iCrowdNewswire Feb 4, 2021 4:47 AM ET
Genesis11 Review
The most difficult task traders have to face when they decide to step into the financial market is to find the right broker. With the increasing interest in online trading, many online trading firms have emerged. Unfortunately, you cannot blindly sign up with any of these firms as there are a lot of unregulated companies out there. Furthermore, there are also a lot of scams disguised as online brokers. So, you can understand the amount of effort it takes to find a brokerage firm that is not only reliable but also perfect for you.
Genesis11 is a great choice for those who are struggling to find something reliable. This online trading firm is an easy-to-use and multi-asset firm which allows new traders to experience different markets in a user-friendly environment. I have decided to talk about this firm because when I used it as a trading platform, I was pleased to find many great features. So, today I have decided to talk about some of these great features to show you just why this trading firm is the right choice for you.
So, let’s take a look at some of the features of Genesis11 that will tell you all that you need to know about it.
| Genesis11 | |
| Trading Platform | Web Trader. |
| Assets | Forex, Indices, Energies, Stocks, ETFs, and cryptocurrencies. |
| Banking Options | Credit/Debit card, Bank Draft, Wire Transfer. |
| Account Types | Mini, Classic, Premium. |
| Leverage | 1:200 |
| Contact | support@genesis11.com |
Top Features of Genesis11 That You Should Know About
· Advanced Trading Platform
You should heed my advice when I say this but the trading platform that the broker provides should be one of the first things you should look for in a broker. The quality of the trading platform can single-handedly determine what kind of trading experience you will have. You will come across different forms of trading platforms with different brokers. There are propriety platforms where the broker designs their own platform while some choose to use existing software for their trading platforms. You may have to upgrade your device to make it compatible with the software. Apps for these trading platforms are also available for download on the Play Store and Apple Store. Some trading firms choose to use web traders which allows you to access the platform by just visiting the website and logging in to your account.
In my opinion, web traders are the most practical trading platforms because you can use them with any device and access your accounts from anywhere easily. Furthermore, it also does not require you to constantly update your device software. Genesis11 offers a web trader which was developed under the scrutiny of experienced developers and traders. Made with state of the art technology, this trading platform is packed with advanced trade tools, resources, and features that provide an excellent trading experience. Furthermore, the platform offers the ultra-modern trait of Algo trading which allows you to participate in openings even when you are not active yourself. Basically, you provide a set of conditions which the broker follows while trading on your behalf. You do not have to worry because the broker never goes outside your conditional grounds. You are provided multilingual support and can translate the trading platform to the language that you are most familiar with.
I think that the trading platform that Genesis11 provides is a great web trader which is easy to use and allows effective trading.
· Trading Instruments
When looking at a broker, it is important to see which assets it is offering. You need the broker to support a variety of assets when you are a new trader because how else will you get exposure to different markets? Many brokerage firms select just one asset as their main focus. A majority of the trading firms that you find on the list of leading brokers are ones that focus on one particular asset such as forex or cryptocurrencies. Such firms are great for experienced or professional traders. However, they are not that great of a choice for new traders because it limits their investment options.
As a new trader, you need to get a feel of the different markets to figure out which asset makes the most sense to you. Not everyone can become crypto or forex traders, therefore, it is great when other options are also available. Genesis11 supports a range of assets that you can choose to trade with. In addition to the main list, there are many other sub-categories of assets. The instruments that Genesis11 supports include Forex, Indices, Energies, Stocks, ETFs, and cryptocurrencies. You can trade with a number of forex pairs and cryptocurrencies. I want to highlight the fact that this broker supports ETF trading which stands for Exchange Traded Fund which is not commonly supported by a lot of trading firms.
So, Genesis11 is a great choice for new traders as a diverse list of trade instruments will provide them with exposure to different markets as well as help in building a diverse trade portfolio.
· Deposit & Withdrawal Methods
Your main task as a trader is to buy and sell assets depending on their position in the market. This means that you have to make regular payments and make transactions of your earnings. Since it is an online platform, all payments and requests for withdrawals are made online. You will notice that many trading firms do not put a lot of attention in the execution of these orders. They may be famed firms, but their payment methods are not worth commenting on. In fact, sometimes these processes are so lengthy or complicated that traders feel discouraged to think about making deposits or taking out withdrawals.
