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GensMarkets Review | The Gateway to a Transformative Journey or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
GensMarkets - logo

GensMarkets boldly claims that they are the gateway to a transformative journey. They paint a picture of revolutionary possibilities and endless opportunities, enticing eager traders to embark on their platform. However, let’s hold our horses for a moment, shall we? We’re not so easily swayed by such grandiose proclamations.When it comes to the world of online trading, it’s crucial to separate the scams from the legitimate players. And that’s where our skepticism kicks in. So, read our review and make your decision.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://www.gensmarkets.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit 10,000 euros
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail
📞 Phone +442030065965

First Impression of Gensmarkets.com

The official website of GensMarkets leaves much to be desired. To put it bluntly, there’s hardly anything impressive about it, except perhaps for the background wallpaper. As we navigate through its pages, we can’t help but notice its generic and uninspiring design. It’s as if they followed a template that lacks originality and fails to capture our attention.

GensMarkets - website

From the layout to the color scheme, everything feels mundane and unremarkable. It’s a disappointment, considering that a broker’s website should strive to convey professionalism, trustworthiness, and a sense of innovation. Instead, GensMarkets falls into the trap of mediocrity, leaving us underwhelmed and questioning their commitment to providing a top-notch trading experience.

Partnership and Bonuses

We have suspicions that GensMarkets may have a partnership program, although you won’t find any hints of it on their website. However, the registration form includes a field for a promo code, suggesting that you may be rewarded for referring others to the platform. Again, these are only our speculations. To confirm the existence of a partnership program and to inquire about the exact rewards, it’s best to reach out to GensMarkets’ managers.

Account Opening on Gensmarkets.com

Creating an account on the platform is not as straightforward as it may initially seem. At first glance, it may appear to be a typical form requiring the filling in standard contact and personal information. However, there is one field that you will inevitably leave unfilled, and that is the promo code field. Without it, you won’t be able to gain access to the client portal. Where to obtain this coveted code remains unclear. The reason behind GensMarkets’ closed registration is also a big question mark. Remember that brokers with nothing to hide do not take such steps to conceal their information.

Register

Verification

On its website, the broker does mention AML (Anti-Money Laundering), indicating that verification is mandatory here. The verification process typically involves providing certain documents to confirm your identity and address. These documents may include a government-issued ID (such as a passport or driver’s license), proof of address (such as a utility bill or bank statement), and potentially additional documents depending on the broker’s requirements. You will need to submit these documents through a secure channel, such as uploading them directly on the platform or sending them via email. Once the broker verifies your documents, they will notify you of the completion of the verification process. It’s important to note that the specific requirements and procedures may vary between brokers. So, it’s advisable to consult the broker’s website or contact their support team for detailed instructions.

Pros
  • Verification is mandatory.
Cons
  • Closed registration.

Trading Software

The platform itself remains obscure, with a lack of available information. There are no details provided about the platform’s features, functionality, or even screenshots to give users a glimpse of what to expect. Furthermore, the absence of a demo mode means that potential users are unable to test the platform before committing real funds. It deprives users of the opportunity to assess the platform’s user-friendliness and suitability for their trading needs.

Features GensMarkets A-Book Broker Sollari
Demo Account
Mobile App
Own Development

How Can I Trade With GensMarkets

As we were gearing up for our trading adventure with GensMarkets, we decided to take a peek into the broker’s trading conditions. After all, it’s always good to know what we’re getting into before taking the plunge. And boy, were we in for a surprise!

All Info About Accounts

GensMarkets offers a seemingly wide range of seven different account types, which might give the impression of flexibility and choice. However, upon closer inspection, it raises suspicions about the broker’s intentions and greediness. Take, for example, the Bronze account, which demands a hefty minimum deposit of 10,000 euros. One would naturally expect some exclusive privileges or exceptional features for such a substantial investment, right? Well, think again. GensMarkets offers nothing more than market analysis, access to e-books and webinars, and social trading, which are services that many other brokers provide with lower deposit requirements. So why does GensMarkets believe it stands out from the crowd?

However, wait, it gets even more astonishing. To open a Premium account with GensMarkets, brace yourself for a jaw-dropping one million euros deposit! Now, let’s be real here. It’s hard to imagine a financially savvy investor willingly entrusting such a massive amount of funds to a B-book model broker, especially when there are alternatives available for trading directly on the exchange with more reasonable requirements.

To add insult to injury, GensMarkets’ trading conditions fail to clearly describe essential details about the contract specifications, leaving traders in the dark about crucial information. It’s like being handed a map without any landmarks or directions. How can we navigate the trading waters when we don’t have a clear understanding of the terms and conditions?

So, while we had our bags packed and were ready for our trading journey with GensMarkets, their trading conditions made us pause and reconsider.

Pros
  • None
Cons
  • Unfavorable trading conditions.

