Bitcoin about to counter new milestone
18.03.2022
MBCHAINS REVIEW
Comments Rating
( reviews)
GENERAL INFORMATION
Broker Name:
Mbchains
Broker Type:
Forex and CFDs
Country
N/A
Regulation:
N/A
Address:
60-80 St Mary Axe, London
Broker status:
Active
CUSTOMER SERVICE
Phone:
+18009618537
Email:
Languages:
German
Availability:
24/5
TRADING
Trading platforms:
Proprietary
Trading platform Time zone:
GMT
Demo account:
N/A
Mobile trading:
Yes
Web-based trading:
Yes
Bonuses:
N/A
Other trading instruments:
N/A
ACCOUNT
Minimum deposit ($):
$250
Maximal leverage:
1:400
Spread:
Floating
Scalping allowed:
Yes
Mbchains Review: What it has to offer
First Impression
Any legal authorisation from a higher financial authority is not processed by Mbchains broker. But because they were open about this specific truth, we chose to give them a chance and evaluate their offers fairly. Although we did not reach the conclusion we had anticipated, you can see that we did our best to identify as many red flags as possible to declare this broker to be a fraud in this Mbchains assessment.
In one way or another, the broker undoubtedly has some traits and characteristics that will draw you in—possibly more so than a license. Simply put, the functions and trading possibilities are appropriate for everyone. Mbchains has a very straightforward user interface that is very simple to use. Furthermore, you may view every single perk and edge the broker has over rivals right on the homepage.
The website specifies that a $250 minimum deposit is required. The Mbchains’ best leverage is 1:400, which is excessive by comparison with existing market norms. The lowest spread, which is 0.1 pip, is quite small and appealing to traders. In addition, the broker provides 32 virtual currencies, 11 indices, and 55 currency pairs for trading. Review of MBchains
Features of MBchains withdrawal
According to the brokerage firm, there is a $25 fee for withdrawals up to $5,000. They make use of wire transfers. On their website, they note that the Wire Transfer may cause the processing of the money transfer to take up to 6 days. According to our Mbchains review , the broker claims to be really quick, yet the withdrawal process takes far too long. Other payment methods may incur fees of up to USD 20.
Start using Mbchain’s current withdrawal procedure by:
- Register and Login
- Access Withdrawals.
- Pick a technique and adhere to the guidelines.
- Process Retraction
- Join and trade
Account Types
According to our Mbchains review, there are only 5 different account categories, which is considered to be somewhat meager by many. It is still reasonable, though, given the clientele that this broker is trying to attract. the following account types: These account types include bronze, silver, gold, premium, and platinum. There are also demo accounts accessible.
Demo Account
You can trade without having to put any money up front thanks to the perks and benefits of a demo account. Weekly virtual money are handed to you by the broker, giving you the chance to practice before making a real-world deposit. There is plenty to gain, and there is nothing to lose. You get useful experience in this situation that you may put to use while trading with actual money. The demo account also has the benefit of being safe to hold even if the broker does not have a license because there is no money invested in it.
Trading Instruments
This Mbchains Forex broker’s accessibility to a wide range of trading assets is one of its main benefits. The following assets are available for CFD trading in addition to standard Forex trading:
- Stocks
- Indices
- Energy
- precious metals
CFD trading is quite common for a number of reasons. First off, CFD traders typically have access to more leverage, which enables traders to boost profits. Higher leverage can only be utilized extremely cautiously because it might potentially increase trading risks.
With CFDs, you can trade assets without having to possess them yourself. You speculate on potential market price swings when you trade CFDs.
Additionally, the broker provides traders with access to more than 50 currency pairings, including various kinds of pairs including majors, minors, and exotics.
Trading Platform
You may do a very thorough market study using Webtrader because it includes all the required features. Although Webtrader’s capabilities is on par with that of Metatrader’s, it is even more convenient to use because there are no restrictions when conducting in-depth market analysis. I discovered a significant problem with Metatraders a long time ago. When you save numerous chart tabs on the working field, Metatrader takes longer to load. Thus, it performs worse. Webtrader doesn’t experience it. It is significantly more optimized, thus it is unlikely that you will experience freezes.
The asset menu on the left makes it much simpler to browse across assets on Webtrader. To put it plainly, Metatrader is not ideal in this case. It is very difficult to navigate among the assets on the workingfield since there are so many chart tabs; it is much simpler to identify the needed item by utilizing a combination of hotkeys. You simply scroll through the list on Webtrader, select the necessary item, and click to view its chart.
Additional Information
There are numerous aspects of this broker that we really appreciated when writing our bchains.com review. For a great experience, it is crucial to comprehend every aspect of forex trading. You have a lot of chances with mbchains.com, and we think you should absolutely take use of them.
The learning center at mbchains.com is highly competitive and diverse; it provides a variety of learning resources that are broken down into several categories. One of them is Learn to Trade Forex, which allows traders to learn at their own pace. This course is made up of seven lessons that cover everything a trader needs to know, starting with pips and moving on to technical analysis, tools, charting, margin, and a variety of other topics that affect the experience of trading Forex.
Additionally, you may access a collection of instructional films that will help you fully grasp both Mbchains and FX trading in general. There are also other webinars available, but you must register to view them. So, there are many options with Mbchains if you’re seeking for a location to learn more about Forex trading.
You deserve the opportunity to receive the assistance you require whenever you need it, regardless of where you are from. According to our Mbchains, the broker is fully aware of this and offers a customer care crew that is very competent and proficient in a number of various languages. These include a variety of languages like English, Spanish, German, Russian, and Arabic.
You can contact the customer service staff in a variety of methods, including through your trading platforms, mobile devices, and even a dedicated email and phone line for individuals who need assistance as soon as possible. We attempted to ask certain questions of the customer support personnel directly while working on this evaluation. The fact that they responded to us so quickly and were so courteous and helpful is fantastic.
Final Verdict
In summary, despite the lack of authorization, Mbchains is still a respectable choice for merchants, according to our analysis of the platform. The features it offers are adequate, and in some cases above the norm for the sector.
The broker provides live chat and client service around-the-clock. There are numerous withdrawal options, including Visa, Mastercard, and bank wire. The terms and conditions section contains information about commission. The WebTrader trading platform is the only one that the broker uses.
Mbchains may not be the best solution overall, but it is still adequate for beginners. You may practice trading and enhance your skills with real money trading, especially with the Demo Account.
We discovered that Mbchains is one of the top Forex brokers available while we worked on the review of the company. This broker offers a lot of amazing features, so we think it is certainly worth checking out. Mbchains is the way to go if you want a safe, secure, transparent, and modern Forex trading experience.
The broker guarantees that whatever you’re looking for, you can find it at Mbchains, and after putting in a lot of effort, they were able to offer services for all sort of Forex trader, so don’t waste any more time and start trading with Mbchains right away!
COMMENTS
Recommended for You
Recommended for You
Recommended for You
Recommended for You
Recommended for You
Recommended for You
-
Support
-
Platform
-
Spread
-
Trading Instrument
Comments Rating
( reviews)
3 Comments
Good broker service for forex trading
Good broker service for forex trading. I personally recommend them to every trader I know.
Did you find this review helpful? Yes No
Choose Mbchains
Choose Mbchains. They got really good deals and services to offer.
Did you find this review helpful? Yes No
Exceptional broker services.
Exceptional broker services. I am impressed with broker signals and even services.
Did you find this review helpful? Yes No