Crypto / Forex Broker Reviews

Genesis11 Review – Selecting the Right Broker for Profitable Trading

Genesis11 Review

The trading market has existed for decades. At one point or another, we have come across someone talking about the foreign exchange market or the stock market. There is a lot of money being made in these markets and while people were aware of it, they didn’t do anything about it because they also knew that a lot of complications would be involved and there are lots of risks as well. While it is true that the financial markets are a risky one, entering them is no longer difficult or complex as it used to be. Things are no longer the same, and like other industries and markets, the financial industry was also shaken up by technology.

Like many other things, trading has also become accessible right from your homes and offices and people who couldn’t have fathomed every stepping into the financial markets are now trading at their own discretion. The potential to make high profits have outweighed the risks, especially considering the fact that there aren’t many opportunities out there that even come close to offering the kind of returns you can make in the trading market. Cryptocurrencies are an excellent example of this scenario, as in 2017, thousands of people all over the world were able to rake in millions when the market hit its peak.

This brought the trading world into the limelight and people began to take serious interest because now it wasn’t that challenging to actually invest in this space. To be able to start, there is no longer any need for anyone to have any degree, knowledge or experience. Even if you are a student, you can try your luck here because you don’t need a massive investment either. You can start small and once you have established yourself, feel free to invest as much as you want.

While all of this can get people very excited, they shouldn’t forget that they do need to find a broker in order to trade any financial instrument. This is something that’s quite similar to the traditional market, only brokers can also be found online nowadays. You don’t need to worry about the number because they have doubled since the popularity of the financial markets has surged, which means there are enough options to be found. The actual challenge is finding the right one. Indeed, there is such thing as a ‘right’ company because not all of them are created the same.

When you are shopping for a product, do you buy it from an unknown firm? People usually do some research to find the best brand, which involves looking at different features, services and pricing before they decide. This is exactly what you have to do with a broker as well. Sure, you could just choose any of the hundreds of option at your disposal, but there is no guarantee that they will be reliable, authentic or capable of fulfilling your needs. If you don’t have the right partner, your trading experience could turn into a disaster and you can end up losing all your investment.

Obviously, this is an outcome you would want to avoid and the safest way to do it is by being thorough in your research and know precisely what you are getting into. Availing trading services is no different than buying a product; as long as you consider what you will get, you can make the right decision. The number of brokers you find can often feel overwhelming, but you don’t have to get confused and make a decision without thinking things through. Amongst the options, you will find the name of Genesis11.

Established a few years ago, Genesis11 offers its trading services to people all over the world and they have targeted traders of all types and levels. Whether you are a beginner, a skilled trader or an expert one, the platform has something to offer to you. A vital thing to know about Genesis11 is that it is an STP (Straight Through Processing) brokerage, which means they don’t take positions against their clients, hence avoiding a big conflict in interest. This means that they will not profit from their client’s losses, so they will not be doing anything to make sure you lose.

They charge spreads from their clients and have commissions applicable on trading volumes, which help them earn. Knowing this can certainly be reassuring, but there is plenty more that you need to uncover before you should be ready to commit. Wondering what it is? Read on below to find out:

Broker Genesis11
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

Genesis11 logo

Genesis11’s Asset Index

There are several things that you need to take into consideration when you are on the hunt for a good and useful broker. One of these is none other than their asset index. As a matter of fact, it is certainly not a good idea for you to choose a platform without looking at what instruments you will be able to trade. It is important, even if you don’t have a particular asset in mind and are willing to spread out your capital. This is due to the fact that not every asset can provide you the kind of returns you are looking for. Therefore, you need to ensure that the assets that you are being offered are profitable enough to help you meet your goals.

When you take a look at Genesis11’s asset index, you will be pleased to discover that they offer an extensive variety and there are different categories for you to explore. Check out some prominent ones that are available:

  • Currencies

The first major asset that you will find on Genesis11 is none other than the foreign exchange market. Regarded as the largest financial market in the world due to a daily trading volume of more than $5 trillion, it offers thousands of currency pairs to trade. These are divided into separate categories, such as major pairs and minor pairs, which include EUR/USD, GBP/CHF, GBP/CAD, NZD/USD, USD/CHF, GBP/USD and USD/CAD. You can also find some exotic currency pairs to trade, such as USD/MXN and USD/RUB.

