Galaxy ECN Spreads, leverage, minimum deposit Revealed

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

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.

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.

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.

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.