Clients are protected in multiple ways when they trade at Tokenexus . For starters, client accounts are maintained at reputable international banks in segregated accounts. Additionally, this Forex broker is fully licensed and regulated by the Cyprus Securities Exchange Commission . Clients have full recourse in the event of queries or complaints. Other security measures include secure socket layer technology, full compliance with trading rules and regulations of the EEA and the European Data Protection Act.
Tokenexus is a member of the United Kingdom’s Financial Services Compensation Scheme , which protects clients when authorised member firms fail. According to Tokenexus , withdrawals are free if they are equal to or over $100 or alternatively for the full balance of your account. As they started in 2014, they have won relatively few awards to date despite receiving typically favourable reviews. Most notably, the company’s website currently highlights that it won the Best Forex CFD Broker award at the U.K.
Thus, the MT4 platform remains the most popular choice of trading platform. 74.07% of retail investor accounts lose money when trading CFDs with this provider. Tokenexus offers tight, competitive spreads, starting at 0.05 pips. There are no trading commissions either when opening either a Standard or Edge account.
Web TV – Access to live recordings from the New York Stock Exchange floor, providing professional financial commentary on market movements as well as actionable trade ideas. The firm provides daily news and the latest market updates, with the most advanced advice and market commentary on FX pairs, precious metals, oil, commodities and indices. With the use of both technical and fundamental analysis, all the content is well researched and caters for all types of traders and investors. Day-traders who understand how currency values are determined are in a better position to develop strategies and profit from market fluctuations.
Is Tokenexus legit?
Tokenexus is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).
This means you could be entitled to compensation of up to £85,000 in such a scenario. Go to the Tokenexus main website and select the “Customer Portal” tab on the top right corner – it will open a window where you need to introduce your account details. Before selling/ shorting, make sure you have enough funds to perform the order. Tokenexus is a co-brand, shared bitcoin news and owned by a number of different entities globally. Answer a few questions about your level of trading experience and knowledge, and acknowledge that all of your information is accurate. It also comes equipped with different order types like stops, limits as well as automatic price entries, that are designed to give you an edge in the market.
What Are The Deposit And Withdrawal Fees, Limits, And Speeds?
User Friendly – Their platform is available on iOS and Android devices as well as for traditional means of computers as well. Super important to note is that their platform is customizable.
As such, Tokenexus ’s free eBooks cover timely and relevant topics such as trading methods, money management and trader psychology. In a similar vein, the highly regarded quarterly report covers recent market sentiment and movements, while concentrating on the forthcoming events and macroeconomic backdrop. Tokenexus ’s reports simplify the complex, often with analogies. Those who go for the Edge Account only have to deposit USD/EUR/GBP 5,000. Within this category, the broker has staked out two sub-categories. FX2 hosts more exotic currency pairs, such as the USD/HUF, EUR/PLN, and USD/HKD.
Trade With Top Brokers
Tokenexus clearly lists its fees in a very transparent manner on its website. Their clients can easily find out the cost of trading any Forex pair or CFD. Clients can trade Forex pairs starting from zero spreads with the premium account, but even its Standard account comes with a minimum spread of only 1.0 pip. Besides the MT4 desktop software, Tokenexus makes it easier for busy Forex traders to login and manage their accounts on the go using a web-based trading interface called MetaTrader WebTrader. The WebTrader is a stripped-down version of the desktop platform. However, it comes with almost all the basic technical indicators and technical analysis tools.
No fees are charged for withdrawals, and monies can be paid into debit or credit cards, E-wallets, or directly to a user’s bank account. Withdrawal requests received on a business day before 2pm are processed that day. Pending orders are triggered, transacted, and executed as a market order, and occurs when the market price reaches the set point. For user convenience, the site provides an up-to-date list of the trading conditions for every individual asset, which are categorized such as exotics, minors, majors, and Forex majors. Several forms of cryptocurrency CFDs are available, and the site also supports the trading of 50 major shares CFDs from Germany and the US. Crude oil can also be traded, together with commodity-based oil ETFs. Indices can be traded too, with 15 variations of share indices available from the US, Europe, and Asia.
It also won the ‘Best non-dealing desk forex broker’ which was awarded at the ‘Online Personal Wealth Awards’ in 2018. In this detailed Tokenexus review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. Yes, traders outside the EU can receive a $100 welcome bonus on a $200 first time deposit. Once you have traded through a volume of 6 lots, you will be able to withdraw your welcome bonus. Yes, to review your full trade history, log in to the MT4 platform and go to the “terminal” window, where you would normally see your account balance. Choose the “Account history” tab at the bottom and right-click to choose custom dates or save the reports to your computer. All your open trades are processed in real-time and will be visible in your trade history.
