- December 9, 2019
- Posted by: Hemp Markets
- Category: Cryptocurrency exchange
The established professional trade platform MetaTrader4 is one of the further advantages Tokenexus offers. Alternatively, customers can trade directly from their browser or when they’re on the move. The many training possibilities are in any case exemplary, but they’re unfortunately not available for all customers. But despite these two small drawbacks, Tokenexus definitely counts among the best forex and CFD brokers out there.
Is Tokenexus a good broker?
Tokenexus is a Cyprus-based forex broker that offers numerous bitcoin forex pairs along with the standard range of investment types. They have a reputation for great educational content, as well as a reliable customer service.
All in all, we believe Tokenexus is a trusted and competent online trading broker. This broker also supports MT4, and it has a respectable proprietary trading platform and a mobile app as well.
The tool then delivers a close approximation of the expenses the trader is likely to incur. Basic – this account requires a minimum deposit of $250, £250, €250, ¥25,000 or RUB 10,000. This type of account has minimum three pips spreads for major currency pairs, minimum four pips for minors and minimum seven pips for exotics. This account type permits use of MT4 and the company’s proprietary web-based and mobile platforms, as well as access to customer service on a 24/7 basis.
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The main account types offered are Basic, Silver, Gold, Platinum, and Gold; each of them comes with specific benefits and features to assist traders make the most of their trading experience. Tokenexus boasts of an efficient, effective, and intuitive web-based trading platform.
This fee can raise up to an outrageous €200 per month if the account is inactive for many months. Withdrawal fees can range from 0.9% to 3.5% depending on the method. Also, a €50 fee will be charged if you withdraw your funds after making only one trade. So, in addition to the commissions and spreads traders incur, there are many additional fees that can be imposed on traders if they are not careful. However in their bid to extend their product offering, Tokenexus now uses a proprietary platform called Scipio to provide CFDs and binary options trading services to their clients. While the CFD broker has not included some of the basic requirements like live news, all the other in-built features of the MetaTrader remain intact. While the addition of Trading Central is a bonus, the other drawback is that the broker does not allow the copy trading.
From our experience, we can say that Tokenexus pays out 100%. We know through our community many traders, which get the money and the profit paid out with this broker.
The accounts do require some form of valid ID, and proof of address before making withdrawals. If funds were deposited via credit card, details for that card will also be required for the withdrawal. tokenexus forex brokers reviews The application has a very simple interface, with each stage of the trading process laid out in a clear simple process. This reduces risk of mistakes due to fiddly or hard to find buttons.
Free And Unlimited Demo Account For Practice
This account requires a minimum deposit of €5,000 with spreads starting from 2 pips. 2 basic educational lessons are included as is 1 month of free withdrawals. Trading central and daily news is available to gold account holders and 1 webinar per month. Tokenexus offer a variety of stocks for trading as CFDs on some of the largest companies across the globe such as Amazon, Nike, Sony, eBay and Facebook.
Want to learn about Forex but don’t trust guides from some random guy online? Fear not; Tokenexus makes it easy for you to get the help that you need. Their Education platform is one of the most comprehensive on the market, making learning about FX so much simpler. The fact it can all be controlled via their simple web-based platform makes sure that you can see change time and time again. As one of the best Forex sites out there for web-based users, few options can give you the same clarity and consistency as this does. While many challenges exist in using something like Tokenexus , it’s a powerful solution for traders that want a web-friendly, user-friendly solution. By removing much of the barriers to get into trading that other platforms put off, they make it easy for both veterans and protégés to make their first moves into the market.
Who is the richest option trader?
Paul Tudor Jones is one of the most renowned investors of all time. He made his name decades ago by shorting the 1987 stock market crash. Jones recognized that, in the case of a bear market, investors are more likely to employ their put options as a form of portfolio insurance.
Especially beginners should use the demo account to gain first experiences. This means that you need less capital on the account to trade a higher position in the markets. In most cases, it is even very necessary to make a profit in a short period of time. The security of customer money is also an important point when it comes to choosing crypto exchanger a good broker. Tokenexus uses regulated and approved payment methods (credit card, Skrill, Neteller, etc.) for its customer’s transactions. The funds of the company and traders are also kept strictly separate in different bank accounts. In summary, there is no need to worry about the security of this broker’s deposits and withdrawals.
