We explain the reputation and reviews of GeneTrade FX company broker account traders, as well as support, bonuses, leverage, safety and reliability evaluation. GeneTrade is an FX company that features high leverage and has users all over the world. In particular, there are many Japanese and French registered users, so it can be said that it is a very well-known FX company in Europe and Japan.
GeneTrade company information and safety
GeneTrade is an FX service company established in 2018 by the operating company Genius Trading LTD. The company’s headquarters are based in Belize, and it holds a financial license from the Belize International Financial Services Commission (IFSC), so it operates under regulations. Belize is famous as a tax haven. As it is a very famous tax haven, many FX companies operate from this country. Although it is not very popular in popularity rankings, it has a wide range of functions and is safely operated, so it is recommended.
| Operation Comapany | Genius Trading LTD |
| Found | 2018 |
| Address | 5 Cork Street, Belize City, Belize |
| License | IFSC |
Separate management/no trust protection
GeneTrade’s official website seems to have thorough separate management of customer funds. This means that customer funds are managed separately from company funds. Even if GeneTrade goes bankrupt, the funds deposited by customers will be fully protected. There is no trust protection.
Holds a financial license
GeneTrade holds a financial license from the Belize Financial Services Authority, so it is reliable and safe. Belize is known as a tax haven country with low corporate taxes and is famous for a variety of companies registering as corporations. It is more reliable than unlicensed overseas Forex companies.
users are all over the world
This is a quote from a review site for an overseas Forex company called TradersUnion. Genetrade has the most users from Japan and France, and other countries such as South Africa, Germany, Turkey, Colombia, Spain, and the Netherlands also register and trade, so it can be said to be a recommended FX company.
Source : TradersUnion
Features, advantages, and disadvantages of GeneTrade
Now, let’s introduce the features, advantages, and disadvantages of GeneTrade. There are no transaction fees for either account type, which is very helpful for investment. The support environment is also perfect, and support is available 24 hours a day, 365 days a year, so if you have any concerns or problems, please contact us to check. We will also introduce the points you should be careful about. By taking advantage of the low spread, you will be able to trade without restrictions. Once you get used to it, you will be able to trade with good conditions in FX.
There are 2 types of account
There are two types of accounts: micro accounts and standard accounts. Both account types only support foreign exchange currency pairs and precious metals, and looking at the specifications themselves, micro accounts are for small transactions, and standard accounts are for professional accounts. Please note that trading in energy, stock indexes, virtual currencies, etc. is not possible. In order to activate the account, there is a document review after application that must be completed in order to start. Spreads tend to be a little wide.
| Micro | Standard | |
| Trade Style | DD | DD |
| Max Leverage | 1,000 | 1,000 |
| Trade Instruments | Foreign exchange precious metal | Foreign exchange precious metal |
| Commission | Free | Free |
| Spread | 1.6~1.8pips | 1.6~1.8pips |
| Lots | 1,000 currency | 100,000 currency |
| Min Lots | 0.01Lots | 0.01Lots |
| Max Lots | 5,000Lots | 50Lots |
| Max Position | 200 | 200 |
| Stop Level | 4.0pips | 4.0pips |
| Scalping | 〇 | 〇 |
| Auto Trading | 〇 | 〇 |
| Hedge | 〇 | 〇 |
| Margin Call | 50％ | 50％ |
| Loss Cut | 20％ | 20％ |
| Zero Cut | 〇 | 〇 |
| Trade Tool | MT4 | MT4 |
| Base Currency | JPY USD EUR GBP ZAR | JPY USD EUR GBP ZAR |
| Min Deposit | 5$ | 5$ |
| Bonus, Campaign | 〇 | 〇 |
1000x leverage
Currently, Genetrade generally specifies a leverage of 1000x. It can be seen that a high level of leverage has been achieved compared to other companies. Therefore, it is possible to trade with small amounts, and it can be said to be an FX company where you can aim for large profits. Genetrade uses the DD method for orders and buying and selling. The lot size is 5000 for micro accounts and up to 50 for standard accounts, so it is a rich variety of positions. It is possible to start with a small amount in real life. It depends on the reason and method, but it can be continued very stably.
The only products we handle are foreign exchange and precious metals.
Genetrade officially only handles foreign exchange and CFDs for precious metals. There are 57 detailed FX currency pairs, but only gold and silver are precious metals. If you want to use the Nikkei 225 or Dow Jones Industrial Average, you should use another FX company. The maximum number of positions is 200, allowing for bold trading. Swap points will be generated if you trade across days. Trading can be done on weekdays. However, the target currencies include dollars, euros, and Japanese yen. Some traders start with the full amount and hold it to compete due to the high leverage.
