Score

1.39 /10
Danger

Tokens Note

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.05

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Tokens Note · Company summary

General Information & Regulation

Tokens Note, a trading name of Amanda Group LLC, is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with a WebTrader, flexible leverage up to 1:500, variable spreads on 100 tradable financial products, as well as a choice of five different account types and 24/7 customer support service.

Market Instruments

Tokens Note advertises that it is a multi-asset platform with 100 trading instruments in financial markets, including currencies, precious metals, commodities, shares, indices, CFDs, cryptocurrencies, futures and forex options.

Account Types

There are five live trading accounts offered by Tokens Note, namely Classic, Silver, Gold, Platinum and Premium. However, the broker didnt reveal other specific information about account types, such as what is the minimum initial deposit requirement.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Classic or Silver account can experience leverage of 1:100, the Gold account with leverage of 1:200, the Platinum account with leverage of 1:400, and the Premium account can enjoy the maximum leverage of 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

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Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. Tokens Note reveals that the spread on the Gold account is up to 0.2 pips, the clients on the Platinum account with spreads no more than 0.3 pips, while the Premium account with spreads of 0.5 pips at most. All charging no commissions.

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Trading Platform Available

When it comes to trading platforms available, Tokens Note gives traders three choices: WebTrader, mobile and desktop versions. Whatever, we suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.

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Tools

Also, Tokens Note provides its clients with an Economic Calculator, whose interface seems to be quite simple and easy to use, just as the following screenshot shows.

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Deposit & Withdrawal

From the logos shown at the foot of the home page on Tokens Notes official website, we found that this broker works with Maestro, Visa, MasterCard, Bank Transfer, and e-wallets like China UnionPay, yet we cannot be sure if these payment options are all available.

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Bonuses

Tokens Note claims to provide its clients with some bonuses and clients of different account types can enjoy quite different maximum bonuses. In particular, clients on the Silver account can experience up to 10% bonus, the Gold account with up to 30% bonus, the Gold account with up to 50% bonus, while only the Premium account can enjoy the maximum bonus of up to 100%.

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Customer Support

Tokens Notes customer support can be reached by email: support@tokensnote.com, live chat or send messages online to get in touch. Company address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines, VC0100. However, this broker doesnt disclose other more direct contact information like telephone numbers that most brokers offer.

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Liew Ming How
more than one year
Don’t fall for them, worse nightmare ever. This is the worst service anyone would wish for. I got their service and on day 1 they blow my funding account of 20K within a few hours...
Don’t fall for them, worse nightmare ever. This is the worst service anyone would wish for. I got their service and on day 1 they blow my funding account of 20K within a few hours...
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2023-02-20 15:41
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Steve Smulders
more than one year
I was with Tokens Note and they scammed me. Prove it to yourself by trying to make a withdrawal. Before you do close all positions and if you have funds to withdraw try it. They will make some excuse as to why you can’t withdraw and try to turn it around to convince you to pay more money for some made up reason before the withdrawal will process. The excuse given me was the transaction is stuck on the blockchain nad I need to deposit money for it to free up.
I was with Tokens Note and they scammed me. Prove it to yourself by trying to make a withdrawal. Before you do close all positions and if you have funds to withdraw try it. They will make some excuse as to why you can’t withdraw and try to turn it around to convince you to pay more money for some made up reason before the withdrawal will process. The excuse given me was the transaction is stuck on the blockchain nad I need to deposit money for it to free up.
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2022-11-15 13:00
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