Genetrade Account Type

Genetrade offers two primary account types: Micro Account and Standard Account. Both account types allow trading in multiple base currencies, including USD, GBP, EUR, HUF, JPY, PLN, and ZAR. The leverage available on both accounts ranges from 1:1 to a maximum of 1:1000. A minimum deposit of just $5 is required to open either account type. There are no commissions for trades, with spreads starting at 1 pip. The Micro Account is ideal for beginners due to its smaller lot size of 1,000 units per lot, while the Standard Account, with a lot size of 100,000 units, is better suited for more experienced traders. Both account types can be converted to Islamic accounts and come with dedicated account managers.

Genetrade Broker Account Opening Process

To open a broker account with Genetrade, follow these steps:

• Visit the Genetrade Website: Go to the official Genetrade website.
• Select Account Type: Choose between the Micro or Standard Account based on your trading experience and needs.
• Complete Registration Form: Fill out the registration form with your personal information, including your name, email address, and phone number.
• Verify Your Identity: You may be required to submit identification documents for verification purposes.
• Make Initial Deposit: Fund your account with a minimum deposit of $5 using one of the available payment methods, such as credit/debit cards or e-wallets.
• Access Trading Platform: Once your account is funded and verified, you can access the trading platforms, including MetaTrader 4, to start trading.

This process is designed to be straightforward, allowing traders to quickly set up their accounts and begin their trading journey.