I Had More Than Enough In My Account
The broker specializes in the distribution of CFDs which can be traded on stocks, commodities, currencies, or cryptocurrencies. A few years ago, the provider was number 1 in options trading. Due to stricter regulations, the offer was switched to CFDs. There are four different types of accounts available through Tokenexus in addition to a demo account. Each type has a different account minimum with the low end at $250 and a high end of $50,000.
Also, all withdrawals come with a standard trading fee of $35 as well as additional fees that depend on the withdrawal method used. Therefore, withdrawing funds with Tokenexus is not very favorable. Tokenexus requires traders to make a minimum initial deposit of $250 to open an account and begin trading. This amount is common in the online trading industry and traders can make this deposit in the following currencies; US Dollar , British Pound , Japanese Yen , Euro and Ruble . Deposits are processed instantly if they are made via credit card or e-wallets, but deposits via bank wire transfer take up to 5 business days to be completed. This trading platform is the most widely used trading platform in the world and is the preferred platform among forex traders.
The stocks selection is large too, though not quite as diverse as what some of the other brokers offer in this regard. Despite the fact that their selection is somewhat limited, they do cover most of the hotspots of the world economy. Finally, the Tokenexus Mobile Trading crypto wallet App can be obtained from Google Play or Apple’s App Store and installed on smart mobile devices to allow trading and account management while on the go. Islamic – this type of account does not pay interest and hence has no conflict with the Islamic Riba prohibition.
Based on all of the above we do not suggest opening an account with Tokenexus . We’ve dealt with countless clients who have been scammed by Tokenexus . Fortunately if you Ethereum have been scammed by Tokenexus , you have where to turn to get your money back. We’ve been extremely successful in recovering money back from companies like Tokenexus .
Clan Commanders are required to either disband their Clan, or delegate Clan Management to one of their Clanmates. Before you delete your account, you can apply for refunds on qualifying purchases using the Help Site. MyAccount provides a convenient way for you to fund, request a withdrawal, update or manage your profile and more. To downgrade your account to an Individual selling plan, click Switch to Individual selling plan below.
Forex is traded in currency pairs such as the EUR/USD, GBP/USD, USD/JPY and USD/CHF. The forex market is known for its large trading volume and volatile nature which makes it risky, especially when trading with leverage. Tokenexus offer a range of forex currency pairs including major, minor and exotic crosses. Tokenexus hold regular free online webinars where traders can look to improve their knowledge and skills, familiarise themselves with the trading platform and various other trading concepts.
Also, the open trades window will display a ‘Close’ value – that is a value that the trader can ‘cash in’ at that moment – either to lock in a profit or reduce a loss. These are only offered at certain times within a trade, but add to a trader’s options and are handily placed. They boast some of the latest technology on their trading platform and pride themselves on offering an easy to use system. The new bespoke platform is also feature rich and advanced. The firm operates under the company name Rodeler Limited and has headquarters in Cyprus. Once you’ve seen the sense of Tokenexus ‘s intricacies, the interface is relatively simple to use. The layout is extremely clean, and the company steers clear of the cluttered roadkill that constitutes the trading console of many a less well-conceived options broker.
- Based on our experience, an account manager will also try to contact you after the registration.
- The platform supports multiple order types, browsers, operating systems and is accessible on all computers and mobile devices.
- The service itself is offered free of charge, though the broker does charge a commission on trader withdrawals.
- Therefore, Tokenexus is authorized to provide online trading services to traders from around the world, and mainly throughout Europe and the Americas.
- At the beginning it was ok, then there were unannounced rollovers, take profits with high losses instead of profits and no contact with customer service.
- 67% of retail investor accounts lose money when trading CFDs with this provider.
This is especially important when a trade is placed for a notional amount a lot bigger than the margin. For this reason, it is important to understand what these fees are and how they are applied to client accounts. Understanding the Tokenexus protocol for stop out levels and margin calls is important for traders.
The texts on this page are not an investment recommendation. Another important criterion for a trustworthy broker is customer support and service. As a trader, you should have a direct point of contact if you have any questions or problems. For example, the service should work quickly when emergencies occur and you have to close a trading position via support. Many traders are afraid of the obligation to make margin calls when trading in leveraged products. The past has shown that this can cause extreme levels of debt. But we can reassure you because with Tokenexus there is no margin call obligation and your account can never end up in a negative balance.
Now compose a email and enter the email address ; On Subject Type “REQUEST TO REMOVE MY ACCOUNT”. As far as I know, you couldn’t delete your Tokenexus account.