broker

Tixee Review 2022

Updated:
4.2
Trust
3.9
Fees
3.5
Platforms and Tools
4.7
Customer Support
4.3
Tradable Instruments
4.1
Account Types and Terms
4.9
Deposit and Withdrawal
4.9
Research
5.0
Education
3.6
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Please note: This is a review of a Standard Tixee account opened with Pipbull Ltd., one of the several entities operated by the broker. We tested the features and performance of Tixee’s website, the desktop version of the Tixee WebTrader platform, and the mobile version of Tixee’s MT4 app.

Data was collected between the 23rd and 24th of May.

The Big Picture

Tixee is an international CFD broker with offices in South Africa, Cyprus, and Seychelles. Having operated for a little over one year, Tixee is a relative newcomer to the industry, asserting itself with its extensive and highly informative research materials.

The broker allows its clients to choose from its diverse assortment of account types, multiple tradable instruments, and an effective custom-built platform. On the other hand, Tixee’s charges are above the industry average. The broker holds licenses of tier-1, tier-2, and tier-3 regulators; the latter does not guarantee the highest possible level of protection. Another drawback is that Tixee’s website lacks essential information, such as information about Tixee’s charges,

Tixee Key Takeaways for 2022

  • We evaluated Tixee across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • Tixee scored very high in the Research, Account Types, and Deposit and Withdrawal categories because of its informative content and diverse solutions it affords traders.
  • The broker also performed well in the Platforms and Customer Support categories, even though there is more to be desired of Tixee’s customer support team and the help they can provide.
  • With regards to trust and stability, we found the broker to have performed averagely compared to the broader industry.
  • Tixee’s fees are high, whereas its educational materials have a rather limited scope. The broker’s scores in both categories suffered as a result.
  • Both beginner and experienced traders can find something appealing and practical in Tixee’s service, whether it be its excellent research materials or its easy-to-use platform. They need to carefully weigh Tixee’s pros and cons and determine whether the underlying conditions can satisfy their particular needs.

Who is Tixee For?

With its over 230 instruments, four account types, and three platforms, Tixee is best-suited to cater to the needs of newbie retail traders who need broad exposure to the market in order to develop resilient and consistent trading strategies.

Tixee’s Pros and Cons

Pros Cons
  • Excellent research content
  • Diverse account types
  • Multiple trading platforms
  • Predominantly stable and constant liquidity
  • High trading costs
  • Some regulations offer lower protections

 

broker

Your capital is at risk.

 

About the Author

Plamen Stoyanov
Personal Name: Plamen Stoyanov Author with FX Empire since March 2022 Education and Work Information Education: BA in Economy and International Relations
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
Tixee Main Features
☑️
Regulations
CySEC (Cyprus), FSCA (South Africa), FSA(SC) (Seychelles)
🗺
Supported Languages
English
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks
💹
Max Leverage
1:30 (CySEC), 1:500 (FSCA), 1:500 (FSA(SC))
📊
Trading platforms
MT4, MT5, WebTrader
💳
Deposit Options
Wire Transfer, Credit Card, Debit Card, E-wallets, zotapay
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Tixee Full Review

Trust

3.9
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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Tixee scored average in the Trust category as some of its licenses do not ensure the highest level of protection. The broker is also not perfectly transparent with its trading costs, as information on the website is not perfectly inlined with what is presented in the legal docs. We also found Tixee’s ‘About Us’ section superficial since it does not really say much about the people who run the company.

Tixee’s Regulations

In our reviews, we examine the licences and regulations of each entity operated by a broker. This allows us to compare each entity’s different levels of protection. We rank licences by various regulatory bodies on a three-tier system, where tier-1 licensing indicates the highest level of regulation.