  • Shares

Almost everyone has heard about the stock market, even if you don’t have a trading background. It allows you to buy and sell shares of thousands of companies all over the world. Genesis11 allows its clients to buy and sell stock CFDs, which means you don’t have to own them and will not receive any dividends. You can trade shares of some of the world’s top companies, like Apple, Intel, Facebook, Netflix, PayPal, Pfizer, Boeing, Coca Cola, Microsoft and Disney.

  • Indices

The index market is one of the most lucrative opportunities that traders can be find because rather than trading individual stocks, they involve trading them in clusters. You can invest in some of the best and most profitable indices, such as NASDAQ, Dow Jones, DAX, CAC 40 and S&P 500.

  • Cryptocurrencies

Nowadays, thousands of people are rushing into the trading markets for the sole purpose of trading cryptocurrencies. The market is once again on the rise, in the same way as it was in 2017, which means there are lots of profits to be made here. With Genesis11, traders have the chance to tap into these opportunities as they have put together a range of cryptocurrencies on their platform. You can trade the best options in the market like Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, DASH, Monero, NEM, IOTA and others.

  • Commodities

One market that can provide you with regular and stable returns in the long-run is the commodities market. It doesn’t come with a lot of risks, which makes it the ideal choice for traders who don’t have a high risk appetite. You can find an array of commodities to trade here, such as precious metals including gold and silver and even energies and resources like natural gas and oil.

  • Futures, bonds and ETFs

Other than the aforementioned instruments, there are some more options that can be found in the trading world. These include futures, bonds and exchange-traded funds (ETFs), which have also been incorporated into their platform by Genesis11.

Considering this variety of trading instruments that can be found, it is easy for traders to find the asset they want to trade. Plus, they can also enjoy the freedom of diversifying their investment portfolio as much as possible, which can help them reduce the risks and earn higher profits.

Genesis11’s Registration

When you are thinking about opting for a broker to start trading, you should first check if there are any requirements applicable and the steps you will be required to take in order to avail their services. Why is this necessary? This is because no two platforms are the same; different companies tend to have different rules and procedures and it is best to know what is expected of you, so you are prepared. It is a given that you wouldn’t want to deal with a long and extensive registration procedure. Not only is it a waste of time, but can also become frustrating.

In order to use Genesis11’s services, you do have a registration process to complete, but it is quite straightforward and doesn’t involve any headache. Their registration procedure mostly revolves around filling out a single form on their website, which you will find when you click on the ‘Open an Account’ button. The form itself doesn’t take you longer than a couple of minutes because all you have to enter is your first name, last name, and an email address, along with a password that you want to use for your account. You have to select the account currency you want to use for making your deposits and withdrawals and then you are done.

This is all that you have to do when you want to sign up with Genesis11. There are no other complicated steps that are needed and neither do you have to go through an approval process.

Genesis11’s Account Types

An important thing to remember is that it is not just brokerages that are unique; traders are also different from one another. For instance, your goals and your risk tolerance will be different from someone else in the market. Not everyone has the same expectations or aims and this can have a big impact on how much they invest, what they invest in and how frequently they do so. To accommodate such different and varying needs, companies come up with several account types. These are mostly developed according to the category the trader is in.

As Genesis11 is also providing its services to everyone, regardless of their skills, experience or knowledge, they have also come up with account types. In fact, you will find a total of three types available and these are:

Account Type 1: Mini

This account has been created by Genesis11 for traders who are new to the trading environment. They are beginners, so they don’t really need any advanced tools and features, but require basic offerings that allow them to trade easily and profitably at the same time. The deposit they have to make in this account is $500. They will be able to take advantage of market research, free e-books and also get the latest news and trends that can be helpful. They are given online chat support and the spreads and commissions are competitive enough to give them an incentive to trade.

