Galaxy Software Inc Forex Trading Scam Or No Scam?

[ukanonymous]

I got this sent to me from a friend can anyone tell me if its a scam please?

Who are we?
Galaxy Software Inc is a business run by software nerds, and Forex junkies. We are unashamedly profit obsessed. We combine our 30+years of conservative Forex trading experience with our excellent IT knowledge. The result is probably the most advanced Forex trading software on the planet. What we do?
We run 100s of servers all around the world that power our software. The software specializes in searching the markets for highly lucrative trading opportunities. When our software spots one of those opportunity's it strikes by making trades on the forex broker accounts that we host for you. Sometimes we get many trades each month, sometimes only a few. Is it risky?
YES.... BUT ... we work night and day to make sure our win ratio is very very high. We have had 48 profitable months in the last 50! .... There’s not many people that can claim that sort of performance :-)

How much could I make?
It varies... but we regularly double some trading accounts most months. In-fact we have been known to double some accounts in only 1 trade. There will inevitably be times when sometimes we don't make much profit. Our trading servers will only fire trades if the risk/reward is very high, if those conditions don't arise, then it's better to be patient and wait. Which brokers do you host accounts for?
You should have been given details of the brokers that you need to open accounts with. It's important that when we recommend a broker to you, that you react quickly and get accounts open and funded.

Can I use any broker?
Our trading software can work with almost any Forex broker, but some Forex brokers are better than others! We constantly test brokers to discover which ones are performing well for us. At any one time we may have up to 50 brokers being tested to ensure that we are trading at the correct venue! We constantly monitor your accounts and from time to time will advise you to withdraw money from one broker and deposit it at another broker to maximize your investment return. That's how our business works. We recommend that you get some accounts open with payment processors as well, such as Skrill and Neteller. Many brokers accept these for deposits and withdrawals, and they are very fast to use. If you haven't heard of these before just think of them like PayPal for Forex traders ... they're basically the same thing.

Should I send trading funds to Galaxy Software Inc?
No … Never send us trading funds, or send money to anyone who works with Galaxy Software Inc. The only money you should send us is to pay for the commission's that we will charge you after making your profits. Do I have to do anything?
No.... just provide funded trading accounts with the brokers that we think perform well. We will do the rest :-) ... oh and pay us on time please, we will send you an invoice monthly showing how much money you have made and also how much you owe us in commission. We reinvest that money into our software and server infrastructure, so really do appreciate prompt payment.

How can I monitor what trades have been made on my account?
The invoice sent to you monthly will detail all the trading we have done for you, but in the mean time you can click this link here This will download a small app that will allow you to see profit performance for any time frame...

THEN THE PERSONAL TYPED AT THE BOTTOM OF THIS":
I hope you have read all the boxes above, after reading the above fully, you should have an idea on how we work.
The rest is on how you and i agree.

You have 2 percentage options.
1st. If you agree on %65 which means Galaxy is going to send you an invoice every month and they will quide you where and how much you need to send. The %65 is the fee Galaxy takes from Clients profits, from the profits that Galaxy will make every month for the clients. if Galaxy dont make any profit that month then they DONT ask for anythin

[Lie-in King]

How well do you know the friend that sent it to you? Have they invested anything in the "scheme" & will they tell you how they've got on with it?

Essentially, I'd suggest considering very carefully whether or not you can afford to take the potential losses.

Even if I could afford to invest in this market, I'd be very wary of doing it in this fashion, but that's just my opinion, based on no experience whatsoever.

[fiction-factory]

I wouldn't touch it. If they had a foolproof system like that they'd have attracted the attention of major investors and wouldn't need to send emails seeking clients.

[ukanonymous]

yeah they take control of your 2k.. They could do anything with it. I dont know the friend at all. Just did some coding for him few years ago. Not a friend actually just a contact.

[Lie-in King]

Then with respect, walk away from it :-)

[venator]

This reminds me of the betting scams, where you paid to use their infallible tips.

If it walks like a duck and quacks like a duck....

[ukanonymous]

Yeah I kinda thought it was scammy. But was hoping for some solid DONT DO IT BECAUSE .......... WILL HAPPEN
Its interesting to see how they scam you and benefit from it to avoid these kind of things.

[Orderlimit]

The whole email is just simply ridiculous. It's a con uka, steer clear of all them.

[Peter Pedant]

o my god
are you joking >

if your sensors arent screaming 'scam alert' after ten words by the end of sentence 2 actually
then the stock martket is NOT for you

general rule - if is too good to be true
it probably isnt ( true that is ! )

[ganriza]

it is called managed account,
sometimes an experienced traders take people offer and managing it is client money.
and as a person who have experienced in forex trading, i think their offer is not scam.
because you are open your own trading account, sent your own money to broker you prefered, and you only give em access to trade, not to withdraw your deposited money, and without access to withdraw your money, this galaxy inc can not withdraw and run with your money.,.

however, every investment is carried a risk and these guy, claimed have 30 years experince in trading and they do not have proof about it,.

if you wanna invest in forex trader, i recommend you to use PAMM services or copy trade services, it is safe for you and the trader
http://alpari.com/en/investor/pamm_portfolio/about/