It Has Been Verified That Genix Markets Operates Https://genixmarkets.com/through The Website.
The Company's Website Is Not Currently Operational And Information About The Company Is Not Immediately Available. Traders Are Advised To Be Aware Of The Risks In Case Their Funds Are Damaged.
As For Regulation, It Has Been Verified That Genix Markets Does Not Currently Have Any Valid Licenses.
The Way You Can Approach Genix Markets Is By Email: Support@genixmarkets.com, Or Phone: + 44 2038856616.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Company Address.
NOTE: Genix Markets As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
The Following Is The General Information Found Through The Internet:
Basic Information
Genix Markets Is An Offshore Broker That Engages In Foreign Exchange, Stocks, Commodities, Indices And Cryptocurrency Trading Advertisements.
Genix Markets Was Founded In 2014 With The Specific Goal Of Providing Every Investor With The Greatest Opportunity For Success In The Online Financial Trading Space. They Believe That Any Investor Can Consistently Benefit From The Market If Provided With The Right Tools And Resources.
Account Types
They Have Three Types Of Accounts With A Minimum Deposit Of $250 And Different Trading Conditions.
Trading Software
This Broker Offers The MetaTrader 4 (MT4) Trading Platform, Referred To As "a Web-based Platform Inspired By MT4" In The FAQ Section. However, No Download Links Are Provided For The Desktop Or Mobile Versions.
Leverage
Since There Are No Restrictions On Leverage For Offshore Brokers, Genix Markets Has Increased Leverage To 1:500, Which Is Well Above The Level Allowed By Most Authorities. Leveraged Trading Offers Great Profit Potential, But It Also Comes With Great Risks, Especially For Novice Traders Who Will Double Their Losses.
Payment Methods
The Broker Said They Accept Deposits Via Bank Telegraphic Transfer, Major Credit/debit And MasterCard, Popular E-wallets.
Minimum Deposit And Minimum Withdrawal
The Minimum Deposit Required Is $250, Which Is More Than Double The Amount Required By Registered Brokers. Some Brokers Offer Micro Accounts Where You Can Start As Low As $10.
Generally, This Minimum Is Around S100. The Minimum Withdrawal Amount Is $50. The Processing Time For Withdrawals Is Quite Long, 7 Business Days.
Hibernation Fee
That Is, A $30 Annual Maintenance Fee Will Be Charged On Dormant Accounts That Have Not Traded Within 12 Months.
