With the help of new trading technology, Regenesis Markets provides online trading services for shares, forex, commodities, ETFs, options, metals, futures, energies, indices, and a highly competitive market. The brokerage has assembled a team of industry experts with a vision of providing clients with all the necessary trading tools and support. To open a real account, a $50 minimum deposit is required.
Regenesis Markets isn’t operating as it should. Although it’s a licensed entity that seems to be a reputable broker, we found some problems that don’t look good on a regulated broker. Our Regenesis Markets review contains all the details we needed to make an informed decision.
This review of Regenesis Markets will help you decide which broker will meet your needs when it comes to online trading. Our Regenesis Markets review has highlighted a few of the top aspects you should consider when deciding which online broker to use.
You can find our transparent Regenesis Markets review below. Broker reviews are updated frequently!
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Regenesis Markets, an online trading broker headquartered in Johannesburg, South Africa, is built on the value of transparency, ethics, compliance, teamwork, and service. Traders can trade over 200 financial assets using the MT4 trading platform. In addition, the traders of regenesis can take advantage of several favourable trading conditions. These include low spreads starting at 0.0 pips, flexible leverage, various account types, educational resources, and 24/7 customer service.
Regenesis Markets, an online trading broker in, South Africa, built on the value of transparency, ethics, compliance, team...
Financial Sector Conduct Authority (FSCA) registration number 49977 is the FSP number of Regenesis Markets. The local financial authority, the Financial Services Commission of South Africa, licenses and regulates Regenesis Markets.
The strange part is that Regenesis Markets presents itself as a trading name of Heart Capital Limited, with Belize license numbers that are fake. Financial regulator IFSC issued a warning against Veronica Forex, using the same license numbers. In addition, we cannot recommend Heart Capital Limited to traders due to their activities under Equity Solutions.
The first and most essential step is to conduct your trading activities to understand their certification(s) when choosing a broker. By checking this criterion, you will be able to determine whether a central authority regulates Regenesis-Markets or if it is an offshore entity.
In the event of a security breach, you have limited to no recourse when dealing with an unregulated broker or regulated by an entity outside of your jurisdiction.
If the suspected broker is licensed, a complaint about the theft can only be filed with the regulator in your jurisdiction. Some regulatory bodies in your area may issue brokerage licenses to the following:
Securities and Exchange Commission of Cyprus (CySEC)
FCA (Financial Conduct Authority)
ASIC (Australian Securities and Investments Commission)
Regenesis Markets is a highly controversial broker, despite holding a South African license, so your funds are not protected if you deposit with them. In addition, it is not a member of any savings schemes, such as those in the European Union.
Instead, trade with CySEC (EU) and FCA (UK)-regulated companies, the leaders in the retail FX market. There are many strict rules in Europe that brokers must follow to protect their customers.
For example, the list includes meeting a minimum capital requirement of 730 000 EUR, implementing personnel qualification standards, separating client accounts, and creating daily trading reports. Yet, money protection is the essential measure to prevent the misappropriation of traders’ funds.
According to CySEC (Cyprus) regulations, you can claim compensation up to 20 000 EUR. Your compensation is only protected in the United Kingdom, however. This is because forex brokers who fail to meet their financial obligations are the last resort for traders operating similar insurance funds in every EU member state.
You can view Regenesis Market’s license here. In any case, it’s somewhat awkward to see them attempt to legitimise their activities by posing as Belize license numbers and using a contentious company’s name. Indeed this situation has undermined the perception of the South African government so that we can address this issue with their authority as well.
Investors have access to a wide range of financial instruments with Regenesis Markets.
- Currency pairs
Regenesis Markets offers the following types of accounts
- MT4 demo trading account
- MT4 live trading account
- ProTrader demo trading account
- ProTrader live trading account
- MAM account
Opening an account
Click the ‘Open Trading Account’ button at the top right corner of the website and follow the steps to fill out the account opening form.
You must read the broker’s terms and conditions and policies thoroughly when applying for a broker. Make sure that you agree with everything they have to say.
You can create an account with a variety of currencies. Among them are:
USD, AUD, GBP, EUR, ZAR, SDG, RUB, MXN, NOK, PLN, SEK, DKK, CZK, CNF, CHF, TRY, JPY
MetaTrader4 accounts are available to clients at Regenesis Markets; MetaTrader5 accounts are unavailable. Due to MetaTrader being the best FX trading platform for retail customers, that’s beneficial for traders.
While it is stable and reliable, it also includes advanced trading tools and features, including Expert Advisors, Automated Trading and Complex Indicators, among others. In addition, even third-party-developed solutions are available for sale or accessible in the marketplace to help customers enhance their trading performance.
EUR/USD spreads are competitive at 0.1 to 0.3 pips with Regenesis Markets. Trading conditions and profit potential are better when spreads are lower because spreads are the price traders have to pay to open a position on the market.
However, we do not recommend Regenesis Markets because its legal issues limit its reputation. It would help if you stuck with regulated brokers rather than experimenting with controversial entities such as Regenesis Markets since most offer a Buy/Sell difference of 0.1 pips.
Traders can use the collateral they have deposited, also called a margin, to borrow up to 1000 times their capital. As a result, trades that leverage their positions can result in more enormous profits because they increase the size of their positions.
There are only two possible leverage levels of 1:100 and 1:500, and that is anything but alarming. Traders can adjust lever levels to suit their tastes and not only be restricted to two ratios by regulated brokers! However, they also advertise 1:1000 leverage on their web pages, which is undoubtedly incongruous and undermines their credibility. Be cautious.
