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Although GENETRADE is licensed by the FSC, its 'Exceeded' regulatory status raises questions about the safety and legitimacy of the platform. Regulatory bodies like FSC provide basic oversight, but the 'Exceeded' status suggests that the broker may not be fully compliant with more stringent international standards. For traders, this means there could be less protection when compared to brokers regulated by tier-one authorities, like the FCA or ASIC. In a GENETRADE review, safety concerns are often raised due to this regulatory status. Traders who prioritize security and financial protections might find the lack of comprehensive regulation a significant downside. However, those with higher risk tolerance may still feel comfortable trading with GENETRADE, as it operates legally within Belize.