Igenuis Trade is a forex broker offering trading in forex, indices, cryptocurrencies, commodities, stocks, energy, and CFDs. The platform registered and launched its domain on September 16, 2024, with the website domain igenuistrade.live.
Trading Platform
The broker's official website claims to offer two trading platforms, namely MetaTrader 4 and TradingView.
- MetaTrader 4: Available for download on iOS and Android. While it can be downloaded on iOS via the App Store, it cannot be directly downloaded from the Google Play Store on Android.
- TradingView: Although the official site claims to offer TradingView as a trading tool, the iOS download link is only available for MetaTrader 4, and the Android download link is inaccessible.
Regulation Status
The broker claims to be regulated by the Australian Securities and Investments Commission (ASIC) on its website. However, searches on the Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA) in the UK, and the National Futures Association (NFA) in the US have found no information on Igenuis Trade. This suggests that the platform lacks proper regulation, and investors should be cautious, ensuring they understand potential risks.
Account Types
The platform offers three main types of accounts to cater to different investors' needs.
- Starter Account: Minimum expected deposit is £500, with minimum and maximum expected profits of £3,500 and £5,000, respectively.
- Classic Account: Minimum expected profit is £5,000, with expected profits ranging from £45,000 to £50,000.
- Platinum Account: Minimum deposit is £10,000, with minimum expected profit of £99,999.
Additionally, the platform offers leverage up to 1:500 and commissions starting at 0.08%. These account types cater to investors with varying risk tolerances and capital levels.
Educational Resources
The platform provides some basic educational resources to help investors understand forex trading and other market dynamics. This includes:
- Beginner Courses: Introducing the basic concepts of trading and information about the forex market.
- Stock and CFDs: Exploring CFD trading and understanding its market intricacies and dynamics.
- Trading Tools, Video Tutorials, E-books, and Glossaries: Providing investors with additional learning materials to master trading techniques and enhance market understanding.
Deposit and Withdrawal Methods
The platform offers several deposit and withdrawal methods, including:
- Credit/Debit Card and Bank Wire Transfer: No fees charged.
- Bitcoin: Minimum deposit is £50. While the platform does not charge extra fees, a standard network fee of 0.0005 BTC is applied when funding through the blockchain network.
Website Traffic and Brand Exposure
According to Semrush data, the platform receives fewer than 10 visits per month, indicating low online exposure and almost no user engagement with the platform. There is little to no associated content or news coverage available online.
Website Template
It is noteworthy that the Igenuis Trade website (igenuistrade.live) uses a design template similar to that of several scam companies, such as investmentco.live and fairtradeopts.live. These sites share similar design styles and structures and are often mass-produced, commonly found among platforms considered unreliable.
Customer Reviews
There are virtually no user reviews available online for Igenuis Trade. This makes it difficult to verify the platform’s reliability and for potential users to gauge the experiences of other investors.
Employee Information
No employee information for Igenuis Trade is available online, suggesting a lack of transparency and an inability to confirm the specifics of its operational team and management.
Contact Information
The platform provides the following contact information:
- Email: [email protected]
- 24/7 Online Customer Support: Offers online customer support but does not provide a phone number, requiring users to seek help through email or contact forms.
- Address: Wenlock Road 20-22N1 7GU London, United Kingdom. Note that this address is used by multiple platforms considered unreliable or scam-related.
Risk Warning
Although Igenuis Trade offers a variety of financial products and services, it is important to be cautious as it lacks proper regulation and uses a website template similar to several scam sites. Investors should be vigilant, fully understanding the platform's services, market risks, and making decisions based on their own risk tolerance.
