Reported as a scam / unregulated
Why GAINLIT is on the register
GAINLIT claims to be the trading name of Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority (FSA). We searched the Seychelles FSA’s list of licensed entities and found Raw Trading Ltd. However, the registered website belongs to IC Markets and the operating brand name is IC Markets only. There is no information indicating that GAINLIT is one of its brands. Therefore, it is very likely that GAINLIT has misused the regulatory information of a legit broker to mislead investors into believing that it is qualified as a forex broker. GAINLIT is suspected to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.