Review of UberChains – 5 Alarming Details About This Uncontrolled Fraud

Since there is no information about the ownership, we can’t define for sure where they operate from. Allegedly they are from the UK but we don’t see an FCA license on their website. Everything looks shady.

In addition, we recommend reading our reviews about brokers EGMarkets, StellarFX and EvoCapitals.

Above all, you can only contact the company through e-mail. Which is very disappointing if you are looking to invest your money somewhere.

That’s why regulations are very important in the trading business.

Is UberChains a Scam Brokerage Company Without a License?

Certainly, when the company doesn’t have a license, the potential for a scam rises percentwise. With UberChains broker that number is maxed out. Of course, their license is missing.

This is a freshly designed website, without any integrity and its goal is to lure clients into fake investments. Be careful when handing money over to strangers.

Summary: If you were looking for safety and integrity you won’t find it with UberChains. They don’t even provide ownership or licensing information. If they are hiding themselves, they are hiding many other things.

Arguments For Trading With a Licensed Broker

Licensed brokers have everything in black and white. There is no grey zone and they even give you protection. From negative balance protection, limits on leverages, funds recovery in case of bankruptcy and many more.

That’s why we always suggest you look for regulators like FCA, BaFin or ASIC. Those are Tier 1 types and the most trusted ones.

Looking for UberChains trading in their register didn’t give us any results.

Analysis of Customer Reviews Related to UberChains

Analyzing UberChains reviews didn’t surprise us. There are a lot of people complaining about their services. More than 30% of comments, out of 16 on Trustpilot were rated 1-star.  

On some other forums as well, we found negative reviews about this broker. Stay safe and don’t invest money here!

They are scamming traders from Norway, Belgium, France, Australia and Sweden.

UberChains Software – Platform Tools

Even if you were not convinced with this UberChains review so far why not trade with them, you will be now. They only offer a web-based trading platform with an insane number of financial instruments. But there is a catch.

If you want to get access to the platform and check the availability of trading tools and features, you need to make a deposit first.

Besides that, the functionality of the platform is questionable for mobile devices. Since the company doesn’t have an app, you will need to get access to the platform through the browser.

At this stage, we would only suggest you go with a licensed company and try a demo or micro account first.

What Financial Instruments Does UberChains Include?

We managed to get information about the assets that they are offering. It’s quite impressive for scamming company. You can trade on 5 different instrument classes:

• Forex                      USD/JPY, AUD/NZD, USD/MXN
• Commodities           gold, natural gas, platinum
• Indices                    DowJones, FTSE100, Nikkei 225
• Stocks                     AMD, Facebook, Alphabet
• Cryptocurrencies    Dogecoin, BTC, ETH

On the other hand, the reliability of data about the assets is questionable since the company doesn’t have regulations.

Areas Of UberChains Scam

This company is obviously reaching out to rich countries. They are not wasting any of their time. UberChains broker is mostly scamming traders from:

• Belgium
• Norway
• Sweden
• France
• Australia

The company is allegedly based in the UK but not trading with UK clients. There is something strange.

UberChains List of Account Types

As we mentioned they are targeting rich countries. That’s why their minimum requirement starts from 10.000 USD.

Available account types are:

• Bronze         10.000$
• Silver           25.000$
• Gold            50.000$
• Platinum      100.000$

For a company without regulations, these amounts are quite unreasonable. This would be logical for some licensed companies since they have some integrity.

UberChains Deposit and Withdrawal Policies

One of the worst things investment companies could do is not disclose a deposit and withdrawal policy. They don’t provide any information about payment providers or ways to make a transfer.

Above all, withdrawals that are even more important are not mentioned anywhere on their website. From the UberChains reviews, we could only find complaints that they are asking for extra fees before allowing your withdrawal.

But withdrawals never happen with these scammers. Once they get the last penny from you, they have vanished.

UberChains Terms and Conditions

After all, if you even decided to put money here, you still don’t know what you are into. They don’t disclose anywhere basic conditions. Not to mention trading conditions, which are as well important.

Once you get to the platform, expect the unexpected. The higher account you open, the higher leverage you get. To lure you for bigger profits, but in the end, you get a higher risk.

The lack of clarity and important information here is crucial. Nobody wants to deal with ghosts. This is exactly the proof of why you should always be looking for regulated companies.

UberChains Broker Scammed You? – Please Tell Us Your Story

We have done our best to show you how not to fall for these scams. In the case that you already did, don’t lose faith.

If you just knew ways how to get money back, you would do it so far. That’s why you can contact our experts to get started with the first steps.

What Is the Chargeback Procedure?

Companies like these are often charging by a Debit or Credit card. If that’s the case, you can file for a chargeback. We can assist you with the procedure.

However, if the transaction was crypto, there is a program that can trace the route of that transaction.  It’s called CipherTrace and our experts can give you more details about it.

Get back to us now!