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Genetrade Review 2024
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Summary of Genetrade Trading Company
Genetrade is a broker with higher-than-average risk and the TU Overall Score of 4.02 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. Genetrade ranks 216 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
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.
💰 Account currency: | USD, EUR, GBP, JPY, HUF, PLN, ZAR |
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🚀 Minimum deposit: | 5 USD |
⚖️ Leverage: | 1:1000 |
💱 Spread: | from 1 p |
🔧 Instruments: | Forex, Metals, CFDs – Indices, Commodities. |
💹 Margin Call / Stop Out: | 50%/20% |
Evaluation of the most influential parameters of Genetrade
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Dynamics of Genetrade’s popularity among
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Trading Conditions for Genetrade Users
💻 Trading platform: | MT4, WebTrader, Mobile Apps |
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📊 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 |
Comparison of Genetrade with other Brokers
Genetrade | RoboForex | Eightcap | Exness | Gerchik&Co | IC Markets | |
Trading platform |
MT4, WebTrader, Mobile Apps | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, cTrader, MT5, TradingView |
Min deposit | $5 | $10 | $100 | $10 | $100 | $200 |
Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | Yes | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 1 point | From 0 points | From 0 points | From 1 point | From 0 points | From 0 points |
Level of margin call / stop out |
50% / 20% | 60% / 40% | 80% / 50% | No / 60% | 100% / 50% | 100% / 50% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
Genetrade | RoboForex | Eightcap | Exness | Gerchik&Co | IC Markets | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | Yes | No |
Options | No | No | No | No | No | No |
Contacts
Foundation date | 2013 |
Registration address | 5 Cork Street, Belize City, Belize |
Regulation |
IFSC Licence number: 000270/436 |
Official site | genetrade.com |
Contacts |
Email:
support@genetrade.com,
backoffice@genetrade.com,
|
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FAQs
Do reviews by traders influence the Genetrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Genetrade you need to go to the broker's profile.
How to leave a review about Genetrade on the Traders Union website?
To leave a review about Genetrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Genetrade on a non-Traders Union client?
Anyone can leave feedback about Genetrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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