www.undercryptos.com has been flagged by AMF (France) for "Unauthorised". Category: Produits_dérivés_sur_crypto-actifs 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.undercryptos.com.
www.undercryptos.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Real-time alerts|Detailed reporting|Automated trading options
Cons: No dark mode on mobile|Account statements could be more detailed
The only good thing about www.undercryptos.com is that they remind you why regulation matters. I found them after comparing multiple platforms. 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: Social trading features|Two-factor authentication|Educational resources
Cons: Limited cryptocurrency options|None so far
The platform at www.undercryptos.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: Segregated accounts|Instant funding|Quick verification
Cons: Limited cryptocurrency options
www.undercryptos.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multi-currency support|Multiple order types|Two-factor authentication
Cons: Help articles are sometimes vague|Cannot customize dashboard fully
My withdrawal from www.undercryptos.com was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Stable platform|Full transparency
Cons: Limited ETF selection|Limited cryptocurrency options
Do not use www.undercryptos.com for anything serious. I used them since early this year 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: Real-time alerts|Stable platform
Cons: Onboarding videos are outdated|Minimum deposit could be lower