Gains Capital FX (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with Gains Capital FX (Imposter) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Full transparency|Easy withdrawals
Cons: Minor UI glitches occasionally
My card was charged twice by Gains Capital FX (Imposter) on the same day. I had to dispute it with my bank. Gains Capital FX (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Easy withdrawals|API access|Easy to use platform
Cons: Would like more payment methods|No integrated tax optimization
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
After spending for over a year trying to make Gains Capital FX (Imposter) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|Intuitive for beginners|Social trading features
Cons: No dark mode on mobile|Mobile app could be improved
Do not believe the bonus offer from Gains Capital FX (Imposter). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Quick verification|Two-factor authentication|Easy withdrawals
Cons: Limited demo account features|Research section could be deeper
The hidden fees at Gains Capital FX (Imposter) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast execution|Fast support response|Automated trading options
Cons: Limited cryptocurrency options
Tried to withdraw my funds from Gains Capital FX (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Gains Capital FX (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
The platform at Gains Capital FX (Imposter) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.
Pros: Multiple order types|Dividend tracking|Personal attention
Cons: Desktop app not available on Linux
Tried to withdraw my funds from Gains Capital FX (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns