✔️ Information reviewed and updated in May 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in Genex. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Genex and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitegenexlatam.com
🏠 CompanyGenex LTD
RegulatoryNot regulated
📧 Email[email protected]
📈 LeadingOwn platform
📌 AddressAv. Huayna Capac #205 Cusco

⚠️ Genex is owned by Genex LTD, the company is located in Peru, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Genex does not offer different accounts for trading.

Information on the web

GENEX website

Genex provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.

List of phone numbers

  • +51 970 530 999

🚫 Final Genex valuation 🚫

Finally, and in a few words, Our recommendation is: DO NOT INVEST WITH Genex.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about Genex:

Date Update – news
-No news at the moment

User Reviews

[democracy id = ”8489 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with .

At the end of the review you will find customer comments.


How to Claim Money Scammed by Genex

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Genex

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Genex?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Genex a scam – is it a scam?

Yes. We believe Genex is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Genex reliable?

No. Genex is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Genex?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Genex?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Is Genex a scam? Opinions»

  1. Daniela Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Daniela, thank you for writing about Genex. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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