Search

ETHBTC Forex Broker provides real users with * positive reviews, * neutral reviews and 6 exposure review!

ETHBTC Broker Review

1.49

WikiFX monitor

Business

Influence E

License

No license

ETHBTC Review 6

Latest All(6) Exposure(6)
Exposure
Fraud platform

I tried to withdraw $10000 but the customer service told me to pay 10% personal tax because the balance was too high. But I still failed to withdraw and could not contact with them.

Kyle Loh
2021-09-18
Exposure
EthBtc Investment Limited I lost over $7,000

Due to having 0 experience in trading, I did not realize that the next phase of the plan is where I would have my money stolen. She put me through to a "broker" whose Whatsapp account had the MetaTrader 5 logo on its display picture and introduced themselves as "Customer Service". Over the course of the following days, I "registered" with a brokerage that calls itself "EthBtc Investment Limited" and sent over $7000 of funds from my bank account via Debit Card.

FX2843103612
2021-08-29
Exposure
A Taiwanese beauty solicitor. Is Hoshie a pseudonym?

They are very kind to me. You will be solicited by this broker to fill your account with the missing funds and to sign your trades. It will be profitable for a while, but eventually it will ask for additional funds. Correspondingly, the transaction became large, and when it came time to withdraw, I was guided not to withdraw, and I set up a big transaction and lost a lot. When I said that I had lost myself, I was told to squeeze in and return the loaned money, and when I said fraud, it disappeared somewhere.

濵田 康成
2021-07-12
Exposure
Withdrawal

This is a scam company that will cheat you and stop picking up your calls. All they asked for is more money.

Gaelae
2021-06-02
Exposure
unable to withdraw

this broker is scam. It cannot withdraw.

ก็คงเหมือนดังโลมา ที่มันไม่ใช่ปลาอยู่ดี
2021-06-02
Exposure
scammer 100%

The withdrawal is so slow

FX1727965755
2021-05-30

  

ethbtc 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of the ethbtc broker is overwhelmingly negative, with numerous reports indicating it operates as an unregulated scam. Key findings highlight the broker's lack of transparency, high fees, and poor user experiences.

  Attention: It is crucial to note that ethbtc operates across different jurisdictions, which may complicate regulatory oversight. The information presented here is derived from multiple sources to ensure fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 1
Tools and Resources 2
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 1

  We score brokers based on a comprehensive analysis of available data, user experiences, and expert opinions.

  

Broker Overview

  ethbtc, officially known as ethbtc Investment Limited, was established in 2020 and claims to be based in the United Kingdom. It primarily offers trading through the MetaTrader 5 platform, providing access to various asset classes, including forex, commodities, and indices. However, the broker lacks legitimate regulation, presenting significant risks to potential investors.

  

Detailed Analysis

  •   Regulated Areas: ethbtc claims to be regulated by the National Futures Association (NFA), but multiple sources confirm that it is not a member and is, in fact, unregulated. This raises significant concerns regarding the safety of client funds.

  •   Deposit/Withdrawal Currencies: The broker accepts deposits and withdrawals in various currencies, including USD and cryptocurrencies. However, the absence of clear withdrawal terms has been reported, which is a common tactic used by scam brokers to delay or deny withdrawals.

  •   Minimum Deposit: The minimum deposit required to open an account with ethbtc is reported to be around $1,000, which is considerably higher than the industry standard. This high barrier to entry is often a red flag, indicating potential scam operations.

  •   Bonuses/Promotions: There is little information regarding any promotional offers or bonuses, which is unusual for brokers. This absence of promotions may indicate a lack of competitive trading conditions.

  •   Tradeable Asset Classes: ethbtc offers a limited range of trading instruments, primarily focusing on forex, commodities, and indices. However, the lack of transparency regarding specific asset offerings is concerning.

  •   Costs (Spreads, Fees, Commissions): The broker reportedly charges exorbitant spreads, with some sources indicating spreads as high as 25 pips for major currency pairs. This is significantly above the industry average, making trading prohibitively expensive.

  •   Leverage: The maximum leverage offered by ethbtc is reported to be 1:100, which exceeds the limits set by regulated brokers. High leverage increases the risk of significant financial losses, especially for inexperienced traders.

  •   Allowed Trading Platforms: The primary trading platform offered by ethbtc is MetaTrader 5. While MT5 is a robust platform with advanced features, the broker's unregulated status raises concerns about the reliability of the trading environment.

  •   Restricted Regions: There is no clear information on restricted regions, but given the unregulated nature of the broker, it is advisable for potential clients to exercise caution regardless of their location.

  •   Available Customer Support Languages: Customer support appears to be limited, with users reporting difficulties in reaching the support team. The only contact method provided is through email, which is inadequate for urgent inquiries.

      

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 1
Tools and Resources 2
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 1

  

Detailed Breakdown

  •   Account Conditions: The high minimum deposit and lack of transparency regarding account types make ethbtc an unattractive option for traders. Users have reported being unable to withdraw their funds after depositing, which is a significant red flag.

  •   Tools and Resources: While the MT5 platform is generally well-regarded, the lack of additional educational resources or trading tools limits its effectiveness for traders looking to improve their skills.

  •   Customer Service and Support: Numerous complaints highlight the poor customer service at ethbtc, with users expressing frustration over unresponsive support channels and difficulties in resolving issues.

  •   Trading Setup (Experience): The trading experience is marred by high costs and unregulated conditions, which can lead to financial losses. Users have reported that the platform seems to manipulate trade outcomes, further eroding trust.

  •   Trustworthiness: The absence of regulation and numerous scam allegations contribute to a very low trust rating for ethbtc. Potential investors are strongly advised to seek out regulated brokers instead.

  •   User Experience: Overall user experiences are overwhelmingly negative, with many reports of being unable to withdraw funds, high-pressure sales tactics, and a lack of transparency regarding trading conditions.

  In conclusion, the ethbtc review indicates that this broker poses significant risks to potential investors. It is strongly advised to seek regulated alternatives to ensure the safety of your funds and a more reliable trading experience.

ETHBTC review