Excessive slippage noted on scalping trades. Excessive withdrawal fees via Neteller of 6.5% with the option to charge 25% if you do not trade at least 1 lot per $1000 of deposit.
Big hassles to withdraw funds with new levels of 'verification' each time you try make a substantial withdrawal.
Last but not least, they simply stole $15 000 from me by opening and closing high spread trades on my account. In the space of 10 minutes my account was drained with the funds ending up in their account as the counter party to the trades.
stay far far away. There are some really good brokers out there but Gainsy isn't one of them......
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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