Review of Ethereum Code

With Ethereum Code it's possible to trade cryptocurrencies 24/7 without manually executing each transaction. The platform's cryptocurrency robot can be programmed to trade on your behalf, read our review to find out more.
By: Pooja Kadia
Pooja Kadia
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She… read more.
Updated: Aug 11, 2022
4/5 Star rating
16 min read
Visit site & Sign up

Ethereum Code is software that automates trading in digital assets like Bitcoin. Its official platform does not reveal the details of its founder/s or the team behind the creation of this robot. The website claims its software is highly accurate and can help generate easy profits with cryptocurrency trading. 

It also states that its software is easy to use, and beginners can quickly generate profits without understanding cryptocurrency markets. In this Ethereum Code review, we explore the features and functionalities of this robot. We also examine the bold statements proclaimed on its official website to check if they’re true.

We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Pros & Cons

Pros:

Offers leveraged trading
Advanced technological tools like AI
Data secured by SSL encryption

Cons:

What is Ethereum Code and what can I do with it?

Ethereum Code is a cryptocurrency trading robot that uses artificial intelligence and statistical algorithms to create trading signals. It searches for potentially profitable trading opportunities for its trading bot to execute trades on.

Ethereum Code software also allows traders to create their own automated trading bot by setting the parameters of a trade and leaving the robot to execute trades as soon as these criteria are hit.

How does Ethereum Code work?

Ethereum Code partners with regulated brokers that provide margin trading in digital currencies. Operations like deposits, withdrawals, and trades are conducted through the broker’s platform. It retrieves trading signals and delivers the trade order to the broker’s platform through an API. The broker automatically executes upon the trading signal as defined by the robot. 

Ethereum Code key questions, answered!

Which brokers can I use with Ethereum Code?

The cryptocurrency bot works with several regulated brokers that engage in margin trading in crypto and other markets. The platforms hold official licenses and are liable to follow KYC and AML guidelines. Investors and Lucrum Pro may be some of the brokers associated with Ethereum Code.

What cryptocurrencies are supported on Ethereum Code?

Our analysis indicates that prominent cryptocurrencies are supported by Ethereum Code. This includes:

Can I use Ethereum Code on mobile and desktop?

Yes. Its software is available on all OS from desktop and/or laptop. You can access it through a web browser with internet connection. There is no Ethereum Code app, but you can access its services from the web browser on a smartphone.  

Can I trade assets with leverage?

Yes. Ethereum Code partners with robots that offer leveraged margin trading in digital assets. These brokers use CFDs as the means of speculating on digital assets. In other words, rather than owning the asset itself, you trade with a contract that represents its price movements.

However, we advise you to start small and not trade with high leverage. Trading with high leverage is extremely risky and can lead to big losses if the market moves against you.

Can I open long and short positions with Ethereum Code?

Yes. A user can take long as well as short positions on Ethereum Code. This allows traders to make a profit in down-trending markets as well. 

A trader takes a ‘long’ position when they expect that a particular cryptocurrency’s price will increase. A short position is when the trader bets that the cryptocurrency price will decrease.

What are the payment methods and withdrawal/deposit limits?

To use the trading software, you have to make a minimum deposit of $250 on its trading dashboard. You can enable automatic trading after you have deposited the minimum amount. The available deposit methods include bank transfer, and credit/debit cards like Visa and Mastercard, Skrill, Neteller, Webmoney, and Bitcoin.

The cryptocurrency robot does not place any limits on withdrawals. The process of withdrawals is carried through the broker’s account. You have to place a request for withdrawal from the trading dashboard. The amount gets credited directly into your bank account within 24-36 hours.

Are there any costs and fees involved?

No. As per its official platform, There are no hidden charges, and no commission while using Ethereum Code. But our research indicates that you may be liable to pay a commission of around 2% for each trade placed through the trading platform account. 

How do I get paid? What about payouts?

You can withdraw your profits directly into your bank account. A user needs to provide banking details and submit a withdrawal request. It does not pose any limits on your withdrawals, and payouts can also be processed on a daily basis. You are able to make as many withdrawal requests as you want.  

What is the registration and verification process?

is simple and can be done within 30 minutes. You have to fill a sign-up form available on its landing page. You will be asked for your basic details like name, contact number, and email address. Post verification, you can start trading or use practice with a demo account.

Also, while registration does not require ID documents, you will need to provide them along with proof of address at the time of withdrawing funds. This is because all the brokers are regulated and comply with KYC. 

What is their customer service like?

