Tixee Review - Pros & Cons Revealed

Editor’s Verdict

tixee is a copy trading-focused broker founded in 2020, which offers a proprietary web-based trading platform and mobile app. It claims to cater to a trader base of 155K+ traders from 115+ countries, and it shines with its choice of payment processors, including localized methods for its core markets. Given the renewed growth catalyst for copy trading, my tixee review evaluated the trading conditions at this broker. Should you consider copy trading at tixee?

Overview

tixee is a copy trading broker with 155,000+ traders and dozens of payment processors.

tixee Five Core Takeaways:

• Proprietary copy trading service and trading platform
• Trading recommendations by Trading Central
• $10 minimum deposit
• High trading fees with a lack of transparency
• No algorithmic trading

tixee Regulation & Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by double-checking the provided license with their database. tixee has two regulated subsidiaries.

Is tixee Legit and Safe?

My tixee review found no misconduct or malpractice by this broker, but a rise in accusations of fake positive reviews, dropping PricewaterhouseCoopers as their auditor, and no longer offering MT4/MT5 show a series of backward steps. Therefore, tixee is a legitimate broker, but I advise treating them with extreme caution given recent developments.

tixee regulation and security components:

• Regulated by the CySEC in Cyprus and the FSA in Seychelles
• Founded in 2020
• Segregation of client deposits from corporate funds
• Negative balance protection
• Two-step verification
• Rise of fake positive reviews

What would I like tixee to add?

I would like it if tixee offered an investor compensation fund to all traders, not just for EEA-based clients under the CySEC subsidiary. It could provide equal protection to all via membership with the Hong Kong-based Financial Commission, which includes third-party audits and a €20,000 compensation fund per claim. A third-party insurance package would further enhance protection, as this broker lacks operational longevity.

Fees

I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. tixee lacks overall price transparency, but from available data, it has high trading fees except for its VIP account, which features a competitive commission-based pricing environment but requires a $20,000 minimum deposit.

During my tixee review, the minimum spreads in the accounts its core traders can afford to fund were between 1.3 and 1.5 pips or $13.00 to $15.00, commission-free. The commission-based Raw account lists minimum spreads of 0.0 pips for a commission of $7.00 per round lot. While it is competitive, average spreads were 0.4 pips when tixee offered MT4/MT5, resulting in above-average trading fees. Unlike many brokers, tixee increased its trading fees over the past two years.

tixee does not levy internal deposit or withdrawal fees, but third-party payment processing costs or currency conversion fees could apply. During my tixee review, I found no mention of any inactivity fee.

The minimum trading costs for the EUR/USD at tixee are:

The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Noteworthy:

• tixee lacks transparency concerning swap rates.
• I find the absence of any mention of this fee unacceptable and a red flag.

tixee Trading Hours

Range of Assets

The asset selection at tixee suffices for copy traders and offers a decent balance covering five sectors. The absence of ETFs is the most notable missing asset class. While tixee does not cover any sector in depth, it presents many of the most liquid assets. During my tixee review, I found the 143 equity CFDs, focused on liquid US and EU blue chip stocks, the best choice, in line with what many copy traders prefer to follow.

tixee offers trading in the following asset classes:

• 58 currency pairs
• 7 cryptocurrency pairs
• 8 commodities
• 5 indices
• 143 equity CFDs

tixee Leverage

What should traders know about leverage at tixee?

• Maximum retail Forex leverage is 1:1000.
• tixee does not provide detailed leverage information.
• Non-Forex assets usually have less leverage.
• Negative balance protection ensures traders cannot lose more than their deposit.
• Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

Account Types

tixee offers four account types, but only three are within range of its core trader base. The commission-free accounts, Standard and Premium, feature expensive trading fees, while the commission-based Raw alternative comes with reasonable costs but is not competitive.

Overall, the tixee account structure follows a dated and backward approach. The expensive account types deny beginner traders the beneficial services while offering them to traders who do not need them. For example, a strategy course is unavailable to all traders, except VIP clients, who would benefit from lower trading fees rather than unnecessary services.

During my tixee review, a swap-free Islamic account was not available.

The account types at tixee feature:

• USD, EUR, and GBP as account base currencies
• Maximum leverage of 1:1000
• Stop-out levels between 10% and 30%

tixee Demo Account

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Therefore, I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.

What stands out about the tixee demo account?

• Demo accounts are available, with a default of $10,000 for its web-based trading platform upon registration.
• Demo accounts have no expiry as long as traders use them.

Trading Platforms

tixee does not offer the MT4/MT5 trading platforms anymore. Traders can use two web-based trading platforms or the tixee mobile app. A basic charting package and one-click trading are available, but neither provides a cutting-edge trading solution. It may suffice for copy traders, but during my tixee review, I could not confirm how copy trading at tixee works, as it fails to detail it. The only reference is to copy trading via MT4 and MT5, which tixee no longer offers.