Tixee operates three entities, and here is what we found concerning their licenses and regulations:

  • GVD KORIMCY LTD is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 411/22. CySEC operates within the framework of the Markets in Financial Instruments Directive (MiFID II) framework of the EU, earning it a status as a tier-1 regulator.
  • GVT KORIMZA (PTY) LTD is authorised and regulated by the Financial Sector Conduct Authority in South Africa (FSCA) under FSP number 49648. The FSCA is also a tier-2 regulator. The entity’s CIPC company number is 2017.257026/07.
  • Pipbull Ltd is authorised and regulated by the Financial Services Authority in Seychelles (FSA) under license number SD061. The FSA ranks as a tier-3 regulator on our system.
GVD KORIMCY LTD’s licensing information on cysec.gov.cy

We have summarised the most essential aspects of Tixee’s entities in terms of regulation and safety in the table below:

Entity Features Pipbull Ltd GVT KORIMZA (PTY) LTD GVD KORIMCY LTD
Country/Region Providence, Mahe, Seychelles Cliffdale, Durban, South Africa Limassol, Cyprus
Regulation FSA FSCA CySEC
Segregated Funds Yes Yes Yes
Negative Balance Protection Yes Yes Yes
Compensation Scheme No No Yes
Max. Leverage 1:500 1:500 1:30

Why Is It Important to Know Where Your Broker Is Regulated?

A broker may operate several entities, as is the case with Tixee, registered in different parts of the world. Being licensed by different regulators means that each entity’s overall level of protection may differ.

Regulators may or may not require brokers to comply with certain procedures depending on how strict the local financial framework is. In some regions, the legal requirements for brokers may be pretty loose. That is why traders need to be aware of such regulatory discrepancies.

Here is a breakdown of the most important features traders need to look out for in a broker’s service in terms of safety and protection:

  • Segregation of client funds. Most regulators require brokers to keep their clients’ funds in separate bank accounts from the ones they use for their capital to avoid accounting errors. All of Tixee’s entities comply with this regulation.
  • Negative balance protection. This mechanism protects traders from losing more capital than what they have deposited into their accounts. The broker may automatically close any losing trades that threaten the account margin. Negative balance protection is ensured by all three of Tixee’s entities.
  • Compensation scheme. A compensation scheme protects clients against the credit risk of the broker and the possibility of it becoming insolvent. The scheme can reimburse clients should the entity face bankruptcy. Since GVD Korimcy Ltd operates within MiFID II, European clients of the entity are protected by the Investor Compensation Fund (CIF). Clients of Tixee’s other two entities are not liable for such protection.
  • Maximum Leverage. Trading with CFDs entails very high risk because of the leverage, which multiplies the profits generated by winning trades and losses incurred by failed ones. Hence, the bigger the leverage, the bigger the risk. Traders should always consider whether the leverage offered by their broker suits their goals and matches their means.

Is Tixee Safe To Trade With?

Out of the three entities of the company, we found GVD Korimcy Ltd, the entity headquartered in Cyprus, to be the safest one. That is so because it is authorised by a top-tier regulator and complies with MiFID II – one of the strictest regulatory frameworks in the world.

However, the entity was not accepting new clients at the time of our review. We contacted Tixee to inquire more about it and were told that GVD Korimcy Ltd should be able to start accepting new clients in August or September of 2022.

The broker’s other two entities – GVT Korimza (PTY) Ltd and Pipbull Ltd – are authorised by tier-2 and tier-3 regulators, respectively. This entails progressively looser regulatory oversight.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

The company has been active for a little over one year, and it employs 78 people, according to its LinkedIn page. Tixee’s ‘About Us’ section on the website is rather undetailed. It could be updated to include information regarding the management team and Tixee’s goals and vision, which would add to the website’s overall transparency.

We also found information pertaining to some of Tixee’s trading costs to be inconsistent. Traders browsing the website looking for information concerning Tixee’s commissions will be left with the impression that the VIP account is the only one that has a 6$ commission per traded Lot.

However, in the Client Agreement, it is stated that there is a commission payable when trading CFDs on futures and shares. Since no further clarity is provided, it is unclear whether this applies to all account types or only to the VIP account.

On the other hand, Tixee’s licensing and regulation information is easily accessible, clear, and detailed. The company is upfront about the regulators who authorise it, its licences, and its office locations. All of this illustrates Tixee’s high transparency concerning its legal information.

In summary, our findings indicate that Tixee can be regarded as having a good level of trust and stability due to the following factors:

  • One of its entities is licensed by a top-tier regulator (CySEC) and the other by a tier-2 regulator (FSCA).
  • Legal information is clear and easily accessible on the website
  • Has negative balance protection and segregation of client funds.

