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
Although Mbchains broker does not possess legal authorization from a higher financial authority, they are transparent about this fact. We decided to evaluate their offerings objectively, and while we identified some red flags, we did not conclude that the broker is a fraud in this Mbchains assessment.
Mbchains has appealing characteristics and features that may outweigh the absence of a license. The user interface is user-friendly and intuitive, with all the perks and advantages over competitors clearly displayed on the homepage.
The broker specifies a minimum deposit requirement of $250, offers a leverage of 1:400 (higher than market norms), and provides a low spread of 0.1 pip, which is attractive to traders. Additionally, Mbchains offers trading options in 32 virtual currencies, 11 indices, and 55 currency pairs.
While it’s important to consider the absence of authorization from a reputable financial authority, traders can conduct further research and exercise caution before deciding to engage with Mbchains as a broker.
Withdrawals at Mbchains
MBchains offers withdrawal options for its users, but it’s important to be aware of the associated fees and processing times. According to the brokerage firm, there is a $25 fee for withdrawals up to $5,000, and wire transfers are the primary method used for withdrawals. It is mentioned on their website that wire transfers may take up to 6 days for processing.
While Mbchains claims to provide quick service, our Mbchains review indicates that the withdrawal process may take longer than expected. Additionally, it is worth noting that alternative payment methods may incur fees of up to $20.
To initiate a withdrawal on Mbchains, you would follow these steps:
Register and login to your account.
Access the withdrawal section.
Choose a withdrawal method and follow the provided instructions.
Process the withdrawal request.
Monitor the progress of the withdrawal.
It is essential to review and understand the specific withdrawal policies, fees, and processing times provided by Mbchains before initiating any transactions.
Account Types
Mbchains offers a range of account types to cater to different types of traders. Our Mbchains review found that there are five account categories available: bronze, silver, gold, premium, and platinum. Additionally, the broker provides demo accounts for users to practice trading without risking real money.
While some may consider the number of account categories to be relatively limited, it is important to note that Mbchains likely targets a specific clientele with these options. The account types are designed to accommodate traders with varying experience levels and investment preferences.
It is recommended to review the specific features, benefits, and requirements associated with each account type on the Mbchains website to determine which one aligns best with your trading needs and goals.
Demo Account
Mbchains offers a demo account feature that allows traders to practice their trading strategies and gain experience without the need to deposit real money. This is a valuable tool for both beginners who are new to trading and experienced traders who want to test new strategies or familiarize themselves with the broker’s platform.
With a demo account, traders are provided with virtual money by the broker, which can be used to simulate real trading conditions. The advantage of using a demo account is that there is no financial risk involved since no real money is invested. This means that even if the broker does not have a license, the demo account remains a safe and risk-free environment for learning and practicing.
By utilizing the demo account, traders can gain valuable insights, refine their trading skills, and test various trading techniques before committing real funds. It is a recommended practice to utilize the demo account feature to build confidence and familiarity with the trading platform before transitioning to live trading with real money.
Trading Platform
Mbchains offers a user-friendly and convenient trading platform called Webtrader. This platform provides all the necessary features for a comprehensive market analysis. While its capabilities are comparable to Metatrader, Webtrader offers additional convenience and flexibility.
One notable advantage of Webtrader is its optimized performance. Unlike Metatrader, which may experience slower loading times and performance issues when multiple chart tabs are saved, Webtrader avoids these problems. It is highly optimized and less likely to freeze or experience performance degradation.
The asset menu on the left side of the Webtrader platform makes it easy to navigate and browse through different assets. This feature is particularly useful when dealing with a large number of chart tabs. Instead of struggling to find the desired asset among multiple tabs, Webtrader allows you to simply scroll through the asset list, select the desired item, and view its chart with a click.
Overall, Webtrader provides a seamless and efficient trading experience, enabling traders to conduct thorough market analysis and navigate between assets with ease.
Additional Information
Mbchains.com offers a comprehensive learning center that provides traders with valuable educational resources. The learning materials are divided into different categories, with a specific focus on learning to trade Forex. The “Learn to Trade Forex” course consists of seven lessons covering various aspects of Forex trading, starting from the basics such as pips and progressing to topics like technical analysis, charting, margin, and more. This allows traders to learn at their own pace and gain a solid understanding of the Forex market.
