GAIN Capital Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- WebTrader
- CFTC
- NFA
- MAS
- ASIC
- FCA
- 1999
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- WebTrader
- CFTC
- NFA
- MAS
- ASIC
- FCA
- 1999
Our Evaluation of GAIN Capital
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
GAIN Capital is a moderate-risk broker with the TU Overall Score of 5.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GAIN Capital clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
GAIN Capital is a company that provides access to financial markets through three large brokers providing services in different countries under different licenses.
Brief Look at GAIN Capital
GAIN Capital is a platform for investors. The company includes three subsidiary brokers, which are: City Index, Forex.com, and Daniels Trading.
GAIN Capital has been operating since 1999 and is registered in Poland. The company has eight offices in as many countries, including the USA and Australia. As of 2021, brokers controlled by GAIN Capital have more than 140,000 active accounts. The activities of these brokers are controlled by financial regulators CFTC and NFA (USA), IIRO (Canada), ASIC (Australia), and MAS (Singapore).
- Open access to Forex through three large brokerage companies.
- The company offers clients professional capital management; hence it is suitable for investment.
- GAIN Capital's work is controlled by reputable financial regulators in the UK. USA, Singapore, Australia, etc.
- Brokers offer 12,500+ trading instruments.
- Profitable fee policy.
- Participation in the brokers' affiliate program requires applying with GAIN Capital and its individual consideration.
- 24/5 support.
- You can get acquainted with the functionality of your personal account only after verification.
TU Expert Advice
Financial expert and analyst at Traders Union
GAIN Capital is one of the largest trading and investment companies in the world. It brings together three brokers and also provides financial advisory services. It is crucial to bear in mind that GAIN Capital is not a broker and if you want to work with this company, trading will be carried out through its subsidiaries.
The brokers that are part of GAIN Capital are reliable and trusted companies. They are licensed by reputable financial regulators and have a good reputation. They work in different financial segments—Forex and the stock market. So, traders need to choose a company depending on their trading priorities. Nevertheless, GAIN Capital can offer users products for both trading and investing.
GAIN Capital Summary
💻 Trading platform: | МТ4 (desktop, mobile, web), WebTrader |
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📊 Accounts: | Standard |
💰 Account currency: | EUR, GBP, USD, CHF, HUF, AUD, JPY, PLN |
💵 Replenishment / Withdrawal: | Credit cards, bank transfer, PayPal |
🚀 Minimum deposit: | From $100 |
⚖️ Leverage: | Up to 1: 5 (for CFDs on stocks), up to 1:30 (for Forex) |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 Spread: | From 0.5 pips |
🔧 Instruments: | Currency pairs (84), stocks (4500), ETFs (690), indices (22), bonds (12), cryptocurrencies (6), and commodities (29) |
💹 Margin Call / Stop Out: | 100%/50% |
🏛 Liquidity provider: | Over 20 large banks |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Instant execution, Market execution |
⭐ Trading features: | There is an inactivity fee that is charged to the account |
🎁 Contests and bonuses: | Yes |
GAIN Capital unites three brokers and offers 12,000 trading instruments. A wide variety of assets is available on the platform, including: Forex, CFDs, stocks, bonds, indices, commodities, and cryptocurrencies.
The company's leverage ranges from 1:30 for the Forex market to 1:5 for stock CFDs. GAIN Capital offers clients only one type of trading account. Swap-free trading is not provided and there are no Muslim accounts within the company.
GAIN Capital Key Parameters Evaluation
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Trading Account Opening
Registration of a personal account on the GAIN Capital website is carried out by contacting the support service. You can register online on the website of the selected broker, after which authorization on the GAIN Capital website will become available.
To become authorized at GAIN Capital, register on the website of either of the broker’s subsidiaries, then click on the “Login” button on the GAIN Capital website.
The following functions are available in the GAIN Capital personal account:
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Formation of trade reporting.
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Financial statistics.
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Downloading trading software.
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Access to the training and analytical portal.
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Functionality for contacting support.
Regulation and safety
GAIN Capital operates under licenses from reputable financial regulators like CFTC (USA), NFA (USA), MAS (Singapore), and ASIC (Australia). The company also has a financial license issued by the UK’s Financial Conduct Authority (FCA) # 190864.
The reliability of GAIN Capital is also confirmed by the fact that the company's shares are traded on the NASDAQ stock exchange. The company also provides clients with negative balance protection.
Advantages
- Client funds are segregated from GAIN Capital and held in segregated accounts
- Negative balance protection is active
- In case of violation by the broker of the obligations prescribed in the offer, the client can file a complaint with the regulator
Disadvantages
- Opening an account with each of these brokers requires separate verifications
Commissions and fees
Account type | Spread (minimum value) | Withdrawal commission |
---|---|---|
Standard | From $5 | No |
The broker has swaps (commission for moving positions to the next day). The analysts of the Union also compared the size of the average trading fee at GAIN Capital, RoboForex and Pocket Option. The comparison results are presented in this table.
Broker | Average commission | Level |
---|---|---|
|
$5 | |
|
$1 | |
|
$8.5 |
Account types
GAIN Capital brokers offer different trading conditions to get started. In the future, you can switch to a professional account to receive more favorable conditions. On GAIN Capital standard accounts, spreads are from 0.5 pips, a fixed fee starts from 0.04 USD per share or per lot.
