General Information
Broker Name: Expochains
Broker Type: Forex & CFDs
Country: Luxembourg
Operating since year:
Regulation: FCA, FSCS
Address: ExpoChains Ltd, 2 Rue des Dahlias, 1411 Luxembourg, Business center in Luxembourg City
Broker status: Active
Customer Service
Phone: +442037692074
Email: [email protected]
Languages: English, French, German
Availability: 24/5
Trading
The Trading platforms: MetaTrader 4, MetaTrader 5
Trading platform Time zone: /
Demo account: No
Mobile trading: Yes
Web-based trading: Yes
Bonuses: No
Other trading instruments: Yes
Account
Minimum deposit: $250
Maximal leverage: 1:1000
Spread: Floating From 0.0 Pips
Scalping allowed: Yes
CONTENT
- First Impressions
- Fund and Security
- Account Types
- Trading Platform
- Trading Asset
- Additional Information
- Final Verdict
ExpoChains Review: Brokerage firm with a bright future
First Impressions
Numerous decisions might be made for you by the brokerage of your choice. A trustworthy broker will ensure you enjoy the safest and most successful trading sessions; in contrast, a shady broker will try to swindle you and steal your hard-earned money.
However, how do you go about locating a reliable brokerage? This is when we step in. Regardless of how big or little a broker is, we consistently review them and provide you with our frank assessment of their offers.
We’ll perform another broker examination today and give you the ExpoChains review. We will go over everything from the broker’s regulatory safeguards to its customer service and deposit/withdrawal options. So stay tuned and join us as we assess ExpoChains’ credibility.
Funds and Security
Since complete information is given to registered dealers, there may be a shortage of knowledge in this area. However, it appears that ExpoChains allows most payment options, including bank wire transfers, any VISA or Mastercard, ExpoChains withdrawals, and deposits.
The broker does not charge fees for deposits but depending on the withdrawal method chosen by the trader; withdrawal fees may take on a variety of forms. The broker’s only commission fees known to charge for wire transfers are the bank’s fees, typically greater than $20. Processing times vary based on the form of payment; while using debit/credit cards can be immediate, it can potentially take up to a few hours. Bank wire transactions, however, may take 3-5 working days.
Account Types
It’s time to get to account types in our ExpoChains review. There are five account types available at this brokerage firm. The following are the names of the said account types: Bronze, Silver, Gold, Premium, and Black. The first four account types are retail, and the black account is tailored; it’s a more elevated VIP experience.
The amount you deposit with the broker will determine all of the broker’s accounts, which include several different ones. The different account types include black, premium, silver, gold, and bronze. There is a minimum deposit requirement for 10,000, 25,000, 50,000, and 100,000 dollars, respectively. Additional features are added to an account at each progressively higher level, improving the clients’ trading experience. Although some people might find this a little irritating, having a tiered structure like this is not terrible. The traders can stay secure in their deals by requiring clients to deposit only the amount they feel comfortable spending and shutting them out of higher tiers. They won’t be able to take on more risk than they can bear, preventing them from suffering significant financial losses. Conversely, people that trade profitably are given more tools and better investing options.
Trading Platform
The ease of maintaining statistics is a crucial benefit of WebTrader. You can take a snapshot of the chart straight from the browser. To examine your trades, it is convenient to preserve these screenshots. History always makes it easier to discover errors. Screenshots are used for this. You can identify many errors and fix them afterward by going back and reviewing them.
The ability to add text comments to the chart is another useful feature missing on expochains.com. This is incredibly useful. Because you can make notes directly on the WebTrader chart when you flip over the screen and notice something; otherwise, you’ll undoubtedly forget what you observed and why you opened the transaction.
Trading Assets
Many options are available to suit every trader’s preferences, including more than 1000 products from the ExpoChains Forex broker, including forex, cryptocurrencies, stocks, indices, commodities, and currency indices. Over 60 currency pairs are accessible on expochains.com, one of the world’s biggest, busiest, and most volatile financial markets.
The broker’s maximum leverage is 1:1000, and for the Razor account type, the variable spread can start at 0 pip on key currencies. The most thrilling financial market of the present is where millions of traders trade digital currencies, starting with Bitcoin and moving on to Ethereum, Ripple, Dogecoin, and other cryptocurrencies that the broker offers.
The spread varies depending on the currency and the kind of account, and the leverage offered on cryptocurrencies can reach 1:2 for retail accounts and 1:10 for black accounts. Financial broker ExpoChains makes several hundred companies’ shares available for trading by providing stock CFDs of more than 600 companies worldwide. These companies are based in the US, the UK, Australia, and Europe.
The greatest leverage available to traders is 1:5, and the market and company have different variable spreads. Traders have access to the NASDAQ, S&P 500, UK 100, and more than 20 additional indices from North America, Africa, Asia, and Europe.
The greatest leverage available for retail CFDs on indices is 1:20, and spreads vary depending on the account type and the index in question. Trading commodities, including precious metals, minerals, natural gas, and crude oil, is perhaps one of the oldest kinds of trading. ExpoChains broker offers access to more than 15 different commodities.
Leverage on a license can be as high as 1:20, but the spread varies and can be as low as 0.05 on certain commodities, such as gold. While not many financial brokers provide currency indexes for trading, ExpoChains provides the US Dollar, Euro, and Japanese Yen indexes. The spread is 1 for the Euro and Japanese Yen indexes, while the leverage is 1:5, and the spread is 6 for the USD.
Additional Information
We started reading various ExpoChains reviews written by real consumers, which showed that the broker has a good reputation among its users. But let’s assume that all of these assessments are sponsored for the sake of argument. In that case, we are left to evaluate the security features independently.
Recall how we warned you about the dangers of using high leverage rates for your account. Evidently, ExpoChains is aware of this risk as well and offers powerful negative balance protection. It shields your positions against catastrophic losses: if you open a leveraged position and the trade goes against you, there’s a chance you may entirely run out of money.
You are not at risk from such a thing if you have negative balance protection. The software will automatically close out your position when your account balance approaches 0 and prevent you from incurring further losses.
Account segregation is a further crucial method of fund safety. Your money won’t be kept on the ExpoChains balance when you make a deposit. You would be put in jeopardy due to the abuse: the broker could have paid out its other clients with your money during the financial crisis or something similar.
Instead, the funds are kept in separate bank accounts. The broker won’t mishandle your money if a reputable bank houses it. As a result, you can relax knowing that ExpoChains is keeping your money secure.
Let’s now discuss the consumer compensation fund. According to our ExpoChains review, the broker was previously approved as a reliable brokerage. Given the information listed above and a verifiable license, we think ExpoChains is a trustworthy broker. It makes an effort to keep your money as safe as possible. In conclusion, selecting ExpoChains as your trading partner is a wise decision.
ExpoChains Review: Final Verdict
You can get decent information regarding how trading with this broker is carried out on the ExpoChains website. It has a contemporary appearance with attractive color schemes and other elements.
We should note, however, that certain information is a little challenging to find. For instance, you must visit the FAQ area to learn more about commission rates. Given that, we cannot hold ExpoChains accountable for withholding information from you.
You can quickly create a retail trading account during the initial ExpoChains login process, which gives you many trading advantages. For instance, choosing your desired base currency and trading platform are simple choices in the registration window.
Additionally, the broker lets you choose a swap-free account if you are Muslim. Since Islam forbids trading or engaging in any activity that incurs an interest charge, Forex brokers go above and beyond to satisfy such demands. So, if you’re a carry trader constrained by your religion, don’t fret; ExpoChains has you covered.
Additionally, you can create a demo trading account. It lets you practice your newly acquired abilities while trading in a simulated market. Additionally, even seasoned traders can benefit greatly from using this account while switching from one market or trading approach to another.
We also discovered that ExpoChains has a respectable range of trading software. Traders can also use the ExpoChains demo versions of WebTrader. When a broker offers a WebTrader version, we are always thrilled since it gives them the most flexibility. All things considered, we have discovered that signing up with ExpoChains is unquestionably useful.
Good broker performance
This broker performs well. They have good trading services and I am fully satisfied with my profit.
Did you find this review helpful? Yes No
Easy withdrawals
Easy to withdraw money, no hassle.
Did you find this review helpful? Yes No
Good trading trainers
They have trained me do trading properly. Had given me free educational materials, too.
Did you find this review helpful? Yes No
Good services
Good services overall. I never encounter problems with tools and services.
Did you find this review helpful? Yes No
Amazing broker
Amazing forex trading broker with good trading terms. I am fully satisfied with this broker’s services.
Did you find this review helpful? Yes No
Good services
Enthusiastic customer service. They always turn concerns into positive experiences.
Did you find this review helpful? Yes No
Easy withdrawals
Easy to withdraw money, no hassle.
Did you find this review helpful? Yes No
Good broker company
I really had a positive experience from this broker company. highly recommended.
Did you find this review helpful? Yes No
Efficient trading services
Swift withdrawals and worthwhile trading results. I have no complaints, they are efficient trading brokers.
Did you find this review helpful? Yes No
Good trading company
They are enthusiastic and attentive to trading needs. They have helped me gain profit and are competitive.
Did you find this review helpful? Yes No
Great services
Forex broker with the greatest services. I gain good profit here.
Did you find this review helpful? Yes No
Good broker
Good customer service and great broker signals. I am truly satisfied with services.
Did you find this review helpful? Yes No
Fast withdrawals
I get my withdrawals on time and sometimes earlier.Their customer services are easy to deal with and brokers are highly skilled in the forex market.
Did you find this review helpful? Yes No
Good services
There are so many good reasons to keep the services. One of which is getting a really profitable trading signal.
Did you find this review helpful? Yes No
Good broker
I gain good profit and I am satisfied with all of their services. Proven and tested, a good forex broker
Did you find this review helpful? Yes No
Wonderful signals
Wonderdul trading signals. It gives me good profit. They are consistently great.
