Ethereum Code Review 2023 - Is it Legit or a Scam?

Ethereum Code
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Ethereum Code is a crypto trading bot that automatically trades on behalf of its users by analysing the crypto market to predict price movements for profitable trades. Once set up, the bot executes trades without human intervention.

It promises high returns, low fees, and an easy user interface for all traders. But are these claims true?

Our Ethereum Code review dives into the trading robot, how to use it, its pros and cons, factors to consider before using it, and whether or not it is worth your time.

Our Investigation Result: Ethereum Code is Legit!

Having undertaken a rigorous review into the trading platform, we can assume that Ethereum Code is a legitimate crypto trading platform. All claims made by the platform appear to be reliable.

If you are interested in signing up for a free account with Ethereum Code, then use the link below to get started, and an account manager will walk you through the account setup.

Ethereum Code Summary

Minimum Deposit

$250 or €250

Fees and Commission


Claimed Success Rate


Supported Cryptocurrencies

5+ cryptos

Deposit and Withdrawal Fees


Trading Platform


Demo Account



Yes. KYC



Table of Contents

What Is Ethereum Code?

The Ethereum Code trading platform is a trading bot that makes trading easy and convenient by automating the analyses and execution process using artificially intelligent algorithms that assimilate market data in real-time to spot profitable trades.

The bot studies price patterns, predicts market movement, and selects optimal entry and exit points. Traders can then choose to automatically execute trades or implement other strategies.

Who Created Ethereum Code?

Ethereum Code is reportedly created by a team of professionals that includes a former Wall Street trader, developers, and finance experts with several years of experience. However, these are mostly hearsay as their exact identities remain unknown.

It is common to see entire crypto projects, companies, and platforms with anonymous founders gain a large following and build trust. For this reason, we did not discount Ethereum Code as a fraud until we tested the platform ourselves.

How Does Ethereum Code Work?

Ethereum Code uses artificial intelligence to study price data in real-time, identify strong patterns, and predict future price movements based on established trends. When it locks on to a certain pattern, it will execute winning trades when said pattern repeats itself.

The Ethereum Code bot can process live market data so it can gauge market structure and adapt to changing conditions while using historical data to predict cycles and the market's current position in long-term trends.

When the bot is ready to execute trades, it uses financial derivatives called Contracts for Difference (CFDs) that mimic the price action of underlying securities, like cryptos.

These contracts’ prices move like the cryptos they represent and are used by traders to profit from market volatility. Traders can either long or short these contracts depending on the direction they believe the market will move.

If they open a long trade and the price of the CFD trends upward, they get the difference between the opening price and closing price as a profit. The same applies to shorts.

However, if they open a long position but the price of the contract falls below the price it opened, the trader suffers a loss equal to the difference between the opening and closing price. We explore CFDs with monetary examples in a later section of this review.

According to the official Ethereum Code website, it connects to a third-party broker and relays trade instructions via their trading terminal. In essence, the bot tells the broker what to buy, when, and how much, while the broker executes those trades.

Ethereum Code Pros & Cons


  • Quick and easy verification process
  • User-friendly interface
  • Zero-fee structure
  • Demo account is available for practice
  • Customer service available 24/5 via email and phone
  • Withdrawals are easy and quick, typically within 24 hours


  • No app
  • Minimum deposit of $250 might be a barrier for some individuals

Ethereum Code Key Features

Customer support

Ethereum Code has a customer service team on standby 24/5 to help with any issues that may arise or to help users set up their accounts. You can reach them through a phone call or email for serious issues. Email responses are usually prompt, usually within 24 hours during the weekdays.

Demo Mode

A demo mode is an account that allows you to trade without risking capital. It uses fake money, but real market data, so you can see the effects of your trading decisions and your strategy's efficacy before entering the live market.

The demo mode is effective for users who wish to test the bot before committing funds. Seasoned users can also use it to analyse and refine their trading strategy before deploying them with real cash.

