Genetrade no deposit bonus
Did you withdrew your profits….I have tried mine but they are not even responding via emails hello…pls how long did it take to verify your account
Free forex bonuses
Genetrade – $50 no deposit bonus
Genetrade
Promotion name: $50 no deposit bonus
How to get:
1. Open a new real account.
2. Validate your account.
Withdrawal requirements:
you cannot withdraw the bonus, but you can withdraw profits at any time.
More information:
the promotion is available only to new registered clients.
Information about the broker:
genetrade is a broker form belize.
Promotion valid: the promotion is over.
Do you recommend this promotion?
What’s new?
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32 COMMENTS
F*** this broker just said the bonus ended
I received my withdrawal $54.34 in my skrill account. Thanks for genetrade. Info: duaisrar@gmail.Com
I would like to receive bonus
Scaammmmmm shit all reviews are lies
NO DEPOSIT BONUS FINISHED
I received my withdrawal today.
Initially, they cancelled my withdraw and requested an additional proof of residency because they dont accept online bank statements, so I sent them a photo of my phone bill and it was fine. Once that was accepted, I made a new request, and received the money in about 4 hours.
Sole how long for registration takes place
But maximum withwdral 200$ how can u withwdral 400 bro can u explain
Where did you see maximum $200??
There are new condition please review the bonus conditional.
Is ANY ONE GET THE MONEY WITHDRAW PLEASE CONFIRM IT. I ASKED FOR THE PROFITS 3 DAYS AGO BUT TILL NOW I DID NOT GET ANY THING§§§§.
Waiting for a withdraw up to now
I have requested withdrawl 2 days ago but still funds not received. Any one got withdrawl??
That nigga you mean you have got withdrawl from bonus usd.
Did you withdrew your profits….I have tried mine but they are not even responding via emails
@that nigga. Hi did u get your withdraw
Anyone who did got the bonus withdrawal
I got my 50$ bonus after verification
Hello…pls how long did it take to verify your account
These ones are a waste of time, i cant even login to my profile. Imaging what will heppen onces money is involved
Anyone withdraw profite from this broker ?
How do we access their server guys ??
Mt 4 server name is… genius trading
No contact with this broker , after sign up .. No bonus. Scam
I got 150$ no deposit bonus
How? Did they resppond to any of their contacts, cause none of them seem to be attended/
LEAVE A REPLY cancel reply
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No deposit bonus forex 2021
Forex no deposit bonus is offered to you free of charge. You will pay absolutely nothing to the broker, and instead, the broker would pay you a certain sum to trade risk-free forex in a real account. All you need to do to access a no deposit bonus is to register at a broker's website for a personal cabinet, verify your account (providing the required documents), and then download their trading platform to trade with the free bonus. That is how forex brokers make you one of their potential clients. Forex brokers use no deposit bonuses to attract new clients, especially if they are new brokers, to increase their clientele as rapidly as possible which is why they offer such free bonuses.
Now, there you are with a free forex no deposit bonus. For those who are new to the world of forex, a free no deposit bonus looks very attractive! Fortunately, there are a number of forex brokers, established in the past decade or more recently, which offer forex no deposit bonuses!
Can I make money with a free forex bonus?
Forex free bonuses are usually offered in small amounts such as $10, $25, $50 or $100. You can trade with them, turn them into profit and ultimately withdraw the money you've earned. However, you need trading strategies to pull it off, in other words, you should be experienced in trading forex, and if all goes as planned, you can reap the benefits which at times is quite considerable. A lot of people have successfully turned such bonuses into large profits, who's to say that you can't be one of them?
So before you get carried away with free bonuses, you should prepare yourself thoroughly! Be aware that you need to focus on your trading strategy, and weigh your trading decisions from different perspectives! Although it's still difficult to make money using a no deposit bonus, with a little bit of trading management you can do it.
What are the terms and conditions for free forex bonuses?
Different brokers demand a different set of conditions for offering free bonuses. Some brokers make gaining profit and withdrawing it a tad harder; for example, they may ask you to trade a certain number of lots to be eligible for withdrawing the bonus or its profits.
Other brokers may charge a substantial sum for the first or any subsequent withdrawal requests. Some may allow you to withdraw only once during the bonus period. These conditions among other requirements should be studied at length to avoid any misunderstanding or unrealistic expectations.
What is the best type of forex no deposit bonus?
The following factors should be considered to determine the quality of a forex no deposit bonus:
The amount of bonus should be over 20$, so you can trade easily. Otherwise, it would be very hard to gain any real profit, and even if you do, it will take you a long while.
Having access to higher leverage enables you to trade bigger and more profitable using a small deposit. However, leverages, offered on bonus accounts, are normally in the range of 1:100 or 1:200. Some brokers offer leverage up to 1:500 which is rare but good.
Trading terms and conditions must be reasonable and not very restrictive; the fewer limitations you have for trading, the better your chances are for gaining profits.
The brokers that offer the bonuses must be trustworthy and reputable. It goes without saying that a well-regulated forex broker offers a much more reliable no deposit bonus and would pay even more withdrawable profits to its clients!
Is it worth to try no deposit forex bonuses?
If you are a beginner, it is advisable that you start your trading experience with a forex no deposit bonus. Forex is a very complicated and serious business which requires a certain level of experience. If you are new to the FX market, using a forex no deposit bonus can help you make some free money and gain some insight on how the market works.
When you learn your way around the FX market and can afford to trade on your own, you don't need free bonuses anymore. You'd be able to trade and make a lot of profit by trading live. Additionally, there are brokers that offer forex promotions to live traders as well, which can be used to multiply the profits.
