Genesis Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.genesis.co.id/, the company's legitimate regulatory information IndonesiaBAPPEBTIRetail Forex License, to enhance the security of the company's address Soho Capital 1608-1609 Jl. Letjen S. Parman Kav. 28, Podomoro City, Indonesia, Jakarta 11470.
Genesis Forex Broker
Basic information
Indonesia
1-2 years Regulated in Indonesia Retail Forex License Suspicious Scope of BusinessCompany profile
Genesis Gemilang Futures is an authorized Indonesian futures brokerage firm and a member of the Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI). It mainly offers forex trading. On top of that, Genesis provides Gold Futures Contracts, Soft Commodities, and Tin Physical Market.
Pros & Cons
| Pros | Cons |
| Regulated | Untransparent trading conditions |
| Multiple contact channels | Commission charged |
Is Genesis Legit?
| Regulated Country | |
| Regulated Authority | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan |
| Regulated Entity | GENESIS GEMILANG FUTURES |
| License Type | Retail Forex License |
| License Number | 02/BAPPEBTI/SI/11/2022 |
What Can I Trade on Genesis?
| Trading Asset | Available |
| forex | ✔ |
| metals | ❌ |
| commodities | ✔ |
| indices | ❌ |
| energies | ❌ |
| stocks /shares | ❌ |
| cryptocurrencies | ❌ |
| options | ❌ |
| futures | ✔ |
| funds | ❌ |
| ETFs | ❌ |
Fees
A commission of $5 is charged for forex trading.
Trading Platform
To Genesis' account, Granjaya Trading platform is a PALN-integrated platform offered exclusively for Genesiss clients. PALN (Penyaluran Amanat Luar Negeri) is a program enabling clients to trade financial instruments on foreign exchanges, particularly the Singapore Exchange, through licensed brokerage transactions. It operates via a mandate distribution system coordinated by the Jakarta Futures Exchange.
| Trading Platform | Supported | Available Devices | Suitable for |
| Genesis | ✔ | Not Mentioned | / |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginners |
Customer Service
Genesis' customer service is available 24/5, from Monday to Friday.
| Contact Options | Details |
| Phone | (+62) 21-50100572 |
| support@genesis.co.id | |
| Online Chat | ✔ |
| Contact Form | ✔ |
| Supported Language | English |
| Website Language | English |
| Physical Address | Soho Capital 1608-1609, Jl. Letjen S Parman Kav 28 Podomoro City Jakarta 11470 |
The Bottom Line
Genesis might be a regulated platform, but its website lacks the relevant details. Furthermore, the Granjaya Trading platform is fresh and may be very different from MT4 or MT5, for people who are unfamiliar with Genesis. You should do thorough research before making an investment in this site.
FAQs
Is Genesis legit?
Yes. Genesis has been regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan.
Is it safe to trade on Genesis?
Yes. It's safe to operate trading on a regulated platform. However online trading involves significant risk. You should still be careful.