mycoinology.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mycoinology.com.
After since the beginning of the year with mycoinology.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Tax reports included|Intuitive for beginners|Economic calendar|Easy withdrawals
Cons: No live chat on mobile|Research section could be deeper
mycoinology.com has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Clean UI|Real-time alerts|Great customer service|Social trading features
Cons: No crypto staking
My withdrawal request from mycoinology.com has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Portfolio tracking tools|Dividend tracking|Demo account available|Economic calendar
Cons: Cannot customize dashboard fully
mycoinology.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: Portfolio tracking tools|Detailed reporting|High security standards|Reliable uptime
Cons: No live chat on mobile|Website design could be more modern
I am in a dispute with mycoinology.com 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: Clean UI|Portfolio tracking tools|Customizable dashboard|Fast support response
Cons: Withdrawal takes 1-2 business days
I gave mycoinology.com a fair chance. After for the past six months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Easy to use platform|Smooth onboarding|Regular platform improvements|Fast execution
Cons: No fractional shares
After for over a year with mycoinology.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: Transparent fees|Social trading features|Market news feed|Great customer service
Cons: Nothing significant|Some tools only available on higher tiers
I referred a friend to mycoinology.com after reading several online reviews. 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: Intuitive for beginners|High security standards|Regular platform improvements
Cons: Spreads widen during volatile periods
Do not use mycoinology.com for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: API access|Wide product range|Customizable dashboard|Dividend tracking
Cons: Would like more payment methods
I opened an account with mycoinology.com for roughly four months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Fast support response|Multiple order types|Competitive fees|Detailed reporting
Cons: Limited cryptocurrency options|Live chat only during business hours