Score
Belize
|
5-10 years
| https://www.genetrade.com/
Website
Rating Index
MT4/5
Full License
GeniusTrading-Demo
Influence
D
Influence index NO.1
France 2.86
MT4/5 Identification
Full License
United KingdomInfluence
D
Influence index NO.1
France 2.86
LicensesLicensed Entity：Genius Trading LTD
License No. IFSC/60/366/TS
Belize
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
WikiResearch
genetrade.com United States
VIP is not activated.
| 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 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 | Cons |
| MT4 available | Offshore regulated |
| 24/5 customer support | High max leverage |
| Various tradable instruments | |
| Spread from 1 pip | |
| Islamic account available |
GENETRADE isregulated by FSC with the current status as 'offshore regulated', making it less safe than the regulated one.
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 | ❌ |
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 |
The spread is as low as 1 pip, and the commission is 0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
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 |
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.
The deposit bonus is up to 20%.
GENETRADE provides the MT4 platform, which is one of the most widely used trading platforms in the industry. MT4 is available for Windows, MAC, Web, iPhone, and Android, offering traders the flexibility to trade on the go. Its user-friendly interface, coupled with a wide range of trading tools, makes it ideal for both beginner and experienced traders. In a GENETRADE review, the inclusion of MT4 is often praised, as it provides a solid and reliable platform for executing trades, implementing automated strategies, and analyzing the markets.
GENETRADE review highlights several strengths, such as its low minimum deposit requirement of $5, which is ideal for beginner traders or those with limited capital. The platform offers a spread starting at just 1 pip, which is competitive in the industry, and provides the MT4 trading platform, a favorite among traders due to its advanced tools and user-friendly interface. Additionally, the platform offers 24/5 customer support, making it easy to get assistance when needed. However, there are some notable weaknesses. GENETRADE's 'Exceeded' regulatory status means it doesn't provide the same level of investor protection as brokers with stricter regulations. The broker also offers very high leverage of 1:1000, which can significantly increase the risk for traders, especially beginners who may not fully understand the risks of leverage.
GENETRADE doesn’t appear to charge any hidden fees, making it an attractive choice for traders who want to avoid unexpected charges. The broker only charges for trades via the spread, and it doesn’t charge commissions, which is ideal for traders who prioritize transparency and low costs. However, GENETRADE review suggests caution regarding withdrawal fees, as the platform doesn’t provide specific details about these charges. Traders should confirm the exact terms related to withdrawals before using the platform to avoid any potential hidden fees. This level of transparency is essential to make informed decisions.
The spread on GENETRADE starts as low as 1 pip, which is highly competitive in the market. Tight spreads are especially important for day traders and scalpers, as even small price movements can significantly impact profitability. A GENETRADE review would highlight this feature as one of the platform's main advantages, especially for those who trade frequently. However, it's essential to note that the spread can fluctuate depending on market conditions, so while it can start at 1 pip, it may widen during periods of high volatility. Still, for the most part, GENETRADE's low spreads make it an attractive option for cost-conscious traders.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
R Y
Japan
I closed my account quickly because I was bad at trading, but their support and other responses were good, so I think they're a good broker.
Positive
FX1825073414
Japan
This is a broker that makes you question whether it's worth choosing now. The platform is just MT4, the spreads are wide, and they don't handle cryptocurrencies. The only saving grace might be the account opening bonus... Frankly, their website is too simplistic, making you wonder if they're even serious... It's the kind of broker where you'd want to know what the reverse advantages are.
Neutral
FX8823628920
Japan
You can receive a 5,000 yen account opening bonus! The conditions are relatively easy! Only for MT4T.
Positive
FX2563990896
Japan
The spread is not narrow. It was good that leverage could be selected when opening an account.
Neutral
FX1258668766
Nigeria
I was looking for a trading platform that provides information and gives me ideas and GENETRADE is it. They have a system that enables me to choose from a wide range of financial instruments and allows me to learn more about trading as I make profits. I’m excited and can’t wait to grow with them!
Positive
幸福满满
Argentina
The minimum deposit is only 5 US dollars, and you can also trade some common instruments on the forex market. The MT4 platform is also provided without commission... The fly in the ointment is that the spread is relatively high. It advertises a 50% deposit bonus, but we don't recommend making an impulse deposit after seeing something like this.
Neutral