Genesis11 Review — A Powerful Start to Your Trading Journey
When you are looking at career choices, you will find tons of options to explore. Nearly every industry has a variety of choices to offer to you and the same is true for the financial world. As a matter of fact, this one is regarded as a lot more lucrative because it is quite diverse and the options that you come across can offer you a great deal of flexibility, growth and returns that you wouldn’t see elsewhere. In today’s world, more and more people are being driven towards this space for this reason alone. Being your own boss and enjoying the possibility of earning the kind of returns that you would spend years doing through a regular job is extremely tempting.
As of now, the financial landscape is experiencing a huge influx of traffic and this is all because of online trading. The convenience it offers, along with the profits, has attracted a great deal of attention and there are options for everyone, no matter what their risk tolerance is or how much they are willing to invest. You don’t have to be a millionaire and neither do you need to fulfill any other similar requirements in order to trade online, something that has worked in its favor. It is up to you to decide whether you want to make a career out of trading or take it on as a hobby.
While all of this can certainly be quite appealing, you need to bear in mind that online trading is not without its challenges. Sure, you can trade from the comfort of your home, but how can you do that? This is where you will come to know that an online trading solution is required and it is what brokers are for. The demand for online trading has increased exponentially in the last decade, which has prompted hundreds of trading solutions to be established to meet this demand. Thus, when you make up your mind to start trading, you will find plenty of companies more than ready to cater to you.
However, it is important to remember that shopping for a broker is no different from shopping for any other product; you should never make a decision without doing proper researching, knowing the kind of company you are dealing with, checking their services and then deciding on a course of action. Not doing can result in a number of problems for you in the future, which you would want to avoid. Moreover, the number of options can also result in a great deal of confusion.
After you have looked at a few companies, you will start believing that all of them are the same because most of them will have similar offerings. While features and services do overlap, it is important to remember that some platforms can easily be distinguished for their exceptional solutions. Likewise, like every other industry, there are some companies that are shady and cannot be trusted, so you have to be cautious in order to avoid those. Once again, this is only possible when you are responsible and do your research in order to find out as much as you can about a broker.
One of the choices at your disposal is known as Genesis11, which offers traders access to an array of financial instruments and claims to be a good and dependable broker. But, the fact remains that every company is going to claim something similar. After all, no one is going to admit they have a flaw. So, how do you figure out where Genesis11 falls? This is where you begin your research and take a look at exactly what this company can provide. Let’s do that:
— 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 LTD
Trading Instruments at Genesis11
When you are venturing in the trading world, you obviously want to make some high profits. Particularly in today’s tough situation, everyone is looking for a way to make some quick bucks so they are able to survive the pandemic. The problem is that finding these opportunities is easier said than done. While the trading markets have a range of instruments to offer, not all of them are equally profitable and you have to find and trade the right ones in order to reach your bottom line. Brokerages do offer trading instruments, but you need to ensure that the ones available are profitable and capable of generating long-term returns.
This is what you need to do with Genesis11. You will discover that the company has put together a horde of trading instruments for their clients. There are a variety of categories to explore and each one of them provides access to the leading choices that can help you meet your bottom line. Some of the instruments you can trade at Genesis11 are:
· Forex: Renowned as the world’s biggest financial market, the foreign exchange market is brimming with currency pairs that are traded for profit. There are thousands of currencies that can be traded, with each having a different level of volatility and profitability. You can trade major pairs, minor pairs, along with exotic currency pairs, depending on how much you want to invest and the risks you want to take. EUR/USD, USD/CAD, AUD/CHF, GBP/USD, USD/JPY, EUR/RUB, GBP/NZD and USD/RUB are just some of the options to explore.
· Stock: The world of trading has been associated with the stock market since forever and it is one that provides people the opportunity of investing in shares of some of the biggest companies in the world. You can trade stock CFDs (Contract for Difference) without having to own the stocks directly and be able to take advantage of their price movements. Some of the stocks you can trade include Facebook, eBay, Microsoft, Apple, Walmart, Netflix, PayPal and Google.
