Ethereum Code 2021
The main difference with this new Ethereum Code scam is that it is targeting US and Canadian citizens rather than the UK, NZ and Australia.
The website has had a face lift as usual:
And they have a new video with an American voiceover:
Looking at the bottom of the website, we can see a disclaimer that states:
Important Risk Note: Trading in FX and CFDs involves a high risk of loss due to the leveraged nature of the trading which might lead to the total loss of your capital and which might not be appropriate for all types of investors. Please read our full risk warning and the relevant broker you will be registered with to ensure that you understand the risks involved prior to proceeding, taking into consideration your relevant experience. Seek independent advice if necessary. The information contained in this website and disclosure documents is of a general nature only, and does not take into account your personal circumstances, financial situation or needs. You should consider the brokerage Client Agreement carefully, and seek independent advice before deciding whether trading in such products is suitable for you.
Which immediately shows the video to be a fraud. The chances of making $1500 in 24 hours are extremely remote unless you are a trading expert and have a real understanding of the market which you are speculating upon. CFDs are a very complex and impermanent trading commodity and are not even legal to solicit in the US. The CFD (Contract for Differences) is a temporary contract made with a broker that speculates upon (makes a guess of) the future price of a stock, currency or other commodity. The CFD only has a value for the length of the contract and if the commodity value deviates outside of your speculated margin (a margin call) then you will have to pay to keep your original position alive. If you have a highly leveraged contract (multiplied by 50 or 100 times the original stake, as these CFDs usually are) then you will have to commit large sums of money to keep your position open. If you position is closed you lose the contract and stake. If you speculate incorrectly with highly leveraged products you can find yourself owing huge amounts of currency to these brokers.
The above is just what may happen if the brokers are honest. If they are just offshore scammers, as they often are, they will just transfer your money into crypto and then squander it somewhere. They will then give you a fake account on a fake website to keep you quiet while they shut down their phone numbers and start again under a different brokerage name.
Welcome to the world of the scammer.
VERDICT: ETHEREUM CODE IS A: SCAM !!
Do not send them your details or any money!