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An Honest Ethereum Code Review in 2022

Last updated 17th May 2022
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Ethereum Code is an automated trading bot that uses algorithms and trading signals to make Ethereum trades. Users can set parameters or trust the bot to make the best trades according to Ethereum’s market value. The bot partners with numerous brokers who manage your funds. We’ll cover the advantages and disadvantages, and decide whether Ethereum Code is legit. Read on for more information.

5/5 Star rating
Highly rated
Looks for cryptocurrency loopholes
Offers Phone Support

What is Ethereum Code?

Ethereum Code operates in the same way as many other trading bots. Users create an account and the bot uses algorithms to make trades on their behalf. However, unlike other trading bots, Ethereum Code only deals in the Ethereum market. Users can choose their own parameters and utilize a demo account to develop a trading strategy, then let the platform place those trades.

Ethereum Code does well to sell itself to prospective traders but fails to mention how risky Ethereum trading can be. Trading bots are very unreliable and can result in a complete loss of funds.

Ethereum Code Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:88%
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:Free
⌛ Withdrawal Timeframe:Up to 24 Hours
💱 Supported Cryptocurrencies:BAT, BNT, OMG, SNT, PAY, REP, ZRX, CVC
📊 Leverage:5000:1
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Email, phone
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes
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Pros and cons of using Ethereum Code

Pros

Simple registration procedure
Intuitive and simplified user interface
Easy to use tools and custom parameter choices
Automated processes for trading

Cons

Plenty of false promises on the website
Trading bots are very unreliable and risky
Only offers Ethereum trades - no other cryptocurrencies available

Ethereum Code markets, assets, and options

What assets and products can you trade using Ethereum Code?

Ethereum Code only offers Ethereum token trades. Some brokers may offer different tokens on the Ethereum blockchain. These include:

  • Basic Attention Token (BAT)

  • Bancor (BNT)

  • OmiseGO (OMG)

  • Status (SNT)

  • TenX (PAY)

  • Augur (REP)

  • 0x (ZRX)

  • Civic (CVC)

Users trade CFDs rather than the underlying asset itself. Some of the partnered brokers may offer different cryptocurrencies. If you would like to know more, contact the broker directly.

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What leverage trading options are there?

Ethereum Code does not have any information about leverage options on its website. However, similar trading bots will offer huge leverage options; sometimes as high as 1000x. When you trade with 1000x leverage, the broker loans a significant sum to make trades and maximize profits; if you deposit $250, you’ll be able to trade $250,000.

However, leveraged trading is a quick way to lose funds and end up in financial difficulty. Only trade with leverage through regulated brokers and never trade more than you can afford to pay back if the market does not go your way.

What are the spreads?

Ethereum Code does not offer any spread information. However, every partnered broker will have its own limits. Contact them directly to find out more. Keep in mind spreads will fluctuate as Ethereum’s price rises and falls.

Fees, limits, and payment options on Ethereum Code

How much does Ethereum Code cost?

Ethereum Code charges a minimum deposit of $250 to create an account and use the auto-trading feature. However, there are zero additional membership or subscription fees.

What are the payment methods accepted by Ethereum Code?

We could not find any information regarding payment methods on Ethereum Code’s homepage. However, you should expect to pay with a credit or debit card. Most trading bots do not expect a wide selection of payment options. In addition, withdrawals will go straight to your credit card. You may face other charges depending on your bank.

Does Ethereum Code also charge fees and commissions?

Ethereum Code has zero deposit or withdrawal fees.

They do charge a small commission on any profits. You’ll only be charged when you make money through Ethereum Code.

Ethereum Code trade sizes and limits

Ethereum Code has a minimum trade size of $250 and no maximum trade limit. These figures may change depending on your broker. Speak to them directly if you’d like to know more.

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Ethereum Code platform

How does Ethereum Code work?

Ethereum Code offers an automated trading service, using algorithms, APIs, and trading signals to make Ethereum trades. The bot attempts to earn a profit based on market fluctuations. Account-holders can select their own parameters or trust the trading bot’s algorithms to make the best decisions. Ethereum Code also has a demo trader so you can practice trading strategies without losing your money.

What devices can I use Ethereum Code on?

Ethereum Code works on numerous devices. The platform is optimized for desktops, tablets, and mobiles. Users can access Ethereum Code through any browser, including Chrome, Safari, IE, and others. Unfortunately, there is no dedicated mobile or desktop app.

Ethereum Code is available on the following devices:

  • iOS

  • Android

  • Tablets

  • Laptops

  • Computer

What exchanges and brokers does Ethereum Code partner with?

Ethereum Code partners with numerous brokers. Users can browse a selection of brokers when they create an account. Use this as an opportunity to research the broker, check their regulation status, and ensure they are a legit platform. Only ever make trades through a regulated broker as they will be more secure.

Can I use Ethereum Code in my country?

Ethereum Code is available in many countries that allow crypto and CFD trading. These locations include:

  • UK

  • Germany

  • Italy

  • Spain

Ethereum Code is unavailable in certain countries that prohibit CFD and crypto trading. These countries include:

  • China

  • USA

Is Ethereum Code available in my language?

Ethereum Code is available in several languages. You can select your preferred language from a menu on the homepage. These languages include:

  • English

  • Spanish

  • Dutch

  • German

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How easy is it to use Ethereum Code?

Like other trading bots, Ethereum Code has minimal tools to make its trading process very straightforward. The platform is mostly automated, aside from a few custom parameters. The interface is easy on the eye and simple to navigate. For the best experience, use Ethereum Code on a laptop or desktop computer.

Ethereum Code has various charts that show the price of Ethereum in real-time so you can make more accurate trading decisions before you enable auto trading. Ethereum Code also has a demo account to make sure you know what you are doing without risking your funds.

However, Ethereum Code may be easy to navigate, but this does not translate to profits. Trading bots are unreliable and dubious. If you are not careful, you can lose all your funds and end up in debt, especially if you have opted for leveraged trades. We suggest researching trading techniques and crypto markets to ensure you make educated trades with a better chance for success.

Key features

Ethereum Code has numerous key features to help users enjoy auto trading.

Easy-to-use interface

Ethereum Code makes executing trades remarkably easy with a streamlined interface and simplified trading tools. The bot functions adequately on most devices, so you can use the platform at home or on-the-go.

APIs, market analysis, trading signals, and algorithms

Ethereum Code uses algorithms and APIs to judge the market and make the best trade for account-holders. USers can also set their preferred parameters and take some control over the bot’s decisions.

Demo trader account

Ethereum Code also has a demo feature. Users can make trades, develop strategies, and explore the platform without losing any finds. If this is your first time using a trading bot, we advise using the demo account until you know how the platform works.

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Security and regulation

Is Ethereum Code legit?

Ethereum Code looks like numerous auto trading bots, which may raise some concerns. Many trading bots have the exact same layout, content, and deposit requirements. As such, you should be distrustful of Ethereum Code. The website promises huge profits and fails to adequately mention the risks, which is another warning sign.

Ethereum Code does place trades, but we could not verify whether it places the best trades for users. In addition, trading bots can never predict which way the market will go. When used alongside a developed trading strategy, Ethereum Code may produce legitimate results. However, if you simply use the auto trade function, expect to lose your money.

Is Ethereum Code safe?

Ethereum Code requires account verification when you sign up for the service. As such, most users are genuine. The website also uses SSL encryption to keep sensitive information secure.

Bitcoin Superstar has numerous security procedures in place. From robust account verification to required KYC protocols and SSL encryption, information is mostly secure.

In addition, Ethereum Code gives your information to third parties. So expect your personal details to be passed on to advertisers. If you’d like to know more about how Ethereum Code uses your data, you can view its privacy policy on the website.

Am I and my money protected?

Ethereum Code does not actually handle any money. As such, the bot cannot guarantee the protection of your funds. Deposits are held in a wallet on your broker account. If you’d like to know your broker’s security procedures, consult with them directly.

Is Ethereum Code regulated?

Ethereum Code does not confirm whether it is regulated. Some affiliate brokers could be regulated, but you’ll need to check with them directly. Users should only trade through regulated brokers.

Do I have to verify my account with Ethereum Code?

As aforementioned, all users need to verify their account on Ethereum Code. You should receive an email to confirm your address during the registration process. In addition, users need to pass a KYC procedure and provide documents proving their identity and address.

Extra information

Educational resources

Ethereum Code does not have educational resources apart from the basic Ethereum trading information on its homepage. Expect no blogs, articles, or insights on this platform. There is a minor FAQ section. If you want to learn more about crypto trading, you’ll need to use another website.

Tools and charting

Ethereum Code has CFD trading instruments. Users can also adjust parameters to match their trading strategy. Ethereum Code also incorporates APIs and algorithms to guide its automated trades. If you’d prefer more tools and instruments, choose an alternate service.

Customer support

Ethereum Code has a contact form on its website. In addition, users can contact their assigned broker via email or phone number. We could not find any information on how quickly customer support responds to messages.

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How to get started with Ethereum Code

Follow these steps to create an account on Ethereum Code.

  • Step 1 - Register for an account

Go to the Ethereum Code website and complete the registration form on the homepage. You’ll need your name, email address, and phone number.

  • Step 2 - Speak to your broker

You then select a broker from a list of available names. An advisor will contact you to complete a KYC process.

  • Step 3 - Deposit funds into your account

Users need to add $250 into their account before they can start auto trading.

  • Step 4 - Take advantage of the demo account

The Ethereum Code demo account is the best way to figure out how the site functions. Figure out different features and practice your trading strategy without trading any real money.

  • Step 5 - Start auto trading

When you feel comfortable on the demo account, enable auto trading. Trust the algorithms or set new parameters according to your trading strategy.

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Is there a Ethereum Code alternative?

Yes, there are many more crypto robots available. If you don't want to use Ethereum Code, check out some of our other reviews:

Crypto RobotMinimum DepositRead our review
Bitcoin Edge$250Read our Bitcoin Edge review
Centobot$250Read our Centobot review
Oil Profit$250Read our Oil Profit review

Final thoughts on Ethereum Code

Ethereum Code may seem like a sure-fire way to make money trading Ethereum, especially if you believe the claims on the website. The interface and automated tools work as you’d expect, but that does not translate to profits. Ethereum Code makes promises and fails to warn about trading risk. It is important to note that most users will lose money through trading bots, particularly if they do not have a trading strategy.

We recommend looking for a more trustworthy and regulated platform. Your information will be safer and you’ll have more opportunities to execute trades precisely according to your trading strategy. We suggest reading the latest Ethereum news, reading blogs, and following expert advice to develop trading techniques and make more educated trades.

Ruby Layram

Ruby Layram

Ruby is a writer for Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. Ruby has been a professional personal finance and investment writer for 2 years and is currently building her own portfolio of altcoins. She is currently studying Psychology at the University of Winchester, specialising in Statistical analysis.