Galileo FX Review (2024) — The Key Pros and Cons
In this Galileo FX review, I look at one of the most popular trading robots available and provide a complete overview of its key pros and cons. Is it right for you?
There is a huge number of trading robots now available, and choosing the right one for you can feel really difficult. Galileo FX is probably the best-known automated trading software currently on the market — but is it actually the best fit for you?
Well, in this review, I’m going to help you find out. I’ll cover the bot’s pricing, strategies and features in depth — and by the end of the post, you’ll have a clear idea of whether Galileo FX is the right trading robot for you, or whether you’d be better off with an alternative.
Let’s dive in with an important question. What is Galileo FX?
Galileo FX is an application that lets you trade on autopilot using different strategies. It provides you with a wide range of ‘trading styles’ that can be used without trading experience, and allows you to open and close trades automatically.
The robot aims to let beginners limit their losses and maximize profits in trading — you don’t need to know how to analyze charts to use Galileo FX.
However, the robot also caters for advanced traders, because it provides full access to more settings like Max Number of Trades, Stop Loss, Take Profit and more.
How does Galileo FX work?
Galileo FX is a software application, meaning that it runs on your own computer, and you don’t have to use 3rd party servers to use it. You launch and run your Galileo FX in your PC — so, as long as you have access to the Internet, you can run Galileo FX from any location.
The robot’s ‘big idea’ is to give you the key things you need to trade automatically, limit losses and maximize profits ‘out of the box’: step-by-step instructions, expert support, private Facebook group and even free updates are included on all Galileo FX plans.
That said, you can customize Galileo FX more extensively through the edit of settings — more on these later.
Finally, you don’t pay a monthly fee to use it but instead own a copy of Galileo FX.
I’ll come to pricing in just a moment — but first, a quick note on something important: the number of people using Galileo FX.
The number of Galileo FX users — and why this matters
Galileo FX was founded in Italy in 2020 by a group of Italian-born traders, who realized that a trading robot they created to trade Forex on autopilot could actually be used by — and sold to — other traders.
Fast forward to today, and the robot is now used by thousands of traders in 85 countries — according to Trading Research company MyFxBook.com, Galileo FX currently powers around 3,500 traders. Over 10 staff now work for the company.
These statistics matter because when you choose an automated solution for your trading account, you are placing a huge amount of trust in the company providing it.
There have been instances in the past of similar software closing down resulting in serious problems for their users, who had to migrate over to a different robot at very short notice.
However, Galileo FX’s large user base and market share makes the prospect of this happening very unlikely.
Now: how much does Galileo FX cost to use?
Galileo FX pricing
There are three Galileo FX versions available, with the following lifetime fees:
- Personal — $199
- Plus — $599
- Pro — $899
(The above prices are in USD; since Galileo FX is based in Europe, you’ll find that the version names and features are the same — but fees will be in EURO currency, and broadly equivalent to the US ones.)
Key difference between Galileo FX versions
All the Galileo FX versions provide the core automated trading functionality you’d expect — on every version, you can use Galileo FX to auto-trade unlimited charts, open and close trades on autopilot, trade 24/7 and make use of a wide range of ready-to-trade settings.
But there is a key feature to watch out for — and not miss! — by selecting the wrong Galileo FX version.
This is:
Monthly Net Profit Limit — The ‘Personal’ and ‘Plus’ versions don’t let you go over this limit. Instead, you can use the ‘Personal’ and ‘Plus’ versions for making smaller profits.
I’ll explore all the core Galileo FX trading robot features shortly, but first let’s take a look at how Galileo FX helps you make profitable trades on autopilot.
Growing your trading account using Galileo FX
There are 2 ways to grow your trading account with Galileo FX: with Slow, Fast or Aggressive settings, its ready-to-use settings, or by using a custom settings.
Let’s examine both options in turn.
Slow, Fast or Aggressive settings
The quickest and easiest option is to use Slow, Fast or Aggressive settings, Galileo FX’s ready-to-use settings included with every purchase.
