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Genesis11 Scam or Legit? Full Genesis11.com Review HERE

Dec 25, 2020

Introduction

Considering the daunting financial situation that people are facing nowadays due to the coronavirus pandemic, it is not surprising that many are in search of ways they can use for generating some income. Most people have had their salaries or incomes reduced, which is making it difficult to manage finances, so they are looking to supplement it in order to ease the increasing burden. Furthermore, the investment vehicles that you have been using are no longer giving the same kinds of returns as before, taking into account the dire straits of the global economy. Hence, you obviously want to find out a way to invest your savings and earn substantial returns without having to wait for years or going through a lot of hassle.

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Is there any such solution that exists? In this digital and technologically advanced world, there is an answer that traders can explore and it is none other than online trading. It wasn’t that long ago when trading was not for everyone and only those who had copious amounts of money or were looking to make a career in this industry ventured into it. Others were fascinated by the forex and stock markets, but steered clear because they didn’t fit the requirements and the procedures needed for making your entry were also quite complicated.

However, things have changed for nearly every industry in the last couple of decades, all thanks to the advent of the internet and the technological progress we have seen. Consequently, the trading world has also evolved over time and online trading has surfaced. As a matter of fact, in the last few years, it has surged quite quickly and this is because more and more people are realizing the potential it offers. There are hundreds of thousands of financial instruments that can be found in these markets, and you can trade these from your couch.

Gone are the days when you had to go out to trade any of these instruments and you don’t even have to have thousands of dollars to begin. Hence, it is the answer you want because it is a great way of increasing your income and do it without having to sacrifice your existing job. Online trading comes with a lot of flexibility; allowing you to trade as much or as little as you want, when you want and even where you want. All of these are the reasons that people have rushed into the trading markets.

This all sounds very appealing, but you have to know what needs to be done in order to trade online. Obviously, you have to get started from somewhere, but where is that? What is it that you need to do? One element that hasn’t changed even with online trading is the need for a broker. They have been part of the trading space for as long as it has existed and they remain so today as well. To trade online, you need to look for a brokerage, as they give you access to the tools, platform and other resources needed for trading.

Is this going to be difficult? Finding a company that’s willing to offer you its services is rather straightforward. Like everything else, you do a Google search for one and it gives you an entire list of options to explore. Hundreds of such platforms have been established in the last few years alone and this is where the real dilemma is. While it is always good to have some choices, there is also something as too many choices. How do you pick one that can work for you? If you take a look at some, you will find that each claim to offer great trading services and talk about their features.

It is perfectly natural for them to promote their services, but if you were to accept all the claims they have made, then you would end up creating an account with all of them. As that’s not practical, it is your job to dig through all the information and find out what is relevant to making your decision. You would obviously want a broker that can offer you everything in one place and in order to do so, you have to go through them carefully. Genesis11 is a forex and CFD (Contract for Difference) broker that you will find and the good thing about them is that they are an STP broker.

This means that they don’t make trades against their clients and neither do they benefit from their clients’ losses. They only make commissions based on the volume of trades conducted by the traders, which eliminates a conflict of interest. In addition, Genesis11 is also offering its services to traders in different parts of the world and from different skill levels as well. This certainly works in their favor, but it is not all that you need to know for making your decision. What else should you look for? Let’s check it out:

Genesis11 Review

Broker Genesis11
Website https://genesis11.com/
Trading Accounts 3 Account Types; Mini, Classic and Premium
Minimum Deposit $500
Assets Coverage Forex, Commodities, Shares, Indices, Cryptocurrencies, Bonds, Futures and ETFs
Trading Tools Live Charts, Economic Calendar, Risk Management Tools, Price Alerts, Algo Trading and Trading Signals
Education and Training Yes; free market research, Trading Academy, Webinars, Tutorials, E-books, Sessions with Market Analyst
Customer Support 24/6 through live chat, online contact form, email and phone number
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company Genesis11
https://genesis11.com/
httpsgenesis11com
  • Check their trading products

No matter what broker you have to evaluate, it is a safe bet to start with their trading products. After all, they are the primary reason you are even thinking about availing trading services, so you need to know exactly what you will be able to trade on a particular platform. In fact, this is vital if you are thinking about trading only because you are drawn to a specific asset or instrument. If the company doesn’t have that, what would be the point of signing up? You will discover that Genesis11 has covered a lot of ground where trading products are concerned. There are more than 450 options that you can find and are spread out across varying categories. The major ones are highlighted below:

Stocks: Who hasn’t heard of the stock market? If you have any inkling of the trading world, you know exactly what the stock market is. Buying and selling shares of different companies around the world is what defines this market and Genesis11 has given its traders the opportunity to move into this space in order to enjoy the benefits. Stock CFDs of some of the most well-known and profitable companies around the world are available, including but not limited to, Apple, Netflix, Aurora, Amazon, Microsoft, Tesla, AT&T, Coca Cola, Facebook and PayPal.

