What Is Chain Reaction?
Chain Reaction is an automated trading robot that operates in the same way as many other cryptocurrency bots. To benefit from its features, you must create an account by navigating to the official website and making a minimum deposit of $250. Chain Reaction also prides itself on using powerful algorithms to make trades on users’ behalf.
Moreover, this trading bot allows you to configure automation parameters and deploy them in a demo account first so that you can test the results of your trading strategy before moving into to the real market.Visit site and sign up here
Chain Reaction Overview
|🤖 Robot Type:||Cryptocurrency Robot|
|💸 Minimum Deposit:||$250|
|🚀 Claimed Win Rate:||65%|
|💰 Trading Fees:||None|
|💰 Account Fees:||None|
|💰 Deposit/Withdrawal Fees:||None|
|💰 Software cost:||Free|
|⌛ Withdrawal Timeframe:||Up to 24 hours|
|#️⃣ Number of Cryptocurrencies Supported:||12|
|💱 Supported Cryptocurrencies:||BTC, ETH, LTC, XRP, DOGE, SHIB, and more|
|💲 Supported Fiats:||USD, AUD, GBP, JPY, CAD, and more|
|📊 Leverage:||Not Specified|
|📱 Native Mobile App:||No|
|🖥️ Free Demo Account:||Yes|
|🎧 Customer Support:||Available upon registration via email and phone|
|✅ Verification required:||KYC|
|🔁 Automated Trading:||Yes|
|📈 CFD Available||Yes|
Pros and Cons of Using Chain Reaction
Who Is the Chain Reaction Owner?
Although there is no public record of the owners behind Chain Reaction, it is speculated that they are a team of professional traders and software developers with diverse experience in their relevant fields. It is also reported that the Chain Reaction team regularly updates the software to keep up with the changing nature of the market, though it doesn’t guarantee successful trades.
Getting Started With Chain Reaction
Chain Reaction is reportedly partnered with reputable brokers to ensure the security of funds and efficient trading. When getting started with the bot, you will be redirected to a suitable broker. Here is a brief overview of how to get started with Chain Reaction:
Visit the bot’s website to complete the account registration process
Make a deposit as per Chain Reaction’s requirements
Choose an asset, configure the robot, and trade
What Cryptocurrencies and Products Can You Trade Using Chain Reaction?
Chain Reaction automates cryptocurrency trading only. Some of the crypto assets to trade using the robot include
You can always confirm the availability of your preferred crypto asset before registering with Chain Reaction.
What Leverage Trading Options Are There?
Chain Reaction reportedly offers leverage trading on CFD assets. However, the ratio is not disclosed and verified yet. While leverage trading might look beneficial, it can also result in massive losses if you are not careful. Hence, apply leverage only if you are familiar with all the risks.
If you want to know more about leveraged trading, take a look at our comprehensive guides:
What Are the Spreads?
The spreads on the Chain Reaction trading platform vary depending on the broker and the exchange rate. Due to the market's volatility, you should expect some degree of fluctuation regarding crypto assets’ buying and selling prices.Visit site and sign up here
Fees, Limits, and Payment Options on Chain Reaction
How Much Does Chain Reaction Cost?
Signing up on Chain Reaction is free of cost, and there are no subscription or transaction charges. All you need is a minimum deposit of $250 to get started. Typically, regulated brokers also do not charge sign-up fees, hence if you encounter a platform charging account opening fees, you may want to rethink its credibility. As far as the bonus offers from Chain Reaction are concerned, we couldn’t find any verifiable information.
|💸 Minimum Deposit:||$250|
|💰 Trading Fees:||Zero|
|💰 Account Fees:||Zero|
|💰 Deposit/Withdrawal Fees:||Zero|
|💰 Software cost:||Zero|
|💰 Subscription cost:||Zero|
What Are the Payment Methods Accepted by Chain Reaction?
You can fund your Chain Reaction account through:
Does Chain Reaction Charge Fees and Commissions?
Chain Reaction is a free-to-use software, and you don't have to pay fees or commission charges to use the trading bot.
Chain Reaction Trade Sizes and Limits
Chain Reaction does not have specific trade sizes and limits except for the minimum deposit of $250 needed to access its demo and live trading accounts.
Chain Reaction Trading Platform
How Does Chain Reaction Work?
Chain Reaction reportedly makes use of AI technology to automate your cryptocurrency trades while accommodating the parameters and stop-loss limits configured by the users. This trading system takes your deposit and pays it into a broker wallet, after which the robot sends the signals for the execution of trades. While the robot claims a high-level accuracy, it is always best to take advantage of demo accounts to test the bot and ensure you understand all features.
What Devices Can I Use Chain Reaction On?
Users can access the Chain Reaction robot on any device with a web browser, such as Safari, Firefox, or Chrome. However, the bot does not have a native app to download and install on Android or iOS mobile devices. Here are the browser-powered devices you can use Chain Reaction on.
Laptops or desktops
Android and iOS devices (web browser)
What Exchanges and Brokers Does Chain Reaction Partner With?
It is reported that Chain Reaction has access to the global cryptocurrency CFDs (Contract for Differences) liquidity pools via tier-one brokers. The brokers it has partnered with allegedly work with global regulators, including FCA and ASIC.
Can I Use Chain Reaction in My Country?
Chain Reaction is currently accepted in most countries except the USA. Users can sign up for an account in any location that allows CFD trading for crypto assets. Some of these countries include;
|Country||Is Chain Reaction available?|
|Can I Use Chain Reaction in the UK?||Yes|
|Can I Use Chain Reaction in Canada?||Yes|
|Can I Use Chain Reaction in Australia?||Yes|
|Can I Use Chain Reaction in the USA?||No|
|Can I Use Chain Reaction in South Africa?||Yes|
|Can I Use Chain Reaction in New Zealand?||Yes|
|Can I Use Chain Reaction in the Philippines?||Yes|
|Can I Use Chain Reaction in the UAE?||Yes|
|Can I Use Chain Reaction in Singapore?||Yes|
|Can I Use Chain Reaction in France?||Yes|
|Can I Use Chain Reaction in Spain?||Yes|
|Can I Use Chain Reaction in Italy?||Yes|
|Can I Use Chain Reaction in Germany?||Yes|
|Can I Use Chain Reaction in Nigeria?||Yes|
|Can I Use Chain Reaction in Mexico?||Yes|
Is Chain Reaction Available in My Language?
Chain Reaction is available in various languages, including:
You can select your preferred language from the bot’s dropdown menu at the bottom of its homepage.
How Easy Is It to Use Chain Reaction?
Chain Reaction is a user-friendly crypto trading robot, hence traders of all levels should find it easy to navigate and place orders. The signup process is also straightforward and takes only a few minutes to complete.
How Much Profit Can You Make Using Chain Reaction?
The profit you can earn with any trading bot depends on your capital, strategy, and changes in the market. It is also possible that you won't make any profit at all, or even incur losses.Visit site and sign up here
Key Features of Chain Reaction
Chain Reaction has reported a lot of interesting features on the website, as illustrated below.
Chain Reaction offers a user-friendly interface, making it an excellent option for all types of cryptocurrency traders, whether newbies or professionals. You can make deposits, withdrawals, and place orders hassle-free.
Chain Reaction reportedly uses AI algorithms that automatically scan the crypto market to find potentially profitable signals and then use APIs to send them to brokers for trade execution. This automation leads to minimized human efforts while making it easy for you to plan and strategize.
Fast and Easy Withdrawals
Chain Reaction advertises a quick and easy withdrawal process, which, on the surface, is much more efficient than other platforms. According to this robot, you should be able to receive your funds when you make a withdrawal request within 24 hours.
Flexible Payment Methods
Chain Reaction supports various payment methods, providing flexibility for all traders. You can make deposits via credit/debit cards, bank transfers, or PayPal.
Chain Reaction Security and Regulation
Is Chain Reaction Legit?