Multiple Cryptos Supported

Ethereum Code supports 8 major cryptocurrencies, including Ethereum (ETH), Shiba Inu (SHIB), Basic Attention Token (BAT), and 0X (ZRX). However, the CFDs that the bot trades enable it to offer several crypto pairs.

These pairs usually combine one of the supported cryptos and a fiat currency (of which Ethereum Code supports three). Usually, you’ll see pairs like ETHUSD, BATGBP, SHIBEUR, etc. These combinations allow Ethereum Code to offer over 50 different pairs.

High Trade Success Rate

Ethereum Code’s algorithm reportedly has a trade success rate of 88%. This means that 8.8 out of every 10 trades are successful. While this is listed as a major feature, we believe you should not take it at face value.

Usually, these numbers are an upper boundary of the algorithm’s performance, and the average performance may be below this number. The main consideration is that the algorithm is accurate enough to consistently generate profits, which is true in Ethereum Code’s case.

Easy and Quick Withdrawals

Ethereum Code's trading platform allows you to withdraw your funds anytime you want. It does not impose withdrawal limits or restrictions on your funds. You get your payment within 24 hours of filling out a withdrawal form.

However, your payment provider may impose limits on various channels like credit cards and bank accounts.

How We Rated Ethereum Code Across Several Categories of Performance

Before signing up for an Ethereum Code account, ensure its policies and processes are favourable. We analysed metrics that give a realistic representation of how Ethereum Code's processes perform in action. We also assigned a score out of five for each category.

Costs and Fees: 5/5

Traditional Bitcoin trading services and platforms come with costs like commissions, withdrawal fees, funds storage charges and other expenses. Ethereum Code, on the other hand, is completely free to use. 

When we tried trading, we found that deposits and withdrawals were free on the platform. We did not pay any trading commissions, although there were spreads. Ultimately, operating our account was free of charge.

Deposit and Withdrawal Limits and Methods: 4/5

To begin using Ethereum Code, you’ll need to deposit a minimum of $250 using credit and debit cards from VISA, Mastercard, Discovery, and American Express, as well as bank transfers.

We tried depositing using both credit cards and a bank transfer and were able to quite seamlessly, however, while the platform allows withdrawals of any amount, our card and bank providers imposed limits. It’s best to be aware of your bank account or credit card limits before withdrawing.

Verification System: 4/5

All new accounts must go through KYC verification. You’ll need a government-issued ID like a driver’s licence and a proof-of-address document like a utility bill or bank statement to verify your account after registration.

Opening a new account was quick and easy for us. The entire process of registration and verification took roughly 30 minutes because we had our documents ready.

User Testimonials: 4/5

Independent third-party reviews are a reliable way to gauge service delivery. Ethereum Code has hundreds of positive user testimonials across different platforms that endorse it as a reliable trading robot. This shows that individuals have used the trading bot to consistently generate profits.

Customer Service: 5/5

Customer support on Ethereum Code is available 24/5 via email and phone. Agents are on standby to help set up your account and fix any issues you may face.

We reached out to the team and were attended to by a person over the phone, although we were first greeted by a robot prompt. You’ll need to opt for a human representative by following the prompts and selecting the right options.

Affiliated Brokers: 4/5

When registering for an Ethereum Code account, you can choose from a list of affiliated brokers. These brokers are established with a long-standing reputation in the cryptocurrency market.

The brokers we saw were adequate, however, some brokers we wished for in certain regions were unavailable as the list provided is limited to brokers that Ethereum Code has a partnership with, not all the brokers in operation for any specific region.

How Does Ethereum Code Compare?

Some alternatives to the Ethereum Code trading platform include:

  • Bit Index AI: This crypto trading bot supports deposits in multiple fiat currencies and trades all sorts of cryptocurrencies if you are looking to explore options beyond Bitcoin.

  • Qumas AI: This bot promises high returns within a short period.

  • Immediate Edge: This is one of the more popular options. It has a wide global reach, offering services to users in 150 countries.

