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Genetrade Review 2024

4/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • IFSC
Foundation date:
  • 2013
Oleg Tkachenko
Written by Oleg Tkachenko
Contributor
Dr. BJ Johnson
Reviewed by Dr. BJ Johnson
Editor
Mirjan Hipolito
Fact-checked by Mirjan Hipolito
Cryptocurrency and stock expert
Updated:
4/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • IFSC
Foundation date:
  • 2013
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Our Evaluation of Genetrade

4/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Genetrade is a broker with higher-than-average risk and the TU Overall Score of 4 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Genetrade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at Genetrade

GeneTrade operated by Genius Trading LTD is authorized and regulated by the International Financial Services Commission (IFSC), License 000270/436. GeneTrade was founded with the aim to offer top trading conditions to each and every customer. The goal was reached thanks to careful selection of every GeneTrade team member and constant implementation of innovative technologies in the field.

Genetrade Summary

💻 Trading platform: MT4, WebTrader, Mobile Apps
📊 Accounts: Micro, Standard
💰 Account currency: USD, EUR, GBP, JPY, HUF, PLN, ZAR
💵 Replenishment / Withdrawal: Bank Transfer, Credit Cards, e-Wallets - Skrill, Neteller, BitWallet, PayTrust
🚀 Minimum deposit: 5 USD
⚖️ Leverage: 1:1000
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: from 1 p
🔧 Instruments: Forex, Metals, CFDs – Indices, Commodities.
💹 Margin Call / Stop Out: 50%/20%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Apps
➕ Affiliate program: No
📋 Orders execution: Market Execution
⭐ Trading features: Free VPS Service
🎁 Contests and bonuses: 50% Deposit Bonus

User Satisfaction

Score:
2.6/10

Share your experience

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uthpala
15 weeks ago

I am 100% sure that Genetrade does not improve the quality of its services, it only assures its clients about it. It seems to me that the speed of order processing could have been improved long ago. The same with the terms and conditions, it's time to change. I think these are all bad signs, the stability of the company is in question.

0
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rainaoconnell143
1 year ago

Do not allow to close orders, takes fly off.

0
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jeannaluce9017033425
2 years ago

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.

0
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Dorothypref
2 years ago

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.

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sameh01084
3 years ago

I am taking $ 800 from Genetrade for the fourth month. Give away with a scandal and small shares. There is a feeling that I cannot take all the money until the last cent, even if they will throw it for a hundred square meters.

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marcius
3 years ago

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!

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myvie
3 years ago

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!

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Comparison of Genetrade with other Brokers

Genetrade RoboForex Pocket Option Exness FxPro InstaForex
Trading
platform		 MT4, WebTrader, Mobile Apps MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MultiTerminal, MobileTrading, MT5, WebTrader
Min deposit $5 $10 $5 $10 $100 $1
Leverage From 1:1
to 1:1000 		From 1:1
to 1:2000 		From 1:1
to 1:1000 		From 1:1
to 1:2000 		From 1:1
to 1:500 		From 1:1
to 1:1000
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 1 point From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out		 50%  /  20% 60%  /  40% 30%  /  50% No  /  60% 25%  /  20% 30%  /  10%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No Yes
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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).