Genetic Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-30 16:36

Abstract：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.

　　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: