Gains Network (gTrade) platform review
Gains Network (gTrade) costs you $0.12 to $0.60 to open $100 of collateral at 10x and tops out at 1000x, where the move that closes you out is set by its published table.
The 0.012 to 0.06 per cent comes off notional, so every step up the leverage costs you more to enter and leaves you less room. Opening at 10x costs you $0.12 to $0.60, against $12.00 to $60.00 at 1000x.
Gains Network calls itself a synthetic leveraged trading protocol on Arbitrum, Base, Polygon and Solana; positions are synthetic exposure against gToken vault liquidity and lists 7 asset classes : equities, exchange traded funds, cryptocurrency, metals, commodities, equity indices, forex. You put up collateral, pick long or short and attach leverage of up to 1000x, and that collateral is what funds the trade (Gains Network (gTrade) documentation).
Open Gains Network (gTrade)who stands behind Gains Network
Gains Network is run by a foundation of private interests and its terms point to Panama, with 1 named country it says it will not serve, and whether it checks your identity is undocumented (Gains Network (gTrade) terms). It claims no licence anywhere, so no regulator stands between you and a dispute.
the Gains Network ceiling is 1000x
Most of what you can trade on Gains Network is capped well below the 1000x headline. It sets a ceiling per asset class across 11 published groups running from 25x to 1000x, and 1000x belongs to 1 of them. You set it as any number up to the ceiling, with no floor published.
| Class | Ceiling | Opening rate |
|---|---|---|
| major currency pairs | 1000x | 0.012% |
| minor currency pairs | 750x | 0.016% |
| high-multiplier cryptocurrency pairs | 500x | no separate rate |
| exotic currency pairs | 500x | 0.02% |
| gold, silver and copper | 250x | no separate rate |
| Bitcoin and Ether | 200x | 0.035% |
| oil and platinum | 150x | no separate rate |
| cryptocurrency pairs outside Bitcoin and Ether | 150x | no separate rate |
| equity indices | 100x | 0.05% |
| equities | 50x | no separate rate |
| the two mining equities named in the pair list | 25x | no separate rate |
At every one of the 11 leverage levels: room at that ceiling not published as a rule.
Gains Network charges 0.012% to 0.06% of notional on the way in and again on the way out
You pay 0.012 to 0.06 per cent of notional, which is collateral multiplied by leverage, when you open and the same again when you close (Gains Network (gTrade) fee documentation). On $100 of collateral at 10x that is $0.12 to $0.60.
| Class | Opening rate | Cost to open $100 at 10x | Round trip on the same position |
|---|---|---|---|
| major currency pairs | 0.012% | $0.12 | $0.24 |
| minor currency pairs | 0.016% | $0.16 | $0.32 |
| high-multiplier cryptocurrency pairs | 0.02% | $0.20 | $0.40 |
| exotic currency pairs | 0.02% | $0.20 | $0.40 |
| equities, third tier | 0.03% | $0.30 | $0.60 |
| gold | 0.035% | $0.35 | $0.70 |
| Bitcoin and Ether | 0.035% | $0.35 | $0.70 |
| oil | 0.04% | $0.40 | $0.80 |
| equities, second tier | 0.04% | $0.40 | $0.80 |
| copper | 0.05% | $0.50 | $1.00 |
| platinum | 0.05% | $0.50 | $1.00 |
| silver | 0.05% | $0.50 | $1.00 |
| core cryptocurrency pairs | 0.05% | $0.50 | $1.00 |
| equity indices | 0.05% | $0.50 | $1.00 |
| equities, first tier | 0.05% | $0.50 | $1.00 |
| cryptocurrency pairs outside the core list | 0.06% | $0.60 | $1.20 |
1 further charges sit on top of that rate and change what a round trip costs you: fixed spreads per side from 0 per cent to 0.025 per cent across 14 groups, 3 of them unpublished.