GAIN Capital provides clients with a free and unlimited demo account to test Forex trading strategies.
Deposit and Withdrawal
The features of withdrawing funds in brokerage companies that are part of GAIN Capital are:
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Withdrawals are made within 3-5 days.
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There are no fees for deposits and withdrawals.
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Bank transfers, withdrawal to bank cards, and PayPal are at your disposal.
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Brokers support eight base account currencies, which are EUR, GBP, USD, CHF, HUF, AUD, JPY, and PLN.
Investment Options
Investment Programs, Available Markets and Products of the Broker
GAIN Capital is focused on retail and institutional investors, so there are a lot of investment opportunities here. Brokers provide clients with more than 12,500 assets, including stocks, bonds, and other investment instruments. GAIN Capital allows clients to make over-the-counter (OTC) transactions, which expands the opportunities for large investors.
An important part of GAIN Capital's investment services is its StoneX division. This department specializes in consulting. StoneX has a client advisory program called the Integrated Risk Management Program (IRMP), where financial managers provide advisory services to investors at all levels, from private traders to hedge funds and banks.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate program from GAIN Capital
GAIN Capital offers an affiliate program through which clients can earn additional income. The company operates programs from two subsidiary brokers: City Index and Forex.com.
The maximum amount of remuneration for attracting clients through an affiliate program is 650 USD. However, to become a partner and receive a promotion reward, a client needs to apply. The application is submitted separately for the promotion of each of these brokers and is considered on an individual basis. Because of this, partners may have certain difficulties.
GAIN Capital also offers a White Label program. Brokers can become partners of the company and promote their services using its products, which include the GAIN Capital trading platform, back-office support, and the ability to work under the company's brand, etc.
Customer support
GAIN Capital support operators work 24/5.
Advantages
- In the online chat, you can ask a question even if you are not a client of the company
- Support available in 8 languages
Disadvantages
- Works 24/5
GAIN Capital’s available communication channels with customer support specialists include:
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phone number (listed in the Contact section);
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email;
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feedback form.
Both registered and unregistered users can ask questions.
Contacts
Foundation date | 1999 |
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Registration address | 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921 |
Regulation | CFTC, NFA, MAS, ASIC, FCA |
Official site | gaincapital.com |
Contacts |
+1 908 731 0700
|
Education
The training at GAIN Capital focuses on the various trading instruments. The broker provides information on stocks, Forex market, indices, commodities, etc. In particular, the company provides information on fundamental analysis, technical analysis, risk management, trading strategies, as well as working with futures.
There are no cent (micro) accounts at GAIN Capital. Therefore, traders can practice only on demo accounts.
Comparison of GAIN Capital with other Brokers
GAIN Capital | RoboForex | Pocket Option | Exness | FBS | Forex4you | |
Trading platform |
MT4, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MobileTrading, MT5 |
Min deposit | $100 | $10 | $5 | $10 | $1 | No |
Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:10 to 1:2000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.5 points | From 0 points | From 1.2 point | From 1 point | From 0.2 points | From 0.1 points |
Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 20% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | No | No | No | No | $5 | No |
Cent accounts | No | Yes | No | No | Yes | Yes |
Detailed Review of GAIN Capital
GAIN Capital has been providing services for traders since 1999 and unites three brokers, each of which has its own characteristics, for example:
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City Index is a broad-based broker that allows clients to trade 12,000+ assets, including real stocks, bonds, and other types of investment instruments.
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Forex.com is a company focused on Forex and CFD trading. The company provides clients with the opportunity to work with more than 400 instruments, including 91 currency pairs.
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Daniels Trading is GAIN Capital's broker specializing in futures trading services.
You must register separately on each of these platforms. However, if you have opened an account on one of these services, you will be able to log in to the GAIN Capital service as well. For example, you may need this if you want to use the services of managing traders.
GAIN Capital is a company specializing in investments
GAIN Capital was created to provide an attractive trading environment for retail and institutional investors. The company provides experienced management services for clients of various levels. Investors of any level can use the services, from private users to large banks, insurance companies, investment funds, etc.
GAIN Capital brokers offer traders convenient MetaTrader 4 trading terminals. In addition, Forex.com has a proprietary platform. GAIN Capital brokers' terminals are adapted for any method of trading, such as online, desktop, and mobile platforms.
The choice of a broker at GAIN Capital depends on what types of assets or trading instruments the trader plans to work with. If the user's interests are not limited to a specific class of assets, such as currency pairs, stocks, commodities, etc., the City Index subsidiary is his best choice. If trading on the Forex and CFD market is a priority, it is worth considering the possibility of working with Forex.com. For investors and traders who prefer trading with futures, Daniels Trading is the best option.
Useful services of GAIN Capital brokers:
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Diverse charts, performance analytics, and an economic calendar. It is possible to set up SMS notifications about changes in the value of assets.
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Economic Calendar and Week Ahead Report. Pivot Point and Advanced Forex Charts are also available.
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Quote charts and reviews. There is also a futures calendar and analytical tools for the trading terminal such as Dt Pro and Multicharts.
Advantages:
GAIN Capital unites three brokers that serve different functions.
By cooperating with all three companies under the GAIN Capital umbrella, clients have access to more than 12,500 assets and trading instruments.
GAIN Capital brokers offer a favorable fee policy,
Clients can use the services of seasoned investment managers.
Companies have a vast array of analytical tools.
User Satisfaction