Ethereum Code review 2023
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Ethereum Code review Summary
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This Ethereum Code review assesses the crypto trading platform and what you can do with it. Our trading experts have tested the robot to see if it lives up to its claims and if you should use it to trade the crypto market. Read on to discover if Ethereum Code is a legitimate crypto robot.
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.
Based on our research, Ethereum Code appears to be a genuine trading robot
We test every crypto robot extensively and only recommend software that looks legitimate. The results of our investigation suggest that Ethereum Code seems to be a genuine trading bot. To sign up for a free trial and test the software for yourself, follow the link below. Once you’ve done so, an account manager will call to explain how to create an account and set up the bot.
What is Ethereum Code?
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 strategy by setting the parameters of a trade and leaving the robot to execute trades as soon as these criteria are hit.
Ethereum Code summary
|Supported cryptocurrencies||BTC, ETH, LTC, XRP, BCH|
|Fees||Sign up: none|
|Withdrawal speed||24-48 hours|
About the Ethereum Code platform
How does Ethereum Code work?
Ethereum Code works by scanning the crypto market to identify potential trading opportunities, then placing trades on your behalf. Ethereum Code partners with regulated brokers that provide margin trading in digital currencies. Operations like deposits, withdrawals, and trades are conducted through the cryptocurrency broker’s platform.
The trading software retrieves signals and delivers the trade order to a crypto trading platform or broker through an API. The broker automatically executes upon the trading signal that it receives from the Ethereum Code software. The crypto bot can be programmed and customised to suit your requirements.
What assets and products can be traded on Ethereum Code?
Our analysis indicates that prominent cryptocurrencies are supported by Ethereum Code. This includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
How much does Ethereum Code cost to use?
According to the official trading platform, there are no fees for using the Ethereum Code robot. To use the software you will need to create an account and make a minimum deposit of $250 with one of its partner brokers.
Our research indicates that you may be liable to pay a commission of around 2% for each trade placed through the trading platform account in addition to the minimum deposit.
What are the payment methods accepted by Ethereum Code?
There are various ways you can deposit funds into your crypto trading platform to use the software. Most brokerages accept bank transfers and credit or debit cards. Some may even accept third part apps like Skrill.
Here’s a list of the confirmed payment methods accepted by the Ethereum Code software.
- Bank transfer
- Credit card
- Debit card
Is there an Ethereum Code app for both mobile and laptop computers?
Yes. The Ethereum Code trading software is available on all OS from desktops and/or laptops. You can access it through a web browser with an internet connection. There is no Ethereum Code app, but you can access its services from the web browser on a smartphone. Here is a list of devices you can use.
- Mobile phones
Ethereum Code key features
The crypto trading software has a few key features that put it apart from its competitors. Here is a quick list of the top ones.
Trade forex and other assets
You can use Ethereum Code to trade other assets including currencies and stocks. Forex trading is a popular asset class among day traders and the Ethereum Code software makes it easy to automatically trade some of the biggest pairs like GBP/USD and EUR/USD. The robot also allows you to automate your stock trading and buy and sell the likes of Apple, Amazon, and Microsoft.
One of the best features Ethereum Code has is it won’t charge you any money to withdraw your profits. Lots of trading platforms charge to take out your money, but with Ethereum Code, there are no withdrawal fees meaning you can keep all of the money the robot generates.
Trade with leverage
Leverage gives you access to bigger amounts of money than you deposit into your cryptocurrency trading platform. Ethereum Code lets you trade with leverage up to 1:1000 which means for every £1 you deposit, you can trade £1000. This is a great way to magnify your gains without depositing a lot of money into your account. However, leverage can work against you and you can quickly lose money.
Which brokers can I use with Ethereum Code?
The cryptocurrency bot works with several regulated brokers that engage in online trading in the crypto market and other assets. The trading 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 the Ethereum Code.
Can I trade assets with leverage?