Fees

3.5
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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Tixee scored below average in the Fees category as its spreads are not very competitive, its swaps are high, and there is also an inactivity fee. Yet, Tixee’s deposits and withdrawals are free.

Tixee’s spreads are widely diverging from one asset class to another; some are competitive, whereas others are above the industry average. Tixee’s overnight rates are also quite high.

As regards the non-trading costs, Tixee does not charge anything on deposits and withdrawals, though third-party fees may apply.

There is also an inactivity fee of up to $10 on accounts that have been dormant for more than 12 months.

Tixee Trading Fees

Tixee Spreads

We tested the spreads on a Tixee Standard Account during the London open at 8am UK time and just after the U.S. open at 2.45pm UK time. These are the most actively traded times. The test was conducted on the 23rd of May 2022.

Instrument Live Spread AM Live Spread PM
EURUSD 1.2 pips 1.3 pips
GBPJPY 2.2 pips 2.0 pips
Gold (XAUUSD) 37 pips 33 pips
Crude Oil 0.06 pips 0.06 pips
DAX 40 1.5 basis points 1.5 basis points
Dow Jones 30 6.2 basis points 6.2 basis points
Apple 0.82 points 0.82 points
Tesla 4.35 points 4.00 points

Tixee’s spread rates vary greatly across instruments from different asset classes. The most competitive quotes can be found on gold and GBPJPY, which may be to the liking of niche traders who typically follow one or two instruments. On the other hand, shares and indices appear to be quite expensive.

It is also interesting to point out that Tixee’s spreads tend to remain more or less the same throughout the day. This underscores stable and constant liquidity, which is beneficial to traders as it mitigates the risk of slippage.

Tixee’s Swap Rates

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full contract (100,000 units) of the base currency.

Instrument Swap Long Swap Short
EURUSD Charge of $3.8 Charge of $1.1
GBPJPY Charge of $2.1 Charge of $2.5

Tixee Non-Trading Fees

The broker charges an inactivity fee of up to $10 for all accounts on which no trading orders have been placed for a period of 12 months or longer. On the other hand, there are no fees for deposits and withdrawals.

Are Tixee’s Fees Competitive?

Overall, the competitiveness of Tixee’s fees stacks below the industry average. However, this is not the case when trading with specific instruments, such as FX pairs and some metals. We found Tixee’s spreads on those to be quite low.

The competitiveness of Tixee’s fees depends on the current state of the market. Because the broker obtains its liquidity from external providers, such as banks and financial institutions, its spreads and swaps are bound to fluctuate. And at times when the general market uncertainty is elevated, and volatility is heightened, Tixee’s costs are also likely to rise.

Platforms and Tools

4.7
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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Tixee incorporates several platforms, including its own Tixee WebTrader platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Traders are treated to a rich collection of trading tools, indicators, and other features on the desktop version of Tixee’s WebTrader platform, earning the broker a high mark in this category. We also found the mobile version of the MT4 app to possess a sufficient number of tools.

Tixee allows traders the freedom to choose the platform that best fits their trading styles and matches their needs. MT5 has an easy-to-navigate interface with multiple indicators and tools, and it is a worthy successor to MT4, which remains the most popular platform to this day.

For our review, we chose to examine Tixee’s WebTrader platform, which has several advantages over the other two alternatives. However, it should be mentioned that people interested in copy trading and automated trading can access those options only through MT4 or MT5.

Since the custom-built WebTrader platform is only available on desktop devices, we evaluated the mobile version of Tixee’s MT4 app. It also has a fair amount of tools and indicators, though not as many as the desktop version.

Tixee’s Webtrader Platform

Tixee’s custom platform

General Ease of Use

The platform’s design is pretty common in the industry, meaning that traders should get used to it quickly and without much difficulty. There is a watch list on the left-hand side, and traders can populate it with their favourite trading instruments.

They can find vital information, such as account balance, free margin, and so on, on the top of the screen. Then there is the chart situated in the middle and the one-click execution button at the bottom.

