Founded in 2012 in Saint Vincent and the Grenadines, GAINSY is an online trading broker that provides traders with an advanced proprietary trading platform to enable them to trade forex, metals, CFDs, and other financial assets online. The broker operates the NDD (No Dealing Desk) execution model, and traders benefit from a range of favorable trading conditions, such as multiple trading account options with a required minimum deposit of $10, tight spreads, and leverage of up to 1:500. GAINSY also provides its clients with educational resources, a range of useful trading tools, and a dedicated client support team.
The broker has won several industry awards in honor of their reputable trading services, such as Best Forex Broker of the Year Award 2014 and Best Broker of Europe Award, amongst others.
GAINSY Review Introduction
In this GAINSY review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including GAINSY.
GAINSY Platforms & Tools
Traders are allowed to trade the available trading instruments using an in-house developed trading platform that is available in desktop, web, and mobile versions. The platform is built with Adobe Flex/Action Script technology and is a lightweight UI application that provides its users with access to trading functions. It has a fully customizable interface to enable clients to create user-defined layouts.
In addition to the trading tools built into the provided trading platform, traders also get access to a range of standalone trading tools that are geared towards ensuring a hitch-free trading process. These include Economic Calendar, Forex Analytics, Margin Calculators, Pip Calculators, and more.
GAINSY Research & Education
Traders are provided with a good selection of educational resources that can help them to improve their trading skills and knowledge. They include trading blogs, educational articles, glossary, platform manuals, and more.
GAINSY Trading Accounts
The following account options are available to GAINSY clients: Classic STP, Premium ECN, Exclusive VIP, and Swap-free Accounts. There are also the PAMM Accounts for money managers, whole a demo account is available for practice purposes.
GAINSY Account Funding
Traders are allowed to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Credit/Debit Cards, such as Visa, and MasterCard.
- Swift bank transfer
- Online payment processors
Some payment methods may not be available in specific countries, while the transaction processing time may vary with the payment method used.
GAINSY Customer Service
GAINSY provides traders with a knowledgeable customer support team that is always ready to answer clients’ general, technical, and account-based inquiries. They can be reached via email, social media, and Live Chat.
There is no regulatory information on the broker’s website at the moment. Some experienced traders would not like to trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can.
GAINSY Review Summary
GAINSY was launched in 2012 and has continued to provide brokerage services to clients globally. They provide traders with a proprietary trading platform for trading a wide range of financial instruments. There are multiple account options with a low minimum deposit of just $10, and traders get access to some trading tools and educational materials. However, the broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this GAINSY review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the GAINSY broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.