The platform is operated by LTD MMC Singular, a company located in an unknown jurisdiction. Despite this, the company claims to be “successfully operating worldwide”. In addition, the founding date of the project is unknown, but the minimal amount of information on the Internet clearly points us to the limited experience of this intermediary. Finally, the site lacks copies of licenses and links to regulatory registries.
Is this resource reliable? Is it safe to trade here? In our review of Genesis Capitals, we will take a closer look at their trading terms and conditions and the broker’s legal documents.
How to Trade
The firm specializes in CFD trading and provides 6 asset classes, including commodities and indices. The broker offers clients 4 account levels with the following options:
- Minimum deposit from $5,000.
- Bonus from 30% to 100%.
- Minimum spread from 1.5 pips.
The amounts of commissions and fees are not specified on the website. The basic level, which allows trading outside of the rates, requires users to make a minimum deposit of $250 (FAQ section).
The service offers customers the support of a personal manager with an introductory phone call. With the exception of emails, the lack of contact information makes the site less attractive to traders.
Genesis Capitals Vital Info
The intermediary positions itself as “the best crypto and forex broker providing the best platform” However, we were disappointed that it does not disclose the history of the project and does not show any documents with the date of establishment of the company. Judging by the domain, which was created at the end of May 2024, the platform has been operating since that time.
We wonder where the headquarters of this brokerage organization is located? We thoroughly checked the global registry and found a firm with the serial number 13748753 and a name similar to MMC Singular LTD in the listings of UK legal entities. However, this company ceased its operations and it never provided brokerage services, but was engaged in the advertising business. Are there any sane people who are ready to cooperate with such a dubious project?
I would like to say with joy that my experience with this broker was a success, but no, everything was exactly the opposite. Good conditions convinced me that Genesis capitals is actually a good project and I didn't have any suspicions of scam, because I am not very well versed in legal subtleties and never pay attention to the presence of regulation. I was eager to quickly register on genesis-capitals.com and start trading, with a very big desire, although I have not experienced so much. I planned to deposit a minimum of $250 so that I would not risk a large amount at once and not lose very much in case of my fiasco in the forex market. However, I got a call from my manager who strongly recommended me to "believe in myself" and open not a basic account, but a starter account from the tariff plans as a more advanced one. Naturally, the entry amount is higher there, so you now understand where Genesis capitals gets such caring support from. Meanwhile, the manager promised me a good bonus and I deposited $5,000. It turned out to be inconvenient to trade here, because the terminal works unstable and now I am beginning to realize that it is not the bad connection that is to blame, but the fact that it is clearly a manipulated platform, in which the broker adjusts the result of trades to itself. I did not expect such meanness, so when I lost the first $1,800 in a couple of minutes, I was confused and decided to stop this cooperation. You won't believe it, but this manager asked me to deposit more so that we could work out the bonus and make a profit together. I refused because I did not have the $2,000 requested by the manager, I had already deposited $5,000 in Genesis capitals, which was 20 times more than I had originally planned. Of course, the manager never contacted me again after my refusal and my account was immediately blocked. The turn of events came as a surprise to me and I don't know how to get my money back now. However, I will try to stop all traders who want to work with this scam project, I will do my best!
I invested more than 25 thousand US dollars here, thinking that this was my chance for a stable income. However, it turned out that all the conversations with the manager about the ease and availability of earning money on forex were a scam :( When I tried to withdraw some of the money, the crooks assured me that they will return everything within a few days, but after I work off the bonus. This is impossible to do, as the conditions are initially unrealizable. I started demanding a refund and the managers stopped replying to me.
This is the worst platform I have ever seen. I do not know what schoolboy made this trading terminal, but I can say that the managers know their job perfectly. They know how to persuade and you believe everything they promise you. You start to realize that you are being cheated only after a week of trading with Genesis capitals. The terminal will not listen to you, I tried all week to somehow adapt to its unstable work, but no, mission impossible. Orders are opened at will by the broker and closed arbitrarily, it's just a pity that it's not the way I wanted. I did not open most of the trades that were reflected in my history. I clarified this issue with the manager, he directed me to the support, where the operator said that I should deal with the specialists. They chased me around in circles, but no one ever provided a solution. I drained more than 3,200 dollars on such fake trades. Functionality is scarce on all accounts, trading conditions are also limited. I wanted to withdraw the balance, there was about 1,800 dollars, but the broker did not allow me, literally. Genesis capitals staff told me that I needed to first make a certain number of trades to turn the funds around, after which they could approve the withdrawal. In fact, it was again a vicious circle that I could not get out of. I declined such an offer, and resigned myself to the fact that I would not get my money back.
I consulted with the employees of this company about choosing a tariff. They suggested me to open a minimum basic account so that I could get used to the platform, work out a strategy and not lose my deposit in a couple of days. Thanks to the manager for overseeing my first crypto trades, although he shouldn't have done it. Genesis Capitals has loyalty towards traders with little experience. They have provided me with a lot of materials to learn, and they always tell me what to do and how to do it better. I went from 2% income per month to 4-5%. And this happened in a short period, as I learned about the project not so long ago. Let's assume that competitors have a great desire to somehow ruin the reputation of this broker, find a bunch of mistakes in its work and devalue all its efforts. In that case, they will not be able to do it, because everything on the platform is of high quality. For all the time that I have been trading here, I have not had any big complaints, and I hope that I will not have any more. I earn good money also thanks to the leverage, not only due to the correct advice of managers. I do not worry about losing funds, as they are not inside the company, and Genesis Capitals, in turn, gives reliable guarantees of safety of clients' investments. Operators respond to queries quickly, I have never had to wait longer than 30 minutes. The staff do their job well, you can always turn to them for advice or help. From the minuses - a little delayed withdrawal of money, although after I began to use the crypto wallet, I began to receive funds almost instantly. I believe that you can trust your money to this broker as its team is highly professional.
Hi. I apologize for my intemperance, but what I saw on genesis-capitals.com made me write this review. I believe that the site is the face of the company, its development speaks of the company's approach to work - how well the site is made, so reliable is this firm. The nightmare that is GENESIS CAPITALS tells us that it is a SCAM! First, the site is heavy, it takes a very long time to load and not all icons are displayed on the screen. Secondly, a lot of "garbage" pops up at once, i.e. information that nobody needs at all, and it is placed here for the purpose of impressing you to look at what large sums are invested by pseudo investors. You will find in the FAQ section that you can start trading with $250, scammers love this kind of deposit, this is the kind of money they steal from naive beginners. Thirdly, there are no clear trading conditions anywhere. And this is a company that works all over the world and has a good reputation!!!? This is ridiculous :) I think that Genesis Caritals came on the market a couple months ago. The domain is fresh, the owner is hidden, and the owner is clearly one person and not a legal entity. So, I advise you to study the site, read expert reviews before you give your money to crooks. As an experienced trader, I strongly advise you not to deal with this dump.