Trade Galactica Review – Is Trade Galactica Scam or a Proper Broker?

Trade Galactica Review

I have seen a lot of online brokers that keep talking about security, but when you look into their security features, it’s an old story. They are still relying on a lot of old-school and outdated security measures that are not even effective anymore.

The result of their outdated security measures is that the traders are never at peace and due to lack of mental tranquility, they aren’t able to trade the way they should. I will tell you in this Trade Galactica review why I think this broker’s safety features are aptly designed for modern traders to show them they are safe.

I am not talking about safety in terms of no-risk trading. I am talking about safety in terms of information, privacy, funds, etc. The company takes some great steps to ensure that you are safe on its platform and the integrity of your account is maintained at all costs. Let me give you some examples how.

The Security of Your Trading Account

When you have a trading account with Trade Galactica or any other broker for that matter, you have to guard it like you protect your banking account. Keep in mind that all your trading funds are resting in this account so its safety is crucial.

However, you can’t really do all of this personally and the help from your broker is inevitable. This company makes sure that the security that your trading account deserves is given. So, as a first measure, it monitors your account 24/7 to detect suspicious activities and even temporarily blocks the account when it identifies any such activity.

Furthermore, the company has set up 2FA authentication on all accounts to add two layers of security for every trader. When it comes time for you to sign in, you enter a password first and then a code that’s sent to you on your SMS or email.

The Protection of Your Money and Information

This is probably the most sensitive matter for any online trader today. You don’t want to lose your information at any cost. Modern traders would agree to lose some money rather than losing a piece of their personal data because they know the great damage it can cause them.

The money you deposit in your trading account with Trade Galactica and the information you provide on the website are both protected through the latest means. Firstly, your information is protected through 256-bit encryption, which means no one can snoop into your information and steal it just like that.

Furthermore, the funds you deposit in your paid trading account go into a segregated account that the company has opened at a regulated bank. You can rest assured that your funds are protected and kept separately in accounts that only belong to you.

Do keep in mind that the company also adheres to the KYC and AML policies to provide traders with the protection they need in terms of the transparency of its trading platform.

Demo Accounts and Risk-free Trades

You may qualify for some risk-free trades based on the account you pick. Usually the company does not offer these benefits to those who are just signing up. However, if you go with an advanced or pro account, you might get this benefit. It allows you to complete a few starting trades without any fear of losing money.

Furthermore, you also have a demo account provided to you by Trade Galactica as soon as you sign up. This trading account is more like a dummy account for you to practice trading on the platform. It allows you to learn the platform as well as the method of trading.

Final Thoughts

As you can see, I have only talked about features that are modern in nature and give you the mental freedom that’s crucial to successful trading. If this is your first time trading or finding a platform for trading, I highly recommend you look deeper into this platform and its features before you make up your mind.