Abstract:Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if it’s a good choice for your investment or not?
Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if its a good choice for your investment or not?
Galileo FX is an authentic automated trading platform operated by Orion Software Development SRL and based in Europe. It is not regulated by any top-tier authority, so there would be concerns about its regulation. Therefore, be cautious.
Yes, Galileo FX is an AI-driven automated trading system, commonly known as a trading bot. It utilizes sophisticated algorithms and machine learning techniques to study market trends and carry out trades in multiple financial markets such as forex, cryptocurrencies, and stocks.
According to the broker, their corporate office is located at their legal headquarters:
Orion Software Development SRL
Via Fiorandola 18, 52100 Arezzo, Italy.
1. Trading Bot Is a Scam
Users are accusing the broker of being a scam and warning others not to invest with them. Many are criticizing its AI trading bot, calling it the worst AI bot theyve ever seen. Some even claim that the company is not honest.
One user reported that customer service ignored him for two whole weeks and then never responded.
A user warned others not to be fooled by the brokers positive reviews, as they are fake. He shared his real experience, saying that after reading positive reviews, he approached the broker but ended up losing money because the broker turned out to be a scam.
Two users said the broker does not offer any refunds and that the bot does not deliver the desired results. They also complained about poor service.
Conclusion
Therefore, there is a risk in engaging with this broker. After reading the above reviews, you should be aware of the potential risks with Galileo FX. One of the most important red flags is the lack of regulation by any top-tier financial authorities. Galileo FX is not regulated by well-known and trusted regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Securities and Exchange Board of India (SEBI). This absence of oversight raises serious questions about the brokers accountability,
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