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ViaChains Review: Avoid This Platform (viachains.com review)

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ViaChains Review: Avoid This Platform (viachains.com review)

ViaChains (viachains.com) might look like the perfect trading platform, but it’s far from it. The platform has, over the weeks, been blocking withdrawals. No one seems to withdraw their hard-earned trading profit margins from the platform. Via Chains is a platform that’s only looking to take advantage of those who deposit. The truth is out there, as there are hundreds of complaints. Here’s our clear VIACHAINS REVIEW.

A Brief Analysis (viachains.com review)

The platform claims to exist to help traders find profitable trades. However, ViaChains is not only a trading platform and doubles up as a wealth management platform. Those who dare give the platform a chance to manage their wealth end up ruing the decision.

ViaChains Review: Pros and Cons

Once you land on the homepage, you find a platform with a sleek design. You won’t navigate easily, though, as the platform tends to hide relevant information. Traders don’t get to see available accounts and features.

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Via Chains is a platform whose ideologies don’t match the current market. Moreover, the platform is far from transparent. Those who invested heavily are now wondering about their next move. Regulators are planning to start an official investigation.

From the word go, we can tell why naïve investors would fall for the platform. With a sleek design, it makes it a plausible platform for many. But unfortunately, most investors make a mistake not following up on the platform’s claims.

Before moving forward with any platform, it would be best if you protect your interests first. These are the platforms that indicate what you need moving forward. Go for platforms that enjoy the backing of the crypto and forex community.

Your first option should be due diligence on the platform in question. A quick research of the platform using web engines will yield results. Most will have the verdict that viachains.com is a scam.

Accounts available ViaChains

ViaChains is furnishing members with a single account for all services provided. That means you only need to open an account and get started. The problem with this platform is information regarding the services on offer.

You won’t find any information regarding account features such as minimum deposit and leverage. There’s a hidden reason why the platform fails to mention these aspects. The platform wants to take complete advantage.

Accounts features

Without quoting the minimum deposit, the platform leaves it for interpretation. However, when you deposit lower than $1,000, you get a call urging you to hit the mark. The platform will insist the more you deposit, the higher your chances of winning.

That’s not the case, as regulated platforms even ask for as low as $10. Via Chains is only looking to have you deposit more so they can block it. No one gets to withdraw from the platform as viachains.com deletes your account balance.

Account opening process viachains.com

We also have a problem with their account opening procedure. You fill in the form just like other platforms. After opening an account, the platform will later ask for verification documents. That’s where we draw the line.

Members must upload documents, including bank account statements, credit card details, and IDs. We don’t see why this is because the platform can use the two-factor authentication process.

ViaChains Accounts and Tiers

Assets and trading instruments

There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. For example, you can trade commodities such as crude oil, natural gas, wheat, and sugar.

Forex trading involves major currency pairs only. Base currencies include AUD, EUR, GBP, JPY, and USD. Members don’t get the luxury of spreading risks with exotic and minor currency pairs.

Some of the indices available include those from the United States. These are DAX, Dow Jones, NASDAQ, and S&P 500. You also trade stocks from leading companies in all sectors, including aviation, manufacturing, tech, and textile.

Business Registry

The platform doesn’t show any business registry documents. Via Chains also fails to upload any certificates from the area of jurisdiction. We also have a platform that uses stock images as staff members.

Madlen Green, Head of Trading, is a stock image on the about us page. Unfortunately, the photo was used in several other scams. And that’s how we know Viachains is a scam posing as a forex and wealth management platform.

It also makes the platform anonymous as the real culprits behind the platform remain unknown. Please don’t sign up with such platforms, as it’s not an easy task for you. Recovering funds is an impossible task, even for recovery agents.

Avoid sharing your wealth with viachains.com

Are funds safe with ViaChains?

Your funds are not safe with a platform that’s anonymous and unregulated. The platform fails in its quest to convince us of the safety of funds. Various reasons make it impossible for the platform to safeguard your interests.

These include the platform failing to offer insurance cover for deposits made by investors. In addition, the platform doesn’t engage with regulators. As the law dictates, liquidity providers should deposit a minimum amount with regulators.

The deposit is the insurance cover members have when engaging with the platform. Without it, the platform doesn’t have your interest at heart. But unfortunately, the platform also fails to segregate accounts.

We see a platform that holds all funds in a single account. So at any time, the owner may decide to transfer funds without raising an alarm. That’s uncalled for as segregation of funds is required to protect investors.

Accessible trading platform

The platform claims to have a web-based trading platform. Unfortunately, there’s not much information about it. Once you sign up, you get an unstable platform that lacks several tools. Members have a luckster trading platform.

Experts insist on using proven platforms that help improve your skills. These include MT4, MT5, and SIRIX. With any of the three mentioned trading terminals, you get several advantages. However, an unstable platform is slow at executing trades.

Client Testimony

Several clients have posted their experiences on the platform on several social media pages. Yet, the platform doesn’t even attempt to respond to these allegations. We believe it weird that the platform doesn’t have a social media profile of its own.

Contact and Support Via Chains

The platform lists an email and phone number for reference on the contact page. We attempted to place a call. Unfortunately, that didn’t go well as the platform failed to pick any of our a hundred calls. The platform also failed to respond to withdrawal requests via email.

Before you engage with a platform, ensure you test the contact aspect. Make sure the broker is available. Regulated platforms try and ensure there’s 24/5 support via all channels. And that makes life easier for traders.

Deposit and withdrawal channels viachains.com

There are several depository options available on the platform. These include bank and wire transfers. Unfortunately, the platform doesn’t accept crypto payments. After depositing, funds appear on your dashboard within 24 hours.

Withdrawing funds from the platform remains the biggest issue facing members. So please avoid the platform, as you won’t withdraw a dime.

Bottom Line ViaChains

Avoid the platform as it blocks withdrawals from clients.

PS: Go for the industry’s best crypto investment options.

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