· Indices: As the stock market deals in individual companies, the indices market deals with industries as a whole. An index basically describes the performance of a bunch of stocks that are sorted according to industry, location or other factors. You can trade a variety of indices, such as S&P500, NASDAQ, Dow Jones and the FTSE for enjoying good returns.
· Commodities: This particular category is a great fit for traders looking for consistent returns without taking massive risks. The commodities market has plenty to offer this and there are different kinds of commodities that can be traded. You can buy and sell precious metals, such as gold and silver. You can also make contractual agreements based on natural resources like as natural gas and oil. These can be quite stable and profitable, something a lot of traders would love in an asset.
· Futures: This trading instrument could be regarded as a forward contract and it gives people the opportunity of speculating about the price movement of an asset. These futures can be traded on a broad selection of assets, such as stocks, currencies, precious metals and bonds.
· Cryptocurrencies: One of the relatively new additions that have been made to the trading world is that of cryptocurrencies. These digital assets, while volatile, are also known for offering good returns to traders. You can trade a number of them, such as Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.
Along with these options, Genesis11 has also put together bonds and exchange-traded funds (ETFs) on their platform. This ensures that you can spread out your investment over a wide array of instruments, which not only helps you earn more, but can also be useful in reducing your risks.
Trading Solutions at Genesis11
If you have done some research into trading and brokerages, then you are probably aware that the most crucial feature that any company can offer to you is their trading platform. Have you thought about how will you connect with the financial markets? Sure, you will buy and sell trading instruments, but how will you be able to make profits? This is where the trading platform comes in because it opens the doors for you and allows you to trade in the markets in real-time. The trading platform that a company offers to its clients is at its own discretion; they decide what kind of solution you will get.
The kind of platform you get should factor in your decision to choose a brokerage because it will shape your overall trading experience. Hence, you have to ensure that it is good enough and can get the job done. When it comes to Genesis11, you will discover that they offer you several trading solutions to choose from, as per your preference. The choices you will come across are:
· MetaTrader 4
Perhaps, the topmost trading platform in the market is the MetaTrader 4, one that Genesis11 has added to the mix. The MT4 is the choice of all expert traders around the world because it is a powerful and advanced platform that can deliver a solid trading experience, yet it comes with an intuitive user-interface that makes it extremely easy to use. You can use it for trading a range of instruments with ease and enjoy features like one-click trading and superior trade execution speed. It provides access to advanced charts, several order types, automated trading, slippage protection and trading analysis. You can download it smoothly and customize it as you want.
If you don’t want a trading platform that you have to download, Genesis11 can provide you a solution for that as well. The WebTrader is an option that you can use for this purpose, as it is an online trading platform that doesn’t have to be downloaded anywhere. You access it through the Genesis11 website, and it is also a functional and intuitive trading platform. It executes trades quickly, offers the latest charts to traders and is extremely easy to use. It also keeps you updated on the latest market news and the trends, along with full in-depth market analysis. You can use this platform on any device, whether it is a PC, laptop or even your mobile device.
· Mobile Apps
In today’s advanced and modern world, people are doing everything from their smartphones or other mobile devices. Whether it is shopping, running a business or anything else, your phones can do the job quite well. Likewise, people also want to trade on the go and this is where mobile apps come in. Genesis11 provides its clientele with mobile apps for both iOS and Android platforms that you can download from their respective stores easily and quickly.
These apps have been designed for easy use, so you will not have any problem in navigation. All you have to do is log in and start trading right away. They provide all information that you need and are also equipped with essential features, such as charting tools, market news, trading analysis and alerts that can help you in keeping up with everything that’s happening. You don’t have to lag behind and can make trades right away, no matter where you are.
Account Opening at Genesis11
After you have gone over the trading instruments and the trading solutions made available to you, it is time to move onto the account opening process. How do you go about it? There are some brokers that can add some complications, which makes it difficult for traders to sign up on their platform and start using their services. You obviously want to avoid that and this is something Genesis11 understands quite well. Therefore, they only ask their clients to fill one form to open an account. As soon as you visit their website, you will find the Open Account option on the homepage.
