Galaxy ECN Forex Broker

Galaxy ECNReview SummaryFounded2023-11-15Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Commodities, Metals, Indices, Energies & SoftsDemo Account✅LeverageUp to 1:500SpreadStart from 0Trading PlatformMT4Min Deposit$200Customer SupportPhone: +971 50 7982131Email: support@galaxyecnltd.comGalaxy 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 ConsPros Cons 24/7 SupportUnregulatedLeverage up to 1:500Bad review: Difficult to withdraw moneyDemo account availableOfficial website inaccessibleVarious trading markets: forex, commodities, metals, indices, etc.Multiple account types: standard, pro, and VIPSpread as low as 0Is 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.Tradable Instruments Supported Forex✔Commodities✔Metals✔Indices✔Metals✔Energies✔Softs✔Bonds❌Mutual Funds❌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.Account Type StandardProVIPApplicable peopleBeginners and intermediate tradersExperienced and active tradersHigh-volume and institutional tradersLeverage1:1001:2001:500Spreads0.2-0.4 pips0.1-0.2 pips0.0-0.1 pipsCommissions$2-$10 per lot$1-$5 per lotNot mentionedMinimum Deposit$200$10000$50000Demo AccountYes, unlimited durationYes, unlimited durationYes, unlimited durationGalaxy 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.Trading PlatformSupported Available Devices MT4✔DESKTOP, ANDROID, and iOSDeposit 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.Contact Options DetailsPhone +971 50 7982131Email support@galaxyecnltd.comSupported Language EnglishWebsite Language EnglishPhysical Address 71-75, Shelton Street London, GreaterLondon, United Kingdom Wc2H 9JQ