Don’t let the name fool you; UberChains is another forex trading scam. There’s no way of withdrawing funds from the platform. Uber Chains has been taking advantage of traders from the word go. With the recent spike in complaints, we had to investigate the platform. What we found out will shock you in our uberchains.com review. The store is a complete hoax. Here’s what you need to know in our detailed UBERCHAINS REVIEW.
The platform claims it exists to give traders a chance to seek financial freedom. UberChains is claiming to help you see these opportunities and possibilities. And that’s what we will help expose on the platform, the lack of it.
Once you land on the homepage, you get an office feeling. But, true to their word, the website is enticing and almost believable. For the naïve or untrained eye, Uber Chains looks like the perfect place to invest and trade.
NOTE: There are other credible and safer ways of investing. Have you thought about groundbreaking cryptocurrency investing opportunities? These include coin staking, DeFi, and Masternoding.
We will tell you this for free, investing with uberchains.com is a shot in the arm. The store doesn’t even mention how to withdraw funds. We tried to open an account and got a 404 error. It seems this is another exit scam.
Soon, the platform will close shop, and no member will get any of their investment back. But, unfortunately, we have seen plenty of such cases before. And this is becoming a habit among offshore brokers trying to penetrate the markets.
We have to protect traders who don’t know about trading. The beginners who want to have a footing in the forex industry. These beginners need credible investing and trading solutions, not scam platforms.
Before investing in any platform, try doing due diligence. Please get to know more about it by asking the right questions. These include questions relating to the safety of funds and proof of withdrawal from members.
None. The platform is a hoax and plans to exit the market soon. Those who invest and trade with the platform have it rough for them. Please get to know the facts about UberChains as we help expose it. The store is a complete sham and will likely take your funds from you.
After going through the website, we finally found the red flags. Some of these red flags are features that look enticing to the eye. An excellent example is a claim of having over 18 awards and years of experience.
These are just false statements meant to make the platform appear professional. It’s also their way of appeasing traders to commit to them. The platform wants you to trust them as they seem reliable.
Far from it, the platform barely has a year in its trading lifespan. The platform, or rather a website, was created a few days back. We have a platform that fails to offer any meaningful investment plans to investors.
Our uberchains.com review will help expose these scams. It’s also a way of letting naïve investors know how to investigate a platform. So before you sign up with a trading platform, check out some of these features.
Once you click on the trading platform page, you get redirected to a blocked page. That’s one of the first red flags with a trading platform. No professional would let traders get a blank page when looking for the platform.
You also get an offer to use the web trading platform. With this platform, we found other errors top among them being stability. The platform is precarious and slow at executing trades.
Members get a trading terminal lacking the necessary tools to improve their trading. For example, there are no advanced tools such as charting analysis and market reviews. The platform also fails to offer technical analysis tools.
When trading, the best terminal of choice should be MT4 and MT5 trading platforms. The experts regard these as the best. However, you need to avoid trading altogether with a platform that blocks withdrawals.
UberChains furnishes members with four account types to choose from. These include Bronze, Silver, Gold, and Platinum. Each of these plans offers different features for different class traders.
Bronze
For the bronze account, members must deposit a minimum of $10,000 to get started. You get a personal account manager and personalized trading alerts. Members also get basic market education sessions.
Silver
The silver account has a minimum acceptable deposit of $25,000. You get all the features available with the bronze account. The only additional part is the practical guided trading solutions.
Gold
Gold account members must deposit $50,000 to get started. The account has features seen on bronze and silver accounts. You get an additional promise of getting higher leverage with this account plan.
Platinum
It’s the most exclusive account, with members having to deposit $100,000 to start. There are no withdrawal fees, and the platform claims withdrawals are immediate. Members also get independent contracts and premium support features.
These accounts have a high minimum acceptable deposit. There’s no way beginners should deposit $10,000 with such a platform. Regulators have listed $250 as the acceptable minimum deposit to protect traders.
You also don’t get to see any mention of possible forex trading features. Despite claiming to offer high leverage, there’s no quote on it. The platform fails to quote possible leverage and spreads available for trading instruments.
Members also don’t get a demo account to test the platform’s features. We recommend trying a demo account first to check whether the platform pans out. Without a demo account, traders are going in blind.
Something didn’t sit right with the account features. However, it was not until we realized the platform uses the same account features as another exposed scam. GSL Markets and Uber Chains use the same account features.
It could be possible the two belong to the same group of scam artists.
There are five classes of trading instruments available on the platform. These include commodities, cryptocurrencies, forex, indices, and stocks. The commodities to trade with include coffee, cotton, sugar, and wheat.
You also get to trade leading cryptocurrencies such as Bitcoin and Ethereum. Other listed cryptos include Doge, Litecoin, and Ripple. The platform pairs these cryptos against each other and leading currencies.
Forex trading is the core of the platform’s activities. There are major and minor currency pairs available on the platform. These include AUS, CAD, EUR, GBP, JPY, and USD. However, the spreads of these pairs remain unknown.
Day traders have an excellent way of earning through indices. The platform offers indices such as Dow Jones, Nikkei, and S&P 500. Unfortunately, you won’t get to withdraw funds from the platform.
No, the platform fails to cover safety in terms of deposit insurance. The platform doesn’t segregate accounts as dictated by trading regulations. Please stay away from the platform or risk losing everything.
Please stay away from the platform; it doesn’t end well for members.
NB: Invest in proven options that guarantee the safety of trading. Try out coin staking or DeFi as proven means of investing in cryptocurrency.
Feel free to drop a comment or email us with any queries.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments