TIXfx Review 2024

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What is TIXfx?

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TIXfx is a Non-Dealing Desk (NDD) broker that offers trading in 70 currency pairs, as well as CFDs on indices, energies, and precious metals. The platform of choice for TIXfx is the renowned MetaTrader 4. The company behind the TIXfx brand is TIX Group Ltd, which is registered as an International Business Company (IBC) in St. Vincent and the Grenadines. This location is a popular offshore forex destination due to the fast and inexpensive registration procedure and the liberal control over brokerage firms. TIXfx services both retail and institutional clients and has arranged two different account types. Both of them offer commission-free trading, leverage up to 1:300, and micro tradeable lots. The Standard account requires a minimum deposit of $500 and offers spreads from 1.5 pips on EUR/USD. The Institutional account requires a minimum deposit of $50,000 and offers spreads from 0.5 pips on EUR/USD. In addition, swap-free (Islamic) services are available on the Standard account type for clients who are not willing to earn or pay interest for religious reasons. However, the minimum initial deposit required by this broker is considered a bit high, considering its offshore destination. It’s important to note that TIXfx is a pure NDD broker, registered offshore. IBCs are not obliged to meet capital adequacy requirements, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency. Therefore, if you plan to invest a large amount of money, it would be advisable to select among brokers regulated in the UK, Australia, or another jurisdiction, where the respective financial watchdogs are on alert. The company servicing TIX Group Ltd. is London-based Jedi Marketing Ltd. This company enters into agreements with clients. Jedi Marketing Ltd. is registered in the UK, but is not regulated by the Financial Conduct Authority (FCA). In conclusion, while TIXfx offers a range of trading options and platforms, potential investors should be aware of the risks associated with offshore trading and consider whether these risks are acceptable for their investment strategy.

What is the Review Rating of TIXfx?

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    The Weighted Average Review Rating calculated by Forexbrokersinfo for TIXfx is 0.

    What are the Pros of TIXfx?

    TIXfx is a forex broker that offers several advantages to its clients. Here are some of the key benefits:. Variety of Trading Options: TIXfx offers trading in 70 currency pairs, as well as CFDs on indices, energies, and precious metals. This wide range of options provides traders with the flexibility to diversify their portfolio and explore different markets. Different Account Types: TIXfx services both retail and institutional clients and has arranged two different account types. This allows traders of different levels and investment capacities to find an account that suits their needs. Leverage: Both account types offer leverage up to 1:300. Leverage can amplify profits, although it also increases risk. MetaTrader 4 Platform: TIXfx provides the classic award-winning trading platform MetaTrader 4 (MT4), which comes in as PC, web, and mobile versions. MT4 is known for its fast order execution, a variety of technical indicators, advanced charting package, and the ability to develop and use Expert Advisors (EA). Micro Tradeable Lots: Both account types offer micro tradeable lots. This feature allows traders to trade with smaller amounts, which can be particularly beneficial for beginners or those with smaller investment capacities. Swap-Free Services: Swap-free (Islamic) services are available on the Standard account type for clients who are not willing to earn or pay interest for religious reasons. However, it’s important to note that TIXfx is registered offshore. While this doesn’t automatically mean the broker is not trustworthy, it does mean they’re not subject to the same level of regulation as brokers registered in jurisdictions with strict financial regulations. Therefore, potential clients should carefully consider this aspect before deciding to trade with TIXfx.

    What are the Cons of TIXfx?

    TIXfx, a Non-Dealing Desk (NDD) broker, offers trading in 70 currency pairs, as well as CFDs on indices, energies, and precious metals. However, there are several drawbacks to consider:. Regulation: TIXfx is registered offshore, which means it’s not subject to the same regulatory oversight as brokers in jurisdictions like the UK or Australia. This lack of regulation can pose a risk to traders’ funds. High Spreads: Compared to other brokers, TIXfx’s spreads are above average. Most brokers offer spreads within the range of 1.0 – 1.5 pips on the EUR/USD pair, but TIXfx’s spreads start from 1.5 pips. Minimum Deposit: The minimum initial deposit required by TIXfx is $500. , which is considered high, especially considering its offshore destination. Other brokers, even those regulated by reputable authorities, require the same or lower amounts. Lack of PAMM Solutions: TIXfx does not offer Percentage Allocation Management Module (PAMM) solutions. , which are popular among forex traders for managing multiple accounts. Offshore Registration: The company behind TIXfx, TIX Group Ltd, is registered as an International Business Company (IBC) in St. Vincent and the Grenadines. IBCs are not obliged to meet capital adequacy requirements, keep client money in segregated accounts, or arrange a compensation scheme in the event of insolvency. This could potentially put traders’ funds at risk. In conclusion, while TIXfx does offer some advantages such as a wide range of tradable assets and the use of the MetaTrader 4 platform. , potential traders should be aware of the risks associated with the broker’s offshore registration, high spreads, and high minimum deposit requirement.

    Is TIXfx Regulated and who are the Regulators?

    TIXfx, a forex broker, is not regulated by any major regulatory authority. The company behind the TIXfx brand, TIX Group Ltd, is registered as an International Business Company (IBC) in St. Vincent and the Grenadines. This location is known as an offshore zone that does not implement the strictest rules for companies established there. St. Vincent and the Grenadines is a popular offshore forex destination due to the fast and inexpensive registration procedure and the liberal control over brokerage firms. IBCs in this location are not obliged to meet capital adequacy requirements, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency. The company Jedi Marketing Ltd, which operates the TIXfx brand and tixfx.com domain globally except within the European Economic Area, uses the TIXfx trading name. However, Jedi Marketing Ltd is registered in the UK, but is not regulated by the local agency FCA (Financial Conduct Authority). Given these facts, it is clear that TIXfx is an offshore, non-regulated broker that misleads about its addresses and legislation. Therefore, it is not recommended to trade with them. For those planning to invest a large amount of money, it is advised to select among brokers regulated in the UK or Australia, or another jurisdiction, where the respective financial watchdogs are on alert.