Reason to avoid: Operate without License.
Listed Date: September 27, 2018
Top 3 Regulated Forex Brokers
- Company name:
- Registration Address/ License:
Operate without License.
Gainsy Inc. is an established in 2012 online trading service and investment provider that is claimed to deliver an NDD/ STP execution with competitive variable spreads and low commission. However, the broker offering falls in some major points that are in fact crucial ones, which is a compliance to the international standards while providing a trading environment.
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. That means, the company decided on their own behalf how to deliver services and may manipulate by clients for its own good. Besides to that, there are several negative verdicts claimed against the company for its issues with withdrawals, manipulation while trading and postponing 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”
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.