Quick Summary of The Ethereum Code
Rating: 1 This is nothing more than a cryptocurrency scam
The Good: Absolutely no pros at all.
The Bad: It's a scheme designed to get you to deposit money into a brokerage so the creator gets an affiliate commission. That's all. There is no secret guaranteed way to make millions doing nothing.
The Bottom Line: This method of trading is high risk and usually ends up with costing you money rather than making it, and is not the way to build a sustainable online business. If you're looking for a legitimate way to make money online check out my preferred method.
The Ethereum Code Review
You’re probably here because you heard about the Ethereum Code and how it can supposedly make you $10,000 dollars a week.
I’m glad you came, because I’ve been looking into this system and what it says just doesn’t ring true.
The Ethereum Code by Jad Baker
This system is designed to help you make a bunch of money trading cryptocurrencies. The spokesperson Jad Baker apparently used to work for a large broker in Switzerland making money for clients.
I haven’t been able to confirm that this was the case; in fact Jad Baker doesn’t seem to exist at all. Even the Instagram account he shows in his video doesn’t exist.
Who is Jad Baker?
This is worrying, but it’s one of many issues with this system. The sales video for the system is long and winding and it tells you how it can make you a lot of money and so on, but it doesn’t actually provide any evidence for this at all.
The so called proof in the video can easily be faked and there’s nothing to confirm that any of the money made was due to the Ethereum Code.
Issues with the Ethereum Code
There are a fair number of red flags that suggest you might be being scammed here, so I’ve collated some of the most worrying ones.
As Seen On
The Ethereum Code sales pitch suggests that they have been seen on several prominent websites including CNN, Forbes and Money.
However, a quick search of these sites reveals that this is not the case.
This is a typical tactic associated with many online scams. They try to add legitimacy by slapping the logos of well-known businesses on their sales page and hoping you’ll gloss over it but be suitably impressed.
Now you know that pretty much the first thing you see on their site is a lie!
Hyped Earnings Claims
$15,000 in 24 hours, a guaranteed $10,000 per week and many other exaggerated claims feature prominently on the Ethereum Code’s website.
None of these are backed up by any firm evidence at all. In fact if you were to ask any broker, whether they deal in standard stocks, FOREX or cryptocurrencies about whether these claims are real, they’ll laugh in your face.
It’s true that you can make good money investing, but the claims made by Ethereum Code are wild. In general you’d expect to make about 7% returns over a ten year period with stocks (source). For FOREX you’re looking at around 1% – 10% per month (source).
While it’s true that a lot of money is being made in cryptocurrencies, the market is wildly unpredictable and swings in any direction with no real rhyme or reason. 50% losses across the board in a 24 hour period are not uncommon. As such, the claims Ethereum Code makes are preposterous and should be taken with great caution.
Fake Facebook Posts
Social proof is a powerful motivator and a very useful tool in marketing. If you see that others are having success with something, you’re more likely to see the product or service in a positive light and take a chance on it.
That’s why the Ethereum Code makes use of fake Facebook posts.
Not only are these posts not real embeds (they are images), they cannot be validated. I searched for users names and the messages they made assuming these are public posts but I could not trace anything.
As well as that, if you look closely each of the posts that contain the letters s and t next to each other have an error connecting the two. This might not seem like much but why does every single one have it? The answer is because one person wrote out the text.
It’s also very interesting that I came across a version of the site in Swedish, Spanish and German that had the same Facebook profiles, but with different names.
Also available in Spanish, German, Italian and more!
As well as using social media to provide social proof, a well-worn tactic by both legitimate and dodgy marketers alike is to use testimonials.
Some details blurred for protection.
Now, I can’t say for sure whether the testimonials on the Ethereum Code are real or not, but I have several reasons to believe they are fake:
- The sales page has done nothing but lie already so why would it start telling the truth now?
- 3 out of 4 of the testimonials are from church pastors or ministers. Seems like an oddly specific target audience.
Most likely the photos were plucked at random from the internet, with the tactical idea that choosing pastors, ministers and high school kids, any passing check on the names (as some have not been altered) would lead you to believe that the Ethereum Code is legitimate. After all, if a pastor is getting in on the action, surely it’s safe for you to do so too?
Again, I can’t prove anything definitive here but I’m pretty sure if I reached out to these people they would tell a very different story to the one the Ethereum Code is peddling.
Binary Options Broker
Lastly, the brokers involved with the trading are a known Binary Options broker: Optionstars.
While this is not indicative of a scam, the Binary Options market is flooded with scammers and dodgy brokers, all trying to make a quick buck out of your losses.
With the rise of cryptocurrencies, the Binary Options brokers have branched out and now offer trading in currencies like Ethereum.
The thing is, they are basically using their Binary Options systems to do so. Binary Options is high risk and is effectively a coin toss, so any cryptocurrency trading done with these systems is the same.
The FTC warn people about Binary Options, and here on I’ve Tried That every single one of our reviews about Binary Options “systems” has been negative because it’s pretty much gambling, but without the ability to use trends, knowledge or anything to aid you: a coin toss.
The Bottom Line
The Ethereum Code looks to be yet another dodgy scam that is just trying to hype everything up so you make a deposit at the broker. Once you do that, the person behind the Ethereum Code gets paid and doesn’t give a damn about any losses you make.
The wildly unpredictable cryptocurrency market is akin to gambling. There’s literally nothing that proves that the system works or that the suggested earnings can actually be obtained.
If they really did have a guaranteed way to make millions, they wouldn’t give away the secret for free. Why would they? All that would do would take away any earnings out of their own pockets. That is all you really need to know here.
The fact that there are so many lies distributed throughout the sales pitch only goes to further confirm that the Ethereum Code is a scam!
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