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Contract reading

What GENETRADE legally published, but does not want you to read

Every clause below is published by GENETRADE itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Genius Trading Ltd

sole discretionhidden feeprofit voidingwithdrawalsdeemed acceptanceclient moneyforum waiverjoint liabilityunilateral amendmentaccount closure

GENETRADE is Genius Trading Ltd, registered in Belize. Its English footer says it does not solicit citizens of Japan, while its Japanese pages sell a yen bonus to new Japanese clients. The deposit page promises segregated accounts, and clause 7 lets the firm commingle your money and pledge it for a loan to itself. Any withdrawal request deletes every bonus credit, approved or refused. You then get three business days to complain before your silence counts as consent.

Back to GENETRADE

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
23
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
18
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
12

How the 23 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning13
Notice2

section 67 of 70is where the deepest clause sits, 96% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical20%Bonus requirement. Jump to the clause this comes from.One withdrawal request deletes every bonus creditCritical3%In the contract. Jump to the clause this comes from.Negative balance protection promised, deficit liability contractedCritical2 working daysWithdrawal limit. Jump to the clause this comes from.Withdrawals can be delayed, limited or priced at willCritical3 working daysTime to complain. Jump to the clause this comes from.Three business days to complain, then consent is assumed

What the documents say

23 clauses worth knowing about, worst first, each quoted from GENETRADE's own files

01

GENETRADE tells English readers it does not solicit citizens of Japan, South Korea or Thailand. The same footer sentence in Japanese names only the United States, Europe and sanctioned countries. The Japanese pages then offer you a yen bonus for opening a real account.

Why this matters

If you are in Japan, the firm has written down that it does not solicit you. That sentence becomes its answer when you ask anyone for help later. You will not find it on the Japanese pages that sold you the account.

Exhibit 1CriticalRarely seen

Restricted Regions: Genius Trading LTD does not solicit citizens of certain jurisdictions, such as South Korea, Japan, Thailand, and others. Furthermore, the company does not provide services to citizens of the United States of America, Europe and Sanctioned Countries.
Quoted in Complaint Handling Procedures, Footer, Restricted Regions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Japanese no deposit bonus page, headlineVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause Footer, Restricted RegionsVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Japanese footer, restricted regions line, on every Japanese pageVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause Footer, Restricted RegionsVisit this page on the broker's siteDownload the full size image file

Buried at section 67 of 70 in the Complaint Handling Procedures, 96% of the way through.

  • Worse together with Exhibit 20A client the firm says it never solicited has to bring any claim in Belize City within a year.
  • Worse together with Exhibit 4The bonus that brings a Japanese client in is the same bonus that one withdrawal request deletes.
02

The deposit page tells you all client funds sit in segregated accounts at leading banks. Clause 7 of the Terms lets GENETRADE commingle your money and pledge it as collateral for a loan to itself. No legal document here promises segregation at all.

Why this matters

Money that has been commingled is money nobody can hand back to you as yours. You would be an ordinary creditor of a Belize company, and the risk disclosure already says you must look only to GeneTrade for the return of your collateral.

Exhibit 2CriticalHarder than usual

All client funds are held in segregated accounts across a diverse range of global leading banks, ensuring safety, security and peace of mind to all investors.
Quoted in Account Funding, Account Funding, opening
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Account Funding page, opening paragraphVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause 7Visit this page on the broker's siteDownload the full size image file

Where it sits: section 38 of 107 in the Account Funding, 36% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in segregated client accounts and may not use it in their own business. This contract takes the opposite power: it lets the firm commingle client collateral and pledge it for a loan to itself.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 14The firm that may lend out your collateral is also the counterparty that profits when your trade loses.
  • Worse together with Exhibit 22No document names a compensation scheme, so there is nothing behind the money the firm may pledge.
03

GENETRADE can declare all your trades and all your profit invalid on suspicion alone. Clause 5 names arbitrage, scalping, misuse and any pattern it reads as chasing gains without market risk. Its decision is final and it will not correspond with you about it.

Why this matters

Your deposit comes back minus the deposit and withdrawal fees, and everything you earned above it is cancelled. You cannot argue the point, because the contract says no correspondence will be entered into.

Exhibit 3CriticalHarder than usual

If GENETRADE suspects any type of arbitrage (and also obtaining gains risk free), misuse (and concluding from the trading activities of any involved participant that they prioritise financial gains by avoiding getting exposed to market trading risks), inner equivocation with the help of other entities, exploitation of our “no negative balance” rule, scam, cash-back arbitrage or other types of malicious doings, then the all gains, losses, and transactions experienced would be nullified.
Clause 5 in Terms And Conditions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026Suspicion alone voids every gain, with no appeal (clause 5)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 33 of 107 in the Terms And Conditions, 31% of the way through.

  • Worse together with Exhibit 8The same power reaches every account the firm decides is related to yours.
  • Worse together with Exhibit 9Software the firm calls artificial intelligence is one of the triggers for voiding what you earned.
04

A 20% deposit bonus is advertised across the site, with the promise that you can withdraw all your profits. Ask to withdraw any amount and GENETRADE removes every credit it has given you. The Japanese bonus page says this happens whether your request is approved or refused.

Why this matters

The firm's own example is blunt: 5,000 yen of bonus and 20,000 yen of profit show as 25,000 yen, and a request for 1,000 yen leaves 19,000 yen. You pay for asking, even when the answer is no.

Exhibit 4CriticalRarely seen20%

Furthermore, all credits added to the Clients Account till date will immediately be removed upon any Withdrawal Request.
Quoted in Funds Withdrawals, Withdrawal Policy
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Japanese withdrawals page, closing paragraph, where the page endsVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause Withdrawal PolicyVisit this page on the broker's siteDownload the full size image file

Buried at section 95 of 107 in the Funds Withdrawals, 89% of the way through.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
2 standard lots tradedProfit made with the no deposit bonus becomes withdrawable.利用条件
Each trade held 5 minutesA trade closed sooner does not count towards the two lot requirement.利用条件
Any withdrawal requestEvery bonus granted so far is deducted from your balance at once, approved or refused.利用条件
  • Worse together with Exhibit 6The firm can refuse the request and keep the deduction, because the bonus goes either way.
  • Worse together with Exhibit 8A matching IP address disqualifies you from the bonus and closes every account linked to yours.
05

The Trading Conditions page lists negative balance protection as a feature, and the Japanese page calls it a zero cut system. Clause 9 makes you liable for a deficit balance when it comes from a weekend or holiday gap. That is the one moment a retail account actually goes negative.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A gap over a weekend can leave you owing GENETRADE more than you ever deposited. The contract then adds its collection costs, its lawyers' fees and interest at 3 percentage points above its own bank's prime rate.

Exhibit 5CriticalHarder than usual3%

Negative balance protection
Quoted in Trading Conditions, High Leverage, High Opportunity
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Trading Conditions page, feature list under High Leverage, High OpportunityVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause 9Visit this page on the broker's siteDownload the full size image file

Where it sits: section 40 of 107 in the Trading Conditions, 37% of the way through.

Set against a regulated standard: ESMA (EU), FCA (UK), ASIC (Australia)

Firms licensed under ESMA rules, by the FCA or by ASIC must give retail clients negative balance protection, so a client cannot lose more than the account holds. GENETRADE advertises the protection as a feature and then makes you liable for a weekend or holiday deficit.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 15Leverage up to 1:1000 with no margin call is what turns a weekend gap into a debt.
06

GENETRADE reserves the right to impose withdrawal limits and withdrawal fees in its systems at any time. Clause 11 lets it decline your request, or hold it while it is not satisfied with the documents you sent. Nothing sets an outer limit on that hold.

Why this matters

The withdrawals page promises 24 working hours, clause 11 says one Business Day, and the trading policies require a minimum of two Business Days. Every one of those clocks starts only after the firm has approved your request.

Exhibit 6CriticalHarder than usual2 working days

We reserve the right to impose withdrawal limits and withdrawal fees in our systems, at any time.
Clause 11 in Terms And Conditions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026Withdrawals can be delayed, limited or priced at will (clause 11)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 46 of 107 in the Terms And Conditions, 43% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must return retail client money promptly on request and must disclose the cost of doing so before you trade. This contract keeps the right to add withdrawal limits and withdrawal fees at any time.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Only applies after Exhibit 13The hold runs on documents, so the paperwork clause is what keeps the money in place.
  • Worse together with Exhibit 12Once the firm picks the method and the currency, it also disclaims the rate it pays you at.

