Galingo - a review of a new fake broker

Carefully! Galingo is suspected of fraud!

Since the relevance of the topic of making money on trading is increasing daily, it is important for network users to know how to choose a broker and why you cannot trust all offices that can make beautiful promises. There are a lot of scammers on the network who steal money under the pretext of trading in financial markets, so brokers should be carefully checked immediately before starting cooperation.

A striking example of how trust in beautiful promises can lead to the loss of a considerable amount of money is the Galingo office, which portrays a world-famous stock trader. Outwardly, everything looks nice and attractive, but a deeper check of the office proves that Galingo are scammers who have no intention of paying users. There are plenty of such scams on the net, and the goal of all such projects is the same, so cooperation with such sites will not end well.

Briefly about the company and the proposed working conditions

Having got acquainted with the site of another fake stock trader, it can be noted that the swindlers did not come up with anything new. Beautiful advertising is present in almost every offer on the site, which attracts the attention of beginners, forcing them to bring money here. Of the main offers of the office and its stories about itself, studied during the review of Galingo, it is worth highlighting the following:

• you can trade shares of leading companies without commissions;
• the platform on the site is advanced, it works quickly and productively;
• there are three trading accounts on the site, the initial replenishment has an indicator of 500 dollars or euros;
• the starting spread size is 0.5;
• the maximum site commission per lot is $2;
• users will be able to trade the most popular currency pairs;
• analytics is available on the site, there are trading signals and news;
• the company is registered in Cyprus, conducts its activities completely officially;
• on the site you can engage not only in active trading, but also in investing;
• the registration process takes a few clicks, takes a couple of minutes;
• the company has been awarded numerous awards because it serves users on optimally transparent terms;
• the broker was founded in 2013 and is regulated by the Cyprus Securities Commission;
• the maximum leverage is 1:500;
• You can trade on MT4 and MT5 terminals;

• the starting investment for investors is $300;
• the company guarantees complete security for users, you can also use a universal trading account on the site;
• the broker constantly sets goals that help the company develop and receive stable income for clients.

Having fully examined the site of the office, we can say that it was made crookedly and of poor quality, and the content is generally incomprehensible, respectively, the office cannot be a licensed broker, awarded. As for the reviews about Galingo, they are just beginning to appear, and the nature of these comments is negative, so you should not deal with the office.

How ordinary people are deceived on the Galingo website

By carefully checking the broker and his work much deeper than it is shown to users on the site, you can understand that the office is fraudulent and no one will be paid money here. A full check of the Galingo scam and real facts about its activities allows you to find out the following information:

• the office is lying about the date of its foundation and bought a domain with experience quite recently;
• at the registration address indicated by the office, there is indeed a business center, but it was not possible to confirm the fact that there is an office of the office in this room;

• there is a minimum of useful information for customers on the site, and the resource itself is made quite crookedly and of poor quality;
• checking the office by name and license number on the website of the Cypriot regulator was unsuccessful;

• there is no certificate of incorporation on the site, it was not possible to confirm the fact of registration of a brokerage firm with that name;
• the office was not honored to present the Privacy Policy and agreements to the attention, but warned about the risks in the footer of the site;
• the level of attendance of the resource is low, there are practically no additional data and reviews on the network about the office;
• there is no specific procedure for withdrawing funds from Galingo.

The facts described above are direct evidence that Galingo are scammers who are not related to real trading, so cooperation with this site is not even worth starting. This project was created to raise funds from the public and deceive, cooperation with it for each user will end only with a minus in the wallet.

Presentation of basic data about the office website

To confirm the fraud and dishonest intentions of the sharashka office, a full check of its domain was allowed. A detailed review of the official website of Galingo and data on its functioning, gave the following results:

• location address of the sharashka office in the network - https://galingo.com/;
• domain name registration data – the project was created in 2015 on November 19, but its owner changed in 2022 on January 11;
• the owner of the office and his data - information about the owner is hidden;
• feedback from users and site contacts - to the attention of customers, the site has drawn the address of the office, as well as email addresses [email protected], [email protected], [email protected]

Carefully considering the contacts of the office, it can be noted that telephone numbers were not indicated here, because they do not want to conduct live communication with clients. Fraudsters do everything to ensure that the communication is one-way and they do not have to listen to claims.

Customer opinion about Galingo

The first reviews about Galingo and the work of the office have only recently begun to be written on the net, because charlatans have recently acquired an experienced domain, starting to use it to realize their dirty goals.

Netizens believe that the project is fraudulent and created to steal money, and to start working with it is to harm yourself. It is really very difficult to find a good broker now, and the data on all offices offering intermediary services should be checked as carefully as possible.

Used sources

To write this article, information was used from the official website of the company in question, additional data was obtained from the sites cysec gov cy, google com, whois-service ru, otzyvru com.