Did you find this review helpful? Yes No
Amazing customer service
Their customer service is truly amazing. They are very helpful and attentive most of the time.
Did you find this review helpful? Yes No
Convenient trading tools
They have convenient trading tools and services. I am happy and satisfied.
Did you find this review helpful? Yes No
Good broker performance
This broker performs well. They have good trading services and I am fully satisfied with my profit.
Did you find this review helpful? Yes No
Good profit
Good profit. Services are okay. I came in to gain money and I am truly satisfied with my profit.
Did you find this review helpful? Yes No
Fantastic broker company
Fantastic broker company. Services are really pleasant and there are so many ways to earn money.
Did you find this review helpful? Yes No
Good broker
I will definitely recommend this broker company to all people who are looking for extra income. They really have a lot to offer.
Did you find this review helpful? Yes No
Coomendable services
Commendable trading services. Fast and easy withdrawals.
Did you find this review helpful? Yes No
Consistently good
Happy to trade with them. They are consistently good.
Did you find this review helpful? Yes No
Fantastic broker
Fantastic broker company.Services are really pleasant and there are so many ways to earn money.
Did you find this review helpful? Yes No
Trustworthy
Trustworty. All transactions I had with this broker are always transparent. I am confident trading with them.
Did you find this review helpful? Yes No
Satisfied with services
They’ve assisted me in all my trading needs. I am happy and satisfied with the services.
Did you find this review helpful? Yes No
Competitive broker
They treat me real nice. Customer service and brokers has always been competitive. They never fail to help me get good trades.
Did you find this review helpful? Yes No
Good trading broker
One of the best choices to trade forex with. Signals and services are all worthwhile.
Did you find this review helpful? Yes No
Affordable trading instruments
They’ve got affordable trading instruments offered here. Services are awesome and best of all I am gaining good profit from my trades.
Did you find this review helpful? Yes No
Highly recommended
Good services and great people. Highly recommended.
Did you find this review helpful? Yes No
Highly commendable
They support me all the way and help me gain good profit. Highly commendable broker services.
Did you find this review helpful? Yes No
Reliable
Great source of market analysis and signals. A reliable trading broker to deal with.
Did you find this review helpful? Yes No
Good trading broker
One of the best choice to trade forex with. Signals and services are all worthwhile.
Did you find this review helpful? Yes No
Competitive broker
They treat me really nicely. Customer service and brokers have always been competitive. They never fail to help me get good trades.
Did you find this review helpful? Yes No
Smooth withdrawals
I was able to withdraw profit smoothly. I am getting good monthly profit which is fair enough for beginners like me.
Did you find this review helpful? Yes No
Highly recommended
I would highly recommend this broker. Services are always efficient.
Did you find this review helpful? Yes No
Worthwhile signals
This broker company is fairly new in the forex industry but really shows good performance. Signals are worthwhile.
Did you find this review helpful? Yes No
Fast withdrawals
Offer a wide range of markets, tight spreads and fast withdrawals. I gain profit from my trades, too.
Did you find this review helpful? Yes No
Impressive broker service
Impressive broker service. Withdrawal is fast and customer service is attentive. I am consistently gaining good profits, too.
Did you find this review helpful? Yes No
Worthwhile signals
This broker company is fairly new in the forex industry but really shows good performance. Signals are worthwhile.
Did you find this review helpful? Yes No
Offers great deals
Choose this broker company. They have really good deals and services to offer.
Did you find this review helpful? Yes No
Worthwhile signals
Excellent trading services. The signals are all worthwhile.
Did you find this review helpful? Yes No
Poor trading advise
Poor trading advise. I followed their trading instructions but got more losses than profits. I will not trade with them again.
Did you find this review helpful? Yes No
Good profit
It’s a little inconvenient to open an account with this broker, the initial deposit is a bit expensive. However, deals are profitable, worth investing with. Services are good, too.
Did you find this review helpful? Yes No
Good trading platform
Good platform. It is much easier to use and I find it more dependable.
Did you find this review helpful? Yes No
Good broker services
Good and responsive brokers and customer service. I have just started trading with them last month and so far all services seems good.
Did you find this review helpful? Yes No
Good brokers
They have good signals. Based on my trading results, I can say that they are good brokers. I gain profit from my trades.
Did you find this review helpful? Yes No
Trustworthy broker services
Trustworthy broker services. Tools, services, and signals are good.
Did you find this review helpful? Yes No
Outstanding trading services and signals.
Outstanding trading services and signals. I gain a good income, and the people are very nice.
Did you find this review helpful? Yes No
Great people
Great people. They have helped me gain good profit. I am happy and satisfied with my broker.
Did you find this review helpful? Yes No
Trading terms are awesome, and signals are very reliable
Trading terms are awesome, and signals are very reliable. They are highly recommended brokers for forex trading.
Did you find this review helpful? Yes No
I am overall satisfied and happy with this company.
I am dealing with very responsible brokers and good customer service. I am overall satisfied and happy with this company.
Did you find this review helpful? Yes No