Summary
Ethereum Broker claims to offer profitable trading opportunities, but research shows that it is not a regulated or licensed broker. Trusted authorities such as the FCA (UK), ASIC (Australia), and CySEC (Cyprus) do not oversee the platform’s operations. Many users have reported issues with withdrawals, hidden fees, and misleading claims.
Exercise extreme caution if you are considering investing, and always verify a broker’s regulatory status before depositing any money.
About Ethereum Broker
- Company Name: Ethereum
- Official Website: https://ethereum.org/
- Domain Blacklist Status: It seems there is no direct mention of this domain being on a blacklist.
Trustpilot Negative Reviews and Low Score
How Investors Are Drawn In
According to many investors, they are drawn into Ethereum scams by people on the internet presenting themselves as friendly guides or experienced traders. Regulators believe that these individuals introduce potential victims to Trust Wallet and then direct them to connect the wallet to a third-party platform. These investors are then shown bogus rewards or profits and encouraged to put money into the account to “start” or “redeem” the rewards.
Bogus Rewards and Blocks on Withdrawals
Problems usually arise after an investor has deposited their money. A common complaint is the inability to withdraw money without an explanation. If an investor contacts a company for assistance, they will often be asked to pay an additional fee, usually in the form of tax or a percentage of their initial deposit. After paying these additional fees, investors will still often have a blockage on their withdrawal requests, which is typical of a scam.
Fraudulent Activities and Endless Neglect
Many of the customers who were harmed have posted reviews expressing their views concerning bogus evaluations on the cryptocurrency exchange platform, as well as falsified bonuses and illegitimate trades that are currently being manipulated through the cryptocurrency exchange. Customers have also expressed that the cryptocurrency exchange does not have a sufficient monetary license to provide them with any type of protection or have transparent operations regarding their investments. Customers have no means by which to access their funds because they are unable to withdraw them from the exchange, thus relying upon other businesses to help them recover their lost funds.
Important Guidelines for Crypto Investors
Cryptocurrency investors must be aware that they must never conduct transactions through a cryptocurrency exchange that is requesting payment in advance or offering guarantees in a numerical/amount form, providing profit. When dealing with a cryptocurrency exchange that only requires a minimal deposit amount to access its services but continues to request increased amounts of money from customers after setting up their accounts, investors must also pay closer attention to the type of exchanges they are dealing with. Research is essential for all users interested in avoiding becoming victims of scams on Ethereum.
Lost Funds to Ethereum Broker?
If you have already deposited money with Ethereum Broker, act quickly.
Fill out the form below to get a free consultation with fund-recovery specialists who can help trace and recover your money.
Is Ethereum Broker Trustworthy?
Ethereum Broker is not registered with any major financial regulator. Legitimate brokers must be authorised by bodies such as:
- FCA – Financial Conduct Authority (UK)
- SEC/CFTC – Securities and Exchange Commission / Commodity Futures Trading Commission (US)
- ASIC – Australian Securities and Investments Commission
- CySEC – Cyprus Securities and Exchange Commission
These regulators enforce strict rules, monitor financial operations, and protect customers.
Because Ethereum Broker lacks regulation:
- There is no authority overseeing its activities.
- Users have no access to compensation schemes or dispute resolution services.
- Funds are not insured, unlike regulated firms where clients may be covered by FINRA, SIPC, FSCS, or equivalent protection.
Trading with such unlicensed platforms carries a high risk of fraud and loss.
How Online Scams Usually Operate
Internet scammers use sophisticated tricks to build trust and then steal money. Below are common tactics associated with suspicious brokers like Ethereum Broker.
1. “Pig-Butchering” Romance & Investment Scams
Fraudsters may spend weeks or months gaining a victim’s confidence through dating apps, social media, or messaging platforms. Once trust is built, they encourage the victim to invest through a fraudulent trading platform like Ethereum Broker.
2. Fake Trading Platforms
Scam brokers often design dashboards that look real:
- Live-looking charts
- Fake profit spikes
- Manipulated account balances
They may even allow a small withdrawal at first to appear credible, then block all future withdrawals.
Common Red Flags
- Unsolicited contact: Calls, WhatsApp messages, or DMs offering investment opportunities.
- No regulatory licence: Or a fake/invalid licence number.
- Guaranteed returns: Promises of “risk-free” profits or fixed daily/monthly returns.
- Withdrawal problems: Sudden fees, taxes, or delays before releasing funds.
- Over-polished website: Professional design that hides the lack of real oversight.
- Fake testimonials: Made-up reviews or celebrity endorsements.
Steps to Take If You Were Scammed by Ethereum Broker
1. Cut Contact Immediately
Stop communicating with the broker or any associated person to prevent further manipulation.
2. Notify Your Bank or Payment Provider
Explain the situation and request:
- Chargeback (for card payments)
- Recall (for wire transfers)
- Reversal options (for e-wallets or crypto platforms)
3. Collect All Evidence
Keep:
- Screenshots
- Emails & chat logs
- Transactions
- Platform dashboard images
This helps recovery experts and law enforcement.
4. Report the Scam
Contact your local cybercrime authorities or financial regulator.
More reports help authorities track and shut down fraudulent operations.
5. Seek Professional Support
Fund-recovery specialists like Scams Report can guide you through chargebacks, crypto tracing, and legal steps.
FAQ – Ethereum Broker Scam Queries
Q1. Is Ethereum Broker regulated?
No. Ethereum Broker is not licensed by any recognised regulator, which makes it unsafe.
Q2. Can I get my money back from Ethereum Broker?
Recovery is possible in many cases if you act quickly. Chargebacks or crypto-tracing may help.
Q3. Why is Ethereum Broker considered risky?
Because it operates without regulatory oversight, offers guaranteed profit claims, and has multiple withdrawal complaints.
Q4. How can I know whether a broker is authentic or not?
Verify the licence number directly on the official regulator’s website (e.g., FCA, ASIC, SEC).
Q5. What should I do if Ethereum Broker blocks my withdrawals?
Stop depositing more money, collect evidence, contact your bank, and seek expert help.
About Scams Report
Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.
We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.
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Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.
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