GenetiCrypto Review : Fees, Pros and Cons, Reviews by Real Traders

GenetiCrypto

Operating status: SCAM

Website: https://geneticrypto.com/

Broker violations and abnormal records

Dec 22, 2022 The France AMF Added GenetiCrypto into Its Warnings
On 12 Dec 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that GenetiCrypto was not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/blacklists?page=0&key=geneticrypto.com&conditions%5Bcategorie%5D=224

On 12 Dec 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that GenetiCrypto was not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/blacklists?page=0&key=geneticrypto.com&conditions%5Bcategorie%5D=224
Dec 27, 2022 BrokersView has Reviewed that GenetiCrypto is an Unregulated Forex Broker
GenetiCrypto (Rapid Service LTD) claims to be registered in St. Vincent and the Grenadines with reg. No. 26572 BC 2021. We searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found the company. However, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.
According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any authorized company named Rapid Service LTD in UK FCA.
Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that GenetiCrypto was not authorized to provide forex services in France.
The truth is that GenetiCrypto is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

GenetiCrypto (Rapid Service LTD) claims to be registered in St. Vincent and the Grenadines with reg. No. 26572 BC 2021. We searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found the company. However, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any authorized company named Rapid Service LTD in UK FCA.Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that GenetiCrypto was not authorized to provide forex services in France.The truth is that GenetiCrypto is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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