what $100 of collateral costs you at each level
Your exposure is the collateral multiplied by the leverage, so $100 at 1000x controls $100,000. Breakeven is the move that just covers what you paid to open, and room is how far Gains Network lets the market go against you before the trade ends.
| Multiplier | Exposure on $100 | Costs to open | Round trip |
|---|---|---|---|
| 2x | $200 | $0.02 to $0.12 | $0.05 to $0.24 |
| 3x | $300 | $0.04 to $0.18 | $0.07 to $0.36 |
| 5x | $500 | $0.06 to $0.30 | $0.12 to $0.60 |
| 10x | $1,000 | $0.12 to $0.60 | $0.24 to $1.20 |
| 20x | $2,000 | $0.24 to $1.20 | $0.48 to $2.40 |
| 25x | $2,500 | $0.30 to $1.50 | $0.60 to $3.00 |
| 40x | $4,000 | $0.48 to $2.40 | $0.96 to $4.80 |
| 50x | $5,000 | $0.60 to $3.00 | $1.20 to $6.00 |
| 100x | $10,000 | $1.20 to $6.00 | $2.40 to $12.00 |
| 200x | $20,000 | $2.40 to $12.00 | $4.80 to $24.00 |
| 500x | $50,000 | $6.00 to $30.00 | $12.00 to $60.00 |
| 1000x | $100,000 | $12.00 to $60.00 | $24.00 to $120.00 |
At every one of the 12 leverage levels: room to liquidation not published as a rule. Breakeven move is left out because it needs a single rate. Fee as share of room is left out because it needs both figures.
Entry cost is 0.012% to 0.06% of notional, referral discount applied where one is published. Room is computed from the Gains Network maintenance rule. Where a rate varies by asset class both ends of the schedule are shown. Holding costs are excluded, so every figure is a floor.
what it costs you to hold a trade open
You cannot work out what it costs you to hold a trade open on Gains Network (gTrade) overnight. It takes the holding fees funding accrues per second, borrowing accrues per block, both on total position size and publishes no rate for it, so stay in for a day and you have paid something no figure here can tell you. Every Gains Network cost quoted below is a floor for that reason, correct as you open and wrong by an unknown amount by the time you leave.
the move that closes you out on Gains Network
Gains Network (gTrade) gives the rule as a formula, Liquidation Price Distance = Open Price * (Collateral * Liquidation Threshold - Closing Fee - Borrowing Fees) / Collateral / Leverage; long liquidation = Open Price - distance, short = Open Price + distance, which puts you a distance only its published table supplies from liquidation at 10x and closer still at the 1000x ceiling (Gains Network (gTrade) on liquidation). It publishes 11 worked thresholds, the widest costing you 89.20% of the collateral and the tightest 55.00%.
| Class | Multiplier | Loss of stake at liquidation | Price move that produces it |
|---|---|---|---|
| cryptocurrency | 10x | 89.20% | 8.920% |
| cryptocurrency | 50x | 75.29% | 1.506% |
| cryptocurrency | 150x | 63.00% | 0.420% |
| major forex | 100x | 88.80% | 0.888% |
| major forex | 500x | 69.00% | 0.138% |
| major forex | 1000x | 63.00% | 0.063% |
| minor forex | 750x | 58.00% | 0.077% |
| exotic forex | 500x | 55.00% | 0.110% |
| gold | 100x | 70.00% | 0.700% |
| gold | 250x | 62.50% | 0.250% |
| other commodities | 150x | 58.00% | 0.387% |
the 7 asset classes Gains Network lists, and how many instruments
Gains Network names 7 asset classes (equities, exchange traded funds, cryptocurrency, metals, commodities, equity indices, forex) and never says how many instruments that comes to, so you cannot count what is tradeable before you open an account. You can see the class it lists, so check the app for your ticker before you plan a trade on anything specific.
getting money in and out of Gains Network (gTrade)
You cannot find out how money reaches or leaves a Gains Network account. It documents no settlement currency, no deposit route and no withdrawal route, which is worth weighing against a 0.012 to 0.06 per cent entry cost you can compute to the cent, and whether it runs a practice mode is undocumented.
