Under the name tixee is a brokerage company offering online CFD trading on various asset classes such as currency pairs, stocks, cryptocurrencies, indices, and commodities. The company claims to operate globally, serving more than 155,000 active traders. tixee offers access to social trading and claims to focus on transparency, simplicity, and innovation. It requires only USD 10 to open a Standard account and offers several types of accounts and trading platforms.
“tixee” is a trading name of Pipbull Ltd, which is authorized and regulated by the Financial Services Authority in Seychelles (FSA) under the license number SD061. In addition, tixee is a trading name of GVD KORIMCY LTD that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 411/22. The website tixee.com is operated by Pipbull Ltd.
tixee notes that the client’s funds are kept in separate accounts and negative balance protection is provided, which is a requirement of the European body ESMA. Having a customer account ensures that even if “tixee” goes bankrupt, the customers’ funds (or part of them) will be recovered. On the other hand, negative balance protection ensures that your account balance will never go negative, and you will not owe funds to that company. CFD trading involves the use of leverage, which means traders can use more funds than they have available to increase their buying power. This increases the risk and likelihood of losing more money than their account balance.
The brokerage offers over 200 instruments for online trading, divided into currency pairs, commodities, indices, stocks, and cryptocurrencies. All assets are CFD type, which are recommended for short to medium term investments.
There are 58 currency pairs available including majors, minors, and exotics with a maximum leverage of 1000:1. The Standard account offers a minimum spread of 1.5 pips and zero commissions. For a Premium account, the spread starts at 1.3 pips. Raw and VIP accounts offer the tightest spread but charge USD 7 and USD 5 commissions respectively. The tightest spreads are on the major currency pairs, which are also the most liquid. The other types of currency pairs have significantly wider spreads.
Over 140 CFDs on shares are available for trading. The advantage here is that CFD share trading allows you to open short positions by taking advantage of periods of falling prices. Short- and medium-term investments with stock CFDs are recommended. The leverage offered for stock trading reaches up to 500:1.
There are 8 major commodities to trade which include crude oil, gold, sugar etc.
There are 5 major indices available for trading including US 30 or DJIA, US 500 or S&P 500, UK 100, or FTSE 100, USTECH100 or NASDAQ 100, ESP35 or IBEX 35.
There are 7 CFDs on cryptocurrencies to trade with tixee. The list includes popular assets like Bitcoin, Ethereum and others: BTC/USDT, BTC/USDT, EOS/USDT, NEO/USDT and XLM/USDT.
tixee offers four account types: Standard, Premium, Raw, and VIP.
The minimum initial deposit required to open a Standard Account is only USD 10. Spreads on major currency pairs start at 1.5 pips and there is no commission. The leverage can reach up to 1000:1 and the Stop Out level is 10%. The company recommends this type of account for traders who do not have enough funds or plan to test their strategies in a real environment.
A minimum of USD 100 is required to open a Premium account. Spreads on major currency pairs start at 1.3 pips and no commissions are charged. The leverage reaches up to 1000:1, which significantly increases the risk of loss. The company recommends this type of account for traders who place fewer orders and spend more time planning their trades.
The Raw account type is best suited for high-frequency traders because there are no spread markups, the company claims. However, trades will be charged a commission of USD 7 per lot traded. To open the Raw account, which the company claims is the most popular, a minimum initial deposit of USD 500 is required.
Opening a VIP account requires an initial investment of USD 20,000. Quotes are without spread markup, leverage reaches 1000:1, stop-out level is at 30%, and commission is USD 5 per lot traded.
tixee offers several trading terminals including MetaTrader 4 (MT4), MetaTrader 5 (MT5) and tixee Simple Trader. MetaTrader platforms are well-known and highly rated as reliable. MT4 is designed for currency trading and MT5 for trading various asset classes including stocks, commodities, crypto, indices and currency pairs. Simple Trader is tixee’s proprietary platform, available as a mobile and web version. tixee WebTrader provides a wide selection of trading, analytical, strategy tools as well as numerous indicators.
Various deposit and withdrawal methods are available. These include Visa, Mastercard, Skrill, Neteller, Bank Transfer, Dragonpay and more. Those made with credit/debit cards are instant, and bank transfers may take 3-5 business days. There are no inactivity or funding fees with this broker.
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