Iconomi Review

ICONOMI Ratings at a Glance

What is ICONOMI?

ICONOMI is a comprehensive global digital assets management and cryptocurrency trading platform catering to a diverse range of investors. ICONOMI simplifies crypto investment and trading, making it accessible for everyone. In the ICONOMI platform, you can follow or copy well-crafted crypto strategies from seasoned experts once funds are available. You also can buy and hold multiple cryptocurrencies directly on the platform. 

Additionally, you can create and manage your crypto portfolio or strategy by selecting and allocating the desired proportion of cryptocurrencies you believe are suitable based on your risk profile. Upon creating your portfolio, you can change the allocation and remove or add new cryptocurrencies. This offers you complete control over your crypto or digital assets portfolio. 

ICONOMI Products and Tools

ICONOMI offers a unique blend of services, encompassing a wide selection of cryptocurrencies for trading and customizable Crypto Strategies for tailored investment approaches. Additionally, it provides a lucrative affiliate program for long-term earnings and specialized services for businesses. Here's a breakdown of these services.

Cryptocurrency Trading and Investment 

ICONOMI lets you invest in several leading cryptocurrencies on its trading interface. The platform lists more than 150 cryptocurrencies and 10,000 pairs with various buying options from fiat to cryptocurrency. 

There are many valid reasons ICONOMI stands out among over 200 crypto exchanges in the digital asset space. Here are some of the core reasons.

Exchange-aggregated asset pricing: ICONOMI aggregates cryptocurrency pricing data from multiple centralized crypto exchanges to determine the average price of each asset. This approach ensures that the platform's pricing remains accurate and aligned with real-time values on other platforms.

Beginner-friendly trading experience: Imagine you're from a traditional investment market and want to gain cryptocurrency exposure without navigating the learning curve of managing blockchain-based assets. In that case, the ICONOMI platform has you covered. You can seamlessly buy your favorite crypto assets with fiat and hold them directly in your accounts. 

That way, you won't have to worry about managing private keys. And if you want to go on-chain, you can withdraw your holdings to your preferred custodial wallet. ICONOMI emphasizes ease of investing over trading-centric features like advanced charting, unlike other crypto exchanges. This makes it appealing to value investors focusing on longer holding times. 

Advanced trading rules: ICONOMI provides various advanced trading tools called Smart Rules to help you automate buying/selling individual cryptocurrencies or invest in Crypto Strategies on its platform. These include take-profit, stop-loss rules, recurring buy and recurring copy rules. The recurring buy rule will periodically buy a cryptocurrency using your available balance. The recurring copy will do the same for Crypto Strategy. 

Social feeds: Sometimes, you'll feel uncertain about your investing or trading strategy. In fact, as a beginner, you'll experience such feelings more often than not. In such a case, seeking a second opinion from traders investing in similar assets can be helpful. ICONOMI makes accessing second opinions hassle-free via its Post page. In this interactive social feed, you can share your thoughts and trading strategies with others in the community. This feed is information-rich as users typically share everything related to cryptocurrency trading, including trading insights, breaking news and technical analysis. 

Crypto Strategies 

ICONOMI provides a simplified approach to cryptocurrency trading and investing via Crypto Strategies. This service lets you buy a basket of crypto assets and manage it according to customizable rules. When you copy a Crypto Strategy, you're instructing the ICONOMI smart trading engine on which investments to buy or sell based on the strategy template. Investing in cryptocurrency using this approach enables you to create a diversified crypto portfolio without investing in the underlying assets individually. 

Diversification minimizes the risk of losses, making your portfolio more sustainable to the inherent volatility of the crypto market. If you're familiar with traditional financial markets, you'll quickly notice that Crypto Strategies closely resemble mutual funds. The core difference is that you maintain complete control over the assets your funds are diversified across and can exit those investments at your convenience. 

There are two ways to earn money via ICONOMI's Crypto Strategies. These include: 

As a Crypto Strategist 

Strategists are seasoned crypto traders or investors with significant expertise in formulating Crypto Strategies. They're akin to fund managers in the realm of traditional finance. ICONOMI boasts over 300 Crypto Strategies crafted by Strategists from its 10,000 network of crypto enthusiasts. As a Strategist, you choose what crypto assets to include in your basket and the proportion or weight of such assets. 

Additionally, you can automate your Strategy with time- and price-based rules. ICONOMI provides complete flexibility on how other traders or Copiers can access your Crypto Strategies. Strategies are typically private or public. You can invite friends and family to copy your Private Strategies or share them via your URL link. However, it is invisible on the ICONOMI platform and not discoverable via search. In contrast, Public Strategies are visible on the platform and discoverable via search. Anyone can access your URL link and copy your Strategy. While both Strategies provide opportunities to profit from your Crypto Strategies, the Public Strategy is more efficient and profitable. 

