GIGACHAINS- some details about this forex broker
Abstract：GIGACHAINS, founded in 2022 in China, is a relatively new unregulated broker. It provides many trading assets, like Forex, cryptocurrencies, and CFDs with leverage up to 1:50 on the web platform.
Note: GIGACHAINS's official website - https://www.gigachains.com is currently inaccessible normally.
| GIGACHAINS Review Summary | |
| Founded | 2022 |
| Registered Country/Region | China |
| Regulation | Not regulated |
| Market Instruments | Forex, cryptocurrencies, and CFDs |
| Demo Account | / |
| Leverage | Up to 1:50 |
| Spread | / |
| Trading Platform | Web |
| Min Deposit | / |
| Customer Support | / |
GIGACHAINS, founded in 2022 in China, is a relatively new unregulated broker. It provides many trading assets, like Forex, cryptocurrencies, and CFDs with leverage up to 1:50 on the web platform.
Pros and Cons
| Pros | Cons |
| Multiple account types | Relatively new |
| Not regulated | |
| Limited trading assets | |
| No MT4 or MT5 | |
| Inactivity fee charged |
Is GIGACHAINS Legit?
Regulated brokers are safer than unregulated ones. However, GIGACHAINS is currently an unregulated broker, which means that clients' funds and trading activities are completely unprotected. Please be aware of the risk!
What Can I Trade on GIGACHAINS?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Leverage
| Account Type | Max Leverage |
| Silver | 1:15 |
| Gold | 1:25 |
| Platinum | 1:50 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions and Fees
GIGACHAINS need to charge a 20% commission in advance.
There is an inactivity fee of 10% per month if traders don't sign up or trade within 3 months.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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