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If you are looking for a reliable and trustworthy online broker, you might have come across Tixee.com. Tixee.com is a forex and CFD broker that claims to offer competitive trading conditions, fast execution, and a variety of trading instruments. But is Tixee.com a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of Tixee.com and help you decide if it is worth your time and money.
What is Tixee.com?
Tixee.com is an online broker that was founded in 2020 and is operated by Tixee Ltd, a company registered in St. Vincent and the Grenadines. According to its website, Tixee.com is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under license number 25989 BC 2020. However, this does not mean that Tixee.com is a reputable or safe broker, as the FSA is not a well-known or respected regulator in the forex industry. In fact, many scam brokers use offshore registration and regulation to avoid strict oversight and accountability.
Tixee.com offers trading in forex, commodities, indices, stocks, and cryptocurrencies through four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250, which is higher than the industry average. The leverage offered by Tixee.com ranges from 1:100 to 1:400, depending on the account type and the trading instrument. The spreads are variable and start from 0.1 pips for the Platinum account and 2.5 pips for the Basic account. Tixee.com also charges commissions on some trades, as well as swap fees for holding positions overnight.
Tixee.com provides its clients with access to the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used trading platforms in the forex market. MT4 offers advanced charting tools, technical indicators, automated trading systems, and a user-friendly interface. Tixee.com also has a web-based platform that can be accessed from any browser without downloading or installing any software. The web platform has a simple and intuitive design that allows traders to execute orders, monitor market movements, and manage their accounts.
Tixee.com claims to offer customer support 24/5 via phone, email, live chat, and a contact form on its website. However, we found that the live chat option was not working when we tried to contact them. Moreover, we noticed that the phone number provided by Tixee.com belongs to Bulgaria, which raises questions about the credibility of its offshore registration and regulation.
Is Tixee.com a Scam or a Legit Broker?
Based on our research and analysis, we have serious doubts about the legitimacy and reliability of Tixee.com. Here are some of the red flags that we found:
- Offshore registration and regulation: Tixee.com is registered and regulated in St. Vincent and the Grenadines, which is a notorious jurisdiction for scam brokers. The FSA of St. Vincent and the Grenadines does not have a good reputation or authority in the forex industry and does not provide adequate protection or compensation to traders in case of disputes or fraud.
- High minimum deposit: Tixee.com requires a minimum deposit of $250 to open an account, which is higher than the industry average and may deter potential clients who want to start with a smaller amount.
- High spreads and commissions: Tixee.com charges variable spreads that start from 2.5 pips for the Basic account and 0.1 pips for the Platinum account. These are not very competitive or attractive compared to other brokers who offer lower or fixed spreads. Moreover, Tixee.com also charges commissions on some trades, which can increase the trading costs significantly.
- Poor customer service: Tixee.com claims to offer 24/5 customer support via phone, email, live chat, and a contact form on its website. However, we found that the live chat option was not working when we tried to contact them. Furthermore, we noticed that the phone number provided by Tixee.com belongs to Bulgaria, which contradicts its offshore registration and regulation.
- Negative reviews: We searched online for feedback from other traders who have used Tixee.com and found mostly negative reviews and complaints. Many users reported that they had problems with withdrawing their funds, receiving poor service, facing technical issues, and being scammed by Tixee.com.
In conclusion, we do not recommend Tixee.com as a trustworthy or reputable online broker. We believe that there are many better alternatives in the market that offer more transparent, secure, and fair trading conditions. Therefore, we advise you to avoid Tixee.com at all costs and look for a broker that is licensed and regulated by a reputable authority, such as the FCA, ASIC, CySEC, or NFA.
What to Do If You’ve Lost Money with Tixee.com?
If you have been scammed by Tixee.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.