InsightCryptoFinance (insightcryptofinance.com and insightfinance.net) 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: insightcryptofinance.com.
KYC with InsightCryptoFinance (insightcryptofinance.com and insightfinance.net) 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: Competitive fees|Transparent fees|Regular platform improvements|Easy withdrawals
Cons: Limited cryptocurrency options|Desktop app not available on Linux
I wanted to transfer my portfolio from another broker to InsightCryptoFinance (insightcryptofinance.com and insightfinance.net). 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: Professional team|Regular platform improvements
Cons: Limited cryptocurrency options
Do not believe the bonus offer from InsightCryptoFinance (insightcryptofinance.com and insightfinance.net). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Portfolio tracking tools|Multiple order types
Cons: Currency conversion fee exists|No dark mode on mobile
The reporting at InsightCryptoFinance (insightcryptofinance.com and insightfinance.net) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Good mobile app|No hidden fees
Cons: Minimum deposit could be lower
I am in a dispute with InsightCryptoFinance (insightcryptofinance.com and insightfinance.net) 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: Competitive fees|High security standards
Cons: No integrated tax optimization