Tezix has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from Tezix has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Competitive fees|Intuitive for beginners|Good analytical tools|Reliable uptime
Cons: Limited social trading features|Withdrawal takes 1-2 business days
I had a dispute with Tezix and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Market news feed|Quick verification|API access|Responsive team
Cons: Limited demo account features|Live chat only during business hours
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Tezix recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Comprehensive tools|Helpful community forum|Easy withdrawals
Cons: Mobile app could be improved
I lost a significant amount because Tezix did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multi-currency support|Dividend tracking
Cons: Alert system is basic
My withdrawal from Tezix was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about five months of being strung along.
Pros: Reliable uptime|Stable platform|Economic calendar
Cons: Live chat only during business hours|Minimum deposit could be lower