GAINSY Broker Review

Gainsy 2025 Review: Everything You Need to Know

　　In our comprehensive review of Gainsy, we found a broker that has garnered significant criticism, primarily for its lack of regulation and numerous user complaints regarding withdrawal issues and trading practices. Despite claims of providing a no-dealing desk (NDD) execution model with competitive spreads, many users report negative experiences, including unauthorized access to accounts and significant financial losses.

　　Note: Its essential to recognize that Gainsy operates under various regional entities, which can impact user experiences and regulatory oversight. Our approach to this review emphasizes fairness and accuracy, drawing from diverse sources to present a balanced view.

Ratings Overview

　　How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data from various sources.

Broker Overview

　　Founded in 2012, Gainsy is an online trading service that claims to provide NDD execution across various asset classes, including forex, CFDs, and commodities. The broker offers its services through the widely used MetaTrader 4 platform, alongside its proprietary trading platform. However, Gainsy has faced scrutiny over its regulatory status, as it operates without a significant regulatory license, leading to numerous complaints from users regarding its practices and reliability.

Detailed Breakdown

• 　　Regulatory Regions: Gainsy is registered in Saint Vincent and the Grenadines and claims to be regulated by the local Financial Services Authority (FSA). However, the lack of oversight from major regulatory bodies such as the FCA or ASIC raises concerns about its legitimacy.

• 　　Deposit/Withdrawal Methods: Gainsy supports a range of payment methods, including credit/debit cards, bank wire transfers, and e-wallets like Skrill, Neteller, and WebMoney. However, users frequently report issues with withdrawals, citing excessive fees and delays.

• 　　Minimum Deposit: The broker requires a minimum deposit of $10, making it accessible for new traders. However, the low entry barrier does not compensate for the potential risks associated with trading with an unregulated broker.

• 　　Bonuses/Promotions: Gainsy offers various bonuses, including a 30% deposit bonus for new clients. However, users should be cautious, as bonuses often come with stringent withdrawal conditions that can complicate the withdrawal process.

• 　　Tradable Asset Classes: The broker allows trading in a variety of assets, including forex pairs, CFDs on commodities, and indices. Despite this diversity, the overall trading experience is marred by user complaints of poor execution and high slippage.

• 　　Costs (Spreads, Fees, Commissions): Gainsy advertises competitive spreads starting from 0 pips. However, users have reported hidden fees and high withdrawal costs, which can reach up to 25% if trading volumes are insufficient.

• 　　Leverage: The broker offers high leverage of up to 1:500, which can be attractive for experienced traders but poses significant risks, especially for those who are less experienced.

• 　　Allowed Trading Platforms: Gainsy provides access to the MetaTrader 4 platform, known for its robust features, but also offers its proprietary platform, which has received mixed reviews.

• 　　Restricted Regions: While Gainsy operates in various regions, it does not accept clients from the United States, which further limits its accessibility.

• 　　Available Customer Support Languages: Gainsy offers customer support in multiple languages, including English, Spanish, French, and Russian. However, user feedback indicates that the quality of customer service is lacking, with many reporting slow response times and unresolved issues.

  　　

　　

Repeated Ratings Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Setup/Experience	3
Trustworthiness	1
User Experience	2

　　

Detailed Analysis of Ratings

• 　　Account Conditions: The account conditions at Gainsy, while initially appearing favorable due to a low minimum deposit, are overshadowed by reports of withdrawal issues and account blockages. Many users have expressed frustration over the inability to access their funds after depositing, leading to a low rating in this category.

• 　　Tools and Resources: Gainsy provides access to the popular MetaTrader 4 platform, which offers various analytical tools and features. However, the lack of educational resources or market analysis tools diminishes its value for novice traders.

• 　　Customer Service and Support: Users frequently report poor customer service experiences, with many complaints regarding unresponsive support channels and unresolved issues. This has resulted in a significantly low rating in this category.

• 　　Trading Setup/Experience: While Gainsy claims to offer NDD execution, many users have reported slippage and poor trade execution, leading to dissatisfaction with the overall trading experience.

• 　　Trustworthiness: Gainsy has been flagged as a potentially fraudulent broker by multiple sources, including the Forex Peace Army. The absence of regulation and numerous user complaints contribute to its low trustworthiness rating.

• 　　User Experience: The overall user experience is marred by reports of financial losses, withdrawal issues, and poor customer service, resulting in a very low rating in this category.

　　In conclusion, our Gainsy review highlights significant concerns regarding the broker's reliability, regulatory status, and user experiences. Potential traders should exercise caution and consider alternative, well-regulated brokers to mitigate risks associated with trading in the forex market.