Ether Finance Review: This Broker is a Ticking Bomb!
- - Can't withdraw your funds from this fraudulent company or broker?
- - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
- - Or is there an excessive delay in processing your withdrawal?
- - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?
It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Got-Payback consultation today:
You will be redirected to got-payback.com after clicking the image
Ether Finance Review
-
Regulation
-
Fund Safety
Summary
Ether Finance does not have a phone number or physical address; they only have an email. To make a phone call, you have to do it through the internet, and the process is complicated. A forex broker should not be hard to reach.
Ether Finance is a scam broker. This shady broker is unregulated and therefore dangerous to work with wants you to believe that it is a professional broker where all your dreams as a trader can come true. They even offer consultation to help traders make better decisions. All this would be beneficial; however, only if the broker were legitimate and honest. This broker is neither of the two. It is a typical scammer and a constant reminder of the dangers of working with an unregulated broker.
One of the most important aspects of forex trading is the broker. You should only work with licensed, honest, and transparent crypto brokers. Although they cannot guarantee that you will not incur losses, they can guarantee safe trading. Scam brokers make unrealistic promises because their goal is to work in the industry for only a short period and then exit.
About Etherfinance.net
The only positive thing about this broker’s website is the aesthetic features; everything else is deceiving. From the website, you can trade stocks, bonds, commodities, indices, derivatives, and currency pairs. The broker offers the Basic, Standard, VIP, and Prime accounts. The distinguishing parameters are minimum deposit, spread, and commission charges.
We also noted that the broker offers traders entry signals. This is unethical business practice. Giving traders entry signals is irresponsible because no broker can predict price movements. Many regulators do not allow brokers to give signals because most of them are inaccurate.
Founders and Team
We did not find any information about the company founders. However, we did find some information about the inception date, which was 2008. We checked whois.com to verify this claim and unsurprisingly, the brokerage company registered their domain in February 2024 and will expire in February 2025.
Ether Finance Contact Details
Ether Finance does not have a phone number or physical address; they only have an email. To make a phone call, you have to do it through the internet, and the process is complicated. A forex broker should not be hard to reach. For a business to thrive, it must put customers first, and one way is to strengthen customer services.
This forex broker does not have a physical address because it’s a scam, and the people operating it don’t even need to have an office. The internet has made it easy for people to open a website and purport to offer forex trading opportunities. Government agencies would have a hard time reaching the broker because they don’t have a physical address.
Ether Finance Regulation Status
As a retail trader, the first thing you ought to look for regarding a forex broker is the parent company’s name. For Ether Finance, this broker is completely anonymous. There’s no working jurisdiction, contact address, or company name. Without regulation, the broker can manipulate the market to give traders the false impression that they are making a profit.
We noticed that the broker’s website is primarily in Russian; hence, the broker is targeting clients from this region. The Bank of Russia has already noticed their fraudulent activities and has blacklisted them. They have warned citizens about dealing with this shady broker because they’re unauthorized to offer forex trading services.
Ether Finance Trading Conditions
The spread is 5.4 pips, which is high above the one offered by many brokers in the market today. The leverage is at 400:1 for currencies. This is too high and risky for a trader. At first, beginner traders may be excited about high leverage because it can allow them to trade with huge lot sizes.
However, in the long run, high leverage can quickly wipe out an account. The minimum deposit is $150. This is too high, especially for a beginner trader. In the forex market, there are even brokers that allow retail traders to open an account with as little as $5.
Final Verdict
Ether Finance is a scam broker. This shady broker is unregulated and therefore dangerous to work with. If you want to have a smooth trading experience, make sure the broker you’re working with has a license. On the internet today, there are numerous honest and trustworthy crypto trading brokers. With these, you can rest assured that your money is safe.
