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An Honest Chain Reaction trading Review in 2023

Last updated 17th Jan 2023
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Trading cryptocurrency is difficult, and there are several reasons behind it. Not only is this market on the Ferris wheel 24/7, but it is also difficult to crack the fundamentals and keep track of the latest happening in the industry. For this purpose, many individuals resort to cryptocurrency trading bots.

Chain Reaction is one of the cryptocurrency trading robots that claim to help traders in navigating their way through the sophisticated world of cryptocurrency. To ensure that you have 360 degrees understanding of its credibility, we have reviewed the Chain Reaction trading robot below by analyzing its features, fees, and other important parameters.

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 offloading it to the real market.

Chain Reaction Overview

🤖 Robot Type:Cryptocurrency Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 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 AvailableYes

Pros and Cons of Using Chain Reaction

Pros

Simple account registration procedure
Reportedly powered by AI technology for maximum accuracy
User-friendly and intuitive design interface
Free automated crypto trading services
Reportedly partners with licensed brokers for maximum safety

Cons

The minimum deposit could be high for low-budget traders
No native app on the App Store and Google Play
Leverage not specified

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, however, 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 hosting it for maximum safety. Here is a brief overview of how to get started with Chain Reaction:

  1. Visit the bot’s website to complete the account registration process

  2. Make a deposit as per Chain Reaction’s requirements

  3. 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 Bitcoin, Ethereum, Litecoin, Dogecoin, and Shiba Inu. 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, this 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.

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.

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 and 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 is 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 Wire transfer, PayPal, Debit Card, or Credit Card.

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 configured by the users and stop-loss limits. 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 brokers and ensure you understand all features attached.

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)

  • Tablets

What Exchanges and Brokers Does Chain Reaction Partner With?

It is reported that Chain Reaction has an access to the global cryptocurrency CFDs (Contract for Differences) liquidity pools via tier-one brokers. The brokers it has partnered with work under the 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;

CountryIs 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 English, German, Swedish, Italian, Spanish, French, Dutch, etc. 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 around and place orders. The signup process is also straightforward and consumes 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 skills. You need to thoroughly analyze the market for the best strategy and track the bot’s performance from time to time for increased potential.

Overall, have a plan and be open to learning from the mistakes you make along the way. While calculating your potential earnings, factor in the tax deductions to the relevant authorities, such as the IRS/HRMC, since cryptocurrency trading in most countries is considered a taxable event.

Key Features of Chain Reaction

Chain Reaction has reported a lot of interesting features on the website, as illustrated below.

  1. User-Friendly Interface

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 trade orders hassle-free.

  1. Automated Trading

Chain Reaction reportedly uses AI algorithms that automatically crawl 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.

  1. 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.

  1. Flexible Payment Methods

Chain Reaction supports various payment methods flexible for all traders. You can make deposits via credit/debit cards, bank transfers, or PayPal.

Am I and My Money Protected?

Chain Reaction claims to offer security to traders’ funds by partnering with brokers regulated by authorities. Additionally, it requires all traders to complete the KYC verification procedure to keep fraudsters at bay, and its AML compliance also ensures the protection of data and email.

Chain Reaction Security and Regulation

Is Chain Reaction Legit?

Based on the data collected from various sources, Chain Reaction seems like a legit cryptocurrency trading robot.

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. 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 partnership 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 accounts 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 the 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

Educational Resources

Chain Reaction has a basic FAQ section for quick answers to commonly asked questions. Fortunately, 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 strenuous charting process 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.

Customer Support

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 SupportDetails
Chain Reaction support emailAvailable after registration
Chain Reaction support contact numberAvailable after registration
Chain Reaction live chat optionNot available
Chain Reaction other support optionsNot available

Demo Account

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 there are no risks of losing money. 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

The first step toward getting started with Chain Reaction is completing the registration form, which is available on its website. You will fill in your personal details, including your name, email, and phone number. A link will then be sent to your email for verification purposes.

Step 2: Account Verification

Once you have completed the account registration process, you will be required to verify your trading account to have it fully activated. You will participate in the KYC process that involves submitting your ID card for identity verification and receiving an email to prove ownership.

Step 3: Deposit Funds

Once your Chain Reaction account is active, you must deposit at least $250 per the bot’s requirements. Keep in mind that the Chain Reaction allows transactions using various payment methods. Therefore, make sure you make the deposit using your preferred option.

Step 4: Start With Demo

The broker partnering with Chain Reaction will confirm receipt of your deposit, after which you will be free to access the robot and allow it to trade. However, we advise you to get started using the demo account to test it and minimize the risks of losing your hard-earned money.

Step 5: Live Trade

After using the demo account and developing confidence in your skills, you can adjust your strategy and start live trading. We advise Chain Reaction users to set trading limits to safeguard their capital and minimize potential losses. If you are still unsure how to go about live trading or how to use a trading platform, an account manager can help you configure your settings.

How to Delete 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 its 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. So, here are the steps for withdrawing funds from brokers connected to the Chain Reaction robot.

  1. Navigate to the broker’s website and log in to your trading account.

  2. From your wallet, click withdraw and select your preferred payment method

  3. Enter the amount you wish to withdraw

  4. 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 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 did our 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. The 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

Besides gaining a few detractors, Chain Reaction continues to receive excellent reviews and testimonials from users. Below we sampled some of the top testimonials to ensure we leave no table unturned in our research and you clear all doubts.

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 to clear any doubts regarding its credibility.

FAQs

Do I need any crypto trading knowledge to get started with Chain Reaction?
Are there any risks of using Chain Reaction?
Does Elon Musk or any corporations (like Tesla) use Chain Reaction?
Chain Reaction celebrity and media endorsements, is it all true?
My Chain Reaction account is frozen; what can I do?
How much profit can I make with Chain Reaction?
Are there any hidden fees with Chain Reaction?
What to do if you're losing money with Chain Reaction?
How to stop receiving Chain Reaction spam emails?
Is Chain Reaction a scam and a pyramid scheme?
Can Chain Reaction be trusted?
What are crypto robots?
Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.