Genesis Vision is a platform that claims to offer a wide range of financial trading services. Since its establishment on May 13, 2017, it has been operating in the market for several years. Operated by Genesis Vision LP, the platform provides services covering various sectors including forex, indices, precious metals, and cryptocurrencies. Despite its claims of having multiple trading tools and platform options, its lack of transparency in corporate background and regulatory information may raise concerns and questions among investors.
Corporate Background of Genesis Vision:
Genesis Vision is a platform that claims to provide multiple financial product trading services, with its official website at https://genesis.vision/. According to domain information, the platform was established on May 13, 2017. The trading services offered by the platform cover various sectors including forex, indices, precious metals, and cryptocurrencies. However, Genesis Vision is operated by Genesis Vision LP, and specific registration details and legal background of the company remain unclear.
Regulatory Information of Genesis Vision:
Genesis Vision does not provide detailed regulatory information on its official website or any public materials. This means users cannot verify through public channels whether the platform is supervised by any financial regulatory bodies. The lack of regulatory information is a serious issue because regulatory agencies are typically responsible for ensuring the legality and safety of financial platforms. An unregulated platform often means that investors' funds are not effectively protected, posing a higher risk. In light of this, investors should remain highly cautious of this platform and avoid engaging in any financial transactions on unregulated platforms to prevent potential financial losses.
Account Registration Process of Genesis Vision:
The account registration process for Genesis Vision is relatively straightforward and usually involves the following steps:
- Visit the Official Website: Go to the Genesis Vision website and click the registration button.
- Fill Out the Application Form: Users need to complete the required personal information, including name, email, contact details, etc.
- Submit Identity Verification Documents: To ensure account security and compliance, users must submit identity verification documents or phone number verification documents. Identity verification is generally to prevent fraudulent activities and ensure the authenticity of users' identities.
- Deposit and Start Trading: After completing registration and verification, users need to make an initial deposit to start trading on the platform.
Account Types of Genesis Vision:
Genesis Vision has not disclosed specific information about its account types, which could affect investors' understanding and choice of the platform.
Trading Software of Genesis Vision:
As of now, Genesis Vision has not provided detailed information about the trading software it uses. Trading software is crucial in financial platforms as it directly impacts trading execution speed, stability, and users' overall trading experience. Typically, a reliable trading platform will clearly state its software system and its features to help users understand the technical foundation and security of the platform. However, Genesis Vision's vague description of its trading software may cause investors to question the platform’s technical capabilities.
Trading Products of Genesis Vision:
Genesis Vision advertises that it offers a wide range of trading tools in the financial market, including:
- Forex
- Cryptocurrencies (including all Binance and Huobi assets)
- Contracts for Difference (CFDs)
- Stocks
- Precious Metals
- Indices
- Commodities
These product categories offer investors diverse market participation opportunities, covering major global financial markets.
What are the Spreads, Leverage, and Commissions of Genesis Vision?
Through a demo account, it has been found that Genesis Vision offers BTC/USDT spreads that fluctuate between 2-3 dollars. Additionally, the platform provides a two-tier partnership program:
- First-Level Referral Commission: After successfully inviting others to register, you can earn up to 15% of their paid fees as a commission.
- Second-Level Referral Commission: Second-level referrals can earn up to 1.5% commission.
Deposit and Withdrawal Methods of Genesis Vision:
Genesis Vision supports deposits and withdrawals through its payment processor Moonpay, with specific methods including:
- Credit/Debit Card
- Various Cryptocurrencies (including BTC, BNB, ETH, USDT, USDC, GVT, and DAI)
While the platform retains transactions in euros, it will convert them into the cryptocurrencies chosen by users for deposits. When withdrawing, a certain fee is charged by the broker, such as a BTC withdrawal fee of 0.0002, BNB of 0.0005, and ETH of 0.0016. Additionally, Genesis Vision charges some other fees, such as investment and trading fees. Platform fees include a 0.5% GV commission and a 0-10% success fee, while manager fees include a 0-20% management fee, 0-50% success fee, 0-10% entry fee, and 0-10% exit fee.
Customer Support of Genesis Vision:
Email: support@genesis.vision
Conclusion:
The Genesis Vision platform has a certain appeal in trading various financial products and offering a variety of trading software options. However, due to the lack of clear regulatory information and specific corporate registration background, investors should remain highly cautious when using this platform. It is recommended to fully understand the potential risks of the platform before making investment decisions, and consider the safety of funds to ensure that one's interests are not harmed. Genesis Vision is marked as "Suspected Fraud" on TraderKnows.
