GAINLIT

Gainlit is the trading name of Raw Trading Ltd, a broker registered in Hong Kong and founded on 28 May 2024. The broker operates the official website gainlit.com, presenting itself as a multi-asset provider offering forex, shares, CFDs, and commodities. It is a relatively new entrant to the retail trading space, with no independent user reviews currently available.

Our records indicate that Gainlit holds a Derivatives Trading License (EP) with licence no SD018, issued by the Financial Services Authority (FSA) of Seychelles. The status of this licence is not specified in our records. The broker also maintains a presence on Instagram, though it reports zero employees on file.

Gainlit is regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP), with licence number SD018. This is an offshore licence, which typically offers a lower level of investor protection compared to major financial regulators such as the FCA or ASIC. The FSA is known for its relatively light-touch oversight, and traders should be aware of the associated risks.

We cross-checked the licence details against public records and found no evidence of clone or impersonator sites, which is a positive sign. However, the limited regulatory framework and the fact that the licence number is not published in our records for public verification means traders should exercise caution. The FXCanary Scam Risk Score for Gainlit is 45 out of 100, indicating a 'Guarded' risk level, primarily due to limited public information.

Gainlit offers three ECN account types designed to cater to different levels of trading experience. The ECN Standard account requires a minimum deposit of US$30 and offers spreads from 0.8 pips with no commission. This account is positioned for beginners. The ECN Prime account, aimed at experienced traders, requires a minimum deposit of US$2,000, offers spreads from 0.1 pips, and charges a commission of US$6.00 per lot.

The ECN Institutional account is tailored for high-volume traders, with a minimum deposit of US$20,000, spreads from 0.0 pips, and a commission of US$4.00 per lot. All accounts offer a maximum leverage of 1:300. The broker does not disclose specific deposit or withdrawal methods in our records, nor does it list the full range of instruments available.

Gainlit provides access to its trading services through a web-based platform, which the broker claims offers fast execution, tight spreads, and Level II pricing. The platform is designed to be user-friendly and accessible from any web browser. Additionally, Gainlit integrates with TradingView, a popular charting platform, allowing traders to use advanced charting tools and indicators.

The broker states it offers over 26,000 tradable instruments, including more than 70 currency pairs, major indices, precious metals like gold and silver, and commodities such as oil and gas. It also mentions access to equities in US companies like Tesla, Apple, and Netflix, as well as cryptocurrencies. However, the specific list of instruments is not fully detailed in our records.

Gainlit appears to target a broad range of traders, from beginners to high-volume professionals. The ECN Standard account with a low minimum deposit of $30 is designed to attract new traders, while the ECN Institutional account with a $20,000 minimum deposit is aimed at serious, high-volume traders. The broker's marketing emphasizes an 'institutional experience for all traders,' suggesting it aims to offer professional-grade trading conditions to retail clients.

Given its offshore regulation and relatively short operating history, Gainlit may appeal to traders who are comfortable with higher risk and are looking for competitive spreads and leverage. However, the lack of independent reviews and limited public information means that traders should approach this broker with caution and conduct thorough due diligence before committing funds.

As a Seychelles-regulated broker, Gainlit operates under a regulatory framework that offers limited investor protection compared to more established jurisdictions. The FXCanary Scam Risk Score of 45/100 reflects a 'Guarded' stance, primarily due to the limited public information available about the broker. This is a cautionary signal for traders who prioritize regulatory oversight and transparency.

Traders should also note that the broker reports zero employees, which may raise questions about operational capacity. While this could be a data reporting issue, it is worth considering. We recommend that potential clients verify the broker's regulatory status independently and start with a small deposit to test the platform and services before committing larger sums.