TixForex is a Scam Broker – Read TixForex Reviews

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TixForex Broker Review

TixForex has earned a spot on our study list as one of the market’s most intriguing brokers. The broker is confined to only one asset and, while being situated in the UK, asserts to be US regulated. Let’s take a look at what we learned from our analysis of Tix Forex to see whether any of this served as a caution to us.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: No Info
Owned by: Tix Investment Management Limited
Headquarters Country: UK
Foundation year: 2020
Supported Platforms: MT4
Minimum Deposit: N/A
Cryptocurrencies: Available – BTC, ETH, XRP
Types of Assets: CFDs on crypto
Maximum Leverage: 1:500
Free Demo Account: No
Accepts US clients: Yes

TixForex Regulation

A company founded in the UK in 2020 by the name of Tix Investment Management Limited appears to be behind TixForex. So it is clear that the assertion that they have existed since 2010 is false. Additionally, this business is registered as an IT consulting firm and does not possess an FCA license because IT is unrelated to finance.

Additionally, they claim to hold a FinCEN license, despite the fact that in the USA, this regulatory organization oversees insurance businesses rather than trading service providers. You should be aware that everything you’ve read on the broker’s website is untrue and that you may be the next person to fall for a scam.

Withdrawal Issues

TixForex frequently advises clients to make deposits using Bitcoin or any other cryptocurrency because they are focused on cryptocurrency investing. As you may be aware, these transactions are incredibly difficult to trace and change a number of wallets.

Once you part with your money, getting it back can be extremely difficult, especially when dealing with a broker like TixForex who has no legal oversight or duties to consumers. However, the likelihood of receiving your money back if you seek a withdrawal is almost nil.

Areas Of TixForex Scam

Reviews of Tix Forex indicate that the broker appears to be mostly active in Australia. In contrast, we discovered evaluations from the USA, Canada, the UK, and more. It appears to be attempting to steal money from English-speaking customers.

Note that TixForex is not really licensed and does not have the ability to offer financial services wherever you are.

Traders About TixForex Scam

The majority of unfavorable TixForex reviews focus on the withdrawal process. Customers claim that after submitting a payout request, their accounts are frozen and the broker demands further payment for supposed taxes, fees, corporate debts, and other obligations. It’s yet another successful scam technique that many unlicensed brokers employ. persuading you into paying 20–30% of your profit in order to recover the money. However, be aware that getting this money back is really difficult.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]

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4 Comments

Michael Bell October 24, 2021 at 9:06 am

Fraud broker! They are illegal and the regulatory license they hold is unauthorized. Unfortunately, I didn’t know until I was lied to. The withdrawal application has not been processed, and I can not contact my account manager. Their customer service is also out of contact and their website is closed. My friends told me that they had run away and that I had been lied to. How can I have such bad luck meeting these scammers?

CraigEX December 27, 2021 at 11:29 am

TixFx are terrible scammers. They’ll steal every penny you have! Investors are given a Bonus by this company first, and you are then asked to pay for this Bonus before you can get your earnings, if any. They ultimately take everything! In the alternative, they advise investors to trade incorrectly so that you will soon lose everything. After that, they keep requesting more and more cash. disgusting encounter

Johanv20 April 21, 2022 at 7:09 pm

Tixfx is a scamming company. Since I resubmitted my withdrawal request last year, I still have not received my $900. Peter Majwesky, who was supposed to be my broker, has done nothing but ensure that my friend and I consistently lose money. As we speak, I am still awaiting my $900 withdrawal. It’s a con, and I don’t want anyone else to make the same mistake I did.

Nina Brooks March 30, 2023 at 8:54 pm

Do not be fooled or put your trust in them you’d get disappointed,
Well support with deposit, however, worst experience with withdrawals.This has been my experience for quite sometime, i paid all fees they requested but they still didn’t give me my money. I finally got introduce to a specialist Ivanfitzer23 (outlook) com, and i must confess, not only was he able to recover my money, I can say he did put my life back on track and all is going smoothly.