Tixee’s market hours feature

What we found particularly useful is the market hours tool positioned at the very bottom of the platform, outlining the overlappings of the Asian, European, and U.S. sessions. By showing the time remaining until the open/close of the next session, traders can make more informed decisions. They can decide when to join or exit the market based on anticipated upsurges and downsurges in trading activity.

Charts

The webtrader platform’s charts are fluid and can be populated with multiple indicators. At the same time, the price action does not get obscured easily with each additional indicator.

Here is a list of the essential tools and features of the chart:

  • Trading indicators. Tixee’s platform has a wide variety of indicators, currently at 116. These consist of oscillators, stochastics, trend and range-based indicators, moving averages, etc. These can be used to study a particular aspect of the price action, thereby affording traders a great degree of flexibility to conduct probing technical analyses.
  • Drawing tools. The platform also has 37 drawing tools that can be used to project periodically repeating patterns on the price action. This allows traders to forecast potential upcoming breakouts, breakdowns, and consolidations. Some of the more popular drawing tools incorporated include the Gartley pattern, Fibonacci retracement levels, and Elliott Wave cycles.
  • Timeframes. The platform also has 9 different timeframes, and traders can examine the scalability of the price action from different perspectives. The timeframes range from 1 minute to 1 month.
  • Chart types. The price action itself can be represented in 7 different ways: as a line, using candles, bars, volume candles, and more. The 9 timeframes and 7 chart types thus allow traders to examine the scope and nature of price action from multiple various angles.

Orders

Tixee’s platform includes the most widely used and practical order types, such as:

  • Market orders. The most popular of the bunch, market orders are used for immediate entry at the best possible price (the closest to the current spot level). They are used whenever traders need guaranteed volume execution, though there could likely be discrepancies between the desired execution price and the price level at which the order gets filled.
  • Limit orders. Limit orders guarantee entry at a specific price level different from the current spot, though there are no guarantees that they will be filled. For instance, a trader might place a buy limit order 30 pips above the current EURUSD spot price. Unless the price action rises by 30 pips from the time the order was placed it will not get filled, and therefore no trade will be opened.
  • Stop orders. Stop orders are commonly used to support an underlying position. They are placed at a specific level where, if reached by the price action, the stop order would transform into a market order, which gets filled at the best possible price. Notable examples include stop-loss and take-profit orders, which are placed at a distance from the initial entry price level. The former is used to limit the potential losses of a running trade, whereas the latter collects the running profits already generated by the trade at a specific level.

Tixee’s MT4 Mobile App

We chose to review Tixee’s MT4 app because of its popularity amongst traders. It contains some of the most essential trading features, making analysing price action on a small screen device a little less challenging. The mobile app is an invaluable asset whenever a trader has to manage his positions while on the go.

The mobile versions of MT4 and MT5 are available on Android and iOS from Google Play and the App Store, respectively. They run on smartphones and tablets.

We conducted our test on an Android device using Tixee’s MT4 app.

General Ease of Use

The app consists of 6 distinct categories: “Quotes”, “Charts”, “Trade”, “History”, “News”, and “Messages”. It is easy to navigate between the six and find your way around since the design of MT4’s structure is on such a high level. The most important task of a trading app is to afford traders the possibility of making quick adjustments to their running positions when needed, and Tixee’s MT4 delivers on this.

 

The watch list of available instruments on Tixee’s MT4 platform (left), the chart (middle), and the news section (right).

Charts

These are the essential tools and features of MT4’s mobile version:

  • Chart types. Traders can choose how to represent the price action from 3 different options. Those include: as a bar chart, candlestick, or line.
  • Indicators. Unlike the desktop version of Tixee’s webtrader platform, which incorporates 116 trading indicators, MT4’s mobile app has 30. Still, these are quite enough as trading apps, in general, are inherently unsuitable for studying price action.
  • Drawing tools. The app has 24 distinct drawing tools, including the most popular ones, such as the Fibonacci expansion, retracement and channel, Elliot corrective and motive waves, Gann fans, and others.
  • Timeframes. Traders can choose from 9 different timeframes.