The account owners of Ethereum Code can access their 24/7 customer service through different modes, including a live chat, phone number, and email. Before registering, the trading bot does not provide any options to contact its team.

Is Ethereum Code legit?

Ethereum Code does seem to be a legitimate robot, but its claims of luxury cards and thousands of dollars in profit every day are unlikely to be true. 

You cannot profit daily by exclusively using the trading software. A video on its official website asserts that users generate $10,000 daily from $250 minimum investment, using the robot on a trading platform. But these claims have no substance. Its claims of being associated with famous personalities are also false.

We found multiple claims of endorsement by leading personalities who recommend Ethereum Code. These are not true. Below we have fact-checked the claim that three notable celebrity figures have used or promoted Ethereum Code. 

Is it true that Bear Grylls endorsed Ethereum Code?

No. Bear Grylls has never endorsed Ethereum Code or any other robot. Bear Grylls is a British television presenter and businessman who gained popularity through his show Man vs Wild. He has also contributed a fair share to charity and politics.  

Fact check: False. Looking into the rumours, there is no evidence that Bear Grylls ever endorsed Ethereum Code.

Is it true that This Morning uses the Ethereum Code website?

The reported claims of the robot being featured or used by This Morning show are false. This Morning is a British daytime television programme broadcasted in the United Kingdom. The show airs live and features news, topical items, showbiz, style and beauty, home and garden, food, health, real life and other segments.

Fact check: False. Ethereum Code has never been featured on This Morning program. 

Kate Garraway has not recommended Ethereum Code. Kate Garraway is an English broadcaster and journalist for ITV News Central. She is also a presenter of Mid Mornings on Smooth Radio.  

Fact check: False. Invezz could not find any connection between Kate Garraway and Ethereum Code robot.  

How to trade with Ethereum Code

Ethereum Code has an intuitive trading dashboard that allows you to access different features for buying cryptocurrency. Its partnerships with brokers are the key to executing trades. You can set up things like stop-loss orders and see daily profits from within Ethereum Code itself.

To use the automated trading software, a user needs to complete the registration process and make a minimum deposit or try its demo account. To access the trading services, here are the steps for opening an account:

How to open an account with Ethereum Code

  • Step 1: Registration. You need to successfully register and become a member of Ethereum Code. The process requires signing up by filling a form and verifying your email address and contact number. You will not be asked for ID documents at the time of registration.
  • Step 2: Deposit Funds. A minimum deposit of $250 needs to be made in the software to enable autotrading for the robot to derive and execute crypto trades. Please note that you will be asked to complete your KYC before starting to trade through the broker. 
  • Step 3: Trade. You can begin to trade by feeding your manual trades or enabling autotrade feature. You can also use demo trading to get acquainted with the robot and its services. 

Our top robot trading tips for beginners

Trading in cryptocurrency markets carries a certain degree of risk as the market is volatile. Sudden uptrends and downwards are common in crypto markets. With volatile market trends, it is recommended to not only rely on the robot. Even skilled traders have difficulty making continuous profits in the crypto markets. Here’s the advice from our team of experts for anyone getting into automated trading:

  1. Familiarise yourself with trading. For newcomers it is important to learn about the cryptocurrency trading space, even while using the robot. Familiarising with risk mitigation strategies will help you reduce your potential losses. 
  2. Understand cryptocurrency space. Cryptocurrency is a complicated asset, and it is important to understand the basics of what you’re trading before signing up to a robot service.
  3. Use the demo account to practice. Ethereum Code facilitates the demo trading feature. This gives you a chance to familiarise yourself with the platform without investing your money.  
  4. Try with small amounts and build up gradually. It is advisable to start investing in small amounts, take out a certain percentage of profit, and gradually build your portfolio. 
  5. Only invest what you can afford to lose. There’s no guaranteed trading strategy and there will always be some risk. Investing and risk management are key, so don’t risk your retirement fund. 

Conclusion

There is no evidence for lots of Ethereum Code’s claims. While users may have benefitted from some of its features, like backtesting, the profits scale is exaggerated.

Like many other auto trading platforms, Ethereum Code is useful for features like demo trading. In its best light, it should be considered as one option to interact with the market should be considered. No one should exclusively rely on the robot to place trades.

Is Ethereum Code legit or not?
Is it easy to open a Ethereum Code account?
Can I withdraw cryptocurrency from Ethereum Code?
Is Ethereum Code an MLM or Affiliate scam?
Does Ethereum Code really work as described?
How much does it cost to use Ethereum Code?
How do I delete my Ethereum Code account?
Who owns Ethereum Code?

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Pooja Kadia
Financial Writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.

More broker reviews