Is Galileo FX reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Galileo FX is worth your money or scam.
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About Galileo FX
Galileo FX is a forex robot available on the vendor’s website. The developer’s information is not mentioned nor trading experience. Location shows Suite 1892, 64 Mount Street Lower, Dublin, D02 TH77, Ireland.
Galileo FX claims to give advantage in the financial market with its expert strategies. Here, it offers forex traders a money management system that places stop loss and take profit levels.
The vendor claims the EA does not waste margin. Also, there are different account plans like the personal pack for $199 ($1000 monthly profit), ultimate package $399 ($5000 monthly profit) and unlimited pack $899 (no profit limit).
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galileofx.com: Reasons to Avoid This EA
galileofx.com is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
Galileo FX has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
The vendor fails to mention the trading strategy of the EA. Not providing forex traders the trading insights leave nothing but a red flag.
Galileo FX Trading Strategy
Galileo FX does not mention the trading strategy for forex traders. Here, it shows 1H time frame.
Galileo FX Trading Results
Galileo FX shows a real account on IC markets dated Oct 4, 2020. Leverage presented 1:500 and a deposit of $2,186. The average monthly profit was 26.97% and maximum drawdown of 21.57%
The system closed 1587 trades with 14,703 pips. Average win was 12.62 pips and average loss -8.87 pips.
Conclusion: Is galileofx.com a reliable Forex Robot?
We say galileofx.com is not a reliable forex robot. The lack of details on important insights is a turn off. EA with promises like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money is a red flag.
To this end, we do not recommend this EA for use for reasons we have mentioned.
If however, you have anything to say, kindly comment on the opinion section.Heading
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