GENETRADE Forex Broker

GENETRADEReview SummaryFounded2016-10-02Registered Country/RegionBelizeRegulationOffshore regulatedMarket InstrumentsForex/Indices/Precious metalsDemo Account❌LeverageUp to 1:1000SpreadAs low as 1 pipTrading PlatformMT4(Windows/MAC/Web/iPhone/Android)Min Deposit$5Customer SupportTel: +501 2231235Email: support@genetrade.comEmail: affiliates@genetrade.comEmail: backoffice@genetrade.comEmail: sales@genetrade.comFacebook/Twitter/YouTubeLive chatGENETRADE Information GENETRADE is a FSC licensed brokerage company specializing in online investment and trading services. The tradable instruments include forex, indices, and precious metals. The broker also provides two accounts with a maximum leverage of 1:1000. The minimum spread is as low as 1 pip and the minimum deposit is $5.Pros and ConsPros Cons MT4 availableOffshore regulated24/5 customer supportHigh max leverageVarious tradable instrumentsSpread from 1 pipIslamic account availableIs GENETRADE Legit? GENETRADE isregulated by FSC with the current status as 'offshore regulated', making it less safe than the regulated one.What Can I Trade on GENETRADE? GENETRADE offers over 100 financial instruments that have access to over 56 currency pairs, indices, and precious metals.Tradable Instruments Supported Forex✔Indices✔Precious Metals✔Commodities❌Stocks❌Cryptocurrencies❌Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type GENETRADE has two account types: micro and standard. Everyone can also earn money by copying the success of top traders. Muslims are allowed to open Islamic accounts without swaps.Account Type MicroStandardMaximum Leverage1:10001:1000SpreadAs low as 1 pipAs low as 1 pipCommissionNoNoIslamic✔✔Minimum Deposit$5$5GENETRADE Fees The spread is as low as 1 pip, and the commission is 0. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.Trading Platform GENETRADE cooperates with the authoritative MT4 trading platform available in Windows, MAC, Web, iPhone, and Android to trade. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔Windows/MAC/Web/iPhone/AndroidJunior tradersDeposit and Withdrawal The first deposit amount must be $5 or above. GENETRADE accepts Skrill, Neteller, Bitwallet, PayTrust, MasterCard, and Visa for deposit and withdrawal. Withdrawals are processed within 1 hour between Monday to Friday. However, associated fees are unknown.Bonus The deposit bonus is up to 20%.