Genetrade is a Forex company founded in 2018. It’s an attractive company with an account opening bonus of $ 50. It is possible to trade with a maximum leverage of 1000 times and thrilling trading is also possible. It is popular with traders due to its frequent campaign bonuses. They handle a large number of currency pairs and handle 57 types. Headquartered in Belize, it has a financial license. It can be said that it is an FX company with very good service content, so it is a company that we can recommend.
Company information
Genetrade is an overseas Forex brand operated by Genius Trading LTD. The FX trading service will be available in 2018.
| Operating company name | Genius Trading LTD |
| Headquarters location | 5 Cork Street, Belize City, Belize |
| license | IFSC：Belize International Financial Services Commission |
| Business start date | 2018 |
| Capital | Unpublished |
| number of employees | Unpublished |
license
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Genetrade licensed?
| Company Name | Acquisition license |
| Genius Trading LTD | Belize International Financial Services Commission IFSC |
Email support
Genetrade supports the following:
| Inquiry method | Contents |
| You will receive a reply within 24 hours on weekdays. You will receive a reply in about a day. | |
| Live chat | Use chat if you want an immediate response. Available 24 hours a day. |
Supported language
Genetrade is available in 5 languages. Below is a list of supported languages.
- English
- Japanese
- Thai
- Vietnamese
- Malay
Loss compensation
Genetrade has a guarantee system.
| Guarantee system | Contents |
| Zero cut | They will not charge any loss in excess of the margin to protect the trader’s funds. There is no risk of having a debt. |
Withdrawal method
Genetrade supports the following withdrawals.
| Withdrawal method | Withdrawal fee | Reflection time |
| bitwallet | Free | 3-7 business days |
| NETELLER | Free | 3-7 business days |
| STICPAY | Free | 3-7 business days |
| credit card | Free | 1-20 business days |
Payment method
Genetrade supports the following deposits.
| Payment method | Deposit fee | Reflection time |
| bitwallet | Free | within 24 hours |
| NETELLER | Free | within 24 hours |
| STICPAY | Free | within 24 hours |
| credit card | Free | within 24 hours |
Account type
Genetrade supports the following account types.
| item | micro | Standard |
| Transaction form | DD | DD |
| Brands handled | Foreign exchange Precious metals | Foreign exchange Precious metals |
| Maximum leverage | 1000 | 1000 |
| Transaction fees | Free | Free |
| Spread | 1.6~1.8pips | 1.6~1.8pips |
| Minimum trading volume | 0.01 | 0.01 |
| Maximum trading volume | 5000 | 50 |
| Stop level | 4.0pips | 4.0pips |
| Scalping | possible | possible |
| Automatic trading | possible | possible |
| Double-decker | Possbile | possible |
| Stop-loss | 20％ | 20％ |
| Trading tools | MT4 | MT4 |
Currency pair
Genetrade supports a large number of currency pairs. Only major currency pairs are listed.
| 通貨ペア | Average spread |
| USD/JPY | 1.6~1.8pips |
| EUR/JPY | 2.0~2.3pips |
| CAD/JPY | 3.2~3.3pips |
| AUD/JPY | 2.7~2.6pips |
| CHF/JPY | 3.4~3.6pips |
| GBP/JPY | 3.5~3.8pips |
| NZD/JPY | 4.4~4.9pips |
| EUR/USD | 1.5~1.8pips |
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Genetrade, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below. Double-decker, scalping, and automated trading are permitted.
| Case study | Contents |
| Bonus withdrawal | Bonuses cannot be withdrawn. |
| Withdrawal while holding a position | You cannot withdraw while you have a position. |
| Trades that overload the system | Making many transactions in a short time using the system violates the trading rules. The account may be frozen. |
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