  • Bitcoin Code: Similar to Ethereum Code which only trades Ethereum and ERC-20 tokens, Bitcoin Code only trades Bitcoin CFDs.

Research crypto trading bots before committing to any of the platforms.

Is Ethereum Code Legitimate?

To measure legitimacy, we consider a bot’s customer service and online reviews, usually gotten from high-quality websites.

Scam enterprises do not usually expend capital and manpower to run efficient customer service teams. Ethereum Code’s customer service team works round the clock during the weekdays to provide solutions to user problems.

User reviews on third-party sites were largely positive. We usually keep an eye out for perfect records and vague wording as they are signs of doctored or fake reviews. However, reviews were specific, and we found some complaints, but nothing too serious.

Is Ethereum Code Safe?

Ethereum Code is safe enough for day-to-day operations without service disruptions. The platform employs top-notch security via SSL encryption to protect against network attacks. 

The crypto trading platform also uses KYC practices to ensure nefarious actors do not gain legitimate access using false identities.

6 Reasons to Use Ethereum Code for Trading

Here are some reasons to use Ethereum Code for trading:

Trade faster

Top trading bots grant speed that is impossible for humans to achieve. They can execute, close, and manage trades in the blink of an eye, and can manage tens, if not hundreds, of simultaneous positions. 

Ethereum Code possesses the abilities listed above. It sets and executes orders quickly, spots trends and patterns in real-time, and can react to flash crashes immediately.

Trade without emotion

Ethereum Code works with data, strategy, and computational power. It follows trade orders verbatim and will execute a set strategy as laid out. This statistical approach proves effective as the bot can view market data as a series of variables with defined relationships, within the Ethereum platform. 

These relationships can be uncovered and used to predict future movements with decent accuracy.

Trade 24/7

Ethereum Code runs as long as you want it to. And since the crypto market is always open, that could be all the time. This gives the bot the ability to find several profit opportunities as it can constantly search for setups that conform to predefined patterns.

Manage risk

Ethereum Code allows you to implement strict risk management policies that allow you to apply overarching parameters across all positions. You can set a template that the bot uses for every trade, so you control how much you risk whenever the bot trades, even when you’re asleep.

Full Customisation

Ethereum Code suite of features has something for everyone. Traders at various levels can use the tools available to chart and develop strategies. Advanced users can change the bot’s setting to perform specific tasks that may not have been programmed in the automated mode, while newbies can add more indicators to their strategy for higher accuracy.


Ethereum Code uses industry-standard SSL encryption to safeguard user data. It also stores client funds with third-party brokers so that funds are safe even in the case of a breach. There have not been any documented cases of a breach.

Best Way to Trade With Ethereum Code

The best way to trade with Ethereum Code depends on a trader’s skills. Newbies can start with a demo account. Demo accounts allow you to familiarise yourself with the platform’s UI in a risk-free environment and test your investment and trading strategies without risking real money.

Once you understand trade execution and can formulate and test strategies, move on to a live account with the automated mode. The automated mode executes trades on your behalf using parameters set by you.

Tweak your parameters were necessary to achieve the best results. You may add more sophisticated indicators to your strategy as you gain experience in the market.

Has Ethereum Code Ever Appeared On TV?

Due to the immense popularity and sudden fame of the Ethereum Code platform, the trading bot became subject to a number of internet rumours. We fact-checked them to find out whether there is any truth to them or not. This is what we found.

Dragons Den

With guests like Debora Meaden, James Caan, and Peter Jones, Dragons Den is a popular venture investment show across the globe. While the show has hosted many innovators and technology startup founders, Ethereum Code was never featured on the show.

Shark Tank

Similar claims were made online that the algorithm was pitched on Shark Tank, a US version of Dragons’ Den. We didn't find any episode that features the algorithm.

Has Ethereum Code Ever Been Endorsed by a Celebrity?

