Breaking News
  • KBLTrade review – 5 things you should know about kbltrade.com
  • UnionStock review – 5 things you should know about unionstock.co
  • Medal Bravery Gold Review – 5 things you should know about mbgmarketsltd.com
  • Ethusdtbtc Review – 5 things you should know about ethusdtbtc.com
  • $9 Million Handed to Whistleblower by SEC
  • Boracircle Review – 5 things you should know about boracircle.com
  • LeadDeerLTD review – 5 things you should know about leaddeerltd.com
  • CrowdTechTrade review – 5 things you should know about crowdtechtrade.com
  • East-Century.com review – 5 things you should know about east-century.com
  • ZotaTrade review – 5 things you should know about zotatrade.com
  • McGregor Trade review – 5 things you should know about mcgregortrade.com
  • Options Legion Review – 5 things you should know about optionslegion.com
  • CryptoWorldTrade Review – 5 things you should know about cryptowordtrade.com
  • Direct Crypto Withdrawal Service Released by Skrill
  • SquireFX.com review – 5 things you should know about squirefx
  • Dibort FX Review – 5 things you should know dibortfx.com

THEFOREXREVIEW Forex brokers reviews & scam warnings

  • Home
  • News
  • Reviews
  • Forex brokers
  • Crypto robots
  • Scam Warnings
  • Contact Us
Menu
  • Home
  • News
  • Reviews
  • Forex brokers
  • Crypto robots
  • Scam Warnings
  • Contact Us
2021-02-18
The Forex Review
Home
Reviews
Forex brokers
ChamberFX.com review – 5 things you should know about chamberfx

ChamberFX.com review – 5 things you should know about chamberfx

By The Forex Review
- February 18, 2021

RECOMMENDED FOREX BROKERS

IG USForex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

ChamberFX.com tries really hard to impress and to make certain that users will trust it. And users can trust it, but at the same time, they cannot fully rely on it. The case of ChamberFX.com is very unique and rather hard to explain. Those users that are willing to invest in ChamberFX.com should first read the following review and then put it side by side to the broker. We think that this the best way that users will get a hang of just how odd and suspicious ChamberFX.com is.

Registering is the first step we take. In no more than 10 seconds, we were integrated into a user area that was impressiven and that surely surprised us with its slick yet simple design. We easily opened a live trading account ven without depositing anything. Subsequently, the live account was opened in an MT4 lookalike, which revealed to us a spread for the EUR/USD currency pair of 2.4 pips which is not really appropriate and lucrative to users. We consider the maximum to be 2 pips. Anything over that seems a bit exaggerated. Users are able to freely change their leverage amount. The highest leverage cap at ChamberFX.com is 1:500. The web-based trading software gives clients the ability to trade with forex currency pairs, cryptocurrencies, commodities, shares, futures, and spot indices.

The website of the broker is available in English only.

CHAMBERFX.COM REGULATION AND SAFETY OF FUNDS

ChamberFX.com is a trading name of CHAMBER (HOLDINGS) PTY LTD a company authorized and regulated by ASIC. We checked the ASIC registry and were surprised to find positive results! CHAMBER (HOLDINGS) PTY LTD really is regulated by ASIC.

However, the applicable law clause in the Terms and Conditions states that users are bound by the laws of the UK and Northern Ireland alongside with Australia. Shouldn’t this mean that ChamberFX.com is also regulated by the FCA? It isn’t…

This information is very confusing and in away contradictory. However, we cannot ignore the official ASIC license.

Yet, we can theorize that ChamberFX.com has applied the name CHAMBER (HOLDINGS) PTY LTD without any consequence. As you can see from the snip above, there is no officially approved domain, therefore we can simply suppose that ChamberFX.com is a clone firm. Unfortunately, there is no real way to reveal this because the ASCI info we found is simply not sufficient to support our theory.

CHAMBERFX.COM TRADING SOFTWARE

The trading software has some very obvious ties to the MT4 and MT5, but it’s obvious that this trading terminal is not the MetaQuotes giant. The reason we think so is because of the URL which gives us a thesystemstech. This is the first time we hear of this third party, and as such we cannot give it our full trust!

What this one has are pending orders, chart customization options, multiple time frames, and some chart customization options, among others. The platform heavily relies on the structure and features of the MT4, and for that, we accuse it of imitation!

CHAMBERFX.COM DEPOSIT/WITHDRAW METHODS AND FEES

What was strange was that the only payment method there was, was iPay, a very uncommon alternative payment method, certainly even for regulated brokers. There was no way to proceed with the payment because the site gave us an error page, something to do with reaching our email limit, which seems ridiculous. According to the website, the minimum deposit is $250, but we find no way to actually verify this.

The user area also reveals that the only withdrawal method is transfer through a bank. However, we have significant proof that withdrawals are not possible. The process claims to be successful even when we only type in the amount.

As you can see from the snip, we have only completed only one field in the payment form, and the broker has indicated that the withdrawal is successful. How can it be a success if we have not given our bank details? Will this be any different if we give bank details? The only way to answer these questions is if a user deposits and then proceeds to withdraw. However seeing the state of the broker we do not recommend investing!
There are no withdrawal fees as indicated by the broker, and the processing time should be around 3 to 5 days.

There is something very suspicious going on here, and we wonder how ChamberFX.com got its ASIC license with all these negative and suspicious aspects it currently employs as part of its package. These suspicious elements include the high spread, the questionable payment practices, and the trading platform. Personally, we think that ChamberFX.com is not worth it.

Rich Snippet Data
Reviewer
TheForexReview
Review Date
2021-02-18
Reviewed Broker
ChamberFX.com
Broker Rating
31star1star1stargraygray
FP Markets
Tagschamberfxchamberfx depositchamberfx loginchamberfx reviewchamberfx withdrawal

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US5/5$50 Click for a special offerWebsite
USA5/5$250 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Cancel Reply

Your email address will not be published. Required fields are marked *

Latest forex news and scam warnings

$9 Million Handed to Whistleblower by SEC

The Forex Review February 26, 2021

Direct Crypto Withdrawal Service Released by Skrill

The Forex Review February 25, 2021

US Department of Justice Charges Serbian Man for Investment Fraud

The Forex Review February 24, 2021

HSBC Announces Revenue Drop in 2020

The Forex Review February 23, 2021

Grayscale Now Holds More Than $40 Billion Worth of Crypto Assets

The Forex Review February 22, 2021

Recommended Forex Brokers

  • XM Click for a special offer
  • FBS Click for a special offer
  • FXTM Click for a special offer
  • FP Markets Click for a special offer
  • FXCM Click for a special offer
  • FxPro Click for a special offer

Latest reviews

KBLTrade review – 5 things you should know about kbltrade.com

The Forex Review February 27, 2021

UnionStock review – 5 things you should know about unionstock.co

The Forex Review February 27, 2021

Medal Bravery Gold Review – 5 things you should know about mbgmarketsltd.com

The Forex Review February 26, 2021

Ethusdtbtc Review – 5 things you should know about ethusdtbtc.com

The Forex Review February 26, 2021

Boracircle Review – 5 things you should know about boracircle.com

The Forex Review February 26, 2021

LeadDeerLTD review – 5 things you should know about leaddeerltd.com

The Forex Review February 26, 2021

CrowdTechTrade review – 5 things you should know about crowdtechtrade.com

The Forex Review February 26, 2021

East-Century.com review – 5 things you should know about east-century.com

The Forex Review February 26, 2021

ZotaTrade review – 5 things you should know about zotatrade.com

The Forex Review February 26, 2021

McGregor Trade review – 5 things you should know about mcgregortrade.com

The Forex Review February 25, 2021

Options Legion Review – 5 things you should know about optionslegion.com

The Forex Review February 25, 2021

CryptoWorldTrade Review – 5 things you should know about cryptowordtrade.com

The Forex Review February 25, 2021

SquireFX.com review – 5 things you should know about squirefx

The Forex Review February 25, 2021

Dibort FX Review – 5 things you should know dibortfx.com

The Forex Review February 25, 2021

EforFX15 review – 5 things you should know about eforfx15.com

The Forex Review February 25, 2021

Fibido review – 5 things you should know about fibido.io

The Forex Review February 25, 2021

MagKing Forex review – 5 things you should know about kfforex.com

The Forex Review February 24, 2021

Zacks Trade Review – 5 things you should know about zackstrade.com

The Forex Review February 24, 2021

Fxcryptostock Review – 5 things you should know about fxcryptostock.com

The Forex Review February 24, 2021

EverlastingMarkets review – 5 things you should know about everlastingmarkets.com

The Forex Review February 24, 2021
  • Popular

  • Comments

Beurax Review – 5 things you should know about beurax.com

The Forex Review February 16, 2021

MasterCard to Support Crypto Payments Sometime This Year

The Forex Review February 12, 2021

Europol Apprehends Scammers for $100 Million Crypto Fraud

The Forex Review February 11, 2021

24xForex review – 5 things you should know about 24xforex.com

The Forex Review February 4, 2021

Admirals Markets AS Fined by Estonian Regulator

The Forex Review February 10, 2021

Pedro Carbajal: When I started trading at hycm - I felt a kind of energy tha ..

