Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index6.63
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
ETHBTC Investment Limited
Company Abbreviation
ETHBTC
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
The withdrawal is so slow
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.
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.
This is a scam company that will cheat you and stop picking up your calls. All they asked for is more money.
this broker is scam. It cannot withdraw.
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.
GENERAL INFORMATION
ETHBTC Investment Limited is a forex broker with some of the worst trading conditions in the market. Nonetheless, this company tries to convince clients that they are the best broker for forex trading. However, this is far from the truth. This company is yet another fraudulent operation looking to steal peoples funds.
Furthermore, you can tell that this company is desperate to attract all kinds of people. The founders are busy attaching cryptocurrency tickers for no reason. They have no association with cryptocurrencies whatsoever. They only want to look like they know what they are doing. Do not go into this company expecting to get any professional services.
Taking a quick glance at ETHBTC Investment Limited interface is enough to find out why you shouldn‘t be trading with this broker. A lot of fundamental functions and information is missing from this company’s website no proper Terms and Conditions document, no information about the trading accounts, not even a button for registering an account.
ETHBTC Investment Limited claims to be a company regulated by the MFA. Fortunately, it is easy to check the regulatory status of any company on the MFA website. We searched this company on the MFA website, and what we found raised a red flag. The results show that ETHBTC Investment Limited is not a member of the MFA.
This company is lying about its regulations just to attract investors. The people behind this company are running an illegal operation and they know it. There is no telling what such people are willing to do to steal your funds.
No unregulated company can assure you of your funds‘ safety. Unregulated companies do not have the right banking set up to protect user funds. Moreover, there is no evidence of systems’ protection on the website.
There is no mention of the software or hardware that this company uses to protect its systems. This means that hackers can access and steal your funds.
ACCOUNT AND LEVERAGE
According to what we can see, the broker offers only a single account with limited specification of it.
The leverage that this company offers is equally ridiculous. The maximum leverage stands at 1:100. This is despite them claiming they are a member of the MFA. The MFA caps maximum leverage at 1:50 for forex brokers. This shows that this company does not respect regulatory stipulations.
Also this company has some of the worst trading conditions in the market. The lowest spread this company offers stands at 25 pips.
TRADING INSTRUMENTS
ETHBTC Investment Limited trades in forex, oil, metals and indices.
TRADING PLATFORM
ETHBTC Investment Limited provides access to Metatrader 5 – the most sophisticated trading platform that exists out there and the one that is preferred by the majority of brokers and traders out there this is because it grants even causal traders access to powerful features like automated trading.
DEPOSIT AND WITHDRAWAL METHOD
ETHBTC Investment Limited demands at least $1000 to open an account. In a world where the standard micro accounts cost up to $10 with legitimate brokers, this is simply unacceptable.
ETHBTC Investment Limited accepts deposits via wire and crypto transfers they are both not eligible for a chargeback, and it is not surprising a shady broker like ETHBTC Investment Limited would use them to restrict withdrawals for their clients.
CUSTOMER SERVICE
If you are looking to invest in the forex market, this is not the company for you. The people behind this operation do not care about customer satisfaction. They are only in the market to steal peoples funds. Moreover, we have no idea who is behind this company. These people are hiding their identities for a reason.
Furthermore, this companys customer support is terrible. The only way to contact the support team is by emailing them at support@ethbtcforex.com. We all know that emails can go days without a reply. This is not what you want in a critical situation.
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