About 12 months after I started this website I caught what I like to call ‘the trading bug’ – I had spent most of those 12 months reviewing Forex related products, and I was eventually eager to find out more about it for myself!
So I dived into trading Forex…and I didn’t get that far!
You see, the currency markets are pretty volatile – one day you can see tremendous success…but that can disappear within a blink of an eye.
It was too ‘hellfire’ for me, so I moved onto the more pedestrian stock market instead – which I still use to this day!
Why am I telling you all this?
Well, I’m simply pointing out that I know my apples and oranges when it comes to trading…and I also know a trading scam when I see one.
That brings me to today’s product review – The Ethereum Code.
So, is The Ethereum Code scam or is it legit?
Let’s take a closer look…
The Ethereum Code Review
What is The Ethereum Code About?
The Ethereum Code is a new system which has been put together by a guy named Jad Baker – it bases itself on the emerging cryptocurrency market.
Apparently the guy behind this system, good old Mr. Baker, used to make a boatload of money for clients in Switzerland – he worked for a large broker there.
Now, as I touched on above – I know the trading world pretty well, and I don’t know of any successful brokers that are currently based in Switzerland!
This was the first red flag for me.
So, I dived a little deeper into the background behind this Jad Baker character…and I don’t think he even exists.
There are a bunch of fake, unused social media accounts that someone has set up to cover Baker’s ass – but these are easy enough to see right through!
The whole product is based around a landing page that is made up of a sales pitch video – not once does this video touch on the actual system itself…
You have no way of knowing how you are going to earn money with The Ethereum Code.
It’s a long video – very long, and it’s well put together…but it’s shrouded in mystery.
More Red Flags…
Okay, so the video and the fake Jad Baker was bad enough…but the red flags didn’t really stop there (far from it!).
Next we move onto the good old logos of well-known businesses – as with most online scams these days, they are nothing but cut and paste pictures.
Apparently The Ethereum Code has been featured by top companies like CNN, Forbes and Money – not the case I’m afraid.
Sure the logos are there to TRY and prove otherwise – but the product has never been featured (use the search bar on their websites and find out for yourself!).
Starting to fall out of love with the idea of this product?
You should be…
Then we move onto the typical inflated and eye-watering promises of earnings, that are out of this world.
Apparently you can earn up to $15,000 in 24 hours, a guaranteed $10,000 per week. I’ll let you into a little secret…
There is NOTHING DEFINITE when it comes to trading markets – NOTHING AT ALL!
There is no way you can set any targets and realistically stick to them.
Each market is a dynamic and changing workplace – NOBODY knows for sure which direction they are going to turn!
While it’s true that a lot of money is being made in cryptocurrencies, a lot of money is being lost at the same time. Every time a person makes a profit – another person loses money.
The cryptocurrency markets are the most volatile markets available to trade – they are not stable AT ALL.
Okay, so we’re getting red flags all over the place here – what about the feedback on the product? Are there any testimonials available to us?
Yes there are…but these are nothing more than your standard fake Facebook posts.
These social testimonials are powerful weapons, when they’re real – people are drawn to products that have had successful coverage on the BIG social platforms.
But these Facebook posts are not the only dubious testimonials on offer with The Ethereum Code – we also get more ‘regular’ testimonials off friendly looking church pastors or ministers.
Why would they be investing in the cryptocurrency market?
These testimonials are designed to tug on your heartstrings and shout out – “This must be safe – even the church is using the system!”.
Sign Up With This Binary Options Broker…
Now we come to the killer blow – the whole ‘point’ of this product…
It eventually leads you down a path towards a Binary Options broker, and you must open an account (by depositing money) with this broker to use The Ethereum Code system.
Should of seen that one coming!
Now, trading currencies can be volatile enough – but trading Options is nothing more than using a fruit machine and hoping to hit the jackpot!
You are basically throwing a coin up in the air and shouting ‘heads or tails’.
Is The Ethereum Code Scam?
Yes it is – but it’s not necessarily a new scam setup.
Truth be told – the Binary Options market is full of scammers and has been for some time now.
You are effectively led down a path to a specific broker, you then invest in this broker, then the product owner receives a commission.
What happens after that?
Well, you lose even more money by trying to implement the system.
Why would it work?
How could it work?
And more importantly – why would the product owner (Jad) care if it worked or not?
He’s already been paid when you deposited your money and opened an account!