Gainsy Review & User Rating 2021
Gainsy claims to be a NDD brokerage company (*No-Dealing-Desk), offering online trading with an extensive list of financial assets including a number of currency pairs and various CFDs.
- Start year:2012
- Country of origin:no data found
- Regulation:no data found
- Payment options:debit cards, e-wallet, bank wire, bitcoin
- Minimum account size:$10
- Minimum lot size:0.01 lot
- Leverage:up to 1:100
- Spreads:variable, from 0.1 pip
The brand is managed by Gainsy INC. There is no information about its place of registration and regulation on the broker’s website. It is obvious that Gainsy is not licensed by any regulator, so traders should be very careful if they intend to invest large amounts in unregulated brokers. In addition, there are two trial judgements of FPA Traders Court Guilty against Gainsy on the forexpeacearmy website (FPA), and FPA does not recommend running business with this broker.
Gainsy offers its customers two main account types: STP and ECN. Both accounts provide NDD execution, low levels of spreads with small commission fees and trading micro lots on a standard platform in the industry – MT4. Besides, accounts without swaps are available for clients of the Islamic faith.
Gainsy also provides services of account management (PAMM).
The minimum initial deposit is only $10, the level of leverage reaches 1:500.
The trading value on a standard lot for the EUR/USD pair is about 1.2 pips (spread + commission), which is a competitive price.
There is a VIP account with a deposit of $100,000 for professional traders. This account provides for scalping, hedging, automated trading, news trading, and trading by phone.
Nevertheless, while choosing a forex broker, we advise you to draw attention to its reliability.
Gainsy offers the most popular MetaTrader 4 platform (MT4) which is accessible for trading on PC and mobile devices. The broker also provides its own Gainsy platform, however, the desktop version is now available only for institutional clients, and the web version is exclusively for the owners of ECN accounts.
MT4 has been being used by traders throughout the world for more than 10 years, and has won a reputation of stable and reliable platform. The platform has wide functional opportunities, the first among them are experts which allow to fully automate trading. MT4 also provides the instruments for building charts and extensive test environment.
There is a whole manual for traders on the website which can teach how to trade on Forex. But all the training materials are available only in the English language. Besides, you can calculate the margin and the pip value.
Gainsy offers clients to become a representing broker, while the company provides the scheme for running business, assistance in organizing business, and continued support.
Bonuses and special offers
A trader can find various special offers and bonuses on the website: a single bonus of up to +50%, a bonus of co-investing, and a non-deposit forex bonus.
Particular attention should be given to the management program of $10,000.00 of real funds on PAMM account. Such proposals have not yet been met in the industry. Management is provided only to experienced traders. Profit of a manager directly depends on the number of investors attracted: the more investors have invested in your PAMM account, the greater your profit is.
Deposits/Withdrawing of funds
Customers of Gainsy are provided with the following payment options: credit cards, bank wire, Skrill, Neteller, CashU, WebMoney, and China UnionPay e-wallets.
Customer service operates around the clock 5 days a week. The Department for working with institutional clients and other departments of the company work from 09:00 to 19:00 (GMT). You can contact a specialist for help by phone, email, and online chat. The department on collaboration with institutional customers and other divisions of the company work from 9:00 to 19:00 (GMT). You can contact a specialist by phone, email, and online chat.