Is Gainsy Scam or Legit Broker? 

According to our research, Gainsy has been suspected as a scam broker. It is obvious that the company does not provide even clear information about its registration and the location of the offices, therefore the broker is not regulated or licensed by any authority. 

About GAINSY
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is GAINSY safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Gainsy?

Gainsy Inc. was established in 2012. It is an online trading service and investment provider that is claimed to deliver an NDD/ STP execution with competitive variable spreads and low commission (Find the Lowest Spread Forex Broker from the List.). However, the broker offering falls into some major points that are in fact crucial ones, which is a compliance to the international standards while providing a trading environment.

  • However, there are several negative verdicts claimed against the company for its issues with withdrawals, manipulation while trading, and postponement of the responses. Moreover, there were official authorities that issued a warning against the company for its unlicensed services, and numerous received complaints.

    “The Autorité de Contrôle Prudentiel et de Résolution and The Autorité des Marchés Financiers warn the public against the activities of Gainsy Forex broker Company and its entities proposing Forex investments without being authorized to do so”

    AMF, France. 2015

Gainsy Review

 

Gainsy Review Conclusion

So, in conclusion, we do not advise to trade with Gainsy, as the most important in trading is the broker’s reliability and this point losses at the broker’s offering. The trader or investor should always keep in mind, that investing with non-regulated broker involves much higher risk and may incur manipulation of the software, which causes losses. Thus, we would recommend choosing a reliable broker with a gained reputation for its operational success and compliance with the safest trading practices. Traders should trade with well-regulated brokers such as FP Markets and XM


Gainsy Update

We found that under the Gainsy website is now an entirely different broker by a different name – CRYPTOBO. It can be concluded that the broker has changed its name, which is a common occurrence in the case of fraud brokers.  

No news available.

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