Ethereum Trader claims to be a user-friendly platform for people to learn more about trading Ethereum. It boasts a simple user interface, and the signup process of this platform seems to be equally easy to undertake.
Despite those positives, the site’s content focuses more on Ethereum and less on its other offerings. There are also many lesser known online trading platforms that have emerged to be scams. So, is Ethereum Trader a scam or legitimate? This Ethereum Trader review aims to find out.
What is Ethereum Trader?
Ethereum Trader is a crypto trading platform that is said to have been created by those “who have been studying Ethereum for years” as a way to give others a chance to others to trade in the world’s most popular altcoin.
Extremely light on information, Ethereum Trader is said to be an educational platform, focusing on teaching people about the different intricacies of Ethereum to help them trade better. Many third-party review sites have stated that it sports advanced trading tools that can predict the price of Ethereum to help people trade profitably.
If that is the case, Ethereum Trader would be similar to a trading robot, which would allow users to engage in hands-free trading without having to actively monitor the market. But not much has been said about this platform beyond that.
Accessing this website is easy as the Sign-up button is readily visible on the front page. And the site has been designed in a way to tell the entire history and the benefits of Ethereum. However, there is not much to find on the platform’s advertising copy.
At best, the platform is an educational site that informs users about how to trade cryptocurrencies properly, and at worst – it might be a scam. But we can’t be certain of any of that because of the lack of information prevalent on this site.
We recommend going your own research and checking out the reviews by yourself before making any investment decisions. And even if the site does facilitate Ethereum trading, remember that ETH remains volatile, considering the recent pullback that pushed it back below the $2k level.
Ethereum Trader Pros and Cons
Here are the pros and cons of Ethereum Trader.
- Primarily supports Ethereum trading
- Claims to have a host of educational tools
- Multiple advanced trading tools are available – according to the platform
- Affordable to start an account
- Has a no-fee approach
- No detail about the trading tools available
- Not specific about the minimum amount requirement
- Doesn’t seem like it has multi-asset support
- Extremely light on information
How does Ethereum Trader work?
It is not clear how Ethereum Trader works since most of the features are possibly locked behind the minimum deposit requirement that you only know once you start creating an account. What we do know, however, is that Ethereum Trader paints itself as an information-focused platform in the same vein as Immediate Granimator.
It means that after creating an account, users might be able to learn about Ethereum and its prospects when it comes to trading or other things like Dapp development, smart contracts, and more. Furthermore, a lot of information about this platform is outdated since it focuses a lot on Ethereum Mining, written before rollout of the Ethereum Merge.
It is facts like these that make this platform dubious to many, which makes investing in presale cryptos a better option since they already provide you with ample information and reasons to invest.
The site does say, however, that you can practice on the “Demo Trading account” before using real money, which also requires a deposit of the minimum requirement.
An Ethereum Trader mobile app is not available for this platform, as far as the information provided is concerned. But the site is flexible and responsive. All the buttons were interactable, and all icons were visible when we tried out the home page of this site.
That said, the official website says nothing about cryptocurrencies other than Ethereum, which means that it might only be suited for you if you are an Ethereum trader.
But since the information here is so little, we recommend weighing all the risks before investing.
Ethereum Trader Key Features
Listed below are the key features that Ethereum Trader claims to have.
Educational Tools Available
Ethereum Trader states that it offers educational tools for those interested in Ethereum trading. These tools are apparently a combination of articles, videos, and other tutorials, and also contain trade secrets that can help users trade successfully.
Demo Trading Account
A demo trading account is helpful for those who are using an unknown platform for crypto trading for the first time since it helps them get the hang of the tools available. Ethereum Trader claims that it offers a “demo trading account” so users can “practice, practice, and practice” before trading on the live markets.
Ethereum Focused Trading
As you can guess from the name, Ethereum Trader is only concerned with Ethereum trading. There is no mention of any other assets, and it is also not clear if the platform supports cryptoassets built on the Ethereum blockchain, like Solana. That said, the entire content available on the official platform seems to be only hinting toward Ethereum support.
That is a disadvantage since it doesn’t allow people to diversify their investments, which is why we recommend checking out new cryptocurrencies that have better upsides than even Ethereum at the moment.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Ethereum Trader Fees
Ethereum Trader hasn’t made any specifications about fees, which might not be a bad thing since it is common for other trading bots not to have any starting fees. That said, the fee structure seems dubious at times, especially since there is no mention of a minimum deposit as well.
Ethereum Trader Minimum Deposit
Platforms like Ethereum Trader, even though they do not require any fee, do have a minimum deposit required to activate the account. The same is the case here, but information about the minimum deposit is not available. It is likely that you will hear about it once you create your account, but for now, the details are absent.
Ethereum Trader Compatible Devices
We tested Ethereum Trader on multiple devices, including desktops, laptops, Android, and Apple phones. Our reviewers noted that the official website looks good on all fronts. All the icons were visible to us, the fonts weren’t small, and the sign-up button was interactable.
Is Ethereum Trader a Scam?
We wanted to check out if Ethereum Trader is a scam or if it is a legitimate platform, to which we don’t have a non-ambiguous answer yet.
Ethereum Trader claims to be a legitimate service, and it doesn’t boasts that it has a hands-free trading tool that offers a high win rate. It also is pretty clear about it being an educational platform rather than a tool specific to trading.
However, the information available on the platform is minimal at best. It only talks about Ethereum, and many of the facts related to Ethereum have not been updated on the website. the site still posts details about Ethereum mining, something that has not been the case since the arrival of Merge.
Also the site also talks about being an educational platform, but we couldn’t assess them because of the lack of an account. And the account couldn’t be made because of the lack of information about the minimum deposit.
The site does say that it will assist you with an account manager during the initial days of your trade. But how much fee will the account manager take? No info about that is available. There are customer reviews available on Trustpilot that have given it an average rating at best.
Sitejabber, on the other hand, has mostly bullish reviews about this platform. It has given it 4.8 out of five stars.
So, due to these facts, we recommend exercising caution when trading on Ethereum Trader. The site has too many things that you can consider as red flags, and there is support for only one cryptocurrency (for which it hasn’t even updated the information). Invest at your own risk when using Ethereum Trader.
Ethereum Trader Customer Support
Customer Support is available on Ethereum Trader, but only for those who register. Reviews do say that the support team is ready to reach out to traders at any time they want, which is good news since you will need help navigating a platform for which the information provided is so little.
How to Use Ethereum Trader?
Here are the steps to start using Ethereum Trader
Step 1 – Visit Ethereum Trader
Pay a visit to Ethereum Trader’s official website and enter your details, including name, email, and phone number. Click the “Learn More”button to start the registration process. You will receive an email that will prompt you to verify your account.
Step 2 – Deposit the Amount
Ethereum Trader has most of the features locked behind a minimum deposit requirement. It is likely that you will know the exact amount you must deposit once you create the account and are reached out by an account manager.
Step 3 – Start Trading
Once you have funded your account, you can start enjoying the live trading facilities and trading.
How to Delete an Ethereum Trader Account?
It is not clear how one can delete an Ethereum Trader account. One may reach out to their account manager and submit the request for account termination.
Are Celebrities Endorsing Ethereum Trader
There are many who have been asking if Ethereum Trader is being endorsed by the likes of Elon Musk, Jeff Bezos, Martin Lewis, or more. And the answer is simple – there is no evidence. Elon Musk is mostly interested in DOGE, and Ethereum Trader is focused on only Ethereum. Jeff Bezos hadn’t spoken much about cryptocurrencies since before the crypto winter started in 2022, and Martin Lewis has often been falsely associated with crypto trading platforms.
Who are the Founders of Ethereum Trader?
Ethereum Trader has not provided transparent information about who the founders of the platform are. Social media platforms have nothing to say, and third-party reviews, even from reputed sites, have given us only vague hints. While it is highly likely that the platform is from a team of crypto traders, we don’t know what their names are. The site also doesn’t appear to be related to the similar platform Ethereum Code.
Ethereum Trader Payment Methods
Ethereum Trader is said to accept traditional fiat payments and withdrawals such as credit cards, debit cards, and eWallets. And since the platform primarily focuses on Ethereum, crypto payments may also be possible – but it is speculation at this point.
Ethereum Trader is a crypto trading platform that apparently only focuses on Ethereum. It deals with educational resources more than it does with crypto trading and is said to offer advanced trading tools for those who want to trade ETH. But no evidence exists to support those claims.
There is also no information about this website’s founders. The information provided on the platform is low, and customer reviews of this platform are few. So, we recommend doing your own research. Also see our reviews of other automated trading platforms.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.