ICONOMI

RATING:

4.5

(42)

About ICONOMI

ICONOMI is a crypto portfolio management platform that enables users to invest in cryptocurrencies and manage crypto investment strategies through diversified portfolios. The solution connects to various exchanges and takes into account real-time market movements. It provides several rules-based trading strategies, including stop-loss, take-profit, price-based, and time-based rules. Additionally, investors can also track the performance of their portfolio through asset health, historical charts, and rebalance history.

ICONOMI Pricing

Free trial: 

Not Available

Free version: 

Available

Web and mobile app dashboard

ICONOMI Reviews

Overall Rating

4.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4

Value for money

4.5

Functionality

4

Most Helpful Reviews for ICONOMI

1 - 5 of 33 Reviews

Alejandro

Computer & Network Security, 1 employee

Used daily for more than 2 years

Review Source: Capterra

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

PROS

Platform / the assets system is awesome and super useful

CONS

The 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

Review Source: Capterra

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

PROS

Over 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

CONS

Perhaps 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

Review Source: Capterra

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.

PROS

I 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.

CONS

Hidden 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

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2024

User Marje

PROS

Fairly easy to use. It is possible to copy existing strategies and create your own strategy.

CONS

Quite 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

Review Source: Capterra

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.

PROS

Ease 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.

CONS

The 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.