Tokenexus is an online exchange platform that mainly focuses in cryptocurrency trading, boasting over more than 20 financial instruments to trade. It was established in Estonia in 2018, making it one of the youngest cryptocurrency brokers out there.
It boasts several top-tier liquidity providers such as Shapeshift, which allows the online broker to automatically tracks over 50 exchanges online for the best rates for its traders.
The broker claims to offer competitive prices and conditions that allow its client base to trade in safe and favorable trading conditions. In addition, it also claims to provide its clients with robust portfolio management tools, industry-leading technology, a wide array of order types, market-making incentive programs, and cutting-edge security.
However, looking at Tokenexus customer reviews, there seems to be few mixed comments around the internet. In order to see if there is any weight to any of this, we will take a brief look at some of the features and services that this online brokerage provides and see if it does hold up to its reputation or not. In addition, we will investigate into its history to see if the broker is a safe choice for traders.
Tokenexus Customer Reviews
Before we look our review, one thing that will be apparent is the lack of any Tokenexus reviews. A lot of third-party websites do not have much information on the broker, with many of the positive comments appearing to be rather sketchy or planted.
However, this may not be the case as Tokenexus is rather new to the scene and may have to prove itself.
As with most online brokerages, Tokenexus is not exempt from claims of fraud and/or scam. With the lack of any review materials and user comments available, Tokenexus can be viewed as a questionable broker just with the lack of online presence.
However, looking at the broker with a fair light, we will briefly delve into how Tokenexus operates and what it offers.
Tokenexus: Services and Offerings
Keep in mind that clients residing in certain countries such as the United States, Japan, Belgium, and Belize may not be able to gain full access to its services due to legal restrictions.
• Trading Instruments
As previously mentioned above, Tokenexus offers over 20 financial instruments including popular cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.
• Bonuses and Promotions
As of writing this review, Tokenexus does offer any bonuses and promotions. However, as the broker is relatively new to the industry, it is most likely that Tokenexus may have some in the near future.
• Trading Platform
Tokenexus mainly incorporates the MetaTrader4 (MT4) trading platform by MetaQuotes. MT4 is one of the leading trading platforms in the industry, most notable for its easy-to-use interface, lightning-quick execution time, and flexible customizability. It features real-time market quotes as well as over 80 pre-installed technical indicators, charting tools, and automated trading options, to name a few.
It is available for desktop, web browser, and mobile for iOS and Android.
In addition, as of writing this Tokenexus review, the online broker has announced the release of its own proprietary trading platform as well as digital wallet.
• Payment Options
Payment options include credit/debit cards, and bank wire transfers. Deposits are usually processed within the same day, though it could take more if requests are done outside of business hours. Bank transfers usually take around five business days to process, while some options can take more.
There are no fees for deposits; however, bank processing fees may apply depending on which service has been chosen. Online payment services may charge additional fees for deposits or withdrawals.
Payment options also include third-party online services such as Paypal. Furthermore, payments and withdrawals can be made with other digital wallets online.
It must be noted that clients residing in the European Union, withdrawals with Euro as the base currency will have to make the transaction via SEPA.
However, most of the details listed above may often be subject to change. Therefore, for updated information, please look into the broker’s official website.
Tokenexus: Is it safe?
Safety and security are the two most important aspects that every online brokerage must look into. It protects its clients and assures that its operations have met with industry standards. Unfortunately, Tokenexus seems to lack any evidence of having proper regulations from authoritative entities. This would mean that any potential client could be a target for Tokenexus scammers due to a lack of jurisdiction.
According to its official website, Tokenexus is registered in Estonia with the registration number 14524008.
The exchange also complies with the Anti-Money Laundering Policy and Counter-Terrorism Policy (AML-CTF), as well as Know Your Customer (KYC) procedures, where clients have to present valid identification documents in order to detect and prevent any suspicious or fraudulent activity.
In other terms of security, Tokenexus keeps its clients’ funds in segregated accounts in order to prevent the online broker to use it for the company’s other obligations such as paying off debts, etc.
In the end of this Tokenexus review, it can be said that it is a relatively new cryptocurrency broker which means that it still has a long road ahead of it to prove to be successful.
Its offerings are rather small, though one thing that can turn potential clients away is the lack of any Tokenexus customer reviews which could make the decision-making rather difficult. However, most of the praise and popularity comes from either word-of-mouth, or from forum comments from around the internet.
One of the biggest downsides to Tokenexus is that it is not regulated by any authoritative financial entity, making the entirety of its client base prone to Tokenexus scammers. Of course, while there are not many incidents that tarnish the brokers reputation, there are other brokers that offer the same services and trading conditions but with proper regulation to boot.
Until then, Tokenexus provides decent cryptocurrency services with decent trading conditions.