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Is Gaintfx's spreads competitive?
Mark Yong Guan
Tunisia
2023-10-10
ANSWER Given its unlicensed status, we strongly suggest you avoid Gaintfx, regardless of its spreads.When a forex broker's claim about its history doesn't match its website's age, investors must be aware that it is a scam. Gaintfx presents itself as a leading online broker founded in 2013 but its domain "gaintsfx.online" was first registered in December 2022.It is another scam indicator that Gaintfx conceals information about its operator and regulatory status. The lack of transparency strongly suggests that it is a fraudulent platform. While it claims to have offices globally, we cannot find any official data substantiating its legitimacy in forex trading.Therefore, investors should stay away from Gaintfx. Entrusting the broker with funds and personal information is at great risk of fraud and identity theft. Without regulatory oversight, investors cannot get protections by laws and rules. To avoid these risks, it is advisable to choose a fully regulated broker instead.
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