Etioma Review – Cold-Blooded Cyber Thief Without Regulation
Etioma is one of those examples you want to give when talking about anonymous service providers that can’t be more suspicious and shady. The website introduces the firm as “an online company” and that’s all you ever get from them. They further claim to be one of the first to invest in cryptocurrencies.
Nowhere does it say anything about the company’s background and which entity supervises them, if they’re in any way regulated. We have strong reasons to believe they’re fully illicit, and we present all our discoveries in this Etioma review.
|Regulated by:||Not regulated|
|Is This Company Safe?||Unlicensed companies are not safe!|
|Have Warnings from:||N/A|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Not Available|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Withdrawals can’t happen with scam companies without professional support!|
Problems With Regulations At Etioma
Looking for a license that would prove their credibility, we found the site info about being incorporated in London, UK, while their office address is in New York, US. Such information was all false, as the UK’s FCA doesn’t list Etioma as a legal investment company and broker dealer. Also, NFA, the US authority that keeps a membership database, doesn’t include this shady firm.
Further searching for an answer to this issue, we also looked through other registers – ASIC, CySEC, CONSOB and BaFin. Not a single authority has issued a license to this company to deal in securities and derivatives trading.
Etioma being illegal means they do not provide the adequate protection services and safety standards. This suspicious mixture of a broker dealer and an investment company is non-transparent and breaches all known regulatory standards. So stay away, just like you would from other illicit brokers like Erema Invest.
What Victims Does Etioma Prefer?
There are several countries where the Etioma scam seems to be most efficient in attracting victims. Whether they do so by relentless calling, spamming email inboxes or drawing attention by being emotionally affectionate, it seems to be lucrative. The whole point is to make an offer that their target cannot refuse.
Unfortunately for the inexperienced traders who are just trying to make a penny by investing in crypto, their projects end up in financial loss. Here’s a list of countries where the highest number of victims has been detected for now:
- United States
Do not feel ashamed to ask for help from us, if you value legal advice to efficiently lead your capital back to you.
General Trading Conditions And Costs At Etioma
Even after managing to open an account, we couldn’t access the information about the concrete numbers and the costs of Etioma trading services. The only legal document present on the website is Terms, which contains but several sentences and no useful information whatsoever.
The bogus software doesn’t reveal anything in that sense, either. Leveraged trading is claimed to be available but no other information exists about it. This dubious website simply doesn’t reveal anything!
The Packages And Trading Tools Etioma Offers
It’s quite difficult to comprehend what exactly the website means by packages and investment plans. These seem to be completely different concepts and they are priced differently.
The corrupted website has half of the links on there broken or misleading. If you want to examine the account types closer, the link leads to a 404 page, while the software is a poor attempt at faking functionality and reliability.
What Trading Platform Does Etioma Provide?
The simple web trader at Etioma.com is nothing to write home about. Made up of TradingView widgets, it doesn’t represent anything functional in terms of price speculating and lucrative investing.
Bogus software is not equipped with high-powered trading tools and analytical instruments to make your trading strategy more efficient. InvestusPro offers a similarly constructed web trader that is just as useless.
Is There Anything To Trade?
Etioma.com isn’t quite a place to rely on when it comes to prolific trading. Especially because they offer fake software and a single trading instrument class – crypto currencies.
If you’re more interested in other financial products, we advise you to check what regulated brokers offer. Etioma only claims to provide crypto trading – Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Polkadot and others.
Packages And Investment Plans
Etioma has two types of investing available: Investment Plans and Live Trading Accounts. The first type provides an alleged guaranteed return on an hourly or monthly basis, while the latter deals with brokerage services.
Investment Plans are as follows:
- Starter – Minimum deposit $20, duration 4 hours
- Premium – Minimum deposit $30, duration 2 months
- Professional – Minimum deposit $ 1.000, duration 5 months
The information about the account types is even more vague and it only has prices of the packages:
- Mini – $500
- Silver – $1000
- Gold – $5.000
- Platinum – $20.000
From the little information presented on the website, we suspect that Demo accounts aren’t available. As soon as we opened an account the Etioma login turned to a deposit page. Otherwise, all services at Etioma are locked and far out of reach. The firm demands you to immediately start investing if you want to use any of their services.
Unlicensed companies aren’t necessarily a scam. However, Etioma displays every single trait of one. Withdrawal Policy to guide you on performing the payouts doesn’t exist. Neither does Etioma reveal any of the costs pertaining to cashing out. It’s possible not to be able to process the withdrawals at all.
Also, besides the unnerving lack of transparency, the only deposit and withdrawal channel available is through crypto wallets of sorts. This adds to the anonymity of the service provider and protects their back in front of law, rendering them next to impossible to track.
Responsiveness Of The Customer Service
We’re not overly optimistic about the dedication of the Etioma support channel. Contacting the customer service is only available via email and online form. Our test-email remained unanswered. This leaves the fraudster the freedom to ignore inquiries and sleep peacefully. Their phone isn’t ringing and their actual address is hidden, so they’re safe from processing.
In Short, Etioma Is A Fraud
Absence of a license, neglection of traders’ rights and basic protection protocols, along with the disturbing anonymity shown, don’t leave a good impression of this trading platform and investment service. Etioma is dangerous with their seemingly attractive but untrue offers. It is better to keep distance than be left penniless.
If you’ve already invested here and would like to resolve the situation in your benefit, contact us for legal help. We can aid you in recovering your funds stuck with this sham. It is important to act quick, so contact us promptly and book your free appointment.
Is Etioma Legal?
This financial services provider doesn’t own a license, and is therefore, not a legal and trustworthy entity!
Is Trial Trading An Option?
All the website info and the user panel point to the fact that risk-free trading is not available.
How Do I Get My Money Back From Etioma?
If you contact us as soon as you realize you’ve been scammed, we can provide legal help and support you in taking back your capital from a fraud.