Clicking on it opens up a registration form that will only take you a few minutes to complete. You have to provide information, such as your first name, last name, the email address and password you want to use for accessing your account and then choose your account currency. As soon as you have done so, you will be provided with a list of account options to choose from. The purpose of providing these options is to help traders in finding an account in accordance with their trading style, experience and risk tolerance. Genesis11 has come up with three account options, each of which targets traders of a different level and background. The options are:
· Mini: The first account choice that is provided on the platform is referred to as Mini and has been especially developed for beginners who are just starting out and don’t have a lot of experience or knowledge. They can open this account with a deposit of $500 and in exchange, they are provided with some basic features to assist them. These include online chat support, free e-books, individual competitive commissions and spreads and access to the latest market research and news.
· Classic: The second account option that has been put together is more for skilled traders, who have had some experience in the trading world. Hence, they can start the Classic account by depositing $5,000. They get features of the aforementioned account here, along with some additional ones, such as online phone support, a trading education program, as well as real-time trading signals.
· Premium: The last account choice that you will find here is referred to as Premium, as it is for advanced traders and experienced investors. This account can be opened with a deposit of $20,000 and has features of the above two accounts. Along with them, the account comes with a trade mentor to assist the users and they also get an account executive team to help them 24/7, allowing them to have a smooth and profitable experience.
Security at Genesis11
One of the most important factors about any online company or service is their security. There is no doubt that the internet provides us with a lot of benefits, but it is not without its risks. As a matter of fact, the number of cybersecurity incidents has only increased over the years and people can have their money or their information stolen to be used in dangerous and illegal activities. Trading with an online broker means that you have to entrust them with your personal information and also deposit your money, which can leave you vulnerable. Consequently, you want to make sure that the company you are choosing doesn’t take any of these things lightly.
This also applies to Genesis11 and you will find that they are quite thorough when it comes to providing a secure trading environment to their clients. How do they do that? First and foremost, to protect the funds that are deposited with them by their clients, they have opted to use segregated accounts. This means that client accounts are kept separate from the company’s own accounts, so they are only used for trading activities and not for anything else. In addition, they are kept with regulated institutions to keep them safe.
You will also come to know that Genesis11 complies with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These are internationally recognized policies that are aimed at preventing a number of risks, such as identity theft, terrorist activities, financial frauds and money laundering. How can they do so? They require traders to provide proof of ID, proof of residence, and even proof of payment, which verifies their identity, thereby ensuring that criminals cannot gain access to the trading platform.
How do you provide the proofs required? For ID, traders are asked to submit any government-issued ID that has a photograph as well, such as ID card, driver’s license or a valid passport. For residence, traders have to provide a copy of a utility bill, such as electricity, gas or water, or a bank statement that shows your home address. If you plan to use your debit or credit card for payment with Genesis11, you have to provide a front and back photograph of the card as well, with the CVV on the back covered and only the last four digits visible on the front. A purchase history of online transactions is also needed.
Customer Support at Genesis11
When you sign up with a trading platform, it is understandable that you may have some questions about how things work. Likewise, you might encounter some technical issues when you are executing trades or making withdrawals. No matter what the case, you would want support to be available to you, as soon as possible. Even slight delays can cause you a lot of losses, so support is of the utmost importance. Knowing this Genesis11 has not been lax in this regard. They have provided various channels to their clients that can be used to getting in touch with their staff.
They have kept a multilingual staff to assist traders from all over the world. You can connect with them through email, an online contact form, phone number or use the live chat support on the website. They are available 24/6 to answer any questions and resolve any problems you may have. In addition, they also have an FAQ section on their website where you can find answers to a horde of questions that you may have.
With Genesis11, you can enter the financial markets, diversify your investment and achieve the financial goals that you have set out for yourself.