It is visible to everyone and promoted via the Hot Crypto Strategies widget. This attracts more potential Copiers and ultimately results in more earnings for you. You can actively and directly engage or communicate with your Copiers to promote your strategies and boost profits. 

Besides the copy fees paid by your Copiers, which grow with your Strategy, you can also earn performance fees. This is a percentage share of the profit Copiers make from your Strategy. If you meet certain conditions, your Public Strategy status can get custom upgraded by ICONOMI to a Verified Public Strategy for higher earnings. 

As a Strategies Copier

Most ICONOMI users fall into this category. Strategies Copiers exposes their portfolios to the available Crypto Strategies for Optimized Earnings. Once you copy a Strategy, your crypto holdings automatically rebalance according to that Strategy. Keep in mind that you might be required to pay copying and performance fees to the Strategist for the right to copy their Strategy. ICONOMI groups the available Crypto Strategies into top performers long-term, most active, most copied, top performers 12 months and weekly gainers. 

The platform helps you select a Crypto Strategy that aligns with your risk tolerance, budget and return expectations. The platform makes it easy to access comprehensive information for each Strategy within a group, including its structure, fees, rules, average returns and volatility. This transparency lets you make informed decisions when copying a particular strategy and know what to expect. Below are some of the most copied verified strategies. 

Diversitas Strategy: Diversitas is an actively managed strategy that blends BTC with DeFi (Tether, Ethereum, Injective Protocol and Chainlinks). It follows an aggressive investment outlook and has $8 million under management across 2,572 Copiers. Diversitas' impressive returns can make it ideal for investors or traders seeking DeFi staking protocols that deliver optimum returns. This Strategy has no active rules and charges an annual copy fee of 1% and a monthly performance fee of 6% (payable only when you profit). An exit or sell cost of 0.5% is also applicable.

Blockchain Index: This passively managed Strategy combines well-established blockchain-based projects with varying active beta components. The Strategy follows a market-cap weighted approach with fixed BTC and ETH weights. Blockchain Index lacks operational rules and charges no performance fees. However, a sale cost and annual copy fees of 0.5% and 3%, respectively, are applicable. It is the most popular Strategy, with over 4,500 Copiers and $13.1 million under management. 

Crushed Crypto Core: This Strategy is an excellent option if you want to invest in a basket of high-quality and undervalued cryptocurrencies. The Strategy maintains a flexible asset allocation to beat the price action of BTC and ETH. Lido DAO accounts for over 90% of its assets. Crush Crypto Core charges a hefty 15% performance fee (payable only when you profit), has $2.46 million under management and has over 1,000 copiers. 

CARUS-AR Strategy: CARUS-AR is a semi-passive Crypto Strategy that invests in the developing blockchain, DeFi, Web3 and crypto space. It has over $2.43 million under management spread across 1,800 Copiers. CARUS-AR charges 1.5% annual fees and 4% performance fees.

Digital Asset Management 

Whether you're a beginner or a seasoned trader, managing your crypto portfolio can be challenging. Besides market volatility, the time-consuming nature of handling diverse digital assets or cryptocurrency portfolios can make cryptocurrency investing unattractive. However, thanks to ICONOMI's innovative smart trading engine and automation tools, managing digital assets has become hassle-free. 

The platform has eliminated the need to juggle wallets or multiple exchanges or maintain spreadsheets. The best part is that you don't have to worry about complex trading charts or other exchange trading views that characterize traditional crypto exchanges. The platform uses its powerful tools to manage your crypto portfolio effortlessly. Here are the fundamental steps for managing your Crypto Strategies.

Buy/Sell Price Optimization

ICONOMI’s trading engine actively scans through multiple crypto exchanges, searching for the most favorable crypto prices available while considering real-time price fluctuations. It then executes trades according to your specified algorithms using the best crypto pairs to maximize liquidity for optimal trading outcomes.

Dollar-Cost Averaging (Recurring Buy/Sell)

With ICONOMI, you can effortlessly invest in a selected Strategy without lifting a finger or actively participating. This feature is particularly advantageous for dollar-cost averaging. For instance, you can set up recurring payments to ICONOMI to invest automatically in the Crypto Strategy of your choice at regular intervals, irrespective of market fluctuations. This automated approach simplifies the investment process and allows you to accumulate cryptocurrencies over time. That way, you benefit from the long-term growth of your chosen Strategy.