No deposit bonus forex in malaysia 2020
No deposit bonus forex in malaysia 2020
The forex business is one of the online businesses that have high risk, for those of you are beginners and still in the learning stage it is very advisable to be careful when starting a forex business
One of the right and risk-free steps for beginners is to take advantage of the broker’s no deposit bonus
If you are a trader from malaysia then this information will provide something interesting for you as beginner traders that are still in learning to trade, or you that like to be a hunter no deposit forex bonus.
Here we have listed a number of brokers who offered no deposit bonuses until 2019 for traders in malaysia, but you need to check one by one because some of them already finished the offer
Work from home, start trading with tenkofx
A brokers with positive reviews from users and are regulated by IFSC belize
Open an account or try demo account.
Free 100$ bonus FBS
For new clients, traders from malaysia can take advantage of the free opportunity to get a 100 $ bonus no deposit from FBS.
This broker, having regulations on cysec and IFSC, provides an opportunity called $ 100 no deposit bonus. This bonus is very useful for training your skills in trading foreign currencies or trying out your trading strategy and also making some profits.
You only need to open an MT5 bonus account to submit a bonus. And you have 50 days to trade with bonuses and make a profit.
Keep in mind that during the 50 days period, at least 30 active days must be filled together with 5 standard lots so that you can make profit withdrawals.
Bonus terms
- The bonus is available for the metatrader 5 platform
- Order volume is 0.01 lot
- The amount to be issued is USD100
- The number of active trading days required 30 days trading
- The maximum number of active positions at a time is 5
- Traders should have 5 lots within 30 days of trading
No deposit bonus $50 from superforex
No deposit bonus $50 superforex
Superforex broker, get regulation from the IFSC
For clients of malaysian traders who have recently joined the broker, they offer a $ 50 no deposit bonus with the requirement to verify a real trading account. This bonus program is timeless, so you can trade as much as possible!
To get this bonus, the trader must register a real standard trading account with the company and provide the info that required to claim the bonus.
This bonus is only for trading purposes, but your profits can be withdrawn after completing 1 standard lot for each a dollar of profit. So if you want to withdraw 50$ you need to complete 50 standard lot
Step to get bonus
- Register a standard trading account
- Verify your account.
- Apply for a no deposit bonus and get it.
If the verification process has finished entering the trader’s cabinet then select the bonus program tab on the left menu in the client cabinet and select no deposit bonus.
At the bottom of the page click the “get a no deposit bonus” button.
Bonus condition
- This bonus program is only one time to participate
- This promotion cannot be used together with this promotion along with other promotions such as 40% welcome bonus, 60% energy bonus, and 120% hot bonus.
- Meet the number of lots needed to withdraw your profit.
Roboforex $30 welcome bonus
$30 welcome bonus – roboforex
This welcome bonus program is for new client registered
To get this $ 30 no deposit, registered clients must carry out a verification process, identity, address, and telephone number
Another requirement to get this $ 30 bonus no deposit, the client must make a $ 10 deposit to the trading account
You can trade and generate profits with these bonuses
Only deposits made via china unionpay cards, maestrocard, mastercard, and VISA were only valid.
A deposit made via a virtual card issued by the system payment is invalid.
If funds cannot be deposited by bank card, contact your personal manager to receive the welcome bonus
Clients can withdraw savings and profit from accounts themselves without limit.
Example
you deposit your account with 1,000 cents and receive 3,000 cents as welcome bonus. After trading, your profit is 1,000 cent. According to the terms program, the total expenditure includes 1,000 cents profit as well as 1,000 cents cent your own.
3.3 during “withdrawals”, client funds will be written off first, including deposits when made after welcome bonus received.
Example
you deposit your account by 1,000 cents and receive 3,000 cents as a bonus welcome bonus. After trading, your losses are 500 cents. The loss will be protected using client money and the number of funds available for withdrawal will be to 500 cent, which is the client’s own money by deducting losses.
Welcome bonus tickmill $30
$30 welcome bonus tickmill
Tickmill is a broker regulated by the FSA.
This broker offers a “$ 30 welcome bonus” for all newly joined malaysian clients after opening a welcome trading account
For you, traders from malaysia can take advantage of tickmill’s welcome bonus promotion
Bonuses can be traded for a 3-month, but still cannot be withdrawn.
At the end of the period, you will have one month to claim your profits.
Traders must fully register their trading account with the necessary documents, open a direct MT4 trading account, and fund their trading account with $ 100 in order to be able to withdraw profits.
After that, send an email to the broker support department for deposit withdrawals and profits
Specific condition requirements:
- This promotion is only one time as a welcome bonus
- Withdraw your profits in one transaction ($ 30- $ 100).
- Cannot use hedging under any circumstances
- You can adjust the leverage of your account to your liking.
- Bonuses are only for trading purposes.
Welcome bonus of 35 USD – fortfs
Welcome bonus of 35 USD – fortfs
Fortfs broker, regulated by the IFSC
For all newly joined traders, fortfs offers a “$ 35 welcome bonus” to all new clients after verifying profiles.
Clients must verify their profile and submit a welcome bonus on their personal account to receive free funds within 10 days of registration.
Bonus amount ($ 35 or 3500 cents) and the resulting profit can be withdrawn after you trade 20 standard lots or 2000 micro lots (for cent accounts).
How to get a welcome bonus fortfs
To get it you have to log into the trader’s room, then verify the cellphone number by accepting a certain code, filling in the identity and address documents
After that, use the ‘get bonus’ option to receive a bonus. You can start trading with bonuses and withdraw profits after meeting certain requirements
Term and condition
- Bonuses are offered once for newly joined clients
- Flex newbie, pro, and S.T.A.R accounts are not accepted for this promotion.
- ETF cfds and cfds will not be taken into account in the final score.
- You can fund your account to make more profit
10 USD no deposit bonus – fxopen
10 USD no deposit bonus fxopen
To get the bonus you only need to open the STP account type at the fxopen broker, and the company will add a bonus to the trading account
This bonus cannot be withdrawn, but the profit can be withdrawn after you trade at least 2 standard lots. All trades are included in lot calculations, both loss, and profit
How to get fxopen bonuses
On the fxopen website, register your e-wallet (fxopen account), then verify your mobile number. After that, open the STP account and get the bonus.
Bonus conditions
This bonus is not available for residents of indonesia, pakistan, and bangladesh.
You can only request withdrawals after the bonus expires, that is after 7 days
$ 7 non-deposit bonus – FXCL
$ 7 non-deposit bonus – FXCL
FXCL, regulated by FSC vanuatu, offers “a $ 7 non-deposit bonus” to all new clients when registering. This is a good opportunity to get to know the company and its products without investing alone. So, join now!
Clients must follow the FXCL broker on facebook, send information that can be verified to register at FXCL, and submit a bonus without a deposit of $ 7 by opening a promo account.
Bonuses can be withdrawn after reaching 1/10 (of bonus) standard lots. For example, if you receive $ 20, you must trade 2 standard lots.
Account balance cannot be less than $ 10 to make the first withdrawal. The first withdrawal from a promo account costs a fee of $ 9 (even though it is less than $ 20). However, further withdrawals will not be charged. In addition, clients can use bonuses to trade like other accounts, after the first withdrawal has been made.
How to get a $ 7 no deposit bonus:
follow these three easy steps: become an FXCL fan on facebook, register and send the required information, and open a promo account with a $ 7 no-deposit bonus. After following these steps, you will receive a bonus and can start trading.
Bonus conditions:
- Promotions are only offered once per client.
- Clients can transfer funds between accounts without restrictions.
- Do not combine other promotional programs before the first withdrawal
$ 50 no-deposit bonus – genetrade
$ 50 no-deposit bonus – genetrade
Genetrade, under IFSC authorization, “$ 50 no deposit bonus” to all new clients after registering a live trading account. Use bonuses to gain trading experience with brokers without the need to invest money, then withdraw the profits generated!
New traders must open a live trading account with the company in order to receive free funds. The bonus given can only be used for trading. However, whatever benefits you get when trading using free funds can be withdrawn.
For example, if you make a profit of $ 150 with a $ 50 bonus, you can only withdraw $ 150 and cannot withdraw the bonus.
How to get a $ 50 no deposit bonus from genetrade:
New clients must open a live trading account with the genetrade broker by providing the information and documents needed. After completing the registration, the bonus will immediately be transferred to your account. Trade with your bonuses and profit!
Bonus conditions:
- This bonus is only offered once to each client.
- Only the first client can participate in the bonus program.
- Any withdrawal request will cause cancellation of all bonuses received.
$ 50 no deposit bonus – FXCC
$ 50 no deposit bonus – FXCC
FXCC broker, regulated by cysec
For new clients, this broker offers $ 50 free start-up trading bonus’
This bonus is probably a good start for you to recognize the potential in the forex market while making a profit!
Newly joined traders must open a live trading account, complete the confirmation process, and send requests through the FXCC trader hub on the relevant bonus page to get free funds.
After the bonus is given, you have 30 days to turn it into profit. This promotion does not require a deposit. Clients can only use bonuses for trading. However, the profits generated (not less than $ 50 and a maximum of $ 200) can be withdrawn after completing at least 2 standard lots.
How to get a $ 50 no deposit bonus from FXCC:
Open your personal area on the broker’s website, register a live trading account, verify the information needed, and the bonus will be transferred to your account within 24 hours.
After that, trade with free funds and withdraw your profits.
Bonus conditions
- Bonuses are only offered once per client.
- This promotion provides leverage as high as 1: 100.
- Internal transfers are not allowed.
- Profit can be withdrawn using neteller or skrill.
$ 30 – eightcap no deposit bonus
$ 30 – eightcap no deposit bonus
Broker eightcap, which is regulated by ASIC,
Offer a $ 30 no deposit bonus for all new clients after registering a live trading account.
Bonuses will be given in the form of trading credit (cannot be withdrawn). Traders can use this bonus to improve their trading skills, learn the ins and outs of trading with brokers while making a profit!
New clients from the eightcap broker must open a live trading account to receive a $ 30 bonus
Please note that after registering an account, you only have 10 days to claim the bonus. Bonuses can be used for 30 days, and to attract the profits generated, the trader must complete at least 1 standard lot in less than 5 round trades during that period
How to get a $ 30 no deposit bonus from eightcap:
First, open your personal cabinet on the eightcap official website and register for a live trading account.
Second, fill in the required information and enter the ND30TC code in the “how did you hear about us?” column – or just send an email to the client service center at [email protected]
Finally, check your registered e-mail for bonus confirmation. Use bonuses for trading and withdraw your profits at will!
Bonus conditions
- Each client can only claim this bonus once.
- Bonuses can be claimed within 10 days after account registration.
- If the client’s net equity is less than or equal to the number of bonuses, additional funds may be needed.
- This bonus cannot be withdrawn and cannot be combined with other offers
Forex no deposit welcome bonus 2020
Broker name | bonus size | expiry date |
---|---|---|
the liquidity | no deposit bonus $1000 | march 1, 2020 |
roboforex | welcome bonus 30 USD | on-going |
fxopen | welcome bonus $10 | on-going |
freshforex | $2020 no deposit bonus | on-going |
AGEA | $5 no deposit bonus | on-going |
instaforex | $1500 no deposit bonus | on-going |
fortfs | $35 no deposit bonus | on-going |
FBS | $100 no deposit bonus | on-going |
forex.Ee | new welcome bonus $15 for STP account | on-going |
grand capital | $500 no deposit bonus | on-going |
fxreino | $30 trading bonus | on-going |
IUX market | $30 no deposit bonus | on-going |
tradeland | $50 welcome bonus | on-going |
kaje forex | $50 no deposit bonus | on-going |
bulls eye markets | $30 no deposit bonus | on-going |
wforex | $10 welcome bonus | on-going |
fideliscm | $100 no deposit bonus | on-going |
TTS markets | $30 welcome account | on-going |
teletrade | $100 welcome account | on-going |
amegafx | $133 no deposit bonus | on-going |
amegafx boom | up to $1000 no deposit bonus | on-going |
tickmill | $30 welcome account | on-going |
superforex | $50 no deposit bonus | on-going |
windsor brokers | $30 free account no deposit required | on-going |
CWG | $50 hi bonus | on-going |
orangefx | $7 welcome bonus | on-going |
li captial market | $30 welcome bonus | february 29, 2020 |
Which is the broker gives a free bonus?
Many brokers give free bonuses, the brokers listed above are brokers who provide no deposit bonuses for 2020, roboforex, instaforex, fxopen, and others.
Can you start forex with no money?
Forex trading is not a business that requires a lot of money, even with 1 $ you can start, but can just start without money by taking forex no deposit bonuses, demo accounts, and demo trading contests.
What is a lot in forex?
Forex trading uses a specific size called a lot, one lot represents the contract value of one transaction unit, the standard size of one lot is $ 100,000, but then there are also mini, micro and nano, with smaller contract values.
Can I trade forex with $100?
Many brokers offer a minimum deposit of less than $ 100, so we can start trading forex with only $ 100, you can choose mini or micro to start at $ 100.
What is the minimum deposit for forex?
Depending on the type of account and broker policy, some brokers offer a minimum deposit of only 1 $, and the average is 100 $, so to start trading forex, you don’t need a large capital.
What is the best forex no deposit bonus?
You can do research from traders’ reviews, some suggest to fxopen, instaforex, XM, and agea.
Can I make living trading forex?
Yes you can live from forex trading, but this is not easy, many traders fail and a greater percentage than successful, so learn first before you want to trade for a living.
Can I actually make money with no deposit bonus?
Yes, but you must be able to fulfill all the requirements of the regulations regarding no deposit bonus, this refers to the broker you choose.
Can you get rich from forex trading?
You can become rich from forex, if you have mastered profitable trading techniques, and start with large funds, from $ 500 to $1000 or more.
Why I am not eligible for no deposit bonus?
There are several reasons why you are not eligible to get a no deposit bonus, maybe your country is an exception, or someone else has used the same IP address as you.
How difficult is forex?
Forex is not an easy way to get rich quick, yes forex is difficult if your goal is only to make money fast, then just save that desire and continue learning first.
Is there any no deposit bonus without verification?
Yes, one broker that gives no deposit bonuses without verification is instaforex.
Conclusion
Forex no deposit bonus is one way to start trading without having to use your own money.
Many brokers offer no deposit bonuses, and you must read the rules about bonuses before deciding to take them.
Even if you lose in trading, it is not a real loss because it is only a bonus from the broker.
But to make a withdrawal you need to verify your account, even if you are a famous person, you must obey with broker’s policy.
Are you ready to start trading now?
No deposit bonus forex 2021
Forex no deposit bonus is offered to you free of charge. You will pay absolutely nothing to the broker, and instead, the broker would pay you a certain sum to trade risk-free forex in a real account. All you need to do to access a no deposit bonus is to register at a broker's website for a personal cabinet, verify your account (providing the required documents), and then download their trading platform to trade with the free bonus. That is how forex brokers make you one of their potential clients. Forex brokers use no deposit bonuses to attract new clients, especially if they are new brokers, to increase their clientele as rapidly as possible which is why they offer such free bonuses.
Now, there you are with a free forex no deposit bonus. For those who are new to the world of forex, a free no deposit bonus looks very attractive! Fortunately, there are a number of forex brokers, established in the past decade or more recently, which offer forex no deposit bonuses!
Can I make money with a free forex bonus?
Forex free bonuses are usually offered in small amounts such as $10, $25, $50 or $100. You can trade with them, turn them into profit and ultimately withdraw the money you've earned. However, you need trading strategies to pull it off, in other words, you should be experienced in trading forex, and if all goes as planned, you can reap the benefits which at times is quite considerable. A lot of people have successfully turned such bonuses into large profits, who's to say that you can't be one of them?
So before you get carried away with free bonuses, you should prepare yourself thoroughly! Be aware that you need to focus on your trading strategy, and weigh your trading decisions from different perspectives! Although it's still difficult to make money using a no deposit bonus, with a little bit of trading management you can do it.
What are the terms and conditions for free forex bonuses?
Different brokers demand a different set of conditions for offering free bonuses. Some brokers make gaining profit and withdrawing it a tad harder; for example, they may ask you to trade a certain number of lots to be eligible for withdrawing the bonus or its profits.
