Introduction
The forex market is full of scams and it can be hard to find a broker that you can trust. In this Genesis-mining.com review, we will take a look at this broker to see if they are legit or if they are just another scam.
The Company
If you’re thinking about investing in forex, you may have come across the website Genesis-mining.com. But is this broker legit or a scam? In this review, we’ll take a look at the company, its services, and what other people are saying about it to help you decide if it’s right for you.
Genesis-mining.com is a forex broker that offers online trading in foreign currency pairs, CFDs, and precious metals. The company is headquartered in Tallinn, Estonia and is regulated by the Estonian Financial Supervision Authority (EFSA).
The broker offers three account types: Standard, Gold, and VIP. Standard accounts have a minimum deposit of $250 and trade on floating spreads from 1.2 pips. Gold accounts have a minimum deposit of $25,000 and trade on spreads from 0.8 pips. VIP accounts have a minimum deposit of $100,000 and trade on spreads from 0 pips. All account types offer leverage of up to 1:500 and margin call/stop out levels of 20%/10%.
The company provides its clients with the MetaTrader 4 (MT4) platform for desktop, web, and mobile trading. The MT4 platform is one of the most popular among forex traders because it’s user-friendly and packed with features like market analysis tools, automated trading robots, and custom indicators.
In terms of customer support, Genesis-mining.
The Products
There are a lot of products available on the Genesis-mining.com website. Some of them are:
1) Bitcoin Mining Contracts: These are the contracts that enable users to mine bitcoins. There are different types of contracts offered, and users can choose the one that best suits their needs.
2) Ethereum Mining Contracts: These contracts allow users to mine ethereum, which is another cryptocurrency. Again, there are different types of contracts offered, so users can choose the one that best suits their needs.
3) Dash Mining Contracts: These contracts enable users to mine dash, which is yet another cryptocurrency. As with the other mining contracts, there are different types offered, so users can choose the one that best suits their needs.
4) Litecoin Mining Contracts: These contracts allow users to mine litecoin, which is yet another cryptocurrency. As with the other mining contracts, there are different types offered, so users can choose the one that best suits their needs.
The products offered by Genesis-mining.com seem to be legitimate and not a scam. The website is easy to navigate and provides a lot of information about each product. There is also a live chat option available for those who have questions or need assistance with anything. Overall, it seems like a reputable company that offers a variety of products for those interested in mining cryptocurrencies
The Fees
The fees charged by Genesis Mining are very reasonable, especially when compared to other forex brokers. For example, the minimum deposit is only $10, and the maximum leverage is 1:500. There are also no hidden fees or commissions. The only thing that I didn’t like about the fees is that there is a $2.99 withdrawal fee.
The Pros and Cons
When it comes to forex trading, there are a lot of different ways to skin the proverbial cat. Some people like to go with the big, well-known brokerages, while others prefer the smaller, independent entities. There are pros and cons to both approaches, and it really depends on the individual trader’s needs and preferences.
For example, big brokerages typically offer more in the way of resources and support. They also tend to be more regulated, which can give some traders a sense of security. On the other hand, small brokerages may offer lower fees and commissions, as well as more personalized service.
So, what about Genesis-mining.com? Is it a legit or scam forex broker? Let’s take a look at the pros and cons:
Pros:
-Offers a variety of different account types to suit different traders’ needs
-Leverage is available up to 1:200
-Minimum deposit is only $100
-Has been in business since 2014
The Bottom Line
When looking for a Forex broker, it is important to do your research and make sure that the broker you are considering is legitimate. There are many scams out there, and you don’t want to fall victim to one.
The bottom line is that Genesis-mining.com is a legit Forex broker. They are regulated by the Financial Conduct Authority (FCA), and they offer a variety of account types and investment options. They also have a good reputation in the industry, and they have been around for several years.