Beware! Regenesis Markets is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


There is something that’s not right with Regenesis Markets. It’s a licensed entity that seemed like a broker you can trust, but as we delved deeper into it, we found many controversies not looking good on a regulated broker. Found out what made us wary us in the full Regenesis Markets review.


Regenesis Markets is a South African company licensed and regulated by the local financial authority- FSCA. Strangely though, Regenesis Markets introduce itself as a trading name of Heart Capital Limited, providing Belize license numbers, which are fake, as a matter of fact. The financial regulator IFSC issued a warning against an entity that’s using precisely the same license numbers- Veronica Forex. The latter is also a trading name of Heart Capital Limited and we found ourselves bamboozled in the end, so we can no longer recommend them to the traders. Your funds are not safe if you deposit with Regenesis Markets because it’s highly controversial a broker, notwithstanding the South African license they hold. Moreover, Regenesis Markets is not part of money protection schemes such as the European ones, so stay away from this broker.

Trade with legit CySEC(EU) and FCA(UK) companies instead, which are the leaders in the retail FX industry. In Europe, the brokers have to comply with many strict rules laid out as customer protection measures. The list includes minimum capital requirements of 730 000 EUR, personnel qualification standards, segregation of the clients’ accounts and daily trading reports, to name a few. But most importantly, there are money protection schemes, which guarantee the safety of the traders’ funds. Under CySEC(Cyprus) regulation, you can claim up to 20 000 EUR in compensation, while in the UK you are protected up to 85 000 GBP. Each EU member state is compelled to operate similar insurance funds, which are seen as the last resort for the traders if a Forex broker fails to meet its financial obligations.

Here you can see the Regenesis Market license. It’s certainly awkward to see them trying to legitimise by using fake Belize license numbers and the name of a contentious company. We can raise this question in front of the South African authority, as well because this issue certainly undermines their reputation!

Regenesis Markets TRADING SOFTWARE

Regenesis Markets offers MetaTrader4 accounts to its clients; MetaTrader5 is not available for trading. That’s beneficial for the traders because MT is the best retail FX trading platform. It’s stable and reliable, but also include sophisticated trading tools and features such as Expert Advisors, Automated Trading and Complex Indicators, to name a few. There’s even a marketplace where the customers can buy or use for free a variety of third-party-developed solutions to enhance their trading performance.

The EUR/USD spread provided by Regenesis Markets is competitive-  0.1 to 0.3 pips. The spread is the price traders have to pay to open a position on the markets, so the lower spreads make trading conditions better and improve the profit potential. Still, we cannot recommend Regenesis Markets due to its legal issues. Most of the regulated brokers offer Buy/Sell difference of 0.1 pips, so you’d better stick to them instead of doing experiments with controversial entities such as Regenesis Markets.

There are only two possible leverage levels- 1:100 and 1:500, and it’s an alarming sign whatsoever. The regulated brokers allow the traders to adjust the leverage levels to their own preferences and not restrict the traders to two ratios only! At the same time, they offer a leverage of 1:1000 on their webpage, posting an information discrepancy which certainly undermines their credibility. Beware.

The leverage is a powerful financial tool that boosts the profit potential, but the risks increase proportionally. If misused 1:500 might cause utter losses in a matter of minutes, if not seconds. Due to the risks involved the EU, UK and Australia (from 2021) forced a leverage cap of 1:30, while Canada and the US agreed on 1:50 as a customer protection measure. The tremendous risks aside, we do not recommend trading with 1:500 brokers also because most of these are low or non-regulated, i.e. unsafe to trade with.


Wire Transfers’ minimum deposit is $50, with seemingly no restrictions if you use other means of payment. The industry standard is $100 on average though. The funding methods are said to be Credit/Debit cards, Wire Transfers, Skrill and Neteller.

There are no minimum withdrawal restrictions, matching with the regulated brokers’ practice. There are also no withdrawal fees specified in size and scope. The withdrawal request is said to be processed shortly, but in some cases, the withdrawal time might be increased up to 5 working days, which is somewhat an obscure clause. The regulated brokers deal with the matter for 48 hours on average, as a comparison.

There are no fees for inactivity specified, but it’s worrisome that Regenesis Markets doesn’t even put the dormant accounts into consideration. The regulated brokers usually charge the dormant accounts with an inactivity fee of 5 to 10 dollars per month.

Regenesis Markets is running a contest- a trader might win PlayStation 5. It’s said that separate Terms and Conditions apply, but we were unable to grasp these. Traders should know that the EU and the UK prohibited the trading incentives because the bonuses offered are more often than not increasing the traders’ risk and are generally considered inadequate for the financial markets.

Overall, Regenesis Markets is a controversial broker undermining its trustworthiness notwithstanding the license that they have. Stay safe and avoid Regenesis Markets, but trade with adequately regulated companies such as the European, American or Australian ones.


A group of scammers usually operates many scam brokers, scam websites and call centres. Sometimes they simply rely on the quantity; they create many websites waiting for traders and investors with little or no experience to bite. Nowadays, it’s very cheap to create one, and it looks like a profitable strategy, as they carry on doing it.

Anonymous offshore companies stand behind many fraudulent brokers. Jurisdictions such as the Marshall Islands, the Commonwealth of Dominica or St. Vincent, and the Grenadines fail to adequately regulate their financial sectors. The three mentioned do not even issue Forex broker licenses. It makes it easy for scammers to quickly incorporate companies there and begin to unlawfully sell Forex products and services on regulated markets such as the Europen, American or Australian ones. Lack of regulation equals lack of customer protection and safety, so even if the broker is not ill-intentioned, the traders remain vulnerable. That’s why you should always avoid offshore brokers, no matter the promises they make.


Unfortunately, no one is immune to scam. What you need to do first, in case you got scammed, is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you necessary instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

It’s crucial not to rush blindly trying to recover your funds because many scam recovery agencies and individuals are stalking, aiming to double scam the victims. They ask for an advanced payment, but do nothing to help you recover your losses and simply pocket the money you’ve sent!

Share online your experience; it’s important to protect others, as well. Be responsible!

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1 Comment

  1. Stay very very far away from this brokerage, it’s a complete and utter mess. 3 months later we are still waiting for the funds this brokerage decided to illegally send out the country, that’s if this story is true as all we’ve heard and had said to us is lies and more lies.

    Criminal cases have now been opened and they will he investigated by the commercial crimes unit (HAWKS) in South Africa, reporting has also been made to the FSCA as well as to the reserve bank.

    If you have money here take it out. Also in future beware of this brokerage rebranding as that’s what seems to be their MO.

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