Based on 40 verified reports, this firm maintains a 22% trust rating within the Saving Traders community.
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"If I could give no stars it would be that Pass the challenge and was never able to log back in , no response from instagram or emails."
"The biggest firm you need to avoid is this company; they're full of deceit and tricking people into adding more money, and in the end, they'll disappoint you. Avoid them at all costs. Choosing to move on with PAIVA has been the best option I've made so far."
"This Genesis firm is a big scam,and they know it, when I was making losses they were cool with me, but immediately I started making profits they declined my payments on two occasions without explanation. Total scam"
"I'm glad the website is moving but by bit and they're improving their prop account. It's will be nice having a good prop firm to trade it. Join me by renting a smart funded hft on mlq5."
"They declined two of my payments and when I asked for an explanation, they didn’t reply to my email and DM."
"Don't trust this firm pure scam. Do ur research before u invest in any unknown firm u will be scammed."
"Check the name on my headline from my display picture for help of your funds back."
"Never go with this genesis funded trader. First they added my excuse that I use algo trading and second suspended my account that I have copied my trades. Better to go with FTMO funded trader"
"Denied third payout They denied my 3rd payout, they are into clean scamming business."
"Please stay away from this company, i have been denied two payments which made 8k in profits, with no reasoning behind why they denied the withdrawal. I now cannot even trade on the account. I have sent countless emails to their support which is a Gmail account, to no avail. I invested 700£ in to purchasing the 200k account which i know i will not get back. But i will be reporting to action fraud"
"Genesis Forex Funds is the biggest scammer of this century and must be stopped immediately to save many more victims. I traded and made profits but they refused to pay me, saying that my trades are similar to some other trades I don’t know. Does anyone know their real company registered name and address in the UK? I need this information to get my money from them."
"I bought a 200k challenge and passed the challenge and traded and made profits. When I applied to withdraw my split of the profit, they declined it, saying that my account is similar to other traders. They allow the use of EA, how will they claim my trades are similar to other trades I don’t know."
"I have two accounts with them and they have paid on one account first time but declined on the other. Since then they have declined 3 more withdrawal request. I have send them numerous emails for an explanation but no response from the what so ever. Again they have decline today and the reason they gave me is OTHER . I have emailed them but I am not expecting any response from them. I am not ever going to request request withdrawal from the one more account as I know they will not pay me. They are just looking for any excuse not to pay. Hence, if anyone reading this please be very careful as they will not pay as you would expect. I am absolutely disgusted with their behaviour and response as it would have been nice if they gave me at least an explanation. I did not see any issue when they took my money."
"AVOID!!!!! They are a big scam. ALL THE GOOD REVIEWS ARE FAKE. It’s their employees and paid reviews. They denied my payout 3 times saying I copied other people’s trades and that they are the same. I have proof that this was not the case. But of course they won’t reply to you. Don’t waste your time with these scammers. Also you can dispute it with your bank to get your money back. WE MUST FIGHT AGAINST SCAMMERS LIKE THESE."
"Rejected payouts So far I've been rejected for more than 8 payouts with different accounts, all for different reasons, the last one was rejected for not reaching the minimum trading days, instresting enough it states in all of their websites that there is 0 minimum trading days but yet they are giving this as an excuse not to payout... Really disappointing."
"SCAM WARNING! Do not buy any challenges as this prop firm seems to be a cash grab. They will tell you your trades are the same or similar to other traders and say you are copy trading and not payout or close your account. They refused my first payout saying this then I emailed them stating they are scamming people because everyone I know who are with them can’t ever get payouts, now on my second payout request they closed my account without an actual reason other then I copy trade when I was making my own trades."
"This company is just looking for excuses for not to pay. Plenty off emails sent no reply. Asked for my money back that I paid still no reply. Finally got intouch with my bank and they got intouch with the merchant and boom 3 days later came back with a response that my accounts are no longer active due to trade copying. What a complete utter garbage."
"Stopped responding to communications and have changed their main contact email to a 'Gmail' account. Sent around 12 emails/ contact forms over 2/3 weeks and had no response. They did not process my KYC, which means I am unable to request a withdrawal. DONT GIVE THIS PROP FIRM YOUR MONEY."
"Nothing new to add had my payment denied for copy trading . Reset my account made profit again then banned me for copy trading . All my own trades with all rules followed. This company won’t be here next month absolutely disgusting they can get away with it . Basically take your money with no intention of paying you out"
"Beware: AVOID THIS COMPANY Upon earning profits on a $100k account, I paused trading to verify the pay-out process. It became apparent that conducting KYC on their website was impossible due to a persistent error message, likely intentional. Despite reaching out via email and website messaging, I received no response, indicating suspicious activity. I will be now initiating a chargeback through my bank for the challenge fee. Update 16/04/2024: After notifying my bank and leveraging Visa Law, the chargeback proved successful. I urge anyone who has fallen victim to this scam company to reach out to their bank and initiate a chargeback, clearly stating that you are a victim of fraud and that the company in question is engaging in deceitful practices. Providing evidence such as Trustpilot reviews and screenshots of all correspondence sent, along with highlighting the lack of responses, can bolster your case. Additionally, this measure should ideally disable their payment terminal, halting any future card transactions with potential victims and hopefully a criminal charge."
