Generic Trade -Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2022-03-04 17:55

Abstract：Generic Trade, based in the United States, is a discount brokerage firm specializing in online futures and options trading, registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Generic Trade was specifically designed for experienced traders and for those working with experienced traders, mentors and/or trading schools, so they dont have to pay for the resources that they do not require.

General Information

Generic Trade, based in the United States, is a discount brokerage firm specializing in online futures and options trading, registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Generic Trade was specifically designed for experienced traders and for those working with experienced traders, mentors and/or trading schools, so they dont have to pay for the resources that they do not require.

Market Instruments

Generic Trade allows traders to exclusively trade futures and options via the provided proprietary trading platforms.

Account Types

Generic Trade offers various trading account types, such as Individual, Joint, Partnership, Corporate, Trust, and IRA. There is also the free demo account for practice purposes. There is no minimum deposit required to open an account.

Commission

All accounts regardless of size or volume are 59¢ commission per trade.

Trading Platform

Generic Trade provides traders with multiple trading platforms, and they include: Generic Trader Professional, Generic Trader Online and Generic Trader Mobile.

Deposit & Withdrawal

Clients can deposit and withdraw funds to and from the trading account via bank wire transfer, ACH deposits, and inter-account transfers. Some payment methods may not be available in some specific countries, whereas the transaction processing times may vary, depending on the payment method.

Accepted Countries

Generic Trade is a global brokerage firm and as such it accepts accounts from most countries.

Customer Support

If clients have any questions or concerns, please call 800.707.2006 or +1.847.926.3111 (From outside the United States) or 800.588.9055 (24 hour Tech & Trading Support, Account Number Required), or email to info@generictrade.com for consultation.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker

Related broker

No Regulation

Generic Trade

Company name：Generic Trade

Score

1.56

Website：https://www.generictrade.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.56

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