Account Type 2: Classic

The next account that you will find available is one that has been developed for traders who are now skilled because they have experience and knowledge. This means that not only can they enjoy the features available in the Mini account, but can also make use of some other ones. Genesis11 has obliged in this regard by adding a trading education program to help them in polishing their skills. They also get trading signals, which are provided in real time. The account can be opened easily with a deposit of just $5,000.

Account Type 3: Premium

The last account type that traders will come across is referred to as Premium and this option has been added for expert, advanced and professional traders who have been around for quite some time and have an impressive trading volume and experience to show for it. They have to deposit $20,000 for this account and are given features of both Mini and Classic accounts. In addition, they can also find a trade mentor with their account who assists them in making decisions. There is also an account executive team that can be used 24/7 to help manage your account and portfolio.

Genesis11’s Trading Platform

The trading platform that’s provided by a broker is their main offering because it is this software that is your gateway into the financial markets. If there is no trading platform, you cannot execute your trades, so it is an essential feature. However, it is just as imperative that you take a look at the kind of platform you will be offered because it can make or break your overall experience. If the trading platform is lacking in any way, it can make trading immensely tough and lead to a lot of frustration as well. You obviously want an optimal trading experience and this can only happen when a quality platform is provided.

At Genesis11, you will find that rather than developing their own trading platform, as some companies are known to do, they have chosen to go with the ones that are already available in the market. Moreover, another advantage is that they have given you several types of trading platforms to choose from, as per your own convenience and preference. The options that you will find are:

  • MetaTrader 4

A globally acclaimed trading platform, the MT4 is highly recommended and lauded by experts in the trading industry. It was especially made for the purpose of delivering a seamless trading experience to its users and suffice it to say, it has done the job rather well. Whether you are a new trader or a veteran, the MT4 can fulfill your needs because despite being powered by advanced technology, it has an intuitive and user-friendly interface that makes it easy to use.

It is a fully customizable platform that can be used for implementing different strategies and trading a horde of instruments. The MT4 platform offers instant trade execution, thanks to its one-click trading feature and has also been integrated with the best tools that can make a difference in the outcome of your trades. It is quite secure, offers slippage protection, advanced charting capability, trading signals and the latest news. You can also benefit from 3rd party bridging and use different order types.

  • WebTrader

The second trading platform that you will find on Genesis11 is called the WebTrader and this platform doesn’t have to be downloaded. Some traders prefer a platform that they can access on any device they have handy and WebTrader fits the bill. You access it by visiting the broker’s website and entering your login details. Nonetheless, it can still offer a solid trading experience to its users. Navigation is straightforward and it also comes with the required tools for making trading smooth. Cross-device functionality is available, multiple assets can be traded and you can perform in-depth market analysis as well.

  • Mobile Apps

The financial markets tend to be very volatile and everything can change within a few seconds. Therefore, you would want to stay connected to the markets as much as possible. Is there any way to do it? Mobile devices provide traders with the perfect opportunity to do so, due to which Genesis11 has developed iOS and Android apps that allow their clients to enjoy trading on the move. No matter where you are, you can access your trading account, monitor the market and execute your trades. The apps come with simple functionality and also have tools added to them for a good trading experience.

Genesis11’s Customer Support

No matter what new service you start using, it is highly likely that you will have some questions or may even encounter some problems. This is also true of a broker and you would expect to get help right away, so you can go back to your trading activities. Any kind of delay is not appreciated because, as mentioned earlier, the trading markets tend to change within seconds. If you don’t get assistance right away, it can result in missed opportunities or even losses for you. Therefore, you need to ensure that the platform you are choosing has the right kind of support.

You will find that customer support at Genesis11 is available 24/6 to clients, so they can get answers to any queries they may have or solutions to any problem they may encounter. To get in touch with their representatives, traders can opt to send in an email, give them a call or they can also use the live chat option provided on the website for doing so. The staff is very friendly and helpful and can provide support in multiple languages, which is also handy. As a matter of fact, there is also an FAQ section that has been developed on their website, where answers to some questions have already been given to save time.

You can also find top-notch security measures in place for protecting your information and your funds, the trading conditions are quite impressive and deposits and withdrawals have also been kept simple and quick. With all of these perks, Genesis11 can prove to be a good and authentic trading partner.

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