Suspicion is enough for GENETRADE to cancel what you earned

Three clauses let GENETRADE void your profit without proving anything. Clause 5 nullifies all gains where it suspects arbitrage, abuse or misuse, and its decision is final with no correspondence. A matching IP address is enough to make two clients Related Parties, void both sets of profit and close every linked account.

Profit voiding2 clauses flagged

GENETRADE treats clients as Related Parties when their registration or trading data matches, including an IP address. It then disqualifies them, voids their profits and losses, and closes every related account.

In plain words

Jointly and severally liable means each person can be made to pay the whole amount alone. If the broker treats two accounts as linked, it can ask either holder for all of it, not half each.

Why this matters

A home connection, an office or a mobile network gives several people the same address. If the firm links your account to somebody else's, your profit goes when theirs goes and your account closes with theirs.

Exhibit 8CriticalRarely seen

Participants who are family members and/or with registration information and/or trading data that matches other Participants’ data, including but not limited to IP Address, are considered to be Related Parties and will immediately be disqualified, nullifying any Profits or Losses, and resulting to the Closure of all related Accounts.
Clause Trading Policies and Procedures, 9 in Terms And Conditions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026A matching IP address voids profit across accounts (clause Trading Policies and Procedures, 9)Visit this page on the broker's siteDownload the full size image file

Buried at section 96 of 107 in the Terms And Conditions, 90% of the way through.

  • Worse together with Exhibit 3The firm decides both that you are related and that the trading was abusive, with no appeal from either call.

The Terms ban any software GENETRADE finds applies artificial intelligence to its platform. If it decides you used some, it can close your account, take every profit made with it and add charges on top. GENETRADE alone decides what counts.

Why this matters

The same firm advertises a free VPS as perfect for traders who use Expert Advisors. An Expert Advisor is automated software, and nothing in the contract tells you where automation ends and artificial intelligence begins.

Exhibit 9WarningRarely seen

We disallow the use of a software that is found to apply any kind of artificial intelligence to our Online Trading Facility and/or our computer systems for the sole reason to obtain an upper hand and reap the benefits of our trading facility
Clause 5 in Terms And Conditions
Read from the broker's site on Open the reference

Where it sits: section 32 of 107 in the Terms And Conditions, 30% of the way through.

Three business days, counted from the event, and then silence is consent

GENETRADE gives you three business days to complain in writing, and 24 hours for an error on a statement. Both clocks start when the event happens, not when you notice it. Miss them and the policy treats you as having ratified everything the firm did, and confirmations become conclusive two business days after they are sent.

Complaint deadlines2 clauses flagged

You get three business days to complain in writing, counted from the day the event happened, and 24 hours for an error on a statement. Miss either deadline and the policy treats your silence as agreement to everything GENETRADE did.

Why this matters

The clock runs from the event, not from the day you notice it. A trade you query a week later is already closed to you. The Japanese translation of this rule is garbled, so it warns nobody.

Exhibit 7CriticalHarder than usual3 working days

All other complaints must be reported to us, in writing, within three (3) business days from the occurrence of the event that gives rise to your complaint (for the purposes hereof, unless the context requires otherwise, “business days” are Monday through Friday, excluding bank holidays in Belize).
Quoted in Complaint Handling Procedures, Section: When To Make a Complaint
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026Three business days to complain, then consent is assumedVisit this page on the broker's siteDownload the full size image file

Where it sits: section 27 of 70 in the Complaint Handling Procedures, 39% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA have to accept a complaint for years after the event and must point the client to an independent ombudsman. CySEC firms must acknowledge within five business days and answer within two months. This policy gives you three business days before your silence counts as consent.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 19Statements count as received whether you open them or not, and the complaint clock starts anyway.

Order confirmations and account statements are deemed correct and binding two business days after they are sent, or at once for orders confirmed online. A statement counts as received when GENETRADE makes it available, whether you opened it or not.

Why this matters

Notices the firm sends are effective when it sends them, received or not. Notices you send are not effective until the firm accepts them. A missed email is entirely your problem.

Exhibit 19WarningHarder than usual2 working days

Reports of the confirmation of orders and statements of accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer the sooner of: (x) two (2) Business Days after transmittal to Customer by posted mail or (y) immediately with respect to Orders confirmed via the GENETRADE Online Trading System.
Clause 15 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 64 of 107 in the Terms And Conditions, 60% of the way through.

