Review – Biggest Downsides and Irregularities Review – Biggest Downsides and Irregularities

One of the first warning signs is that this company doesn’t reveal any details about its owners. Apparently, is operating from the Netherlands.

With quite strict European and domestic regulations, this brokerage is not even a candidate for a license. Therefore, to find out all the ways they can scam you, read our review carefully.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites:
Have Warnings From: AFM, CNMV, CONSOB,
Registered In: Netherlands (allegedly)
Operating Since: 2023
Trading Platforms: Web trader
Maximum Leverage: N/A
Minimum Deposit: 250 EUR
Deposit Bonus: N/A
Trading Assets: Forex, Indices, Shares, Commodities, Cryptos, ETFs, Cannabis
Free Demo Account: Not Available
How To  Withdraw From This Company? Considering multiple warnings from trusted regulators you don’t have a single reason to trust this brokerage. Especially about withdrawals. Therefore, if any problem occurs don’t hesitate to contact our chargeback experts for advice.

Legal Info: Is Legit Or A Scam?

Numerous warning signs lead to the conclusion that this firm is an absolute scam. Let us start with missing domestic AFM regulations. Not to mention some more trusted options like FCA, BaFin or ASIC.

Generally, the company doesn’t have any credibility at all. Especially after warnings from FSMA, Finanstilsynet and AFM. Therefore, everything this so-called Dutch broker offers you becomes completely irrelevant. Practically, they can do anything they want without any consequences. But not under our watch.

Who Are’s Clients?

Since 2023 when they officially started operating, GainfulMarkets mainly scammed traders from: 

  • Slovakia
  • Germany
  • Czechia
  • Spain
  • Netherlands

Quite attractive countries for targeting, if you like. Note that there are solutions to get your money back if you were one of their victims. To find out more, feel free to contact our refund specialists and book your first meeting without any hidden costs.

Investment Costs With

Of course, none of the account types or FAQs reveal the trading conditions. Therefore, prepare yourself for anything. This scam brokerage is obviously manipulating its customers.

The idea is to get them on board and prevent them from taking any of the funds out. Of course, with unknown trading costs, they can make up anything and make it look like you don’t have anything to withdraw. To understand the importance of transparent fees, read our RaceOption review.

Trading Features On Offer

All the trading features are related to their web-based platform. Not something any experienced trader is looking for. Especially if you know all the benefits that MetaTrader or cTrader bring to the table.

Even the inexperienced traders can find the difference. Anyway, you won’t have the option to use some advanced features, such as social trading, copy trading or Expert Advisors.

Available Trading Assets

Tradeable assets should be your least worry with Gainful Markets scam broker. Practically, with all their unclear features, trading instruments become completely irrelevant. Especially with their web-based platform that can manipulate all the data on charts. 

Anyway, the company offers: 

  • Forex – USD/EUR, USD/JPY
  • Commodities – natural gas, crude oil
  • Indices – Dow Jones, FTSE 100
  • Shares – Walt Disney, General Motors
  • Cryptos – BTC, XRP, XRM
  • ETFs – Russell 2000, QQQ

Account Types

As with any other scam firm, you can see the same pattern here. Brokerage offers you a wide range of account types with fictive support and educational benefits. Yet, none of the financial benefits are revealed. The options are:

  • Standard – 250€
  • Bronze – 3 500€
  • Silver – 10 000€
  • Gold – 25 000€
  • Platinum – 50 000€
  • Pro – 100 000€
  • VIP – 250 000€

Mobile Trading App

If you are looking for an iOS or Android mobile app, you are fooling yourself. Same as with SPMarket24, brokerage which doesn’t have dedicated apps. Generally, not something that would make you attracted to this company.

Demo Account

Since the company is only offering a web-based platform, it’s no surprise they don’t have a demo account.  Otherwise, they would expose all of their flaws. Overall, a demo account is key feature for any trader to test all the services and tools.


Important to realize is that this scam investment firm doesn’t offer any educational package. Instead, all their account types bring you the benefits of a dedicated account manager. But keep in mind that those are set just to extort as much money as possible from you. Withdrawal

Another key warning sign is that the company doesn’t have transparent withdrawal methods and fees, neither do they have transparent withdrawal processing time. Overall, that’s a sign you should avoid the brokerage at all costs.

In general, you never know when something new could come up. For instance, scam brokerages often use non-existent fees and taxes to get the last funds from their clients. But don’t fall for these tricks. The best option is to book consultations with experts and avoid getting even more scammed.

Customer Support

As can be seen, broker offers 3 phone lines and e-mail for contact options. Yet, without transparent working hours. In any case, there are not many reviews pointing out the reliability of their customer representatives. But with all warnings and so many unclear things, we suggest you not to test it out.

Key Information To Consider About

Primarily, you should think about lack of regulations. Consequently, about numerous warnings from trusted regulators. In the end, the company is not offering anything that you can’t find with Tier 1 licensed companies. Therefore, don’t waste your time and money.

But if you already did, our refund experts are there to help you get your money back. Even if it’s a crypto transfer, our CipherTrace can track it down. Don’t let these swindlers get away with it. Book your first meeting today!

FAQ Section

What Is

Gainful Markets is an anonymous brokerage active since 2023 mainly in Europe with FX and CFD trading offers.

Is Legit Or Scam?

The company is definitely a scam. Primarily because of missing regulations but also because of multiple warnings issued against them.

What Are The Account Types Of

There are 7 account types with zero reliability. The main goal of those is to extract more funds from clients. If you experienced anything similar, feel free to contact us for advice.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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