Yes. Ethereum Code partners with robots that offer leveraged margin trading in digital assets. These crypto trading platforms use CFDs to speculate 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 and short positions using the Ethereum Code software. This allows traders to make a profit in down-trending markets as well.
A trader takes a ‘long’ position when expecting a particular cryptocurrency’s price to increase. A short position is when the trader bets that the cryptocurrency price will decrease.
How do I get paid? What about payouts?
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.
What is Ethereum Code’s customer service like?
The Ethereum Code account owners 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.
Safety and security
Is Ethereum Code safe to use?
The Ethereum Code trading robot does appear safe, but it is worth noting that statements and testimonials of users making overnight money in crypto markets are most certainly false.
Our research found various rumours of famous personalities being associated with the Ethereum Code. However, all these are simply marketing techniques and do not hold any truth.
Is Ethereum Code regulated?
Ethereum Code is not regulated; it’s a cryptocurrency trading bot that works by connecting to a trading brokerage platform. This means it is not required to be regulated. However, the platform works with all types of brokers, many of which are regulated in Europe under CySEC, the Cyprus Securities and Exchange Commission.
Is my money protected on Ethereum Code?
When you use Ethereum Code software, you do not deposit any money with the robot itself. Instead, you are required to use its partner brokers, who are regulated in Europe under CySEC. Many of these trading platforms offer access to compensation schemes where you will receive up to €20,000 if the worst happens.
Who owns Ethereum Code?
The official platform of Ethereum Code does not provide any details on its owners. External sources claim that the trading software is developed by a team of financial expert developers which we were able to confirm during our research.
It is usual practice for trading robot developers to keep a low profile or remain anonymous. This is especially true in the cryptocurrency space where privacy remains an key factor.
What is the registration and verification process?
The registration process is simple and only takes about 30 minutes to complete. You must first fill out a sign up form, where you supply basic details like your name, phone number, and email address. Then you must wait to be verified. 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 crypto trading platforms are regulated and comply with KYC.
How to start trading with Ethereum Code
Step 1. Create an account with Ethereum Code
You need to create an account and become a member of Ethereum Code. The process requires signing up by filling out 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. Make a minimum deposit of $250
A minimum deposit of $250 needs to be made in the software to enable auto trading 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. Set up your Ethereum Code trading system
After signing up and depositing with your broker, you need to set up the Ethereum Code robot. Here you can choose which crypto coins you want the automated software to trade, and its a good idea to choose a few to spread your risk. You can also adjust other settings like what time of day the software will trade the markets. You may also want to consider using a demo account to practice trading first.
Step 4. Adjust risk management settings
One of the most important steps in setting up the Ethereum Code software is to adjust its risk parameters. The trading software will allow you to set the amount of money you are prepared to risk per trade. If you want to gamble, set it to high, or keep it low to stay on the safe side.
Step 5. Start investing with Ethereum Code
You can begin to trade by feeding your manual trades or enabling auto trade feature. You can also use demo trading to get acquainted with the robot and its services.
Has Ethereum Code been recommended by celebrities or appeared on TV?
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.
Has Kate Garraway recommended Ethereum Code?
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.
Is there an Ethereum Code alternative?
There are lots of other Bitcoin bots out there. Many offer a similar service and are tailored to crypto trading, while others take a broader approach and let you trade stocks and forex as well. Here are some other trading platforms you might want to consider:
- Bitcoin Bank is a trading system geared towards finding trading opportunities in Bitcoin and is one of the most popular crypto bots.
- Bitcoin Code uses advanced trading bots to identify technical trading signals and sends the information direct to your broker automatically.
- Immediate Edge is another trading bot that uses machine learning to get you ahead of the competition when it comes to trading Ethereum and other cryptocurrencies.
- Ethereum Code is a cryptocurrency trading bot that operates on the Ethereum blockchain.
- Immediate Connect offers automated trading on the whole crypto market through a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
Our top robot trading tips for beginners
These top tips can help you make the most out of the trading platform when you set up an account with Ethereum Code.
