One of the key problems with this company is that there are too many misleading details, primarily about regulations. When a company doesn’t reveal any legal entity details, you can hardly believe it is licensed.
But that’s just the top of the hill of all the problems traders can have with this company. Therefore, we recommend you watch out for all advice presented in this honest ETHWorld review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2022 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | With zero transparency and missing regulations, traders can’t expect anything good from this company. Especially not withdrawals without any issues. Even though some of the issues might be real, many of them are fake. If you don’t know if you can judge it properly, reach our refund experts for consultation. |
Legal info: Is ETHWorld Legit or a Scam?
As can be seen, the company claims to have licenses in the US, Canada, and Australia. If that were true, ETHWorld would be one of our number one choices, regardless of their costs. After all, security comes first. Thus, these details are just a bogus lie designed to manipulate inexperienced traders.
In reality, none of those licenses exist, and the security the company talks about is just imaginary. Some of those fictive features are hot and cold wallet segregation.
Who are ETHWorld ‘s Victims?
A further issue with this exchange is a lack of ETHWorld reviews. Even though the company presents itself as one of the top 6 futures exchanges in the world, there’s zero proof of that. Since 2022, when their domain was registered, they have been mainly targeting traders from:
- United States
- United Arab Emirates
- Canada
If you want to avoid similar firms, we also suggest you read our Profit Rex and Invictus Capital reviews. In case any of these firms hold your money, you can contact our refund experts for a free first consultation about refund options.
Leverage, Commissions, Spreads, Fees and Taxes
With ETHWorld spot trading available, you would expect a bit more transparent trading conditions. Sadly, none of the trading costs are revealed to the public.
Instead, you have to register with them and risk constant harassment by the company’s agents. Certainly, if the company hides trading conditions, there’s no reason to believe it will be good.
Bonuses
Generally, the ETHWorld exchange doesn’t reveal any bonus offers. However, with their MTC token available, don’t be surprised if they give you some promotions to purchase it. Of course, those benefits are only fictive, as is everything else.
ETHWorld Trading Features
One of the advantages of ETHWorld crypto exchange would be one-click copy trading. Thus, the key problem is whether you can trust those trades.
With unregulated exchanges, such trades might be manipulated to create different behaviors among traders. So, watch out for those traps.
Trading Platforms Available
On the other side, we have issues with the company’s trading platform. Once you complete the ETHWorld login process, you can expect only a web-based platform with basic trading functionalities. But if you expect EAs, advanced charting, and analytics tools, choose another company on time.
Available Trading Assets
The only thing any scam company can hardly fail is to provide a wide range of investment options. However, this firm failed there as well. According to their presentation, there are a bit over 20 coins available, including:
- BTC
- IOTA
- XRP
- MTC and a few more.
Account Types
Usually, crypto exchanges offer VIP programs to motivate investors to trade more with unregulated firms that are designed to extort higher deposits. Luckily or not, this firm doesn’t present traders with such deals—at least not at first glance.
Mobile Trading App
If you check the ETHWorld app for iOS or Android, you will quickly realize another scam sign. First, the app is not available for download in PlayStore or AppStore. Second, the company presents us with fake 420k+ installations and a 5-star rating. So, you better stay away from it.
Demo Account
A lack of demo accounts is another reason to keep your funds away from this company. With their spot trading and contract trading features, it would be more than necessary to have it.
Education
To continue their suspicious services, the company needs to ensure traders don’t know anything. If they knew how crypto works, they would never trust them. That’s why this firm doesn’t have any educational programs for its clients.
ETHWorld Withdrawal
As with any other unregulated exchange, the ETHWorld withdrawal will be the key problem. Without transparent fees and processing times, you can only expect issues. These may include delays due to verification problems, AML laws, or any other excuse the company makes.
Even if you provide them with all the required documentation, some other things will pop up. Sometimes those are non-existent fees, but sometimes, they are non-existent taxes. Just make sure not to pay any.
Customer Support
Generally, it looks like the company offers 24/7 multilingual support. With e-mail and live chat options, you can get a quick response if you need some assistance. But we highly doubt it would work if you want to withdraw the funds.
Key Information To Consider About ETHWorld
Literally every bit of information provided by the company is questionable, starting with regulations, platforms, and security. Sadly, we’ve been attracted by the same lucrative advertisement as well. We know the pain of having funds stuck somewhere and not knowing how to get them back.
For that reason, we provide a free first consultation where you can learn how the recovery process works. If you are sick of swindlers and just want to get your money back, book your meeting right away!
FAQ Section
What is ETHWorld?
ETHWorld is a crypto exchange registered in 2022 that has been providing various crypto trading services with zero transparency and credibility.
Is ETHWorld Legit?
Absolutely not. The company operates without any Digital Asset Service Provider (DASP) licenses. Consequently, all kinds of problems are possible.
What is CipherTrace?
In case any problem occurs and you can’t withdraw your crypto, our experts with the CipherTrace tool can help you track your crypto transfer and apply for a refund.
Source:
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