GENETRADE can add a fee at any time and tell you afterwards

Clause 10 reserves GENETRADE the right to change its fee structure at any time without notice, and the trading policies debit all banking fees to your account at the firm's discretion. The promotions page says all transfer fees are covered, while the deposit page charges 2% on a Skrill deposit. Whoever introduced you can also add pips to your spread and a per lot commission.

Cost disclosure3 clauses flagged

GENETRADE charges no brokerage fee today and reserves the right to change its fee structure at any time without notice. The trading policies put all banking fees on your account at the firm's discretion. Nothing obliges it to tell you first.

Why this matters

A fee introduced this way reaches your balance before it reaches your inbox. The promotions page says all transfer fees are covered, while the deposit page charges 2% on a Skrill deposit.

Exhibit 10WarningHarder than usual2%

At this time GENETRADE charges no brokerage fees. GENETRADE is compensated for its services through the bid/ask spread and/or commissions. GENETRADE may charge for incidental banking related fees such as wire charges for deposits/withdrawals and returned check fees.
Clause 10 in Terms And Conditions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Promotions page, Zero Fees on DepositsVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause Trading Policies and Procedures, 3Visit this page on the broker's siteDownload the full size image file

Where it sits: section 42 of 107 in the Terms And Conditions, 39% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before they trade. This contract reserves the right to change the fee structure without notice and to debit bank fees whenever the firm chooses.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Clause 4 allows extra pips to be added to the prices you see, at the direction of whoever introduced you, plus a per trade or per lot commission. The public pages advertise spreads as low as 1 pip and no commissions.

Why this matters

The markup is set by a third party, and no cap on it appears anywhere in the document set. You pay it inside the price on every trade, so no line on any statement ever shows it.

Exhibit 11WarningHarder than usual

In addition, these Bid and/ or Ask Prices may reflect, at the direction of any Introducing Broker, additional pips added to the BID and/or ASK price that may result in an increase of the dealable spread available for the Customer’s account as well as a per trade or per lot commission and/or fees.
Clause 4 in Terms And Conditions
Read from the broker's site on Open the reference

Where it sits: section 26 of 107 in the Terms And Conditions, near the start.

If GENETRADE cannot return money the way it came, it may pay you by a method it chooses, in any currency it deems fit. It takes no responsibility for the exchange rate or for the receiving bank's charges. You also agree to pay the transfer fees.

Why this matters

A conversion you did not ask for, at a rate nobody has to show you, is a cost taken straight out of the amount you receive. The risk disclosure lets the firm set that rate in its sole discretion.

Exhibit 12WarningHarder than usual

If we are unable to remit the funds, or any partial amount thereof, to the same remitter from, and by the same payment method through which such funds were initially received by us, we reserve the right (but shall under no circumstances be obliged) to transmit the funds via an alternative payment method selected by us, at our sole discretion, in any currency we deem fit (regardless of the currency in which the initial deposit was made).
Clause 11 in Terms And Conditions
Read from the broker's site on Open the reference

Where it sits: section 45 of 107 in the Terms And Conditions, 42% of the way through.

GENETRADE can change the deal, move your money and close the account first

Clause 22 binds you to an amendment ten days after it is posted, or sooner if you place any order. GENETRADE can end the agreement the same day it writes to you, while your own exit needs its acceptance. It can also move funds between your accounts without asking and change margin on 1:1000 leverage without notice.

Unilateral control4 clauses flagged

GENETRADE advertises leverage up to 1:1000. Its trading policies let it change margin requirements at any time in its sole discretion, without prior notice. It does not make margin calls in the ordinary course of business and may liquidate your positions whenever the minimum is not met.

Why this matters

A margin change you were never told about can put your open positions under water the same day. The firm keeps the right to close them and no duty to, so the loss can run further before anything happens.

Exhibit 15WarningHarder than usual1000

Margin requirements are subject to change at any time in GENETRADE’s sole discretion and without prior notice.
Clause Trading Policies and Procedures, 4 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 87 of 107 in the Terms And Conditions, 81% of the way through.

  • Worse together with Exhibit 5High leverage with no margin call is what produces the weekend deficit the contract then charges you for.

Clause 1 says the agreement can change without prior notice, by posting a revised version on the website. Clause 22 binds you ten days after that posting, or sooner if you place any order that is not a liquidating order.

Why this matters

Nobody has to email you. One trade placed after a change you never saw counts as acceptance of it. If you object, your only route is to close everything and leave within ten business days.