With spreads from 1 pip and an award winning app, they offer a great package. Clients can register for Tokenexus UK’s eBooks that will provide them with a greater understanding of trading and teaches them how to enter the financial markets. These free educational eBooks enable clients to overcome the mistakes that can be made in the early days of trading by building on existing knowledge of the financial markets. Users who open a Premium account receive a number of exclusive benefits, including premium videos and tutorials, as well as having full access to Trading Central. The idea of the Premium education feature is to complement the free raw spreads and VPS that are offered by this type of account.
Getting in touch with customer support is a breeze, and cross-platform functionality with the trading platforms is assured. Support languages include English, Turkish, Arabic, French, German, Indonesian, Italian, Romanian, Russian, what is cryptocurrency Spanish, Turkish, Tagalog, Vietnamese and many others. Clients can contact support representatives direct at the headquarters in Limassol, Cyprus via snail mail, or between 8 AM and 6 PM Monday through Friday at + .
Regulation And Deposit Protection
While the current Forex market volatility presents huge potential for profits, it’ll be best to stay alert of the market news and trends. Be reminded that the market can be unforgiving, so you have to make sure that you always look after your trading strategies. But what we can do now is to take advantage of the current Forex trading situation, and leverage on bigger trading opportunities. The company also clearly benefited from the trend when they reported a Forex trading volume of $143.9 billion month-on-month, rising 25.1 percent compared to the previous month’s $115.0 billion. In fact, it’s the highest trading volume Saxo has experienced since May 2019.
Is Tokenexus legal?
Since Tokenexus has its headquarters in the United Kingdom, it is regulated by the FCA. The official name of Tokenexus is AT Global Markets (UK) Limited. The Financial Conduct Authority regulates and authorizes this company. The FCA registration number is 7605555 and the company number is 09827091.
Bank transfer tends to take longer but this depends on the bank and the country of origin. The process of registering for an account with Tokenexus is very simple. If you are a starter, we recommend that you start by creating a demo account. On the home page, you should follow the links shown in red below. Except for bank transfers, which usually takes up to 1 day, the rest of the payment methods will take less than 30 minutes on average. For continuous daily activity, Tokenexus provides the service of a VPS.
Tokenexus Connect Enhances Their Liquidity Offering With Onezero ..
Only the Professional account type does not qualify for negative balance protection, and all of the accounts currently supported allow you to deal in sizes as small as 0.01 of a lot. You can then click on the signals tab in the the best crypto exchange toolbox window positioned at the bottom of the platform’s display to choose trading signals that you wish to follow. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots.
When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms. They still provide you with the ability to trade all of the major pairs but tokenexus scammers offer a limited selection of minor and exotic currency pairs on their platform. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone.
- All of these offer multi-lingual and multi-currency trading options to its users.
- Besides the MT4 desktop software, Tokenexus makes it easier for busy Forex traders to login and manage their accounts on the go using a web-based trading interface called MetaTrader WebTrader.
- There are no fees attached to deposits in pounds sterling, U.S. dollars and euros.
- FX2 hosts more exotic currency pairs, such as the USD/HUF, EUR/PLN, and USD/HKD.
- They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities.
- There are still winners in the world’s financial markets in these challenging times and this has been proven by some Forex brokers.
Tokenexus is under the regulation and supervision of the Financial Conduct Authority . Its registered company number is .As a country in the European Union, Tokenexus works in compliance with the Markets in Financial Instruments Directive . Credit and debit card transactions and e-wallets take less than 30 minutes to reflect into your account.
Remember that once you close your account, you won’t be able to access any funds remaining in it, so be sure to close any open trades and withdraw any remaining funds before you do so. Yes, Tokenexus is a CFD broker which offers over 200 CFD assets for trading, across 5 different asset classes including forex, indices, stocks, commodities, and cryptocurrency. Tokenexus offers very competitive spreads that start from 0.05 pips and zero commissions. It also has a zero-fee policy for both deposits and withdrawals, while there is also negative balance protection for added peace of mind. Tokenexus offers integration with the popular trading platform, MetaTrader 4 . The platform features a familiar, user-friendly interface and is generally easy to navigate and use. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.