Orders

Here is a list of the most important trading order types that are available on Tixee’s MT4 app:

  • Market orders. They guarantee immediate execution at the best possible price (around the current spot price). There could be a discrepancy between the requested price and the exact level where the order gets filled.
  • Limit orders. A limit order guarantees precise execution at a specific price level, though it may not get filled if the price action does not reach this prespecified execution level.
  • Stop orders. Stop orders are usually used to support a primary position. They are placed at a specific price level where, if reached, the stop order would transform into a market order. The market order then gets filled at the best possible price. Notable examples include stop-loss and take-profit orders.

Tradable Instruments

4.1
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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Traders can choose from 238 instruments from different asset classes, striking a fine balance between quantity and diversity. The broker scored average in this category because all instruments can be traded exclusively as CFDs. There are no bonds, options, ETFs, or other complex variations.

Tixee’s available commodities and indices exceed the industry average, while the number of FX pairs and commodities is moderate. Given what we found concerning Tixee’s diverging spreads, traders with different styles and account balances can choose which instruments to pick from the 238 available based on the associated costs and the time it takes them to execute an order.

For instance, intraday traders can take advantage of the wide range of available currency pairs to speculate with minor price fluctuations in the short term. Position and day traders, in contrast, can use Tixee’s commodities and indices to construct complex positions aiming to catch much bigger price swings.

What are CFDs?

Traders use contracts for difference (CFDs) to speculate on the price of the underlying without physical delivery. In other words, you can trade with the price of gold, for instance, and profit as it rises and falls without having to buy or sell actual bars of gold. One of the biggest advantages of trading with CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price action of the underlying.

What Can You Trade With Tixee?

You can choose from 238 tradable instruments from different asset classes on all Tixee account types, including:

  • 60 currency pairs
    • Majors, minors and exotic
  • 10 commodities
    • Metals, agriculture and energy
  • 146 stocks
    • HK, U.S. (Nasdaq)
  • 10 indices
    • Major and minor
  • 12 cryptocurrencies
    • Major and minor

More than half of Tixee’s instruments are CFD stocks, the majority of which, however, have above-average spreads. There are many FX pairs and commodities with diverging spreads, affording beginners and small retail traders more flexibility. Meanwhile, less risk-averse traders and those with bigger account balances can exploit the 20 indices and cryptocurrencies.

Forex Commodities
EURUSD, GBPUSD, GBPJPY, EURCAD Gold, Crude Oil, Natural Gas, Coffee
Stocks Indices
BAC.US, MS.US, GM.US, AAPL.US, NVDA.US DE40, AUS200, STOXX50, FR40, US500
Cryptocurrencies
Bitcoin, Ethereum, Ripple, Litecoin

Customer Support

4.3
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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Tixee received a slightly above-average mark in the Customer Support category. Customer support is available 24/5 via several different methods. It does not take long for a satisfactory response to a basic query to be provided. However, Tixee’s support team seems to struggle when pressed with more complex issues.

Tixee Customer Support Test

When we evaluate the feasibility of a broker’s customer support, we pay attention to the time it takes for a particular query to be resolved and whether the answer provided is informative and exhaustive.

We conducted our test on the 24th of May at 10 am CET by clicking on the live chat button that can be found on the bottom-right corner of the website. It should be mentioned that the live chat option is currently unavailable on tixee.eu (GVD Korimcy Ltd).

Tixee can also be reached via the other two contact options. Traders can get in touch with Tixee’s customer support by phone, email, or by requesting a call.

We got in touch with Tixee on two separate occasions. The first time, we asked a fairly simple question regarding the availability of swap-free trading, also known as an Islamic account. Even though our question was answered almost instantaneously, no additional information was provided despite our request.

Our chat with Tixee’s customer support

The second time we reached out to them was to inquire more about the inconsistency of information, as mentioned in the ‘Stability and Transparency’ portion of our review, pertaining to Tixee’s costs. The agent seemed confused and aloof when we pushed for additional clarification. Eventually, he stopped responding altogether before a satisfactory answer was provided.

Our conversation with Tixee’s team concerning their trading costs

Deposit and Withdrawal

4.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Tixee scored highly in this category because it has multiple deposit and withdrawal methods and does not charge any fees for either. It also works with a lot of processors, affording traders many alternatives to choose from.

Tixee Deposit Methods

Method Currency Processing Time Fees
Credit/Debit Card EUR, USD, GBP Instant Free
Wire Transfer EUR, USD, GBP Instant Free
PayR EUR, USD, GBP Instant Free
ZotaPay USD, IDR, VND, MYR, KHR, KES, ZAR, BIF, RWF, UGX, ZMW, GHS, TZS, XAF, PHP, LAK, MMK, THB Instant Free

Tixee Withdrawal Methods

Method Currency Processing Time Fee Minimum Withdrawal
Credit/Debit Card EUR, USD, GBP Up to 48 hours Free 10
Wire Transfer EUR, USD, GBP Up to 48 hours Free 50
PayR EUR, USD, GBP Up to 48 hours Free 10
ZotaPay USD, IDR, VND, MYR, KHR, KES, ZAR, BIF, RWF, UGX, ZMW, GHS, TZS, XAF, PHP, LAK, MMK, THB 3-5 business days Free 50 USD

In addition to the deposit and withdrawal methods listed in the two tables above, there are 18 alternative options clients of the broker can choose from. You can see a complete list of the e-wallets available here. This vast array of deposit and withdrawal options is available to traders working with Pipbull Ltd and GVT Korimza (PTY) Ltd, the two entities based in Seychelles and South Africa.

Meanwhile, www.tixee.eu, which services GVD Korimcy Ltd, does not yet have a corresponding deposit and withdrawal page listing the processors available with the European entity. Additional information is likely to become available when the entity starts accepting new clients, which, as Tixee’s customer support team told us, is likely to happen in August or September of 2022.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

See More

The Account Types and Terms is one of the sections in which Tixee performed quite well, earning a very high score compared to the broader industry. The limited range of available base currencies does not diminish the feasibility of the broker’s four account types and the possibility of swap-free trading.

Tixee offers four main account types – “Entry”, “Standard”, “Premium”, and “Vip”. Those differ in their minimum deposit requirements, maximum leverage, spread rates, available support, and corresponding rebate bonus.

Tixee’s rebate bonus

The broker offers a rebate bonus of up to $10,000. The bonus equals 30% of the deposited amount on an Entry account, 50% on a Standard account, 70% on a Premium account, and 100% on a VIP. The rebate bonus is per traded volume deposited into the account; it is also available for withdrawal. You can find additional information here.

Why Is Choosing the Right Account Type Important?

Even though trading may appear to have a singular goal, being consistently profitable is no simple task, and there is no single path to success. There are different types of traders with drastically different styles and strategies who need equally diverse tools to succeed. Therefore, it is vitally important to choose a type of account that best matches your short-term and long-term goals, as well as your means.

When looking for the best option in terms of, for instance, costs, traders often have to choose between accounts with low spreads but high commissions or accounts with no commission but higher spreads. In Tixee’s case, this type of discrepancy can be observed between the Standard and VIP accounts. The right decision would ultimately be predicated on a trader’s strategy and approach to order execution. They have to consider certain aspects of their systems, such as expected volume-per-trade and frequency of order execution they plan to have.

What Account Types Does Tixee Offer?

Account Features Entry Standard Premium VIP
Min. Deposit $250 $2500 $10,000 $50,000
Commission No No No $6 per Lot
Spreads From 1.5 pips 1.2 pips 0.8 pips 0 pips
Max. Leverage 1:500 1:500 1:400 1:200
Rebate Bonus Rate 30% 50% 70% 100%
Trading Ideas No Yes Yes Yes

Tixee has four main account types, all of which can accommodate swap-free trading (Islamic accounts). The Entry account has the lowest minimum deposit requirement, making it the most accessible of the bunch. However, trading CFDs on low-balance accounts entails huge risks of its own because even slight changes in the price action have a proportionately bigger impact on the free margin.

In addition to the high spreads and high maximum leverage, the drawbacks of the Entry account are compounded by the fact that it does not include trading analyses by Trading Central.

