ICONOMI
About ICONOMI
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Most Helpful Reviews for ICONOMI
1 - 5 of 33 Reviews
Alejandro
Computer & Network Security, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed February 2024
A good relationship
10 stars, a lot of years with good service
PROSPlatform / the assets system is awesome and super useful
CONSThe fact to no have market orders / rebalances, and have to wait till rebalances
Martin
Real Estate, 11-50 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed February 2024
ICONOMI review
Great experience compared to other platform that don’t have active portfolio management. Also comments and post on the platform are important to understand current trends in the market
PROSOver the years Iconomi has been stable and safe platform to use. I like the consistency of the Iconomi team in providing security as well as user friendly easy to use platform
CONSPerhaps option to invest in short positions
Reasons for switching to ICONOMI
Risk management and security as well as active managers with accountable past performance
Jan
Marketing and Advertising, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
2
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
1
FUNCTIONALITY
2
Reviewed February 2024
Not living up to your potential
Great for beginners, really bad for an experienced user and I think there's almost no in between. Also, whenever there are any real issues that the community tries to discuss there is virtually no response from the team or some very "politically correct" answer that provides no insight. I think that is the biggest downfall of Iconomi and why it hasn't managed to grow in the last 7 years as much as it should have. You do not remove inactive strategies, you have no rules for poor performing strategies, which doesn't benefit the platform at all. The fact that there are strategies such as CARUS-AR (definitely not the only one) charging a fee while not outperforming BTC in the past 7 years is downright disgusting and I'd classify that as a scam. I haven't seen any effort from Iconomi's side to find fund managers with actual experience and track record to bring them onto the platform and I have no idea why. I think besides marketing this is the thing that has been keeping Iconomi back the most, because it drastically reduces investor confidence in the entire platform.
PROSI think it's one of the best products on the market when it comes to ease of use for beginners, although it comes with higher fees than pretty much any CEX. In general I like the product, however there are some MAJOR flaws that aren't being addressed and haven't been addressed for a long time now.
CONSHidden fees. Horrendous community management which is one of the most important things in crypto and also probably one of the easiest ways to attract new users. Not removing strategies that are inactive or that don't outperform Bitcoin, ESPECIALLY the verified ones. There's literally verified strategies that have gone over a year of radio silence and no restructures and they still have the tag. Why the double standards? Why does a new strategy have to check all of the requirements while the older ones don't follow the same rules? And this has been going on for months, they had time to change how they operate and yet they are still listed and they still have verified tags. Listing new assets is way too slow, I understand there's a process behind it, but I don't see what the problem is with listing an asset that is on 3+ major exchanges. I haven't seen any assets being listed by Iconomi's initiative, it's always listed mostly months after the community has asked for it.
Vendor Response
Dear Jan, Thank you for your feedback. We value transparency, especially regarding fees. Check our Fees Disclosure page (https://www.iconomi.com/fees-disclosure) for details or contact us for clarifications. Community is vital in crypto. We're committed to improving engagement and communication. We're addressing strategy visibility and performance, ensuring autonomy in strategy selection. Balancing new and old strategies is crucial as the crypto landscape evolves. We aim for fair and transparent rules for all users. Listing assets responsibly, considering liquidity and security, is our priority to offer reliable options. We support users at all experience levels and are compliant with FCA regulations, underscoring our commitment to high standards and trust. For further questions or discussions, feel free to reach out.
Replied February 2024
Marjan
Railroad Manufacture, 11-50 employees
Used weekly for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed February 2024
User Marje
Fairly easy to use. It is possible to copy existing strategies and create your own strategy.
CONSQuite cumbersome. menus need to munch time to find what I need.
Reasons for switching to ICONOMI
Try something new easier for use. More like for user.
Justus
Oil & Energy, 51-200 employees
Used monthly for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
FUNCTIONALITY
4
Reviewed February 2024
Optimize for mobile
Nice application for managing funds with multiple coins in them. Nice way to distribute the risk.
PROSEase of fund management. Graphs show first impression. Maybe the small amount of detail like performance indicators and co make it so nice to use. Not much to optimize for.
CONSThe Graphs in mobile browser version are not so useful.
Reasons for switching to ICONOMI
Ease of use. No stress to trade. Easy to just have skin in the game.