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GIGACHAINS- some details about this forex broker

WikiFX | 2025-01-09 13:45

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
Founded2022
Registered Country/RegionChina
RegulationNot regulated
Market InstrumentsForex, cryptocurrencies, and CFDs
Demo Account/
LeverageUp to 1:50
Spread/
Trading PlatformWeb
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 typesRelatively 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!

No license

What Can I Trade on GIGACHAINS?

Tradable Instruments Supported
Forex✔
Cryptocurrencies ✔
CFDs✔
Bonds❌
Options ❌
ETFs❌

Account Type/Leverage

Account TypeMax Leverage
Silver 1:15
Gold1:25
Platinum1:50

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 PlatformSupported Available Devices Suitable for
Web ✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Forex tradingForex Broker

Related broker

No Regulation
GIGACHAINS
Company name:GIGACHAINS
Score
1.42
Website:https://www.gigachains.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.42

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