A leveraged investment is a powerful financial instrument that increases profit potential with increased risks. Unfortunately, the 1:500 might ruin your financial future within a matter of minutes, if not seconds, if it’s misused.
Due to the risks involved, a leverage cap of 1:30 has been imposed in the EU, UK, and Australia (as of 2021). In addition, Canadians and Americans have imposed 1:50 as a safeguard for customers. Despite the magnitude of the risks, we don’t recommend trading with 1:500 brokers because most of them are unregulated or low-rated, which makes them unsafe to use.
For forex, liquidity is relatively high compared to other financial securities. Moreover, since currencies have become the medium of exchange, the need for foreign currency is significant when travelling overseas, buying products abroad, and conducting business abroad.
Investors can benefit from the increase in demand and supply by taking advantage of competitive spreads.
Average Standard Account Spreads on Majors
- EUR/USD: 0.1 pips
- GBP/USD: 0.1 pips
- AUD/USD: 0.2 pips
- USD/JPY: 0.1 pips
Deposits and withdrawals
The following payment methods are accepted for account deposits and withdrawals:
- Money transfers through bank wires
- MasterCard, Visa, and Maestro are credit/debit cards
- Neteller and Skrill are two online payment processors
However, wire transfers have a minimum deposit of $50.
On average, however, industry standards are $100. According to their website, funds can be transferred through credit/debit cards, wire transfers, Skrill, and Neteller.
In line with the practices of regulated brokers, there is no minimum withdrawal limit. The withdrawal fee does not specify the size or scope. Withdrawal requests are generally processed quickly, but depending on the circumstances, they can take up to five working days to process, which is an obscure clause. In perspective, regulated brokers deal with the matter on average for 48 hours.
Different types of accounts are available through the broker: MT4 demo trading account, MT4 live trading account, ProTrader demo trading account, ProTrader live trading account, and MAM account. To begin trading, you will need to deposit $50. You can also practice on a demo account.
Regenesis Markets doesn’t specify whether they charge inactive accounts. However, inactivity fees for dormant accounts are usually present at regulated brokers between five and ten dollars per month.
A trader may win a PlayStation 5 by entering Regenesis Market’s contest. We understood that separate Terms and Conditions apply, but these were hard to understand. There are several reasons why the EU and the UK banned trading incentives. First, the bonuses offered to traders usually increased their risk and tended to be inadequate for the financial markets.
Irrespective of their license, Regenesis Markets is generally regarded as a controversial broker that undermines their trustworthiness. Therefore, do not trade with Regenesis Markets; instead, trade with a company with appropriate regulatory oversight, such as a European, US, or Australian corporation.
Education and research
The broker’s website only provides a limited assortment of educational resources. Only a few learning articles are available to keep you up-to-date on the financial markets.
The broker provides traders with a good customer support team that responds to their queries 24 hours a day, five days a week. You can reach them through the following contact channels: telephone, email, online form, social media, and live chat.
Regenesis Markets, an online trading broker in, South Africa, built on the value of transparency, ethics, compliance, team...
In contrast to other FX brokers, Regenesis market traders work 24 hours a day, starting on Sunday night and ending on Friday evening. As a result, investors can customise their trading strategies in this market.
Regenesis Markets South Africa
Live trading accounts can be opened with the broker by traders from all over the world, provided they do not violate the laws or regulations of the country where they are residing. The Regenesis Markets is regulated under the license number from FSCA, and it provides its services all over South Africa.
This Regenesis Markets review mentions several Regenesis Markets features and products that traders in various countries may not access due to legal restrictions.
Thinking of Trading with Regenesis Markets?
Is Regenesis Markets legit or a scam?
The absence of a licensing authority in your jurisdiction likely indicates that the broker is unregulated, and you should avoid it. You should avoid brokerage firms even if they are regulated if the regulator is present outside your country.
What to do when scammed?
Everyone is susceptible to scams, unfortunately. If you get scammed, the first thing you ought to do is protect yourself. Don’t hesitate to contact your bank and explain your situation to them. They will be able to provide you with instructions on how to proceed and will if they can help you recover your funds.
It is essential to perform thorough due diligence on the companies and entities you send funds to protect yourself from fraudulent online parties. In addition, there are probably other users who have used the same service and commented on various forums about their experiences.
Based on research on social media platforms (Facebook, Twitter, Instagram) and online trading forums, it became apparent that customers were not satisfied with their experience with Regenesis-Markets. As a result, it appears that Regenesis-Markets is not a trustworthy broker, which means investing through their brokerage platform should be approached with extreme caution.
Brokers who use fake company names or are involved in fraudulent operations can be found all over the place. Protecting your finances and yourself can be as easy as doing some preliminary research.
Regenesis Markets provides traders with access to over 200 financial instruments via the MT4 platform. With multiple trading account options and a minimum deposit requirement of $50, leverage of up to 1:1000, multiple payment methods, as well as low spreads, you can choose a trading account that suits your needs.
Trading Forex, Futures, and Options can have great rewards and significant risks. Leverage plays both a positive and a negative role. Forex, futures, and options trading carries risks that you must be aware of and be prepared to accept if you plan to trade these markets. There is a substantial risk of loss associated with forex trading, so it is unsuitable for every investor. Try to trade the amount of money that you are ready to lose.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst
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