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.
TigerWit is regulated by multiple authorities, ensuring compliance with stringent financial standards. The primary regulatory bodies overseeing TigerWit include:
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.
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:
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.
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.
TigerWit offers a single standard account type, which may not cater to all trader profiles. The account features include:
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.
TigerWit supports various deposit and withdrawal methods, ensuring flexibility for clients. The available deposit methods include:
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.
TigerWit offers comprehensive customer support through various channels, including:
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.
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.
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
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
梦境63925
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