If you use these, you don’t have to figure out any setting at all on any version.
Custom Settings
The other way to make profits with Galileo FX is by using your own settings — of which there are over 1000 combinations to choose from.
If you do this however, you need to understand what you’re doing. For most traders, unless you have several years of experience, finding the right settings is time consuming.
So, unless you’ve got a good reason not to, then using the ready-to-trade Slow, Fast and Aggressive settings will usually work out as the fastest option.
PRO #1: Galileo FX is a Safe and Simple Trading Robot for Beginners and Advanced Traders.
Beginners love Galileo FX because they can start making profits immediately.
A logical robotic trader helps you avoid emotional mistakes and losses.
If you’re a beginner who wants to start earning in trading, Galileo FX is the robot for you.
All you do is: install in seconds and you’re ready to go. It’s that simple!
PRO #2. You can start earning TODAY, without learning how to trade or how to code bots
If you want to go the “hard way” and learn how to code your own trading bot, be prepared for a rough ride.
Learning to code professionally takes at least 5 years of full time practice.
Imagine all the profits you can make with Galileo FX in those 5 years.
Why learn how to code when you can have Galileo FX today?
PRO #3. There’s NO MINIMUM balance required
This is probably the most asked question: how much do you need to start with Galileo FX?
The good news is: there are no minimums! You can start with as little as $100 or $1,000,000 — you decide.
PRO #4. You can monitor Galileo FX from your MOBILE PHONE
It’s simple to control Galileo FX from your any iOS/Android device.
Monitor your performance, see trades in real time and close trades without sitting at your computer.
If you’re unsure how to set up Galileo FX on your smartphone, you can ask their team to install it for you.
PRO #5. You get EASY video tutorials and guides
Galileo FX provides easy-to-follow guides in written and video format.
Guides help you immensely to quickly install Galileo FX, the easy way.
If you don’t want to install Galileo FX by yourself, you can purchase their Remote Installation Service.
PRO #6. Galileo FX is FULLY AUTOMATED and it can trade 24 hours a day
Humans can only trade while they are in front of their trading platform and watching charts.
A robot like Galileo FX runs 24/7 and trades even while you sleep.
If you trade all day, every day, you get more opportunities for profit.
PRO #7. You can use it to trade 20,000+ assets and symbols
Galileo FX is compatible with any market. Choose only the ones you want.
There’s NO need to buy a bot for gold, another bot for Forex, one for Stocks…
You can trade everything from Forex to Stocks, Crypto, Indexes, Metals, Commodities… all in one place.
PRO #8. AUTOMATIC Technical Analysis
Say “bye bye” to technical analysis. Galileo FX does analyzes charts in real-time based on technical indicators, so you don’t have to do it.
The indicator used by Galileo FX is the “Consecutive signals” indicator which is used to identify winning trades with high-probability analysis.
In a recent study, trading based on consecutive signals increased the profitability by 450%, compared to the average manual trader.
PRO #9. You can use Galileo FX on MULTIPLE CHARTS at the SAME TIME
Galileo FX enables you to automatically trade up to 20 symbols at the same time.
For example: you can trade 5 forex currencies, 5 crypto currencies, 5 indexes and 5 stocks… all at the same time… automatically.
PRO #10. You get 130+ PROFITABLE settings to start making money IMMEDIATELY
The problem with other bots is that you need to spend a lot of time to find profitable settings.
When you get Galileo FX, you also receive profitable settings for 130 pairs including crypto, forex, gold and silver.
PRO #11. Galileo FX has achieved up to 100% ACCURACY in tested market conditions
Since its launch 2 years ago, Galileo FX has maintained a 97.6% average accuracy in the tested market conditions.
If you consider that manual traders usually get it right 5% of the time, you’ll see why I am so willing to use Galileo FX to trade on my account.
PRO #12. It helps avoid sudden and excessive LOSSES
With Galileo FX, you can choose a Stop Loss value for each trade opened and closed by the bot.
Enables you for a better control of your account.