Exhibit 16WarningHarder than usual10 days

This Agreement is subject to change by the Company without prior notice, by posting of the revised Contests Agreement on the Company’s website.
Clause 1 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 71 of 107 in the Terms And Conditions, 66% of the way through.

GENETRADE may terminate the agreement at any time in its sole discretion, effective at the close of business on the day it sends notice. To leave, you need no open positions, no liabilities, three days' written notice, and the firm's acceptance of that notice.

Why this matters

Your exit depends on GENETRADE accepting your notice, while its exit depends on nothing. Either way, any deficit on the account survives the termination.

Exhibit 17WarningHarder than usual

GENETRADE may, in its sole discretion, terminate this Agreement at any time, effective as of the close of business on the day notice is sent to Customer.
Clause 23 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 72 of 107 in the Terms And Conditions, 67% of the way through.

Clause 29 lets GENETRADE transfer currencies, securities or other property from any of your accounts to another at its sole discretion, including accounts you hold at other financial institutions. Clause 6 lets it withdraw funds from your account without notice.

Why this matters

Money you left in one place to hold one position can be moved to cover something else. The first you hear of it is a statement that counts as received whether you open it or not.

Exhibit 18WarningHarder than usual

Customer hereby agrees that GENETRADE may at any time and from time to time, in the sole discretion of GENETRADE, apply and transfer from any of Customer’s accounts with GENETRADE to any of Customer’s other accounts, whether held at GENETRADE or other approved financial institutions, any of the Contracts, currencies, securities or other property of Customer held either individually or jointly with others to another account.
Clause 29 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 79 of 107 in the Terms And Conditions, 74% of the way through.

  • Same clause as Exhibit 2The same collateral block that allows commingling also allows the set off between your accounts.

A claim against GENETRADE belongs in Belize City, within one year

Clause 27 puts every dispute in the exclusive jurisdiction of the courts in Belize City and waives any objection that the forum is inconvenient. A claim has to be started within one year of the cause arising. The complaints policy says disputes must be dealt with in Belize, and its last step points to a body it calls the ISSC.

Where you sue1 clause flagged

Clause 27 puts every dispute in the exclusive jurisdiction of the courts in Belize City, and you waive any argument that the forum is inconvenient. Any claim has to be started within one year of the cause arising.

Why this matters

A claim worth a few thousand dollars is not worth a trip to Belize City, and the contract is written in that knowledge. Your right to sue ends a year after the event, and the complaints policy's last step points you to a body it calls the ISSC.

Exhibit 20WarningHarder than usual

(iii) waives any objection which it may have at any time to the laying of venue of any Proceeding brought in any such court, waives any claim that such Proceeding have been brought in an inconvenient forum, (iv) agrees that the Proceeding shall be commenced within one (1) year after the cause of any such Proceeding shall have arisen
Clause 27 in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 77 of 107 in the Terms And Conditions, 72% of the way through.

The document list that controls your payout has no end to it

GENETRADE pays no withdrawal until proof of identity and proof of residency are uploaded, and clause 11 lets it ask for further documents before processing any request. It can delay the request while it is not satisfied with what you sent. The data you hand over may then be shared with joint marketers outside the firm.

Paperwork gates2 clauses flagged

The withdrawals page says only clients who have uploaded proof of identity and proof of residency may withdraw. Clause 11 lets GENETRADE ask for further documents before it processes a request, and delay the request while it is not satisfied.

Why this matters

A document list that is never fixed can keep growing until you give up. The day you ask for your money is the day you find out what is missing.

Exhibit 13WarningHarder than usual

Clients who have validated their Trading Account by uploading their supporting documents
Quoted in Funds Withdrawals, Funds Withdrawals, opening
Read from the broker's site on Open the reference

Where it sits: section 43 of 107 in the Funds Withdrawals, 40% of the way through.

The privacy policy lets GENETRADE share your name, address and account information with third party service providers and joint marketers who are not part of the firm. The complaints policy says the firm complies with a European data directive from 1995.

Why this matters

That directive was replaced in 2018, so the only data rule the firm names has not been in force for years. No retention period, no deletion right and no way to refuse the marketing sharing appears anywhere.

Exhibit 21NoticeHarder than usual

In order to support the financial products and services we provide to you, we may share the personal information described above with third party service providers and joint marketers, not affiliated with us, including:
Quoted in Privacy Policy, Sharing Information
Read from the broker's site on Open the reference

Where it sits: section 14 of 26 in the Privacy Policy, 54% of the way through.

