GainGround
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
What is known about the GainGround trading platform
ABOUT brokerGainGround little information is known. The office is silent about the year of foundation and the creators. But checking the domain showed that it was opened in 2023. This is a new site, which in a short time of operation has gained an extremely bad reputation. The deposit on the site is only $100, and this entry threshold gives beginners the opportunity try your strengths in trade.
On the site GainGround investments Low commissions are indicated. But the problem is that the platform charges additional fees, which it does not notify users about. They offer trading on the author’s platform. Mobile trading is not provided there. There is a 20% bonus for large deposit amounts. The company has a leverage of 1:3000, which is prohibited by regulators because it carries high risks.
The platform states that the account is replenished in all convenient ways – bank cards, electronic wallets, crypto wallets. The broker has reliable liquidity providers. To increase the comfort of trading, traders can use charts, indicators, and analytical data. The instruments available there include stocks, cryptocurrency, indices, currency pairs, and commodities.
In the footer of the site, the regulator and license number are indicated, which turned out to be fake. Legal addressThe 22 High Street, London SW1A 1AA, United Kingdom also turned out to be fake. The situation is similar with contact information: +442030973958 and [email protected].
| Status |
SCAM |
| Year of foundation |
2023 |
| Affiliate program |
No |
| Regulation and jurisdiction |
No |
| Company Features |
The GainGround trading platform does not indicate its founding date and does not have a regulator or license. At the same time, traders are promised high-quality and comfortable asset trading. |
| Website |
gainground.live |
| Contacts |
The 22 High Street, London SW1A 1AA, United Kingdom +442030973958 |
- The platform is comfortable for both novice traders and professionals
- Low entry threshold
- Small amount for withdrawal
- Lack of regulator and documents
- Manipulations with the trading terminal
- Refusal to withdraw money
- False registration address
- Non-work contacts for communication
| Trading Platform |
Author’s |
| Types of accounts |
Standard, Cent, Crypto, Micro |
| Currency |
USD |
| Min Deposit |
$0,01 |
| Leverage |
1:1000-1:3000 |
| Spread |
0,5 |
| Financial Instruments |
Stocks, cryptocurrency, currency pairs, commodities |
| Order execution |
Instant |
| Trading Features |
GainGround provides clients with a platform for trading assets. There are hidden commissions on the site. The broker drains deposits, refuses to withdraw money, and blocks client accounts. |
| Bonus |
Yes |
Trading conditions and platform tools
At the market GainGround it is said that traders have the opportunity to use a large number of instruments for trading. After registering an account, the user can choose from four types of trading accounts.
Types of accounts on the site:
- Standard – deposit $100, leverage 1:2000;
- Cent – deposit 1 cent, leverage 1:1000;
- Crypto – deposit $1, leverage 1:5;
- Micro – deposit $5, leverage 1:3000.
There are no commissions for depositing or withdrawing money. To withdraw profit, the same system is used as when replenishing a trading account. You can contact technical support by phone, email, or feedback form. Just from all the contactsV respond via form. The rest are invalid.
Forex broker GainGround has a bonus program. Users are awarded a bonus of 20% of the deposit. This promotion can be used by traders who have deposited more than $1000 into their account.
How scammers scam users – exposure
If you look at GainGround official website, then an experienced investor will immediately determine what the office actually is. Although the design of the site is pleasant, the information content leaves much to be desired. The legal documentation of the office is fake, so you should not count on the platform to allow you to make money. The scammer looks for its future victims on social networks. They write messages and promise users big earnings. Aggressive marketing is used when talking to people. Fraudsters talk about GainGround how to make money. And users believe them that they can get rich easily and quickly.
Clients often suffer their first financial losses at the stage of replenishing their trading account. Finances disappear in an unknown direction and you have to re-deposit money into your account. Then profitable transactions are drawn, after which the scammers call and ask to increase the deposit amount. After the next replenishment, the orders go negative.
The company promises free training for newcomers. But what the course contains is unknown. Most likely, these are general trading concepts and terminology downloaded from the Internet. When the trader realizes that he is being scammed, he tries to withdraw money, but the transaction is stuck in processing, and technical support cannot be reached.
GainGround – investor reviews
Before creating on GainGround personal account, you need to think several times whether it’s worth doing. The company operates without documents, and this is direct evidence that it is engaged in a money scam.
It didn’t take long to search online for reviews about this scam. They are available on many sites and forums. One of the users writes that he topped up his account on the site with a tidy sum. Before he knew it, he lost all his money. His account was also blocked. He asks other people to write complaints about this pseudo-broker.
Olya writes that $2000 has disappeared from her account. The platform refused to allow her to withdraw her profit. She also cannot withdraw her money that was deposited. She asks for advice from those who have already encountered similar companies, because she does not know what to do next.
Borya also does not recommend this office. He claims that these are blatant deceivers and swindlers. They scam people out of money, extracting every last penny from people. He started trading because there are small deposits. But in order to make a profit, Borya says, you need to top up your account with a larger amount. After increasing the capital, he could not earn anything, but lost the entire amount.
This is only a small part of the reviews that clients have left. Judging by their number, the sharaga regularly resorts to fraud to enrich itself. But even after draining the capital, the client is forced to pay commissions and insurance.
Final Analysis
Attentive GainGround review allowed us to analyze the broker’s activities. And the conclusions are disappointing. This sucker has deceived dozens of people. Cooperation with it carries risks for investors’ capital.
The company deceives clients by not providing real data, drains deposits, and does not process withdrawal requests. It is not recommended to cooperate with this trading platform, because this will lead to a guaranteed loss of money.
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FAQ
Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. See all reviews about GainGround you can visit the company’s official website.
Register on the Rating Forex website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review GainGround, posted at the link.
Reviews
I'm new to trading, so I decided to start with a small amount. At GainGround you can start with a small deposit. This won me over. My first deals were closed in profit. And then the company’s managers started calling and persuading me to increase the amount. I replenished my trading account again, but this time with $1000, in order to still receive a bonus. And that's where they abandoned me. My account was banned without explanation.
Read more
It’s a pity that I thought to check the license after these scammers stole my $200. The amount is small, but it’s a shame that there are such scoundrels. There was not a single profitable trade on their platform.
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Expert opinion
If you look at how the resource is made, it is a one-page website claiming to be a reputable broker. But in reality, it completely copied the design from another site called EvoTrade. This company, like the hero of the review, was launched by the same scammers. They have the same contacts, address, design, information on the website. The previous office was closed two years ago after numerous complaints from affected traders. And about GainGround reviews have already begun to appear, and negative ones at that. The license is indicated as offshore, but checking it on the regulator’s website showed that it is a fake. Such a company is not registered with the FCA. The company lies about the legality of the work so that clients trust it. Many traders accuse the site of fraud, draining deposits, and refusing to withdraw money. This is a reason to think about whether it is worth starting cooperation with this company at all, so that later study refund.