www.ixitrade.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ixitrade.com.
www.ixitrade.com seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Demo account available|Economic calendar
Cons: Could offer more webinars|Some tools only available on higher tiers
Customer support at www.ixitrade.com seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Social trading features|Excellent charting|Smooth onboarding
Cons: Slow to add new assets|No crypto staking
The reporting at www.ixitrade.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular updates|Good analytical tools|Personal attention|Fast execution
Cons: Research section could be deeper
I wanted to transfer my portfolio from another broker to www.ixitrade.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Transparent fees|Risk management tools|No hidden fees
Cons: No integrated tax optimization
After spending for over a year trying to make www.ixitrade.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Social trading features|Responsive team
Cons: Account statements could be more detailed|Mobile app could be improved
The hidden fees at www.ixitrade.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Educational resources|Good analytical tools|Copy trading available|Regular updates
Cons: Would like more payment methods