Galileo FX automatically executes Stop Loss. It also allows you to decide the amount you are willing to risk.
If you want, you can limit the number of trades opened by Galileo FX.
With Galileo FX, you’re in 100% control.
PRO #13. The “Max Orders” setting lets you LIMIT the number of trades
This is one of my favorite features of Galileo FX.
Change the “Max Orders” setting to limit the number of trades opened by Galileo FX.
In this case, you can avoid losses and strictly control the robot.
For example, you can limit Galileo FX to only open 1 trade on a certain chart. You can also choose “Unlimited” max orders to maximize your profits.
PRO #14. You can choose the Take Profit value for each trade
On the Galileo FX interface, you can decide the Take Profit value for each trade.
This means that when a trade opened by Galileo FX hits that value, it will be closed immediately.
Closing trades at take profit means that you close them at a profit instead of leaving them open. So when a trade is profitable, the profit is taken automatically.
PRO #15. You can choose “LONG ONLY” and “SHORT ONLY” trades, or both
This is a useful feature because it lets you choose if you want Galileo FX to only open “long” or “short” trades.
It’s an advanced settings that helps increasing profits during bull or bear markets.
For example, in case of bear market, you can tell Galileo FX to only open “short” trades if you want to follow the trend, or only open “long” trades in case you want to go against the trend.
PRO #16. Their team can INSTALL IT FOR YOU (optional/paid)
This an amazing service, even if it’s $180, it’s totally worth it.
You’ll book an appointment with their Installation Team, and they’ll set up Galileo FX from scratch on your PC and/or mobile.
PRO #17. You get invited to their PRIVATE Facebook Group with over 2,000 users
When you purchase Galileo FX, you get an invitation to join their private Facebook group.
Keep an eye on the group because successful users share settings and if you copy them, you can make a lot of money.
The group is actively moderated to limit spam, promotions.
With over 2000 verified members, you can get daily ideas, settings and tips for Galileo FX.
PRO #18. Their results are VERIFIED by 3rd parties that you can trust
Galileo FX has over 20 verified results on MyFxBook, the world’s leader in trading report verification.
Verified results help with transparency and trust. But most importantly, you can copy the settings used by the Galileo FX team to achieve even 100% profitability.
They also publish videos on their YouTube channel where they show verified back-tested results in real time and provide you with winning settings.
PRO #19. They regularly upload VIDEO PROOF of the profits
Seeing is believing. Galileo FX has a YouTube channel where their team regularly shows the latest results of their trading bot.
As if that’s not enough, they also show you the exact settings used to make those profits.
PRO #20. It’s CHEAPER than hiring a developer to program a bot
Programming a trading robot like Galileo FX takes 10,000 initial hours of work and 1,000 hours per month for bug fixing and improvements.
The average cost for a Senior Developer who knows how to program bots is $50–70/hour.
This means that developing a bot similar to Galileo FX will cost you between $500,000 and $700,000 plus $50,000 per month for maintenance. And that’s assuming that you know *exactly* which trading strategy to use.
Galileo FX’s top version costs around $1100, a great deal for your money.
PRO #21. Galileo FX works on BOTH MetaTrader 4 and MT5
When you get Galileo FX, you get 2 versions of the trading bot: one for MetaTrader 4 and one for MT5.
In case you want to switch from a MetaTrader version to another, with Galileo FX you don’t need to worry about compatibility issues.
PRO #22. 99.999% stability
With trading bots, stability is super important. Why? You don’t want a buggy, unstable bot to trade on your account.
Galileo FX boasts 99.999% stability and in my 1-year experience, it never crashed.
To make money in trading you need reliable and stable software and Galileo FX is exactly that.
PRO #23. You can use almost ANY BROKER with Galileo FX
Most bots foce you to use their affiliated brokers. Not with Galileo FX.
Over 400+ brokers worldwide support the MetaTrader trading platform. If they support MetaTrader 4 or MT5, you can use Galileo FX with them.
You can switch brokers and just load Galileo FX into a new broker.
