ANSWER We strongly suggest you drop the plan to engage with Gens Markets, a fraudulent platform coming with significant risks.Gens Markets fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.Additionally, Gens Markets provides an address in the UK. If it were located in this country, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Gens Markets, saying it is an unauthorized firm.In essence, Gens Markets is an unregulated broker. To check a broker's regulatory information is more important than its commission, when making an investment decision. Due to its unlicensed status, investors dealing with this platform are exposed to fraud or identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors stay away from unlicensed brokers like Gens Markets and instead choose a fully regulated one.
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