Other brokers may charge a substantial sum for the first or any subsequent withdrawal requests. Some may allow you to withdraw only once during the bonus period. These conditions among other requirements should be studied at length to avoid any misunderstanding or unrealistic expectations.
What is the best type of forex no deposit bonus?
The following factors should be considered to determine the quality of a forex no deposit bonus:
The amount of bonus should be over 20$, so you can trade easily. Otherwise, it would be very hard to gain any real profit, and even if you do, it will take you a long while.
Having access to higher leverage enables you to trade bigger and more profitable using a small deposit. However, leverages, offered on bonus accounts, are normally in the range of 1:100 or 1:200. Some brokers offer leverage up to 1:500 which is rare but good.
Trading terms and conditions must be reasonable and not very restrictive; the fewer limitations you have for trading, the better your chances are for gaining profits.
The brokers that offer the bonuses must be trustworthy and reputable. It goes without saying that a well-regulated forex broker offers a much more reliable no deposit bonus and would pay even more withdrawable profits to its clients!
Is it worth to try no deposit forex bonuses?
If you are a beginner, it is advisable that you start your trading experience with a forex no deposit bonus. Forex is a very complicated and serious business which requires a certain level of experience. If you are new to the FX market, using a forex no deposit bonus can help you make some free money and gain some insight on how the market works.
When you learn your way around the FX market and can afford to trade on your own, you don't need free bonuses anymore. You'd be able to trade and make a lot of profit by trading live. Additionally, there are brokers that offer forex promotions to live traders as well, which can be used to multiply the profits.
All forex special bonus - 2019
Saturday, january 26, 2019
Genetrade deposit bonus promotion $5,000
Genetrade deposit bonus promotion $5,000
Half exchanging reward advancement
The most effective method to apply:
Terms – worldfxm reward
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Genetrade review 2021
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our ratings list of forex brokers, the traders union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the top 5 on our objectively ranked list:
Summary of genetrade trading company
Genetrade operated by genius trading LTD is authorized and regulated by the international financial services commission (IFSC), license IFSC/60/366/TS/18. Genetrade was founded with the aim to offer top trading conditions to each and every customer. The goal was reached thanks to careful selection of every genetrade team member and constant implementation of innovative technologies in the field.
We work exclusively with the accounts opened through traders union.
Genetrade latest comments 2021
The reviews by customers of the genetrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the brokerвђ™s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of genetrade published on the website in 2021 are verified and confirmed by traders union as reliable comments by real traders.
Analysis of the main features of the forex broker
Trading conditions for genetrade users
trading platform: | MT4, webtrader, mobile apps |
accounts: | micro, standard |
account currency: | USD, EUR, GBP, JPY, HUF, PLN, ZAR |
replenishment / withdrawal: | bank transfer, credit cards, e-wallets - skrill, neteller, bitwallet, paytrust |
minimum deposit: | 5 USD |
leverage: | 1:1000 |
PAMM-accounts: | no |
min order: | 0,01 |
spread: | from 1 p |
instruments: | forex, metals, cfds вђ“ indices, commodities. |
Margin call/stop out: | 50%/20% |
liquidity provider: | no |
mobile trading: | mobile apps |
affiliate program: | no |
orders execution: | market execution |
trading features: | free VPS service |
contests and bonuses: | 50% deposit bonus |
Comparison of genetrade with other brokers
genetrade | fxpro | XM group | admiral markets UK | avatrade | |
trading platform | MT4, webtrader, mobile apps | MT4, mobiletrading, MT5, ctrader | MT4, MT5, mobiletrading | MT4, MT5, iphone, ipad, android, MT4 supreme edition | MT4, mobiletrading, zulu trader, mirror trader, avatrader, AVA option |
min deposit | $5 | $100 | $5 | $200 | $100 |
leverage | from 1:1 to 1:1000 | from 1:1 to 1:500 | from 1:1 to 1:888 | from 1:25 to 1:500 | from 1:200 to 1:400 |
trust management | no | no | no | no | no |
accrual of % on the balance | no | no | no | no | no |
spread | from 1 point | from 1 point | from 1 point | from 0 points | from 0 points |
level of margin call / stop out | 50% / 20% | 25% / 20% | 50% / 20% | 100% / 30% | 25% / 10% |
execution of orders | market execution | market execution, instant execution | market execution | market execution | instant execution |
no deposit bonus | no | no | $30 | no | no |
cent accounts | no | no | yes | no | yes |
Broker comparison table of trading instruments
genetrade | fxpro | XM group | admiral markets UK | avatrade | |
forex | yes | yes | yes | yes | yes |
metalls | yes | yes | yes | yes | yes |
crypto | no | no | no | yes | yes |
CFD | yes | yes | yes | yes | yes |
indexes | yes | yes | yes | yes | yes |
stock | yes | no | yes | yes | yes |
ETF | no | yes | no | yes | yes |
options | no | yes | no | no | yes |
Contacts
registration address | 5 cork street, belize city, belize |
regulation | IFSC licence number: IFSC/60/366/TS. |
Contacts | email: [email protected] , [email protected] , |
The oldest reviews of the genetrade
The reviews by customers of the genetrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the brokerвђ™s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of genetrade published on the website in 2021 are verified and confirmed by traders union as reliable comments by real traders.
Latest forex articles that may help you
Do reviews by traders influence the genetrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about genetrade you need to go to the broker's profile.
How to leave a review about genetrade on the traders union website?
To leave a review about genetrade, register on the traders union website or you can also leave a review through facebook.
Is it possible to leave a comment about genetrade on a non-traders union client?
