GalaxyStockTrade Spreads, leverage, minimum deposit Revealed

GalaxyStockTrade Information

　　GalaxyStockTrade is an unregulated broker that offers tradable instruments including stocks, forex, CFDs and cryptocurrencies. GalaxyStockTrade also provides full-day customer support, requiring spreads starting from 1.2 pips, commissions of $0.05 per lot, and a maximum leverage of 1:500.

Pros and Cons

Is GalaxyStockTrade Legit?

　　GalaxyStockTradem is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on GalaxyStockTrade?

　　GalaxyStockTrade provides tradable instruments for Forex, stocks, CDFs, and cryptocurrencies including Bitcoin.

Account Type

　　Traders can choose to open a standard or a VIP account. GalaxyStockTrade also provides demo accounts for newbies. In addition, deposits into VIP accounts will receive a 20% deposit bonus.

GalaxyStockTrade Fees

　　GalaxyStockTrade provides EUR/USD with a spread of 1.2 pips and a commission of $0.05 per lot.

Leverage

　　The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.

Trading Platform

　　GalaxyStockTrade has its proprietary trading platform. In addition, the broker also provides authoritative MT4 and MT5 platforms. MT4 is more suitable for beginner traders, while MT5 is recommended for advanced traders.

Deposit and Withdrawal

　　The minimum deposit is $100. GalaxyStockTrade accepts credit/debit cards, wire transfers, e-wallets, and bitcoin payments. The handling fee for wire transfer is $30, while the payment ratios for credit/debit cards, e-wallet, and bitcoin are 3%, 2%, and 0.5% respectively.

Customer Support Options

　　GalaxyStockTrade provides 24/7 customer support, and traders can communicate via online chat, phone, and email.