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.
[Europe and America] English
$ 5 (USD)
[FX/Currency Pair]: 55
Monday 0:05 am - Friday 11:50 pm (Server time)
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