The subsequently increasing barrier to entry of the other three account types is offset by a proportionate decrease in their corresponding spreads. This trend culminates in the VIP account, where the minimum deposit requirement is at its highest while the starting spread rates are at their lowest. However, there is a commission of $6 per traded Lot on this account type.

What is CFD Leverage?

The leverage is the most significant determinant of market exposure when trading CFDs. It bolsters the account balance, allowing traders to execute bigger-sized positions. By leveraging your account balance, you gain additional market exposure that increases your profits from your winning positions and the losses you incur from your failed trades.

As an example, suppose you were to open a Premium Tixee account and fund it with $10,000. With a maximum leverage of 1:400, your total market exposure will be $4,000,000 (10,000 x 400).

Tixee Account Opening Process

We have listed the steps necessary to take in order to set up and verify an account with Tixee below:

  • Step 1 – When on the website’s main page, click on the “Get Started” button that can be found on the top-right corner of the page. This action will take you to a new form where you need to fill in your personal information, such as names, email address, country of residence, and phone number.
  • Step 2 – You can then choose whether to request a call from their customer support team or access your new account. Meanwhile, information regarding your account will be sent to the email address you have provided.
  • Step 3 – You can now access the dashboard of your account and browse around or proceed to fill in the rest of your details. You will be asked to provide information regarding your employment history, estimated annual income, estimated net worh, savings and investmetns, what is your source of wealth, how much you expect to deposit over the next 12 months, what is your purpose of trading, and what is your trading experience.
  • Step 4 – Next, you need to verify your account, which can be done by uploading a photo of either a passport, ID card, or driving license. Information regarding what kinds of photos are accepted is provided at the bottom of the page.
  • Step 5 – Finally, you need to provide proof of address. A photo of a document showing your billing address has to be uploaded; it can be a bank statement, a utility bill, or other.

 

Tixee’s registration form

Tixee’s Demo Accounts

You can open a demo account once you have set up a live account for yourself. The demo account serves as the broker’s business card; it shows its services to the client in a risk-free environment. Another advantage of the demo account is that traders can use it to test and tweak the parameters of their trading strategies.

Tixee Supported Countries

Tixee’s supported countries differ between its entities. Tixee.com, which is managed by Pipbull Ltd and GVT Korimza (PTY) Ltd, does not accept clients from the EU, U.S., Seychelles, Canada, and North Korea.

Tixee.eu, which is managed by GVD Korimcy Ltd, is meant to serve traders from the EU. However, at the time of our review, the entity was not accepting new clients.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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The biggest advantage of Tixee is its extensive and diverse research materials, which is why the broker was awarded a perfect score in this category. Traders can rely on Tixee’s frequent market breakdowns, informative technical analyses, excellent third-party content and webinars.

Tixee’s various types of research materials help traders develop a balanced overview of the latest market developments, which is necessary in order to conduct probing fundamental analyses. This is made possible by Trading Central’s excellent content. Tixee’s well-balanced assortment of research content makes it suitable for beginners and experienced traders alike.

 

Tixee’s news entry

Research Tools

Tixee’s research content is separated into 6 distinct categories:

  • Trading Central Analysis. This third-party content is available on your Tixee dashboard and it can be fully integrated on MT5. Traders are provided with regular breakdowns of current trading opportunities. Those breakdowns examine the behaviour of the price action and underpin the most crucial support and resistance levels.
  • Live Market Reports. This type of video content covers the New York Stock Exchange, focusing on the major market movers on a daily basis.
  • Economic Calendar. The economic calendar represents a brief overview of the potentially most important trading events during the week, based on their anticipated impact.
  • Financial Market News. Frequent and informative, Tixee’s market breakdowns are very helpful. The news section is labelled “Newsfeed” on tixee.eu, though it is updated a lot less frequently. The last material there was posted nearly two months ago.
  • Insights. The insights section consists of broad articles that focus on more general topics, such as “How to Trade Bitcoin”, “Is Social Trading the New Era of Trading”, and so on.
  • Webinars. The most abstract of the bunch, Tixee’s webinars delve deep into the peculiarities of niche trading topics. In conjunction with the insights, the webinars are intended to provide readers with a wider perspective on the intricacies of trading.

