Geniusfx is an online forex broker based in Germany, you should take much precautions because they are after your money. There are several reasons as to why you should avoid this trading company;
They do not make themselves clear on terms and conditions since this information is very much crucial to the investor. since terms and conditions outline the rules and responsibilities and expectations for an organization an its clients. These conditions serve as a contractual agreement that sets the framework for interactions and services offered by the organization.
Hence ask them to provide you with a copy of there terms and conditions.
Geniusfx pressure there tactics by displaying how there investors have invested and how they have made huge profits by investing in them. They even display pictures of the investors for you to trust them.
Geniusfx they lack transparency on the trading accounts they have and even how much money you should deposit. Its good for a trading company to provide good ang quality information about their accounts and also minimal amounts to invest.
WHO ARE THEY
After taking time looking on there website they do not have recommendations from the trading agencies hence this makes them to be scammers. This should of enough proof that you are not supposed to invest in them.
So geniusfx is not a regulated forex broker, which means that whoever wants to invest in them is not protected and the chances are that the money you have highly struggled to find they can get away with it and yet they can not be held responsible.
Nowadays the forex market have been flooded with scammers to often exploit the anonymity and vast of the internet to target a wide audience quickly .the increasing connectivity on digital platforms have provided scammers with huge opportunities to deceive people.
HOW GENIUSFX WORK
They can offer very good deals that sound to be good and true like getting double funds from the funds that you have invested within a particular period of time. After investing in term they may also start requesting you to again invest heavily to get more and more profits so that they can get more money from you.
After investing in them you may decide to withdraw your money but it may be impossible since what they needed from you was your money .This could be possible to happen. It may be impossible to get your money back since there will be no tracks left behind for you to report them to the authorities.
HOW TO GET YOUR MONEY BACK
What you need to do is to keep all your emails as proof showing you have been requesting your money back. They may also take long to process your request since they have the intention of not returning your money back. You should contact your bank provider and try to explain to them on how you have been deceived and deposited your money to a company that is not regulated. It could be the easiest means of trying to get your money back.
Conclusion
You should totally avoid yourself from this genius forex broker since they are after your money. Don’t share you personal information such as bank details or your passwords logging into your various accounts