Immediate Chain (theimmediatechain.com.au) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: theimmediatechain.com.au.
After using Immediate Chain (theimmediatechain.com.au) since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Dividend tracking|Reliable uptime
Cons: No fractional shares|Spreads widen during volatile periods
I wanted to transfer my portfolio from another broker to Immediate Chain (theimmediatechain.com.au). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast deposits|Multi-currency support|Social trading features|Excellent charting
Cons: None so far|Currency conversion fee exists
After spending for about three months trying to make Immediate Chain (theimmediatechain.com.au) 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: Two-factor authentication|Demo account available|Stable platform
Cons: Live chat only during business hours
Where do I even begin with Immediate Chain (theimmediatechain.com.au)? for about eight months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Full transparency|Two-factor authentication
Cons: Email notifications too frequent|Withdrawal takes 1-2 business days
I trusted Immediate Chain (theimmediatechain.com.au) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-currency support|Easy to use platform|Excellent charting|Reliable uptime
Cons: Limited social trading features|Slow to add new assets
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Immediate Chain (theimmediatechain.com.au) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Demo account available|Automated trading options|High security standards
Cons: Alert system is basic
If you are reading this considering Immediate Chain (theimmediatechain.com.au) - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Clear documentation|Wide product range
Cons: Minimum deposit could be lower|Email notifications too frequent
I closed a profitable position at Immediate Chain (theimmediatechain.com.au) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Stable platform|Regular updates
Cons: Cannot customize dashboard fully