BitnomicAI (webtrader.bitnomicai.net) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: webtrader.bitnomicai.net.
After for about eight months with BitnomicAI (webtrader.bitnomicai.net) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clear documentation|High security standards|Reliable uptime|API access
Cons: Onboarding videos are outdated|Account statements could be more detailed
I wanted to transfer my portfolio from another broker to BitnomicAI (webtrader.bitnomicai.net). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Demo account available|Copy trading available|Personal attention
Cons: Charting tools need more indicators|Currency conversion fee exists
My withdrawal request from BitnomicAI (webtrader.bitnomicai.net) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Tax reports included|Dedicated account manager
Cons: Help articles are sometimes vague
Customer support at BitnomicAI (webtrader.bitnomicai.net) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Educational resources|Real-time alerts|Stable platform|Quick verification
Cons: None so far|No dark mode on mobile
BitnomicAI (webtrader.bitnomicai.net) locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Responsive team|Multiple order types|Social trading features
Cons: Limited ETF selection
The hidden fees at BitnomicAI (webtrader.bitnomicai.net) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Personal attention|Risk management tools
Cons: Nothing significant