8 /10
Overall Rating
TigerWit Review & Rating [yyyy]

TigerWit Review & Rating 2021

Visit TigerWit

Read the Tigerwit Forex broker review before opening your account. Is Tigerwit a reliable Forex Broker? What are the benefits of trading with this broker? Unbiased trader review about this London, UK based forex broker.

Tigerwit is an authorized and regulated company by FCA, SCB Bahamas and SEC Hong Kong and the official sponsor of the Liverpool FC team. The broker offers multiple instruments to trade such as Forex, Metals, CFDs, Crypto, Stocks and many others, and with TigerWit’s fully-automated copy-trading technology anyone can be the master of their own trading. 

At AtoZMarkets.com we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly!

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in the case of this Tigerwit broker review. Please see the following article on how we conduct our broker reviews.

Overview

Company
8 /10
Trust
9 /10
Trading Platform
8 /10
Account Types
9 /10
Cryptocurrency
8 /10
Costs
8 /10
Customer Support
8 /10
Regulation
8 /10

Company

8 /10

TigerWit was founded in 2015 with one clear purpose; to bring fresh technological solutions to the online trading industry. The broker has focused all of their energy on opportunities where design, systems and processes can be upgraded and reinvented for the benefit of traders today and tomorrow.

TigerWit offers some of the most popular markets for trading online when you want, the way you want. Users can access high levels of liquidity with markets covering forex across all major trading currencies, together with Indices, Commodities, single stock CFDs and Crypto pairs. 

Pros:

  • Offers MT4 trading platform
  • High leverage 400:1
  • Low spread
  • Responsive customer support
  • Provides cryptos to trade

Cons:

  • Does not provides MT5 trading platform

Trust

9 /10

The TigerWit global group holds three prestigious licenses, these are FCA, SCB Bahamas and SEC Hong Kong.  

Additionally, every account is segregated and insured as a part of the FCA UK guidelines. Given the aforementioned, TigerWit falls under our trusted broker's list.

Trading Platform

8 /10

TigerWit users can use the MT4 platform to trade all of its trading instruments. The MetaTrader 4 platform, most commonly known as MT4, is one of the most popular trading platforms and is trusted by traders all over the world.

Originally launched in 2005 by the Metaquotes Software Corp., MT4’s popularity has never waned and is still more commonly used than its successor MT5. This is partly due to its ease of use and customizability, as well as its integration of Expert Advisors (EAs).

Traders can place orders using the MetaTrader 4 platform or use its live rates to place instant market execution orders. The MetaTrader 4 software is available to use in mobile and desktop versions, allowing traders the flexibility to monitor the market and place trades and orders the way that suits them.

MT4 also allows users to access charts, indicators, and other helpful trading tools, many of which have been created by other users of the trading platform. This interaction and user-generated tools are key factors in the platform’s popularity. EA’s are also supported. an example of this and are commonly used to automate trading according to the users’ risk/reward appetite and market condition preference.

Also, if you are looking for EAs, TigerWit provides one of the best EAs in the market. EAs, or Expert Advisors, are often referred to as Forex Trading Robots that can allow users to predetermine the conditions and levels that they would like to trade-in and allow the system to do the work for them. Many consider the decision-making part of trading to be one of the most difficult factors as emotion can often take control. But by having a clear trading strategy in mind before starting to trade, EAs can be programmed to open and close deals on your behalf, taking emotion and human error out of the equation. These are just some of the reasons that make traders download MetaTrader 4.

Account Types

9 /10

TigerWit relieves its customers on its website, by assuring them that creating an account with it is very easy. TigerWit provides two types of accounts: Demo and Live. Demo account on which to practice your trading strategies with $10,000 in virtual funds, and a live account on which to trade with real funds. You can open a Live account and use up to seven sub-accounts for self-directed and copy-trading.

Cryptocurrency

8 /10

TigerWit offers its users to trade Bitcoin, Ethereum, Ripple and Litecoin.

Costs

8 /10

TigerWit follows a standard fee structure which is very economical for all types of traders. TigerWit offers prices based on the value of the underlying market, forex spreads that always changes based on the price of the basic market. The average spread is 1.8 for EURUSD, 2.1 for AUDUSD, 2.4 for AUDCAD etc. 

Moreover, the spread of the Index product is 0, TigerWit will charge a certain percentage fee for Index. TigerWit also provides the industry's advanced and innovative automated order copying system. Investors can obtain the same proportion of investment income by following master trading. 

TigerWit opens the copy order function for the customer on the condition that the masters agree and authorize it, and according to the agreement, TigerWit will deduct 20% of the profit of the customer's as the commission of the masters.

Deposit Fees

Wire transfer: TigerWit does not charge wire transfer fees, different banks in the purchase of foreign exchange and remittances will charge different fees (usually fee, telegraph fee and transit costs), the costs incurred in the purchase of foreign exchange and remittance shall be borne by the customer, TigerWit will be the actual amount of money to customers recharge.

Wallet Deposit: TigerWit does not charge any fees.

Withdrawal Fees

TigerWit offers up to 4 free withdrawals per month then it charges just $1 for each withdrawal.

Customer Support

8 /10

TigerWit’s customer support is global, highly responsive, and deals with clients query 24, 5.5. The user can reach out to them using live chat or email.

Regulation

8 /10

TigerWit Limited (Bahamas) is regulated by the Securities Commission of The Bahamas (SCB), license number SIA-F185. To access the website for TigerWit Limited (UK), which is authorized and regulated in the UK by the Financial Conduct Authority (FCA) users can visit the UK’s website of TigerWit

Also, TigerWit Limited is a company registered in England and Wales, company registration number 09479466. TigerWit is authorized and regulated by the Financial Conduct Authority (FRN 679941).

Registered address: 7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom.

Conclusion

After AtoZ Market’s deep research about the broker, we can say that TigerWit is an innovative and regulated trading broker that offers a modest selection of trading instruments. They have a good choice of easy to use trading platforms that can be used across multiple devices. 

The account opening process is easy and smooth and their customer care representative can serve the client at every stage. At last, we can say that the broker is reliable and stands out to be at the top, however, we always recommend our readers to do their own research before opening a live account with any broker. 

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