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Forex news -forex broker review => Forex => Topic started by: PocketOption on Oct 18, 2022, 06:46 am

Title: ExpoChains Review
Post by: PocketOption on Oct 18, 2022, 06:46 am
ExpoChains Review

ExpoChains Review























































































General Information




















Broker Name: Expochains
Broker Type: Forex & CFDs
Country:Luxembourg
Operating since year: N/A
Regulation: FCA, FSCS
Address: ExpoChains Ltd, 2 Rue des Dahlias, 1411 Luxembourg, Business center in Luxembourg City
Broker status:Active
Customer Service
Phone: +442037692074
Email: [email protected]
Languages: English, French, German
Availability: 24/5
Trading
The Trading platforms: MetaTrader 4, MetaTrader 5
Trading platform Time zone: N/A
Demo account:No
Mobile trading:  Yes
Web-based trading:Yes
Bonuses:No
Other trading instruments:Yes
Account
Minimum deposit: $250
Maximal leverage: 1:1000
Spread: Floating From 0.0 Pips
Scalping allowed:Yes








CONTENT 



  • General Information & First Impressions

  • Fund and Account Security

  • Account info at expochains.com

  • Expochains' Trading Platform 

  • Conclusion

  • FAQ


 


ExpoChains Review – Can you trust it or not?


ExpoChains Review - Can you trust it or not?


 


General Information & First Impressions


ExpoChains is a brokerage that operates from Luxembourg and offers trading services, primarily targeting clients in Europe. However, it is also a global brokerage, and most people worldwide are able to access the service. A few countries are excluded on the basis of not being able to form legal contracts with the brokerage, but the list is minute. Our ExpoChains review will inspect the brokerage and help you decide whether to trade with it.


Even at a glance, ExpoChains shows that it’s a serious broker. It has an attractive design and a website that operates well. By that, we mean that expochains.com doesn’t show any major errors, missing pages, or ridiculous navigation problems. It’s technically sound, showing that the broker knows how to create an easy-to-use service.


And that extends to how it informs users as well. Expochains cut unnecessary and filler content from its website, making the experience much more streamlined. It doesn’t feel like you need to read through a ton of nonsense to get to what you actually need to know.


And when that pairs with excellent navigation, the process of learning about ExpoChains becomes much simpler. It takes out the usual frustration of the broker more or less hiding anything remotely unflattering. The broker’s approach also has security implications, which we’ll talk about soon in our ExpoChains review. 


One last property we want to mention is that the broker’s website makes it seem much less intimidating for newer traders. We know the feeling of starting to learn about brokers or signing up for your first one, and it’s not pleasant. We’re glad that ExpoChains took steps to alleviate that, creating a welcoming atmosphere even for first-timers.


 


Fund and Account Security


Fund and Account Security: secured transactions


Exhpochains is one of the safest brokers we’ve looked at in the past few months. It has numerous security indicators, both subjective and objective, that reassure us of its validity. Without additional delay, we will show you the security factors that impacted our ExpoChains review the most.


The first is something we already mentioned, which is its general setup. It’s quite open and easy to investigate, which differs from how scam brokers behave. The fact that it shows all of its conditions in a manner that’s easy to digest is a significant assurance.


However, that’s not the most significant thing that factors into our rating. Its location is also quite meaningful, as it dictates which laws and regulations it needs to follow. Luxembourg is a safe country, and the fact that ExpoChains operates from there willingly shows that it has no bad intentions.


And the thing that locks in the broker’s status as safe is its regulation and compensation program. Namely, it’s a part of the FCA‘s FSCS program. That means the FSCS is ready to compensate any user damaged by the broker by up to £85,000. And since most traders trade with smaller amounts, it would likely cover all your losses and then some.


ExpoChains shows a willingness and persistence in keeping users secure and content. We don’t believe you’ll have any security issues with the broker, and even if you do, it’s ready to compensate you fairly.


 


Account Info at expochains.com


ExpoChains offers a multitude of different accounts, with each serving a similar but distinct purpose. Undoubtedly, the thing that sets them apart the most is that each is meant for users with a different budget. And ExpoChains made sure to structure each account so that it maxes out its benefits without overstepping the boundaries set by users’ risk profiles.


As you likely know, brokers need to respect their customer’s risk profiles. That means you can’t offer leverage of 1:10000 to someone with $5 in their account. The money in their account isn’t the only factor, but it’s definitely the most significant one.


ExpoChains treads that fine line of offering sufficient conditions without overdoing it. It’s clear that the broker wants to maximize user capabilities and allow users to trade their own way.


And as we said earlier in our ExpoChains review, there are some account options for everyone. For traders on a budget, you can simply stick to the Bronze account, and if you’re a bit more comfortable with your funds, you can go for one of the expensive ones.