Market Analysis and Education With Gensmarkets.com

When it comes to additional services like market analysis, access to webinars, and the like, let’s be real here. There are plenty of trading gurus and experts out there who can provide top-notch guidance and educational resources without demanding a million euros upfront. Paying such an exorbitant amount just to gain access to a group of anonymous pseudo-analysts who may or may not have the expertise they claim is simply unnecessary.

It’s not about the quantity of money you throw at GensMarkets, but the quality of the services and expertise you receive in return. So why should we break the bank and sacrifice our hard-earned funds for a questionable value proposition?

Deposit, Withdrawal, and Fees

GensMarkets offers a plethora of options to accommodate your needs. They provide a diverse range of deposit methods, catering to various preferences. From traditional and widely accepted credit cards and wire transfers to the convenience of electronic payment systems, they’ve got you covered.

Also, the broker offers the flexibility of contacting its managers, who will help you in finding the most suitable payment option for your individual circumstances.

Features GensMarkets All Capital Trade GoldNrise
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

When it comes to contacting GensMarkets, they do provide phone numbers and an address, but it’s hard to overlook the suspicion that the address they provide may be fictitious. It raises concerns about the transparency and legitimacy of the broker. Furthermore, based on reviews from traders, it seems that reaching their customer support can be a frustrating experience, particularly when it involves money-related matters.

Pros
  • Feedback form.
Cons
  • Fake legal address.

Is GensMarkets Dangerous?

Let’s cut to the chase, we have strong suspicions that GensMArkets is nothing more than a blatant scam. And if our previous arguments didn’t convince you, let’s dig deeper and investigate if this company has any legitimate authority to operate and handle your money.

How Long Does The Broker Work?

The huge red flag about GensMarkets is that their operating time is as limited as our enthusiasm for their services. Seriously, have you ever come across this broker before? Because we haven’t, and that’s saying something. It’s clear that they are relatively new to the scene, as their website sprouted into existence just a few months ago. According to the domain lookup service, the domain was registered on February 2, 2023. So, they might be rookies in the industry, and it’s questionable whether they have the experience and know-how to handle your financial affairs.

Domain info

How Is GensMarkets Regulated?

Let’s not stop there. We embarked on a quest for transparency, hoping to uncover more about the management company behind GensMarkets. Sadly, our search through all the documents yielded no information about the individuals or entities responsible for providing their services. However, we did find an office address in the UK listed as their contact information. Naturally, we dug deeper and checked the official registry of companies in the UK, only to come up empty-handed. No companies matching the name and address of GensMarkets were found. As if that weren’t enough, we even searched the registry of the Financial Conduct Authority (FCA), the regulatory body overseeing financial services in the UK, and guess what? No trace of GensMarkets. It seems they are operating in the shadows, flouting regulations and potentially engaging in illegal activities.

Legal data check

Features GensMarkets TradeVtech  Squire’s Finance Limited
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With GensMarkets?

To trade with GensMarkets, you'll need a promotional code, which seems to be an elusive enigma. Unfortunately, how to obtain this code remains a mystery as it's not clearly stated on their website.

Is GensMarkets Legit?

In short, GensMarkets is far from being a legitimate company. In fact, it appears to be a complete fabrication.

How Risky Is It?

To put it plainly, trading with GensMarkets is an exceptionally risky endeavor. In reality, GensMarkets isn't even a legitimate company, but rather an anonymous website with questionable motives.
Kevin Berry
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Expert Opinion

Hmm… I mean, seriously, who are these people hiding behind their virtual curtain? Are they secretly planning a magician’s convention? In the trading realm, trust is like the holy grail. But when you can’t even uncover a single clue about the management company, it’s like trying to solve a Rubik’s Cube blindfolded. You’re left wondering, “Is this a legit operation or just a bunch of pranksters playing ‘guess who’ with my cash?”

So, my dear risk-takers, unless you fancy a wild goose chase with your investments, I’d advise you to steer clear of GensMarkets.

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GensMarkets rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about GensMarkets

Mona May 18, 2023 - 15:02
Don't fall for their fancy promises of security and reliability.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Oh boy, let me tell you about my little adventure with this scammy circus. I fell for their sweet talk and decided to take the plunge with a $10,000 investment. But guess what? It turned out to be the biggest financial flop of my life. And here’s the kicker: I didn’t just make a regular bank transfer like a sensible person would. Oh no, I had to go all in and deposit through Bitcoin, thinking I was being all tech-savvy. Little did I know, this company was already blacklisted. Can you imagine my despair when the managers vanished into thin air and my money got trapped? It’s a cautionary tale for anyone who thinks they can outsmart these scammers.

Reply
James May 27, 2023 - 12:20
Blacklisted.
The level of trust

This unregulated broker is like a professional pickpocket, snatching your hard-earned money right from under your nose. No licenses, no regulations, just a one-way ticket to financial disappointment.

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