Open Your Account Today review logo review logo Broker Review
  • Regulated: CIMA, NFA, CFTC, FCA, IIROC, FFA, SFC
  • Platforms: Advanced Trading (desktop), Web platform, mobile (iOS and Android)
  • Min Deposit: 50$
Vote: Review 2020 and Technical Opinions

by | Jul 3, 2019

Did you search review to figure out’s real value?

Would you like to fully understand if is reliable or if it’s a scam?

Do you want to find out everything you can do with, expert opinions, and user reviews?


In this review, you’ll find everything you need to dispel any doubt, including our feedback on, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the platforms, to be able to fully follow this review.


PART 1 – Legal Review – Company and Legal Information

In this review, we’ll have a look at all that the platform has to offer to conclude if it’s safe and well trusted globally.

There are a bunch of trading platforms out there but very few are reliable. Let’s have an unbiased look at

Is a scam? Is reliable? review and legal opinions

It would be safe to state that is not a scam. They have been in operation since 2011 and have managed to establish a solid reputation through these years. is internationally known with users from all around the globe including the UK, US, Australia, and Canada. It is also regulated in different parts of the world and offers not just Forex but other products as well.

The company won the Best US Broker Award in 2019 from and has also received acclaims from other well-known magazines and websites.

Such accomplishments are proof that is not a scam. Moreover, you can find international versions of the site and press releases on the site. This information is available on the official website, which proves it is not a scam.

When I make a deposit to, where does my money go?

Your money is safe with the company as the firm takes major steps to ensure safety.

Customer funds are kept separately and distributed across a huge global network of banks. The banks are carefully selected by the Risk Committee of GAIN‘s Board of Directors, hence you do not have to worry about the safety of your deposits.

Lastly, clients may be eligible for the FSC Scheme, which offers up to £50,000 in case a firm decides to cease trading or goes insolvent.

Is regulated? Regulations – license opinions is a trading name for the incorporation better known as GAIN Global Markets Inc., which can be found on the NYSE.

The incorporation is regulated and authorized under the Securities Investment Business Law of the Cayman Islands by the Cayman Islands Monetary Authority and the much sought after CFTC in the U.S.

You can confirm license details through the company’s registered license number: 25033.

Other than this it is regulated in six other jurisdictions including:

  • The UK: the Financial Conduct Authority (FCA)
  • Japan:  the Financial Services Authority (FSA)
  • Australia: Australian Services and Investments Commission (ASIC)
  • Canada: Investment Industry Regulatory Organization of Canada (IIROC)

Plus, it’s also a member of the National Futures Association (NFA).

How to check the licenses

Check out the following sites for more details and to verify the information.

  • NFA
  • CFTC
  • FSA
  • ASIC
  • FCA

What type of broker is technical opinions is a market maker style of broker. This means that they essentially set their own prices in the market which puts them, in the eyes of some traders, in direct opposition to traders. This is because the goals of traders and markets making brokers are not exactly aligned.

With that said, This can bring you many positive benefits as a trader. It means that you can likely benefit from some more competitive spreads than usual as the broker is enticing you to trade.

Being a market maker in many cases also means that the broker is completely responsible for your order once it is placed. This can mean the process of order execution can often be faster with the likes of

How does profit? makes money by charging commissions on some trades. Moreover, it also charges a spread in some cases. Other than this, does charge fees for the following:

  • Financing (Overnight Fee)
  • Conversion Fee
  • Inactivity Fee

It’s important because at the end of the day the company has to pay bills as well.

Where is the legal office of

While the company is regulated in the Securities Investment Business Law of the Cayman Islands by the Cayman Islands Monetary Authority mainly, its main corporate head office address is:

The company has other offices located as follows:


  • 135 US Highway 202/206
  • Bedminster,  New Jersey,  07921

The company has other offices located as follows:


  • 16 Finsbury Circus
  • London, EC2M 7EB

PART 2 – Account Opening

It is pretty easy to open an account. Go here and fill the form to sign up for free. You can choose between two main account types:

  • Standard: You may also choose to open a MetaTrader account if you’re used to MT platforms.
  • Commission: Does not offer MT accounts.

It’s best to have a look here to know more about other account types including joint accounts and individual accounts.

The company offers a free demo account as well. Plus, it has its own mobile app, too.

What can you do with features opinions. gives you the opportunity to make money by choosing to trade a number of assets. You may buy or sell assets by setting up future orders. demo: how to open a free virtual account

Go here to open a free demo account. You will be able to use it for 30-days and the account will be available right after you sign up.

It works just like a real account. You will be able to open and close trades without having to put real money on the line. Live: how to open a Live account

Go here to open an account. You will have to fill the form and provide the required documents for verification. The process may take about 2 days to complete. Deposits and Withdrawals – All the options

You can fund your account in a variety of ways including debit cards, checks, echecks and wire transfer. The company does not charge incoming or deposit fees but you may be charged a fee by your financial institution.

Funds are returned to the originating account only. The platform charges no fee for withdrawals but it takes about 48 hours for a request to be processed. minimum deposit

The minimum deposit is only $50 which is great as you do not need a lot of money to get started. The minimum trade amount is just $1 making it a good option for new and seasoned investors. Bonus and Offers offers special bonuses and offers from time to time. However, there are no bonuses at display right now. Look for special discounts and deposit bonuses that are announced from time to time.

PART 3 – Review – Accounts, Conditions, and Fees Account Types offers a variety of account types that differ in terms of goals.

  • Standard Account: This account type is ideal for traders who are used to a traditional method of online trading. You can utilize the well-respected MetaTrader trading platform through a Standard Account as well. This is good if you are not interested in paying commissions. Investors can also reduce costs thanks to cash rebates. The platform is quite neat and clean as well.
  • Commission Account: This is suitable for users who are willing to pay a fixed commission to enjoy ultra-tight spreads. No MetaTrader account is available under this category however you can trade EUR/USD for as low as 0.02. The platform is easy to use and the company only charges a commission of $5 per 100K traded.
  • Direct Market Access Account: This one is suitable for users who are serious about trading and want to go big. This one also is not available on MetaTrader yet is quite good thanks to impressive charts and a simple interface. There is a recommended minimum balance of $25,000 and a minimum trade size of 100K.

Commissions, Fees, Spread and Market Trading Hours on offers competitive spreads. You can check live spreads on the platform. As mentioned above, some currency spreads are as low as 0.02, making it one of the best choices out there. However, the spread largely depends on account type as well. Direct Market Access has the lowest spreads and the Standard Account has the highest, with some currency being as high as 2.3 on an average (JPY/USD). is one of the only broker to disclose execution quality. Trades only take 0.03 seconds to complete.

Commission policy is also quite clear. You will be charged a commission on FX trading and CFD trading if you have a Commission Account. There is a flat commission of $5 per 100K. The commission is charged when you execute a trade.

There is commission on Standard Accounts, except for when you trade equities. Other than this, there are a variety of fees charged by the platform:

  • Financing Fee: Also known as rollovers, This is the amount you will have to pay to hold a position when the day changes (overnight). It’s automatically applied to your account at a rate of 2.5%.
  • Back to Base: It’s a form of a currency conversion charge that converts realized losses, profits, fees, charges, and adjustments made in another currency to your base currency. Conversion rates differ and will be available under details.
  • Inactivity Fee: You will be charged an inactivity fee of $15 per month if you do not make any trades for a year. However, there are no such charges if your account has a balance of at least 10,000 base currency.
  • Dividend Adjustments: These will be made when and if a company pays dividends. Long positions will receive net adjustments, whereas short positions will receive gross adjustments.

Forex Trading is open 24 hours a day (5 PM ET Sunday through 5 PM ET  Friday), including most U.S. holidays. Islamic Account does not presently offer an Islamic account. This information will be updated if the company decides to offer Islamic accounts in the future. Leverage – What it the highest leverage offers?

The maximum leverage which you can avail of through is 1:50 depending upon your jurisdiction, although within Europe the maximum leverage offered in 1:30. Cryptocurrencies

You can trade a variety of cryptocurrencies on the platform including Bitcoin, Ethereum, Litecoin, and Ripple.

The nature of crypto traded CFDs as offered here allow you to hold short or long positions without needing a virtual wallet. The spread differs from crypto to crypto and may keep changing from time to time with changing prices.

The typical leverage allowed in cryptocurrency trades on is 1:2 cryptos CFDs allows you to profit from the changing prices. You can trade:

  • Forex (80+ options)
  • Commodities (crude oil, natural gas, etc.)
  • Shares (over 220 US and UK companies)
  • Metals (palladium, platinum, and copper)
  • Indices (Germany 30, UK 100, etc.).

All of these CFD markets are traded using the dynamic margin system. This means the leverage varies between markets from a maximum leverage of 1:50 on some major markets, to a 1:1 ratio on others. Privacy Policy is a reliable company with a solid privacy policy in place. Your data will be safe and secure with the company as it respects all the laws and takes steps to ensure security and safety.