With Genesis11, you do not have to worry about lengthy procedures when it comes to paying deposits or making withdrawal requests. The broker supports a variety of payment options and also does not require you to visit multiple pages. You can make your deposits via credit and debit cards, bank drafts, and wire transfers. The same methods for withdrawals are applied. The thing that you need to remember is that the withdrawal will be sent to the bank account that you made your deposit from. Furthermore, you will also not be able to change the currency to what you want. The currency for deposit and withdrawal will be the same to avoid money-laundering issues. The minimum deposit that you can make into your account is $250.
· Proper Leverage
Leverage is the best thing a brokerage firm can offer you. You will notice that the leverage rate is often used in promoting the broker or in ads. This is because leverages are very advantageous to traders. Often you will see that firms offer huge leverages, you should be careful of extremely high leverage rates because as profiting as they are, they can be also as lethal. So, if you are a new trader, you should definitely stay away from the trap that is huge leverage. You may also notice that some firms do not offer leverage at all on the claims that it is too risky to trade with them. You should also stay away from such firms because online trading in itself is a risky business. You can’t just not provide a service to traders because it was too risky.
If you are unfamiliar with this term, then I will explain it just now. Leverage is the contribution from the broker to your investment. This means that if a broker offers a leverage of 1:50, it means that for every $1 that you invest, the broker will contribute $50. Doesn’t that sound interesting? Genesis11 offers a leverage of 1:200 which is an average rate perfect for new traders. As long as you are careful and do not get too greedy with investing, you are on the right track to make fast money. Using leverages for investments is a great way of achieving your financial targets quicker.
· CFD Trading
CFD trading allows you to trade without using your own money. It is honestly one of the best ways to earn quick money from trading. You may be wondering, how does CFD work if you invest without using money? Well, in simple words, instead of using your money for the investments, you sign a contract for the asset with the brokerage firm. CFD stands for Contract for Difference where you exchange the difference in the value of the buying and selling price of an asset. CFDs are a great way to increase your earnings as it allows you to invest in multiple assets at the same time. Furthermore, since you are not using your money, you are liquid enough to invest in other assets as well.
CFD trading is similar to trading with leverages as it provides you with a shorter route to reach your financial goals. However, similar to leveraged trading, you need to be careful about how much you invest because it is easy to go overboard if you do not pace your investments. When you are a new trader it probably smart to not invest in multiple assets using CFDs at the same time. This broker offers CFDs on Indices, Shares, and Commodities. This is one of the reasons why it is so great for new traders because it does not allow you to use CFDs on the more highly volatile assets like cryptocurrencies.
· Fully Regulated
If you have heard of any stories regarding people losing their money to an online trading firm, there is a high chance that the firm that they were trading with was not regulated. The most important thing a broker can do for you is to be regulated. That is how important regulations are. It does not matter if the trading firm offers you the most high-tech trading platform if it is not regulated. In fact, if you ever come across an unregulated broker, I want you to add the name of that broker on a blacklist. The easiest way to earn the trader’s trust is through regulations. When a brokerage firm is regulated, it means that a third-party is overlooking all of its actions and financial services.
This means that the broker cannot act as it wishes and use the customers’ money for its own use because it is being monitored. The regulatory authorities ensure that the firm is not meddling with your funds or is involved in any suspicious activities. If they notice any activity that is against the law, all power of the broker is seized. When a firm is regulated, it means that you can trade with a peaceful heart that your money is safe.
Genesis11 is a fully regulated broker which means that you can trust that your account and funds are in safe hands. The regulations require the broker to be compliant with several policies with the major ones being KYC (Know Your Customer) and AML (Anti-money Laundering). The KYC policy requires the user to provide authentic proof of identity such as house address, copies of passports, etc. to ensure that you are using your own account. They terminate the risk of fake accounts and identity thefts. So, complying with this policy, you will be required to submit these proofs when verifying your account or confirming transactions. The AML policy is implemented to prevent the illegal transfer of money from accounts. This is why you cannot deposit money in a currency and withdraw it in another. Rest assured that when you open an account with Genesis11, you are stepping into a completely secure trading environment.
Final Thoughts
So, what do you think? Are you curious enough by the description of these features to sign up with a demo account and try them for yourself? If you have any further queries about the broker, you can either visit their website for more information or get in touch with their customer support department. You will not be disappointed by their performance. This online trading firm offers many useful features and services to the traders.
If you are in search of a new trading firm or are a new trader, you should definitely consider signing up with Genesis11. As a rule of thumb, you should visit the website of the broker and exploring its features with a demo account before signing up with it.
The post Genesis11 Review – What You Need To Know About This Online Trading Firm appeared first on Financial Market Brief.
