Unauthorised Firm Details

Name: GensMarkets
Website: gensmarkets.com

GensMarkets Review — Strong Warning Signs, Don’t Trust It Blindly

GensMarkets presents itself as a comprehensive online broker in forex, CFDs, and crypto, with a sleek website, multiple contact numbers, claims of UK presence, and promises of low spreads and high leverage. It uses a London address in its contact info and marketing to project legitimacy and trust.

However, under the surface there are many red flags:

• The broker is unauthorized in the UK, as a recognized regulator has issued a warning against it. That means they are operating without permission in that jurisdiction—your consumer protections are null there.

• The platform lacks disclosure of any valid, top-tier regulatory license. There is no verifiable proof they’re overseen by a serious financial authority.

• Many user reviews note that withdrawals either fail, are delayed significantly, or require sudden “verification fees” not present at deposit time. Some users say support goes silent when profits are requested.

• Reputation metrics are weak. Their Trustpilot score is low (around 2.2/5), with many complaints about pushy calls, aggressive sales tactics, and unfulfilled promises.

• Marketing claims include false UK address facts (they use the address of a well-known bank) and multiple phone lines. These types of tactics are often used by fraudulent platforms to appear more credible than they are.

Bottom line: GensMarkets has too many red flags to trust. Between regulatory warnings, lack of licensing, poor reputation, and user complaints around withdrawals, using the platform is extremely risky. If you have already deposited money, act immediately to document your evidence and explore recovery options.

Part 2 — Location & Risk Notes

• UK Regulatory Warning: The UK’s Financial Conduct Authority (FCA) has issued a public warning that Gens Markets is not authorized to conduct financial services in the UK. They caution consumers to avoid dealing with them. FCA

• False Address Claim: GensMarkets uses the London address 25 Bank Street, E14 5JP in its contact info—an address that belongs to a different, legitimate firm (JP Morgan). The FCA warns the company is misusing that address. FCA

• Lack of Regulation: Analysts note that GensMarkets is not regulated by any top-tier regulator. It does not appear in major regulatory registries, making it a high-risk operation. BrokerChooser+3BrokerChooser+3BrokersView+3

• Investor Alerts in Canada: Canadian securities regulators have issued warnings that GensMarkets is not registered and is not authorized to solicit investors in provinces like Québec. Securities Administrators

• Listed in Scam / Regulated Forum Warnings: The Financial Commission (a self-regulatory forum) has added GensMarkets to its warning list, flagging it as suspect. The Financial Commission

• User Feedback / Complaints: On Trustpilot, many users complain of aggressive cold calls, blocked withdrawals, and pressure to deposit more. The score is 2.2 out of 5. Trustpilot

• Broker Violations / Scam Labeling: Sites like BrokersView explicitly list GensMarkets as operating without regulatory oversight and as a potential scam that hides licensing. BrokersView