Highlights
Pros&Cons
Pros
- Ease of use
- Demo account for trading
Cons
- One of the websites looks just like two of the Crypto Superstar scam
- False information about the app
- Lack of features
- No address or contact information
- Many red flags pointing to the fact it's a scam
Key takeways
- No serious business on the crypto market would offer a product for free, except on a trial basis, while this bot promises everything at once.
- They hope to attract unsuspecting users who hope to increase their profits without paying any fees for the service.
- This bot is part of a well-organized group ready to catch people's money with several fake domains and promises.
- It is almost impossible to make profitable transactions, as Ethereum Code does not contain an actual crypto trading algorithm and only disguises itself as one of the legitimate automatic trading platforms.
Overview
Table of Contents
How to use Ethereum Code – Full Review: What Is Ethereum Code and Is It Worth Your Time?
In the ever-growing crypto industry, there are numerous tools and programs to help predict favorable outcomes. Most commonly they are known as free crypto trading bots.
Without the assistance of an automated trading robot, crypto traders would need to dedicate plenty more time to research most of the trades they make, which is why these bots are often rather useful. Of course, having actual trading skills is still required in order to make a profit with automated trading software.
Crypto bots can help you by monitoring certain pre-set parameters, according to your trading strategy. Once they reach the desired values, these automated trading robots can execute the trade automatically, without the oversight of a human trader.
They are a handy ally to have in the unpredictable and volatile crypto market. That is, if the service in question is a trusted crypto trading platform, which offers considered investment advice and automated trading. Such, reliable crypto trading platforms do exist, but it can be tricky to find them amidst so many fraudulent auto trading robots.
One crypto trading bot is Ethereum Code. Or so the website for Ethereum Code claims. In this detailed Ethereum Code review, we will examine their claims and offer. We will also execute external research to see if it is worth your time and dime.
Is the Ethereum Code trading platform nothing more than a nasty scam made to rid unsuspecting victims of their initial capital investment? Or does Ethereum Code work? The answers lie below.
Ethereum Code – All Looks and No Substance
When googling the Ethereum Code trading software, we encountered the first red flag. Right from the start, we found it suspicious to have multiple websites, as shown in these photos.
The layout may be slightly different on each of the websites and the logos are not the same, but the domains are similar enough. We will get into the design peculiarities later.
The websites seem professionally designed, so they can easily fool an innocent eye. But let’s dig deeper into the text.
They promise a demo trading account, that lets you trade in a simulated environment. In theory, with this kind of account, you can practice cryptocurrency trading and get better at it over a period of time, all while not being in danger of losing any actual money. You can get used to the service’s interface and formulate different trading strategies that will set you on the path to success. How much does Ethereum Code cost? They offer the best strategies, brokers, and technologies for free! And free personal account manager as well. Sounds too good to be true?
That’s because it is. No serious crypto market business would offer a product for free, except on a trial basis. And these people want us to believe they’d let you create an Ethereum Code account and just use without first paying for it. They’re hoping to attract unsuspecting users who are hoping to be able to increase their profits, while not having to pay any fees for the service. In truth, if they just hand their product around, they will never make a profit.
Yet this company somehow manages to do both apparently. Maybe they’ve made a fortune from cryptocurrency trading and are now being generous? That would be nice, but, no, it seems these developers are too immoral for acts of generosity.
Also, they have won an award or two for the Ethereum Code trading software, or so they claim. One such occurrence would definitely pique the public’s interest. Yet nowhere on the internet is it possible to find an article about this. Not even a mention of this crypto trading software winning anything whatsoever.
Furthermore, they state to have implemented the latest security protocols when designing the Ethereum Code software, so that users can be protected when conducting online trading. Except they don’t bother to inform their customers which security protocols exactly are used on their crypto trading platform. They’re expecting us to just take their word for it.
However, to be fair, they do at one point state to use VPS functionality. VPS stands for Virtual Private Server. It is basically like a computer away from a computer, offering security in case of unforeseen events, like power outages.
This makes for compelling descriptions on the websites. The acronym VPS sounds fancy enough. Alas, it lacks any substance or meaningful information about this auto trading platform.
Ethereum Code Déjà Vu
While researching Ethereum Code’s credibility, we have had a distinct sensation we have already seen this. This crypto trading platform somehow seemed rather familiar.
And to no surprise, one of their websites looks just like Crypto Superstar’s other two. The background image is exactly the same, even the fake news clip is the same. The Ethereum Code team is not only fraudulent but not thinking clearly as well, if they believe they’ll fool people so easily.
But the Déjà Vu Doesn’t Stop There
To prove that these scams are a gift that keeps on giving, we have located yet another website. And this one is also exactly the same in design as other similar scamming websites. Here are the examples.
Yuan Pay Group:
This just goes to prove that these scammers are all connected. They form a well-organized group, ready to go after people’s money with multiple fake domains and promises. Once they’ve set up their websites, they can just use them for all of their future schemes, while sitting back and hoping that no one will notice. It just shows how elaborate these schemes are, praying on innocent people.
No Ethereum Code Mobile App
While one of the websites explicitly states that there is a mobile Ethereum Code app for smartphones, in truth, the Ethereum Code features no such thing. We have extensively checked Google Play Store and couldn’t find any such app to download. This is another lie that the Ethereum Code developers have served us.
Since they haven’t even put the effort into creating an app, it is highly unlikely anyone will ever see any profits from this scamming trading bot algorithm. It further proves that they want to take as much money as they can from this so-called trading robot before eventually disappearing, without even bothering to create a fraudulent Ethereum Code app.
Strange Lack of Features
When it comes to the features provided to crypto investors, the Ethereum Code system offers a suspicious lack of them, especially when compared to other automated trading systems. In fact, there’s only the live trading account and the demo trading option.
Analyzing the accurate trading signals, historical market data and new market trends will make you desire more advanced options, which are severely lacking with this auto trading bot. When it comes to actual trading, its automated trading mechanism only supports live trading, which is far too little. Other trading robots have gotten us used to features such as leveraged auto trading and the reverse trading feature.
Even if Ethereum Code’s only auto trading feature was using the greatest trading algorithms in the world (which it isn’t, of course), the lack of features would still be a huge drawback.
No Address or Contact Details
Most reputable companies have their contact information prominently displayed on their website. Especially one that requires a lot of communication with customers, as in the trading industry. You’re dealing with an automated trading robot, that people will likely need assistance with, after all. Being able to contact the developers, preferably in an easy and convenient way, is important.
However, aside from the Contact Us form on the websites, Ethereum Code offers no other means of contact. There are no numbers or emails on their website. This is very suspicious; if the company was legitimate, why wouldn’t they want us to contact them in a more direct manner?
But more importantly, there is no physical address of the Ethereum Code trading system’s developers. A vast majority of companies will have their physical address listed somewhere on the website to instill confidence in their customers. And confidence is especially needed when we’re talking about trading robots, as people want to be assured that they and their money is in safe hands.
Here are several scam crypto bots, which also have no address:
They all belong to one well-known scam network we have been warning about.
Since this company has no address on any of the websites, we have searched and found one on their highly-scored Trustpilot page. (There are others, with really low scores.)
We noticed an address registered in the UK, so we checked the government database. Of all the companies registered to that address, only one deals with cryptocurrencies.
And that one has been dissolved. This means that the company is in the process of being struck out of the record and doesn’t have valid licenses to continue trading. Needless to say, this is solid proof of what’s going on.
Fake Trustpilot Reviews
More often than not, sites like Trustpilot can be helpful in determining if a company or service is to be trusted or not. Trustpilot was helpful to us many times while we were investigating the legitimacy of various trading robots. However, when dealing with scammers, such as the Ethereum Code trading system designers, proceed with caution.
First of all, check all the negative reviews for the automated crypto trading platforms separately, as well as positive ones. If a company has all 5-star reviews, it can be something fishy. Even if it is an absolutely top-of-the-line product, there are usually at least few people to leave negative reviews.
The scammers have learned that people rely on people for recommendations. So they have created a network of bots ready to post fake glowing reviews.
Similar Trustpilot reviews have several scam crypto bots we have written about:
- Profit Revolution crypto bot
- Profit Secret trading bot
- The Crypto Genius robot
- The News Spy bot review
These fake reviews can be spotted by checking a few things. First of all, if the person has only one review, it can be a bot. If there are plenty, it is without a doubt well-oiled bot machinery at play.
