The COVID-19 pandemic brought a standstill to our lives for the past two years. Most people faced job losses and depleting savings. For many, there was nowhere to go to increase their existing savings pot and bank interests were too low over elongated periods.
During the pandemic, a number of savers turned to online trading platforms to invest their savings and build a reliable income stream. Similarly, identifying a gap in the market, many trading and brokerage houses made their debut online.
One such trading platform is Tixee, and we set out to investigate a key question you might have: Is Tixee Legit?
What Is Tixee All About?
With headquarters in South Africa and Seychelles, Tixee has set out to be ambitious.
- Trading Markets
Tixee offers access to a variety of markets such as Forex, Stocks, Indices, Precious Metals, Energies, Commodities and Cryptocurrencies.
Trade the most liquid market accessible to investors. A market that functions 24/5 across Sydney, Tokyo, London and New York. Tixee allows for trading in “lots” which are made up of 100,000 units of base currency. They also offer mini lots (10,000 units of base currency) and micro lots (1,000 units of base currency).
You have the option to leverage your Forex trades with Tixee, even as high as 1:500. For example, if you deposit $1000 in your trading account, it allows you to trade Forex up to $500,000.
Stocks and stock CFD’s are often the asset of choice for many.
CFD’s or contract for differences are an agreement between the purchaser and the seller to exchange the price difference in stocks. This saves time and efforts for purchasing a stock and holding it to the time the price rises.
Tixee offers CFD Index trading. Indices are often a hedge against trading risks and offer plenty of portfolio diversification opportunities.
Further, index CFD trading takes only a fraction of the capital required to purchase majority of the stocks in the index.
- Precious Metals
Tixee allows access to precious metals markets, ensuring traders and investors have the option to diversify their savings in safe haven metals such as gold, palladium and platinum.
Buying and selling CFD’s on energies such as crude oil and natural gas make lucrative investments. Hence, Tixee offers access to these CFD markets for all its clients. They are not as mainstream as Forex pairings because geopolitical and macroeconomic factors need to be accounted for.
Four broad categories are available to trade:
- Livestock and Meat
Investors have the option to choose long or short trades depending on their reading of the market.
Digital currencies or cryptocurrencies have started gaining traction in the post pandemic arena and have come a long way from when the world’s first cryptocurrency, Bitcoin, debuted in 2008. Based on blockchain technology, crypto derives its value from its limited supply.
Tixee offers over 220 CFD assets in crypto alone.
Tixee offers all its features on its latest trading platform known as Meta Trader 5. Offering the benefits of a secure data connection with multiple technical indicators and one click trading. This platform is available on both desktop and mobile for varied trading needs. The Meta Trader 5 also offers social trading or copy trading. Copy Trading allows investors to mimic leading financial trading strategies to benefit from.
Similarly, Meta Trader 4 is an older version of their trading platform mainly for traders who do not have access to Meta Trader 5. This is their most popular Forex trading platform.
How Genuine Is Tixee?
Tixee falls under three different regulatory nets, namely, Cyprus Securities and Exchange Commission, Seychelles Financial Services Authority and South Africa’s Financial Conduct Authority. These regulatory nets lend legitimacy to Tixee as it is complying with multiple legal requirements.
Overall, we find it to be a reliable broker. The only downsides we discovered were that they do not operate in USA, EU, Seychelles, Canada and North Korea.
Disclaimer: This is a sponsored marketing content.