Chain Reaction claims to be a legit trading robot that helps users access the crypto market with ease.
Is Chain Reaction Safe?
Chain Reaction reportedly partners with regulated brokers that guarantee the safety of your trading funds. On top of that, Chain Reaction cautions users of the risks involved in trading CFDs using leverage. In addition, you have to complete a KYC verification procedure to prove your identity and address.
Am I And My Money Protected With Chain Reaction?
Chain Reaction provides limited information regarding the brokers it partners with. While it claims to have partnered with regulated brokers, it is better to ensure the brokers connected with the robot are regulated by financial regulators like FCA and ASIC before depositing your money.
Is Chain Reaction Regulated?
No. The Chain Reaction crypto robot is not regulated. However, the bot claims to partner with regulated brokers who offer the best trading solutions to the users. That being said, ensure that the broker partnered with Chain Reaction is regulated by tier-one authorities for maximum safety.
Do I Have to Verify My Account With Chain Reaction?
Yes. You have to verify your email address before you can use Chain Reaction. You will then be paired with an account manager to deposit funds into your broker wallet. Remember, the broker connected with the robot may also require additional verification before you can start trading.
How Does Chain Reaction Work? Trading Strategies and Algorithms
Chain Reaction prides itself on being an AI-powered trading bot that executes trades on traders’ behalf based on developing market trends. It also claims to be one of the most efficient and reliable robots today, but we advise you not to depend on it entirely. Instead, track its performance and ensure you create trading strategies to maximize your potential.
Extra Information About Chain Reaction
Chain Reaction has a basic FAQ section for quick answers to commonly asked questions. The robot reportedly partners with brokers hosting learning resources to enhance your skills. You can also explore third-party blogs, podcasts, and YouTube channels. For further clarification on how the robot works, feel free to contact its customer support service.
Tools and Charting
You don’t need to engage in any time-consuming charting activities because the Chain Reaction crypto robot is reportedly automated and executes all trades on users’ behalf. However, you can take advantage of research tools on its partnered brokers’ platforms to develop solid trading strategies and track its performance.
We couldn't find any contact details on the Chain Reaction website. You can find out how to reach them once you have registered for a trading account and made the required $250 minimum deposit.
|Chain Reaction Customer Support||Details|
|Chain Reaction support email||Available after registration|
|Chain Reaction support contact number||Available after registration|
|Chain Reaction live chat option||Not available|
|Chain Reaction other support options||Not available|
Chain Reaction has a demo account available to help you understand how the robot works before venturing into the real market. Using it is free of charge, and enables you to practice risk-free. It is funded with virtual funds and works in an environment similar to live trading.
How to Begin Trading with Chain Reaction Trading Robot
Below are the steps you can follow to begin trading with the Chain Reaction robot.
Step 1 Account Registration
Step 2 Account Verification
Step 3 Deposit Funds
Step 4 Start With Demo Trading
Step 5 Live Trade
How to Delete a Chain Reaction Account?
Deleting your Chain Reaction account is easy and will only take a few minutes. You can do so by visiting the robot’s platform and accessing its menu at the top corner of the page to complete the process.
Alternatively, you can delete your Chain Reaction account through its connected broker. With this process, you should prepare to lose all your trading details on the broker and Chain Reaction platforms.
How to Withdraw Money From Chain Reaction?
The robot doesn't store your funds but the brokers it is attached to do. So, here are the steps for withdrawing funds from brokers connected to the Chain Reaction robot.
Navigate to the broker’s website and log in to your trading account.
From your wallet, click withdraw and select your preferred payment method
Enter the amount you wish to withdraw
Complete the process and have the money transferred to your preferred account within 24 hours
Remember, cryptocurrencies are not considered legal tender in most countries. Therefore, most brokers prefer payouts in only fiat currencies. This means that you should convert your crypto assets into your preferred fiat currency to complete a withdrawal, which, as mentioned earlier, takes, at most, 24 hours to complete.
