The post-covid period has seen many people spreading their incomes across different platforms and investment programs.
As a result, many brokerage companies with ranging offers came to life, one of which is the Tixee platform.
While some of these brokerage companies are credible, others are Ponzi schemes in disguise.
Today, we’d take a critical ride through the Tixee platform, its legitimacy, offers, pros and cons.
Let’s get into it, shall we?
What is Tixee and where is it located?
Tixee is a CySEC, FSA and FSCA licensed CFD broker with offices in 8A, Providence, Mahe, Seychelles and 132 Road D535 Cliffdale, Durban, South Africa.
Tixee’s Seychelles Support telephone is: +248 467 1942. Users, regardless of location can also email [email protected] for email customer support.
What Products does Tixee Offer?
Tixee offers CFD assets including forex, stocks, commodities, indices, cryptocurrencies, metals, and energies.
It’s worth noting that Tixee cryptocurrencies features more than 220 CFD assets to trade while providing free trading signals.
Furthermore, although Tixee caters to all traders and investors, it’s especially suitable for beginners without trading experience. This is because it has an educational segment on its website, which traders can learn from and acquaint themselves with the trade and market processes. The resources include;
- Trading Central Analysis
- Live Market Reports
- Economic Calendar
- Financial Market News
- Insights
The platform also features a demo account to familiarize new traders with the procedures before they invest their funds.
Languages Available on the Tixee’s Platform
Though the Tixee website is in English, there are 15 more languages including French, Arabic, Deutsch, Hindi, and Espanol.
Regulatory Bodies backing Tixee
Tixee is a licensed trading platform. It has the backing of three regulators such as the Financial Services Authority Seychelles (FSA), Financial Sector Conduct Authority (FSCA), and Cyprus Securities and Exchange Commission (CySEC).
These regulations emphasize the credibility of the platform. Let’s look at each regulatory body in brief;
Financial Services Authority Seychelles (FSA)
Tixee under Pipbull LTD is regulated by the FSA and the Republic of Seychelles with the license number SD061. FSA is a top offshore regulator that only regulates brokers with a minimum capital of $50,000.
In addition, the broker must have at least two shareholders and two directors guarantors residing in the country.
Financial Sector Conduct Authority (FSCA)
Tixee under GVT KORIMZA (PTY) LTD is regulated by the Financial Sector Conduct Authority in South Africa as a financial service provider with license number 49648.
Cyprus Securities and Exchange Commission (CySEC)
CySEC, a member of the European Securities and Markets Authority (ESMA) is a well-known global trading regulator.
Tixee platform under the company name GVD KORIMCY LTD is regulated by the CySEC with the license number 411/22.
Pros and Cons of Tixee
Pros
- It has a user-friendly interface and is easy to navigate.
- It offers ranging products.
- It’s accessible from mobile devices and desktops.
- It has a spectrum of educational resources.
- It has excellent customer service.
- Features MT5, simple trader, etc, to suit all levels of traders.
- It provides expert advice.
Cons
- Tixee isn’t accessible worldwide.
- The platform is still in its infancy stage.
- It doesn’t feature the MT4 trading model.
- Complicated withdrawal system.
Tixee’s Accounts and Fees
Each trading account has its minimum deposit fees on Tixee, which include
- The demo account is at a $0 fee,
- The entry account requires a minimum of a $250 deposit
- The standard account requires a minimum of $2500
- Premium account has a minimum of $10,000
- VIP’s account has a $50,000 minimum deposit.
With leverage from 1:500 to 1:200, depending on the account type; traders can choose any account currency suitable to their requirements and risk levels.
PS: Deposits can be also be made in equal currency unit of EUR or GBP.
Conclusion
Although the trading platform is still relatively new, it has promising offers, options, and tools that provide an interesting trading experience for all traders.
However, like all investments, ensure to DYOR before investing and always invest what you can afford to lose.
Any questions? Visit tixee.com or contact Tixee’s team by email at [email protected] and by phone at +248-467-1942.