Anyone can leave feedback about genetrade on multiple participating clients; however, traders union clients also receive additional payments later for working with any broker listed at the forex market.
Why is it more profitable to work with genetrade through traders union?
Because you will receive additional payments from traders union every month while all other functions on your chosen trading platform remain the same.
Traders union recommends: choose the best!
Risk disclosure:
Information on the tradersunion.Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.
That is why you should only invest money that you are prepared вђ” or can afford вђ” to lose at such high risks. Tradersunion.Com does not provide any financial services, including investment or financial advisory services. Also, the traders union is not a broker and does not get money for trading in the forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:
Tradersunion.Com assumes no responsibility for the consequences of the clientвђ™s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The forex trading, as well as CFD or cryptocurrencies trading, are not for everyone and forex trading is a very risky business. Before investing, please assess your competence to trade in the forex markets and make sure you understand and appreciate all the risks, particularly in terms of leveraged trading. The information on this site is not intended for distribution, dissemination, or use by any person in any country or jurisdiction where such distribution, dissemination, or use would violate domestic legislation or regulation.
Any payments made by tradersunion.Com to the users of our website are only as a bonus for activity on the website, in the form of advertising income deduction; and such payment cannot:
В· be subject to any claim by our users or third parties;
В· obligate tradersunion.Com to act or refrain from any act;
В· expose or subject tradersunion.Com to any legal or other dispute; or
В· be considered as part of the services provided by the brokers.
Disclosure of advertisers and revenues:
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Genetrade no deposit bonus
Withdraw your bonus funds as bonus deposited to your account
Promotion rules
- Deposit bonus can only be credited to a verified account.
- Deposit bonuses can be credited to any account type.
- The bonus amount is 5% , 10% , 15% of each deposit amount.
You can claim 5%, 10% or 15% bonus on EACH deposit you make depending on current campaign. However it is not possible to claim 11%, 25%, 47% etc. (except for loyalty bonus)
- No IB commission is paid for bonus funds trading.
- Maximum bonus size is $15,000 (or €15,000 for euro accounts) per account and $/€ 30,000 per customer.
- The bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc., unless stated otherwise.
- It is advised to claim a bonus right after your deposit is credited to your trading account.
- The bonus shall be credited into your account and locked for withdrawal until the volume requirements are met. At the end of each hour based on traded volume part of bonus credit will be deducted from your MT4 credit and simultaneously deposited into your balance. The operation will be processed every day.
- The bonus for each deposit is considered a separate bonus.
- It is required to trade (bonus amount)/4 (bonus amount divided by four) standard lots to be able to withdraw a bonus completely. However, you will be able to withdraw the part of bonus already covered.
E.G. If you deposit $1000 to your account, receive $150 bonus and then withdraw $1000 ( own/invested funds or made profit), bonus will be cancelled.
- Volume calculation starts from the first bonus and continues consecutively. This means that you can't withdraw later bonuses before you trade the required volume for the first bonus, and so on. The volume calculation starts from the moment the bonus is requested. The volume for each deposit is calculated separately.
- The FX orders with the trading result which is less than 3 pips (3* 0.00010 or 3*0.010) are not considered in the calculation of traded volume.
- Only FX and commodities trading volume is calculated ( i.E. Share cfds, cryptocurrencies and spot indices are not calculated )
E.G. You made a $100 deposit on monday and started trading. On wednesday you claimed $5 bonus. Volume calculation for your bonus starts from wednesday, any volume traded before wednesday will not be included. It is advised to claim a bonus right after your deposit is credited to your trading account.
- The bonus can be withdrawn ONLY if by the moment of lots calculation the bonus is still present in the account. If a client had traded the required volume, but the bonus has already been canceled, it would not be added or compensated.
- A customer can cover one bonus at a day. If you received 2 or more bonuses consecutively and made necessary volume to cover the first bonus then all trades made after this until the next day (00:00) will not be counted at all. Since the next day all volume made the same day will be calculated.
- In case the equity of your account becomes less than the bonus size, the bonus will be cancelled.
- All the uncovered bonus ( if any) will be cancelled after 6 months since it was credited
- If the account balance (without opened trades) becomes less than or equal to the bonus(es) amount, the bonus(es) will be canceled starting from the latest one until the account balance becomes higher than bonus(es) amount.
- If the trader's own funds are withdrawn after the bonus has been credited, the bonus will be canceled.
Genetrade review
Genetrade is an offshore broker located and regulated in belize. As one of the attractive solutions for broker companies that seek an easy entry and regulation, belize regulatory authority – international financial services commission (IFSC) has a sound name but not much to offer in terms of client protection. Genetrade is one such brand under genius trading LTD company, using its own payment processing company in cyprus. Owning such a company makes easier approvals for VISA and mastercard transactions.
Genetrade has a good and polished website where information is structured and covers important topics for investors. Although, a lot of redundant, empty marketing words are used, common for brokers that just fill the page without any argumentable, defined content. Genetrade highlights the high leverage level and bonus promotion, one of the two most effective lead collectors for offshore brokers. Still, this can be understandable considering genetrade needs some popularity. This review will evaluate whats great about this broker as many that try to break through the competition offer good value for money.
Account types
From the moment you open the account types page, genetrade wants to point to benefits traders will have. Transparency, fast executions without re-quotes, no dealing desk, metatrader 4 platform, global customer support, and account manager. This is what most traders want to hear, we will test these claims in the next sections. Account types are limited to two, and they differ by lot trading sizes, and that’s all.
