A Detailed Tixee Broker Review

Tixee Broker Overview

Founded in 2021, Tixee is a Cyprus-based online broker offering to trade in a wide range of CFD assets, including forex, commodities, indices, stocks, cryptocurrencies, and ETFs. They are licensed by FSA (Financial Services Authority) and FSCA (Financial Sector Conduct Authority).

It offers the MetaTrader 5, MetaTrader 4, and Copy Trading platforms. The maximum leverage on forex is 1:500. The minimum deposit is 10 EUR/USD/GBP, and the base currencies are EU, GBP and USD. Customer support is available 24/5 in multiple languages.

With them, you can also easily trade on many CFDs on cryptocurrencies. With more than 220+ tradable instruments, it has one of the most impressive asset indexes in the industry. You can trade on major cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc.

In this comprehensive review, we will take a closer look at their features and offerings.

Safety information

Tixee is a licensed and regulated. The FSA (Financial Services Authority) is the primary regulator. The FSA is a reputed financial regulator that imposes strict rules and regulations on its licensed entities.

They have implemented all the necessary measures to ensure the safety of client funds. Client funds are segregated from company funds and are kept in Tier-1 banks. The client funds are never used for business purposes and are always available to withdraw upon request.

They offer negative balance protection, in which you will never lose more than your balance. Moreover, this multi-asset broker has implemented robust SSL encryption to protect client data from potential cyber threats.

In addition, they've implemented KYC (Know Your Customer) and AML (Anti Money Laundering) policies to ensure that only legitimate clients are allowed to open an account and trade with them. Overall, it is a safe and secure.

Fees details

When it comes to the fee structure of the company, they don't charge any deposit or withdrawal fees. They also charge no inactivity fee. Compared to others, the fee structure is quite competitive.

They do not charge a fee for the withdrawal, but the banks may charge a small amount for processing the transaction. They also do not charge an inactivity fee, which is quite suitable for long-term investors or traders.

You must pay a commission if you opt for the VIP account. The common is $5 per lot, which is quite competitive.

Spreads fee

The Spread fee is something you need to consider with any broker. It offers tight spreads starting from 0.1 pips on major currency pairs like EUR/USD, GBP/USD, and USD/JPY. The spreads on other currency pairs are also quite competitive.

The spreads here are floating, meaning they will change according to the market conditions. When the market is more volatile, the spreads will be higher. You can take advantage of the low spreads during stable market conditions aiming to make some potential profits.

Compared to others, the spreads are pretty competitive and let clients save on their costs.

Swap fee

When you keep a position overnight, you will have to pay a small fee, a swap or rollover fee. The swap fee is calculated based on the interest rate differential of the two currencies involved in the trade.

For example, if you are long on EUR/USD, you will be charged a small fee because the interest rate in the Eurozone is lower than in the United States. Similarly, if you are short on EUR/USD, you will earn some interest because the interest rate in the US is higher than in Europe.

The swap fee is usually very small and almost negligible. However, if you hold a position for a long time, the swap fees can add up and eat into your profits.

Deposit and withdrawal options

Both deposit and withdrawal methods are essential for any online broker. After all, you need to be able to deposit and withdraw money quickly and easily. They offer a wide range of methods to choose from.

You can add money into using credit/debit cards like VISA and MasterCard. You can use e-wallets like Skrill and Neteller. If you prefer, you can also make a bank transfer.

The minimum deposit amount is 10 EUR/USD/GBP, and the processing time is quite fast, and it only takes a few minutes.

Regarding withdrawals, the process takes around two business days which is faster than many others. You can withdraw money using the same methods. They also offer international SWIFT wire transfers for withdrawals.

Overall, the deposit and withdrawal process are relatively fast and easy, which is a great plus. In addition, there are no hidden fees or commissions charged.

Both deposit and withdrawal processes are protected with SSL encryption which keeps your money safe and secure. Moreover, as they are regulated, they perform KYC before processing any withdrawal request.

KYC ensures that the broker and customers are not used for money laundering or other illegal activities. So, you can be sure that the platform is secure from fraud or scams.

Negative Balance Protection

Negative balance protection, or NBP, is a feature offered by some brokers which protects from incurring any losses beyond their balance. In simple words, it means that your balance cannot go below zero.

