Choosing the perfect brokerage platform that suits your needs can be a daunting process. Perhaps the one you find after much deliberation doesn’t fit your budget. This can be disheartening. And most often, there are scams present all over the internet, we must be careful to not become victims.
We are going to investigate and research Tixee, a relatively new brokerage platform.
Tixee was set up in February 2021, right in the midst of the COVID-19 pandemic. Keep reading for a more detailed overview of what Tixee has to offer.
The Tixee Company- Legit or Scam?
Tixee set out to be ambitious in its aims with regard to investors and traders. With compliance with three different regulators in three different countries, Tixee wants to assure its critics that it is the real deal.
As you can see from the above, Tixee is regulated by:
- CySec (Cyprus) under GVD Korimcy Ltd
- FSA (Seychelles) under Pipbull Ltd
- FSCA (South Africa) GVT Korimza (PTY) Ltd
These regulatory licenses point toward Tixee’s legitimacy as a brokerage platform.
Also Read: 3 Best Books on Cryptocurrency Trading
The Tixee Platform
As you may already know, a brokerage house is only as good as its platform. Tixee offers two main platforms:
- Meta Trader 4
- Meta Trader 5
The Meta Trader 4
A world-famous trading platform with 44 analytical objects, 30 technical indicators, 9-time frames, 4 pending order types, and a single-click trading option. Featuring innovative algorithmic trading and a flexible trading system.
Meta Trader 4 allows access to powerful analytical tools with split-second auto trading along with market exposure mitigation tools.
The products available to trade with Meta Trader 4 are Forex, Indices, Stocks, Crypto, and Commodity CFD.
Real-time market news and analytical charts elevate your trading strategy on this platform which is web-based. A secured data connection with desktop and mobile versions of the platform offers secure access to your trades.
Meta Trader 5
This is the worthy successor to the Meta Trader 4 platform. A powerful interface powering even the most complex trading strategies.
Meta Trader 5 combines innovative trading tools for accurate pricing, and technical and fundamental analysis to automate your trading algorithms. The Meta Trader 5 allows the user to create their own defined indicators to better fit their own trading strategies or needs.
The Meta Trader 5 is available for Windows, Mac, iPhone, iPad, and Android.
Also Read: Chainndex Review – An Excellent Choice for Active Traders
Commissions and Fees
Tixee offers four different types of trading accounts and the spreads and fees vary accordingly.
Details |
Entry |
Standard |
Premium |
VIP |
Minimum Deposit |
$250 |
$2,500 |
$10,000 |
$50,000 |
Minimum Leverage |
1:500 |
1:500 |
1:400 |
1:200 |
Minimum Spread |
1.5 Pips |
1.2 Pips |
0.8 Pips |
0 Pips |
Tixee Pros and Cons
Naturally, no brokerage house can be perfect. Tixee also has its benefits and downsides which we have detailed below:
Pros |
Cons |
Negative Balance Protection |
Is not available in the USA, EU, Canada, Seychelles, and North Korea. |
Exclusive Educational Tools |
|
24/5 Customer Service |
|
Four Different Types of Trading Accounts |
|
An Award-Winning Platform |
|
The Tixee Account Opening Process
It is simple to get started with Tixee.
The first step is to register an account. This involves registering your name, email address, and mobile phone number.
Once your registration has been sent, you can request a callback or simply access your account to complete your investor profile.
Once your profile has been completed, the next step is verification. This is done via uploading two main documents:
- Government-issued photo identification such as a passport or driving license.
- Proof of residential address such as a utility bill or bank statement.
As soon as your account has been verified, you can fund it and start trading immediately.
Tixee also offers a demo trading account for the benefit of the risk-averse trader. You can test your strategies on the demo account before trying them in the real world.
Along with a demo account, Tixee also offers educational tools to allow investors to learn more about the asset classes they choose to trade.
Disclaimer: This is a sponsored marketing content.