Micro account allows trading in 0.01 lots or micro-lots, while standard account contract size is 100.000 units or one lot. Available base currencies for both account types are USD, EUR, GBP, JPY, HUF, PLN, and ZAR. Furthermore, accounts are commission-free, have low spreads, and swap-free for islamic clients. Genetrade does not restrict trading styles such as scalping, hedging, or news trading. Overall, great offer without many account types with different packages and scaling deposit levels which is common with other brokers.
Platforms
Genetrade is focused only on the metatrader 4 platform. MT4 is available as a direct web browser version without any installation which looks like the ordinary desktop MT4 variant. Mobile versions are supported for andriod and ios and desktop for PC and mac. Once launched, the MT4 platform will log in with blazing speed. The communication lag to the server was a very fast 40ms on average.
Everything is set to default except the one-click trading buttons are turned on. The execution times are averaging a bit above 100ms which is very good compared to other brokers. Traders will have the latest version of the platform that feels really responsive to genetrade’s servers. The margin levels will not reflect the leverage you have selected during the registration so traders will have to remember what is set during the sign-up process or calculate manually. MT4 is the standard among brokers and actually trading quality depends on how good is the broker network connection.
Genetrade has one more web platform, sirix this platform has a social module integrated and is shown on the right side as a social feed of other traders. This way clients that do not have any skills can copy the trades of others, follow them and analyze them to develop their ideas. This platform is available for real accounts.
Leverage
One of the selling points of genetrade is the leverage up to 1:1000. This is available for both account types and all assets. This also means gold leverage is up to 1:1000, which is rare to see in the industry. This kind of leverage cannot be allowed within regulated brokers in the EU or USA and can be attractive to some high-risk traders. It is not obligatory to use this leverage, clients can change it to lower values.
Trade sizes
Trade sizes are divided by the two account types, standard and micro. The minimal trading volume is 0.01 lots for the micro as the name suggests. Volume steps are also in 0.01 lots giving traders to employ low risk, precision scale in and out strategies. The maximum volume for one trade is 50 lots. The standard account has the minimum volume set to 1 lot and apparently is catered for bigger deposits. Combining this with high leverage also opens the trading field for a lower deposit, high-risk traders.
Trading costs
Genetrade does not charge commissions for any of the account types. Trading costs in terms of swaps for non-islamic accounts are under normal levels. Not all swaps are negative, for EUR/USD the swap is +2.19 and –9.21 points for a long position. Gold has -10.14 long and -0.42 short position swap, although the majority of forex pairs have a negative swap. Genetrade is very transparent for fees and trading costs and presents all instrument swap table. We have checked the accuracy and found out the table is not updated to the levels in the MT4 platform. After 100 days of trading inactivity, the client’s account will be regarded as dormant and a $10 fee will be charged every month.
Assets
Probably one of the weakest points of genetrade is the assets offer range. This is forex focused broker, there are no commodities, shares, indices or crypto. Precious metals are limited to two, spot gold and silver. A total of 57 currency pairs reveals that at least the forex category is fully developed. Apart from the major pairs, there is a fair number of exotic pairs. Traders can find USD/RUB, USD/PLN, USD/HUF, USD/HKD, USD/HKD, USD/ZAR, USD/CNY, USD/TRY and scandinavian currencies under US dollar-denominated exotics.
Furthermore, the options are extended with the EUR denominated combinations and also some with GBP. Certainly, forex traders do not need to look elsewhere.
If you stumble under the indicies category on the genetrade website, you may see that it is available, in practice it is not yet introduced. The genetrade staff informed us that they plan to expand soon.
Spreads
When brokers promote variable spreads from 1 pip the statement will hold even if it is 50 pips. Genetrade 1 pip spread was never reached even for the most liquid pair. Although, the EUR/USD pair spread is around 1.7 pips which is acceptable. The spread level for other currencies varies considerably, so, for example, the GBP/JPY has a 4.5 pip spread, AUD/NZD 4.9, EUR/NZD 8.5 pips and the GPB/NZD has a wide 10.8 pips spread in normal conditions. Taking a look back at the “from 1 pip” offer will make traders aware that it is just pure marketing. For the spot gold and silver, the spread is around 4 pips, making it one of the top 50 spreads offered for these assets.
Minimum deposit
Since genetrade is still new and offers basically one account type, it tries to attract new traders to the pool. If low spreads and assets range does not work, the minimum deposit will. For $5 you can apply for a live account for both types, although we are not sure if a $5 deposit is normal for the 1 lot minimal trade standard account sets.
Deposit methods & costs
The payment options for withdrawal and deposit vary from area to area. Clients can see the options once they login to the members area. Globally, genetrades will accept deposits from bank wires, credit /debit cards, skrill, paytrust, bitwallet, and netteler. There are no fees for any deposit method except for skrill charged 2% of the deposit amount.
Withdrawal methods & costs
The minimum withdrawal is $10, no fees are charged by the genetrade. When clients request multiple withdrawals is a short time, genetrade will process it as one to minimize the transaction costs. In the terms and conditions document, there is a statement that enables genetrade to impose fees and limits to their system at any time. The support staff told us that this case has never happened, probably it is set there for future changes or just as a legal safety.
Withdrawal processing & wait time
Processing time is usually instant, for bank wires it depends on the client’s bank and will take between 3-5 days. Genetrade will process the request in a few hours. Interestingly, if the client has used the credit/debit card for deposit, any profits made will be sent by bank wire, but also a client can choose his e-wallet. Most brokers will only use the bank wire method for profits. Withdrawals are possible even when the markets are closed.
