Score

1.52 /10
Danger

GAIN Capital

United States

5-10 years

Suspicious Regulatory License

High potential risk

B

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Score

Regulatory Index0.00

Business Index7.10

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

GAIN Capital Holdings Inc

Company Abbreviation

GAIN Capital

Platform registered country and region

United States

Company website

Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GAIN Capital · Company summary

NOTE: GAIN Capitals official site - https://www.gaincapital.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

GAIN Capital Review Summary
Founded 1999
Registered Country/Region United States
Regulation No Regulation
Market Instruments Foreign Exchange, Commodities, Indices, and Shares
Leverage 1:200 (Maximum)
Minimum Deposit $250
Customer Support Email: ir@gaincapital.com
Telephone: +1 8773673946
Linkedin: https://www.linkedin.com/company/gain-capital

What is GAIN Capital?

GAIN Capital, established in 1999 and registered in the United States, was acquired by StoneX Group Inc. in July 2020. The broker offers a diverse range of market instruments, including Foreign Exchange, Commodities, Indices, and Shares. Notably, GAIN Capital currently operates without regulatory oversight, prompting considerations about transparency and risk. And the non-functional status of its official website (https://www.gaincapital.com) limits access to detailed information, creating a challenge for potential users.

GAIN Capital

Pros & Cons

Pros Cons
  • Long Established History
  • Lack of Regulation
  • Diverse Market Instruments
  • Non-Functional Official Website
  • Limited Transparency

Pros:

  • Long Established History: GAIN Capital has a substantial history in the financial industry, having been founded in 1999. This longevity can be perceived as a positive factor, suggesting stability and experience in the market.

  • Diverse Market Instruments: The broker provides access to a wide array of market instruments, including Foreign Exchange, Commodities, Indices, and Shares. This diverse offering allows traders to engage in various asset classes based on their preferences and strategies.

Cons:

  • Lack of Regulation: GAIN Capital operates without regulatory oversight, which can be a significant concern for traders and investors. Regulatory compliance is typically associated with transparency, adherence to industry standards, and client protection.

  • Non-Functional Official Website: The official website of GAIN Capital is currently not functional. This limits access to essential information about the broker's services, terms, and conditions, making it challenging for potential users to conduct thorough research.

  • Limited Transparency: Traders and investors often rely on transparent information to make informed decisions about a broker's services, policies, and overall operations. The absence of such transparency creates uncertainty and leads to challenges in assessing the credibility and reliability of the broker.

Is GAIN Capital Safe or Scam?

Assessing the safety of GAIN Capital involves considering various factors, and it's important to highlight both positive and concerning aspects. GAIN Capital operates without regulatory oversight, raising immediate concerns about client protection and adherence to industry standards. The non-functional status of GAIN Capital's official website further contributes to uncertainties. The current non-operational website limits transparency and obstructs potential users from conducting thorough research, hindering their ability to make well-informed decisions.

No license

Market Instruments

GAIN Capital offers a diverse range of market instruments, allowing traders to engage in various asset classes.

  • Foreign Exchange (Forex): GAIN Capital facilitates trading in the foreign exchange market, allowing participants to buy and sell different currency pairs. Forex trading is one of the most liquid and actively traded markets globally.

  • Commodities: Traders using GAIN Capital's platform can access commodity markets. Commodities include physical goods such as gold, silver, oil, and agricultural products. Commodity trading provides diversification opportunities for investors.

  • Indices: GAIN Capital enables traders to participate in index trading. Indices represent a basket of stocks or other assets, providing a broad market overview.

  • Shares: GAIN Capital offers the opportunity to trade individual company shares. This allows investors to buy and sell ownership in publicly-listed companies, participating in the equity markets.

Leverage

GAIN Capital provides leverage to traders, allowing them to amplify their market exposure and potentially increase profits (or losses). Leverage is expressed as a ratio, indicating the proportion of borrowed funds to the trader's own capital. The maximum leverage offered by GAIN Capital is 1:200. This implies that for every $1 of the trader's capital, they can control a position of up to $200 in the market. US traders can only open an account with leverage capped at 1:50, which is the maximum margin enforced by the CFTC forex trading guidelines.

Note that while leverage can enhance potential profits, it also amplifies the risk of significant losses. Traders should approach leverage with caution and have a thorough understanding of its implications.

Customer Service

GAIN Capital provides customer service through several channels to assist clients with inquiries and support needs.

Email: ir@gaincapital.com

Clients can reach out to GAIN Capital's support team via email for general inquiries, account-related questions, and assistance.

Telephone: +1 877 367 3946

GAIN Capital offers a telephone hotline for clients to seek immediate assistance or support. Traders can use this number to contact the customer service team for prompt responses to their queries.

LinkedIn: https://www.linkedin.com/company/gain-capital

GAIN Capital maintains a presence on LinkedIn, a professional networking platform. While LinkedIn may not be a direct customer support channel, it can serve as an additional resource for updates and communications from the company.

Conclusion

While the long-established history and diverse market offerings can be viewed as positive attributes, the lack of regulatory oversight and the non-functional website pose substantial risks. Prospective clients contemplating GAIN Capital for their financial endeavors should proceed with caution, undertake comprehensive research, and remain vigilant for any alterations or developments in the broker's standing.

Frequently Asked Questions (FAQs)

Q 1: Is GAIN Capital a regulated broker?
A 1: No.
Q 2: What market instruments can I trade with GAIN Capital?
A 2: GAIN Capital offers a diverse range of market instruments, including Foreign Exchange, Commodities, Indices, and Shares.
Q 3: What is the maximum leverage offered by GAIN Capital?
A 3: GAIN Capital provides a maximum leverage of 1:200. However, U.S. traders are subject to a maximum leverage of 1:50 in compliance with CFTC guidelines.
Q 4: What is the minimum deposit requirement to open an account with GAIN Capital?
A 4: The minimum deposit required to open an account with GAIN Capital is $250.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

NewsThe NFA Imposes A $700,000 Fine On GAIN CAPITAL

The National Futures Association (NFA) has ordered GAIN Capital Group LLC to pay a $700,000 fine.

WikiFX
2022-12-09 10:19
The NFA Imposes A $700,000 Fine On GAIN CAPITAL

NewsGAIN Capital is being sued by the NFA for improperly adjusting customer accounts

The latest issue of NFA's Investor Newsletter, released monthly, was released today. It outlined the measures it has taken recently to uphold the legislation. One of them is the NFA's complaint against GAIN Capital, a company that facilitates internet trading, and Alexander Robert Bobinski, Jr., who is linked with GAIN Capital.

WikiFX
2022-10-25 12:03
GAIN Capital is being sued by the NFA for improperly adjusting customer accounts

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。24192
more than one year
Unfortunately, my experience with GAIN Capital has been frustrating. I've encountered difficulties accessing my account balance, facing technical issues or screen errors. Having to file complaints due to these issues has been disappointing.
Unfortunately, my experience with GAIN Capital has been frustrating. I've encountered difficulties accessing my account balance, facing technical issues or screen errors. Having to file complaints due to these issues has been disappointing.
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2024-02-02 17:08
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0
more than one year
I received an advertisement from GAIN Capital before, asking me if I want to open a foreign exchange company. Feeling baffled, I came to wikifx and searched, and found that this company does not look legitimate at all! I think all they care about is my money.
I received an advertisement from GAIN Capital before, asking me if I want to open a foreign exchange company. Feeling baffled, I came to wikifx and searched, and found that this company does not look legitimate at all! I think all they care about is my money.
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2023-02-20 18:38
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