GalanTrade Review : Fees, Pros and Cons, Reviews by Real Traders

GalanTrade

Operating status: SCAM

Website: https://www.galantrade.com/

Broker violations and abnormal records

Mar 01, 2022 BrokersView has reviewed that GalanTrade is an Unregulated Forex Broker
GalanTrade claims it is owned and operated by Vigo and Co LLC and it is located in St. Vincent and the Grenadines. However, we did not find any match results to GalanTrade or Vigo and Co LLC in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does not regulate forex trading, which means even having registration in SVG FSA is not enough for a broker to do forex trading. The truth is, GalanTrade is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

GalanTrade claims it is owned and operated by Vigo and Co LLC and it is located in St. Vincent and the Grenadines. However, we did not find any match results to GalanTrade or Vigo and Co LLC in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does not regulate forex trading, which means even having registration in SVG FSA is not enough for a broker to do forex trading. The truth is, GalanTrade is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
Apr 27, 2022 The Italy CONSOB Added GalanTrade into Its Warnings
On 13 June 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GalanTrade is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-28-april-2022/718268

On 13 June 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GalanTrade is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-28-april-2022/718268
May 17, 2022 BrokersView has found that GalanTrade is not working
BrokersView found the domain https://www.galantrade.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain https://www.galantrade.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Jun 12, 2022 The Italy CONSOB Warns GalanTrade Again
On 13 June 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GalanTrade is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

On 13 June 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that GalanTrade is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

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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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