TigerWit Broker Review

　　

Tigerwit 2025 Review: Everything You Need to Know

　　Summary: Tigerwit, a forex broker established in 2015, has garnered mixed reviews from users and experts alike. While it is regulated by reputable authorities such as the FCA and SCB, numerous complaints about trading practices and customer service raise concerns. Notably, the broker offers a single trading account type with a relatively low minimum deposit requirement.

　　Attention: It is crucial to note that Tigerwit operates through different entities across regions, which may affect the level of service and regulatory protections available to clients. This review aims to provide a fair and accurate assessment based on the available information.

　　

Rating Box

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	4
Customer Service and Support	5
Trading Setup (Experience)	5
Trustworthiness	4
User Experience	5
Overall	5

　　How We Rate Brokers: Our ratings are based on user reviews, expert opinions, and factual data regarding the brokers offerings and practices.

　　

Broker Overview

　　Founded in 2015, Tigerwit is a forex and CFD broker headquartered in London, UK. It operates multiple entities, including those regulated by the Financial Conduct Authority (FCA) and the Securities Commission of the Bahamas (SCB). The broker primarily utilizes the popular MetaTrader 4 (MT4) platform, providing access to various trading instruments, including forex, commodities, and cryptocurrencies. Despite its regulatory status, user experiences often highlight issues with customer service and trading practices.

　　

Detailed Section

　　Regulated Geographical Areas: Tigerwit is regulated by the FCA in the UK and the SCB in the Bahamas. While the FCA is considered a top-tier regulator, the SCB has a less favorable reputation, raising concerns among traders regarding the safety of their funds.

　　Deposit/Withdrawal Currencies/Cryptocurrencies: Tigerwit accepts deposits and withdrawals in major currencies, including USD, GBP, and EUR. It also supports e-wallets like Skrill and Bitpay, but the limited payment options may deter some traders.

　　Minimum Deposit: The minimum deposit required to open an account with Tigerwit is $50, which is relatively low compared to other brokers that often require higher initial investments.

　　Bonuses/Promotions: Tigerwit offers a no-deposit bonus of $25 for new clients, allowing them to start trading without initial investment. However, the terms for withdrawing profits generated from this bonus can be restrictive.

　　Tradable Asset Classes: Tigerwit provides access to over 60 forex pairs, commodities, and CFDs on major stocks and indices. However, the lack of a diverse asset offering may limit options for more experienced traders.

　　Costs (Spreads, Fees, Commissions): The broker charges spreads starting from 1.2 pips, which is considered higher than the industry average. Additionally, commissions apply to certain CFD trades, which may further increase trading costs.

　　Leverage: Tigerwit offers leverage up to 1:200, which can amplify both potential profits and losses. New traders are advised to exercise caution when using high leverage due to the associated risks.

　　Allowed Trading Platforms: The primary trading platform available is the widely-used MetaTrader 4 (MT4), which supports automated trading and is favored by many traders for its robust features.

　　Restricted Regions: Tigerwit does not accept clients from the US, Canada, Japan, and other jurisdictions where CFD trading is prohibited. This restriction limits its global reach and may affect potential clients' access to services.

　　Available Customer Service Languages: Tigerwit offers customer support in multiple languages, including English, Spanish, German, Dutch, Chinese, Arabic, French, Afrikaans, Hausa, Igbo, and Yoruba. However, some users have reported slow response times and inadequate support.

　　

Repeat Rating Box

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	4
Customer Service and Support	5
Trading Setup (Experience)	5
Trustworthiness	4
User Experience	5
Overall	5

　　

Detailed Breakdown

　　Account Conditions: While the minimum deposit is attractive, the lack of multiple account types is a significant drawback, as it does not cater to the varying needs of different traders. Many reputable brokers offer a range of accounts tailored to beginner and professional traders.

　　Tools and Resources: The educational resources provided by Tigerwit are minimal, with only FAQs available. This lack of comprehensive educational material can hinder trader development, especially for newcomers.

　　Customer Service and Support: Customer feedback indicates that support responses can be slow and unhelpful. This is a critical area for improvement, as reliable customer service is essential for trader satisfaction.

　　Trading Setup (Experience): Users have reported issues with order execution, including failure to follow stop orders, which can lead to significant financial losses. This raises serious concerns about the broker's reliability and trustworthiness.

　　Trustworthiness: Despite being regulated, the presence of numerous user complaints and negative reviews suggests that Tigerwit may not be a safe option for traders. The mixed regulatory status further complicates the trust factor.

　　User Experience: The overall user experience is marred by reports of high spreads and sluggish customer service. Additionally, the single account type limits flexibility for traders.

　　In conclusion, while Tigerwit offers some appealing features, potential clients should carefully consider the risks and read user reviews before proceeding. The broker's regulatory status and customer service issues are significant factors that may affect trading experiences.