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Genetic Markets -

Score

1.46 /10
Danger

Genetic Markets

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.geneticmarkets.co.za

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Score

Regulatory Index0.00

Business Index6.61

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Genetic Markets · Company summary

General Information & Regulation

Based in South Africa, Genetic Markets is an online financial services provider that claims to offers over 100 trading instruments for online trading. However, there is no regulatory information on the brokers website at the moment. Please be aware of the risk.

Markets Instruments

Genetic Markets offers multiple trading products, including CFD, forex, commodities, equities, indices, and futures or online trading.

Minimum Deposit

Genetic Markets offers a wide range of account types to cater to every traders needs: The minimum initial deposit of the Mini account is $200, while this requirement for the Standard, VIP and Islamic account soars to $1000, $25,000 and $50,000 respectively. In most cases, unregulated brokers tend to require much more account opening funds to scam traders.

Leverage

In terms of trading leverage, the maximum trading leverage is high, reaching up to 1:1000. As margin trading is full of risks, an unregulated brokers offer such generous leverage is not necessarily a good thing.

Spreads & Commissions

Genetic Markets offers variable spreads. Commissions vary depending on different trading accounts.

Trading platform Available

To our Surprise, Genetic Markets offers the MetaTrader 4 trading platform – one of the most popular trading platforms in the world, as well as some innovative solutions. Genetic Markets MT4 trading platform available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile trading app that is compatible with Android and iOS devices.

Trading Tools

In addition to the trading tools built into the MT4 platform, traders also benefit from some standalone trading tools, such as Economic Calendar, Analytical tools, and others.

Deposit& Withdrawal

Genetic Markets accept traders to fund their accounts through the following payment methods:

  • Bank wire transfer

  • Credit/Debit Cards

  • Electronic Payment Processors including Skrill and Neteller

User Reviews

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User comment

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Comments

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Zez
more than one year
A scammer! This Genetic Markets scammed me two months ago, I cannot contact my account manager until now. They gave me no response. They have disappeared. I still have $1,000 in my account! These ********!
A scammer! This Genetic Markets scammed me two months ago, I cannot contact my account manager until now. They gave me no response. They have disappeared. I still have $1,000 in my account! These ********!
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2022-12-05 14:52
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YYY61481
more than one year
It’s a scam! Please don't trade with STORM AGE CAPITAL! Once you give them the money, you can't get it back. Because they will make up all kinds of excuses to prevent you from withdrawing money, and even lie to you that you can withdraw money by paying some taxes or margins. But the reality is, if you believe them again, you will lose more money.
It’s a scam! Please don't trade with STORM AGE CAPITAL! Once you give them the money, you can't get it back. Because they will make up all kinds of excuses to prevent you from withdrawing money, and even lie to you that you can withdraw money by paying some taxes or margins. But the reality is, if you believe them again, you will lose more money.
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2022-12-05 10:33
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