ENRICO: swiss forex broker - swiss fingroup ltd - Aderon EU LLC. tra ..

YYSZETO: 1st i wanted to invest in “E-YUAN” which it was advertising ..

Samia: Spotfinex Ltd is a scam, Joshua Cole Tomlinson and Ellie Pal ..

Nicole O: Complete scam. Invested money 5 months ago and they stalled ..

Forex brokers lists

UK Brokers
EU Brokers
US Brokers
Australian Brokers
Canadian Brokers
South African Brokers
South Korean brokers
Taiwanese brokers

New Zealand
Singapore Brokers
Austrian brokers
Swiss brokers
French brokers
German brokers
Spanish brokers
Portuguese brokers
Greek brokers
Serbian brokers
Danish brokers
Swedish brokers
Norwegian brokers
Finnish brokers
Iceland brokers
Turkish brokers
Japanese brokers
Nigerian Brokers
Irish brokers
Italian brokers
Iranian brokers
Israeli brokers
Luxembourg brokers
Chilean brokers
Costa Rica brokers
Peruvian brokers 
Guatemala brokers
El Salvador brokers
Uruguayan brokers
Belize brokers
Panama brokers
Filipino brokers
Kenya brokers
Myanmar brokers
Indonesian brokers
Indian Brokers
Sri Lanka brokers
Thai Brokers
Chinese Brokers
Egyptian brokers
UAE Brokers
Saudi Arabia brokers
Qatar brokers
Kuwait brokers
Brazilian Brokers
Vietnamese brokers
Congo brokers
Cameroonian brokers
Lebanese brokers
Angola brokers
Zambian brokers
Senegalese brokers
Zimbabwean brokers
Botswana brokers
Sierra Leone brokers
Niger brokers
Eritrean brokers
Liberian brokers
Burkina Faso brokers
Malawi brokers
Mauritanian brokers
Togo brokers
Dominican brokers
Ugandan brokers
Madagascar brokers
Tanzanian brokers
Ghana brokers

Hong Kong brokers
Macau brokers
Malaysian brokers 
Pakistani brokers
Uzbekistani brokers
Argentinian brokers
Algerian brokers
Jordanian brokers
Moroccan brokers
Russian brokers
Kazakh brokers
Belarusian brokers
Azerbaijani brokers
Georgian brokers
Dutch brokers 
Mexican brokers
Nicaragua brokers
Nepal brokers
Jamaica brokers
Oman brokers
Colombian brokers
Bulgarian brokers
Romanian brokers
Hungarian brokers
Croatian brokers
Polish brokers
Czech brokers
Cambodian brokers
Slovakia brokers
Slovenian brokers
Lithuanian brokers
Latvian brokers
Estonian brokers
Ukraine brokers
Maltese brokers
Ethiopian brokers
Lesotho brokers
Namibian brokers
Burundi brokers
Benin brokers
Chad brokers
Côte d’Ivoire brokers
Papuan brokers
Malian brokers
Mozambique brokers
Offshore brokers
MetaTrader 4 brokers
MetaTrader 5 brokers
PayPal brokers
Skrill brokers 
Neteller brokers
UnionPay brokers
FasaPay brokers
Sofort brokers 
GiroPay brokers
QIWI brokers
iDeal brokers
POLi brokers
BPay brokers
Paysafecard brokers
Payza brokers
Payeer brokers
PerfectMoney brokers
Przelewy24 brokers
WebMoney brokers
Western Union brokers
MoneyGram brokers
AstroPay brokers
Cashu brokers
China UnionPay brokers
Advanced cash brokers
ePayments brokers
Brokers accepting bitcoin
Brokers offering leverage of 1:100

Copyright © 2015-2020 TheForexReview.com.
RECOMMENDED FOREX BROKERS
IG USForex.com