Genesis11 Review – Is Genesis11 Scam or Legit? (genesis11.com is a good broker!)

Genesis11 Broker Review

9.2

TRADING PLATFORM

9.5/10

EDUCATION

9.0/10

ASSET INDEX

8.5/10

ACCOUNT MANAGEMENT

9.8/10

CUSTOMER SUPPORT

9.2/10

https://genesis11.com/

Introduction

Financial independence has become a priority for many, as the world changes due to which there is a huge demand for opportunities that can help you make money, as quickly and easily as possible. If you go down the traditional 9 to 5 route, you will spend most of your life saving for retirement and not be able to enjoy the kind of independence you want. It is not surprising that people would prefer ways that enable them to earn big, without having to wait that long and also not requiring too much effort. With the world going digital, new avenues have opened that people can explore.

If you are looking for one of the best ways to get high returns on your investment, you don’t have to look any further than online trading. The world of trading has been around for decades and thousands of people around the world have made their fortunes in this space and still do. While it did enjoy popularity, it wasn’t on the same scale as today and this is all because of online trading. Since it has shifted online, trading has become extremely accessible and a lot of barriers that existed in the physical market have been eliminated.

No matter where you are, you can start trading and you don’t need to have a lot of capital to begin with either. In addition, the possibility of making big returns has also become a reality thanks to the trading world, so it is not really surprising to know that millions of people are diving into this market. The good news is that there are endless opportunities, so you are sure to find some that can help you move closer to your bottom line. You can find plenty of instruments to trade, but the question is how?

Where are these instruments? How will you trade? What do you have to do in order to get started? This is where you will discover that an online brokerage is required, much like a physical broker was needed in the traditional form of trading. They act as your connection to the financial markets and provide you with everything that’s a part of the trading process. You don’t have to struggle when it comes to finding one, as the number of companies willing to provide trading services has increased tenfold in the last decade or so. As technology has advanced, these platforms have also done the same, which means you will not run short of options.

These platforms promise you reliable trading solutions that can help you enjoy a profitable trading experience. With the options available, there is a good chance you can find a broker that offers you excellent conditions, along with everything else that’s needed. But, it should be noted that actually locating one is easier said than done because you have to sort through the options. You cannot just opt for the first one you come across because not all of them are cut from the same cloth. Of course, they are going to make some tall claims, but who is to say they can actually live up to them?

If you fall for any of these promises and later they turn out to be false, it will result in a great deal of waste time and opportunities, not to mention the inconvenience of having to start from scratch. The best way to avoid such a scenario is to be thorough from the get go. When you find options, you need to take a close look at their offerings and then decide if they are worth it or not. This ensures that you find a good partner that’s capable of fulfilling your trading needs.

Genesis11 is one of the brokerages you will come across amidst your search, which was established a few years ago, and gives access to a variety of trading instruments. They also offer CFD (Contract for Difference) trading, which enables you to trade an instrument without having to actually purchase it physically. Instead, you will be able to buy contracts based on the underlying asset and trade as per its price movements. Moreover, Genesis11 is also an STP (Straight Through Processing) broke, which is reassuring because it eliminates the conflict of interest that they might have otherwise.

Their platforms and offerings have been designed to cater to the needs of traders from all walks of life. But, do they really accomplish this goal? The only way to find out is to take a close look at Genesis11:

Genesis11 Scam or Legit?

• Registration Steps

No matter which broker you opt for, each of them will have some registration steps that you have to complete before you can use their trading services. Only after you have completed these steps are you allowed to open an account. It should be a simple process, but you will discover that this is not always the case. There are platforms that have some very tough and extensive requirements that can draw out the process unnecessarily. It involves a great deal of paperwork, which is frustrating because not all of the information and documents they ask for are needed. Also, some companies take time in approving registration applications, which only adds to your frustration.

With Genesis11, you can skip all of these issues because their registration steps are straightforward and don’t require you to jump through any such hoops to get it over with. When you visit their website, you will find the ‘Open Account’ option given on the homepage at the top. Clicking on this option will lead you to a form that has to be completed. What does the form ask for? It asks you to enter your first name, last name, enter an email address and then a password, both of which will be used as your log in details later on. You are also asked to enter the account currency you want to use, choosing between EUR and USD.

