- Fast Trade Execution
- Professional Trading Platform
|Support Types||Email , Phone , Chat|
|Languages||7 Different Languages|
|Trading Platform||MT4 | WebMetaTrader | TradeWorks | EuroTrader | Mobile|
|Minimum 1st Deposit||$250|
|Minimum Account Size||£100|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||£1000|
|Free Demo Account||Open Demo|
|Deposit Methods||Various including PayPal|
|Types of Assets||All major Cryptocurrencies|
|Trading Currency||EUR \ GBP , USD , Other|
|Account Currency||EUR \ GBP , USD , Other|
|US Traders Allowed|
- Ideal for Beginners
- Pre-built Trading Strategies
- Adjustable Settings
- Trade 27/4 on Autopilot
- No Mobile App
- Black Box Algorithms
Ethereum Code Bot Review
Ethereum is one of the largest and most popular cryptocurrencies, currently taking third place by capitalization after Bitcoin and Ripple. At the end of 2017, we have seen a tremendous surge in price for all the cryptocurrencies but since then many altcoins lost most of its value. However, the crypto market was established and there are a number of investors have entered into this space. The benefit of the cryptocurrencies is that they are uncorrelated to most of the other asset classes like equities, fixed income and even commodities. Also, most investors see them as a potential safe haven when the traditional markets decline. On the other side, the potential downside of the cryptocurrencies is the extreme volatility of most of the altcoins. Whether Ethereum will restore to the price levels it had at the end of 2017 and increase in value is still under question, but market volatility always presents an opportunity for active traders who want to make money on the price swings. In the traditional Forex and CFD markets many investors use algorithms and automated trading software, and now the same solutions are available for the cryptocurrency investors as well. Ethereum Code Bot is an automated trading system designed to trade cryptocurrencies on the autopilot using trading signals generated by the algorithms.
Is the Ethereum Code Bot Scam or not
While preparing this Ethereum Code Bot review, we came across a number of articles on the internet claiming that the Ethereum Code is a scam and total waste of time. We did our own investigation, and have to say that we did not find any proof for many such claims. Yes, the crypto market is rapidly developing and many new players enter the market. It is an unregulated area and many software providers, as well as CFD brokers, start offering their numerous solutions, which still require improvements. Cryptocurrencies are high-risk investments and investors can lose money. At the same time, it also presents good opportunities for those who know what they are doing and understand the risks. Many of such negative reviews claim that it is not possible to verify the owners of the Ethereum Code Bot, but if you open an account and try to deposit fund, it will take you to the website of the EuropeFX CFD broker, which is based in Cyprus and owned by Maxiflex Limited, registered as a Cyprus Investment Firm (CIF) with the registration number HE327484 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 258/14. That tells us that Ethereum Code Bot is affiliated with EuropeFX but they are not actively advertising it and want to keep this separate.
Opening an Account with Ethereum Code Bot
It is very easy to open an account with Ethereum Code Bot and all you have to do is provide your name and email address. The account is free to open and you can use a Demo Account to start with and see examples of the trades and signals. When you open an account with Ethereum Code, you also automatically open an account with EuropeFX. In order to deposit funds with the Ethereum Code Bot, you need to complete the full Know Your Client (KYC) process with EuropeFX in order to comply with all regulations. EuropeFX has support in 7 different languages and is a regulated CFD broker (you can read comprehensive reviews on other CFD Brokers here). That should give you an extra piece of mind using the Ethereum Code Bot.
How to Start Trading with Ethereum Code Bot
Once your account is opened, verified and funds are deposited you can start using Ethereum Code Bot and set your trading on autopilot. You can set your own trading settings to make sure that you have full control over your investments. You can choose which currency pairs you want to trade, set trade amount, minimum payout, maximum concurrent trades, daily stop loss, daily profits and maximum daily trades. All these settings are fully customizable and can suit both novice traders and experienced cryptocurrency investors. After your settings have been saved, all you have to do is to push an Auto-Trade Button and start trading your cryptocurrency pairs.
Once you open an account and deposit money, Ethereum Code bot will start generating trading signals and you will start trading. This is how the Open Trades window looks like.
And here is how the Trading History looks like. As you can see, some of the trades are making money while others are looking. But overall we have more winning trades.
Watch Ethereum Code Bot platform walk-through
- Fast Trade Execution
- Professional Trading Platform
Ethereum Code Bot Review – Conclusion
After completing this review we came to the conclusion that Ethereum Code Bot is definitely not a scam and is legitimate software. Many negative reviews are short on content, have no ground and reviewers just did not bother to do their homework. Ethereum Code Bot is affiliated with regulated CFD broker in Cyprus and in order to start trading one has to complete full verification and onboarding process to comply with the regulation. We understand that Ethereum Code Bot software is not perfect and once the system had minor glitches which were fixed soon and did not impact the trading. So we don’t have concerns about the legitimacy of the Ethereum Code but what we think needs verification are their trading algorithms and signals. The experience we had so far was positive, but we think that investors need to check it for themselves and start trading with small amounts first to make sure they are comfortable with autopilot trading of the Ethereum Code Bot.Visit Broker