ViaChains Review: Who Is Behind ViaChains.Com?
ViaChains is a broker allegedly operating from the UK. They are offering forex and CFD trading to their customers.
Nonetheless, as soon as you enter their website, it will be obvious they are existing with one purpose only- to scam inexperienced traders. They have little to no information about anything. No corporate information, no license number, no regulation, no terms, and conditions.
Additionally, the number of grammatical mistakes on their website can only be described as comical. Continue reading our ViaChains broker review to learn how to stay away from many scammers of a similar kind.
|9863 – 9867 MILL ROAD, CAMBRIDGE, MG09 99HT, UK
|Forex & CFDs
Regulation and Security of ViaChains
ViaChains broker doesn’t even claim to have any license or follow any regulations. However, since they are allegedly operating from the UK, they should follow guidelines set by FCA in order to be legitimate.
FCA is a regulatory body for providing this type of financial services for UK-based brokers, and we tried to find on their website any license issued to ViaChains.
Obviously, we couldn’t find any so it is safe to say that they are no more than a scam broker.
You could come to the same conclusion even just by looking at their website. ViaChains is trying so hard to stay as anonymous as possible. The broker has not provided any actual information about itself, not even as much as the name of the company behind it.
Well, there is not much to be said about this alleged web trading platform they are offering.
You can’t even access it without signing up and giving all the possible information that you can give about yourself.
This is very common with scam brokers as the legit ones will always let you at least see their platform and also give you an opportunity to open a demo account.
ViaChains claims their platform will give you a clear view of your account, opened exchanges, pending exchanges, and some automated functions. But is this just a poorly written segment on their website and not the real thing? Highly likely.
Trading Instrument Available at ViaChains
Even though this scam broker offers little to no information about literally anything, we found that their trading assets are:
However, any detailed information about the instruments is missing.
We also decided to read some reviews and to no one’s surprise, we came upon many complaints made against a broker that there is no support in this whole trading process even after you sign up.
Deposit and Withdrawal Procedure
The minimum deposit with ViaChains is $50, which is not that bad compared to some other similar scams that will ask for at least $250.
That said, ViaChains is still operating without any regulations, so any deposits with the broker should be avoided.
Information about funding methods, withdrawals, and fees remains undisclosed, which is a huge red flag as they hide critical details about their service.
We turned to the reviews to see what other people’s experiences have been once they asked for their money. We were not surprised to find many complaints stating many withdrawal issues.
Nonetheless, getting your money back is still possible, just be sure to report this scam to local authorities as soon as you can.
How Does Offshore Brokers’ Fraudulent Works?
The manner they use is nothing new. They will get your personal information in case you wrote it on any sketchy website and once they get a hold of it, their harassment starts.
It is crucial to note that scams like this one can happen to anyone. There will be many persuasive agents calling you and anyone can break under so much pressure to invest in something that may seem real after so many made-up stories. Even if you say no, they will continue to call you until they are sure you will not budge.
The ultimate goal is to compel you to invest at least once, and after you may suspect they are no more than a scam they will do anything in their power in order to keep your money.
In this ViaChains review, we tried to warn you against this alleged UK-based broker that is operating without a license and following no regulations.
They are offering their customers an opportunity to invest in forex and CFD, but the only thing you will likely get to see is a cheap website with no basic info. Think twice before taking any risks while investing money and keep in mind that this investment scam will seek at least $50 while legit brokers will ask for as little as $5 as an initial deposit.
Doing proper research is a necessary step if you are new to the world of trading as many phony brokers pop up overnight. Don’t listen to their get-rich-fast stories and be careful with your investments.
FAQs About ViaChains Broker
Does ViaChains Offer a Demo Account?
No, you can’t open a demo account to check their services before you sign up and make a deposit.
What is the Minimum Deposit for ViaChains?
The minimum deposit one must provide in order to start with their trading is $50.
Is ViaChains Regulated?
No, Via Chains is an unregulated broker who just wants to scam you out of your money.