20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Genetrade Review 2021
Analysis of the Main Features of the Forex Broker
138
3.36/10
Overall rating
Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of Genetrade Trading Company
GeneTrade operated by Genius Trading LTD is authorized and regulated by the International Financial Services Commission (IFSC), License IFSC/60/366/TS/18. 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.
Attention!
We work exclusively with the accounts opened through Traders Union.
Genetrade Latest Comments 2021
0
3
0
Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Genetrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
sameh01084
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.
marcius
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!
myvie
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!
Analysis of the Main Features of the Forex Broker
Dynamics of the Popularity of Genetrade
in 2020 among the Users of the Traders Union
Trading Conditions for Genetrade Users
| 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 |
Comparison of Genetrade with other Brokers
| Genetrade | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Trading platform |
MT4, WebTrader, Mobile Apps | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
| Min deposit | $5 | $100 | $5 | $200 | $100 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 1 point | From 1 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 20% | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | $100 | $30 | No | No |
| Cent accounts | No | No | Yes | No | Yes |
Broker comparison table of trading instruments
| Genetrade | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | No | No | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | No | No | No | Yes | No |
| Options | No | No | No | No | No |
Contacts
| Registration address | 5 Cork Street, Belize City, Belize |
| Regulation |
IFSC Licence number: IFSC/60/366/TS. |
| Contacts |
Email:
[email protected],
[email protected],
|
Tags:
GenetradeThe Oldest Reviews of the Genetrade
The reviews by customers of the Genetrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Genetrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
myvie
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!
marcius
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!
sameh01084
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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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.
Why is it more profitable to work with Genetrade through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
Traders Union Recommends: Choose the Best!