Genie Ltd is an entity registered and operated in Saint Lucia. These Terms govern the relationship between Genie LTD and the Introducing Broker (IB), together referred to as the Parties.
This document outlines the scope of the IB relationship, compensation structure, compliance obligations, conduct standards, commission rules, termination rights, and the legal framework governing the arrangement.
The IB relationship is limited to client introduction and related onboarding support. Nothing in these Terms authorizes the IB to act as Genie’s employee, agent, or financial adviser unless explicitly approved in writing.
Genie authorizes the IB to introduce clients to Genie’s trading platforms for the purpose of conducting trading activity. The IB’s role is limited to introducing prospective clients and supporting their onboarding within the boundaries of these Terms. Compensation becomes relevant only after a referred client has been approved and has actively funded a trading account, and the IB’s entitlement is based exclusively on the trading activity of referred clients.
Genie authorizes the IB to introduce clients to Genie’s trading platforms for the purpose of conducting trading activity. The IB’s role is limited to introducing prospective clients and supporting their onboarding within the boundaries of these Terms. Compensation becomes relevant only after a referred client has been approved and has actively funded a trading account, and the IB’s entitlement is based exclusively on the trading activity of referred clients.
Genie shall remunerate the IB in accordance with these Terms and the applicable compensation schedule. Commission data will be made available through Genie’s secure, password-protected platform, and any discrepancies must be reported within five business days or the posted information will be deemed accepted. Commission withdrawals may only be processed upon written instruction from the IB and paid to an account in the IB’s own name held with a recognized financial institution, provided all obligations under these Terms have been satisfied. Genie may withhold, adjust, or decline payments where entitlement cannot be verified or where the Terms have not been complied with. No commission or rebate is payable for trades classified as Scalping Trades, and under no circumstances may the IB receive more than forty percent of the total funds introduced for a client account as rebates or commissions; any excess amount will be returned to the client account.
Genie shall remunerate the IB in accordance with these Terms and the applicable compensation schedule. Commission data will be made available through Genie’s secure, password-protected platform, and any discrepancies must be reported within five business days or the posted information will be deemed accepted. Commission withdrawals may only be processed upon written instruction from the IB and paid to an account in the IB’s own name held with a recognized financial institution, provided all obligations under these Terms have been satisfied. Genie may withhold, adjust, or decline payments where entitlement cannot be verified or where the Terms have not been complied with. No commission or rebate is payable for trades classified as Scalping Trades, and under no circumstances may the IB receive more than forty percent of the total funds introduced for a client account as rebates or commissions; any excess amount will be returned to the client account.
The IB must ensure that its officers, employees, and representatives comply with Genie’s policies and with all applicable laws and regulations in the IB’s jurisdiction, whether by direct compliance or valid exemption. Genie may explain the nature of the IB relationship to clients and retains full authority to approve or reject client applications and to administer all client accounts on its platforms. The IB must ensure that each referred client identifies the IB correctly on all required Genie forms and applications. Nothing in these Terms limits Genie’s right to enforce its client policies on introduced accounts, including restrictions, liquidations, or other account-level actions where required.
The IB must ensure that its officers, employees, and representatives comply with Genie’s policies and with all applicable laws and regulations in the IB’s jurisdiction, whether by direct compliance or valid exemption. Genie may explain the nature of the IB relationship to clients and retains full authority to approve or reject client applications and to administer all client accounts on its platforms. The IB must ensure that each referred client identifies the IB correctly on all required Genie forms and applications. Nothing in these Terms limits Genie’s right to enforce its client policies on introduced accounts, including restrictions, liquidations, or other account-level actions where required.
The IB must clearly disclose that it receives referral-based compensation from Genie and ensure that clients understand the nature of this arrangement. The IB must not provide financial advice, make profit guarantees, or make misleading or unauthorized statements about Genie or its services. The IB may not present itself as an employee of Genie and must represent Genie accurately while remaining familiar with Genie’s procedures. Discretionary trading or trade execution on behalf of clients is only permitted where supported by a valid, signed, and pre-approved power of attorney. The IB also acknowledges that clients engaging in prohibited trading practices, such as manipulation, arbitrage, or other exploitative conduct, may be subject to sanctions by Genie. Any misrepresentation by the IB may result in immediate termination and forfeiture of unpaid compensation.
The IB must clearly disclose that it receives referral-based compensation from Genie and ensure that clients understand the nature of this arrangement. The IB must not provide financial advice, make profit guarantees, or make misleading or unauthorized statements about Genie or its services. The IB may not present itself as an employee of Genie and must represent Genie accurately while remaining familiar with Genie’s procedures. Discretionary trading or trade execution on behalf of clients is only permitted where supported by a valid, signed, and pre-approved power of attorney. The IB also acknowledges that clients engaging in prohibited trading practices, such as manipulation, arbitrage, or other exploitative conduct, may be subject to sanctions by Genie. Any misrepresentation by the IB may result in immediate termination and forfeiture of unpaid compensation.
