Galileo FX Review

Galileo FX

Galileo FX received a common wordy presentation. It includes widgets from Trustpilot and is verified by Myfxbook trading results. The main claim was changed to “Easily Trade Forex, Stocks, and Crypto automatically.” 

Galileo FX at a glance

We have gathered the most important intel in the table:

Price$199, $399, $899
Trading PlatformsMT4/MT5
Currency PairsAny
StrategyGrid
TimeframeH1
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

Galileo FX functionality

Let’s talk about how the system functions and what we should expect from it:

  • The system executes orders automatically. 
  • We can work with any broker we want. 
  • There is no minimum balance requirement. 
  • The dev claims that the system is an absolutely legal solution.  
Key features of Galileo FX
Key features of Galileo FX
  • It works on the markets 24/7 for us. 
  • There are free settings every month (?). 
  • There are Jumping Stops, Break Evens, and other features. 
  • It trades many cross pairs at once. 
  • The default settings are great. 
  • The installation takes 5 minutes, not more. 
  • We don’t need to do extra customization. 
  • It works with the accounts: Micro, Mini, And Standard. 
  • There’s welcome support. 
  • All orders are covered by SL and TP levels. 
  • It works on any PC without restrictions. 
  • We can work on a demo and real account. 
  • The system doesn’t require us to have trading experience. 
  • There are free lifetime updates provided. 
Galileo FX features
Galileo FX features
  • The list of settings includes over 60 set files. 
  • We can customize a risk we want to work with. 
  • The win rate is up to 96%. 
Galileo FX pricing
Galileo FX pricing

The Personal pack costs $349. It allows gaining up to $1000 monthly. The Plus package costs $499. It provides up to $5000 monthly. The Pro pack costs $899. There’s no profit limitation. We have no refund policy covered if something goes wrong. So, the sale is final. 

Galileo FX trading strategy tests

The developers explain how much the system has got during backtesting:

  • Galileo FX Backtest – EUR/USD ($4398 Total Net Profits) + Settings
  • Total Net Profit: $4398.40
  • Gross Profit: $5132.40
  • Gross Loss: -$734

Account Info:

  • Broker: IC Markets
  • Platform: MT5
  • Version: Galileo FX Pro
  • Period: 1 Jan – 11 Jun 2021
  • Timeframe: H1

Settings: 

  • Lots = 0 (dynamic)
  • Risk = 0.5
  • Max Orders = 0
  • Stop Loss = 0
  • Take Profit = 1000
  • Trailing Start = 0
  • Trailing Stop = 0
  • Consecutive Bullish Signals = 9
  • Consecutive Bearish Signals = 9

The developer also provides a video where he demonstrates the past trading performance for this currency pair.  

What about Galileo FX live real trading results

Galileo FX live trading results on myfxbook
Galileo FX live trading results on myfxbook

The robot runs a real USD account on the well-known broker – IC Markets. The leverage is set at 1:500. The account has a verified track record and verified trading privileges. It was created on October 04, 2020, deposited at $2,186, and withdrawn at $1,987. The absolute gain has amounted to +824.74%. An average monthly gain is 24.29%. The maximum drawdown is 21.57%. 

Galileo FX trading details
Galileo FX trading details

There were 1636 orders with 15,124 pips traded. An average win is 12.57 pips when an average loss is -8.88 pips. The win rate is 87% for longs and 80 % for shorts. An average trade length is 14 hours 46 minutes. The profit factor is 4.44. 

Galileo FX trading pairs
Galileo FX trading pairs

The system trades only Silver – 1629 orders with $1935.5 of profit. 

Galileo FX houry trading activities
Galileo FX houry trading activities

The robot actively traded calm night hours and the European trading session. 

Galileo FX daily trading
Galileo FX daily trading

The advisor trades equally during a week. 

Galileo FX risks
Galileo FX risks

The robot works with quite low risks to the balance. 

Galileo FX closed orders
Galileo FX closed orders

As we may note, losses weren’t big. 

Galileo FX monthly activities
Galileo FX monthly activities

All months were closed with various profits. 

We would like to note

Galileo FX page on Trustpilot
Galileo FX page on Trustpilot

The company has a 4.8 rate on Trustpilot with 1692 reviews. We’re sure they pay for feedback because there were 200 reviews published for the last month. 

Negative customer review on Trustpilot
Negative customer review on Trustpilot
Customer review proving that Galileo FX is a scam
Customer review proving that Galileo FX is a scam
Customer claiming that Galileo FX is ‘a complete scam’
Customer claiming that Galileo FX is ‘a complete scam’
Trader warning us not to buy Galileo FX
Trader warning us not to buy Galileo FX

Many clients have a negative experience of using this system. They liked each other’s posts to show how important it is. 

Galileo FX Review Summary

Galileo FX
2 5 0 1
Galileo FX trades with various trading financial instruments on real and demo accounts. The presentation sounds wordy. The offer isn’t supported with a refund policy to cover us. As a result, we have many negative posts about the system on Trustpilot.
Galileo FX trades with various trading financial instruments on real and demo accounts. The presentation sounds wordy. The offer isn’t supported with a refund policy to cover us. As a result, we have many negative posts about the system on Trustpilot.
2/5
Total Score
  • Functionality
    2/5 Bad
    The advisor has a short list of features.
  • Trading strategy
    2/5 Bad
    There is a Grid of orders strategy.
  • Live results
    3/5 Neutral
    Trading results look okay.
  • Customer support
    3/5 Neutral
    The devs don’t provide quick support.
  • User reviews
    2/5 Bad
    We have many seriously negative reviews on Trustpilot.

The Good

  • Real-account trading results

The Bad

  • No team revealed
  • No risk advice given
  • No backtest reports shared
  • Many negative testimonials
Total
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