GENESIS VISION 3133337304 Risk Warning

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

GENESIS VISION is allegedly a financial services company registered in China that claims to provide its clients with various tradable financial instruments with floating spreads on the GV Trading terminal, MT4, Exante Trading Terminal, Binance and Huobi trading platforms. Here is the home page of this brokers official site:

As for regulation, it has been verified that GENESIS VISION currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.35/10. Please be aware of the risk.

Market Instruments

GENESIS VISION advertises that it offers a wide range of trading instruments in financial markets, including forex, cryptocurrencies (including all Binance and Huobi assets), CFDs, stocks, metals, indices and commodities.

Spreads & Commissions

Through the demo account, we found the spread for BTC/USDT was floating around $2-3. As for commissions, the broker provides its clients with a 2-level partner program. In particular, if you successfully invite someone to sign up, you will be eligible to receive up to 15% commission from his/her paid fee for the 1st-level referrals and up to 1.5% for the 2nd-level referrals.

Trading Platform Available

When it comes to trading platforms available,GENESIS VISION gives traders five choices: GV Trading terminal, industry-standard MetaTrader4, Exante Trading Terminal, Binance and Huobi. MT4 is known as one of the most successful, efficient, and competent forex trading software.

Deposit & Withdrawal

GENESIS VISION accepts deposits and withdrawals via a wide selection of cryptocurrencies including BTC, BNB, ETH, USDT, USDC, GVT and DAI directly into your account using your credit/debit card through its payment processor MoonPay. It holds the transaction in EUR and then converts it to the cryptocurrency you choose to deposit. The broker charges some withdrawal fees. For example, withdrawal with BTC will be charged a withdrawal fee of 0.0002, while 0.0005 in BNB and 0.0016 in ETH. More specified information can be seen in the following screenshot.

Fees

Apart from withdrawal fees, GENESIS VISION also takes some other fees like investing fees and trading fees. Platform fee of investing fees includes a 0.5% GV commission and a 0-10% success fee, while manager fee of investing fees contains a 0-20% management fee, a 0-50% success fee, a 0-10% entry fee and a 0-10% exit fee. More details can be found in the following screenshot.

Customer Support

GENESIS VISION‘s customer support can be reached through email: support@genesis.vision or live chat. Besides, you can also follow this broker on some social media platforms like Telegram, Twitter, Facebook, YouTube, LinkedIn and more. Company address: Kapalıçarşı Mercan Kapısı Taya Hatun, 34120 Fatih/İstanbul. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

Pros & Cons

Frequently Asked Questions (FAQs)