The WebTrader and Simple Trader are lightweight, web-based alternatives with the design and functionality of platforms used in the now-defunct binary options scene. They are user-friendly, easy to use, and ideal for beginner traders who rely on manual trading. Both trading platforms include a sentiment indicator based on client positions.

Overview of Trading Platforms

Unique Features

Regrettably, the unique features during my tixee review were negative. Tixee no longer offers MT4/MT5, increased its trading fees, no longer pays performance fees to signal providers, dropped its auditor, lost one regulatory license, and became less transparent.

Research & Education

tixee stopped providing research in 2022 but continues to show the sections on its website. It may plan to re-launch them in the future. Traders with a $500 minimum deposit get Trading Central services.

What about education at tixee?

tixee does not offer education, but beginners can download four e-books. Some quality educational content is also available under its Insights section, which is part of its News & Analysis service. It features well-presented content but lacks an organized approach.

My conclusion:

• I recommend beginners seek in-depth education from third parties, focusing on trading psychology and the relationship between leverage and risk management.
• Avoid paid-for courses and mentors.

Customer Support

tixee offers 24/5 customer support. Traders can reach a customer support representative through e-mail, phone, or WhatsApp. The FAQ section is limited, and tixee does not describe its products and services well.

Live chat is ideal for non-urgent matters, while phone support remains best for pressing issues, like potential problems with financial transactions. tixee heavily relies on contacting clients via its tixee assistants and tixee experts, which draws parallels to the binary options industry.

Bonuses and Promotions

No bonuses nor promotions are offered.

Customer Support Methods
Support Hours	24/5
Website Languages	EN ES AR ZH TH Other

Opening an Account

During my tixee review, I always received an error message when attempting an account registration. I tried for four days without any success. The “Oops, Sorry about that” message on a blue screen is all I received from tixee.

What should traders know about the tixee account opening process?

• tixee complies with global AML/KYC requirements.
• Account verification is mandatory.
• Uploading a copy of a government-issued ID and one proof of residency document satisfies account verification for most traders.
• tixee may ask for additional information on a case-by-case basis.
• A tixee assistant will call traders following the application, and traders may receive weekly calls from tixee experts.

Minimum Deposit

The tixee minimum deposit requirement is $10, but I recommend depositing the required $500 for the Raw account to trade with reasonable trading fees.

Payment Methods

tixee accepts Bank wires, credit/debit cards, Skrill, Neteller, Virtual Pay, Online Naira, Airtel, M-Pesa, eazzypay, MTN, Tigo Pesa, Vodacom, Orange Money, EcoCash, Airtel Tigo, Vodafone, Equitel, Malitel, TeleCash, PayR, DragonPay, PayTrust, ZotaPay, Transact 365, AO Pay, and Dive Pay.

Withdrawal options
Deposit options

Accepted Countries

tixee does not provide a complete list of accepted or restricted countries but lists US, EU, Seychelles, Canada, and North Korea residents as restricted.

Deposits and Withdrawals

The secure tixee back office handles financial transactions for verified clients.

What are the key takeaways from the tixee deposit and withdrawal process?

• tixee does not levy internal deposit or withdrawal fees.
• EUR, USD, GBP, INR, VND, THB, MYR, IDR, PHP, KHR, KES, ZAR, BIF, RWF, UGX, ZMW, GHS, TZS, XAF, LAK, MMK, and CNY are accepted deposit and withdrawal currencies.
• The minimum deposit and withdrawal amount is $10.
• Deposit and withdrawal processing times range between instant and five business days.
• tixee processes withdraw requests within two business days.
• The availability of payment processors may depend on the geographic location of traders.
• The name on the payment processor and tixee trading account must match in compliance with AML regulations.
• Traders may face third-party payment processing charges or currency conversion costs.

Is tixee a good broker?

tixee is a copy trading-focused broker with 155K+ traders from 115+ countries, but it has gone backwards since 2022. It stopped offering MT4/MT5, either lost or voluntarily gave up one regulatory license, dropped or was dropped by its auditor, and increased its trading fees. It stopped updating its website content in 2022 and cancelled payments to its signal provider. The increase in fake positive reviews is another red flag. Therefore, I advise traders to exercise caution if considering tixee as a broker.

FAQs

How do I withdraw money from tixee?

Verified traders can withdraw money from tixee via 26 payment options, including bank wires, credit/debit cards, Skrill, Neteller, and numerous localized alternatives for its core markets across Africa, Asia, and Latin America.

What are the benefits of tixee?

Regrettably, tixee does not provide traders with any notable benefits.

Where is the company tixee located?

tixee operates from offices in Seychelles and Cyprus.

Is tixee a regulated broker?

The FSA and the CySEC regulate tixee.

Is tixee safe to use?

tixee is a regulated broker, but I must point out the regression of the trading environment over the past 24 months. Every trader should assess if they feel safe using tixee.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.