Genetrade is a forex broker that is registered with Genius Trading Ltd, based at Belize. The IFSC, or the International Financial Services Commission regulates it, and they pride themselves in providing the best execution to their clients. Their license number with the IFSC is IFSC/60/366/TS/18.
The broker company caters its services to its clients all over the world. However, the United States and Sanctioned countries are exempted from trading with GeneTrade.
What sort of trading do they offer?
GeneTrade is primarily into forex trading; however, they also offer trading of equity shares as well as precious metals.
What trading platforms are supported?
GeneTrade uses the industry’s best MT4 across all platforms; Android and iOS mobiles, web trader, Mac, and windows. The installation is quickly done by following the instructions after selecting your preferred platform.
What type of accounts is available?
The two accounts available at GeneTrade are;
- Micro Account – In this trading account, the minimum deposit starts at $5 with a leverage of 1:1000. The spread starts from 1 pip.
- Standard Account – In this trading account, the minimum deposit starts at $5 with a leverage of 1:1000. The spread starts from 1 pip.
Deposit and withdrawal options
The minimum deposit for both the accounts is $5 which can be done through all major credit and debit cards, e-wallets such as Skrill, Neteller, bitwallet and bank transfers.
The maximum withdrawal limit for both accounts is $10, and it can be processed through the same channels as the deposits.
Currencies supported are Euros, USD, FBP, ZAR, JPY, PLN and HUF.
Spreads, leverage and Commission
The spreads in both accounts start as low as 1 pip at GeneTrade.
The leverage is between 1:1 and 1:1000, which is among the best in the industry.
GeneTrade have a strict no commission policy for all withdrawals and deposits.
Bonus and other features
GeneTrade has a great bonus offer of 50% of the deposit amount up to $5000 for both the accounts.
They also offer a free VPS service for all their clients. This feature allows for fast trading from all corners of the globe.
GeneTrade has an excellent customer support system providing their services 24/5 of their trading hours. The support is available in more than twenty major languages.
An outstanding feature of their customer support is that if you have a specific query, the concerned department can be contacted directly; the information can be accessed from their website.
- Use of MT4 –It is undeniably the best trading software on the market.
- Low deposit amounts – The broker has a minimal deposit at just $5.
- High leverage – A leverage of 1:1000 is a great feature.
- Excellent support – They have one of the best customer support systems.
- There is no difference between the micro account and the standard account.
- The spreads can sometimes be below average.
GeneTrade broker employs the best software and offers good leverage. With minimal and flexible withdrawals and deposits, they have a robust, transparent and fair trading system. It is a great place to trade if you are willing to overlook the minor hiccups.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK