CryoNet (cryonetmax.com) 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: cryonetmax.com.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. CryoNet (cryonetmax.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Multiple order types|Economic calendar|Fast support response|Excellent charting
Cons: Minimum deposit could be lower
CryoNet (cryonetmax.com) locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clean UI|Full transparency|Helpful community forum|API access
Cons: Limited demo account features
I gave CryoNet (cryonetmax.com) a fair chance. After since last summer of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Helpful community forum|Smooth onboarding|Dividend tracking|Instant funding
Cons: No fractional shares
Do not believe the bonus offer from CryoNet (cryonetmax.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a review site like this one and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Easy withdrawals|Automated trading options
Cons: Minor UI glitches occasionally
After for nearly two years with CryoNet (cryonetmax.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: Two-factor authentication|Wide product range|Easy withdrawals
Cons: Currency conversion fee exists|None so far
My withdrawal from CryoNet (cryonetmax.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Comprehensive tools|Great customer service|Risk management tools
Cons: Slow to add new assets
I closed a profitable position at CryoNet (cryonetmax.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Stable platform|Responsive team|Dedicated account manager
Cons: Could offer more webinars|Website design could be more modern
KYC with CryoNet (cryonetmax.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Great customer service|Easy withdrawals|Excellent charting|Good mobile app
Cons: Email notifications too frequent|Desktop app not available on Linux
The mobile app from CryoNet (cryonetmax.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Reliable uptime|Transparent fees|Responsive team|Low minimum deposit
Cons: Search feature is basic
The only good thing about CryoNet (cryonetmax.com) is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Demo account available|Multi-device support|Good analytical tools|Regular platform improvements
Cons: Limited ETF selection