Rumours floated on the internet that the trading bot is endorsed by major technology leaders and celebrities. Once again, we got to work to find out whether these claims hold any truth.

Elon Musk

The founder of forward-thinking startups like Tesla and SpaceX was said to be backing Ethereum Code. Once again, our assessment reveals that while he is a big fan of decentralised projects, Elon Musk did not officially endorse Ethereum Code.

Mark Cuban

The highly regarded investor on Shark Tank, Mark Cuban, was also rumoured to have invested in Ethereum Code. However, our thorough assessment of the show and Mark Cuban’s social media profiles shows no evidence that he backed or endorsed the trading bot.

Bill Gates

The popular tech billionaire is known to disapprove of crypto. He has not supported any crypto project in the past, including Ethereum Code.

Tips for Using Ethereum Code Safely and Managing Risk

To manage your risk effectively, consider the following tips.

Start Small

Start with the minimum deposit of $250 and work your way up. Trading is risky, and you must ensure that the bot generates consistent profit before bringing in more capital. Also, trade using small sizes at first, you don’t have to take $250 positions, especially with leverage. Start with $20 trade sizes.

Save Profits

Always take out profits after a profitable trade. The market can swing wildly, eroding profits on open trades and even eating into your capital in times of high volatility. Guard against this by making a habit of saving a certain percentage of your profits. You can set aside 50% of your profit to ensure you don't lose all of your money if the next trade isn't favourable.

Follow Expert Advice

Serious traders are aware of what the top analysts in the market are saying. If you want to become serious about trading, you need to keep up with news and developments in the space. One good way of doing so is to subscribe to major crypto newsletters, crypto news sites, and finance reports to read what credible and trustworthy analysts predict.

However, do not blindly follow along because they could be wrong. Ensure you also do your own analysis and poke theirs for flaws.

Keep a Record of Your Trades

Recording your trades helps do two things. The first is to note down your decision-making process so you can reflect on and refine it. And the second is to have a record that helps you calculate your tax and serve as evidence that you are keeping the tax laws. 

Some tax authorities require details of crypto transactions to ensure their citizens pay the proper taxes.

Learn About Cryptocurrency

Take the time to learn more about the crypto market. Macroeconomic narratives have a significant effect on crypto prices. Learning more about cryptocurrency puts you in a better position to make better decisions. You can incorporate your knowledge into your crypto strategy to increase your profit.

Trading Strategies and Algorithms

Automated Trading

Ethereum Code’s automated mode trades around the clock, allowing users to take advantage of the never-closing crypto market. You can deploy strategies that run when you are asleep or at work with minimal supervision, provided you set your parameters properly.

News and Trend

Ethereum Code also trades news events. The bot can identify significant price movements as they are starting and execute trades to take advantage of them.

Arbitrage Trading

Ethereum Code can be programmed to scan the prices of supported cryptos across various exchanges and take advantage of price discrepancies.

How to Use Ethereum Code - Step-by-Step Guide

To begin using Ethereum Code:

1. Register for an account on Ethereum Code

Enter your full name, email address, and phone number in the signup form to create an Ethereum Code account. You will receive a verification email with a link to confirm your account. After confirmation, verify your account by submitting a valid ID and a utility bill.

2. Sign up with a broker

Next, register with a broker partner. Their sign-up process is similar to the steps outlined above. You may be required to provide extra information like a bank statement, depending on the broker.

3. Practice using the demo account

Learn how to set strategies and ensure they work as intended in the demo account. The account provides real market data, so success in the demo mode is more likely to equal success in the live mode.

5. Make a deposit

The minimum you can deposit is $250. You can deposit using a credit card from most major regions in the world.

6. Set up automatic trading

Setting up automatic trading involves entering values for the key parameters in your strategy. The major parameters you need to know are the entry point, exit point (also called take profit), and stop loss.

The entry point is the price you to open trades, the exit point is the price you close trades when in profit, and the stop loss is the price you close trades when in a loss.

