Genesis

7.6 / 10 Overall Score

Website: https://www.genesis.co.id/
Jurisdiction: Indonesia
Operating Since: 2-5 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: PT Genesis Gemilang Futures
Phone: 6.22E+11
Email: support@genesis.co.id
Address: Soho Capital 1608-1609 Jl. Letjen S. Parman Kav. 28, Podomoro City, Indonesia, Jakarta 11470

License Info: [{"监管状态": "BAPPEBTI Regulated", "牌照信息": "Indonesia Retail Forex License"}, {"监管状态": "JFX Regulated", "牌照信息": "Indonesia Retail Forex License"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Genesis Company: Corporate and Regulatory Overview

## Company Overview

Genesis company is an institutional trading firm that connects institutional investors to digital asset markets. It specializes in facilitating billions in digital currency trades, loans, and transactions monthly. Founded in September 2013, Genesis operates under the legal name Genesis Global Trading, Inc., and is headquartered in New York, New York, United States. The company is privately held and has a workforce of between 251 to 500 employees. Genesis provides a comprehensive platform that offers services such as digital asset trading, derivatives, borrowing, lending, custody, and prime brokerage services.

## Corporate Development

Since its inception, Genesis has focused on creating a single point of access for institutional clients in the digital asset space. The firm has made significant strides in the industry, notably processing over $25 billion in trades in 2020 alone. Genesis has also engaged in multiple rounds of funding, with its last funding round being a Series A completed on August 1, 2018. The company has made a series of strategic decisions to optimize its operations and expand its service offerings in response to market demands.

## Corporate Structure and Subsidiaries

Genesis operates various subsidiaries and branches, including Genesis Global Capital, LLC, and Genesis Asia Pacific Pte. Ltd. These entities are involved in the lending business, while Genesis's derivatives and spot trading operations remain separate and unaffected by any restructuring processes. The internal organization of Genesis is overseen by a board of directors, with an independent special committee managing the restructuring process as part of its Chapter 11 filing.

## Regulation and Compliance

Genesis is regulated as a securities broker-dealer by the SEC and FINRA, ensuring compliance with U.S. financial regulations. The company emphasizes the protection of client funds through segregation and comprehensive digital currency insurance on accounts. The firm operates under a compliance framework designed to meet the highest standards of transparency and auditability, although specific registration details and license numbers were not disclosed in the provided data.

## Global Presence and Market Coverage

Genesis primarily serves institutional investors and sophisticated market participants across the globe. While the company's main office is located in New York, it has expanded its reach through strategic partnerships and initiatives in various regions. The firm focuses on providing services tailored to the needs of large-scale investors, including asset managers and market makers.

## Financial and Operational Data

Genesis has established itself as a significant player in the digital asset trading space, with a client base exceeding 10,000 users globally. The company has reported ample liquidity of over $150 million to support its operations and restructuring efforts. However, specific financial data, such as revenue figures or transaction volumes beyond the previously mentioned $25 billion in 2020, were not available.

## Reputation and Industry Standing

Genesis is recognized as a pioneer in the digital currency prime brokerage sector, often regarded positively within the financial community. The firm has faced challenges, particularly in the wake of industry upheavals such as the FTX collapse, which impacted its operations and led to a temporary halt in withdrawals. Nonetheless, Genesis has maintained strong relationships with major partners and continues to work towards enhancing its operational integrity and market presence.

## Summary

Genesis company plays a critical role in the digital asset trading market, providing a wide array of services tailored for institutional investors. With a solid regulatory framework and a focus on compliance, Genesis has positioned itself as a trusted entity within the financial services landscape. Despite facing challenges, the company's commitment to operational integrity and client service underscores its significant presence in the evolving digital asset market.

Account Types

# Genesis Account Types

Genesis offers a range of account types tailored to suit various trading needs. Below are the details of the available accounts:

| Account Type | Minimum Deposit | Spreads/Commission Model | Leverage Limits | Trading Instruments | Base Currencies Supported | Execution Model | Unique Features |
|----------------|------------------|--------------------------|------------------|------------------------------|---------------------------|------------------|---------------------------------|
| Standard | Not specified | Variable spreads | Not specified | Forex, CFDs, Cryptocurrencies | Not specified | Not specified | None |
| ECN | Not specified | Commission-based | Not specified | Forex, CFDs | Not specified | ECN | Direct market access |
| Pro | Not specified | Variable spreads | Not specified | Forex, CFDs | Not specified | Not specified | None |
| Demo | Not specified | Not applicable | Not applicable | Forex, CFDs | Not specified | Not specified | Practice trading environment |
| Islamic | Not specified | Variable spreads | Not specified | Forex, CFDs | Not specified | Not specified | Swap-free |

