TixForex Detailed Review
As one of the most interesting brokers on the market, TixForex has definitely earned a place on our research list. The broker is limited to one asset only and claims to be US regulated while being based in the UK. All of this was a warning sign for us, so let’s see what we discovered in our Tix Forex review.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Owned by:||Tix Investment Management Limited|
|Cryptocurrencies:||Available – BTC, ETH, XRP|
|Types of Assets:||CFDs on crypto|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
What About TixForex Regulation?
TixForex appears to be a Tix Investment Management Limited brand, a company established in 2020 in the UK. So, the claim they have existed since 2010 is obviously fake. Moreover, this company is registered as an IT consultant company and has no FCA license since IT is unrelated to finance.
Besides, they claim to have a FinCEN license – this regulatory body is in charge of insurance companies in the USA, not trading service providers. So, everything you’ve had a chance to read on the broker’s website is false, and you should be aware that you’re the next potential scam victim.
Fund Withdrawal Issues With Tix Forex Broker
Since TixForex is turned towards crypto investments, they often advise clients to make deposits via Bitcoin or any other cryptocurrency. As you may be aware, these transactions are changing multiple wallets and are extremely hard to track.
Once you give your money away, getting it back is a big challenge, especially with a broker such as TixForex with no supervision and no obligations towards clients in legal terms.
On the other hand, if you submit a withdrawal request, the chances of getting your funds back are close to zero.
Areas Of TixForex Scam
According to Tix Forex reviews, it seems that the broker is mainly present in Australia. However, we’ve found reviews from the UK, Canada, USA, and more. It looks like it’s targeting English-speaking clients and trying to steal their funds.
Wherever you are, note that TixForex is not actually regulated and has no authority to provide financial services.
Traders About TixForex Scam
Most of TixForex reviews are negative and directed towards withdrawal issues. Clients report that their accounts are being blocked once they submit a payout request, and the broker asks them for more money – for alleged taxes, fees, debts towards the company, and more. It’s another effective scheme method that many illegal brokers are using. Convincing you to pay 20-30% of your profit to get the money back. Yet, know that seeing this money back is nearly impossible.
How Does Online Trading Scam Work?
Online trading scams are more and more frequent, while those conducting them are more efficient. You would be surprised to learn about all their methods to trick their clients and extort money. Most brokers, such as TixForex that have no official regulations, are using the fact they are not supervised to steal money.
They close their website and open a new one under a new name, starting a new scheme. If you have had any issues with TixForex, you should file a complaint immediately before your account is frozen and your money is gone.
Scammed by TixForex? – Tell Us Your Story
If you fall victim to a TixForex scam, let us know. Our chargeback specialists are here to listen to your story and help you find the most efficient money-back solution for your case.
But What Is A Chargeback?
This is a way for your bank to reverse the transaction and get your money back. Our consultants will be more than happy to assist you with this matter and ensure that the procedure is followed correctly. Contact us via online chat to book a free consultation, and let’s get your hard-earned money back!
What Is TixForex?
TixForex is an online CFD and Forex trading provider without regulation.
Is TixForex A Scam Broker?
TixForex falsely claims it’s regulated in the US and scams clients.
Is TixForex Regulated?
No, TixForex is not regulated and operates in all countries illegally.