We will explain the deposit method and trading account bonus of overseas FX broker GeneTrade. Deposit methods are available by credit card and online wallet. The reflection time is extremely fast, so traders will hardly feel stressed. Depending on the card company, it may not be possible to use it, so please contact each card company.
GeneTrade Company Information
Below is the company information and overview of GeneTrade, a well-known overseas FX broker.
📌 About GeneTrade
GeneTrade is an online forex broker that allows you to trade financial products such as foreign exchange (FX) and CFDs (contracts for difference) online.
The company primarily provides services to traders residing overseas, but access may be restricted in some regions, such as Japan.
🏢 Operating Company Information
Operating Company (Corporate Name): Genius Trading Ltd.
Company Registration Number: 150.338 (Corporate Registration Number)
Headquarters: Suite 201, No. 8 Eve Street, Belize City, Belize
Official Website: genetrade.com
Industry: Online Financial Services/FX & CFD Brokerage
Employee Size: Approximately 11-50 (based on company database)
📜 Regulation & Licensing
GeneTrade is regulated and registered by the Belize International Financial Services Commission (IFSC). License number is IFSC 270/195 (or similar).
However, this regulation is considered “offshore regulation” and is often considered less stringent than top-level financial regulations such as those of the UK (FCA), Europe (CySEC), and Australia (ASIC).
📊 Main Services
GeneTrade’s main services and features are as follows:
FX (foreign exchange) and CFD trading (currency pairs, precious metals, indices, etc.)
Maximum Leverage: High leverage settings, including up to 1:1000
Trading Platform: MetaTrader4 (MT4) compatible (Windows/Mac/Web/Mobile)
Segregated Accounts
Multilingual Support (Over 20 languages)
⚠️ Important Notes
GeneTrade’s services are restricted or prohibited in some regions (e.g., the United States, Europe, Japan, etc.). The official website states that it does not solicit customers of certain nationalities or regions.
IFSC regulations are generally considered “offshore licenses” and are considered to have looser oversight than top global regulations. This can lead to mixed reviews of safety and reliability.
Online reviews and reputations are mixed, with some reports of concerns regarding withdrawals and customer service (from third-party review sites).
Overview of GeneTrade Deposit Methods
GeneTrade offers several methods for depositing funds into your trading account. All are easily processed through the Members Area.
🔑 Deposit Basics
✅ Minimum Deposit Amount: Approximately $5 (approximately ¥500-¥600 in Japanese Yen)
✔ Deposits in any currency will be automatically converted to your account’s base currency.
✔ Deposits are processed through the “Deposit” menu in the Members Area.
✔ In most cases, deposits are reflected in your account immediately or within minutes (this may vary by method).
Credit Card/Debit Card
Accepted Cards: Visa, Mastercard, JCB, etc. (Brand support may vary).
Deposit Speed: Generally, it is immediate to short.
Fees: Free from GeneTrade (your card company may charge a conversion fee).
Features: Most common and easy to process. In many cases, funds can be used for trading immediately after deposit.
Electronic Wallets (E-Wallets)
Major Service Examples
STICPAY
bitwallet
📍 Features:
Most cases have immediate updates, allowing for a short trading start time.
GeneTrade charges no deposit fees.
When you deposit funds from your wallet, the funds are transferred from your wallet balance (external wallet fees may apply separately).
bitwallet is a popular payment method among Japanese users.
Bank Wire
Note: It has been noted that availability of this method varies by region and may not be supported in some cases.
In some cases, funds can be deposited via domestic bank transfer (international remittance) (supported banks and conditions may change depending on the provider).
Money may take longer to be reflected compared to other methods (depending on bank processing time).
🪙 Estimated Reflection Time and Fees
| 入金方法 | 反映時間 | 入金手数料* |
|---|---|---|
| クレジット / デビットカード | 即時〜数分 | 無料（※カード会社の為替・処理手数料は別途） |
| STICPAY / bitwallet | 即時〜短時間 | 無料（※ウォレット側手数料は別途発生する場合あり） |
| 銀行送金 | 数時間〜数営業日 | 銀行側手数料は利用者負担 * |
GeneTrade does not charge any deposit fees, but fees incurred by payment providers, card companies, and banks may apply separately.
GeneTrade Deposit Details
This article provides a clear explanation of GeneTrade’s deposit methods, based on official and reliable information. It covers everything from the procedure, accepted payment methods, deposit times, and important points to note.
1️⃣ Credit Card/Debit Card Deposit
Procedure
Log in to the Members Area
After logging in to GeneTrade, select the “Deposit” menu.
Select “Credit/Debit Card” as the deposit method.
Visa, Mastercard, JCB, and other payment methods are accepted.
Enter Required Information
Enter your card number, cardholder name, card expiration date, and CVV (3 digits on the back).
Specify the deposit amount (minimum $5).
Confirm Deposit Procedure
After confirming the information entered, click the “Deposit” button.
Confirm Account Balance Reflection
The funds are usually reflected in your account balance immediately or within a few minutes.
2️⃣ E-Wallet Deposit
Example
bitwallet
STICPAY
Procedure (General Image)
Log in to the Members Area
Select “Deposit.”
Select your desired wallet as the deposit method.
Select bitwallet or STICPAY.
Enter the deposit amount.
Minimum deposit amount is 5 USD or more.
Wallet Login/Authentication
If the login screen for the selected wallet appears, authenticate your account.
Confirm and Approve the Deposit Request
Approve the deposit on the wallet side.
Reflected in your account balance.
In most cases, the funds will be reflected immediately or within a short time.
3️⃣ Bank Wire Deposit
*Availability and procedures may vary depending on your region and bank.
Procedure
Log in to the Members Area
Select the “Deposit” menu.
Select “Bank Transfer” as your deposit method.
Confirm the provided receiving bank information (bank name, account number, SWIFT code, etc.).
Process the transfer from your bank.
Transfer funds from your bank account to your GeneTrade designated account.
Bank fees and exchange rates may apply.
Deposit request completed.
After the deposit request is submitted, GeneTrade will confirm the deposit depending on the bank’s processing time.
Confirm your account balance.
This may take several hours to several business days.
💡 Important Notes (General)
Only accounts in your own name are accepted; third-party deposits are not accepted.
Currency Conversion: The deposit currency will be automatically converted to the account’s base currency.
Minimum Deposit: Approximately 5 USD for each method.
Deposit Bonus: A bonus based on the amount deposited may be awarded.
Deposit Fee Details
Details of GeneTrade’s deposit and withdrawal fees are provided below, based on the official website. While GeneTrade generally aims to cover as many fees as possible, please be aware that in some cases, users may be required to pay these fees.
💰 GeneTrade Fee Policy (Official)
GeneTrade does not charge customers a basic company fee for deposits and withdrawals.
GeneTrade does not charge any fees for deposits or withdrawals made via credit card or e-wallet.
Wire transfers are also free of charge if certain conditions are met.
The official website clearly states that there are no hidden fees or commissions.
🧾 Deposit Fees
Deposit Method: GeneTrade Fees; User-Related Fees: Credit/Debit Card: Free (GeneTrade covers the fee); Some wallets may incur additional fees (e.g., Skrill, etc.); Bank Transfer (Wire): Free (conditions apply, e.g., $200 or more); Bank transfer fees, intermediary bank fees, etc.
🔹 Additional Information:
GeneTrade’s fees for credit card and e-wallet deposits are generally zero.
However, wallet service fees (e.g., 2% Skrill) are not covered by GeneTrade and may be borne by the user.
Bank transfers are subject to certain conditions (e.g., a certain amount or more) and are free of charge; however, the receiving bank will incur additional fees.
💸 Withdrawal Fees
Withdrawal Method: GeneTrade Fees; Potential User Costs: Credit Card: Free (Card company refund processing fees, exchange fees, etc.); E-Wallet (e.g., Bitwallet): Free; E-Wallet transfer fees may be charged separately; STICPAY (GeneTrade may not cover these fees in some cases); STICPAY fees are borne by the user; Bank Wire (Wire): Free (Conditions apply, e.g., over $200); Bank receiving/relay fees, exchange fees, etc.
🔹 Key Points:
GeneTrade generally does not charge withdrawal fees, but the official FAQ clearly states that fees may be charged for STICPAY withdrawals and bank transfers that meet certain conditions.
In fact, GeneTrade’s FAQ states, “GeneTrade will cover withdrawal fees. However, this does not apply to STICPAY withdrawals (in some cases) or bank transfers under a certain amount.”
GeneTrade Deposit Considerations
We’ve compiled a list of important points to note when depositing funds with GeneTrade. These important points include specific rules for overseas FX and points for Japanese residents, helping you avoid potential issues.
⚠️ General Considerations (All Deposit Methods)
Deposit funds in your own name.
Deposits from cards, wallets, or bank accounts in the name of others are not accepted.
To prevent money laundering, the registered name must match the account name.
Make sure to adhere to the minimum deposit amount.
The minimum deposit amount is approximately 5 USD (account currency conversion).
Amounts below this amount may result in a deposit error.
Completion of KYC (Know Your Customer) is required.
Proof of identity and address must be submitted before depositing.
Failure to submit these documents may result in restrictions on account updates and withdrawals, even if the deposit is successful.
Deposit Currency is Automatically Converted
If the deposit currency differs from the account base currency, it will be automatically converted.
Check the exchange rate and fees for peace of mind.
Check the Bonus Eligibility Conditions
If a deposit bonus is offered, profit withdrawals may be restricted if certain conditions (e.g., trade lot size) are not met.
Check the conditions before using the bonus.
💳 Notes on Credit Card/Debit Card Deposits
There may be deposit amount limits or approval restrictions from your card company.
Your card company may incur overseas transaction fees or foreign exchange fees.
If the deposit does not appear in your trading account immediately, this may be due to pending approval from your card company or a security check.
👜 Notes on E-Wallet Deposits (bitwallet/STICPAY)
Since the deposit is made from your wallet balance, you must confirm your wallet funds in advance.
Depending on the wallet, deposit and redemption fees may apply.
After depositing, there may be a delay in the account posting, so we recommend making the process well in advance.
🏦 Notes on Bank Wire Deposits
It may take several hours to several business days for the transfer to be completed.
When sending money overseas from a Japanese bank, you may incur intermediary bank fees and currency exchange fees.
If you enter incorrect deposit information (account number, SWIFT code, sender name, etc.), the transfer may be delayed or you may need to request a refund.
When sending small amounts, bank processing fees may be relatively high.
Frequently Asked Questions
We’ve compiled GeneTrade’s frequently asked questions (FAQs) in easy-to-understand Japanese. They cover common questions for beginners and those regarding deposits, withdrawals, and account opening.
🧠 About the Basics
Q1: Is GeneTrade safe?
→ Operated by Genius Trading Ltd. in Belize, GeneTrade is regulated by the Belize International Financial Services Commission (IFSC). However, because it is an offshore regulation, it is considered less strict than European and US regulations.
Q2: Is support available?
→ Support is available 24 hours a day, weekdays, in multiple languages (over 16 languages). Support is available via live chat, email, and phone.
Q3: What is the difference between a demo account and a real account?
→ A demo account allows you to trade with virtual funds and is used for trading practice. A real account uses actual funds and has different psychological effects and slippage.
Q4: What are the trading hours?
→ Trading is available from 10:05 PM Sunday to 9:50 PM Friday, based on GMT (Greenwich Mean Time).
Q5: Can US and Japanese residents use this service?
→ US residents are not eligible due to restrictions. Japanese residents are eligible, but they must comply with overseas FX regulations and complete transactions at their own risk.
🪪 Account Opening & Required Documents
Q6: What documents are required?
→ A passport or driver’s license and proof of address (utility bill, etc.) valid within the last three months are required.
Q7: Do I need to submit documents multiple times?
→ If the same person has already submitted documents, they do not need to be submitted again.
Q8: How long does it take to open an account?
→ Usually, it takes a few minutes to complete identity verification.
📊 About Trading Accounts
Q9: What account types are available?
→ There are two types: Standard and Micro.
Q10: Can I change my base currency later?
→ It cannot be changed. You will need to open a new account.
Q11: Can I have multiple accounts?
→ A maximum of 10 accounts per person is allowed.
📈 Trading Terms
Q12: What is the leverage?
→ Maximum 1:1000.
Q13: Can I scalp or hedge?
→ Yes.
Q14: Is there any slippage?
→ Generally, it is minimal, but it can occur when major economic indicators are announced.
💰 Deposit/Withdrawal Information
Q15: What are the minimum deposit/withdrawal amounts?
→ Minimum deposit: approximately USD 5, minimum withdrawal: approximately USD 10.
Q16: Can I change my deposit currency?
→ Yes. Funds are automatically converted to your account currency upon deposit.
Q17: How do I deposit funds?
→ Credit card, e-wallet, bank transfer, etc.
Q18: When can I withdraw funds?
→ You can withdraw at any time as long as your account is verified.
Q19: Does the deposit method take priority for withdrawals?
→ Yes. Card deposits will be received on your card, and profits will be received via wallet or bank transfer.
Q20: Are there any withdrawal fees?
→ Withdrawals are generally free on GeneTrade. However, fees may be charged by your bank or wallet.
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