It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:
GeneTrade (Genetrade.com) is a CFDs and Forex scam broker on the loose. We decided to conduct a thorough investigation to find out the truth about Gene Trade. There has been a lot of chatter regarding this forex broker. We, therefore, decided to conduct a thorough investigation regarding GeneTrade. What we found out will be shocking to most of you. We urge that you read this eye-opening and detailed GeneTrade Review.
According to their website, they are claiming to offer users a 50% deposit bonus. If you are new at Forex trading, you should know that bonuses are strictly prohibited. One of the reasons we doubted this broker is because they offered bonuses. Regulatory guidelines are strict when it comes to bonuses.
Problem with bonuses is that they come at a cost. When withdrawing, scammers have been known to withhold withdrawals due to bonuses issued. They claim that when users use their bonuses, they must pay them back when making withdrawals. Why then would they be offering bonuses to newbies? It’s because they simply want to attract more people into signing up. This has become one of their main tricks.
On their homepage, they claim to be regulated by the IFSC. We contacted the IFSC to make sure that their claim was true. We were shocked to find out that this is all but a lie. No one or no relevant regulatory body has regulated Gene Trade. We also contacted the FCA and CySEC to find out the truth. None of these regulatory bodies had registered GeneTrade. This surely makes it a scam and a Forex broker who does not follow rules.
Get professional and reputable Forex brokers to ensure you trade safely. This is a sure way of making real profits with Forex trading. Always go for recommended and tested Forex brokers the industry has to offer. You will trade comfortably and safely knowing that your money is safe.
According to their website, they claim to offer fair and transparent trading conditions for all account types. This could be true if the whole platform was legit. You can either select to use Standard or Micro Lots. These are the only account types with GeneTrade. These account types come with different features. They claim that all these accounts are linked to their MT4 trading platform.
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
With a Micro account, users have a leverage of 1:1 up to 1:1000. There are no commissions and an Islamic account is optional. Micro account comes with an account manager and the minimum deposit required is $5. You should also be aware that hedging is allowed with Micro account. Standard account holders get the same leverage levels. No commissions and hedging is allowed. It also comes with an account manager.
With GeneTrade, we were surprised with the low minimum deposit requirement users need to make. This falls short of the industry’s requirement of $250. Reason they have done this is to get as many users as they possibly can to sign up. This way, no one will be able to suspect that this is a scam. It’s a low and unacceptable minimum deposit requirement even in our standards. Way too low.
According to the website, there are several ways to deposit funds into your account. One thing we noticed peculiar is that users may incur additional charges when depositing. GeneTrade does not cover any exchange rates charged. You can deposit using MasterCard, Visa, Maestro, and UnionPay. Gene Trade claims to cover all fees deducted when making payments using credit or debit card.
We have a problem when it comes to making withdrawals. You can easily get to read negative reviews of how hard it is to withdraw with GeneTrade. You will never get to withdraw your money. Members who we contacted all had the same issue with withdrawing. Problem was that there was no response from the customer support department. Well, there isn’t any customer support department, leave alone chat support.
This broker has decided to use MT4 trading platform. Claims of using this platform on all devices can be seen on their homepage. Users can use this platform using Android, iPhone, Mac, PC, and Web Trader. Problem is, the download could not complete. We tried downloading this platform using various devices and download stopped at 59%. Why this happened we can’t tell. It seems they want people to just use their web trader.
Get the best and most used forex trading robots that have been proven to work. Yes, these forex robots have been tested and trusted by the trading community. You will never go wrong with forex robots that enhance your winning chances. Get these robots and stand a chance of making real profits with Forex trading.
When you click on their website, you will see a fake customer centric post. Claims of striving to answer queries raised by clients are immediate. Users are asked to use channels such as email, Live chat, and phone support. What you should note is that they offer more than 20 languages. Problem with this is that we have received no response from any of the channels mentioned.
We sent an email a few weeks ago and still haven’t received any feedback. It all points out to having fake promises. Even live chat support doesn’t work. Users are requested to leave a message and they will get feedback soon. This is nothing but a load of crap. You will never receive any feedback from GeneTrade.
Some of the promotions used in this brokerage firm include doubling your equity. Users are also promised to withdraw all their profits. Members are also promised of up to $5,000 bonus money and 50% on all deposits. This is simply a plot to lure unsuspecting investors into signing up.
You can notice how they claim to offer no hidden fees, yet withdrawals are charged. Fake promises include coverage of fees of $200 wire transfer. Another fake promise is that all credit cards and e-wallets are 100% covered. What’s more, members are promised free VPS services. This apparently helps them increase the speed of trades. Why not create a platform that has a high execution speed?
These promotions are just meant to lure you into making a deposit with them. Promotions are okay if the platform used is legitimate. Sadly, this is not the case with GeneTrade.
Scrolling down their homepage, you will see that they have a negative balance protection claim. This is a lie since most of the people who have lost money with GeneTrade would have been covered. This is simply a way to also lure more users. You should be on the lookout for such fake claims.
We have no doubt that we are dealing with a professional scam outfit. From the issuance of bonuses to not being regulated, Gene Trade is a scam. The only way to avoid this kind of scam is to completely ignore all messages urging you to join. All facts prove that we are dealing with a fake brokerage firm.
As ardent binary trading enthusiasts, we have no other option but to blacklist GeneTrade as a scam. Avoid it at all costs.
Always get professional and reputable forex brokers when dealing with Forex. This ensures that you trade comfortably and safely. Your money is also in safe hands and you get a chance of making real profits. Always trade securely with Forex.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.