GENETRADE quotes your price, takes the other side, and may pledge your collateral

Clause 7 of the GENETRADE Terms allows the firm to commingle your money and pledge it as collateral for a loan to itself, while the deposit page promises segregated accounts at leading banks. The firm's own risk disclosure says it may make more money if the market goes against you, and that its prices might not be the best available. No execution policy is published anywhere.

Both sides of the trade1 clause flagged

GENETRADE is the market maker on your trades. Its own disclosure says it may make more money if the market goes against you, and that the prices it offers might not be the best available. The account types page says you trade with no interference from a dealing desk.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

The firm that quotes your price, values your position and decides your margin is also the firm that gains when you lose. Clause 5 lets it move an account off streaming quotes and require its own approval for every later order.

Exhibit 14WarningStandard wording

AS A MARKET MAKER, GENETRADE IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, GENETRADE’S INTERESTS MAY BE IN CONFLICT WITH YOURS.
Clause Secondary Risk Disclosure in Terms And Conditions
Read from the broker's site on Open the reference
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Account types page, feature listVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause 5Visit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026The claim, on Trading Conditions page, execution claimsVisit this page on the broker's siteDownload the full size image file
Our own capture of genetrade.com, taken on Oct 9, 2026What the contract says, clause 4Visit this page on the broker's siteDownload the full size image file

Buried at section 92 of 107 in the Terms And Conditions, 86% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must publish an order execution policy and must show retail clients how they manage conflicts of interest. GENETRADE advertises a Best Execution policy and publishes no execution policy document at all.

GENETRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Genius Trading Ltd states its licence number two different ways

The English GENETRADE pages give licence number 6858604 from the Belize Financial Services Commission, and the Japanese pages give 270/30. The company registration number also changed, from 150.338 to 5635. Four legal documents are published, and none of them names a compensation scheme or promises that client money is segregated.

Who you contract with2 clauses flagged

The English pages say Genius Trading Ltd holds licence number 6858604 from the Financial Services Commission. The Japanese pages, live today, say licence number 270/30. The firm's own footers give two different registered addresses in Belize City.

Why this matters

You cannot check a licence that the firm states two ways. Its company registration number also changed, from 150.338 to 5635, and the Japanese pages still carry the old licence number.

Exhibit 22WarningHarder than usualNew

This Agreement sets forth the terms and conditions governing your Account at Genius Trading Ltd, (“GENETRADE”), a Belize registered company under company number 5635 (28 Regent Street, Belize City, Belize.), regulated by the Financial Services Commission (FSC) under License Number 6858604.
Clause Opening paragraph in Terms And Conditions
Read from the broker's site on Open the reference

Buried at section 102 of 107 in the Terms And Conditions, 95% of the way through.

  • Worse together with Exhibit 20The entity you would have to sue in Belize City is the one whose licence number its own pages cannot agree on.

GENETRADE publishes four legal documents: Terms & Conditions, a Risk Disclosure Statement, a Privacy Policy and a complaints procedure. There are no payment terms, no bonus terms and no execution policy, though the Trading Conditions page advertises one. The withdrawal and bonus rules live on marketing pages.

Why this matters

A rule on a marketing page carries no version and no date, and the firm can rewrite it tonight. The same deposit bonus is advertised at 20% on most pages and at 50% on the sign in page.

Exhibit 23NoticeStandard wording

Any other Terms & Conditions applicable for any specific Promotion will be displayed directly on the underlying Promotions Web Page.
Clause Trading Policies and Procedures, 9 in Terms And Conditions
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

A bonus priced in Japanese yen for new clients runs on a site whose English footer says it does not solicit citizens of Japan.

Said in public, in Japanese

5,000 JPY入金不要ボーナスを使って、まったく入金せずに取引を開始！

Word for word in English: Start trading without depositing anything at all, using the 5,000 JPY no deposit bonus!

Japanese no deposit bonus page, headline

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

In the contract · clause Footer, Restricted Regions

Restricted Regions: Genius Trading LTD does not solicit citizens of certain jurisdictions, such as South Korea, Japan, Thailand, and others.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

02

The same footer line exists in both languages, and the Japanese one drops the sentence that names South Korea, Japan and Thailand.

