Score

3.36 /10
Danger

GENETRADE

Regulated in Belize

Retail Forex License

MT4 Full License

High potential risk

Offshore Regulated

B

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Score

Regulatory Index4.29

Business Index7.25

Risk Management Index0.00

Software Index9.09

License Index1.76

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Genius Trading LTD

Company Abbreviation

GENETRADE

Platform registered country and region

Belize

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The Belize FSC regulation with license number: IFSC/60/366/TS is an offshore regulation. Please be aware of the risk!

WikiFX Verification

GENETRADE · Company summary
GENETRADEReview Summary
Founded2016-10-02
Registered Country/RegionBelize
RegulationOffshore regulated
Market InstrumentsForex/Indices/Precious metals
Demo Account
LeverageUp to 1:1000
SpreadAs low as 1 pip
Trading PlatformMT4(Windows/MAC/Web/iPhone/Android)
Min Deposit$5
Customer SupportTel: +501 2231235
Email: support@genetrade.com
Email: affiliates@genetrade.com
Email: backoffice@genetrade.com
Email: sales@genetrade.com
Facebook/Twitter/YouTube
Live chat

GENETRADE Information

GENETRADE is a FSC licensed brokerage company specializing in online investment and trading services. The tradable instruments include forex, indices, and precious metals. The broker also provides two accounts with a maximum leverage of 1:1000. The minimum spread is as low as 1 pip and the minimum deposit is $5.

GENETRADE Information

Pros and Cons

Pros Cons
MT4 availableOffshore regulated
24/5 customer supportHigh max leverage
Various tradable instruments
Spread from 1 pip
Islamic account available

Is GENETRADE Legit?

GENETRADE isregulated by FSC with the current status as 'offshore regulated', making it less safe than the regulated one.

Is GENETRADE Legit?
Is GENETRADE Legit?

What Can I Trade on GENETRADE?

GENETRADE offers over 100 financial instruments that have access to over 56 currency pairs, indices, and precious metals.

Tradable Instruments Supported
Forex
Indices
Precious Metals
Commodities
Stocks
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on GENETRADE?

Account Type

GENETRADE has two account types: micro and standard. Everyone can also earn money by copying the success of top traders. Muslims are allowed to open Islamic accounts without swaps.

Account Type MicroStandard
Maximum Leverage1:10001:1000
SpreadAs low as 1 pipAs low as 1 pip
CommissionNoNo
Islamic
Minimum Deposit$5$5

GENETRADE Fees

The spread is as low as 1 pip, and the commission is 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

GENETRADE cooperates with the authoritative MT4 trading platform available in Windows, MAC, Web, iPhone, and Android to trade. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4Windows/MAC/Web/iPhone/AndroidJunior traders
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $5 or above. GENETRADE accepts Skrill, Neteller, Bitwallet, PayTrust, MasterCard, and Visa for deposit and withdrawal. Withdrawals are processed within 1 hour between Monday to Friday. However, associated fees are unknown.

Deposit and Withdrawal
Deposit and Withdrawal

Bonus

The deposit bonus is up to 20%.

Bonus

User Reviews

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User comment

4

Comments

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FX1258668766
more than one year
I was looking for a trading platform that provides information and gives me ideas and GENETRADE is it. They have a system that enables me to choose from a wide range of financial instruments and allows me to learn more about trading as I make profits. I’m excited and can’t wait to grow with them!
I was looking for a trading platform that provides information and gives me ideas and GENETRADE is it. They have a system that enables me to choose from a wide range of financial instruments and allows me to learn more about trading as I make profits. I’m excited and can’t wait to grow with them!
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2023-02-23 11:33
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幸福满满
more than one year
El depósito mínimo es de solo 5 dólares estadounidenses, y también puede negociar algunos instrumentos comunes en el mercado de divisas. La plataforma MT4 también se proporciona sin comisión... La mosca en el ungüento es que el spread es relativamente alto. Anuncia un bono de depósito del 50%, pero no recomendamos hacer un depósito impulsivo después de ver algo como esto.
El depósito mínimo es de solo 5 dólares estadounidenses, y también puede negociar algunos instrumentos comunes en el mercado de divisas. La plataforma MT4 también se proporciona sin comisión... La mosca en el ungüento es que el spread es relativamente alto. Anuncia un bono de depósito del 50%, pero no recomendamos hacer un depósito impulsivo después de ver algo como esto.
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2022-11-25 17:34
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