whether a loss can exceed the collateral
You cannot lose more than the collateral per trade on Gains Network (gTrade) (Gains Network (gTrade) terms on loss). At 1000x that ceiling is reached by a published threshold move against you, on $100,000 of exposure funded by $100.
what the Gains Network referral gives you
Gains Network never states what its referral gives you, so no figure is attached to it here. It binds by link with a link, and what you can check either way is the 0.012% to 0.06% entry cost, the 1000x ceiling and a loss capped at the collateral per trade.
The Gains Network (gTrade) promo code page carries the eligibility and the exclusions in full.
verdict
Use Gains Network if you are sizing at or below 5x, where 0.012% to 0.06% on notional keeps your entry cost on a $100 collateral at $0.12 to $0.60. Look elsewhere if you need to hold for days, because nothing Gains Network publishes lets you price that. Before you size anything, check what the collateral is against what you can lose: $100 at 1000x puts $100,000 of exposure on a loss that stops at the collateral per trade.
20x is the ceiling, and it is not a safe one. Every step up shrinks the move that closes you out.
what Gains Network (gTrade) says in its own words
11 terms are quoted or paraphrased from Gains Network (gTrade) documentation rather than computed, and kept separate for that reason.
- On fees. Closing fee equals the opening fee in every published row (for example crypto core 0.05 per cent open and 0.05 per cent close; stocks 0.05 per cent/0.04 per cent/0.03 per cent both sides).
- On fees. gTrade publishes no maker/taker split. The docs describe a single 'Market/Limit' fee that routes to protocol fee distribution for market orders and to oracle bots for limit orders, with no separate numeric rates: unconfirmed.
- On fees. Fixed spread per side; round trip is double (BTC/ETH 0.01 per cent round trip). Exotic forex spread is set per pair by volatility and stock and index spread values are not published: unconfirmed. Price impact applies on top on pairs with configured depth.
- On carry. No numeric funding or borrowing rate is published. Funding is paid by the heavier side of open interest to the lighter side and accelerates with the size and duration of the imbalance. Borrowing is always paid by the trader: feePerBlock = baseFeePerBlock * (effectiveOi / maxOi) ^ exponent, with effectiveOi = min(max(abs(long - short)), max*minP), max*maxP); no numeric values for baseFeePerBlock, maxOi, exponent, minP or maxP are published: unconfirmed. The UI shows the combined figure as 'Holding Rate'.
- On carry. Funding fees apply only to positions opened under v10.
- On liquidation. No separate trader-facing liquidation fee is published: unconfirmed.
- On loss. FAQ: 'No. You can only lose the collateral assigned to the trade. If your position is liquidated, you lose that collateral.'.
- On markets. Pair list is enumerated per class with pair indices but no headline instrument count is published: unconfirmed.
- On settlement. Positions are synthetic exposure against vault liquidity across four chains. The accepted collateral currencies are not enumerated on the pages read, so the currency is recorded as unconfirmed.
- On the referral. No fee discount for the referred trader is documented: unconfirmed. Separate published discount schemes exist: GNS staking fee discounts in tiers up to 50 per cent, and gTrade Credits reduced fees of up to 25 per cent by application.
- On the referral. Referrals receive 5 per cent of protocol fee revenue, paid from the Governance Fund share. Self-serve referral system live on Arbitrum: anyone registers a code, referees are bound to a referrer at their first trade and stay bound for life, VIP cashback tiers apply on top, rewards settle daily in USDC. A referrer is attached only through a ?ref= referral link, not a typed code.
Platform registry 2026-08-28a, reviewed through 2026-11-28. Every figure below is computed from each platform's own published terms.
Figures on this page were rebuilt 2026-08-28 by the MarketMoves editorial desk, from the sources named in the methodology. Nothing here is a forecast, and none of it is advice.