Genesis

Genesis Gemilang Futures is an authorized Indonesian futures brokerage firm and a member of the Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI). It mainly offers forex trading. On top of that, Genesis provides Gold Futures Contracts, Soft Commodities, and Tin Physical Market.

Pros & Cons

Is Genesis Legit?

Regulated Country
Regulated Authority	Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan
Regulated Entity	GENESIS GEMILANG FUTURES
License Type	Retail Forex License
License Number	02/BAPPEBTI/SI/11/2022

What Can I Trade on Genesis?

Fees

A commission of $5 is charged for forex trading.

Trading Platform

To Genesis' account, Granjaya Trading platform is a PALN-integrated platform offered exclusively for Genesiss clients. PALN (Penyaluran Amanat Luar Negeri) is a program enabling clients to trade financial instruments on foreign exchanges, particularly the Singapore Exchange, through licensed brokerage transactions. It operates via a mandate distribution system coordinated by the Jakarta Futures Exchange.

Customer Service

Genesis' customer service is available 24/5, from Monday to Friday.

The Bottom Line

Genesis might be a regulated platform, but its website lacks the relevant details. Furthermore, the Granjaya Trading platform is fresh and may be very different from MT4 or MT5, for people who are unfamiliar with Genesis. You should do thorough research before making an investment in this site.

FAQs

Is Genesis legit?

Yes. Genesis has been regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan.

Is it safe to trade on Genesis?

Yes. It's safe to operate trading on a regulated platform. However online trading involves significant risk. You should still be careful.