Certain instruments, including individual stocks, cryptocurrencies, ECN-based trades, and futures contracts, do not qualify for rebate payments, and no remuneration will be issued in respect of those products. Genie may adjust rebate levels for certain accounts when needed for risk-management purposes, with prior notice to the IB. The applicable remuneration framework is defined in the compensation table or schedule provided by Genie, including account categories, expected trading volume, rebate per standard lot, and any markup commission arrangements. Genie reserves the right to revise rebate rates, commission terms, or related commercial conditions as operational needs require, subject to notice being given to the IB.
Certain instruments, including individual stocks, cryptocurrencies, ECN-based trades, and futures contracts, do not qualify for rebate payments, and no remuneration will be issued in respect of those products. Genie may adjust rebate levels for certain accounts when needed for risk-management purposes, with prior notice to the IB. The applicable remuneration framework is defined in the compensation table or schedule provided by Genie, including account categories, expected trading volume, rebate per standard lot, and any markup commission arrangements. Genie reserves the right to revise rebate rates, commission terms, or related commercial conditions as operational needs require, subject to notice being given to the IB.
The IB confirms that it is properly constituted, lawfully operating, and compliant with all regulatory requirements applicable in its jurisdiction, whether acting as an individual or legal entity. The IB is solely responsible for its own tax obligations arising from income earned under these Terms. The IB may not use Genie’s trademarks, branding, or intellectual property without prior written approval and may not present itself as Genie’s employee or agent. The IB must ensure that all introduced clients complete the required account-opening documentation and provide all necessary supporting documents. Genie bears no responsibility for any guidance, recommendation, or statement made by the IB, and the IB accepts full liability for its own conduct and communications with clients. The IB’s role is limited to introductions and onboarding assistance and must not be portrayed as advisory or discretionary in nature unless separately authorized.
The IB confirms that it is properly constituted, lawfully operating, and compliant with all regulatory requirements applicable in its jurisdiction, whether acting as an individual or legal entity. The IB is solely responsible for its own tax obligations arising from income earned under these Terms. The IB may not use Genie’s trademarks, branding, or intellectual property without prior written approval and may not present itself as Genie’s employee or agent. The IB must ensure that all introduced clients complete the required account-opening documentation and provide all necessary supporting documents. Genie bears no responsibility for any guidance, recommendation, or statement made by the IB, and the IB accepts full liability for its own conduct and communications with clients. The IB’s role is limited to introductions and onboarding assistance and must not be portrayed as advisory or discretionary in nature unless separately authorized.
Genie shall compensate the IB for services performed under these Terms in line with the relevant payment schedule, subject to round-turn trade completion, minimum client balance requirements, and the accrual of applicable trading fees. Positions opened and closed within thirty seconds will not be included in rebate calculations, and bonus-sharing arrangements will be calculated based on fifty percent of the relevant trading volume where applicable. Genie may withhold or adjust payments where disputes, complaints, or unresolved review matters exist. All notices between the Parties must be in English and may be delivered by email or in person, with notices to Genie directed to support@geniefx.com. These Terms remain effective for one year and renew automatically unless terminated. Either Party may terminate on five business days’ written notice, while Genie may terminate immediately in the event of breach, misconduct, or misuse. On termination, the IB must remove or return all Genie-related branding, materials, documents, and intellectual property, and any outstanding remuneration will only be settled if the IB has fulfilled all obligations under these Terms.
Genie shall compensate the IB for services performed under these Terms in line with the relevant payment schedule, subject to round-turn trade completion, minimum client balance requirements, and the accrual of applicable trading fees. Positions opened and closed within thirty seconds will not be included in rebate calculations, and bonus-sharing arrangements will be calculated based on fifty percent of the relevant trading volume where applicable. Genie may withhold or adjust payments where disputes, complaints, or unresolved review matters exist. All notices between the Parties must be in English and may be delivered by email or in person, with notices to Genie directed to support@geniefx.com. These Terms remain effective for one year and renew automatically unless terminated. Either Party may terminate on five business days’ written notice, while Genie may terminate immediately in the event of breach, misconduct, or misuse. On termination, the IB must remove or return all Genie-related branding, materials, documents, and intellectual property, and any outstanding remuneration will only be settled if the IB has fulfilled all obligations under these Terms.
These Terms are governed by and interpreted in accordance with the laws of Saint Lucia, and any disputes, claims, or controversies arising out of or in connection with them are subject to the exclusive jurisdiction of the courts of Saint Lucia. The Terms are drafted in English, and any translated version is provided for convenience only; if any inconsistency arises, the English version prevails. All business information and client details must be kept strictly confidential, and confidentiality obligations continue indefinitely even after termination of the relationship.
These Terms are governed by and interpreted in accordance with the laws of Saint Lucia, and any disputes, claims, or controversies arising out of or in connection with them are subject to the exclusive jurisdiction of the courts of Saint Lucia. The Terms are drafted in English, and any translated version is provided for convenience only; if any inconsistency arises, the English version prevails. All business information and client details must be kept strictly confidential, and confidentiality obligations continue indefinitely even after termination of the relationship.
If you have any questions or require clarification about these IB Terms and Conditions, please contact us: