GeneTrade Broker Review 2025

GeneTrade offers commission-free trading across Forex and Metal asset classes. The broker charges a 1.0 pip markup on spreads and covers all transaction fees (except for Bank Wires below $200).

It provides free VPS and Social Trading services.

GeneTrade; Broker's Background and Regulation

GeneTrade is a brand name of Genius Trading LTD, registered in Belize. The company was founded in 2013.

While the broker claims it’s regulated by the International Financial Services Commission in Belize, there’s no record on the FSC website.

The lack of licensing and false information about the regulatory status on the broker’s website can be alarming for potential clients.

However, it’s our understanding that the company’s license is expired, and its website wasn’t updated when we wrote this GeneTrade review.

The table below is a summary demonstration of the company information:

GeneTrade Table of Details

GeneTrade has executed 99.90% of orders in less than 1 minute with no rejection. Let’s see what other features the Forex broker brings to the table.

GeneTrade Broker Account Offerings

The company offers instant market execution through its two account types: Micro and Standard.

Clients can open up to 5 demo accounts simultaneously to test strategies before committing to real capital.

GeneTrade Advantages and Disadvantages

The company prioritizes client protection by keeping funds in segregated accounts in tier-1 banks.

Let’s weigh GeneTrade’s pros against its cons.

GeneTrade Registration and Verification Guide

The company requires its clients to be above the legal age according to the laws of their country of residence and complete theKYC procedure. The next sections provide a tutorial on GeneTrade registration.

#1 Visit the Official GeneTrade Website

Head over to the official platform and click “Register” at the top-right to begin the sign-up flow.

#2 Submit Required Information

Provide required details, including:

• Full name
• Date of birth
• Contact details
• Residential address
• Account type
• Currency preference
• Your desired leverage (up to1:1000)

Next, create a secure password for your profile.

#3 Confirm Your Email

Check your inbox for a verification link from GeneTrade. Clicking it will activate your account.

#4 Log into Your Dashboard

Use your credentials from the welcome email to log in and explore your trading panel.

#5 Account Validation

Finally, click on "Validate My Account" in the client area, then upload proof of identity (passport or driving license) and proof of address (utility bill or bank statement).

GeneTrade Broker Trading Platforms

The company offers its clients access to the industry-standard MetaTrader 4 (MT4) platform, known for its robust features and user-friendly interface. The platform is accessible across various operating systems, including:

• Desktop
• Web
• GeneTrade MT4 Android
• GeneTrade MT4 iOS

Trading and Non-Trading Costs

GeneTrade charges no commissions on all trades. However, it incurs a 1 pip markup on spreads.

• Dormant Fee: A monthly $10 fee after 100 days of inactivity
• Skrill Transactions: A 2% commission

Swap Fees

Rollover is a critical component of forex trading that impacts profitability by applying interest on open positions held overnight.

It reflects the interest rate differential between the currencies in a pair, potentially generating either a credit or a charge for the trader. GeneTrade offers rollover with transparent, competitive swap rates, enabling traders to better manage their overnight positions.

Key Details:

• Rollover occurs at 22:00 GMT, marking the start and end of the trading day;
• Wednesday trades incur a three-day rollover to account for the weekend settlement period;
• Traders can exploit interest rate differentials through carry trades, buying higher-yield currencies and selling lower-yield ones.

The standard formula for rollover calculation is:

Example: Buying 1 lot USD/CHF at an exchange rate of 0.935 with rates of 1.75% (USD) and 0.25% (CHF) results in a rollover credit of approximately USD 4.40.

Non-Trading Costs

GeneTrade currently operates with no direct brokerage fees. Its revenue model relies on bid/ask spreads and, in some cases, commissions.

Traders should be aware that certain banking-related costs, such as wire transfer fees for deposits or withdrawals and returned check fees, may still apply.

Key Details:

• No standard brokerage fees are charged for trading activities;
• Revenue is primarily generated via trading spreads and occasional commissions;
• Banking fees may include wire transfer charges, withdrawal costs, or returned check penalties;
• GeneTrade reserves the right to modify its fee policy at any time without prior notice;
• Trading competitions may carry entry fees for participants;
• Future charges could include statement fees, order cancellation costs, account transfer fees, or telephone order charges;
• Clients introduced via Introducing Brokers or Money Managers may face additional spread markups or commissions;
• Optional premium services may come with extra fees.

GeneTrade Payment Options

The broker offers over 20 payment methods. GeneTrade processes all withdrawal requests within 2 hours through its proprietary technology.

GeneTrade Deposit Solutions

GeneTrade states that it covers all costs involved with payments.

The minimum amount for deposits across various payment methods is $5.

The table below summarizes the available choices for making deposits on the brokerage:

GeneTrade Withdrawal Methods

This broker processes withdrawals only via the original method used for the deposit, meaning that the options for deposits and withdrawals are the same.

Here are the policies regarding fund withdrawals:

Does GeneTrade Broker Offer Copy Trading or Investment Plans?

GeneTrade does offer social trading capabilities. The feature allows traders, especially those new to the forex market or with limited time for analysis, to follow and automatically copy the trades of more experienced and successful traders.

GeneTrade Tradable Assets

The broker offers over 100 trading instruments across 3 asset classes with leverage options of up to 1:1000. The details are outlined below:

GeneTrade Promotional Offerings

The company offers 3 active promotions at the time of writing this GeneTrade review, including:

• 20% Bonus: Up to $5,000 extra funds on all deposits
• Zero Fees: No transaction fees on wire transfers above $200 and all credit card/e-wallet transactions
• Free VPS Service: Virtual Private Server with 99.99% uptime, perfect for utilizing EAs

GeneTrade Support Channels

The broker provides 24/5 support in 20 languages, such as English, Greek, Japanese, Chinese, Spanish, and Russian, through various channels, including those mentioned in this table:

The lack of a round-the-clock support service might be considered a major drawback by some traders.

GeneTrade Broker Restricted Countries

The company has restrictions on which countries it can accept clients from. These restrictions are typically due to regulatory requirements, sanctions, or the broker's risk management policies. GeneTrade prohibited countries:

• United States of America
• Europe
• Japan
• Thailand
• South Korea
• Iran
• North Korea

User Satisfaction

There are few GeneTrade reviews on reputable rating websites, and they are primarily negative.

The company hasn’t claimed its profile on Trustpilot.

GeneTrade Educational Offerings

The broker doesn’t offer any educational section on its website. It primarily focuses on providing trading services. This lack of educational resources can be a disappointment for potential clients.

GeneTrade Compared to Other Brokerages

The table below makes a comparison between the discussed brokerage and some of its competitors:

Conclusion and Final Words

GeneTrade provides access to 100+ trading instruments with leverage options of up to 1:1000.

It supports VISA, Neteller, and BitWallet payment methods. The broker doesn’t accept clients from the USA and Europe.