Review of GAINSY fake broker scam schemes and client feedback.
Review of GAINSY: who stands behind whom?
The company GAINSY presents itself as a reliable forex dealer with excellent functionality and favorable trading conditions for traders of all levels. However, reviews of gainsy.com tell a different story. To find out the truth, we conducted a thorough analysis of the service and prepared this review based on it.
Regulation of financial operations
Visiting the official website gainsy.com, we did not find information about registration and licenses, so we had to turn to alternative sources.
Although the broker’s main office, according to some data, is located in Hong Kong, other sources point to St. Vincent and the Grenadines. It is claimed that GAINSY was founded in 1998, but the website itself was registered only in 2012. Details of what the broker was doing all this time remain scarce.
Some sources claim that the broker’s activities are regulated by the FSA, the International Financial Services Management, although there is no mention of licenses on the gainsy.com site. It is unusual that apart from the document number, there are no scans or details, which undermines trust in the service.
Thus, it can be concluded that the broker GAINSY is unlikely to be subject to any legislation, including offshore jurisdictions.
First impression from the site
When visiting gainsy.com, the non-standard design immediately catches the eye, resembling more of a hastily created news portal and not resembling a typical broker’s website.
Overall, some advantages can be seen on the site, such as the presence of a Russian version and a large number of currency pairs. However, further examination reveals content inconsistencies – older news articles, outdated reviews, and insufficient information. There is also a lack of contact information to reach company representatives, poor translation, and unreliable bonus offers.
When analyzing customer reviews, other dubious aspects were identified:
- Lack of contact information other than email in customer support,
- Poor translation into Russian,
- Fraudulent scheme of offering bonuses and attracting new clients.
Special attention deserves the last point. The company GAINSY initiates a reward program for trades of customers brought in by other users. However, to receive such a bonus, the customer needs to deposit a significant amount into the account, then the money disappears, along with hopes of withdrawal, which becomes a widely recognized scam.
What is fraud with the broker GAINSY?
Based on the review, several shortcomings that seriously undermine trust in the company were identified:
- Privilege fraud: Service representatives urge clients to make large deposits to receive privileges that remain inaccessible or are only simulated.
- Suspicious broker behavior: Clients note strange occurrences after trades, such as large spreads, requotes, and order slippage.
- Quotation falsification: Published figures do not correspond to reality and can lead clients to losses.
- Demo account scam: After successful testing, real trading leads to losses.
Broker review insights
Users Anvar and BadBear strongly advise against contacting gainsy.com.
ilkka shares the story of their experience, while vetlan falls for a trick and possibly loses money. Trader mirny notices strange moments, and Olga and Victor become victims of GAINSY scammers. Clients continue to come forward and bitterly regret their decision.
Review conclusions
Based on the analysis results and customer feedback, it can be concluded that the company Gainsy is a fraudulent organization. It is not advisable to deal with such practices, as you risk both your savings and time.
Do not fall for tricks and false promises – study real reviews and market information to avoid falling into fraudulent schemes. It is recommended to be vigilant when choosing a partner for financial operations and not to lose vigilance even in cases where everything seems easy and profitable.
Author: Victor Saltykov