The stop-loss is a risk management policy determined by the amount of money you are willing to risk for every trade. A rule of thumb is to never risk more than 3% of your total account capital on a single trade. Place your stop loss at a price where the loss will be less than 3% of the total value of your trading account. 

Ethereum Code Assets, Market, and Options

What assets can you trade using Ethereum Code?

Ethereum Code supports eight major cryptos (Ethereum, Shiba Inu, Basic Attention Token, and 0x) but does not trade them directly. Instead, it uses derivatives called CFDs which pay the difference between the contract's opening price and closing price to the party whose prediction is correct.

For example, if you open a $250 Ethereum short position at $1,600 per ETH and the price rises to $1,700, you lose $15.62 because a $250 position gets you 0.156ETH at $1,600 per ETH. If the price rises to $1,700, the value of your ETH rises, but because it was a short position (you bet that the price will fall), the increase counts as a loss.

What leverage trading options are available with Ethereum Code?

Ethereum Code offers up to 5000:1 leverage on CFD trades. This is far above industry standards and is not advised, even for experienced traders. Here’s why:

Using the example above but with 5000x leverage, a $250 deposit can trade positions up to $1.25 million. If you open a $500,000 short trade when ETH is $1,600, you’ll have 312.5ETH. If the price rises by just $10 to $1610, the value of your ETH would be $503,125, culminating in a $3,125 loss for a small price move. However, your broker would have liquidated your account long before then.

Avoid using high leverage. Stick to industry standards of about 1:100 or lower and ensure your stop loss is always in place.

What are the spreads on Ethereum Code?

Ethereum Code doesn't specify its spreads on its website. However, its partner brokers usually have spreads.

Can I Use Ethereum Code in my Country?

Can I use Ethereum Code in the US?


Can I use Ethereum Code in the UK?


Can I use Ethereum Code in Australia?


Can I use Ethereum Code in Sweden?


Can I use Ethereum Code in Germany?


Can I use Ethereum Code in Austria?


Can I use Ethereum Code in Switzerland?


Can I use Ethereum Code in Denmark?


Can I use Ethereum Code in Finland?


Ethereum Code Review - Final Thoughts

Ethereum Code is a trading bot that helps users to trade Ethereum and ERC-20 tokens. The software is powered by an artificially intelligent algorithm that analyses price data to find recurring patterns and execute winning trades when these patterns repeat.

The bot is uniquely programmed to trade tokens on the Ethereum network and is suitable for Ethereum enthusiasts who keep up with evolving overarching narratives that have a bearing on price.

Registration is quick and easy, security is tight, and the customer service team is willing to help onboard you to the platform. You’ll need to deposit a minimum of $250 the first time through a bank transfer or a bank card, but not before testing the demo account to ensure the platform has what you need.

Watch out for the leverage when trading and ensure your risk management policy is always up to date and implemented properly.

To begin using Ethereum Code today, sign up on their website.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Ethereum Code review.

Frequently Asked Questions

Will I need to learn about trading to invest with Ethereum Code?

While being informed about the trading and cryptocurrency market isn't mandatory, it can help you make informed trading decisions. That being said, a new trader can also rely on the automated mode to invest in cryptocurrencies.

How much money can I earn in a single day using Ethereum Code?

Profitability depends on the amount of capital deployed and the trader's experience level.

How much time do I need to invest?

Ethereum Code isn’t demanding when it comes to requiring your attention. All you need to do is set your preferences and let the bot do its work. You'll need to check in periodically to ensure the bot is working properly.

Is there an Ethereum Code app?

Unfortunately, there is no native Ethereum Code app. It is still a browser-based platform.

Can I make money with Ethereum Code?

Yes. You can make money with Ethereum Code as the platform provides the necessary software and learning materials to ensure you deploy sound strategies.

Can my Ethereum Code account get hacked?

That is highly unlikely. Ethereum Code reportedly implements advanced security measures like SSL encryption to ensure that all the communication between you and the bot is encrypted.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.