Tipitek: pitfalls of investing

Regulation and security

Broker Tipitek raises serious concerns due to its unregulated activities. The lack of a license from well-known regulators such as CySEC or FCA indicates that clients do not have reliable guarantees for the safety of their investments and the protection of their interests. Regulators set clear rules for brokers and also resolve disputes between broker and client.

Trading instruments

One of the main disadvantages of the Tipitek broker is the small selection of trading instruments. Although the broker provides access to six asset classes, the number is limited. This reduces the ability to diversify a portfolio and makes it more difficult to successfully manage risk.

Account types and fees

Tipitek’s clients can open one of six account types, but the difference between them does not justify the difference in minimum deposit requirements. The broker charges high commissions for trading, which makes it less attractive to clients. Non-transparent terms and hidden fees can be a major burden for investors.

Mini

Min. deposit: $500

Leverage: 1:5

Features: weekly email newsletter, weekly trial period for an analyst’s consultations

Easy start

Min. deposit: $5000

Leverage: 1:5

Features: weekly email newsletter, 1 analyst’s consultation per week, personal manager on request

Start+

Min. deposit: $25.000

Leverage: 1:5

Features: daily email newsletter, analysis of transaction history, 2 analyst’s consultations per week, personal manager on request, educational materials on request

Pro

Min. deposit: $100.000

Leverage: 1:10

Features: weekly email newsletter, 4 analyst’s consultations per week, personal financial advisor, educational materials on request, signals (up to 5 per week), 3 risk-free trades

Pro+

Min. deposit: $500.000

Leverage: 1:20

Features: analysis of transaction history upon request, 6 analyst’s consultations per week, personal financial advisor, signals (up to 10 per week), educational materials on request, 4 risk-free trades

Extra

Min. deposit: $1.000.000

Leverage: 1:20

Features: analysis of transaction history, full analyst’s support upon request, personal financial advisor, unlimited signals, individual educational materials upon request, 6 risk-free trades, automatic trading

Platforms

The Tipitek Trade platform is not always stable and has a tendency to crash. This can seriously hamper successful trading and result in loss of funds. The broker does not provide access to MetaTrader 4/5 or cTrader, known for their reliability and versatility. As a result, traders may miss out on the advanced features, extensive analytical tools, and automated trading capabilities these popular platforms offer. This lack of access to proven, robust platforms can be a significant drawback for traders seeking a reliable and efficient trading experience.

Education

Broker Tipitek offers limited educational resources, which makes it less attractive to beginners who require better training to successfully start in the financial markets. Additionally, on accounts with lower minimum deposits, theoretically intended for beginners, educational materials are not available.  

Advantages and disadvantages

Pros:

• Variety of account types

Cons:

• Lack of license and regulation
• Limited selection of trading instruments
• High commissions and hidden fees
• Unstable trading platform
• Limited educational opportunities

Summary

Broker Tipitek poses serious risks to investors due to its unregulated operations, limited selection of instruments, high fees, and unstable trading platform. Additionally, it does not provide educational materials on accounts with minimum deposit requirements. The instability of the Tipitek Trade platform, along with the absence of MetaTrader 4/5 or cTrader, further exacerbates these issues. Not recommended for investing and trading.