. But somehow, I don’t see Trade Galactica on the Financial Conduct Authority register. At the same time, other possible guarantees are also absent (offices, social networks, names of the heads, insurances, any partnerships, or listing on the stock exchange). So, it's risky to trade here, I would even say, a 100% risk of losing the deposit.
don't believe the positive reviews about trade galactica on the internet because they are fake... many people trusted the broker with their money but then lost it... real reviews are complaints about the impossibility of withdrawing funds and earning anything...
Last month, I registered an account with Trade Galactica. Straight to the negatives of the firm: no demo account and a high minimum deposit. I have money left over from the sale of my grandmother's house, but for some, $2,500 is a huge amount for an initial deposit. I sincerely do not understand why not lower this threshold at least 10 times or offer a cent tariff. And yes, add a demo account already.
Now to the more positive aspects. The commissions and spreads are not as high as expected, so profitable trading is really possible. I don't need hundreds of assets, just the major currency pairs, and they are all available, for example, USD/JPY, EUR/USD, or GBP/USD. The platform is primitive but doesn't lag, which is most important. Anyway, I do technical analysis in Tradingview, not in Trade Galactica. The only thing I haven't checked is the withdrawal of funds, as I made a small profit, not enough to withdraw.
It is my experience of cooperation. More good than bad.
Fellow traders, be careful! Trade Galactica lures novices with sweet and profitable conditions, and then blocks their accounts and refuses to return funds. Stay as far away as possible from such a fake company to not end up on the list of those who lost their deposit.
My brother got scammed for money. He had been saving up to buy a car and wanted to speed up the process by trying his hand in the financial market. However, he chose trade galactica, which he should never have chosen, because it's an illegal organization created by anonymous scammers. In the end, he invested $5000 on the site tradegalactica.com, and then couldn't withdraw when he earned an additional $2000. It's been several months, but nothing happens. He wanted to earn quickly, but only made everything worse.
You can't find a worse broker, this scam fake platform takes first place among the likes. I do not advise even registering an account, although you won’t be able to anyway, because registration here is closed. The scammers themselves look for victims to swindle money from.