Bonuses & promotions
Genetrade has a very interesting bonus that is not based on the trading volume. A simple idea, 50% deposit bonus up to $5,000 will be credited without any deposit minimums. After a withdrawal request, the bonus will be canceled and any profits gained are available for withdrawal too. This kind of bonus is additional equity that enables bigger positions and potentially a bigger share of profits. What is great about this bonus is that there are no special conditions or funds lockup. For the broker, it affects the number of withdrawal requests as traders want to utilize the bonus funds as long as possible.
Educational & trading tools
Apart from the mentioned sirix social trading platform, genetrade has no educational material available. Also no news or analysis section. Genetrade probably does not see immediate value from this and want to keep focused on assets expansion.
VPS service is available for free. This feature is online 24/7 but has certain requirements. Traders need to maintain at least $5000 equity and trade at least 5 lots per month. This is valid for all client’s accounts cumulatively. Even if you do not qualify for free VPS, it is still available for $28 per month.
Customer service
Genetrade support is available, although not 24/5 as described. The chat was not always available, and when it was there was no waiting queue. Support representatives act politely and give relevant answers to our questions, still, there is a room for improvement to give better answers. Genetrade is also reachable via email but we did not find a phone line that is stated on the web site. Overall, the support this broker provides is better than average.
Demo account
The demo registration process is easy after filling the email and other details. To our surprise, genetrade had internal server errors that blocked us to make one. Only the real account worked. We have approached the support with the issue just to receive a reply to try again later. We are unsure if this is just a mechanic to open a real account instead since it just requires $5.
The demo is not time-limited if traders are active. After 90 days of inactivity it will be closed automatically, but another one is always possible. You can maintain up to 5 demo accounts at one time.
Countries accepted
Genetrade does not have a long list of banned countries. Full information on this is not disclosed on the website or the legal documents. The list we got is from their support: united states, north korea, syria, sudan, cuba, iran, belize, burundi, iraq, and mali.
Interestingly, japan is not on the list, and as we are told, clients form japan are genetrade’s target group. This is further confirmed by the japanese version of their web site.
Conclusion
Genetrade is an ECN STP model broker that utilizes the regulatory liberty to provide high leverage, better deposit/withdrawals, account types conditions, bonus model and wider global client coverage. As a new broker, it does not have a large client pool and the situation may change as it gets bigger. Traders will not enjoy tight security but will have more freedom, both for trading and off trading. The main drawback, for now, could be the lack of other trading instruments categories.
Looking at the benchmark sites, this broker does not have notable reviews except the one about the possible fake arbitrage trading foul that genetrade does not allow. Genetrade is a good example of how bonuses could be made to benefit both the trader and the broker without complex, unethical rules. Furthermore, trying out this broker service is affordable considering the low deposit requirements. In the long term, traders will need to understand the risk of a growing and changing broker such as genetrade to the extent that conditions offered now might quickly change tomorrow.
So, let's see, what we have: genetrade – $50 no deposit bonus genetrade promotion name: $50 no deposit bonus how to get: 1. Open a new real account. 2. Validate your account. Withdrawal requirements: you cannot at genetrade no deposit bonus
Contents of the article
- Free forex bonuses
- Genetrade – $50 no deposit bonus
- Genetrade
- What’s new?
- Instaforex – one million option
- MFM securities – matador contest
- Forex4you – trading hero contest
- Justforex – 2021 trading contest
- Promax – 10% deposit bonus
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- No deposit bonus forex 2021
- Can I make money with a free forex bonus?
- What are the terms and conditions for free forex...
- What is the best type of forex no deposit bonus?
- Is it worth to try no deposit forex bonuses?
- No deposit bonus forex in malaysia 2020
- Free 100$ bonus FBS
- No deposit bonus $50 from superforex
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- Welcome bonus of 35 USD – fortfs
- 10 USD no deposit bonus – fxopen
- $ 7 non-deposit bonus – FXCL
- $ 50 no-deposit bonus – genetrade
- $ 50 no deposit bonus – FXCC
- $ 30 – eightcap no deposit bonus
- Forex no deposit welcome bonus 2020
- Which is the broker gives a free...
- Can you start forex with no...
- What is a lot in forex?
- Can I trade forex with $100?
- What is the minimum deposit for...
- What is the best forex no deposit...
- Can I make living trading forex?
- Can I actually make money with no deposit...
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- Conclusion
- No deposit bonus forex 2021
- Can I make money with a free forex bonus?
- What are the terms and conditions for free forex...
- What is the best type of forex no deposit bonus?
- Is it worth to try no deposit forex bonuses?
- All forex special bonus - 2019
- Saturday, january 26, 2019
- Genetrade deposit bonus promotion $5,000
- Genetrade review 2021
- Summary of genetrade trading company
- Genetrade latest comments 2021
- Analysis of the main features of the forex broker
- Trading conditions for genetrade users
- Comparison of genetrade with other brokers
- The oldest reviews of the genetrade
- Latest forex articles that may help you
- Do reviews by traders influence the genetrade...
- How to leave a review about genetrade on the...
- Is it possible to leave a comment about genetrade...
- Why is it more profitable to work with genetrade...
- Traders union recommends: choose the best!
- All forex special bonus - 2019
- Saturday, january 26, 2019
- Genetrade deposit bonus promotion $5,000
- Genetrade no deposit bonus
- Genetrade review
- Account types
- Platforms
- Leverage
- Trade sizes
- Trading costs
- Assets
- Spreads
- Minimum deposit
- Deposit methods & costs
- Withdrawal methods & costs
- Withdrawal processing & wait time
- Bonuses & promotions
- Educational & trading tools
- Customer service
- Demo account
- Countries accepted
- Conclusion
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