Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The onboarding at Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Intuitive for beginners|API access
Cons: No crypto staking
I was contacted by Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The spread at Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Segregated accounts|Tax reports included|Good analytical tools
Cons: No phone support on weekends|Currency conversion fee exists
My card was charged twice by Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) on the same day. I had to dispute it with my bank. Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Market news feed|Dedicated account manager|Full transparency
Cons: Charting tools need more indicators|No live chat on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Demo account available|Risk management tools|Fast execution
Cons: No phone support on weekends
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I was about to invest with Genus Capital Management (no relation to the British Columbia registered firm Genus Capital Management Inc.) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. British Columbia Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises