CHAINBLOCKS has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending for about five months trying to make CHAINBLOCKS work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Regular platform improvements|Risk management tools|Full transparency|Low minimum deposit
Cons: Could offer more webinars|Research section could be deeper
The platform at CHAINBLOCKS is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Copy trading available|Customizable dashboard|Good mobile app
Cons: No dark mode on mobile
The hidden fees at CHAINBLOCKS are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Risk management tools|Tax reports included|Wide product range|Competitive fees
Cons: Minor UI glitches occasionally
The spread at CHAINBLOCKS is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a financial advisor and initially thought the platform was good - until I started trading seriously.
Pros: API access|Fast support response|Full transparency
Cons: Inactivity fee applies after 12 months
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CHAINBLOCKS is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials