ETHBTC-Overview of Spreads, Commissions, Leverage

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.