Thegainforge has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Thegainforge is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last Known City : Geneva, Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: thegainforge.com.
I was about to invest with Thegainforge but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Autorité des marchés financiers has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Do not believe the bonus offer from Thegainforge. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Responsive team|Dedicated account manager|Multi-currency support|Risk management tools
Cons: Some tools only available on higher tiers
Tried to withdraw my funds from Thegainforge 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: Cannot withdraw funds|Not regulated|Pressure tactics
Do not use Thegainforge for anything serious. I used them for the past year and a half for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Comprehensive tools|Detailed reporting|Good analytical tools|Customizable dashboard
Cons: None so far
Thegainforge has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Personal attention|Automated trading options|Educational resources|Easy withdrawals
Cons: Minimum deposit could be lower|No integrated tax optimization
The only good thing about Thegainforge is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Risk management tools|Reliable uptime|Demo account available
Cons: Onboarding videos are outdated
Thegainforge offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Good mobile app|Tax reports included
Cons: Wish they had more educational resources
I wanted to transfer my portfolio from another broker to Thegainforge. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Full transparency|Multi-device support|High security standards
Cons: Alert system is basic