Genetrade
Genetrade may be a forex broker that’s registered with Genius Trading Ltd, based at Belize. The IFSC, or the International Financial Services Commission regulates it, and that they pride themselves in providing the simplest execution to their clients. Their registration number with the IFSC is IFSC/60/366/TS/18.
The broker company caters its services to its clients everywhere the planet . However, the us and Sanctioned countries are exempted from trading with GeneTrade.
Online trading Brokers in South Africa
[sc name=”schema”] [sc name=”maintable”]What kind of trading do they offer?
GeneTrade is primarily into forex trading; however, they also offer trading of equity shares also as precious metals.
What trading platforms are supported?
GeneTrade uses the industry’s best MT4 across all platforms; Android and iOS mobiles, web trader, Mac, and windows. The installation is quickly done by following the instructions after selecting your preferred platform.
What sort of accounts is available?
The two accounts available at GeneTrade are;
Micro Account – during this trading account, the minimum deposit starts at $5 with a leverage of 1:1000. The spread starts from 1 pip.
Standard Account – during this trading account, the minimum deposit starts at $5 with a leverage of 1:1000. The spread starts from 1 pip.
Deposit and withdrawal options
The minimum deposit for both the accounts is $5 which may be done through all major credit and debit cards, e-wallets like Skrill, Neteller, bitwallet and bank transfers.
The maximum withdrawal limit for both accounts is $10, and it are often processed through an equivalent channels because the deposits.
Currencies supported are Euros, USD, FBP, ZAR, JPY, PLN and HUF.
Spreads, leverage and Commission
The spreads in both accounts start as low as 1 pip at GeneTrade.
The leverage is between 1:1 and 1:1000, which is among the simplest within the industry.
GeneTrade have a strict no commission policy for all withdrawals and deposits.
Bonus and other features
GeneTrade features a great bonus offer of fifty of the deposit amount up to $5000 for both the accounts.
They also offer a free VPS service for all their clients. This feature allows for fast trading from all corners of the world .
Customer Support
GeneTrade has a superb customer network providing their services 24/5 of their trading hours. The support is out there in additional than twenty major languages.
An outstanding feature of their customer support is that if you’ve got a selected query, the concerned department are often contacted directly; the knowledge are often accessed from their website.
Pros
Use of MT4 –It is undeniably the simplest trading software on the market.
Low deposit amounts – The broker features a minimal deposit at just $5.
High leverage – A leverage of 1:1000 may be a great feature.
Excellent support – they need one among the simplest customer support systems.
Cons
There is no difference between the micro account and therefore the standard account.
The spreads can sometimes be below average.
Conclusion
GeneTrade broker employs the simplest software and offers good leverage. With minimal and versatile withdrawals and deposits, they need a strong , transparent and fair trading system. it’s an excellent place to trade if you’re willing to overlook the minor hiccups.