Indices: Laden with lucrative opportunities, the indices market is where you trade a cluster of stocks rather than trading single ones. These indexes are based on different locations, industries and even platforms and can offer lots of ways of earning returns. Some of the world’s leading indices are available here, such as FTSE, Dow Jones, NASDAQ, DAX, Nikkei and S&P500.

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Forex: If there is one trading market that’s renowned all over the globe, it is the foreign exchange market where people trade currency pairs. There are a multitude of these currencies that can be traded and the whole market has a massive trading volume that’s matched by none other. You can find major and minor currency pairs, along with some exotic and rare options. EUR/USD, USD/RUB, GBP/USD, AUD/NZD and USD/CHF are only a handful of choices you will find.

Cryptocurrencies: The forex market is all about fiat currencies, while the crypto market is all about digital ones. It is one of the world’s most volatile markets and this volatility has added to its profitability tenfold. People have made millions in this space in the last few years alone. Genesis11 has kept up with the trends and added a horde of cryptocurrencies to their asset offerings, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero, Ripple, DASH, IOTA and various others.

Commodities: Another old market that you will come across is called the commodities market and it comprises of a range of commodities that have existed for years and are known to be quite profitable as well. In fact, they are consistent too, which is a plus if you are looking for regular profits. The commodities that can be traded include precious metals and natural energies. The former includes prominent names like gold and silver, while the latter comprises of crude oil, natural gas and more.

Futures: As the name indicates, futures refer to forward contracts that are based on price movements of the underlying asset. At Genesis11, you can find futures of a variety of instruments, such as stocks, currencies, precious metals and even bonds.

You can also trade ETFs (exchange-traded funds) and bonds on this platform and Genesis11 gives its clients enough room to diversify and minimize their risks.

  • Evaluate their security measures

Genesis11 security measuresEven if you have no trading experience, you do have internet experience and if you do, then you are aware that security risks exist. We have all heard about various incidents where people had their bank accounts hacked and their money stolen or their identities were stolen and then used in illegal activities. This has become quite common over the internet and has become a major concern for everyone. No one wants to be a victim of such incidents because it can lead to disastrous outcomes for them. When you decide to use a brokerage’s services, you are left vulnerable because you have to share your personal information with them and also deposit your funds in order to trade.

Subsequently, you should make sure that the company you decide to partner with takes appropriate steps to minimize these risks as much as possible. Genesis11 is proactive in this aspect and have used the right measures for protecting your funds as well as your information. They have used advanced SSL (Secure Socket Layer) encryption for protecting all data that they accumulate while providing their services. Whether it is your personal information or any communications you have with them, they are all encrypted to prevent outsiders from gaining access and exploiting them in any way.

To prevent financial fraud, money laundering and terrorist activities on their platform, Genesis11 has opted to comply with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These are used by all reputable brokerages that cater to international traders. As per these policies, users are required to verify their address and identity and also provide proof of payment in order to trade via their platform. There are documents that have to be scanned and emailed in order to do so. What documents are required?

  • A copy of a government-issued ID, whether it is a passport with the signature page, a national ID card, or a driver’s license. Make sure whichever you choose, it is a valid one. This is needed for proof of ID.
  • A copy of a utility bill, whether it is electricity, water or gas, is needed for proof of address. Your name and address should be on the bill and it shouldn’t be older than three months. If not available, you can submit a bank statement, credit card bill or any such document.
  • A purchase history of any online transactions that you may have conducted is also needed and it should be signed.
  • If you plan on using a credit or debit card for payment on Genesis11, a front and back photo of the card should be provided. You can cover the CVV on the back of the card and only leave the last four digits visible on the front.

