CryoNet (cryonetenoy.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After using CryoNet (cryonetenoy.com) for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Economic calendar|Risk management tools|Responsive team|Fast deposits
Cons: Nothing significant|Charting tools need more indicators
After for the past year and a half with CryoNet (cryonetenoy.com) 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: Intuitive for beginners|Professional team
Cons: Help articles are sometimes vague|Research section could be deeper
CryoNet (cryonetenoy.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multi-currency support|Smooth onboarding|Wide product range
Cons: Live chat only during business hours|Limited social trading features
I was contacted by CryoNet (cryonetenoy.com) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After for about eight months with CryoNet (cryonetenoy.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Regular platform improvements|Regular updates|Instant funding|Wide product range
Cons: Limited ETF selection
Do not use CryoNet (cryonetenoy.com) for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular updates|Personal attention
Cons: Spreads widen during volatile periods|Slow to add new assets
The so-called education at CryoNet (cryonetenoy.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I retired last year thinking they would help me learn.
Pros: Multi-device support|Great customer service
Cons: Limited ETF selection|No fractional shares
I was about to invest with CryoNet (cryonetenoy.com) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Australian Securities and Investments Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Australian Securities and Investments Commission|Cannot verify credentials
The spread at CryoNet (cryonetenoy.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: Automated trading options|Detailed reporting|Wide product range
Cons: Slow to add new assets
CryoNet (cryonetenoy.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Stable platform|Segregated accounts|Fast execution|Copy trading available
Cons: Limited demo account features|None so far