Tokens Note allegedly thrives to “establish a global brand, ensuring customer’s profitability, success, and happiness.” However, the company is offshore and provides unregulated trading conditions. Therefore, we’re unsure how it can help anyone but itself succeed. Read our unbiased Tokens Note broker review, we’ve elaborated on all the issues.
Moreover, you can increase your trading knowledge by reading our DaxGlobe, EUFM and Victoria Coins unbiased reviews.
| Broker Status: | Offshore Scam Broker |
| Regulated by: | Unlicensed Trading Company / No Regulation |
| Scammers Websites: | TokensNote.com |
| Operating Status: | Active Forex Trading Scam |
| Blacklisted as a Scam by: | N/A |
| Broker Owner: | Amanda Group LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation Year: | 2021 |
| Online Trading Platforms: | WebTrader |
| Mobile Trading: | Available via Web Browser / No Mobile App |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Up to 100% |
| Crypto Asset Trading: | Available |
| CFD Trading Option: | Yes, you can trade CFDs |
| Available Trading Instruments: | Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies / Futures / Options |
| Maximum Leverage: | 1:500 |
| Islamic Account: | Not Available |
| Free Demo Account: | No, only live trading accounts |
| Accepts US Clients: | Yes |
| Global Fraud Protection Experts’ Verdict: | Don’t Invest in This Scam Broker! |
Is Tokens Note Regulated? – Why Does It Matter?
Tokens Note broker is a brand owned by Amanda Group LLC, registered in Saint Vincent and the Grenadines. And while we have to admit that this time the firm does exist and is registered with the FSA, there’s a slight problem with the Tokens Note regulation.
The FSA of SVG declared itself unauthorized for Forex and binary options firms and instructed these companies to opt for a license in the country of service.
Does the Broker Have a Tier 1 Trading License?
Since this is an FSA directive, we’ve checked Tier1 registers. Yet, we haven’t found the broker Tokens Note with FCA, ASIC, BaFin, or any other license providers. It means this firm is another illegal offshore Forex and CFD trading provider.
Where Is Tokens Note Trading Scam Active?
According to our review, the Tokens Note trading scam is mainly active in:
- Spain
- Australia
- Latvia
- US
- Canada
How Do Scammers Contact Their Victims?
Scammers have different ways of contacting their customers and potential clients. If you’re an existing prospect in their database, you can expect all kinds of emails and WhatsApp messages.
The broker will send you fake promotions, phishing links, and big promises. Anything that might be attractive enough for you to invest money or upgrade your current account.
Besides, you will receive constant phone calls, especially if you haven’t deposited anything yet. You may be called a few times a day, and it doesn’t matter how many numbers you block, scammers will always find a new line to use.
If you haven’t submitted your personal details yet, you may be approached via Facebook, Instagram messages or even dating apps.
Real Tokens Note Reviews – Avoid This Broker Scam
You may be aware that some scam companies are writing fake reviews on websites such as Trustpilot, creating fake accounts on this platform. However, it’s all in the beginning. After a while, real customers start writing genuine reviews, and their ratings slowly decrease.
For example, if you check the latest Token Notes reviews, you’ll notice that all of them are negative, despite the broker’s rating as great.
Here’s just one example:
“Everything seems great until you want to withdraw your money…I was immediately treated as the enemy, told I was being difficult, laughed at etc. My funds are still pending and they told me they had put a hold on them. I have blocked all their numbers as I will never deal with them again.”
– Trader Andris, Latvia
In addition to the above, we recommend that you avoid unregulated brokers, such as Tradiso, FinoTrend or FCTrading. Think twice before investing your money in them!
What Trading Platforms Are Available? – Trading Software
While the broker created a whole section called Instructions & Trading Platforms, we were pretty disappointed. The only Tokens Note trading platform is WebTrader, and we honestly believe there are no special instructions necessary. It’s a simplified platform with several charts, indicators, and unregulated trading conditions.
For example, the leverage goes up to 1:500 for the Forex market while the EU and UK regulators set a limit of 1:30 or 1:50.
Investing with Tokens Note Forex broker can only lead to losing your funds, and that’s not something you want. It’s better to find a legitimate company with MT4 or MT5 software.
Mobile Trading App – Trade On The Go
The only good thing is that Tokens Note login is enabled via the mobile app for Android and iOS. Yet, the app is related to WebTrader, so don’t hope for any special trading tools.
What Products Does Tokens Note Offer? – Trading Assets
Tokens Note offers a relatively wide range of trading instruments, including:
- Currency Pairs (Forex)
- Commodities
- Indices
- Shares
- Cryptocurrencies (Cryptos)
- Options
- Futures
Tokens Note Trading Accounts – Demo & Real Accounts
There are 5 Tokens Note account types, but the information is incomplete:
Classic Trading Account
Silver
Gold
Platinum
Premium
These differ in the leverage since Classic starts at 1:100 for the Forex market, while Premium goes up to 1:500. Also, Tokens Note bonuses are higher with each account type, while the spread is lower.
As you can see, the Tokens Note minimum deposit is not disclosed, so we consider this list incomplete and insufficient.
Demo Account – Risk-Free Environment
There is no Tokens Note Demo account, so clients will have to deal with the Live one right away.
Tokens Note Withdrawal Methods – How To Withdraw?
Tokens Note lists several withdrawal methods:
Debit / Credit Cards
Electronic Payment Solutions
Wire Transfer
UnionPay
The minimum amount for withdrawals is $50, but if you pay attention to the Terms and Conditions, you will conclude that getting the money back is virtually impossible.
As a result, if you have received any bonuses, you cannot withdraw your funds unless you have a turnover of the bonus amount divided by 4, in lots. It practically means that if you have received a $1,000 bonus, you will have to repay 250 lots equal to $25 million. All of that within 60 days.
Now you understand that this firm will do whatever it can to prevent you from withdrawing your funds, including fabricating reasons to put your funds on hold and freezing your trading account.
Scammed By Tokens Note Broker? – Start the Chargeback Process
Don’t go desperate if you find yourself a victim of the Tokens Note scam.
Schemers are more and more advanced, and they have ways to lure people. However, you need to start the refund process right away. Instead of letting fraudsters run with your hard-earned money, start the procedure of getting your money back.
Contact us via online chat for a FREE consultation, and upon evaluation, we will present you with all the ways to recover your money. Note that time is of utmost importance, so let’s act now!