As far as keeping your funds is concerned, Genesis11 keeps accounts segregated for security reasons, as this ensures that your money is only used for trading and nothing else. It is not used to pay any of the company’s obligations or for any other purpose. The funds are kept with regulated and reputable institutions to keep them safe.

  • Go over the trading platforms

Genesis11 trading platformsHave you ever wondered why you need a broker’s services today? There is one crucial feature that they have to offer, which has made them extremely important and that’s the trading platform they provide. This defines the software needed for executing your trades in the market and it comes with the tools that can be useful for trading efficiently and profitably. Bear in mind that the trading platform can vary from company to company, so it is your responsibility to check what kind of platform you will find at a specific brokerage.

You need to do the same where Genesis11 is concerned because this platform can determine what kind of experience you will have when you are trading. Here, you will find several options at your disposal. Let’s take a look:

MetaTrader 4: Have you taken a look at what are the top trading platforms in the market? If you have then you have probably come across the MetaTrader 4, commonly known as the MT4. After all, it is the leading trading platform in the trading space, one that’s recognized everywhere and is the top choice of all experienced and advanced traders as well. It provides you access to one-click trading, which means execution is fast and smooth. Downloading it doesn’t take a lot of time and effort either. It also boasts excellent security features and is powered by cutting-edge technology. However, it has an intuitive user-interface, which makes it easy to use for everyone. Interactive charts, risk management tools, technical analysis, price alerts and trading signals are just some of the perks it can offer.

WebTrader: The fact that Genesis11 provides its clients with other alternatives to explore when it comes to trading platforms is certainly a plus. If you don’t want to use a trading platform that you have to download, WebTrader is right up your alley. It is accessible through the web browser, which means it can be used on any device that supports one. The WebTrader also works just as seamlessly and has been equipped with trading tools as well, so traders can trade without any complications. It is easy to navigate, comes with slippage protection, the latest market trends and news and advanced charting tools as well.

Mobile Solutions: Since technology has advanced, smartphones have become our go-to devices for pretty much everything. This also applies to trading, as there are a lot of people out there who enjoy trading on the go. Keeping this in mind, Genesis11 has added mobile trading apps for their clientele, which are available for both Android and iOS ecosystems. This gives you a great deal of flexibility because you can trade from anywhere and at any time. You can have access to your account 24/7 and the apps also have tools and features to offer to you, which can be helpful in fine tuning your decision in order to maximize returns.

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  • Explore the account options

Now that you are aware of the trading platforms that Genesis11 has to offer to you, it is now time for you to decide what account you wish to open with them. Like other companies in the market, this one has also added several choices for their clients to select from. As they offer their trading services to traders from all backgrounds, they have developed account choices accordingly. No matter what your risk appetite, preferences or trading style may be, you will find an account choice for you. There are three choices that you can explore and these are:

Mini: Genesis11 has created this first account type for traders who need only the basics because they are beginners and are just starting out. They ask for a deposit of $500 for this account and traders are given access to resources like free e-books, access to market research and breaking news, and online chat support, all of which can play a vital role in helping them trade the instrument of their choice. They also offer reasonable spreads and commission in this account.

Classic: Traders who are no longer beginners and have reached the skilled stage will find the Classic account as a good choice. It needs a deposit of $5,000 and comes with the features of the mini account, along with some others that are more suitable for traders of this stature. These include real-time trading signals that can be used for making important trading decisions, a trading education program for expanding your knowledge and online phone support for any help you might require.

Premium: To cater to traders who are advanced and have reached the expert stage, Genesis11 has developed the Premium account option and they are asked to deposit $20,000 for the account. The resources and features of the two aforementioned accounts are available here. Other than that, traders will find that an account executive team is also available with this account 24/7 to help during the trading process and for managing the account. Moreover, a trading mentor is also included for giving guidance and recommendations to the users.

  • Other features

You should also make sure that the broker offers strong support and Genesis11 fulfills this criteria. It has an FAQ section for answering questions and also has a customer support staff to help through phone, email, or live chat. They also offer a plethora of trading tools that can be used for making smart decisions. If not, traders are given the option of trying algo trading i.e. automated trading in which they don’t have to make any decisions and leave it all to an algorithm designed especially for this purpose. The trading conditions are also quite impressive, with low and tight spreads provided and no high commissions charged. Genesis11 is fully transparent about everything and doesn’t try to exploit its clients in any way, helping them have an easy and optimal trading experience.

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