GeneTrade

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.

Pros and Cons

Is GENETRADE Legit?

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

What Can I Trade on GENETRADE?

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

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.

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.

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.

Bonus

The deposit bonus is up to 20%.