GALAXY DIGITAL SP has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use GALAXY DIGITAL SP for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Reliable uptime|Comprehensive tools
Cons: None so far|Would like more payment methods
GALAXY DIGITAL SP advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Two-factor authentication|Professional team|Full transparency|Tax reports included
Cons: Limited ETF selection|Minimum deposit could be lower
Several red flags with GALAXY DIGITAL SP: (1) They promise unrealistically high returns, (2) They're not registered with Comisión Nacional del Mercado de Valores, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Comisión Nacional del Mercado de Valores|Cannot verify credentials
The so-called education at GALAXY DIGITAL SP is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: High security standards|Multiple order types|Tax reports included|Clean UI
Cons: Limited ETF selection|No integrated tax optimization
Opened my account with GALAXY DIGITAL SP through a podcast recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Easy to use platform|Regular platform improvements|High security standards|Wide product range
Cons: Wait times can be long during peak hours
The spread at GALAXY DIGITAL SP is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Stable platform|High security standards|Dedicated account manager|Risk management tools
Cons: Onboarding videos are outdated|Limited ETF selection
I lost a significant amount because GALAXY DIGITAL SP did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Excellent charting|Economic calendar|Quick verification
Cons: Limited ETF selection|No phone support on weekends
My withdrawal request from GALAXY DIGITAL SP has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Market news feed|Portfolio tracking tools|Comprehensive tools|Dedicated account manager
Cons: None so far
I have been trying to close my account with GALAXY DIGITAL SP for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Intuitive for beginners|Regular platform improvements|Reliable uptime
Cons: Wait times can be long during peak hours|Account statements could be more detailed
I was contacted by GALAXY DIGITAL SP through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics