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TigerWit Forex broker specializes in providing foreign exchange trading services, the company's official website https://global.tiger..., the company's legitimate regulatory information Hong KongSFCLeveraged foreign exchange trading, AustraliaASICCommon Business Registration, United KingdomFCAMarket Maker (MM), BahamasSCBRetail Forex License to enhance the security of the company's address Sea Sky Lane, Sandyport, Nassau, Bahamas

TigerWit Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
TigerWit Limited
Abbreviation
TigerWit
Company employee
--
Customer Service Email Address
customerservice@tigerwit.com
Company Website
Company address
Sea Sky Lane, Sandyport, Nassau, Bahamas
Keywords
Stoppage of Business
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Australia Common Business Registration Revoked
Hong Kong Leveraged foreign exchange trading Revoked
Suspicious Overrun
High potential risk

Company profile

Note: TigerWit's official website - https://uk.tigerwit.com/ is currently inaccessible normal.TigerWit Review SummaryFounded2015Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsFX, precious metals, commodities, indicesDemo Account✅($10,000 in virtual funds)LeverageUp to 1:400SpreadVariableTrading PlatformMT4Min Deposit$50Customer SupportLive chat, contact formTel: +1 (786) 867-0911Email: customerservice@tigerwit.comFacebook, LinkedIn, Twitter, YouTube, Instagram TigerWit is an unregulated online trading platform founded in 2015 and registered in the United Kingdom. TigerWit claims to provide trading on the well-known MT4 platform in FX, precious metals, commodities, and indices. TigerWit says to have no authority or licensing to provide forex trading or brokerage services in the United Kingdom or any other jurisdictions.Pros and ConsProsConsDiverse tradable assetsUnregulated statusDemo accountsSingle account typeCommission-free account offeredUnclear fee structureFlexible leverage ratiosHigh minimum depositTight spreadsMT4 supportedLow minimum depositPopular payment methodsLive chat supportIs TigerWit Legit? No, TigerWit currently has no valid regulations. Please be aware of the risk!Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberSecurities and Futures Commission of Hong Kong (SFC)RevokedTigerWit (Hong Kong) LimitedLeveraged foreign exchange tradingBOI171Australia Securities & Investment Commission (ASIC)RevokedTIGERWIT TECHNOLOGY PTY. LIMITEDCommon Business Registration614234687Financial Conduct Authority (FCA)Suspicious CloneCalico Capital LimitedMarket Making(MM)679941The Securities Commission of The Bahamas (SCB)Suspicious CloneTigerWit LimitedRetail Forex LicenseSIA-F185What Can I Trade on TigerWit?Trading AssetAvailableForex✔Precious Metals✔Commodities✔Indices✔Stocks ❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Leverage TigerWit offers flexible leverage ratios of 1:100, 1:200, and 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.SpreadCurrency PairAvg Spread (points)AUD/CAD2.4AUD/CHF2.2AUD/JPY2.3AUD/NZD2.4AUD/SGD3.0AUD/USD1.9Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔iPhone, Android, PCBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Deposit Deposit MethodMin DepositBank transfer$100Credit/debit cards$50NetellerSkrillSafeChargeChina UnionPay WithdrawalWithdrawal MethodMin WithdrawalBank transfer$50Credit/debit cards$20NetellerSkrill

Rating Index

How to login to TigerWit?
tigerwit Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a tigerwit Account Registering for a tigerwit account is the first step toward accessing a range of trading options. Follow the detailed steps below to complete

  

TigerWit Forex Broker - Complete Information Guide

  

1. Broker Overview

  TigerWit, founded in 2015, is a financial technology company that has established itself as a prominent player in the forex and CFD trading space. Headquartered in London, United Kingdom, with additional offices in Beijing and Shanghai, TigerWit operates as a private company. The broker primarily serves retail and institutional clients across various regions, including Europe, Asia, and Africa.

  Since its inception, TigerWit has achieved significant milestones, including acquiring regulatory licenses from reputable authorities and expanding its client base to over 250,000 traders. In 2018, the company reported a trading volume exceeding $20 billion, marking its rapid growth in the competitive forex market.

  TigerWit operates under the umbrella of TigerWit Group, which emphasizes technological infrastructure to enhance trading experiences. The broker focuses on providing services in retail forex trading, offering a diverse range of trading instruments and accounts tailored to various trader profiles. As a STP (Straight Through Processing) broker, TigerWit facilitates direct access to the forex market, ensuring efficient trade execution for its clients.

  

2. Regulatory and Compliance Information

  TigerWit is regulated by multiple authorities, ensuring compliance with stringent financial standards. The primary regulatory bodies overseeing TigerWit include:

  • Financial Conduct Authority (FCA) - License No. 679941
  • Securities Commission of The Bahamas (SCB) - License No. SIA-F185
  • Securities and Futures Commission (SFC) in Hong Kong (previously regulated, now revoked)

  The regulatory licenses allow TigerWit to operate in various jurisdictions, providing a layer of security to its clients. The company adheres to strict client fund segregation policies, ensuring that client funds are held in separate accounts from operational funds. This practice protects clients' investments in the event of financial difficulties faced by the broker.

  Additionally, TigerWit participates in the UK Financial Services Compensation Scheme (FSCS), which provides compensation of up to £50,000 for eligible clients in case of broker insolvency. The broker maintains compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to enhance security and transparency in its operations.

  

3. Trading Products and Services

  TigerWit offers a diverse array of trading products, catering to various trading preferences. The broker provides access to over 60 forex currency pairs, including major, minor, and exotic pairs. Notable currency pairs include EUR/USD, USD/JPY, and GBP/USD.

  In addition to forex, TigerWit offers a range of CFDs (Contracts for Difference) across different asset classes, including:

  • Indices: Major global indices such as the S&P 500, FTSE 100, and DAX 30.
  • Commodities: Trading opportunities in crude oil, natural gas, and precious metals like gold and silver.
  • Cryptocurrencies: Access to popular cryptocurrencies, enhancing the trading portfolio for clients.
  • Stocks: CFDs on major global stocks, including tech giants and other market leaders.

  TigerWit continuously evaluates and updates its product offerings, ensuring that clients have access to the latest market instruments. The broker emphasizes retail trading services while also catering to institutional clients, providing tailored solutions for larger entities.

  

4. Trading Platforms and Technology

  TigerWit primarily utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust features and user-friendly interface. The MT4 platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs).

  The broker does not currently offer MetaTrader 5 (MT5), which may limit options for traders seeking advanced features. The MT4 platform is accessible via desktop, web, and mobile applications, allowing traders to execute trades conveniently from various devices.

  TigerWit operates on a STP execution model, ensuring that trades are processed directly in the market without any interference. The broker maintains a strong technological infrastructure, with servers located strategically to enhance trade execution speed and reliability.

  The platform supports API access, enabling automated trading and integration with third-party trading tools. This flexibility allows traders to customize their trading experience according to their preferences.

  

5. Account Types and Trading Conditions

  TigerWit offers a single standard account type, which may not cater to all trader profiles. The account features include:

  • Minimum Deposit: $50
  • Leverage: Up to 1:200 for most clients, with 1:30 for UK clients in compliance with local regulations.
  • Spreads: Variable spreads starting from 0.6 pips on major currency pairs.
  • Commission: Generally, there are no commissions on forex trades, but commissions may apply to CFDs.

  For advanced traders, TigerWit provides options for copy trading, allowing clients to mirror the strategies of successful traders. Additionally, an Islamic account is available for clients adhering to Sharia law, offering swap-free trading conditions.

  The broker also offers a demo account with a virtual balance, allowing prospective clients to practice trading without financial risk. The demo account simulates real trading conditions, providing an excellent opportunity for beginners to familiarize themselves with the platform.

  

6. Fund Management

  TigerWit supports various deposit and withdrawal methods, ensuring flexibility for clients. The available deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets: Such as Skrill and Neteller

  The minimum deposit requirement is $50, making it accessible for many traders. Deposits are processed almost instantly, allowing traders to start trading without delays.

  Withdrawals can be made using the same methods as deposits, with a minimum withdrawal amount of $30. TigerWit allows up to four free withdrawals per month; thereafter, a fee of $1 applies for each additional withdrawal. Withdrawal processing times may vary depending on the method used, typically taking up to 24 hours.

  TigerWit does not charge deposit fees, enhancing its appeal as a cost-effective trading solution.

  

7. Customer Support and Educational Resources

  TigerWit offers comprehensive customer support through various channels, including:

  • Email
  • Phone
  • Live Chat (currently unavailable)

  The support team operates 24/5, providing assistance in multiple languages, including English, Spanish, German, Dutch, Chinese, Arabic, French, Afrikaans, Hausa, Igbo, and Yoruba.

  While TigerWit provides some educational resources, such as tutorials and market updates on its YouTube channel, the offerings may not be as comprehensive as those provided by other brokers. The broker lacks structured educational materials, which could benefit traders looking to enhance their skills.

  Market analysis services are limited, and traders may need to rely on third-party sources for in-depth research and analysis. However, the broker does provide basic tools like economic calendars and calculators to assist traders in their decision-making processes.

  

8. Regional Coverage and Restrictions

  TigerWit primarily serves clients in Europe, Asia, and Africa, with a focus on expanding its reach in these markets. The broker has established offices in key locations to facilitate its operations.

  However, TigerWit does not accept clients from certain countries, including the United States, Canada, Japan, and any other jurisdictions where CFD trading is prohibited. This restriction is important for potential clients to consider when evaluating their options.

  In summary, while TigerWit presents itself as a legitimate forex broker with regulatory oversight, potential clients should carefully assess the available information and consider their trading needs before engaging with the platform. The broker's focus on technology and client protection is commendable, but the limited account types and educational resources may not meet the expectations of all traders.

  In conclusion, TigerWit broker offers a range of trading services with regulatory backing, but clients should remain vigilant and conduct thorough research to ensure it aligns with their trading objectives.

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Latest Reviews

梦境63925

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Hong Kong

Is anyone still using the argofx platform? I see that there are still many people trading on this platform! How is this platform?

37130

2024-09-08

Busopy

Busopy

Belarus

TigerWit hits the mark with its accessible minimum deposit and a range of account types to suit different traders. It's a platform that's easy to get into and grow with, making it a great choice for anyone looking to trade.

Positive

2024-07-22

Many chen

Many chen

Taiwan

I saw on the Internet that Mr. Lu had a stock investment community. After joining the group, everyone in the group was making profits through PO. I asked the administrator. He told me to copy his trade in forex MT5 and keep it confidential. Because they have inside information and cannot disclose it to others. They told with confidence. Others were making money but I was losing money, and then I found out it was a scam.

Exposure

2024-05-06

TigerWit Forex Broker has an overall rating of 1.60, Regulatory Index 0.00, License Index 0.00, Business Index 7.71, Software Index 4.00 Risk Control Index 0.00.