Pros & cons of Tixee

Tixee Fact sheet

When deciding to entrust your hard-earned money to an online-broker, it’s critical to make sure it’s safe to do so. But what can indicate how safe your broker really is? The biggest indication is the level of regulations under which it operates. 

tixee is authorized and regulated by various regulatory institutions. The complete list includes: 

• Cyprus Securities and Exchange Commission (CySEC)
• Financial Services Authority, Seychelles (FSA)
• Financial Sector Conduct Authority (FSCA)

Policies that tixee follows

tixee keeps client’s funds in segregated accounts and provides negative balance protection. Fund segregation is essential as it increases the safety and security of traders' deposits. Account segregation guarantees that even if tixee goes bankrupt, your funds will be safe, and you’ll be able to get your money back in case the company goes bankrupt. 

Negative Balance Protection guarantees that your account balance will never go negative, and even if it does, you can contact the customer support team and they’ll turn the balance to zero. CFD trading involves the use of leverage. Meaning that traders can use borrowed funds from their broker to increase their purchasing power. As a result, their positions might lose more money than what’s in their trading account. To counter this, tixee uses Stop Out levels. For each account type, there’s a different Stop Out level. 

• Standard account – 10%
• Premium account – 20%
• Raw account – 25%
• VIP account – 30%

When the free margin is used up, the broker closes your positions to prevent further losses. To avoid stopping out, it’s essential to always use a sensible position size. A position that uses too much margin in a highly volatile market is more likely to trigger stop-out orders. 

tixee provides its clients with around 221 tradable assets. The list includes Forex, commodities, indices, shares as CFDs, and cryptocurrencies. All the assets are CFD type, which means that they are best for price speculations. CFDs are short for Contract For Difference, and they are mainly used for short to medium-term speculating. For long-term investing, physical assets are preferred.

Forex trading on tixee

There are 58 available pairs for trading covering majors, minors, and exotics. Leverage goes up to 1000:1 for all account type holders. Trading fees differ based on the account type traders use. tixee offers both spread markup and commission account types. When trading FX pairs, the standard account offers 1.5 pips of markup and zero commissions. On a Premium account fees are even lower starting from 1.3 pips. Raw and VIP accounts do not have any spread markups, but they charge 7 USD and 5 USD commissions respectively. Keep in mind that major currency pairs are the most liquid and offer the tightest market spreads. 

Stock CFD trading on tixee

There are up to 143 stock CFDs to choose from with tixee. Stock CFD trading comes with various benefits compared to trading physical assets. The CFD market is more liquid and enables traders to short or go long, thus benefiting from prices going in any direction. When investors purchase physical assets, they try to buy low and wait for the price to go up in order to profit. Physical asset investors do not have the luxury of profiting from bear markets right away. On the other hand, physical assets are best for long-term investment due to lower long-term trading fees. 

With tixee, traders get the opportunity to speculate on Google, Amazon, Apple, AMD, etc. company stock prices. Keep in mind that Stocks are not always available, and you can only trade them during exchange open hours. The US stocks are the most popular and liquid, therefore offer the best trading opportunities. The Nasdaq and the NYSE exchanges are open from 9:30 a.m. to 4 p.m. Eastern time on business days, while the offered leverage for trading stocks goes up to 500:1. 

Indices trading on tixee

There are 5 major indices for trading with tixee. The list includes:

• US 30 or Dow Jones index
• US 500 or S & P 500
• UK 100 or FTSE 100 Index
• USTECH100CFD
• ESP35

Indices are a measurement of the performance of a basket of stocks in a particular trading market. For instance, the UK 100 index follows the performance of top British companies. The indexes can be traded as CFDs or used as an indicator of the health of certain industries/economies. 

Crypto CFD trading on tixee

There are 7 crypto pairs for trading with tixee. The list includes popular assets such as BTC/USDT, BTC/USDT, EOS/USDT, NEO/USDT, and XLM/USDT. Keep in mind that these are not actual tokens, these are CFDs. 

Trading crypto CFDs come with some benefits. Firstly, traders do not have to worry about crypto wallets and issues related to cashing out. The CFD market is more liquid with much better spreads. What’s more, traders can go long or short and benefit from price moving in any direction. Furthermore, when trading cryptos as CFDs, traders can use leverage and increase their purchasing power. On the other hand, for investing in cryptos long-term, purchasing actual tokens is preferable. 

Commodity CFD trading on tixee

There are 8 major commodities for trading with this broker. Commodities are raw materials that can be grown or mined. Available markets include crude oil, gold, sugar, and so on. Commodity prices are influenced by global supply and demand. The higher the demand grows, the more the price will likely increase, and vice versa. Even if you do not plan on trading commodities, keeping an eye on how they perform can help you to trade currency pairs. Some currencies are highly correlated with certain commodity prices, such as the Canadian dollar, Australian dollar, and New Zealand dollar. Canada is a major exporter of oil, and changes in oil price impact the value of the Canadian dollar. 

Every trader has different needs. Some need lower spreads, while others prefer lower commissions. Some trade more frequently than others and some position trade. In order to meet the needs of various trader types, tixee offers four account types: Standard, Premium, Raw, and VIP. Let’s discuss each in detail to find out which fits you best. 