Portfolio Rebalancing 

ICONOMI facilitates portfolio rebalancing at your convenience. You can easily add new assets to your portfolio or remove existing ones. You also can adjust the weights of the assets you already hold. Rebalancing lets you fine-tune your investment approach, ensuring it aligns with your changing investment goals and market conditions. It allows you to actively manage your portfolio and optimize its performance as you see fit.

Algorithmic Trade Execution 

ICONOMI enhances flexibility by enabling traders to adapt their trading approach based on prevailing market conditions. Depending on your needs, you can trade assets quickly to avoid significant drops or take a slower approach to maximize profitability. You can mix both strategies as required. With a few clicks, you can use these trading algorithms to execute the trades you need, ensuring your portfolio aligns with your desired trading style and market dynamics.

Robust Automation 

ICONOMI offers a unique feature that allows you to automatically set up smart rules to monitor and manage your Strategy. This streamlines automated buying, selling and rebalancing of your crypto portfolio. Besides stop-loss and take-profit orders, additional rules on the platform include price-based rules, time-based rules and Nightwatch. 

The price-based rules trigger when a specified asset reaches a defined upward or downward price. In contrast, the time-based rule is executed on a specific date and time, allowing you to schedule and repeat rebalances periodically. Additionally, you implement Nightwatch rules to safeguard your crypto holdings. This rule automatically triggers a move of your assets into a stablecoin of your choosing once your portfolio's value decreases by a specified percentage.

ICONOMI Business 

ICONOMI also tailors its platform experience for banks, family offices or investment funds. For instance, if you want to expose your business to cryptocurrency or diversify away from the conventional fiat system, you can leverage an ICONOMI business account. Professional asset managers, family offices and institutional investors managing digital assets for their clients can also benefit from ICONOMI turnkey digital assets management platforms. 

ICONOMI Wealth offers immense benefits to your business. For instance, it grants you  access to the platform's risk-management features, portfolio optimization automation tools and enhanced liquidity. Additionally, it enables you to utilize  ICONOMI’s smart trading engines, equipped with multiple algorithms, to optimize entry and exit points, secure favorable pricing, and minimize costs, among other benefits. Overall, ICONOMI simplifies your assets management business at a low price.

Affiliate Programs 

You can join the ICONOMI affiliate program to boost your earnings further. The affiliate program lets you earn monthly rewards by inviting family and friends to sign up and engage in activities like adding funds or copying Crypto Strategies. ICONOMI pays you a share of the fees generated from these activities. This way, you enjoy a long-term earning opportunity rather than a one-time reward.

ICONOMI provides round-the-clock multichannel customer service. The available channels include telephone (+44 (0) 20 3376 0820), Email (support@iconomi.com) and LiveChat icon on the lower right-hand corner of the website. You can also send a complaint or submit a request by completing the online form. You can also visit the company's office depending on your situation. The company's address is available on the footer page of the website. Typically, phone and LiveChat offer the fastest means of complaint resolution or getting answers to urgent questions. However, checking the Help Center before contacting support is an excellent idea. This is because the Help Center contains detailed information covering all possible questions about the platform, including product offerings, pricing and account setup. 

ICONOMI also maintains a presence on major social networks and instant messaging platforms, including Twitter, Facebook, YouTube, LinkedIn and Discord. These avenues provide an interactive environment to ask questions and learn from the company's trading community. The ICONOMI blog offers content on cryptocurrency, especially Bitcoin, which makes for good learning and educational content. ICONOMI has an outstanding positive review on Trustpilot, rated 4.1 out of 5 from 66 reviewers. The customer support personnel professionally addressed the few negative comments with additional support links where necessary. This reflects an efficient and reliable customer support service.

ICONOMI is regulated by the Financial Conduct Authority (FCA), the U.K.'s top financial regulatory body and one of the world's most reputable financial regulators. Users' assets are stored in a proprietary hot and cold wallet system featuring a multilevel/multisignature structure and carefully designed processes for enhanced protection. This means to move your asset, you'll require signatures from multiple people or organizations. Combined with time and location complexity, this provides a robust security architecture. Your assets are strictly yours and inaccessible to the Strategist you copy from.

ICONOMI is one of the few blockchain-based platforms to be audited and verified by the Big Four professional services firms. Like most traditional exchanges, two-factor authentication (2FA) is a mandatory security measure for login validation, further reinforcing the platform's commitment to user privacy protection. ICONOMI also carries out know-your-customer (KYC) and anti-money laundering (AML) verification procedures during signup. Users' personally identifiable information collected during registration or signup is used strictly for personalized service delivery, service improvement and marketing in line with regulatory requirements. It is not sold to or shared with third parties unless expressly approved by the user.

