Based in Saint Vincent and the Grenadines, GAINSY is a retail forex and CFD trading broker that offers forex trading using the NDD (No Dealing Desk) model. They have competitive order executions via STP and ECN accounts along with a range of trading platforms to choose from.
GAINSY Review, Pros & Cons
- Multiple trading platforms
- Range of trading instruments
- A choice of trading tools
- A selection of educational resources
- Unregulated broker
- Located offshore
- No contact telephone number
- No USA clients
- No MetaTrader platforms
In this detailed GAINSY review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
GAINSY is an online financial services provider that gives traders access to a vast range of trading platforms for trading multiple trading instruments across different asset classes. Traders are provided with educational resources, a range of useful trading tools, and a client support team.
There are multiple account options with a required minimum deposit of $10, tight spreads starting from 0 pips, and maximum leverage capped at 1:500. The broker has won several industry awards, including Best Forex Broker of the Year Award 2014, Best Broker of Europe Award, and Chinese Financial Industry Annual Award.
There is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker states that it does not provide its services to residents of the USA and other jurisdictions where the use of such services would be contrary to local laws and regulations.
Some GAINSY features and products mentioned within this GAINSY review may not be available to traders from certain countries because of legal restrictions.
The broker provides clients with the GAINSY trading platform. It is an in-house-developed trading platform for forex and CFD online trading. The platform is created with Adobe Flex/Action Script technology and is a lightweight UI application that provides its users with access to trading functions. The platform has a fully customizable interface with the ability to create user-defined layouts. It is available on desktop, web, and mobile versions.
GAINSY Trading Tools
Clients are provided with a range of standalone trading tools to aid their trading, and they include Economic Calendar, Forex Analytics, Margin Calculators, Pip Calculators, and more.
The broker’s website has a good collection of educational resources, which are in place to help keep traders in the know on the latest happenings in the markets whilst improving their overall trading skills and knowledge. They include a Trading Blog, Educational Articles, Glossary, Platform Manuals, and more.
The broker offers a wide range of trading instruments across different asset classes including, forex, gold, silver, and CFDs.
GAINSY Accounts & Fees
There are multiple account options available to GAINSY clients. They include the Classic STP Account, Premium ECN Accounts, Exclusive VIP Accounts, and the Swap-Free Islamic Accounts. There is also the PAMM Accounts for money managers and Demo Accounts for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this GAINSY review. It is imperative to ensure that you check and understand all of the latest information before you open a GAINSY broker account for online trading.
The broker has a client support team to answer traders’ inquiries. They can be reached via email, social media, and Live Chat.
GAINSY Deposit & Withdrawal
The broker accepts the following payment methods for account deposits and withdrawals:
- Credit/Debit Cards, such as Visa, and MasterCard.
- Swift bank transfer
- Online payment processors
GAINSY Account Opening
Traders who are looking to start trading online with the broker can create a live trading account by clicking on the ‘Open Account’ button to fill and submit the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
GAINSY is a company that started offering online brokerage services since 2012. They provide traders with multiple trading platforms for trading a wide range of financial instruments. Traders get access to trading tools and educational materials. There are multiple account options with a low minimum deposit of just $10.
Foreign exchange trading carries a high degree of risk. High leverage, low margin, and changes in the foreign exchange market can lead to considerable losses. The customer of GAINSY Company may lose all initial and any additional funds, hence currency trading is only suitable for traders who understand and allow the economical, legal, and other risks associated with such dealings, and is able to withstand financial losses. The customer of GAINSY should carefully analyze his financial opportunities before deciding to trade foreign exchange.