Tokens Note: reviews, offer overview and terms

Intermediary services: the truth behind the Tokens Note brand

The company Tokens Note, presenting itself as an international broker, provides services in trading on various markets. The company’s promises sound appealing, however, client opinions turn out to be contradictory. We have checked the information about Tokens Note, studied the company’s official documents, and analyzed whether this intermediary can be trusted.

Registration and corporate status: insider information

Under the management of Amanda Group LLC, registered in Saint Vincent and the Grenadines, operates the brand Tokens Note. The parent company was only founded in October of the previous year, which indicates a recent establishment. Consequently, Tokens Note’s work experience leaves much to be desired, spanning only a few months. It is impossible to build a client base in a short time, especially on a global scale. Liquidity providers and insurance funds are reluctant to cooperate with green brokers from offshore zones.

The official website of Tokens Note supports several languages, but the intended geography of users is not traceable. The company’s primary activity is manifested in the domestic market according to client assessments. There are no offices or branches, only a mailing address in the registration country is provided. The global broker does not have an assigned phone number, as well as accounts in social networks or messengers. Only an email is listed, however, sending messages to it fails as there is no mailbox.

The organizers of this project strive to maintain anonymity. Information about owners or founders is not disclosed, and even registration is carried out through third-party intermediaries. It is not surprising that the brand owners wish to conceal their identities. A weak website, recent establishment, and complete invisibility vividly indicate a scam project.

Regulation in the registration and service provision territory

Saint Vincent and the Grenadines are not chosen randomly for the registration of such shady businesses. The state authority of the islands does not require obtaining a license and does not interfere in the affairs of such companies. The official stance of the government is that registered corporations can engage in any activity, but licenses are only mandatory for specific sectors (banks, insurance funds, etc.). All others remain outside the FSA’s control zone.

A broker cannot and should not operate without the regulator’s license. This document serves as a guarantee that the company has passed authorization and verification to conduct operations in the international market. Brokers deprived of licenses are in 99% of cases fraudulent projects. Tokens Note falls into this category.

State regulators promptly responded to client complaints and reviews, including blacklisting brokers and blocking their websites. Tokens Note is already blocked in Russia, and at the beginning of February, it was included in the register of organizations engaging in unlawful activities.

Account types and withdrawal conditions

The company offers traders a choice of five account types with different conditions regarding bonuses, spreads, support levels, and access to trading instruments. The minimum initial deposit is not disclosed, presumably it is discussed individually with each client based on their financial capabilities.

The website states that the company may offer a bonus to a new trader, and according to reviews, refusing such an offer is impossible. The conditions of the bonus policy are extremely strict, and this tool is used for a quick withdrawal of deposits by fraudsters. Some of the requirements outlined in the Tokens Note bonus policy include:

• the need to trade a minimum volume of the bonus amount divided by 4;
• complete all trading within accelerated timeframes, otherwise, by the end of 44 days, the entire bonus fund is annulled;
• in case the amount reaches a margin call, the trader must replenish the account again;
• until the requirements are met, the client is not allowed to withdraw funds, including their own.

Licensed brokers cannot impose bonuses on users, although scams like Tokens Note spread them everywhere. It is worth noting that for bonus funds, a credit leverage of 1:100 applies, which only contributes to a rapid depletion of the deposit. Even for an experienced trader, it is difficult to make any profit under such conditions, and for a novice, it is practically impossible.

Reviews of Tokens Note: what clients write

The organizers of the scam actively attracted clients and equally actively swindled them out of large sums. Below are examples of reviews describing the experience of working with Tokens Note.

Camouflaging fraud as trading

The company does not offer real trading on financial markets. The trading terminal that is provided after registration is merely a simulation of a trader’s cabinet. All transactions are carried out within a controlled platform, where administrators can easily reset any trading account with just a couple of clicks. All of Tokens Note’s trading activities are presented for naive beginners.

Based on reviews, the company does not bother users for long. Some managed to hold on for a week, some a little longer, but soon their accounts were blocked without explanation. If a client wishes to invest thousands of dollars, they are swindled a bit longer, allowing them to make a couple of successful trades. This allows scammers to convince trusting clients of their success and continue transferring money into their pockets.

Under the experts’ microscope: the opinion on Tokens Note

The company is not a broker but more of a kitchen project that lures clients with promises of easy profit. Tokens Note lacks a license, the company has been on the market for only a few months, and is already included in the black list of the Central Bank of Russia. The reviews only confirm that dealing with this entity is not advisable.