This feature is beneficial for clients as it protects them from unforeseen events in the market, which can result in heavy losses. This feature is available for all account types. This is a great feature to have as it protects from making any big losses.

Negative balance protection is handy for clients who use leverage as it protects them from making any significant losses.

Tradable markets

It provide a wide range of tradable markets. You can trade CFDs on forex, commodities, indices, stocks, cryptocurrencies, and ETFs. As for forex pairs, the offer all the major and minor currency pairs, also on exotic currency pairs like EUR/TRY, USD/MXN, USD/ZAR, and GBP/JPY. On this note, let's look at all tradable markets of this multi-asset broker:

Forex

They offer 59 forex pairs. All the major currency pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD are available, also on popular minor currency pairs like GBP/AUD and EUR/GBP.

Moreover, you can trade exotic currency pairs like USD/SEK and USD/NOK. With floating spreads starting from 0.1 pips, some of the tightest spreads in the industry.

With leverage of 1:500, it is an ample opportunity to make some profits. For example, if you have $100 and use the maximum leverage of 1:500, you can trade up to $50,000. Also, you will have access to a wide range of analysis tools and indicators to make better-informed decisions.

Commodities

They offer ten commodities, including precious metals like Gold and Silver and energy commodities like Crude Oil and Natural Gas, also in agricultural commodities like soybeans, corn, and coffee.

Commodity trading is a popular way to hedge against inflation. When the prices of goods and services rise, commodities increase. It makes an excellent way to protect your wealth from inflation.

With flexible leverage options for commodities, you can take advantage of both rising and falling prices to make some profits.

Indices

It has ten indices, including popular indices like Dow Jones, S&P 500, and Nasdaq 100, also in European indices like FTSE 100, CAC 40, and DAX 30. The leverage for indices is flexible, allowing you to take advantage of both rising and falling markets.

Moreover, with the help of a demo account, you can test their strategies before investing real money. Overall, this multi-license offers a wide range of features to indices traders.

Stocks

The multi-license offers more than 150 stocks, including popular stocks like Apple, Amazon, Facebook, and Google. You can trade in European stocks like BMW, Daimler, and Volkswagen. The leverage for stocks varies based on your account, and it can go as high as 1:500.

With MT4 and MT5 platforms, it is a great experience to stock traders. You can use the Copy Trading platform to copy the trades of successful traders.

Cryptocurrencies

The platform have five CFDs on cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. You can trade in both rising and falling markets with leverage of up to 1:2.

Moreover, you can trade cryptocurrencies seven days a week. With the help of a demo account, you can test your strategies before investing real money. It offers a comprehensive research package to cryptocurrency traders.

Leverage details

The maximum leverage offeredis 1:500. This is considered to be a high leverage ratio, and it is only recommended for experienced traders who can handle the risks involved. Compared to others, it is a very competitive leverage ratio.

For example, if you have $400, you can trade up to $200,000 worth of currency pairs. However, we advise you to use leverage only when you are confident in your strategy and have a good risk management plan in place.

Trading platforms

It offers the MetaTrader 5, MetaTrader 4, and Copy Trading platforms. All these are available as desktop, web, and mobile versions. So, whether you're a beginner or an experienced trader, you will find a platform that suits your needs.

Let's look into all available trading platforms at this multi-asset broker:

MetaTrader 4

MetaTrader 4 is the most used MetaTrader platform in the world and is preferred by many professional traders. MT4 is a user-friendly interface, a wide range of technical indicators, and charting tools. You can also customize it to suit your style. MetaTrader 4 is available in desktop, web, and mobile versions. Some of the key features are:

• Advanced charting tools

• A wide range of technical indicators

• Customizable interface

• One-click trading

• Expert Advisors (EAs) for automated trading

MetaTrader 5

MetaTrader 5 is the latest version of the MetaTrader platform and offers more features than MT4. It is suitable for both professional and beginner traders. MT5 lets you trade in multiple asset classes, including stocks. MetaTrader 5 is available in desktop, web, and mobile versions. MT5 has all the features available in MT4, plus some additional features. These include:

• Advanced order types

• Enhanced technical analysis tools

• More timeframes

• Object-oriented programming language MQL5

Social Trading

It is a copy-trading platform that lets you copy the trades of successful traders. With this, you can choose to follow any number of traders and mirror their trades in your own account. This is available in web and mobile versions. The key features are:

• Copy the trades of successful traders
• Choose from a wide range of traders to follow
• Mirror trades in your account

Web Trader

The Web Trader is the web-based trading platform offered by this company. Web Trader is simple and easy to use. It provides all the features available on the desktop version of MetaTrader 4. The key features of the Web Trader are:

• Advanced charting tools

• A wide range of technical indicators

• Customizable interface

• One-click trading

• Expert Advisors (EAs) for automated trading

Mobile App

Their mobile app is a powerful and convenient. The app is available for Android as of now. The key features of the Mobile App include daily signals, open and close position opportunities, and account information.

With their mobile app, you can access all the features available on the desktop version of MetaTrader 4. When it comes to access to tradable markets with their mobile app, they offer more than 220+ tradable instruments. These include CFDs on Currencies, Commodities, Indices, Stocks, Cryptocurrencies, and ET

Simple Trader platform

The Simple Trader is the ideal platform for beginners or clients looking for a sleek and quick-to-use with many features, such as one-click trading, various charts & time frames, and indicators.

It's a go-to app that clients can quickly learn and use without much experience. The interface is designed for those who want a more straightforward and user-friendly trading experience.

Customer support

They are offering multilingual support 24/5. You can contact the customer support team through live chat, email, or phone. They provide support in English, Spanish, Vietnamese, Arabic, German, French, Hindi, Indonesian, Italian, Malay, Polish, Russian, Thai, Turkish, Chinese Simplified, and Chinese Traditional.

You can contact the team via email, live chat, and phone. Their support staff is very friendly and helpful, and they are always willing to go the extra mile to help you with any issue you might have.

Research tools

The platform has various research tools and features, including technical analysis, market news, and more. Let's look at popular tools offered:

Technical Views

It offers you a comprehensive technical analysis of the markets with more than 50 indicators and charting tools. Using this tool, you can analyze the needs, identify trends, and make informed decisions.

Featured Ideas

This valuable tool gives you ideas and market analysis from top market analysts. This can be very useful for new and inexperienced traders who need some guidance in making decisions.

Trading Calculators

This is a handy tool that lets you calculate different aspects, including margins, pip value, and more. This can help you make more informed and accurate trading decisions.

Tixee in a nutshell

Tixee is a popular and well-regulated online broker whose headquarters are based in Cyprus. They are offering a wide range of assets, including forex, commodities, indices, stocks, cryptocurrencies, and ETFs. The maximum leverage on forex is 1:500. The minimum deposit is 10 EUR/USD/GBP, and the base currencies are EU and USD. Overall, This is an excellent choice for both beginner and experienced traders.

FAQs

What is the minimum deposit on this platform?

The minimum deposit is USD, EUR, and GBP 10.

What is the maximum leverage offered?

The maximum leverage offered is up to 1:500.

Do they offer a demo account?

Yes, they offer a full-fledged demo account.

Is the company regulated?

Yes, it is regulated. The company operates under Financial Conduct Authority (FCA) and FSCA (Financial Sector Conduct Authority).

What are the deposit and withdrawal methods available?

There are multiple deposit and withdrawal methods available, including wire transfers and credit/debit cards.

How to open your account?

You can open your account, by going to their website and filling out the online registration form.

Does this platform support MT4 & MT5?

Yes, they support both MT4 and MT5.

What are the spreads available on this platform?

The spreads start from 0.0 pips.

What is the minimum trade size?

The minimum size is 0.01 lots.

How to contact customer support?

You can reach out to their customer support via live chat, email, or telephone.

Do they offer educational content?

Yes, they offer a wide range of educational content, including an in-depth blog, market news, and various tools to help you trade successfully.

Can US residents open accounts?

As of now, US residents can't open an account.

How can I change my password on this platform?

You can change your password by going to the client portal and clicking on the "change password" button.

What account types do they offer?

They offer four accounts — Standard, Premium, Raw, and VIP.

Is this broker good for scalping?

They are suitable for scalping.