PicoToken (picotoken.com) 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: www.picotoken.com.
After for close to eighteen months with PicoToken (picotoken.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: Clean UI|Comprehensive tools
Cons: Would like more payment methods
I closed a profitable position at PicoToken (picotoken.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: API access|Dedicated account manager|Clean UI
Cons: Onboarding videos are outdated|Inactivity fee applies after 12 months
The mobile app from PicoToken (picotoken.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: No hidden fees|Market news feed
Cons: Desktop app not available on Linux|Limited demo account features
Do not believe the bonus offer from PicoToken (picotoken.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through word of mouth in my investment club and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Educational resources|High security standards
Cons: Nothing significant
I am in a dispute with PicoToken (picotoken.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: Fast deposits|Competitive fees
Cons: No integrated tax optimization