ICONOMI offers an affordable and transparent fee structure. You can sign up and start

trading or investing with a minimum of 10 pounds. There are no upfront fees for creating Crypto Strategies. The applicable copying and performance fees are fixed by the Strategist (the Strategy creator). Copiers only pay a performance fee if the Strategy generates profit. Typically, most strategists charge lower than 6%, but it can range from 0% to 30%. In contrast, the copy fee is usually lower than 2% but can range from 0 to 10%. Copiers (traders or investors who copy the Strategies) may further be subject to a rebalancing fee of 0.37% when the Strategist makes structural changes to the Strategy. 

This is like adding or removing an asset class to better capitalize on changing market conditions. ICONOMI charges 0.5% or a 0.5 euro minimum trading fee when you buy/sell cryptocurrency (excluding Strategies rebalancing). Crypto deposits or fiat deposits via bank transfer attract zero charges. However, fiat deposits via bank cards (Visa and Mastercard) and Skill attract 3% and 3.5%  (+ 0.29 euros), respectively. The table below reflects the applicable fees for various fiat withdrawals and blockchain transaction costs (crypto withdrawal methods).

Keep in mind fees can change over time. You can earn referral fees of 50% when you invite friends and family to sign up and use ICONOMI’s investment services or Copy Strategies. Your referral earning is deposited in your account monthly.

ICONOMI offers a user-friendly interface that eliminates the hassles of managing multiple exchange accounts, executing complex orders, transferring cryptocurrencies, trading, storing and pricing. By consolidating your crypto investment into a single platform, ICONOMI removes unnecessary complexities in your crypto investing journey, creating an excellent user experience. Its comprehensive range of over 150 cryptocurrencies enhances flexibility when selecting digital assets for trading or copy trading. The onboarding process is hassle-free, requiring three simple steps — you create an account, verify your identity by following quick KYC and AML procedures and deposit a minimum of 10 pounds or cryptocurrency. 

The process can take less than five minutes, depending on how fast the AML and KYC procedure takes. Upon completion, you can immediately start your cryptocurrency journey by buying directly or investing via copy trading in any of the platform's over 300 Crypto Strategies. The latter approach enhances portfolio diversification and forms ICONOMI's core offering. To copy a Strategy, click "copy," and your fund will automatically mirror the Strategy. The user interface is simple and beginner-friendly. If you're a beginner, you can use a demo account to simulate your preferred portfolio with real-world data and see how it performs. The demo mirrors a live account but uses fake money. Seasoned traders can create an account and dive in right away.
ICONOMI also offers excellent educational resources via its blog or academy. Moreover, you can actively engage with the community through verified posts — liking, commenting on and sharing Strategists' posts. You also can participate in discussions regarding the best cryptocurrency to buy, the best crypto pricing and more. This community-oriented social trading model fosters a dynamic and interactive platform for crypto enthusiasts. The platform also offers 24/7 multichannel customer support. Benzinga considers ICONOMI an efficient and highly recommended crypto social trading platform.

ICONOMI vs. Competitors

Many traditional crypto exchanges like Binance, eToro, KuCoin and Bybit allow copy trading. ICONOMI's core competitive edge is that it eliminates the complexities of juggling multiple crypto exchange accounts, transferring crypto assets from one exchange to another, setting up complex orders, trading, storage and pricing. It consolidates crypto investments and management in one place, creating an excellent user experience. The platform is built on top of multiple exchanges with diverse coin offerings and expert Crypto Strategists to keep it running. Users can copy expert Crypto Strategies and build diversified digital assets portfolios or create their own Strategy and profit from its performance, providing a means of earning passive income for most traders.

ICONOMI is the ideal cryptocurrency investment platform for traders of all levels, from beginners to experienced traders. You should especially consider this platform if you're dipping your toes in cryptocurrency for the first time. Besides its low entry barrier and user-friendly interface, ICONOMI boasts excellent automated features that make it easy to invest, trade and manage your cryptocurrency portfolios effortlessly. The platform's unique social trading feature lets you follow and copy strategies from skilled Strategists, providing an automated and convenient investment approach. Combined with a low account minimum, the copy trading feature enhances accessibility for diverse investors. 

With its active community engagement and focus on simplicity, ICONOMI presents a constructive and promising solution for crypto investors seeking a seamless and rewarding investment journey. The platform also prioritizes privacy and asset protection, implementing robust security measures to enhance the security of users' assets and data. Set up and onboarding is a breeze and can be completed in about five minutes, and round-the-clock customer support is available.

Frequently Asked Questions