As soon as you submit the form, the registration process comes to an end. There is no approval that’s needed or any other requirement that has to be completed. Instead, you can immediately move onto the next section, which involves selecting the account you wish to open.

• Account Types

In order to move forward with the broker, you have to explore the account types that have been formulated by them for their clients. If you have checked out a couple of companies, then you are aware that most of them offer these choices, especially when they are targeting their services towards traders of different backgrounds and skill levels. Obviously, they will not have the same requirements, so different account options are developed to facilitate them. Genesis11 has also developed three different account types, each of which have been designed for a different kind of trader. Check out the account choices below:

• Mini

Designed for those who are just beginning their journey in the trading world, the Mini account can be opened with a deposit of just $500. Since it has been designed for beginners, it comes with basic features, including access to market research, the latest market news, online chat support, competitive spreads as well as commissions and free e-books for guidance.

• Classic

The next account option that Genesis11 has developed is for traders who have some skills in the trading space. As they are not beginners, they can make a higher investment of $5,000 to get started. They receive all features of the Mini account and are also given some additional ones to help them during the trading process. These include trading signals in real-time that can help in making decisions, a trading education program, along with online phone support.

• Premium

To facilitate traders who are experienced and advanced, Genesis11 has come up with the Premium account. This one can be opened with a deposit of $20,000 and it provides features of the other two accounts. Along with them, traders can also tape into the expertise of a trade mentor who can give them guidance and assistance along the day. They also have an account executive team available 24/7, so they can manage their account without any problems.

Payment Options

After you have checked out what account options are provided to you and chosen one to begin with, you will be required to complete the deposit requirements. But, how will you do that? How can you fund your account? Every brokerage offers some payment options to their clients, which are to be used for making their deposits and withdrawals on the trading platform. You can go over the choices and opt for one that you want to use. Genesis11 has also added some payment solutions to their offerings, so their clients can add and withdraw their funds easily.

They allow their clients to use bank wire transfers, which are quite secure, even if they take a little more time. In case, you are looking for a quicker option, Genesis11 also allows its clients to use both debit and credit cards for their payments. You can use Visa or MasterCard, as per your preference. They also allow electronic transfers on their platforms, such as Neteller and Skrill, and you can decide which option seems the most convenient to you. The transaction times for deposits and withdrawals vary for every method, so you need to take this into consideration as well.

Financial Instruments

Once your account has been funded, you are now ready to start trading. You are gearing up to start executing trades, but the question is what are you going to trade? In order to make your choice, you first need to know exactly what financial instruments are being offered by a broker. Not all companies are going to give you the same options, so you have to take some time and check out what options are available to you. If you have some specific instrument in mind, you should ensure it is available or else there is no point in using their services.

Furthermore, diversification is recommended for reducing your risks and boosting your profits, so you should also verify that there are enough options to help you do so. Genesis11 fits the bill when it comes to financial instruments because they have put together an impressive range of options from different categories, so you can easily find what you are looking for. Plus, it leaves plenty of room for diversification as well. Listed below are the categories you can explore:

Stocks

Often referred to as one of the world’s oldest trading markets, you can buy and sell shares of companies all around the globe in the stock market. This includes companies from every industry, so you will certainly not be lacking in terms of choices. Since stock CFDs are offered by Genesis11, you will not receive dividends, but you can buy and sell for a profit. Some of the prominent shares that you will find here include Microsoft, Netflix, Amazon, Tesla, PayPal, Aurora, Google and Facebook.

Forex

The foreign exchange market is one of the most popular trading markets due to its profitable opportunities. It has a daily trading volume of more than $5 million, which makes it the biggest market in the world. It is brimming with opportunities for every trader, no matter what your risk appetite may be. There are a ton of currency options that you can explore, which include USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/AUD and USD/NZD.

Indices

Another one of the most lucrative option for trading is the indices market, which comprises of indexes based on different categories. They are similar to the stock market, only on a bigger scale and can offer you some solid returns. Genesis11 gives you the chance to trade some of the top indices all over the world and these are FTSE, DAX, S&P500, NASDAQ and Dow Jones.