Pros & cons of tixee account types

tixee Demo Account

There’s a free-of-charge Demo account available for traders to learn on or test some trading strategies. Demo trading is critical for the development of novice traders. They learn how to use the trading platform, how to place orders, and how to read indicators in a risk-free environment. A Demo account is not only beneficial for beginners but for seasoned traders as well. Professional traders demo trade to test and improve their trading strategies. 

tixee Standard Account

The Standard account is the most basic live account. The minimum initial deposit required to open this account is only 10 USD. The spreads start from 1.5 pips, which is higher than average. On the upside, there’s no commission. There’s up to 1000:1 leverage available and the Stop Out level is 10%. This account type is for traders that are short on funds or are planning to test their strategies in a small live account.

tixee Premium Account

In order to open a Premium account, at least 100 USD is required. The account charges traders a 1.3 spread markup, and there are no commissions that need to be paid. Leverage goes up to 1000:1. However, it should be noted that high leverage is very dangerous, especially for novice traders. Most beginners stick with 50:1 or 30:1 leverage with highly regulated brokers to limit risks. The Standard and Premium accounts are made for position traders that place fewer orders and spend more time planning their trades.

tixee Raw Account

The Raw account type is best for high-frequency traders as there are no spread markups. However, traders will be charged a 7 USD commission per lot traded. In addition, the account holders have an opportunity to get a private monthly session with an educational specialist. To open the Raw account, which is the most popular, a 500 USD minimum initial deposit is required. 

tixee VIP Account

Opening the VIP account requires a 20k USD minimum initial deposit. There’s 0 spread markup, 1000:1 leverage, a 30% stop-out level, and a 5 USD commission per lot traded. However, opening this account is not affordable for many traders due to the high initial investment required. 

Getting started on tixee – Main steps

In case you have decided to open a trading account with tixee, we’ll guide you through the entire process in detail.

There are a couple of steps to take to register and start trading. 

Step 1: Open an account

The first thing to do is to open the broker’s main page and press the orange GET STARTED button in the top right part of the page. You will be transferred to the registration page. Registration and opening an account is easy, just follow the instructions and provide the broker with valid personal information. 

Step 2: Time to verify your account

After registering and choosing the account type that you want, the trading platforms you prefer, and entering all the other details, it’s time to verify your account. The broker requires proof of identity and proof of residence documents. Both documents can be copied using a scanner or can simply be digital photos taken from your smartphone. Keep in mind that the information needs to be clearly visible. Being verified will give you full access to your account, including the ability to withdraw funds and manage the account better. 

Step 3: Make your deposit and start trading

The final step is to make a deposit and start trading. Keep in mind that credit card deposits are instant, but bank transfers might take 3-5 business days. There are multiple funding options, including Visa, Mastercard, Skrill, Neteller, bank transfer, Dragonpay, Virtual Pay, OnlineNaira, UPI, XPAY, XanPay, airtel, MPESA, EazzyPay, MTN, TigoPesa, Vodacom, OrangeMoney, EcoCash, PayTrust88, PayR, TeleCash, and Malitel. As you can see there is a significant number of payment methods to choose from.

Trading fees with tixee are average. What’s great about this broker is that it offers both spread-free and commission-free account types. While it is true that the spreads are starting from 0, there are commissions on spread-free accounts.

Comparing tixee fees with other brokers

There are no inactivity or funding fees with this broker. Let’s compare fees with other brokers to get a better idea. To make the comparison fair, we’ll take the Premium account fees that have 1.3 pip spread markup as a comparison to other broker accounts. 

tixee fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

tixee fees compared to eToro fees

tixee fees compared to IG fees

tixee fees compared to XM fees

tixee fees compared to AvaTrade fees

tixee fees compared to Capital.com fees

tixee offers MetaTrader 4, MetaTrader 5, and tixee Simple Trader to its clients. The MetaTrader platforms are well-known by traders as most other brokers are offering them also, and they are highly praised for being reliable. MT4 is for currency trading and MT5 is built for trading various asset classes including stocks, commodities, cryptos, indices, and FX pairs. 

The tixee simple trader is built by the broker. There are mobile and web trading versions of the platform. The platform is more modern looking than MetaTrader platforms, however, when it comes to performance, MetaTrader platforms are superior. 

tixee offers mobile versions of all trading platforms, including MetaTrader mobile and tixee Simple Trader mobile apps. The app is available for both Android and iOS users. Mobile platforms keep traders in touch with the markets. They come in handy in emergency situations and are great for monitoring trades. In addition, it is possible to open or close orders using mobile, however, it is not recommended to analyze the markets using mobile as typically a larger screen is needed for comprehensive market analysis. 

Quality education is critical for the development of novice traders. tixee offers access to various research and educational content, including:

• Financial Market News
• Insights
• Live Market Reports
• Media Center
• Economic Calendar
• Trading Central Analysis
• e-Books
• Glossary

tixee provides traders with 24/5 customer support. The webpage is available in six languages and the customer support team is highly trained and very friendly. Traders can contact the broker via email, live chat, or over the phone. 

To sum everything up, tixee is a multi-asset broker that offers 4 account types: Standard, Premium, Raw, and VIP. The broker is authorized and regulated by the CySEC, FSA, and FSCA. There are 221 assets to trade, which include Forex, commodities, indices, shares as CFDs, and cryptocurrencies. Trading fees depend on the account type you choose. The minimum initial deposit required to start trading with tixee is just 10 USD. The available platforms are MetaTrader 4, MetaTrader 5, and tixee Simple Trader. Leverage goes up to 1000:1. All-in-all, tixee is an average broker that can be a great choice for traders.