Cryptonite AI has been flagged by Financial Conduct Authority 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.
The platform itself is okay, but the customer service at Cryptonite AI is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Fast support response|Stable platform|Two-factor authentication|Risk management tools
Cons: Slow to add new assets
Several red flags with Cryptonite AI: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Cryptonite AI had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Dividend tracking|Automated trading options|Fast support response
Cons: Email notifications too frequent|Cannot customize dashboard fully
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Cryptonite AI is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
I requested my data from Cryptonite AI under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Full transparency|Multi-currency support|Regular updates|Low minimum deposit
Cons: Limited demo account features
The spread at Cryptonite AI is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them when my bank disappointed me and I searched for alternatives and initially thought the platform was good - until I started trading seriously.
Pros: Clear documentation|Dividend tracking|Two-factor authentication
Cons: No crypto staking|Spreads widen during volatile periods
I am in a dispute with Cryptonite AI over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Detailed reporting|Multiple order types|Clean UI|Personal attention
Cons: Some tools only available on higher tiers|Email notifications too frequent
Cryptonite AI changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Detailed reporting|Smooth onboarding|Portfolio tracking tools|Regular platform improvements
Cons: Limited demo account features
I looked into Cryptonite AI and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
I wanted to transfer my portfolio from another broker to Cryptonite AI. 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: Regular updates|Wide product range|Smooth onboarding
Cons: Slow to add new assets