Said in public, in Japanese

制限地域： Genius Trading LTDは、アメリカ合衆国、ヨーロッパ、制裁対象国といった特定の地域の 市民にはサービスを提供していません

Word for word in English: Restricted regions: Genius Trading LTD does not provide services to citizens of certain regions such as the United States of America, Europe and sanctioned countries

Japanese footer, restricted regions line, on every Japanese page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

In the contract · clause Footer, Restricted Regions

Restricted Regions: Genius Trading LTD does not solicit citizens of certain jurisdictions, such as South Korea, Japan, Thailand, and others. Furthermore, the company does not provide services to citizens of the United States of America, Europe and Sanctioned Countries.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

03

The deposit page promises segregated client funds and clause 7 grants the firm the right to commingle them and pledge them for its own loan.

Said in public, in English

All client funds are held in segregated accounts across a diverse range of global leading banks, ensuring safety, security and peace of mind to all investors.

Account Funding page, opening paragraph

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

In the contract · clause 7

GENETRADE shall have the right to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral it holds (including, but not limited to, using the Contracts as collateral for a loan to GENETRADE) free from any claim or right of any nature whatsoever of the Customer

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

04

The bonus page says every bonus profit is withdrawable while the contract lets the firm cancel the withdrawal request and void the profit.

Said in public, in Japanese

ボーナスの利益はすべて出金可能

Word for word in English: All profit from the bonus is withdrawable

Japanese deposit bonus page, bullet list

In the contract · clause Trading Policies and Procedures, 9

Genetrade has the right to remove any Bonus received in any Account that is deemed to act in an abusive manner, implementing arbitrage techniques. This right extends to cancelling any Withdrawal Requests, nullifying any Profits or Losses, and closing any Trading Accounts that have acted in abusive manner.

05

The Japanese withdrawals page ends one sentence before the English one, and the missing sentence is the warning that every credit disappears.

Said in public, in Japanese

弊社では24営業時間以内にすべての出金リクエストを完了することを目指していますが、お客様の取引口座からの資金の控除は、出金リクエストが送信され次第すぐに保留中の出金として反映されます。

Word for word in English: We aim to complete all withdrawal requests within 24 working hours, though the deduction of funds from your trading account is reflected as a pending withdrawal as soon as the request is submitted.

Japanese withdrawals page, closing paragraph, where the page ends

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In the contract · clause Withdrawal Policy

Furthermore, all credits added to the Clients Account till date will immediately be removed upon any Withdrawal Request.

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06

Negative balance protection is listed as a feature while clause 9 makes you liable for the weekend and holiday deficits that produce negative balances.

Said in public, in English

Negative balance protection

Trading Conditions page, feature list under High Leverage, High Opportunity

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In the contract · clause 9

Customer shall only be liable for the payment of any deficit balance in Customer’s account upon demand by GENETRADE where such deficits are the result of a mark to market after a weekend or holiday.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

07

The promotions page says the firm covers all transfer fees while the trading policies debit every banking fee to your account whenever the firm chooses.

Said in public, in English

All transfer fees are covered by GeneTrade

Promotions page, Zero Fees on Deposits

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In the contract · clause Trading Policies and Procedures, 3

All banking fees shall be charged to Customer’s account at GENETRADE’s discretion.

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08

The account types page promises no dealing desk interference while clause 5 lets the firm put an account on manual quotes and approve each order by hand.

Said in public, in English

Trade with no interference from a dealing desk.

Account types page, feature list

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of genetrade.com

In the contract · clause 5

(b) cease entry of accounts involved in arbitrage from streaming and instantly tradable quotes and also offer manual quotes and require submission for our approval for subsequent orders

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09

The page claims no order is ever rejected while clause 4 reserves the right to refuse any order that opens or increases a position.

Said in public, in English

No Rejection of Orders. 100% Execution Success

Trading Conditions page, execution claims

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In the contract · clause 4

GENETRADE reserves the right, in its sole discretion, to refuse to accept any Order opening a new position or increasing an Open Position.

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10

A free VPS is sold to traders running automated Expert Advisors while clause 5 bans software the firm decides applies artificial intelligence and takes the profit made with it.

Said in public, in English

Perfect for traders who use Expert Advisors

Promotions page, Free VPS Service

In the contract · clause 5

We disallow the use of a software that is found to apply any kind of artificial intelligence to our Online Trading Facility and/or our computer systems for the sole reason to obtain an upper hand and reap the benefits of our trading facility

11

A Best Execution policy is advertised, no execution policy document is published, and the contract puts every pending order on a best efforts basis.

Said in public, in English

By providing a Best Execution policy, Spreads as low as 1 pip, and Zero Transaction Fees, we believe we give our Clients a head start in their Trading.

Trading Conditions page, Legendary Execution

In the contract · clause 4

all non-market orders such as Limit Orders, Stop/Loss Orders, One Cancels the Other Orders, Day Only Orders, and Good till Cancelled Orders, are accepted by GENETRADE and undertaken on a “best-efforts basis”

12

The withdrawals page aims at 24 working hours while the trading policies require a minimum of two business days and clause 11 says one.

Said in public, in English

We aim to complete all withdrawal requests within 24 working hours

Fund Withdrawals page, Withdrawal Policy

In the contract · clause Trading Policies and Procedures, 7

The Withdrawal Request Form requires a minimum of two (2) Business Days from receipt of the withdrawal request for issuance of a check or wire transfer of funds.

What changed quietly

This is our first reading of GENETRADE, so there is nothing yet to compare it against.

  • REWRITTENClause Footer · 2025-08-14 to 2026-10-09

    The regulator's name and the licence number both changed on the English sign in page, while the Japanese pages still show the old number.

    Genius Trading LTD is regulated by the Financial Services Commission (FSC) under License Number 6858604.

  • REWRITTENClause Footer · 2025-08-14 to 2026-10-09

    The company registration number changed from 150.338 to 5635 while the name and the address stayed as they were.

    Legal: Genetrade.com is a trading name of Genius Trading LTD, registration number: 5635, with Registered Address Suite 201, No. 8 Eve Street, Belize City, Belize.

  • REWRITTENClause Footer · 2026-01-25 to 2026-10-09

    The Japanese trading conditions page took the new registration number and kept the old licence number beside it.

    Genetrade.comはGenius Trading LTDの取引名称であり、登録番号は5635、 登録住所はSuite 201, No. 8 Eve Street, Belize City, Belizeです。

The documents this reading is based on

18 files, all published by GENETRADE. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording GENETRADE publishes.

How this reading was done

Every clause above was read out of a document GENETRADE publishes itself

This reading was published on .

Documents
18 of 18downloaded from the broker's site, and 18 read in full
Pages opened
26pages walked to find those documents, footer links included
Older copies
8earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
EN vs JAthe language it advertises in, against the language it contracts in
Position measured
22clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Genius Trading Ltd

Your contract is with Genius Trading Ltd, a Belize company. The Terms name it in the first line, give company number 5635 at 28 Regent Street, Belize City, and claim licence number 6858604 from the Financial Services Commission. Genetrade.com is a trading name, not a company. Clause 28 says the firm does business under an International Business Companies Act. No second entity appears anywhere, and no entity in any other country takes on a retail client, so a Japanese client contracts with the Belize company and sues in Belize City. The Japanese pages give the same company a different registered address and a different licence number, which is why we cannot tell you which licence to check.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The risk disclosure is unusually honest about the conflict. GENETRADE states in its own words that it is the counterparty, that the prices it offers might not be the best available, and that it may make more money if the market goes against you. Deposit costs are disclosed where deposits are discussed: card fees are covered, the 2% Skrill fee is named with its figure, and the page warns that your bank's exchange rate is yours to pay. The bonus pages print their own arithmetic, including the example where a withdrawal request cuts equity. The complaints procedure names its stages, its deadlines and the regulator's address, phone and email. Clause 9 also limits deficit liability to weekend and holiday gaps rather than to every loss. Every legal page is plain HTML, free to read with no login, and fully translated into Japanese.

We read all eleven documents in the set, and the last part of the English Terms & Conditions on the broker's own page. No earlier copy exists of the English Terms, the English Risk Disclosure or the Trading Conditions page, so those three could not be set against an older version. The members area needs an account, so we did not see the deposit screen, the withdrawal screen or any fee schedule shown at the moment of payment. The language menu offers Thai, Malay and Vietnamese, and all three links lead back to the English home page, so only the Japanese site could be compared with the English one. We did not check the spreads and rollover pages.

How to check any of this yourself

Every quote above links to the GENETRADE file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document GENETRADE publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge GENETRADE on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 9, 2026.

If you represent GENETRADE and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on GENETRADE. Whether its licence is real and current is a separate check on the broker profile.

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