Generic Trade Review

Generic Trade Logo

Generic Trade is a retail broker that has been operating since 1992 and offers futures and options trading via multiple trading platforms without the typical restrictions, such as minimum account balances and minimum volume requirements. They offer multiple account options and charge commission fees of $0.59 on trades. Clients also benefit from educational materials and a customer support team.

Generic Trade Review Introduction

In this Generic Trade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Generic Trade.

Generic Trade Platforms & Tools

Generic Trade Review Trading Platform
Generic Trade Review Trading Platform

The broker provides traders with multiple trading platforms, and they include:

  • Generic Trader Professional: This is the broker’s flagship trading platform. It is packed with a myriad of useful features, including advanced trader, streaming news, account detail, order book, and trading matrix. The platform is available as a desktop application for Windows and Mac computers.
  • Generic Trader Online: This is a web-platform that offers all the features of the desktop platform whilst requiring no downloads or installations. It runs directly on most modern web browsers and operating systems, including Google Chrome, Safari, Firefox, and Edge.
  • Generic Trader Mobile: This is a mobile platform that narrows down the full functionality of the Generic Trader trading platform to the screens of mobile devices. The mobile app is designed for Android and iOS devices and can be downloaded from the respective app stores. It allows traders to manage accounts and place trades on the move they have an internet connection.

Generic Trade Research & Education

The broker’s website has an FAQ section that offers instant answers to clients’ most common questions.

Generic Trade Trading Accounts

The broker offers various trading account types; they are tailored to meet the individuals’ trading objectives and capital. They include Individual, Joint, Partnership, Corporate, Trust, and IRA. There is also the free demo account that allows traders to try out the broker’s platforms and practice risk-free trading with virtual funds before opening a real trading account.

Generic Trade Account Funding

The broker accepts the following payment methods as the available deposit and withdrawal options:

  • Bank wire transfer
  • Automated Clearing House (ACH) deposits
  • 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.

Generic Trade Customer Service

Generic Trade offers a client support team that is available 24/7 to respond to clients’ general, technical, or account-based inquiries. They can be reached via Live Chat and some social media channels: Facebook and Twitter.

Generic Trade Regulation

Generic Trade is registered with and regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

Generic Trade Review Summary

Founded in the United States in 1992, Generic Trade is a regulated online trading broker that offers futures and options for online trading via sophisticated desktop, web, and mobile trading platforms. There are multiple account options that charge competitive commission fees without the common restrictions, such as minimum deposit and volume requirements. There are limited trading tools and educational materials on the broker’s website. However, there is an FAQ section that has answers to some common questions by clients.

It is worth mentioning that some of the trading products and services in this Generic Trade review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Generic Trade broker website which you can visit by using the link below.

There is a substantial risk of loss in trading futures and options. You should not risk an amount you cannot afford to lose.

Generic Trade

6.8

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.5/10

Support

6.5/10

Regulation

8.0/10

Features

  • Offers futures and options for online trading
  • Multiple trading platforms
  • An FAQ section