PART 4 – Trading Platforms Review

One of the major reasons why is so popular is due to trading platforms being available on all devices including desktop, web, and mobile. Trading Platform Review

Phone: is one of the few platforms to offer this facility. You can open or close accounts/orders over the phone by calling through local US numbers The call must be made during office hours. Plus, you may be asked to prove your identity so keep documents handy.

Desktop Platform: You can go here to download the desktop application. A Mac version is not currently available though. Mac users can use Parallels and other third-party software if they intend to use the desktop platform. However, it can be quite complicated to do. For these reasons, many choose to operate through Windows where possible. The software is quite light and only requires 200MB of free space. It supports Windows 7 and newer version.

It offers almost all order types available on other platforms including a market order, entry order, stop order, limit order, one cancels other, guaranteed stop loss order, and trailing stop loss order. You will have no difficulty in using the tool. Everything from opening new positions to closing positions is easy.

Web Platform: Web trading is quite simple. Your information will be kept safe and secure. Plus, it works on almost all modern browsers including the latest versions of Internet Explorer. It offers all the features seen in the Desktop Version.

MetaTrader: You can download MetaTrader 4 from here. It’s only available for Windows users right now, but Mac users can use Parallels and other such tools.

Mobile Trading Platforms lets you trade on the go. The app is available for free for Android and iOS users. It’s a complete trading platform that lets you do everything from change orders to open and close positions. The mobile app uses real-time data. Plus, it’s safe and lets you make deposits as well. Tutorial: Where to find the best Guides is a big platform, hence you will have no difficulty in finding answers to your questions. If this review is not enough, you can check the official FAQ to know about the platform. There are also trading courses. 

PART 5 – Support, Research and Educational Material Customer Support excels when it comes to customer support. You will find almost everything under the FAQ section. You also have the option to speak to an agent if needed. You can send your query online using the Contact Us page.

You may also directly choose to email the company at [email protected]. The team is quick to respond (within 24 working hours) but make sure to add all the details regarding your problem including verification information.

The support ticket is taken care of within 24-48 hours.

If you prefer phone support, just dial 1.908.315.0653 or 0800 032 1948 (toll free). There are also international numbers for international users. The service is available 3pm GMT (Sun)  to 10pm GMT (Fri).

Moreover, users can also opt to chat live with the team. This is one of the best options since live chat can help solve problems quickly and easily. The waiting time is just a few minutes and the agents are friendly and well informed.


The company’s Global Research Team is among the best in the business and has been rewarded as well. You will get access to actionable trade ideas and insights published regularly.

The webinars are free. Plus, you can check not only fundamental analysis but also technical analysis. Trading Academy has no trading academy but the education center contains a lot of material for you to go through. Plus, you can also try the 30-day free demo account to know how the system works.

Educational Material can be a good place if you want to know more about Forex. There is a detailed Education section that contains trading courses including glossary, analysis, and strategies. education


PART 6 – Final Thoughts and Opinions – Comparison with Other Brokers

This was our review that will help you understand what offers and how it works. Let’s now compare the platform with other available options out there. review, opinions and final comments is among the oldest and most respectable online FX trading platform out there. It has developed over the years, offering more assets to trade and better customer support – two of the most important factors when choosing an online trading platform. Moreover, it’s also easy to use and is updated from time to time to ensure customers can have an overall enjoyable experience.

You will get to choose between multiple account types, including some very affordable accounts. The spreads are also on the lower side, making it a good option for new and old users.

Why You Should Choose can be a good option if you are looking for a reliable platform. is safe as it is registered and well-regulated. It is also trusted throughout a strong and growing community of traders, and has been since its inception in 2011. This alone provides it with a respectable position in the industry which is worth consideration.

You will get access to reliable information including insights and analysis that you can use to make a decision. However, remember to always trust your judgment as the company will not be held liable for your loss. Reviews – Pros

  • With close to two decades in the industry, is a reliable name. It brings a lot of esteem to the table and offers a safe way to trade.
  • Customer support is excellent. You can get in touch via email, online support system, phone, or live chat. The agents are friendly and will respond quickly.
  • Suitable for all kinds of users thanks to a variety of account types including a no commission account.
  • New users can try the free Demo Account to understand how the system works. This is a big benefit that can help new investors understand online trading. Reviews – Cons

  • Not available in some countries but the platform is gradually growing so keep checking it for when it becomes available in your country if it already isn’t.
  • You may have to wait for your account to get fully approved.