GENETRADE Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.genetrade.com/members/open-real-account, the company's legitimate regulatory information BelizeFSCCommon Financial Service License, to enhance the security of the company's address 28 Regent Street, Belize City, Belize.
GENETRADE Forex Broker
Basic information
Belize
5-10 years Regulated in Belize Common Financial Service License MT4 Full License Suspicious Overrun High potential risk Offshore RegulatedCompany profile
GENETRADE 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 Cons
| Pros | Cons |
| MT4 available | Offshore regulated |
| 24/5 customer support | High max leverage |
| Various tradable instruments | |
| Spread from 1 pip | |
| Islamic account available |
Is 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 | Micro | Standard |
| Maximum Leverage | 1:1000 | 1:1000 |
| Spread | As low as 1 pip | As low as 1 pip |
| Commission | No | No |
| Islamic | ✔ | ✔ |
| Minimum Deposit | $5 | $5 |
GENETRADE 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows/MAC/Web/iPhone/Android | Junior traders |
Deposit 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%.
Rating Index
Standard
Micro
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Latest Reviews
幸福满满
Argentina
The minimum deposit is only 5 US dollars, and you can also trade some common instruments on the forex market. The MT4 platform is also provided without commission... The fly in the ointment is that the spread is relatively high. It advertises a 50% deposit bonus, but we don't recommend making an impulse deposit after seeing something like this.
Neutral
2022-11-25
FX1258668766
Nigeria
I was looking for a trading platform that provides information and gives me ideas and GENETRADE is it. They have a system that enables me to choose from a wide range of financial instruments and allows me to learn more about trading as I make profits. I’m excited and can’t wait to grow with them!
Positive
2023-02-23