Since attaining new accounts hinges on reaching deposit thresholds, there are no real costs for the accounts. Of course, you shouldn’t deposit more than you can afford to lose, but that means there are no wrong choices. Just go with what your budget comfort level dictates, and you’ll be more than happy with the results. Here are some of the account conditions on expochains.com:


Account Info at expochains.com


Bronze



  • Minimum Deposit: $250

  • Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader

  • Spreads: From 1 pip

  • Fifth decimal place: Yes

  • Execution: Market execution

  • Minimum deposit at $100

  • Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY

  • Leverage: 1:100


Silver



  • Minimum Deposit: $25,000

  • Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader

  • Spreads: From 1 pip

  • Fifth decimal place: Yes

  • Execution: Market execution

  • Minimum deposit at $100

  • Telephone Trading: Yes

  • Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY

  • Commission By arrangement with personal analyst

  • Forex pairs fee: No

  • Leverage: 1:200


Gold



  • Minimum Deposit: $50,000

  • Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader

  • Spreads: From 1 pip

  • Fifth decimal place: Yes

  • Execution: Market execution

  • Minimum deposit at $100

  • Smallest trade size: 0.01 lot

  • Telephone Trading: Yes

  • Margin Call / Stop out level: 80% / 50%

  • Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY

  • Personal Account Manager: Yes

  • Commission By arrangement with personal analyst

  • Forex pairs fee: No

  • Leverage: 1:400


Premium



  • Minimum Deposit: $100,000

  • Trading Platform: MetaTrader 4, MetaTrader 5 and Webtrader

  • Spreads: From 1 pip

  • Trading Instruments:All Available

  • Fifth decimal place: Yes

  • Execution: Market execution

  • Minimum deposit at $100

  • Lever set: Variable according to product

  • Smallest trade size: 0.01 lot

  • Telephone Trading: Yes

  • Max total trade size: 60 standard lots per position

  • Maximum number of simultaneous open Orders: 300

  • Margin Call / Stop out level: 80% / 50%

  • Account Currency: USD, EUR, CHF, GBP, NZD, AUD, JPY, HKD, CNY

  • Personal Account Manager: Yes

  • Commission By arrangement with personal analyst

  • Forex pairs fee: No

  • Leverage: 1:1000


Black



  • Cooperative trading account for VIP clients with consultation of your personal senior analyst.


 


Expochains' Trading Platform


 Expochains' Trading Platform


ExpoChains keeps the theme of user empowerment with its platforms. It does that by ensuring that its users have a choice between multiple powerful platforms. In this case, the broker provides two of the most widely-used trading solutions available. You’ve likely already caught on, but we’re talking about MetaTrader 4 and MetaTrader 5. 


If you’ve been a trader for a while, you’re likely already used at least one of the two platforms. Most experienced traders are deeply familiar with both. While each has their own advantages, the differences in usability are fairly slight. Our recommendation is to use whichever you feel handles better.


And as we said numerous times in our expochains.com review, it values versatility. To that end, it also has a web and mobile platform for users that tend to move around while trading. With the broker’s setup, it's easy to stay on top of markets 24/7 without worrying you’ll miss something.


 


ExpoChains Review Conclusion


ExpoChains is a fantastic example of a broker that puts user needs first. It starts with what should be the baseline for every good broker, and that’s ensuring traders that they’re safe. ExpoChains doesn’t only do that with its behavior, but by setting specific measures that will help traders even if the broker weren’t willing to.


And it succeeds in doing so without sacrificing the strength of its conditions. It offers a fantastic and versatile trading service with numerous assets and strong conditions, such as a leverage cap of 1:1000.


To wrap up our ExpoChains review, we suggest trying the brokerage out. We guarantee it’s one of the top brokerage choices you can currently make.


 


ExpoChains FAQ



  1. Where is ExpoChains located?


ExpoChains operates from Luxembourg.



  1. Is ExpoChains regulated by the FCA?


Yes, and it's also part of the FSCS compensation program.



  1. Can ExpoChains be trusted?


Yes, ExpoChains is a fully trustworthy company.



  1. What type of broker is ExpoChains?


ExpoChains is a CFDs company.



  1. How does ExpoChains make money?


Like all CFD brokers, ExpoChains makes money via spreads.



  1. Where is ExpoChains available?


ExpoChains is available globally with the exception of a few countries.



  1. Can I use MT5 with ExpoChains?


Yes, ExpoChains offers users the choice between MT4 and MT5.



  1. Is Expochains' platform safe?


It is safe, MT4 and MT5 are among the safest online trading platforms.



  1. Can I trade crypto on ExpoChains?


Yes, ExpoChains offers crypto trading, and digital currencies are among its most popular assets.



  1. What is the minimum deposit for ExpoChains?


The lowest single deposit you can make is $100, but the minimum for a live account is $250.






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