Tixee is a rare example of an offshore broker registering in Europe. Usually, it’s otherwise. Therefore, we were very interested in their operations.
Our in-depth Tixee review will cover everything, from licenses to available trading platforms and assets.
However, offshore licenses belong to a Tier 3 zone due to a lack of supervision. Companies under any offshore regulation are not obligated to keep clients’ funds in segregated accounts, limit leverage, or form a compensation fund.
While in the Tier 2 zone, CySEC follows the ESMA limit in terms of leverage. Hence it cannot exceed 1:30 for retail traders. Moreover, all Cypriot-based brokers must participate in the investor compensation fund with up to 20,000 EUR per account.
Let’s see what else we know about Tixee broker.
Tixee started its operation as an offshore broker, only to continue its path under the CySEC umbrella. What kind of impression the broker will leave is yet to be seen.
According to our research, the majority of Tixee customers come from:
SimilarWeb traffic report shows that the firm has had almost 100,000 visits during February 2023. Most were from Nigeria, Sri Lanka, and Cyprus, complying with our results.
Regarding the Tixee trading platform, the broker went a step ahead. Customers can choose between MT4, MT5, and WebTrader. Whether you want a desktop app, a browser-based solution, or a mobile app, you can find it here.
Both MetaTrader versions have millions of downloads. Users say they’re simple to navigate while allowing all trading strategies, various tools, and more. In addition to the standard range, Tixee supports social trading. Simply put, you can copy someone’s instead of planning the trading strategy yourself.
Besides, you can choose Tixee Simple Trader, their own app that should be simpler to use but with fewer tools included. It may be suitable for trading beginners exploring the market for the first time.
Another thing you should note is that this range of software is only available through their offshore entity. If you register with the Cypriot one, you can only trade on MT5.
You can download Tixee mobile app and use it on Android devices. However, iOS users seem not to have such a possibility. There’s only a link to the Google Play Store, which might be somewhat limiting.
Another thing that differs from one entity to another is the choice of tradable assets. Both branches offer access to four categories of instruments:
However, crypto trading is only enabled through an offshore entity, which is, again, a disadvantage.
The spread starts at 1.5 pips on the offshore entity, while on the CySEC one, it’s from 0.5 pips. Other commissions depend on the account type, starting from $5 per lot offshore, while there are no specifications for the EU.
Once again, Tixee trading accounts mainly depend on the entity.
Seychelles account types:
Besides the deposit, each account has a higher stop-out level, bringing more education and company assistance. The leverage is 1:1000 for all accounts, which is rather dangerous.
Cyprus account types:
As you can tell, the initial deposit is significantly higher here. The leverage is limited to 1:30, with no other visible differences.
Oddly enough, the Tixee Demo account is not available. The broker doesn’t offer access to a risk-free account, meaning you must invest first.
While it’s a pretty fine deal offshore, as the company requires $10, it might be an issue for those wishing to register on the CySEC entity. Investing $500 without testing the broker system is not something anyone is willing to do.
Depending on the entity, the company accepts different payment options. If registering offshore, you can use the following for Tixee withdrawal:
Electronic payment solutions are excluded for the Cypriot entity, leaving cards and bank transfers. The company doesn’t charge any fees, but we’ve seen some Tixee reviews where customers have mentioned payout issues.
To summarize, Tixee is an offshore brokerage firm with an EU entity. The company offers more perks to its users offshore, including more platforms and tradable assets. Additionally, the minimum deposit varies from $10 to $500, depending on the entity.
If you experience any issues with this or any other online broker, contact Global Fraud Protection. Our chargeback experts may be able to assist with the matter and help you recover your funds. Don’t waste time; book your free consultation today!
Tixee is an offshore broker with a Cypriot entity. In case you have any trouble with the firm, we’ll be more than happy to look into your matter.
Tixee broker offers its own mobile app for Android users, while we haven’t found links for iOS.
Tixee didn’t mention any trading bonuses, but if offered, ensure you read T&C first.
Tixee is an offshore broker with a Cypriot entity. In case you have any trouble with the firm, we’ll be more than happy to look into your matter.
Tixee broker offers its own mobile app for Android users, while we haven’t found links for iOS.
Tixee didn’t mention any trading bonuses, but if offered, ensure you read T&C first.
The post Tixee Review 2023 – From Offshore to Regulated Broker under CySEC appeared first on Global Fraud Protection.
