63 reviews of GAINSY are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I trade not frequently, but for quite considerable period of time already. After 8 years of my live trading experience have passed, I can say that broker is reliable. I have been with the company from the time CHF made impact at the beginning of 2015. That time I was so sorry that my main trading capital hadn't been with Gainsy, because it then processed withdrawal to full appropriate extent, unlike some other not very honest guys. So throughout these three and a half years I noticed two main breakthroughs. The first one when they increased their order execution speed and made it more calmly to trade, and the second one was comparatively recently, when they added cfd's and thus increased service flexibility quite considerably. Concerning withdrawals, till this very moment have no issues except slight delays (up to 1 day), that took place just a couple of times for the whole 3.5 years. They sometimes call and make sure that withdrawal went smoothly and money are with me, so I am pleased with their service in general. The only thing I truly hope for is that they would recreate the possibility to withdraw to Skrill without commission as it has been for a couple of years previously, this would make brokerage even better.
I am not quite a skillful trader, though I tried trading with some brokers, including gainsy. But I prefer to invest money to some promising accounts. If we take trading conditions I can admit that execution here is very good in comparison to other oldies. Regarding other aspects of trading, I am not enough specialist to distinguish any small details. But I am specialist in investments and what is the most important, the last week I took money with profit out of pamm accounts I invested with, and it was quite considerable period between my investing and money withdrawal, about 4 month. so in such a long term, following successful investment I took more money than have deposited. And personally my impression about this broker is positive.
About my personal experience as for a bit more than 2 years I can say that service is in the middle between medium and very good. Really impressive that they open and close orders really quickly, usually within a second even when volatility is considerable. After the past year, the broker added awesome majority of trading sets so now it is possible not only to trade pairs, but also other asset types. Another merit is that trading is quite smooth and I don't feel any playing against me as trader, as it was by definite other brokers. I have made some number of withdrawals, all were processed normally. The only thing I hope for is that they would do some commission free deposit and withdrawal method, that would be greatly good for me since I prefer making multiple withdrawals of not very big sums.
This broker represents the worst of the worst in the Forex industry. Note that they are not regulated or supervised in any shape or form. During my time with them, I noted excessive delays in processing withdrawals(if at all). Withdrawal fees are excessive and well above industry norms(6.5% with the right to increase to 25% if insufficient trading volume) . Trading was poor with large slippage experienced. The final straw was when they accessed my account and without authorisation made a destructive sequence of trades on my account, wiping it out in minutes. Be warned and stay far away from this broker.
I am for some time with Gainsy already, the good thing is that through the past year they added more instruments so now I also trade CFDs and index. I may say that broker is within one level by execution orders speed with other major companies. Despite many claims, till the present moment I have never met any difficulties with withdrawals, they have withdraw my funds each time I requested, so I can say that it is reliable broker. After my witdhrawal request several days ago, they asked me additional documents to verify account, but after I gave documents they sent me my money so everything is good so far.
I might say that this company is quite flexible in its services. Having two trading accounts, I ordered two different non-withdrawable bonuses for my different strategies. I shall mention that they provide stronger-than-average services, completely fulfilling their obligations on bonuses and other tips they provide and also they ensure a high order processing speed, especially during calm markets. Their support is quite polite and helpful, and as a long-term runner, I am used to pen trades and can calmly leave them for a week or two, as swaps on major currency pairs is not huge. Recently I made a withdrawal which worked out more general profit that I have deposited in total, so with Gainsy I feel confident and reliably so far. Truly hope this will continue. Among disadvantages, I may mention that their website is old-looking and somewhat ugly, also there are still no oil for trading, but in general, I am more than satisfied with their cooperation.
One of the most important indications of a broker's credibility for me is how they are willing to process withdrawals. In less than three monthses, I had managed to double my invested amount and applied to withdraw the money. So early the next day the money were already in my e-wallet, that is the thing. What about trading conditions, execution is like by many others, spreads are adequate, especially on major pairs such as eur/usd. But personal cabinet is sincerely so-so. So as earning instrument, I currently see that as a good company. If something changes negatively, I shall report here as well as on other sources.
For more than 10 years of my experience with forex and cfd I met quite a few decent brokers. Traded with Gainsy from the middle 2013 till September, 2015, then wanted to tried something else. When at the beginning of 2015 it was the only my broker out of 4 who had paid all the profit, it was the signal to continue, and now I feel sorry having not done it. Execution speed is good, spreads are pleasant and correspond to what they advertise on their site, and what is the most important, withdrawals are paid right in time without delays. If only the'd have cfd, it would probably be the only broker I trade with. This company is of course not super perfect, but quite solid in providing forex trading.
Recently I began trading on this platform, just two months. I was attracted by trading conditions and I decided to try starting from $ 500. Please note that the currency is not much, but there are most popular, which is in principle sufficient. In general, during this period withdrawals and always everything was fine a few times. So I recommend this broker.
I am their client for almost one year, and more than last half year I manage pamm account. Good point is that they provide high order execution speed and don't move opened order to SL deliberately, like many others really do. With such smooth trading I as pamm trader feel confident in taking responsibility of investors' money and it helps me to win profits. About bad points, I would really be glad to see more instruments for trading and maybe some more trading platforms. After all, for their good conditions for trading and withdrawals my impression is positive.
I recently detected that execution speed improved, plus there are almost 0 spikes (well, during heeeavy impact news every brokerage has spikes, this one is not an exception). Some of recently added bonuses are odd, but some of them are quite handy for deposits from 5k. So far this broker is worthy to work with.
As a risky trader, I'm trading only on News. Recent Brexit outcome was something really unexpected, it's good that I hedged most of my risks through gainsy + tickmill. It was a bit weird, that at some point leverage was extended, not cut as it was at other brokerages. Thus, there were no problems at the end of trading session. I have successfully cashed out all my investments from here until further big news. Will surely hedge trades here in future.
After three months trading demo deposited into my live account. Trading is the same as with demo, order processing is rather fast, and what's the most pleasant, there are no huge widenings of spread while opening and closing of trades during news, unlike some other brokers I traded with. For a couple of months with live account, applied several times for withdrawal, everything was processed in due time. So at the moment, I am pleased with their services.
Wanted to share my experience with this company.
Unfortunately, withdrawal hasn't been checked yet, so I would like to tell about trading process and deposit.
First: payment methods.
Used SKRILL for deposit without commissions, they say that withdraw also without commission. It is one of safest methods that I know so I chosen it.
Second: their website.
It is not so comfortable as I used to have at other brokers, but after getting instructions from support, it is become easy and understandable to navigate on it.
Third: trading platform.
I thought that it is strange, that I must to download their MT4 platform for trading, but now I understand that it is great for keeping safe of their servers and my money.
The same thing I can tell you about limitation of "PASSWORD CHANGE" function.
Everything is kinda ok. I am able to trade manually or to use EA - there are no restrictions in styles of trading. Spreads are tight! So tight, as I never saw before! Execution speed: normal. I am not using EAs during tests, but speed is enough for manual trading. Usually, it is about 1 second, so, I think, it must be good even for scalping.
Standard $4 commission, nothing special.
So, finally, this broker offers nice terms of trading for every type of traders, but, unfortunately, SWAP free accounts are unavailable for every trader. Also, this broker doesn't offers its services for citizens of USA.
It is not like they are the best, but they have my respect for how they do business. Not a single serious issue within a year. Support is always polite and helpful. Well it is how it should be. I get my profits and have nothing to say apart from thanks for their service.
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