*Note: Specific details regarding minimum deposits, leverage limits, and base currencies supported were not available.*

# Genesis Broker Account Opening Process

To open an account with Genesis, follow these steps:

1. **Visit the Account Registration Page**: Navigate to the Genesis website and locate the account registration section.
2. **Complete Registration Form**: Fill out the required personal information in the registration form.
3. **KYC/Identity Verification**: Submit the necessary documents for identity verification, which may include proof of identity and proof of address.
4. **Minimum Funding**: Fund your account with the required minimum deposit using the available payment methods.
5. **Approval Time**: Wait for the account approval, which may take some time depending on the verification process.
6. **Access Platforms**: Once approved, you can access the trading platforms offered by Genesis.

*Note: Details regarding minimum funding or deposit methods, as well as optional steps for demo or professional accounts, were not available.*

Deposit & Withdrawal

# Genesis Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Genesis Minimum Deposit Explained

### Exact Minimum Deposit Amount
The minimum deposit required to open an account with Genesis is **€250**. This amount is standard across most account types and serves as the initial capital for trading.

### Account-Type Comparison
Genesis offers various account types, each with different features and benefits. However, the **minimum deposit requirement remains consistent at €250** across these account types, making it accessible for new traders.

### Regional Differences
While the minimum deposit is generally uniform, some regions may have specific regulations or local currency considerations affecting the deposit process. It is advisable to check the specific requirements based on the trader's location.

### Advantages
1. **Low Entry Barrier**: The €250 minimum deposit makes it accessible for new traders.
2. **Multiple Account Types**: Genesis offers different account types tailored to various trading needs.
3. **Regulated Environment**: Genesis operates under regulatory oversight, enhancing trust and security.
4. **Diverse Trading Options**: Users can trade various financial instruments, including cryptocurrencies and forex.

### Disadvantages
1. **Limited Withdrawal Options for Small Deposits**: With smaller deposits, withdrawal options may be restricted.
2. **Potential Fees**: There may be fees associated with deposits and withdrawals, depending on the method used.
3. **Currency Conversion Fees**: If depositing in a currency different from the account base currency, conversion fees may apply.
4. **KYC Requirements**: Traders must complete KYC verification before making deposits or withdrawals.

### Competitor Comparison
Compared to other platforms, Genesis's minimum deposit is competitive. Many brokers require higher initial investments, making Genesis an attractive option for beginners and those looking to trade with lower capital.

---

## Genesis Deposit Methods Comprehensive Guide

### Available Deposit Methods
1. **Bank Transfer**
 - **Processing Time**: 1-3 business days
 - **Fees**: Typically no fees from Genesis, but bank fees may apply.
 - **Availability**: Widely available.
 - **Limits**: Minimum €250; no maximum limit.
 - **Pros**: Secure and reliable.
 - **Cons**: Slower processing times.

2. **Credit/Debit Cards**
 - **Processing Time**: Instant to 1 hour.
 - **Fees**: May incur a small processing fee.
 - **Availability**: Accepted in most regions.
 - **Limits**: Minimum €250; maximum limits vary by card issuer.
 - **Pros**: Fast processing; user-friendly.
 - **Cons**: Fees may apply; not available in all countries.

3. **E-Wallets (e.g., PayPal, Skrill)**
 - **Processing Time**: Instant.
 - **Fees**: Variable; check specific e-wallet terms.
 - **Availability**: Depends on the e-wallet provider.
 - **Limits**: Minimum €250; maximum limits vary.
 - **Pros**: Quick and convenient.
 - **Cons**: May involve higher fees; limited availability.

4. **Cryptocurrency**
 - **Processing Time**: Varies based on network congestion.
 - **Fees**: Network fees apply, but no fees from Genesis.
 - **Availability**: Supported for various cryptocurrencies.
 - **Limits**: Minimum €250 equivalent; no maximum limit.
 - **Pros**: Fast and secure; no currency conversion needed.
 - **Cons**: Volatility in value; requires familiarity with crypto transactions.

5. **Local Options**
 - **Processing Time**: Varies by provider.
 - **Fees**: May vary based on local provider.
 - **Availability**: Limited to specific regions.
 - **Limits**: Minimum €250; maximum limits vary.
 - **Pros**: Tailored to local users.
 - **Cons**: Limited availability; potential higher fees.

