Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
GAINSY PLATFORM
About the GAINSY PLATFORM platform
GAINSY PLATFORM is an online trading platform offering individual and institutional traders services. As a Forex broker, it offers access to various assets, including Forex, stocks, commodities, and indices. It was founded in 2012 by a team of professional Forex traders, financial analysts, and software developers to ensure smooth operations.
Gainsy’s headquarters is in Saint Vincent and the Grenadines, with branches in China, Hong Kong, and Saint Vincent and the Grenadines. The platform supports various trading platforms and is compatible with mobile devices, enabling traders to access their accounts anytime, anywhere.
Payment types accepted include major credit/debit cards, bank transfers, and online payment systems like CashU, wire transfer, Webmoney, and Skrill. GAINSY offers competitive spreads and flexible leverage options to enhance profitability and risk management. The platform operates on a commission-based model, providing transparent pricing for traders. They also offer various trading instruments across various asset classes, including Forex currency pairs, Stocks, Commodities, and Indices.
GAINSY also offers access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their user-friendly interfaces, advanced charting tools, and customizable features. Traders can efficiently execute trades, access various financial instruments, utilize technical indicators, and implement automated strategies through Expert Advisors (EAs).
Lastly, GAINSY offers a demo account for traders to practice strategies or familiarize themselves with the platform without financial risk.
Pros and Cons
GAINSY is a reliable choice for traders seeking a comprehensive trading experience across multiple asset classes, with robust features and dedicated customer support. Before deciding on a brokerage firm, it’s crucial to weigh the pros and cons to ensure it aligns with your trading goals and preferences. Here’s the pros and cons of GAINSY:
Pros
- 24-Hours Support: GAINSY ensures traders can access assistance around the clock, regardless of their time zone or trading schedule.
- Segregated Accounts: GAINSY offers segregated accounts, providing added security and protection for client funds against broker insolvency or mismanagement.
- Islamic Accounts: GAINSY provides Islamic accounts that are compliant with Sharia law, allowing Muslim traders to engage in forex trading without violating their religious beliefs regarding interest (Riba).
- Wide Range of Tradable Assets: GAINSY offers a diverse selection of tradable assets beyond forex, including stocks, commodities, and cryptocurrencies, providing traders with opportunities to diversify their portfolios and explore various markets.
- Innovative Trading Tools: GAINSY provides access to innovative trading tools and features, such as social trading platforms, advanced charting software, and market analysis tools, empowering traders with valuable insights and resources to make informed trading decisions.
Cons
- Canadian Clients Restrictions: GAINSY does not accept clients from Canada, limiting access for Canadian traders.
- No Cent Accounts: GAINSY does not offer cent accounts, which favors beginner traders for their low-risk environment with smaller position sizes.
- Absence of Negative Balance Protection: GAINSY does not provide negative balance protection, potentially exposing traders to losses exceeding their account balance in volatile market conditions.
- Bonuses: GAINSY doesn’t offer bonuses, which may deter traders seeking promotional incentives, though bonuses typically come with conditions such as trading volume requirements.
