GainTradex review – Is scam or safe?

GainTradex review – Is scam or safe?

Caution! GainTradex is an offshore company! Your funds may be at risk.


GainTradex Key Facts

🔴 GainTradex offers questionable products and services. A scam sign!

🔴 GainTradex doesn't reveal critical information about their business. Red flag!

🔴 GainTradex doesn't hold a license to offer financial services. Red flag!

🔴 GainTradex is a recently registered website. A disturbing sign!

GainTradex products and services

GainTradex offers a variety of products including Forex, CFDs and Binary Options. The products are not fully specified, especially Forex and CFDs, but the Binaries raises the alarm. These so-called instruments are no longer considered financial instruments and have nothing to do with investment products. Most suspiciously, they offer fixed-income investment plans promising unrealistic rates of return, so beware.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

GainTradex company and regulation

GainTradex doesn't disclose the company that's running this investment scheme. We researched to find a licensed company associated with this website, but there is nothing. It's an unlicensed investment provider, which is not safe to trade and invest with. You’d better stay away from this shady business and rely on trustworthy companies abiding by the financial legislation in your country.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

GainTradex address and contacts

GainTradex lists 866 Limer Street Rising Fawn, GA 3073 as their headquarter address. It's a location in the USA, which is impossible to associate with this website. The contact number is +1 912-785-2897, a US phone clear of spam reports. However, the information provided isn't enough to confirm it's a legit business because there are no third-party sources linking this website to the address and the contact number presented. There is a lack of transparency, which is a major red flag we need to note down.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy. website info is a domain name registered on 23th of April 2020, so it's 2 years old a website. They've been present on the Internet for quite some time, but the lack of information about this website is scarce. That's a disturbing sign.

It's hosted on a Singapore IP:, which co-hosts 85 other websites. Some of the domains belong to Forex brokers and investment providers, so we believe these are linked to each other and probably run by the same people.

Alexa doesn't even rank this domain, so it's a highly unpopular website people do not trust, regardless of the age. The Alexa ranking isn't a key determinant, but the lack of popularity definitely isn't a good sign. uses privacy protection services to hide the ownership of the website. The latest trend in the privacy policy around the world denies it should be a problem but considering it's an investment service we might as well dismiss this as a disturbing sign.

See some of the websites co-hosted on the same IP address in Singapore.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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