Tokenexus Forex Broker Review
Does A Small Deposit Mean That Tokenexus Is Not Regulated?
If your broker doesn’t offer negative balance protection, the losses may even exceed your entire capital. All data available on ForexComplains.com should only be used for general information and not as an offer to invest in any asset. The information on the site is largely based on individual opinions and we cannot guarantee its accuracy and credibility. Then they contacted me on 10 May 2018, I understand the delay due to the busyness of Tokenexus Broker support in serving their traders. after going through some identification process of account ownership by Tokenexus Broker Support to me, finally they agree to remove 2fa security on my account. As for the commission rates, they start from $15 for ECN accounts and 0.25% of volume traded for Crypto accounts.
Besides, the broker claims to be the first forex broker to offer swap-free accounts and Micro accounts. Tokenexus offers 4 account types which design for traders with different level of experience and skills from newbie to professionals. Aussie forex brokers must maintain at least $ 1 million as proof of financial stability and UK-based brokers must maintain a net tangible asset of at least EUR .
What Is The Minimum Deposit For Tokenexus?
Funding options are via bank wire transfers, with the minimum deposit being at $ 100. Major currencies that you can use include EUR, GBP, USD, among others. Credit/ debit cards can also are in use as a funding option.
Is AxiTrader an ECN?
Summary. AxiTrader is an ASIC and FCA regulated ECN broker for serious traders. While the trading platform choice is limited to MT4, Axitrader has received industry recognition for their setup including Best MT4 Broker 2018 (Compare Forex Brokers Australia) and Best MT4 Provider 2018 (UK Forex Awards).
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining tokenexus courses scam fees are not due. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.
You can learn a lot of information about the broker in this Tokenexus review. For example, Tokenexus was the first Forex broker who offered Micro accounts and swap-free accounts in the buy dragonchain forex industry. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money.
Tokenexus also allows using EA and custom technical indicators in MetaTrader. My only criticism is that they do not support direct credit card funding. Hope this review will help those who like to open an account with this broker.For my self, Tokenexus is not a scammers. We had server Real-1 problems due to software malfunction which destroyed all date for 2 trading days but we guaranteed that all accounts will be https://tokenexus.pro/ restored to the previous balances . This kind of malfunction with Server 1 happened 1st time in all our history and we are sorry for that. If you still think that our dealers did something wrong you can write in our public forum and we can discuss in public and fix if any mistake from our side was made. Tokenexus can offer on of the tightest spreads among forex retail brokers, low comissions and high liquidity.
In addition to the standard MT4, Tokenexus also offers the mobile version of MT4 via Android or iOS apps. This permits traders to analyze, execute and monitor trades from anywhere with an online connection. In the UK, Tokenexus UK specifies that it acts as the counterparty to customer trades for all orders except ECN what is nexus coin orders. As such, for non-ECN trades, customers are exposed to counterparty risk by Tokenexus. However, clients of Tokenexus UK are protection from theFinancial Services Compensation Scheme . The FSCS is a compensation fund of last resort, to protect customers against bankruptcies of their financial services company.
this means your money in not held by Tokenexus directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Tokenexus is regulated by Financial Conduct Authority , Australian Securities and Investments Commission . Tokenexus is considered good and reputable to trade with Tokenexus.
Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. The minimum deposits are forex brokers set according to the trading account you choose and starting from the only 1$, which is indeed fantastic for the traders of any size and experience level.
Wire transfer carry a customary fee of 30 units of currency, though in the UK these withdrawals are free. Outside of the UK, most forms of withdrawal except bank transfers charge a fee based on the % https://tokenexus.com/ of the withdrawal amount, which can be very expensive for very large withdrawals. The exception is Skrill, which has a low maximum commission for withdrawals, but a higher % commission for deposits.
- Client deposits benefit from broker bankruptcy protection in the UK.
- Trading conditions are very good, with overall transaction costs being very low with Tokenexus.
Mt4 terminal is good although some delay in entering, closing and refreshing the balance after closing the trades. I’m using robot most of the time because i have other job to do. Avoid hedging and other wrong methods that will make your broker terminate your account. In the mean time I did some forum posting, when the price came to my palm so I re-entered in trading.
Tokenexus Under Major Ddos Attack, Tokenexus Com Is Unavailable
STP accounts’ spread usually depends on several factors, including market liquidity. Again, in such a case, the fees are already embedded in the price. Apart from its web-based trading platform, Tokenexus also runs on tokenexus courses scam popular MetaTrader4 as well as MetaTrader 4 mobile platform. One of the key reasons why are so popular that they are fully customizable. In this case, you can configure your account to suit your trading needs.
All my withdrawals get processed fast as well, so I can recommend this broker. For me to become a Full time trader i decided to start using the ECN trading account of Tokenexus and here i could get very low spreads which also helped me in earning more profits from my trades. After trading for 5 years with Tokenexus i think now it is time to tell about my trading experiences with this broker. I started trading in the STP trading account and after trading in the STP account for 2 years i could say that the speeds of execution and the spreads were very low and stable. Tokenexus offers the very popular and functional MetaTrader 4 trading platform. For traders with programming skills, the MQL programming language allows for the creation of custom chart indicators and trading programs .
For customers who prefer to invest in a money manager rather than trade themselves, the Tokenexus’s PAMM account is the most ideal under these conditions. By opening an Tokenexus PAMM account, customers can quickly choose from the various PAMM accounts based on factors such as account growth or returns and drawdown and age of the account. PAMM accounts come in two types, ECN or STP execution. Note that when you choose a PAMM account there are other fees involved which varies from one PAMM account to another. The brokerage firm features a considerable number of deposit and withdrawal options. All brokers mentioned on this site offer online trading with leveraged instruments. This could lead to both quick profits and huge losses.
Is TradersWay regulated?
Tradersway is a none regulated Forex broker and their swap can wipes off your account if you keep your opened positions for a week or longer. Do not use tradersway. they do not pay out even the money you put in let aline what you profited.
Customers can deposit their funds to Tokenexus using a lot of options. The deposit options include bank WIRE transfers, credit/debit cards and e-Wallet payment options such as Webmoney, Neteller, Skrill, Payza, Perfect Money and QIWI Wallet. Cyrpto currency enthusiasts can also deposit using Bitcoin, LiteCoin or NameCoin. For traders who wish to open a PAMM master account, here is a brief summary of the PAMM account opening conditions. All clients’ funds are kept in separate accounts from that of operational funds.