 

Technical breakdown by Trading Central

Education

3.6
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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Tixee scored below average in the Education category because its content is focused entirely on the technical side of trading without paying attention to the fundamental and psychological aspects. Even though traders can learn how to read charts and price action from Tixee’s educational course, they cannot rely on it for more.

The educational course can be accessed via the Tixee dashboard, and it has three separate categories. These are “Basic Building Blocks”, “Interpreting Charts”, and “Trends & Key Levels”. Each category, in turn, consists of several topics in video format. Those are practical and easily digestible.

Most attention is paid to technical analysis and how to read price action, though no discussion is had of the peculiarities of the psychological and fundamental types of trading analysis.

We found the quizzes that follow each lesson particularly useful, allowing traders to revise what they have just read. Tixee’s educational course is suitable for newbies and seasoned traders, however, it is not all-encompassing.

 

Tixee’s educational course

The Bottom Line

Tixee was established a little over a year ago, making it a relative newcomer to the industry. In this short time, the broker has established three entities serving international traders. At the time of writing, the newest one – GVD Korimcy Ltd – has had its CySEC licence for only several months, and it is yet to start accepting new clients. This is expected to happen in August or September this year.

The broker excels in its highly instructive research materials that afford readers a 360-degree overview of the latest market developments. Tixee also offers a decent amount of trading instruments and has a practical platform with an easy-to-use interface that is especially suited to cater to the needs of beginners. It also has diverse account types and a wide array of deposit and withdrawal methods.

As regards its drawbacks, one of Tixee’s entities – GVT Korimza (PTY) Ltd – is licensed by a tier-3 offshore regulator. The broker’s trading costs also exceed the industry average, and the educational materials are narrowly focused solely on the technical side of trading.

On balance, there is still more to be desired from Tixee. Yet, it certainly has a lot of potential for future growth.

FAQ

Where is Tixee based?
Tixee has offices in Seychelles, South Africa and Cyprus.

Is Tixee safe?
Tixee’s entities that are based in Seychelles and South Africa – Pipbull Ltd and GVT Korimza (PTY) Ltd, respectively – are authorised by tier-3 regulators. The safest entity of the broker is GVD Korimcy Ltd, which is licensed by CySEC

How does Tixee make money?
Via the spreads and commissions it charges its clients per executed order.

Is Tixee good for beginners?
Tixee’s extensive research content and instructive educational materials are both good for beginners. They can also benefit from the broker’s versatile account types.

How do I deposit in a Tixee account?
Clients of Tixee can choose from 23 different deposit methods, including credit/debit cards and wire transfers.

What is the minimum deposit for Tixee?
The minimum deposit with which traders can start with Tixee is $250 on an Entry account.

How do I withdraw money from Tixee?
Traders can use the same 23 methods that are available for deposits.

How long does it take to withdraw money from Tixee?
Most withdrawals take up to 48 hours. However, transactions processed via AVOpayments, Zotapay and Transact365 usually take between 3-5 business days.

What is the maximum leverage in Tixee?
The maximum leverage is 1:500 available on Entry and Standard accounts.

How do I open an account with Tixee?
By clicking “Get Started” on the main page and following the instructions.

What platforms does Tixee offer?
Tixee uses MT4 and MT5, it also has its own custom-built webtrader platform.

Does Tixee offer a demo account?
Yes. It is available after you set up a live account for yourself.

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See Tixee Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
South Africa
Foundation Year
2020
Regulations
CySEC (Cyprus), FSCA (South Africa), FSA(SC) (Seychelles)
Publicly Traded
No
Number Of Employees
46
Trading platforms
MT4, MT5, WebTrader
Restricted Countries
United States, Canada, North Korea, Seychelles
Supported Languages
English
Max Leverage
1:30 (CySEC), 1:500 (FSCA), 1:500 (FSA(SC))
Deposit Options
Wire Transfer, Credit Card, Debit Card, E-wallets, zotapay
Withdrawal Options
Wire Transfer, Credit Card, Debit Card, E-wallets, zotapay
Cryptocurrencies
Bitcoin, Litecoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
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