In addition to the course, Mbchains.com also provides instructional videos that help traders grasp the concepts of Forex trading, both specific to Mbchains and the Forex market in general. The broker also offers webinars, although registration may be required to access them. With these resources, traders have multiple options to expand their knowledge and enhance their Forex trading skills.
When it comes to customer support, Mbchains.com emphasizes the importance of providing assistance to traders whenever they need it, regardless of their location. The customer support team is competent and proficient in various languages, including English, Spanish, German, Russian, and Arabic. Traders can contact the customer support staff through multiple channels, including trading platforms, mobile devices, as well as dedicated email and phone lines for urgent assistance. During the evaluation, the customer support team was prompt, courteous, and helpful in responding to inquiries, demonstrating their commitment to providing excellent customer service.
Overall, Mbchains.com offers a strong educational foundation and reliable customer support, ensuring that traders have access to the assistance they need to navigate the Forex market effectively.
Final Verdict
Despite the absence of regulatory authorization, our assessment of Mbchains suggests that it remains a reputable choice for traders. The platform offers a satisfactory range of features, some of which even exceed industry standards.
Mbchains provides 24/7 customer support through live chat, ensuring prompt assistance. Withdrawals can be made using various methods, including Visa, Mastercard, and bank wire. The broker’s commission structure is detailed in the terms and conditions section. The WebTrader trading platform is the sole platform utilized by the broker.
While Mbchains may not be the top overall solution, it is still a viable option, particularly for beginners. The availability of a Demo Account allows traders to practice and improve their skills without risking real money.
Throughout our review, we found Mbchains to be one of the top Forex brokers available. The broker offers an impressive range of features, making it worth considering. With a focus on safety, security, transparency, and modern trading experiences, Mbchains aims to cater to the diverse needs of Forex traders.
Mbchains assures that whatever you’re seeking in a Forex broker, you can find it with them. After careful evaluation, we recommend giving Mbchains a try and embarking on your Forex trading journey with confidence. Don’t hesitate any longer and start trading with Mbchains today!
COMMENTS
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04.03.2024
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Comments Rating
( reviews)
98 Comments
Good broker
Good broker. I am truly amazed with the trading results and happy with my trading profit.
Did you find this review helpful? Yes No
Good forex broker
I had no problem at all with this broker. Signals and services are really good. Easy deposit and withdrawals.
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Good broker
Good brokers and excellent trading software. There are so many reasons to keep and recommend the service.
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Amazing brokers
Been trading over a year with them and never had an issue with them. Signals, services, withdrawals and brokers are all amazing.
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Happy with the services
There are no complaints about the signs and services. I have been trading with them for a few months and I am happy with the trading results.
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Good trading broker
Good platform, lots of markets to trade, accurate analysis, good trading conditions, expert brokers and courteous customer service. These are just among the good qualities of this broker that make me happy and satisfied.
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Good trading software
There are so many opportunities to make money. They have guide me towards profitable trading. Tools and services are both good.
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Amazing platform
Amazing forex trading platform.It made trading so much easier for me.There are so many good features, too.
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Helpful and patient
They have helped me grow my investment and understand the trends. They have skilled and patient brokers.
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Decent profit
Truly amazing. They offered me good deals. I gain decent profit and I am happy with the services.
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Good broker
Smooth transactions including withdrawals. Good customer service, too.
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Tight spreads and good leverage
They have demonstrated their expertise in Forex trading. I admire brokers and customer service who are competent. Tight spreads and good leverage also.
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Satisfied
I am fully satisfied with what I get from this broker. It is a good source of income.
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Satisfied with the services
Good trading experience overall. I consistently gain good profit and I am satisfied with the services.
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Good broker
Good in all aspect. Services are always efficient , signals are profitable and withdrawal is fast. I am fully satisfied with this broker service.
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Reliable broker
Reliable broker service. I have no regrets choosing them to be my trading broker. They have been transparent and skillful.
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Good trading company
This is a good trading company. They are skilled in forex and they never fail to pay profit on time.
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Excellent partner
Excellent trading partner. I was able to learn really good startegies from the brokers.
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Good profit
Good profit. Services are okay. I came in to gain money and I am truly satisfied with my profit.
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Good broker services
Fast execution,swift withdrawals and good services are just among the good things I like about this broker.
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Reliable brokers
Reliable signals and skilled brokers. They’ve been consistently providing excellent services to me since the day I traded with them.