Cryptocurrencies

Perhaps, one of the most in-demand and renowned financial instruments these days is cryptocurrency. It started off with Bitcoin in 2009, but has become a full-fledged market with a ton of opportunities that traders can explore and rake in high profits because of the volatility. There are numerous cryptocurrencies that you can trade, such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple, amongst others.

Commodities

One of the most consistent and stable financial instruments that you will find in the market fall under the category of commodities. These include instruments that have a regular demand and can give profits to traders without a lot of risks. You can trade an array of commodities, which include precious metals like gold and silver. You can also try energies, such as oil and natural gas, as they can also give you the kind of profits you want.

Bonds, Futures and ETFs

Some other assets that you can trade with Genesis include bonds, futures, along with exchange-traded funds (ETFs), which are a good addition to your portfolio because they are also known for providing substantial returns.

Trading Platforms

When you have gone through the financial instruments available and have decided which ones to start with, it is time for you to look at the trading platform. After all, this is the software that’s used for executing the trades, so you need to know the options that are given. If the software doesn’t perform properly, is lacking in regard to features, or has some other issues, it can make trading immensely difficult. The platform given to you is chosen by the broker; some develop their own, while others offer the ones that already exist in the market.

Genesis11 has gone for the latter option for facilitating its clients and the options you will find are:

• The MT4

Recognized as the gold-standard in terms of trading platforms, the MetaTrader 4 is available at Genesis11. Powered by state-of-the-art technology, this platform is capable of delivering a seamless trading experience to everyone. It offers instant trade execution, combined with one-click trading, which makes it easy to use. You don’t need to be concerned about a learning curve, as it runs smoothly and is equipped with some of the most efficient trading tools in the market. It is fully customizable and can be used for trading multiple instruments simultaneously. The trading tools that you can use here include advanced charts, trading analysis tools, market updates and trends, price alerts, trading signals as well as different order types. It takes only a few minutes to download and the steps are easy to follow.

• Mobile Option

In case you enjoy trading on the move, Genesis11 has also added MT4 mobile apps to the mix. You can download these trading apps on your Android and iOS smartphones or tablets. They give you full control of your trading account and are easy to navigate. Just like the desktop client, these apps have also been integrated with the necessary tools that can come in handy. They execute trades quickly and offer you access to as many instruments as you want. With these apps, you have the freedom to trade from anywhere and at any time, allowing you to tap into the smallest price movements.

• WebTrader

Last, but certainly not the least, another trading platform that you will come across at Genesis11 is known as WebTrader. This is also a popular choice amongst traders because it doesn’t come with any downloading and installation steps. To access this particular platform, you just need to go to the broker’s website, enter your login details and the platform will be available to you. For all its simplicity, the WebTrader also uses cutting-edge technology to help traders in enjoying the process. You can use it on any device, whether laptop, tablet, desktop PC and even smartphones. Everything is accessible with a few clicks, including trading tools like graphical charts, analysis tools, market news and a wide selection of assets.

Security and Privacy

The online trading world is not without its risks; there are scams, hacks and other cybersecurity issues that you have to be aware of, much like everything else you do online. It pays to be cautious, which means you have to opt for a company that recognizes the risks and takes the necessary steps to mitigate them. You will discover that Genesis11 has done a good job in this aspect because they have proper security and privacy policies. They opt for account segregation for their clients and keep the deposits with reputable financial institutions to protect the funds that are entrusted to them by the traders.

For protecting personal information, Genesis11 has chosen to use advanced encryption that keeps all data hidden from potential criminals. The company is also compliant with international security policies known as KYC (Know Your Customer) and AML (Anti-Money laundering), which are quite effective in reducing the chances of any illegal activities being conducted on the platform. In accordance with these policies, traders are required to submit some documents for verifying their identity and residence. There is also a Privacy Policy which outlines how and where your data is used, so you don’t have to be concerned about any misuse.

Other than these offerings, Genesis11 has also made an effort to provide solid and dependable customer support to its clients. They have added various support options that can be used for assistance when required. They have also added an education center for their clients, where they can access the latest research, e-books and other trading education programs for polishing their skills. With Genesis11, traders can enjoy an optimal trading environment that leads them to their goals.