Loss cut and zero cut
At Genetrade, a warning is issued by margin call setting if the margin falls below 50%. The stop loss level is set at 20%. Furthermore, if the margin becomes negative, Genetrade will guarantee the balance up to 0. This means that even if the trader suffers a huge loss of 100%, there is no risk of chasing the debt without margin call. Please check the important criteria for stocks and FX in advance by browsing the form to some extent. If there is no violation, it will be applied almost instantly. Trade the stocks that are handled carefully. Since it is a major company, you can choose from three types of accounts to be safe in the fluctuating market.
There are bonuses and campaigns
Genetrade is famous for having constant bonuses, luxurious campaigns, and exclusive promotional opportunities. There are account opening bonuses and deposit bonuses, so most users can receive bonuses. In addition, they sometimes hold limited-time campaigns. The minimum required amount is $5, so you can trade very easily. There are great benefits for new users. Bonuses are converted into credits, so they are a good deal. Be sure to check the overview and get them during business hours. If you have even one, you can use it as an asset. Now you can get plenty of new bonuses from home.
Trading style has few restrictions
Scalping trading is prohibited as a trading style, but it also supports automatic trading tools (EA) and even double trading, so traders with knowledge and experience have a considerable degree of freedom. However, trades that place a load on the server, trades aimed at delay rates, arbitrage transactions, etc. are prohibited, and there is a risk of immediate account freezing. Contract rejection (requote) will not occur. The platform is compatible with MT4. If the account is dormant, an account maintenance fee will be charged. Please abide by the terms of use.
Many deposit and withdrawal methods
There are many ways to deposit and withdraw funds after logging in, and credit cards (VISA, JCB) and online wallets (NETTELLER, STCPAY, bitwallet) are supported, but bank transfers are not supported. If you use a credit card or online wallet, the funds will be reflected immediately, which is an attractive feature. Debit cards are supported if they are from the above brands. A separate free VPS is also provided. On average, deposit data is reflected in the system quickly, and staff replies to questions quickly. Even if there are problems, the speed is generally fast, so even first-time users can feel at ease.
What are the reviews and reputation of GeneTrade?
Here are some excerpts from Traders Union about reviews and reputation of GeneTrade. There are about half good reviews and half bad reviews, so I hope you will use them as a reference. When I checked, I found that the amount of basic information provided was relatively small compared to other companies such as fxpro, threetrader, tradeview, fxgt, titanfx, exness, iforex, bigboss, and XM. Looking at the market situation from now on, the key to being able to win easily will be capital management.
I cannot withdraw money from Genetrade. They ask to go through verification, although I was previously told that the verification was successfully completed. Moreover, they closed some of my positions. I see that not only me faced such problems. Everything is clear, the company is unscrupulous!
Source : TradersUnion
Well, Genetrade has conditions! In my opinion, the guys bent tight. Bullshit! that’s how they withdraw money !!! I heard from a friend that they do not like to do this at all. He’s worn out with them, dear mom!
Source : TradersUnion
As a beginner trader, Genetrade suits me. It is still too early for me to think about serious money in Forex, and for gaining experience, the broker is suitable in all respects. You can start with $5, but on a cent account with leverage up to 1:1000, you don’t need more. I tried scalping, but after the first trades I realized that it was not for me. It is impossible to take more than 10 pips, and spreads sometimes widen to 5 pips. Taking into account the fact that there are also negative transactions, such trading can only lead to the drain of the deposit. I will change my strategy. I can’t say anything specific about the withdrawal of funds, because during the training period it doesn’t matter to me: if they don’t pay my 5-10 bucks, it’s okay.
Source : TradersUnion
They do not transfer money for the last transaction. The funds have been withdrawn from the trading account. It’s been 3 weeks already. To letters of inquiry, replies continue that they allegedly do not violate anything and do everything on time in accordance with the regulations, but alas.
Source : TradersUnion
How to open a GeneTrade account
You can open a GeneTrade account by clicking the button below. Please choose your own password. Frequently asked questions are available on the official customer center website. Users must submit ID and address verification documents, as well as individual personal information (date of birth, email, phone number, etc.) to verify their identity. Trading is also possible via apps. You can also add an account from My Page. Be sure to check the latest information and guidelines from staff.
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