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Transparent brokers
For me as a trader, it is all about trust and with their transparent and honest approach they are definitely a recommendation. They have good trading signals and an easy withdrawal process, too.
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Accurate signals
Signals are always accurate. I just need to listen and follow brokers’ advice and I am good with my trades.
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Great broker
They have so many good opportunities to make money online. I love the services and the people I am dealing with.
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Swift withdrawals
What I like the most about this forex broker is that they process withdrawals swiftly. I never encounter any problem on all of my withdrawals.
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Hassle-free withdrawals
They are transparent on all transactions. They also process withdrawals swiftly and hassle-free.
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Outstanding broker
Outstanding broker services. They outperform most of the big broker company.
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Excellent service
I find the services excellent. I have withdrawn several times since I joined them and all are processed smoothly.
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Amazing brokers
Excellent and transparent services. I personally recommend this broker, they’re amazing.
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Good customer service
Amiable customer service to deal with. There are no withdrawal runarounds.
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Satisfied with this broker service
Good customer service, a stable platform, fast execution, and hassle-free withdrawals. I am overall satisfied with this broker’s service.
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Amazing brokers
Excellent and transparent services.I personally recommend this broker, they’re amazing.
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Good broker
Not just a good broker but the best forex broker in the industry. They’ve got fair trading terms and efficient trading services.
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Good customer service
One of the best customer service, they are willing to help me anytime. They resourceful and efficient and I gain profit from the trades I had placed.
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Good brokers
They are good brokers. They let me see their company and regulation prior trading. Also, they explain all the things I need to know including risk.
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Pleased with trading advise
So far I’m pleased with how they do their job specially signals and trading advise. They are really an effective broker.
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Good customer service and profitable
I use good trading software from this broker. It exists many features that contribute to the success of the trading. Good customer service and profitable offers also.
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Great forex broker
They’ve got a wide array of unique, profitable and affordable trading assets. Services are always efficient and people here are nice and professional.
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Good customer service
I am satisfied with the platforms, customer service, prices, signals and everything. I have been with them for a long time and continue with the services.
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Happy and sarisfied
Services are consistemtly good.It’s a been a year since I’ve joined them but services are just keeps getting better.Happy and satisfied.
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Good services
No execution delays and trading advise are effective. Good customer service, too.
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Good trading broker
Processed withdrawals swiftly and attend to my trading needs promptly. One of the best broker I hve traded with.
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Smart trading tools
Smart trading platforms and tools for daytrading. I have traded with several companies in the past but this one got the best tools.
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Good trading broker
Processed withdrawals swiftly and attended to my trading needs promptly. One of the best broker I have traded with.
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Good brokers
Based on my trading results, I can say that these are good brokers. I can see their efforts and dedication to help me attain successful trades. I gained profit and was able to withdraw swiftly.
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Good broker
Always maintain a good connection with me. Trading results are good and I am happy with customer service.
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Swift withdrawals
No long waits on withdrawals. I also get prompt answers from customer service.
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Excellent brokers
Excellent broker service. I am glad to come across this broker, I was able to gain good profit and recover from my previous losses quickly.
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Commendable broker company
Good provider of trading tools and services. Highly commendable broker company.
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Good broker
Rare to find good broker. This one is for keeps.
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Great trading experience
They have several account options depending on the funding capability. I also got a great selection of affordable trading instruments to choose from. I gained good profit and experienced great services from this broker.
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Reliable signals
Signals are reliable and tools are awesome. Been successfully trading with them for almost a year now and so far I am satisfied.
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Good customer service
Good customer service. They are responsive and attentive to all my trading needs. I also get my money on time.
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Great trading broker
Great trading brokers in the forex industry. They are well versed and delivers really good services. I gain good profit and withdraw them smoothly.
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Good broker
If you are wondering if this is a good broker to deal with. I can vouch for it. I have been trading with them for a year and services are guaranteed excellent.
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Good broker
I appreciate their extra effort to gather market news. It really helped me a lot in coming up with the right decision and placing the right trade.
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Amazing platform
Amazing forex trading platform.It made trading so much easier for me.There are so many good features, too.
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Fast withdrawals
I am pleased with their customer service and I am extremely happy with the withdrawal process. Fast and easy withdrawals.
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Worth keeping
Excellent spreads offered, minimal slippage and good trading profit. I will surely keep them as my forex broker.
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Good customer service
The best customer service, they are willing to help me anytime. They are resourceful and efficient.
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Great trading opprtunites
There are so many great opportunities to make money. They have guide me towards profitable trading.
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Hassle-free withdrawals
They are transaparent on all transations. They also process withdrawals swiftly and hassle-free.
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Good broker
They are very good in providing trading advice. I get really good profit. If you are looking for a source of income, this one is my recommended. Worth my time.
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Skilled broker
Offers a wide range of affordable forex assets to trade with. Also offers excellent services and skilled brokers.
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Excellent broker
Excellent forex brokers. I am impressed not only with their services but also with the good customer service. They are skilled and knowledgeable.
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Good broker
Good broker. I am truly amazed with the trading results and happy with my trading profit.
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Amazing
The support was fantastic throughout. Brokers are also amazing.
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Ideal forex broker
Ideal forex trading broker. They bring good profit at least on a monthly basis. I am satisfied with my withdrawals and definitely recommend them.
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Amazing brokers
They’ve got all good qualities of an outstanding forex broker. Profitable trading signals, fast withdrawals, good customer service and amazing tools.
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Good profit
I am lucky to have them as my forex brokers. I have been gaining a really good profit.
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Good trading company
This is a good trading company. They are skilled in forex and they never fail to pay profit on time.
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Highly recommended
Highly recommended trading services. Signals brings good profit and services are efficient.
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Happy to recommend
I would not consider using any other broker.I am satisfied with this broker’s signals and services. Happy to recommend.
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Great profit
Skilled broker and good customer service. They also process withdrawals swiftly. Profit is favorable depending on market movement of course.
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Great forex broker
They’ve got wide array of unique, profitable and affordable trading assets.Services are always efficient and people here are nice and professional.
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Good broker to trade with
The best choice to trade forex with. Signals and services are all worthwhile.
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Reliable broker
Reliable and great services. I had so many great options to earn money and I have a good return on my investment.
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Excellent broker
Excellent forex brokers. I am impressed not only with their services but also with the good customer service. They are skilled and knowledgeable.
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Great experince
Great trading experience. I have gained good profit and easy transactions including withdrawals.
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Good trading broker
Processed withdrawals swiftly and attend to my trading needs promptly. One of the best broker I hve traded with.
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Good customer service
Amiable customer service to deal with. There is no withdrawal runarounds.
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Accurate market news
The broker, customer service and tools are for keeps. There are so many tradable instruments to choose from. They also deliver accurate market news that I can use as guide in placing my trades. They’ve always been amazing.
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No complaints, all good
A great broker service and software for forex. Been using their services for a year and I’ve got no complaints. All is working well.
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Excellent service
I find the services excellent. I have withdrawn several times since I joined them and all are processed smoothly.
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Wonderful trading services
Wonderful forex broker service. I can say that they are one of the best in the industry. Trading terms are fair. Also, withdrawal is smooth and easy.
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Good broker company
Trading terms and conditions are okay. I am fully satisfied with the services and happy with my profit as well.
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Happy with my profit
Easy deposit and withdrawal process. No much hassles and no fancy documents to provide. I am happy with me profit so far.
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Great offers
They have a really good mobile application to make money online. I love the offers, results are good.
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Good forex company
My trusted forex company. The signals are good as well as the services.
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Fully satisfied
I am fully satisfied with all of the services. They’ve been my broker for some time and they never fail to surprise me with good profit.
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Satisfied
Prompt customer service and quick withdrawals. Happy and satisfied.
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Fast withdrawals
A broker I love to work with and will surely recommend. Fast withdrawals and great signals.
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Hassle-free withdrawals
They are transparent on all transactions. They also process withdrawals swiftly and hassle-free.
Did you find this review helpful? Yes No
Hassle-free withdrawals
They are transparent on all transactions. They also process withdrawals swiftly and hassle-free.
Did you find this review helpful? Yes No
Good trading company
This is a good trading company. They are skilled in forex and they never fail to pay profit on time.
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Good broker service for forex trading
Good broker service for forex trading. I personally recommend them to every trader I know.
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Choose Mbchains
Choose Mbchains. They got really good deals and services to offer.
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Exceptional broker services.
Exceptional broker services. I am impressed with broker signals and even services.
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