MBChains Review – Watch Out For This Scam Broker!

Is MBChains an Unlicensed Scam Brokerage?

MBChains has an anonymous identity. We do not know the identity of the owner and there are no legal documents. We only have an address in London. It follows that MBChains is regulated by the UK authority FCA.

We found nothing when we checked the registration. We searched the databases of BaFin and FINMA to find any regulation, but again without success.

The EU and UK both have a maximum leverage set by the EU’s watchdog, ESMA. It states that the maximum leverage for retail traders is 1:30. MBChains offers leverage up to 1:150. This is conclusive proof of our claims, and should be one red flag among many.

MBChains is an alleged UK-based broker, with their site being in German by default. The company has no FCA or any other authorization.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Enduring Markets, MobaTrade, Rivobanc.

MBChains Trading Platforms

You can find the two trading platforms of MBChains on their website – WebTrader, and an app for desktops based on this platform. This broker does not allow you to open an account before speaking with their representatives.

We cannot review the software because there is no Demo account. Judging by the fact it’s a browser-based platform, we can immediately conclude it can’t be as good and safe as third-party ones, including MT4, and cTrader.

Each of these tools provides a wide range of indicators and technical tools that are suitable for detailed market analysis. You can also be assured of a greater level of safety, as the apps from third parties are less susceptible to manipulation and hacking.

MBChains Trading Account Types

You should not choose any of the MBChains accounts. By making a decision, you open the door for scams. Here are some options for you:

• Bronze;
• Silver;
• Gold;
• Premium;
• Platinum.

There is no minimum deposit for any of them, only a list of the benefits. There are VIP trading signals via Telegram, risk-management strategies, guided trading sessions and more. You don’t even know what you will be charged for all of these services.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

MBChains: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about MBChains. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about MBChains!