GainGround Review – Detailed Analysis And Main Warning Signs

In the first place, this so-called UK brokerage doesn’t reveal any owners’ information. This puts them on the warning list immediately. Such things are especially sensitive if the broker claims to be from the UK. As one of the financially strictest countries in the world, it’s hard to operate there without authorization.

Therefore, to find out all the dirty secrets about this investment firm, read our GainGround review carefully.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active trading scam
Known Websites:	https://GainGround.live
Blacklisted by:	FCA
Owner:	N/A
Headquarters Country:	UK (allegedly)
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	Not available
Minimum Deposit:	$1
Deposit Bonus:	N/A
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes
Available Trading Instruments:	Forex, Indices, Commodities, Cryptos
Maximum Leverage:	1:2000
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Definitely, after the FCA warning you shouldn’t trust this brokerage at all. Since all the potential problems are expected, feel free to contact us for detailed solution guidance.

Is GainGround Legit or a Scam?

If you look at the GainGround website you won’t see any outstanding features. But you should primarily pat attention to the lack of regulations. In fact, the situation is completely opposite. The company claims to be in the UK, while not being in the FCA register. Quite suspicious, innit?

On top of that, the brokerage is not listed in any other Tier 1 regulatory register, for instance, BaFin, ASIC or CFTC. Not to mention they ended up on the FCA warning list. Consequently, you know that you can’t trust any of their fake promises.

Traders Experience With GainGround

Even though, gainground.live reviews might appear positive, they are not. On Trustpilot, you can already see 28 comments with 25% negative ones. But in reality, most likely there are many more.

In general, traders are complaining about withdrawals. Understandably. But if you are as well one of those, our specialized refund team is at your disposal. Feel free to contact us for more advices.

How Does GainGround Work?

The whole business goes around manipulations. Whether with fake ads about auto-trading software or trading signals. But even if that somehow works, the company won’t let you get any of the money out.

If you think about it for a second, they would be licensed if they are legit, right? Since they are not, you can only expect one way to end. To get your money back, we strongly suggest you some of our refund alternatives. If you want to find out more, send us a message.

Who Are GainGround Victims?

One of the worrying facts is that this brokerage was registered in February 2023, at least according to who.is. Since they already earned a warning from the trusted regulator, that’s not a good sign.

In fact, traders that experienced that on their own skin are mostly coming from:

• Japan
• Germany
• United Kingdom
• Latvia
• Poland

Regardless of your country, feel free to share your opinion about the brokerage in the comments below. After all, for a detailed consultation, you can book an appointment with our experts. But before that, equip yourself with adequate knowledge by reading our USGForex review.

What Are Trading Platforms Available?

Instead of cTrader or MetaTrader, you’ll have to go through the web-based nightmare. This brokerage does not offer any third-party reliable technology.

You can expect only basic customization options, technical indicators and limited features. Yet, we are sure that you can find more reliable options wherever you are coming from.

Is the GainGround Mobile Trading App Available?

Another warning sign comes with the company’s lack of mobile apps. In general, that’s a sign that they are not planning to stay in the business in the long run. Hopefully, you now understand the difference between a swindler and a legitimate firm.

What Financial Instruments Does The Platform Include?

Considering missing regulations, you can’t expect reliable information about tradeable assets. Above all, the company lacks one of the most important classes – stocks. Instead, you can trade:

• Forex – GBP/AUD, NZD/AUD
• Commodities – gold, silver
• Indices – DAX30, ASX200
• Cryptos – BTC, ETH, XRP

Account Types Offered by GainGround

Even though the company has quite a low minimum deposit requirement, don’t fall for that trick. After all, they will come for everything you have. Anyway, the account types are:

• Standard  – $100
• Cent – $1
• Crypto – $1
• Micro – $5

Can a Trader Use a GainGround Demo Account?

Unfortunately, Gain Ground trading company doesn’t offer a demo account. Therefore, all new customers will leave their website blindly accepting their terms and conditions. To learn more about the importance of a demo account, read our RSQTrade review.

Fees, Spreads, Leverage and Commission

This investment firm offers insanely high leverage without any protection. Primarily, we are talking about negative balance protection. But also, there is a guaranteed stop-loss missing.

With a leverage of 1:2000, everything they give you is quite dangerous. As for the other costs, you’ll have to prepare yourself for surprises.

Is GainGround Withdrawal Possible?

Not at all. Primarily, the company is on the warning list. On top of that, their withdrawal policy is practically imaginary. In the end, their agents can make up any story they want without any consequences.

If you were looking for withdrawal fees and methods, you would also have to guess. Therefore, we suggest you switch to a more reliable broker.

What Should I Do If I Have a GainGround Problem?

Generally speaking, with unregulated scam brokers you have only a few options. But those options depend on your deposit method. With our experts, you can get detailed guidance for chargeback or even a Fusion Forensics Limited crypto tracking option. We advise you to book a meeting since the first one doesn’t cost you anything. Get in touch today and book yours!