Introduction to Genesis11 Review:
The financial market is a plethora of opportunities for people to earn profits. For this very reason, the financial industry has been in the spotlight for ages. However, too much of anything good can invite bad and that is exactly what happened in the case of the financial industry. Hearing about all the cases of profits, scammers soon started to infiltrate the market. They created exact duplicates of regulated brokerage firms to fool the customers. They also started stealing the license of regulated firms and published them as theirs. Are you also worried about getting scammed by these fraudsters? We are here to help you out with daily reviews of scam brokers. We not only help you by identifying the scam brokers but also prepare you to identify one yourself. In today’s Genesis11 review, we will be revealing the red flags of the company. If you are here with the intention of knowing whether Genesis11 is a scam broker or a legitimate one, read the full review to find out.
Name: Genesis11
Website: Genesis11.com
Address: Austria (claimed)
Regulation: UNREGULATED
Leverage Offered: 1:100
Minimum Initial Deposit: $250
Rating: 1/5
About Genesis11:
FOUNDERS NAME NOT DISCLOSED
As weird as this might sound, Genesis11 does not reveal anything about themselves. The company fails to disclose crucial information such as the founders and the team working behind them. This raises a major red flag against the Genesis11 scam in this Genesis11 review. You must never trade with brokerage firms that do not disclose important information such as the name of the founder.
MINIMUM INITIAL DEPOSIT OFF THE CHARTS
Another alarming red flag against Genesis11 is the fact that Genesis11 demands a huge minimum initial deposit as compared to what is demanded by the regulated brokerage firms. The legitimate brokerage firm demands a minimum initial deposit below $10 and Genesis11 demands a minimum initial deposit of $250. This is a huge amount and is a big sign of scam in this Genesis11 review.
LACK OF REGULATION
The final red flag of this review is the most important one. To function in the financial market, you just need a license from the concerned authorities. Upon checking on the website, we found out that Genesis11 does not reveal anything about having a license or not. After conducting a little investigation outside the market, we got to know that Genesis11 is actually UNREGULATED and attempting to fool the customers by not revealing this fact. This is a huge red flag against the Genesis11 scam in this Genesis11.com review.
Conclusion: Is Genesis11 a scam broker or a legitimate one?
To sum up, all that has been stated above, we leave it upon you to decide whether Genesis11 is a scam broker or a legitimate one. However, we warn you to stay away from Genesis11 as it is a potential scam and an unregulated brokerage firm. If you have been scammed by Genesis11, we will help you out. Read TredoTech Review here.
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