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Regenesis Markets Review, Regenesis Markets Company
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Regenesis Markets Review
  • Client Feedback
  • Customer Support
  • Regulation
  • Fund Safety
1.1

Summary

Regenesis Markets is a company with many loopholes in its website, and its information is withheld. The company is not transparent in its dealings and does not inspire investor’s trust. Invest with the best forex trading companies and enjoy professional services.

The forex space sees the rise of new brokers each passing day. Sadly, most of the companies setting up are scammers, and not legal. That is why thorough research is necessary before you invest your hard-earned cash. Regenesis Markets is a provider of Contracts for Difference on forex and other assets. These other assets include shares, commodities, EFTs, options, and indices. It provides clients with all the necessary tools and support. This is very attractive.

Regenesis Markets Review, Regenesis Markets Company

However, in our research, we found that Regenesis Markets is not fully transparent with the customers. There is a huge red flag involved with this company that you should not ignore. These people are willing to do anything to convince clients to invest.

Thankfully, there are many legitimate forex brokers in the market. Such companies have been there for a long time and operate with full transparency. Moreover, they do not use lying tactics to attract business. These companies consistently offer excellent services and a safe working environment.

Regenesis Markets Review

When you land on regenesismarkets.com, you immediately see the eagerness of the company. The front page launches with a competition to win a PS5 when you fund your account. This shows how much the company wants people to invest their money. The company may not be doing as well as they want you to think.

Some of the assets offered include forex, indices, CFDs, metals, cryptocurrencies, and futures. This is very attractive as investors can spread risks across different assets. However, this does not matter when the company fails to provide a safe trading environment.

Further, the company offers several payment options. These include bank transfers, credit cards, and e-wallets such as Skrill and Neteller. These are reliable payment options that allow you to recover your funds in case of an issue.

Additionally, it operates an MT5 trading platform. This is one of the most popular trading platforms among traders.  It helps in trading a wide range of products under one platform. Additionally, it enables automatic trading with the help of trading robots. You can access the trading platform on a variety of devices.

Customer Support

Regenesis Markets have a live chat option on their website. However, this is just a decoy as it does not work. All they offer is a contact form to fill. This is just a marketing tool to lure unsuspecting investors. The company even fails to say when clients should expect a reply from customer support. This shows a lack of professionalism by the team behind the operations.

Luckily, they have an email address and a phone number which you can reach at any time of the day. You can contact them via the email info@regenesismarkets.co.za. You can also reach them via the phone number +27(0)10 842 1367. However, we tried calling the number, but it was always offline in several tries. Remember that providing an email and phone number is no guarantee of response. This is very worrying for a company that promises world-class customer support.

Regenesis Markets Account Types

Regenesis Markets offers three main account types to clients. These include Copy account, International MT4, and JSE Equities. These account types differ depending on the services that clients receive. Let’s look at each of them.

The Copy account allows users to copy and follow the trading process of experts. This account offers clients leverage of 1:200. However, the company does not tell clients who their experts are. It is impossible to know what kind of trading experience these people have. Consequently, it is hard to know the success rate of their trades.

Regenesis Markets Scam Review, Regenesis Markets Account Features

The next account type is the International MT4 account. This gives clients leverage of up to 1:1000. This account type requires a minimum deposit of $50. Clients receive an MT4 platform on mobile and desktop. Further, the company promises razor-thin spreads and no commissions.

The final account type is the JSE Equities account. This offers a leverage of up to 1:10. This gives clients a Protrader mobile and desktop platform. Clients can trade both local and international markets.

Founders and Physical Location

Knowing the people behind a company is very important. Investing with mysterious people on the internet poses a lot of risks. Sadly, Regenesis Markets does not introduce us to its founders. This is very worrying. Knowing who you are investing with creates peace of mind. Therefore, mysterious people are more likely to scam you. Most fraudsters hide their identities to avoid facing the law in case of anything.

Regenesis Markets is a registered entity in South Africa. They also have offices in Nigeria, Tanzania, Mauritius, Botswana, Zimbabwe, Kenya, and Cyprus. This means you can track the company down in case of an issue.

Regenesis Markets Regulation and Fund Safety

You must invest with well-regulated companies. Regulatory bodies ensure that companies run their operations legally. Luckily, Regenesis Markets is a registered and regulated company. They have regulation from the FSA of South Africa with an FSP number of 49977. This is a valid registration number.

However, its parent company, Heart Capital Limited from Belize, has its own flaws. Firstly, it provides fake Belize license numbers. Also, the license numbers are of another company, VeronicaFx, a highly controversial broker. As such, the company is not a trustworthy broker. We cannot, in our right minds, recommend them to you. Also, it is not part of any money protection schemes. There are just too many controversies with this company. Investors’ funds are not safe. The risks of investing with them are too many.

Domain Insight

The official domain for this company is regenesismarkets.com. Let’s take a look at the popularity of this website according to Alexa ranking. It ranks 1,276,556 on Alexa. This is very low for a company that claims to be Africa’s leading forex broker. You should always invest with companies that have more traffic on their website. More traffic means more reliability and popularity.

The company’s website does not state the founding date. However, Whois records reveal the registration date as August 2018. They recently updated their registration in December 2020 up to August 2021.

It is impossible to tell whether they plan to stick around after this period. Most companies register their domains for only one year. They then disappear when the registration runs out. You should only invest in companies that show commitment to serving for a long time.

Final Verdict

Regenesis Markets is not a company you can trust. We cannot, in our right minds, recommend this broker to you. There are too many gaps that they first need to address before we can trust them fully.

First, we do not know who the founders are. A reliable and honest company will always disclose the names of its founders and board members. It is very easy to lose investments with unknown individuals as they can disappear anytime.

The parent company also uses a fake license number that matches another controversial company. This is very shady. A clear indication that they are liars. You cannot trust companies that use such ploys to attract customers.

Thankfully, there are many legitimate forex brokers in the market. Such companies are well regulated and have proven to be very reliable for a long time. Only invest with such companies for your peace of mind.

 

 

 

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