GeneTrade Journal

Journal status: live
GeneTrade joined in | not yet
GeneTrade Profile
Year
2020
Country
Belize
Branches
1
Regulation
IFSC Belize
Registration
IFSC Belize
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iran, Iraq, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Korea, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
1000 ms
LPs total
0
LPs quality
none
LPs names
none

GeneTrade Accounts
MM
Minimum Deposit
5 $
Leverage
1000 : 1
Minimum Lot
0.01 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
...
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, PayTrust, Bitwallet, Neteller
Base currency
USD, EUR, GBP, JPY, HUF, PLN, ZAR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is GeneTrade safe?

  • Investor protection: no
  • Regulation: IFSC Belize
  • Registration: IFSC Belize
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is GeneTrade trusted?

  • Information transparency: high ★★★★★
  • Customer service: virtually non-existent
  • GeneTrade website: semi-detailed, updated ★★★
  • GeneTrade popularity (by visitor count): average ★★★

How GeneTrade works



No Re-Quotes Policy for all Accounts
Negative balance protection
No Rejection of Orders 100% Execution Success
Instant Market Execution

Do you allow scalping?
Yes

Is news trading allowed?
Yes


FOREX AND OTHER CFDS IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. AS A MARKET MAKER, GENETRADE IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, GENETRADE’S INTERESTS MAY BE IN CONFLICT WITH YOURS.

“scalping” (we shall refer to it as arbitrage) is not meant to be a part of an over-the-counter market that clients use for buying/selling openly; for this reason, we have decided to forbid any deliberate misuse of Arbitrage on our Online Trading Facility or related to our services; we can liquidate trading positions/contracts depending on price latency arbitrage as decided by us without informing beforehand;



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