PRO #24. You can trade on 1 LIVE and 1 DEMO account
When you purchase Galileo FX, you get a lifetime license that you can use on one demo account and one live account.
Traders usually start in demo accounts to familiarize with a trading robot. When they feel comfortable, they start trading in real money.
Too many traders lose money because they went live without even understanding what they were doing.
With Galileo FX, you can start slowly and go live later — or if you want, you can go live immediately.
PRO #25. Galileo FX runs on PC, Mac or VPS
PRO #26. Compatible with ALL account types
Galileo FX is compatible with standard, micro and mini accounts.
No other trading bot comes close in terms of flexibility.
When you get Galileo FX, you’re in safe hands. You have the assurance that, in case you’ll switch broker, account type or anything else, you’ll still be able to use Galileo FX and… make money with it.
PRO #27. Galileo FX has been featured on Bloomberg, MarketWatch, Yahoo Finance and Nasdaq
It’s rare for an investment product to be featured on the global press.
Bloomberg, MarketWatch, Yahoo Finance and Nasdaq have all featured Galileo FX on their websites.
Do you think that if Galileo FX wasn’t profitable, it would get featured on those publications?
PRO #28. Galileo FX is LOVED by 3,500+ users
Thousands of users have purchased Galileo FX. There must be a reason for that!
Most “scam bots” usually last very little… only a few months, and they get killed with bad reviews.
Not with Galileo FX! The bot is getting more popular every day and more users are joining everyday. Why? Because it’s a great bot that can make real money, and people appreciate that.
PRO #29. It’s the BEST reviewed trading bot of 2022 with 3,000+ positive reviews
Numbers don’t lie: Galileo FX has 99% customer satisfaction.
It has been rated the #1 trading bot of 2022.
It’s loved by thousands of users worldwide, including beginners and advanced traders, men and women, young and old.
PRO #30. They DON’T COLLECT YOUR MONEY and don’t have access to your funds
Most bots foce you to use their affiliated brokers or even want to collect your deposit. Not with Galileo FX.
With Galileo FX, your deposit is safe, because you can choose any online broker.
Galileo FX does not have any access to your funds, investment or capital. Even if it gets hacked, your money is safely stored in your broker’s accounts.
That’s why is important to choose a broker that’s regulated and trusted, like Oanda, IC Markets, FP Markets, Forex.com and many others.
PRO #31. Download is instant after payment (NO APPROVAL required)
With Galileo FX, you don’t have to wait for long approvals or confirmations.
As soon as you complete your order, your confirmation page will display bright green “Download Now!” buttons, where you can quickly and safely download your new Galileo FX straight onto your computer.
You’ll also receive an email receipt with the same download links, so you can find them again anytime in the future.
PRO #32. You get a lifetime license with FREE UPDATES
When a new software version is released, usually you have to pay to update it.
Not with Galileo FX! You get a lifetime license that includes free updates.
When Version 2 will be released, you’ll be able to download it 100% free. I love this benefit!
PRO #33. There are NO RECURRING FEES
Over time a subscription service will cost way more than buying the product would, that’s why many businesses are switching to this model.
If the subscription price is low per month people feel like they are getting a bargain but they aren’t.
Galileo FX doesn’t have any monthly or recurring fees, and that’s one of the main reasons why I decided to get it.
PRO #34. You can pay with multiple methods including PayPal, Credit/Debit Card, Crypto and more
Galileo FX makes it easy to start.
Pick your favorite payment method including PayPal, Credit/Debit Card, Crypto and more.
Payments are securely handled by Shopify with 256-bit encryption and Galileo FX does not have access to your payment details.
PRO #35. You get FRIENDLY and EXPERT support in case you need HELP
If you’re seriously interested in earning with trading, you need an expert team behind you.
The support team at Galileo FX has over 90% satisfaction rate and is available every business day from 9am to 5pm CET.
In case of problems (for eg. Galileo FX is not trading), you can set up an appointment to let them connect to your PC and solve the issue while you sit and watch — just request a Support Session and they’ll provide you with a link to book your appointment.
