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Trade Genics

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Operating status: SCAM

Website: https://tradegenics.co/

Broker violations and abnormal records
  • 2023-03-08 The Italian regulator CONSOB has ordered the black-out of Trade Genics

    On March 9, 2023, the Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of Trade Genics that offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-9-march-2023/718268

    On March 9, 2023, the Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of Trade Genics that offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-9-march-2023/718268
  • 2023-03-13 BrokersView has reviewed that Trade Genics is an unlicensed broker

    Trade Genics presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.

    Additionally, it should be noted that the Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of Trade Genics, believing this broker offers financial services illegally. The 

    Spanish National Securities Market Commission (CNMV) also added it to its warning list for the same reason.

    The truth is, Trade Genics is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Trade Genics presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.Additionally, it should be noted that the Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of Trade Genics, believing this broker offers financial services illegally. The Spanish National Securities Market Commission (CNMV) also added it to its warning list for the same reason.The truth is, Trade Genics is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2023-04-02 The Spanish regulator CNMV added Trade Genics in warning list

    The Spanish National Securities Market Commission (CNMV) added Trade Genics to its warning list on April 3, 2023 for engaging in financial activities without proper authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    The Spanish National Securities Market Commission (CNMV) added Trade Genics to its warning list on April 3, 2023 for engaging in financial activities without proper authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

Related Complaints

Q&A

Does the platform offer fixed spread?

AntonPavlovskyi
Luxembourg
2023-03-29
ANSWER Trade Genics is an unregulated broker even though it states offers that look too good to be true.Trade Genics presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Additionally, it should be noted that the Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of Trade Genics, believing this broker offers financial services illegally. You can check the full warning here.Regarding your question, we would suggest not trade with Trade Genics since it is an unlicensed broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would recommend staying away such unlicensed brokers as Trade Genics and trading with fully regulated brokers.
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