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Is Galileo FX legit?

Broker Issues
Galileo FX
Regulation
07-30
United States
WikiFX
Reply

In terms of whether Galileo FX is legit, I believe that the software itself is legitimate in the sense that it functions and provides automated trading strategies, but the lack of regulation is a concerning factor. From the testimonials and success stories I've seen, many users report good experiences with the platform, with some mentioning impressive profits. However, the absence of regulatory oversight means there’s no external verification of the software’s performance or business practices, which raises doubts for me. Just because a product has positive Galileo FX reviews doesn’t necessarily make it trustworthy. While the AI trading aspect and its ability to execute trades across multiple markets are appealing, I believe that being unregulated could expose traders to unnecessary risks. From my perspective, the absence of regulation could make it harder to resolve disputes if something goes wrong. So, even though Galileo FX may be legitimate in its function, I would always prioritize regulated services over unregulated ones for peace of mind.

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