ANSWER Galaxy Stock Trade is an unlicensed broker that we strongly advise against trading with despite the seemingly attractive deals it offers.Galaxy Stock Trade claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press release by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities didn't locate any matching record either.Regarding your question, Galaxy Stock Trade is an unlicensed broker that comes with huge risks including financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, investors are encouraged to stay away from unlicensed brokers like Galaxy Stock Trade and instead choose a fully regulated one.
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