Chain Reaction Celebrity/Company Endorsements
Many online written guides and articles claim that top celebrities and companies endorsed Chain Reaction. While these rumors could be true, we thought it is best to verify them so that readers don’t get misled based on mere rumors. Therefore, we did the necessary due diligence, and here are our findings.
Is Elon Musk Related to Chain Reaction?
No. Elon Musk is a popular businessman in the automotive industry. He is the CEO of Tesla and SpaceX, with an interest in cryptocurrency trading. However, based on our findings, Elon Musk is not related in any way to Chain Reaction.
Is Martin Lewis Related to Chain Reaction?
No. Martin Lewis is a popular English journalist and TV host. He is also the founder of the MoneySavingsExpert.com website, which he later sold to the MoneySupermarket.com Group for £87 million. Based on our research, there is no reliable information linking Martin Lewis to Chain Reaction, making the ongoing rumors untrue.
Is Jeremy Clarkson Related to Chain Reaction?
No. Jeremy Clarkson is an English broadcaster and a game show host. Besides motoring, Clarkson loves farming and is not connected to the cryptocurrency market or the Chain Reaction crypto robot.
Is Ant McPartlin Related to Chain Reaction?
No. Ant McPartlin is an English actor, television presenter, comedian, and singer. The actor has no association with the crypto market, leaving all the rumors untrue and misleading.
Is Karl Stefanovic Related to Chain Reaction?
No. Karl Stefanovic is an Australian Nine Network journalist and TV presenter. Throughout his period working with the Nine Network as a co-host, Stefanovic has never endorsed Chain Reaction, and as such, despite online claims, we believe he does not use it to trade or invest.
Chain Reaction in the News
Chain Reaction is also said to be featured in the news and on various TV shows. Therefore, we conducted investigations on some of the shows listed below.
Is This Morning Related to Chain Reaction?
No. This Morning is a British TV chat show with a mix of celebrity news, cooking tips, and trending games. With many episodes aired, none links the show to the Chain Reaction robot, making all rumors untrue.
Is Dragons Den Related to Chain Reaction?
No. Dragons Den is a TV reality show that features entrepreneurs who pitch business ideas to get funding from top global investors. Although there are claims that Chain Reaction was once featured on the Dragons Den show, we couldn't verify these claims.
Other Chain Reaction Reviews and User Testimonials
Below we sampled some of the top testimonials to ensure we leave no stone unturned in our research.
What Are the Top Chain Reaction Reviews on Forums and Reddit?
Reddit has always been a go-to platform for users looking to leave honest comments regarding their experiences with a product or service. However, based on our analysis, we couldn’t find any reviews for the Chain Reaction trading bot on Reddit.
What Are the Top Chain Reaction Reviews on Trustpilot?
Trustpilot is a reliable platform for studying a product from the customer’s side. We did some hunting but couldn’t track any reviews for the Chain Reaction bot on Trustpilot. You can find user testimonials on Chain Reaction’s official website, but we can't vouch for their credibility.
What to Consider When Starting With Chain Reaction
Use the demo account first to get familiar with the platform's interface.
Think about market conditions when deciding on a trading strategy.
Don't invest more than the minimum deposit to start with.
Read the terms and conditions carefully.
Monitor your account on a regular basis.
Remember profits aren't guaranteed, and don't trade with more than you can afford to lose.
Is there a Chain Reaction Alternative?
There are many crypto trading robots in existence, so if Chain Reaction isn't for you, check out some of our other reviews.
|Trading Robot||Minimum Deposit||Read our review|
|Immediate Edge||$250||Read our Immediate Edge review|
|Bitcoin Evolution||$250||Read our Bitcoin Evolution review|
|Quantum AI||$250||Read our Bitcoin Evolution review|
Chain Reaction Review: Final Thoughts
Chain Reaction claims to be a useful tool for traders of all experience levels who want to take the hassle out of trading and trade more efficiently. While some users may find the platform handy, remember that trading robots are highly risky. If you want to have full control over your assets and strategy choices, you might prefer to use a regulated platform such as eToro.