Expochains Broker Review

Do You Want to Find Out More About Expochains?

When you visit the Expochains website, the first thing you’ll see is a warning about phishing. That is a very bad sign. Basically, don’t give them any of your information. Expochains claims to be located in Luxembourg, and yet it claims to offer a service brokers offer if they have a license from the FCA in the UK. Expochains has no license from the FCA, so it’s advertising a service it doesn’t provide. There are many problems with Expochains. They ask for an outrageous minimum deposit of $10,000USD, yet it only offers a web-based trading platform and not MetaTrader.

Is Expochains Legitimate or a Scam Broker?

Expochains has been flagged by the FSMA, the Belgian regulatory authority. It also has an outrageous leverage of up to 1:1,000. This puts traders in danger, because it encourages them to get into debt to the broker and it allows them to justify not allowing customers to withdraw their money. We can’t think of any reason to open an account with this broker. 

Here Are Some Problems with Expochains:

  • No license
  • Huge minimum deposit
  • High fees and spreads
  • Flagged by the FSMA
  • Verified customer complaints

What to Do If You’ve Lost Money with Expochains

If you have opened an account with IB-Finanzas, but feel suspicious about them, you’ll want to seek assistance from Broker Dispute immediately. Our experts will consult with you and bolster your claim to help you get your money back. Broker Dispute is a leader in fund recovery and will help you retrieve your funds from a broker scam.