- Familiarise yourself with online trading. For newcomers, it is important to learn about how online trading works before you start using Ethereum Code. Familiarising with risk mitigation strategies will help you reduce your potential losses.
- Understand cryptocurrency space. Cryptocurrency is a complicated asset, and it is important to understand the basics of what you’re trading before signing up for a robot service.
- Practice with a demo account. Ethereum Code offers a demo trading feature. This gives you a chance to familiarise yourself with the platform without investing your money.
- Start small and build gradually. It is advisable to start investing in small amounts, take out a certain percentage of profit, and gradually build your portfolio.
- Only invest what you can afford to lose. There’s no guaranteed trading software, and there will always be some risk. Investing and risk management is key, so don’t risk your retirement fund.
Our final verdict on Ethereum Code
Ethereum Code offers plenty of useful features that make it a great addition to your trading process. You can start trading by setting up your own strategy very easily and it offers the ability to backtest against historic market data.
Like many other auto trading platforms, the Ethereum Code software is also useful for features like its demo trading service. In its best light, it should be considered as one part of your overall trading strategy. While it’s best not to use trading bots like Ethereum Code exclusively, it can provide lots of benefits when used right.
Methodology: how we scored this Ethereum Code review
Every cryptocurrency trading platform that we review follows the same process. We perform basic actions to test the service, including registering for the software, making an initial deposit, and setting up the robot.
In our Ethereum Code review, we carried out in-depth online research and used Ethereum Code reviews from other users. We also tested the website’s customer support function and made some adjustments to the platform’s settings.
Following our research and analysis, we used the information gathered to provide our final verdict. Our review is independent and unbiased; no platform or software can influence our rating. However, we may earn a commission if you sign up using any of the links on this page. Our how we make money page has more information.
The Ethereum Code trading robot does help in placing automated trades in cryptocurrency markets, but it is worth noting that statements and testimonials of users making overnight money in crypto markets are most certainly false. The cryptocurrency bot does use statistical algorithms to derive trading strategies, but it cannot help you profit thousands of dollars every day.
While users have benefitted with manual trading and backtesting, you must also understand crypto markets as well as trading, even though its official platform claims otherwise. From our research, we found that there are various rumours of famous personalities being associated with Ethereum Code. However, all these are simply marketing techniques and do not hold any truth.
Yes. It is easy to get registered and open an account for trading on Ethereum Code. The process requires you to sign up with your basic details and verify your email address. Please note that services of Ethereum Code are not currently available in all jurisdictions.
No. The associated brokers of Ethereum Code offer margin trading in CFD instruments. With CFDs, you do not hold the actual asset, rather you hold a contract that tracks price movements of the underlying asset. All withdrawals are carried in fiat currencies directly into your banking account.
Ethereum Code does facilitate trading in crypto, but it uses unverified claims to endorse its product. Although indicated in its video, you cannot make $10,000 in 24 hours every day using Ethereum Code. Also, the platform does not provide substantial details on the team behind creation of its software.
With respect to automating crypto trades, yes, but you cannot become a millionaire from $250 investment using Ethereum Code. The robot partners with licensed broker service providers to execute trades through an API. The process of placing trades becomes automated and does not require manual intervention.
According to its official website, Ethereum Code offers free services to its registered members. But this information seems to be vague. It is highly likely that you will pay a commission charge of around 2% for using the broker’s website for placing and executing trades.
In order to delete your Ethereum Code account, you need to submit a request to broker’s and robot’s platform. Ensure that you have withdrawn your funds/ capital to your bank account. Once the funds are withdrawn, submit a request to permanently delete your account from Ethereum Code and assigned broker’s platform.
Official platform of Ethereum Code does not provide any details on the team or founder/s behind the robot. External sources claim that the robot is developed by a team of financial experts and traders. But Invezz could not find any names or verification for such claims. As of now, the identity of the founder/s behind Ethereum Code remains unknown.
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.
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