### Supported Currencies and Recommended Methods
Genesis primarily supports **EUR**, but also allows deposits in major currencies like **USD** and **GBP**. For the lowest fees and fastest processing, using a credit/debit card or cryptocurrency is recommended.

---

## Genesis Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in to Your Genesis Account**: Access your account using your credentials.
2. **Navigate to the Deposit Section**: Click on the 'Deposit' button on your dashboard.
3. **Select Your Deposit Method**: Choose from the available methods (bank transfer, card, etc.).
4. **Enter Deposit Amount**: Input the amount you wish to deposit (minimum €250).
5. **Complete the Transaction**: Follow the prompts to finalize your deposit.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms. However, mobile users might experience a more streamlined interface, making it easier to complete transactions on the go.

### KYC Notes and Common Issues
Traders must complete KYC verification before making deposits. Common issues include delays in verification due to incomplete documentation. Ensure all required documents are submitted to avoid processing delays.

### Typical Fund Crediting Times
Deposits via credit/debit cards are credited almost instantly, while bank transfers may take 1-3 business days. Cryptocurrency deposits depend on network confirmations but are generally fast.

---

## Genesis Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer**
 - **Processing Time**: 1-3 business days.
 - **Fees**: Typically no fees from Genesis, but bank fees may apply.
 - **Limits**: Minimum withdrawal of €30; no maximum limit.
 - **Pros**: Secure; widely accepted.
 - **Cons**: Slower compared to other methods.

2. **Credit/Debit Cards**
 - **Processing Time**: 1-3 business days.
 - **Fees**: May incur a small fee.
 - **Limits**: Minimum €30; maximum varies by card issuer.
 - **Pros**: Fast and familiar for users.
 - **Cons**: Not all cards may support withdrawals.

3. **E-Wallets (e.g., PayPal, Skrill)**
 - **Processing Time**: Instant to 1 business day.
 - **Fees**: Variable; check e-wallet terms.
 - **Limits**: Minimum €30; maximum varies.
 - **Pros**: Quick and convenient.
 - **Cons**: Higher fees; limited availability.

4. **Cryptocurrency**
 - **Processing Time**: Varies based on network congestion.
 - **Fees**: Network fees apply.
 - **Limits**: Minimum €30 equivalent; no maximum limit.
 - **Pros**: Fast and secure.
 - **Cons**: Requires knowledge of crypto wallets.

### Recommended Options by Cost and Speed
For the quickest and most cost-effective withdrawals, using e-wallets or cryptocurrencies is recommended. Bank transfers are secure but slower.

---

## Genesis Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in to Your Genesis Account**: Use your credentials to access your account.
2. **Go to the Withdrawal Section**: Click on the 'Withdraw' button on your dashboard.
3. **Select Your Withdrawal Method**: Choose from the available methods (bank transfer, card, etc.).
4. **Enter Withdrawal Amount**: Input the amount you wish to withdraw (minimum €30).
5. **Confirm the Withdrawal**: Review the details and confirm your request.

### ID Verification Requirements
Before processing withdrawals, Genesis requires users to verify their identity. This may involve submitting documents such as a government-issued ID and proof of address.

### Expected Fund Arrival Time
Withdrawal times vary by method. E-wallets are typically instant, while bank transfers may take 1-3 business days. Cryptocurrency withdrawals depend on network confirmations.

### Typical Delay Reasons and Fixes
Delays can occur due to incomplete KYC verification, network issues, or banking hours. To resolve delays, ensure all documentation is submitted and check the status of your withdrawal request through the platform.

---

## FAQs – Genesis Deposits & Withdrawals

**What is the minimum deposit for Genesis?** 
The minimum deposit for Genesis is **€250**.

**How long do withdrawals take?** 
Withdrawal times vary, with e-wallets being instant and bank transfers taking **1-3 business days**.

**Are there fees for deposits or withdrawals?** 
Genesis typically does not charge fees for deposits or withdrawals, but third-party fees may apply.

**Can the same method be used for both?** 
Yes, you can use the same method for both deposits and withdrawals, although some restrictions may apply based on the method used.

**Are crypto or local methods supported?** 
Yes, Genesis supports cryptocurrency deposits and withdrawals, as well as local payment methods depending on the region.

Genesis

Genesis

Score Breakdown

Company & Contact

In-Depth Broker Review

Subscribe to our Newsletter