Homnifi has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services". Homnifi provides a cryptocurrency wallet service, allowing members to store cryptocurrency and process deposits, withdrawals and transfers. Homnifi is not registered on the FSPR, and is not authorised to provide these wallet services in New Zealand. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Homnifi seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Demo account available|Quick verification
Cons: Email notifications too frequent
After spending for just over a year trying to make Homnifi 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: No hidden fees|Smooth onboarding
Cons: Account statements could be more detailed
The only good thing about Homnifi is that they remind you why regulation matters. I found them through word of mouth in my investment club. 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: Clear documentation|Reliable uptime
Cons: Cannot customize dashboard fully
I referred a friend to Homnifi after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Smooth onboarding|Real-time alerts|Easy withdrawals|Social trading features
Cons: Spreads widen during volatile periods|Minimum deposit could be lower
After using Homnifi for about three months, 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: Quick verification|Multi-currency support|Easy withdrawals
Cons: Could offer more webinars|Limited demo account features
I requested my data from Homnifi 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: Economic calendar|Real-time alerts
Cons: Mobile app could be improved|Search feature is basic
I was contacted by Homnifi 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After seeing ads for Homnifi online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
I wanted to transfer my portfolio from another broker to Homnifi. 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 platform improvements|Intuitive for beginners|Detailed reporting
Cons: Account statements could be more detailed
For anyone considering Homnifi, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required