Written by
Robert J. Williams
Fact checked by
Beatrice Quinn
Robert J. Williams
Fact checked by
Beatrice Quinn
Gainlit: Is This Good For Advanced Traders?
3/10
(Expert Score)
Product is rated as
#102
Gainlit Overviews
Gainlit is a multi-asset forex and CFD broker launched in late 2023, supporting over 26,000 instruments across forex, shares, crypto, and more. Regulated by the Seychelles FSA and offering USD/EUR/GBP accounts with innovative TradingView-powered charting tools plus FIX API for algo trading, Gainlit appeals to both new and experienced traders via its easy onboarding process and robust platform suite.
| OverView | |
|---|---|
| Broker Name: | Gainlit |
| Year of Establishment: | 2023 |
| Headquarters Location: | |
| Regulations and Licensing: | Regulated by the Seychelles Financial Services Authority (FSA) |
| Supported Countries | |
| Trading Platforms | |
|---|---|
| Types of Trading Platforms: | Gainlit Web Trader, Gainlit Mobile Trade, FIX API Trading |
| Mobile App Availability: | Yes |
| Accounts Features | |
|---|---|
| Types of Accounts: | ECN Standard, ECN Prime, ECN Institutional, Standard, Raw, Pro |
| Minimum Deposit: | $5 |
| Maximum Leverage: | Up to 1:300 |
| Negative Balance Protection: | |
| Costs | |
|---|---|
| Average Spread: | From 0.1 pips |
| Commission Rates: | USD 6 |
| Trading Instruments | |
|---|---|
| Available Assets: | Forex, Equities, Commodities, Crypto, Indices, Metals |
| Deposit/Withdrawal | |
|---|---|
| Deposit/Withdrawal Methods: | Credit/debit cards, e-wallets, bank transfers, local payment methods |
| Deposit/Withdrawal Fees: | |
| Customer Support | |
|---|---|
| Support Channels: | Phone, Email |
| Customer Support Hours: | |
Pros and Cons
PROS
- Over 26,000 tradable assets available.
- Low minimum deposits starting at $30.
- Access to advanced TradingView analytics with up to 25 indicators per chart.
- Multiple account types including ECN & Raw spreads.
- Copy/social trading via proprietary system.
CONS
- Offshore regulation may provide less investor protection than top-tier jurisdictions.
- No swap-free or Islamic account options offered.
- Headquarters location not publicly listed for transparency-seekers.
- Limited details on withdrawal/deposit fees upfront.
- No explicit mention of inactivity or maintenance fee structure.
FAQs
Is Gainlit regulated?
Gainlit is regulated by the Seychelles Financial Services Authority (FSA). While this offers some oversight, it does not provide the same level of investor protection as Tier-1 regulators like the FCA or ASIC.
What are the minimum deposit requirements at Gainlit?
Minimum deposits start from $30 for the ECN Standard account. Other account types may require up to $20,000 depending on features and tier.
Which base currencies can I use for my account?
Supported base currencies include USD, EUR, and GBP.
Does Gainlit support algorithmic or automated trading strategies?
Yes—Gainlit supports FIX API trading for advanced automation and also provides strong trading functionality on its web and mobile platforms.
Are demo accounts available with virtual funds?
Yes—a free demo account with virtual trading balance is automatically created when you register a live profile.
What markets can I trade on Gainlit?
You can trade forex pairs, global stocks (e.g., Apple, Tesla, Netflix), commodities such as gold, silver, oil, agriculture, and copper, major indices like S&P500 and NAS100, metals spot contracts, and a range of crypto CFDs.
How fast is order execution at Gainlit?
Average execution speed is around 40ms, and the broker claims to have ranked #1 in a recent industry study.
Does Gainlit charge commissions or only spreads?
Commission rates depend on the account type: ECN Prime ($6/lot), Institutional ($4/lot), and Raw ($6/lot). Standard and Pro accounts have no commissions and use variable spreads starting from 0 pips on selected accounts.
Is social or copy trading supported?
Yes—Gainlit offers a built-in copy-trading feature that allows users to follow and mirror trades of top-performing strategy providers.
Does Gainlit provide 24/7 customer support?
Yes—customer support is available 24/7 via phone and email, ensuring assistance even during weekends or off-market hours.
About Author
Robert J. Williams
Robert J. Williams, a finance graduate from the London School of Economics, dove into finance clubs during her studies, honing her skills in portfolio management and risk analysis. With a career spanning prestigious firms like Barclays and HSBC, she's become an authority in asset allocation and investment strategy, known for her insightful reports.
Gainlit: Is This Good For Advanced Traders?