Secondly, check for any details one might learn only by using a particular service. If it all praises and no additional information, then tread carefully. Authentic reviews are nuanced, they praise the product in question, but they often have at least something negative to say about it.
If it is all of the above, with only one negative review about a scam, run in the opposite direction.
As demonstrated here, the persons posting have other reviews posted prior to this one. They then describe a pretty common occurrence in these situations: calls from various numbers, offshore, unregulated brokers, etc.
Even one comment like this is enough for anybody to suspect foul play, even before creating an Ethereum Code account. As we’re aware of the very high number of fraudulent bots out there, we know there’s no need to risk it with Ethereum Code. Especially as it’s almost certainly a scam, judging by all the red flags.
Misleading Ease of Use
As you can see in the chart above, we’ve rated Ethereum Code’s ease of use and user interface aspects with a 100% approval rate. This bot is, indeed, easy to use, but that’s the only thing about it that’s positive. It just makes the scammers appear even slimier, as they took great care to make their “product” approachable so that it’s easier to con the users.
Think about it, if the bot presents a smooth user experience, people are bound to keep using it for an extended period of time. That is until they realize that all of their investments went down the drain. This is a cunning tactic, ultimately used to deceive people.
FAQs on Ethereum Code
Ethereum Code is a group of scammers pretending to offer a crypto trading bot software to con people. They promise a lucrative passive profit, sound investment advice, and expert analysis of trading signals and crypto market data, even for users with no trading skills. But, in this case, there is nothing to see here except for an immoral group of criminals who’d like to get away with your money as soon as you start trading while pretending to be offering an actual automated trading system. Using Ethereum Code certainly won’t make you a successful trader, of that you can be sure.
You can’t earn anything, as Ethereum Code features no actual crypto trading algorithm. Actually, it’s highly likely that you will lose money in the cryptocurrency market if you invest with the Ethereum Code scam, regardless of the trading strategy you’ve prepared initially. Making profitable trades is practically impossible, as Ethereum Code is only masquerading as one of the legitimate auto trading platforms. You’ll have to say goodbye to your minimum deposit if you’re unfortunate enough to end up using this auto trading robot.
There are many of them. We’ve encountered plenty of lies that the Ethereum Code trading bot developers are relying on in order to fool people. From the lack of contact details and mobile app, to obviously fabricated reviews and multiple websites, of which one is identical to other products’ websites, everything here is very fishy. It’s best to choose one of the other auto trading platforms.
Ethereum Code is definitely a scam. The website design is very persuasive, but when reading about their offer, it is obvious they are liars. They want you to make a trading account, but then they’ll take off with your money. The other reviews only further prove this. The only thing this automated trading system will do is automatically steal your money if you get involved with it.
You most definitely should not! Ethereum Code is an elaborate scheme meant to deceive you to give up your money. It may initially resemble other, more trustworthy trading systems, but it soon becomes obvious what we’re dealing with.
It most definitely isn’t. It is designed to con its users out of their money. As soon as it is charged to a credit card, it goes out of the country to the offshore brokers. After that, it is impossible to get it back. Therefore, don’t let that happen.
Our Verdict: Ethereum Code is a Scam!
Multiple websites, similar designs, no address, and all the same tricks. As demonstrated in this extensive Ethereum Code review, this is a well-tested matrix by which these scams operate. We’ve seen it enough times now to conclude that the scammers are lazy as well, as they keep trying to fraud us in the same way.
They get people’s data, and incessantly phone to get their hands on the money. They hope that by the time a person realizes they have been defrauded, their money will be long gone. This is why it is always best to pay licensed brokers and companies for their services when using auto trading robots.
All in all, Ethereum Code is certainly a scam. It’s best to steer clear of it, otherwise, you’re bound to lose your money and nerves while trying to make a profit. Unfortunately, this robot is just another in the long line of fraudulent offerings, that you need to avoid.
Reviews
The platform is not secure, and my personal information was stolen within a week of signing up. The customer service is terrible, and they never responded to my requests for help. Ethereum Code is a disaster waiting to happen.
I’ve been a fan of Ether ever since Vitalik first launched it back in 2015. It’s a great alternative to Bitcoin, so I thought it would be interesting to give this bot a chance. While it was indeed interesting to see how low some people would drop to steal people’s money, the experience was not pleasant at all. It doesn’t work for trading and withdrawals are frozen. Unfortunately, just a scam.
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