- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GeneTrade
GeneTrade is a Belize International Financial Services Commission (IFSC) licensed Forex broker founded in 2014. Although it is a company with a short history of operation and a low profile, it is a reliable and trustable forex broker due to its quick responses to support enquiries.
GeneTrade features leverage that can be set up to 1:1,000 and a rich deposit bonus. The deposit bonus grants 50% of the deposit amount and has a high maximum amount of $ 5,000 (USD) . This allows you to trade with a significant increase in the funds.
There are two types of accounts offered by GeneTrade, Micro account and Standard account, and the same spread is applied to both accounts. The average spread is USD/JPY 1.8pips and EUR/USD 1.7pips, which is higher than many of the other popular brokers. The difference between Micro account and Standard account is the currency units per lot. 1 lot in Micro account is 1,000 units, and in Standard account it is 100,000 units. Since the minimum order size is 0.01 lot, it is possible to trade from 10 currency units with Micro account.
GeneTrade's unique service offers copy trading using SIRIX. Although it is a browser-based trading tool that is not well-known, it can be accessed by using a MetaTrader4 (MT4) account, allowing the use of convenient functions such as copy trading and one-click execution that are not available in MT4.
The disadvantages of GeneTrade are that the lineup of CFD products is small, the only trading tool that can be used is MT4, and the number of advantages and uniqueness when compared with other companies is small. It is a Forex broker with a bright future, but the current state leaves room for improvement.
Pros
- Wide range of bonus programs
- Low minimum deposit $ 5 (USD)
- High leverage up to 1:1,000
Cons
- Large spread
- MT5 is not provided
- Few CFD products
- No deposit service via bank transfer
Operating Company
- Company name:
- Genius Trading LTD
- Head office address:
- 5 Cork Street, Belize City, Belize
- Financial supervisor:
- Belize International Financial Services Commission(IFSC) license number 270/195
- Founded:
- 2014
- Capital:
- Undisclosed
Customer Service
- Website language:
[Asia] Japanese
[Europe and America] English
- Trading platform:
- MetaTrader4
- English support:
- Email, Support Chat
- Business hours:
- (Weekdays) 24 hours
- Email address:
- [email protected]
- Phone number:
- N/A
Trading Rules
- Roll over:
- 0:00 (Server time)
- Margin call:
- When the margin maintenance rate falls below 50%
- Loss cut:
- When the margin maintenance rate falls below 20%
- Matched order:
- Permitted
- EA restrictions:
- None
- Request for additional margin:
- None (If the margin becomes negative, zero cut will be performed)
- Funds management:
- Managed in a segregated bank account
- Bankruptcy compensation:
- Full deposit compensation is not guaranteed
Conditions for Each Account Type
- Trading platform:
- MetaTrader4
- Brokerage model:
- STP method
- Spread method:
- Variable spreads
- Trading account currency:
- Japanese Yen, US Dollar, Euro, Pound, Hungarian Forint (2 other currencies are available)
- Maximum leverage:
- 1:1,000
- Initial minimum deposit:
$ 5 (USD)
- Lot size:
- [Standard] 100,000 units
[Micro] 1,000 units
- Minimum order size:
- 0.01 lot
- Maximum order size:
- [Standard] 50 lots
[Micro] 100 lots
- Maximum open orders:
- [Standard] 10,000 lots
[Micro] 1 million lots
- Instruments（symbols）:
[FX/Currency Pair]: 55
[CFD/Metals]: 2
- Available trading hours:
Monday 0:05 am - Friday 11:50 pm (Server time)
- Transaction fees:
- None
- Account maintenance fee:
- None
- Holding multiple accounts:
- Permitted
- GMT time difference:
- [MT4] Daylight saving time: +3 hours, Winter time: +2 hours
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
