Galaxy Global Group

Galaxy Global Group is an Australian-registered entity operating under the domain yhggl.com. It was founded on June 30, 2020, and claims an Australian Securities and Investments Commission (ASIC) license with a Market Making designation. However, the status of this license is listed as blank in regulatory records, raising questions about its active validity.

The broker's core business could not be independently verified due to the absence of a comprehensive web presence or user reviews. This lack of public information is a significant red flag for potential investors.

The only regulator on file for Galaxy Global Group is ASIC, with a Market Making license type. Our cross-reference with public registers shows that the license status is not confirmed as active. This ambiguity means clients may not have the protections typically afforded by a fully licensed Australian Financial Services (AFS) licensee.

It is important to note that unauthorized or improperly licensed entities can pose serious risks, including inability to recover funds in case of disputes. FXCanary advises verifying any license directly with the regulating body before depositing funds.

FXCanary's proprietary Scam Risk Score for Galaxy Global Group is 85 out of 100, categorized as 'Severe'. This score is derived from factors including regulatory ambiguity, lack of user feedback, and limited transparency.

Without independent reviews or verifiable trading conditions, traders cannot assess execution quality, fee structures, or withdrawal processes. This opacity poses significant risk for retail investors.

As a precaution, we recommend that only experienced traders with high risk tolerance consider such brokers, and even then only after thorough due diligence.