The world of online trading is not without its risks, but the lucrative opportunities often make it difficult to resist. In addition, the current economic conditions are prompting people to look for different ways to earn some extra income and the financial markets provide an excellent solution. You may not need a lot of education, years of experience, or copious amounts of money to start trading, but you do need a broker in order to kick off your trading career. They will be your partner in the journey and provide you the assets, tools, and other features you need for unlocking the potential of these markets.
Where do you find a broker? A Google search will work and you will end up with a list of names to explore. However, it is necessary to remember that not all of these choices may be legitimate and reliable. There are some shady platforms that exist as well and some scams have also been known to happen in this market. Hence, it pays to be cautious and not make a mistake that can set you back in the long run. When you come across Genesis11, you will certainly be wondering whether it is a legitimate option or not.
The only way you can find out is by assessing its features and offerings and then coming to a conclusion. Let’s check Genesis11 out:
It is AML and KYC Compliant
Two of the most well-known security policies in the world are referred to as AML (Anti-Money Laundering) and KYC (Know-Your-Customer. The purpose of these policies is to prevent the platform from being used for identity theft, money laundering, terrorist financing and financial fraud. If Genesis11 wasn’t legitimate, it wouldn’t be concerned about these illegal activities, so it is reassuring to know that it has chosen to follow proper procedures.
It Keeps Account Segregated
If a company is a scam, they would love to steal your money, which means they certainly wouldn’t offer you segregated accounts. This means that your money will not be kept in segregated accounts and will be mixed with the platform’s funds, so they can use it for their own purposes. Yet, Genesis11 keeps your money in segregated accounts and they are maintained with the top financial institutions for ensuring their security.
It Offers Excellent Customer Support
Another common indication of a shady firm is that they don’t give you a way to connect with them once you start facing problems. But, on Genesis11, you will discover that they have offered you different channels for customer support. Not only do they have an FAQ section where traders can find answers to any queries, but they can also speak to their representatives through various channels 24/6. They are accessible via live chat, phone and email as well.
It is Transparent About its Conditions
When you visit a broker’s website and don’t find any knowledge about the trading costs and fees you will have to incur, it should send up a red flag. With Genesis11, this is not something you need to be concerned about because they are quite transparent about their charges. They offer you excellent spreads and they also charge a commission, which is clearly mentioned on their website. It is a flat rate of $6.95, so you don’t have to worry about increasing costs. Apart from that, they don’t spring up any hidden fees on you like market data fee or inactive account fee. This is certainly appealing because it tells you what to expect in terms of costs and how much profits you get to take home.
Genesis11 has also added a simple registration procedure, a range of trading instruments, educational resources and advanced trading tools for their clients. They offer them easy payment methods to follow and don’t have any unnecessary or complicated requirements, thereby ensuring that you are signing up with a legitimate platform that can help you trade easily.