Cryptonomy (cryptonomy.fi) has been flagged by ASIC (Australia) for "Unlicensed". International regulator warning FCA https://www.fca.org.uk/news/warnings/cryptonomy-finance-https-cryptonomyfi and ASIC Investor Alert https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!cryptonomy-cryptonomy-finance--2615 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: cryptonomy.fi.
The only good thing about Cryptonomy (cryptonomy.fi) is that they remind you why regulation matters. I found them after attending a webinar they hosted. 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: No hidden fees|Fast support response|Good mobile app|API access
Cons: Website design could be more modern
Cryptonomy (cryptonomy.fi) 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: Good mobile app|Easy to use platform|Educational resources
Cons: Mobile app could be improved
After spending for a couple of months now trying to make Cryptonomy (cryptonomy.fi) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multi-device support|Customizable dashboard|Segregated accounts
Cons: Limited social trading features|Slow to add new assets
Cryptonomy (cryptonomy.fi) 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: Good analytical tools|Real-time alerts|Easy to use platform|Reliable uptime
Cons: Charting tools need more indicators|Limited cryptocurrency options
The hidden fees at Cryptonomy (cryptonomy.fi) 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: Full transparency|Easy to use platform
Cons: No crypto staking
My card was charged twice by Cryptonomy (cryptonomy.fi) on the same day. I had to dispute it with my bank. Cryptonomy (cryptonomy.fi) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Low minimum deposit|Clean UI|Segregated accounts
Cons: No live chat on mobile