REGENESIS MARKETS Forex Broker

Regenesis Markets Forex Broker - Complete Information Guide

1. Broker Overview

　　Regenesis Markets is an online trading broker founded in 2018 and headquartered in Johannesburg, South Africa. This brokerage operates under the umbrella of Heart Capital Limited, which presents itself as the trading name for Regenesis Markets. The company is privately held and aims to serve a diverse market, including retail and institutional clients.

　　The broker has positioned itself to provide a wide range of trading services across various financial instruments, including forex, commodities, indices, and cryptocurrencies. Since its inception, Regenesis Markets has focused on leveraging advanced trading technologies to enhance the trading experience for its clients. The company claims to offer over 200 financial assets for trading, utilizing the popular MetaTrader 4 platform along with its proprietary ProTrader platform.

　　Regenesis Markets is built on principles of transparency, ethics, compliance, teamwork, and service, aiming to provide clients with all necessary trading tools and support. However, the company has faced scrutiny and controversy regarding its regulatory compliance and operational practices, which has raised concerns among potential clients.

2. Regulation and Compliance Information

　　Regenesis Markets is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with a registration number of 49977. This regulatory body oversees financial service providers, ensuring they adhere to necessary compliance standards. However, there are significant concerns regarding the legitimacy of their regulatory status.

　　The broker has been linked to Heart Capital Limited, which has been accused of operating under dubious licenses, including allegedly fake Belize license numbers. The FSCA has initiated investigations into Regenesis Markets following numerous complaints from clients regarding withdrawal issues, prompting the regulatory body to direct the broker to cease accepting new clients and to reconcile client funds.

　　In terms of compliance, Regenesis Markets claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, although the effectiveness of these measures has been questioned due to the ongoing investigations and client complaints. The absence of a robust investor compensation scheme and the lack of client fund segregation further complicate the trustworthiness of this broker.

3. Trading Products and Services

　　Regenesis Markets offers a diverse array of trading products, providing access to more than 80 forex currency pairs, including major, minor, and exotic pairs. The broker also provides Contracts for Difference (CFDs) on various asset classes, including:

• Indices: Major global indices such as the S&P 500, NASDAQ, and DAX.
• Commodities: Popular commodities like gold, silver, and oil.
• Cryptocurrencies: Major cryptocurrencies including Bitcoin and Ethereum.
• Futures: Various futures contracts across different markets.

　　The broker aims to keep its product offerings updated, although specific details about the frequency of updates or newly added instruments were not disclosed. For retail clients, Regenesis Markets provides trading services that include flexible leverage options, competitive spreads, and various account types. However, institutional services and white-label solutions are not explicitly mentioned, indicating a primary focus on retail trading.

4. Trading Platforms and Technology

　　Regenesis Markets supports MetaTrader 4 (MT4), a widely recognized platform in the trading community, known for its user-friendly interface and robust trading capabilities. However, it does not offer MetaTrader 5 (MT5), which limits access to some advanced features available on the newer platform.

　　In addition to MT4, the broker also provides access to its proprietary ProTrader platform, which is designed to cater to both desktop and mobile users. The platforms are equipped with various trading tools, including advanced charting features and technical indicators.

　　The execution model employed by Regenesis Markets is primarily Straight Through Processing (STP), allowing for direct market access and potentially faster execution times. The broker claims to utilize advanced technology infrastructure to support its trading operations, although specific details about server locations and technical specifications were not provided.

　　API access and automated trading capabilities are also available, enabling traders to implement algorithmic trading strategies. However, further information on the specifics of these services is limited.

5. Account Types and Trading Conditions

　　Regenesis Markets offers several account types tailored to meet the diverse needs of traders. The primary accounts include:

• MT4 Demo Trading Account: Allows traders to practice without financial risk.
• MT4 Live Trading Account: For real trading with a minimum deposit requirement of $50.
• ProTrader Demo and Live Accounts: Similar offerings as the MT4 accounts but on the ProTrader platform.
• MAM Account: Designed for money managers to manage multiple accounts from a single interface.

　　The broker's trading conditions are competitive, with spreads starting as low as 0.1 pips on major currency pairs like EUR/USD. Leverage options vary, offering up to 1:500, which can amplify both potential profits and risks. The minimum trade size and overnight fees were not explicitly detailed, indicating a need for prospective clients to inquire directly with the broker.

6. Fund Management

　　Regenesis Markets supports various deposit methods, including:

• Bank Transfers
• Credit/Debit Cards: Visa and MasterCard.
• E-wallets: Skrill and Neteller.

　　The minimum deposit requirement for opening a live account is $50, which is lower than the industry average. Deposit processing times can vary, and while the broker does not specify deposit fees, it is essential for clients to verify these details directly.

　　Withdrawal methods include similar options as deposits, although specific limitations on withdrawal amounts were not provided. The broker generally processes withdrawal requests quickly, but clients have reported delays, with some requests taking up to five business days to complete, which is longer than the industry standard of 48 hours.

7. Customer Support and Educational Resources

　　Regenesis Markets provides multiple support channels for its clients, including:

• Telephone
• Email
• Online Chat
• Social Media

　　Customer support is available 24/5, accommodating the trading hours of most markets. The broker supports English as its primary language, which may limit accessibility for non-English speaking clients.

　　In terms of educational resources, the broker offers a limited selection of materials, including basic articles and market analysis. However, there is a lack of comprehensive educational tools such as webinars, tutorials, or e-books, which are often crucial for new traders looking to enhance their knowledge and skills.

8. Regional Coverage and Restrictions

　　Regenesis Markets primarily serves clients in South Africa and has expanded its reach to various regions across Africa, including Nigeria, Tanzania, Mauritius, Botswana, Zimbabwe, and Kenya.

　　However, the broker does not accept clients from certain jurisdictions, particularly those with stringent financial regulations. Specific countries that are restricted from opening accounts with Regenesis Markets were not disclosed, indicating a need for potential clients to verify their eligibility directly with the broker.

　　In conclusion, while Regenesis Markets offers a range of trading products and services, potential clients should exercise caution due to ongoing regulatory investigations and the broker's controversial reputation. It is advisable for traders to thoroughly research and consider their options before engaging with this broker.