Broker Name: Gigachains
Broker Type: CFD
Operating since year: 2022
Broker status: Active
Languages: English, German
The Trading platforms: Proprietary
Trading platform Time zone: /
Demo account: No
Mobile trading: Yes
Web-based trading: Yes
Other trading instruments: Yes
Minimum deposit: $250
Maximal leverage: 1:50
Scalping allowed: Yes
- General Information & First Impressions
- Fund and Account Security
- The Trading Accounts
- Gigachains’ Trading Platform
- Funding and Pricing
- Trading Products at Gigachains
Broker Review: Gigachains
General Information & First Impressions
Gigachains is a new CFDs brokerage that specializes in currency trading. Its asset selection includes both traditional currencies and crypto, making it versatile. However, it’s also apparent that Gigachains is a rather specific brokerage. In our Gigachains review, we’ll go over the firm’s crucial features and customer treatment.
If you go to gigachains.com, the first thing you’ll likely notice is that it’s in German. The translation to English works well, but it’s obvious who the broker’s primary audience is. And while it deters a lot of traders, we welcome brokers who don’t use English as their primary language.
The online trading market is saturated with brokers, and most of them aim to attract a broad audience. That means they use English as their primary language. However, there’s a lot of emptiness in the market when it comes to brokers that prioritize other languages.
As such, Gigachains already occupies an interesting spot in the market. It even further particularizes itself by offering only currencies as a trading material. That allows it to focus on its narrow service, leading to a better trading experience.
The quality seems to be there to back that up. There are numerous features that are apparent straight away that make us confident of the broker’s capabilities. The website is well-structured and looks good, which is reassuring. The navigation is also fantastic, and it runs well regardless of your device.
All that together results in a solid first impression for the broker. It has numerous other features that present it as a quality choice. Of course, we’ll mention those over the course of our gigachains.com review.
Fund and Account Security
Safety is priority number one with online trading. Sadly, there are not many ways to secure yourself besides avoiding shady companies. Until better online regulation appears, traders need to rely on their own devices to stay out of harm’s way. And to be fair, it’s often difficult to determine whether the broker you’re looking at is trustworthy. That’s why, as a crucial part of our Gigachains review, we looked at numerous features concerning its safety.
Here, we’ll present our findings about the broker. We need to say that we’re fairly content with how the company carries itself. Right from the start it makes it apparent that it wants its traders to have a transparent and fair experience. It achieves that by making sure traders are well-educated about Gigachains before they sign up.
Its website paints an accurate picture of what the service looks like when you join it. That’s unlike scam brokers that try and misguide you toward a questionable decision.
Furthermore, the broker’s location, as well as company information, all check out. You can easily use the broker’s information and check its status as a company individually. Again, that pushes it away from scam territory, as fraudulent companies have fraudulent legal entries.
And while where in the area of legality, we should also mention Gigachains’ clear legal documentation. It won’t be an entertaining read, but at least you won’t need a lawyer to decipher it. It will further aid you in learning about the broker and having a complete and clear image of what it offers.
Encryption and authenticators are also a must, and gigachains.com realizes that. It includes those measures to help protect users from unwanted outside influences.
The Trading Accounts
Gigachains’ account structure aims to create an experience where everyone can trade well at their budget comfort level. As usual, it structures its accounts so that they’re layered into different tiers. To reach a subsequent tier, you need to go to a specific deposit threshold. That way, the broker sections its userbase into different fund comfort levels.
That allows the brokers to estimate the user’s risk profile and offer them the appropriate financial materials and services. As we said already earlier in our Gigachains review, it offers currency trading. And currencies are one thing a lot of users lose a lot of money on.
They do that by using too much leverage or taking large positions. Since the gains and losses are incremental, traders believe that it’s a safe way to earn money. That leads to a false feeling of security and often to them investing more than they can lose. You know the rest of the story.
Instead of allowing that to happen, Gigachains takes into account the user’s funds when determining risk profiles. It then offers the appropriate service and acceptable levels of leverage. Of course, the later accounts also include some extra luxury.
That way, the trading experience is fair across all levels. The broker encourages its traders to trade responsibly, which is another sign of trustworthiness. Here’s what you can expect from the gigachains.com accounts:
- Senior Account Manager
- 1:15 Leverage
- Silver signals
- Risk management
- Senior Account Manager
- 1:25 Leverage
- Gold signals
- Personal support
- 1 Risk Free Trade Per Week
- 50% discount swap
- Senior Account Manager
- 1:50 Levers
- Platinum Premium Signals
- VIP support
- 2 Risk Free Trades Per Week
- 100% discount swap
Gigachains’ Trading Platform
Gigachains uses a modern proprietary platform with many features that set it apart from competitors. For starters, it offers an intuitive UI, so that the beginner stages of trading don’t feel overwhelming. That also leads to a much more comfortable trading experience in general, as it eliminates usability frustrations.
The analytical capabilities of the platform back up the usability and give it substance. It allows the service to please professional traders that might be used to more sophisticated features. On top of that, the platform supports some automation features, such as take wins and stop losses. You won’t need to stare at your screen all day just for the ability to react to market changes.
You can use the platform via a Web Trader or mobile app that you can download for iOS or Android devices. That increases trader mobility and lets you capitalize on trading opportunities whenever they arise.
Funding and Pricing
As we said numerous times in our gigachains.com review, it offers users a great service. Naturally, that includes its pricing, as it’s often the single most impactful broker quality. Since your goal is to earn money, paying fewer plays directly into that.
Gigachains omits all costs but spreads. And with the broker’s specialization allowing it to tighten spreads, it comes out much cheaper than similar companies. Naturally, that’s a significant advantage for traders.
As far as funding goes, it’s more of the same, with the brokerage offering numerous options. Each option processes quickly, meaning you won’t ever need to wait around and miss potential trading opportunities.
Trading Products at Gigachains
As we already mentioned in our gigachains.com review, the broker has currency trading via CFDs. It includes forex pairs, as well as crypto/crypto and crypto/fiat pairings. All the standard options are present, so traders won’t have any difficulty finding an asset they like.
Gigachains is a specific brokerage, but if it fits your profile, it’s a fantastic choice. It decided to focus its efforts and excel in a few things rather than being mediocre at a few. In the end, that results in a much better experience. The pricing, funding, safety, and technological capabilities all outperform similar competitors.
It goes without saying that our Gigachains review ends on a positive note. If you’re in the market for a new brokerage don’t hesitate to try it out.