Genesis

Genesis, operating under the domain genesiscfdmarkets.com, presents itself as a multi-asset brokerage offering Forex, shares, cryptocurrencies, indices, and commodities. The company claims to have been established in 1993, with headquarters in the United States. However, our records indicate a registration date of August 27, 2021, creating a notable discrepancy in the firm’s stated history. The registered address is 76 W Brighton Ave, Brooklyn, NY 11224, a location that has not been independently verified as a legitimate business premise.

FXCanary’s assessment is based solely on official registration data and the company’s own public statements. The firm’s narrative of a long-established history contrasts sharply with its recent incorporation, raising questions about transparency. Traders should treat such inconsistencies as a red flag when evaluating the broker’s credibility.

Genesis is an unregulated entity, holding no known licenses from any financial authority. Our records confirm a complete absence of regulatory oversight, which is a critical concern for any retail trader. The company operates outside the framework of investor protection schemes, compensation funds, or dispute resolution mechanisms provided by regulated brokers.

Without a license, there is no assurance that the broker adheres to standard financial conduct rules, such as segregation of client funds or negative balance protection. FXCanary strongly advises against engaging with unregulated brokers, as the risk of malpractice, including misappropriation of funds or unfair trading practices, is significantly elevated.

According to the broker’s description, Genesis provides its clients with the Genesis CFD Markets Trade Assistant platform. The platform is proprietary, though few technical details are publicly available. The stated range of instruments includes Forex, shares, cryptocurrencies, indices, and commodities, suggesting a broad multi-asset offering.

The lack of independent reviews or user feedback makes it impossible to verify the platform’s functionality, execution quality, or reliability. In our experience, proprietary platforms from unregulated brokers often lack the transparency and oversight of industry-standard solutions like MetaTrader 4 or 5.

Genesis lists customer support channels via phone at +1(443) 650-3507 and email at support@genesiscfdmarkets.com. The phone number is based in the United States, which aligns with the claimed US headquarters. However, the broker does not provide a physical office address beyond the registered Brooklyn street address, which may be a residential or virtual location.

We attempted to verify the phone number and email through independent means but found no corroborating evidence of active support. Unregulated brokers often have limited or unresponsive customer service, leaving traders without recourse when issues arise.

The combination of being unregulated, having contradictory founding dates, and offering high-risk leveraged products like Forex and CFDs makes Genesis a high-risk broker. Our FXCanary Scam Risk Score of 75 out of 100 indicates a severe risk profile. This score reflects the absence of regulatory oversight, the opacity of the company’s history, and the potential for fraudulent activity.

Traders considering this broker should be aware that they have no legal protection if the company fails to honor withdrawals or engages in market manipulation. The lack of independent information further compounds the risk, as due diligence is nearly impossible.

In summary, Genesis is an unregulated retail FX/CFD broker with a contradictory corporate history and minimal public information. While the company markets itself as a multi-asset provider, the absence of regulatory oversight and verifiable details makes it unsuitable for most traders. FXCanary recommends that traders seek regulated alternatives that offer transparency, investor protection, and a proven track record.

If you are considering Genesis, proceed with extreme caution and only with funds you can afford to lose. The information provided here is intended to inform your due diligence, not to serve as financial advice.