Homnifi (homnifi.com) has been flagged by ASIC (Australia) for "Unlicensed". Financial Markets Authority NZ: https://www.fma.govt.nz/library/warnings-and-alerts/xpro-associated-providers-shiiro-academy-b2pay/
Addresses: Skelton Bay Lot, Fish Bay, Tortola, VG 1110, British Virgin Islands This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: app.homnifi.com.
After for the past year and a half with Homnifi (homnifi.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: Dividend tracking|API access|Helpful community forum|Competitive fees
Cons: No dark mode on mobile
Homnifi (homnifi.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: API access|Regular updates
Cons: None so far
I requested my data from Homnifi (homnifi.com) 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: Fast deposits|Detailed reporting|Competitive fees
Cons: Cannot customize dashboard fully|No crypto staking
After spending for a few weeks now trying to make Homnifi (homnifi.com) 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: Instant funding|Demo account available
Cons: Minor UI glitches occasionally
I had high hopes for Homnifi (homnifi.com) while looking for alternatives to my previous provider, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Stable platform|Regular updates|Low minimum deposit
Cons: No fractional shares|Wish they had more educational resources