Review of Ethereum Code

Ethereum Code is an automated trading robot that helps you trade cryptocurrencies. Our expert review of Ethereum Code investigates whether the bot is legit or a scam and if it is trustworthy.
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 17, 2022
4/5 Star rating
20 min read
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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 bot. 

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?

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

FeatureEthereum Code
Supported CryptocurrenciesBTC, ETH, LTC, XRP, BCH
FeesSign up: none
Trading: 2%
Success Rate88%
Minimum deposit $250
Mobile appno
Withdrawal speed24-48 hours
Demo accountYes
Leverage1:1000
Customer supportYes
Verification required Yes
See more Ethereum Code features

About the Ethereum Code platform

How does Ethereum Code work?

Ethereum Code works by partnering 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.

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
  • Skrill
  • Neteller
  • Webmoney
  • Bitcoin

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
  • Tablets
  • Laptops
  • Desktops

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. 

Free Withdrawals

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. However, Invezz could not find any names or verification for such claims. As of now, the identity of the founders behind the Ethereum Code remains unknown. 

What is the registration and verification process?

It is simple and can be done within 30 minutes. You have to fill out 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 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.

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.  

Is there an Ethereum Code alternative?

Ethereum Code is just one of many Ethereum trading robots on the market. If you’re not convinced by Ethereum Code, then why not check out some alternatives below? 

  • BitIQ lets you automatically trade the whole of the crypto market. Its software is highly customisable to suit all the major coins and alts too. 
  • Bitcoin Prime is a top-rated cryptocurrency trading robot and uses algorithmic software to find trading opportunities in the Bitcoin market. 
  • Oil Profit takes a different approach to the two above and focuses on the commodities market.
  • Bit Index AI uses machine learning and artificial intelligence as part of its trading services. Unlike many trading bots, you can use its algorithms to trade stocks and forex as well.
  • Immediate Edge is another of our top rated crypto trading bots that uses a unique algorithm to identify trades. It can help you get ahead when you start trading crypto.

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.

  1. 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.
  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 for a robot service.
  3. 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.  
  4. 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. 
  5. 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. 

FAQs

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?

Sources & references
Risk disclaimer

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.

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