Score
GENETRADE
Belize|5-10 years| https://www.genetrade.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
GeniusTrading-Demo
Influence
B
Influence index NO.1
Japan 6.44MT4/5 Identification
MT4/5 Identification
Full License
United KingdomInfluence
Influence
B
Influence index NO.1
Japan 6.44Contact
Licenses
Licensed Institution：Genius Trading LTD
License No.：IFSC/60/366/TS
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic Information
Belize
Account Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
genetrade.com
Server Location
United States
Website Domain Name
genetrade.com
Server IP
104.26.13.190
Company Summary
| GENETRADEReview Summary | |
| Founded | 2016-10-02 |
| Registered Country/Region | Belize |
| Regulation | Offshore regulated |
| Market Instruments | Forex/Indices/Precious metals |
| Demo Account | ❌ |
| Leverage | Up to 1:1000 |
| Spread | As low as 1 pip |
| Trading Platform | MT4(Windows/MAC/Web/iPhone/Android) |
| Min Deposit | $5 |
| Customer Support | Tel: +501 2231235 |
| Email: support@genetrade.com | |
| Email: affiliates@genetrade.com | |
| Email: backoffice@genetrade.com | |
| Email: sales@genetrade.com | |
| Facebook/Twitter/YouTube | |
| Live chat | |
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
| Pros | Cons |
| MT4 available | Offshore regulated |
| 24/5 customer support | High max leverage |
| Various tradable instruments | |
| Spread from 1 pip | |
| Islamic account available |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
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.
| Account Type | Micro | Standard |
| Maximum Leverage | 1:1000 | 1:1000 |
| Spread | As low as 1 pip | As low as 1 pip |
| Commission | No | No |
| Islamic | ✔ | ✔ |
| Minimum Deposit | $5 | $5 |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows/MAC/Web/iPhone/Android | Junior traders |
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%.
Keywords
- 5-10 years
- Regulated in Belize
- Retail Forex License
- MT4 Full License
- High potential risk
- Offshore Regulated
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