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Tigerwit Review 2021

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Tigerwit Main Features
☑️
Regulations
FCA (United Kingdom), SCB (Bahamas)
️🗺
Supported Languages
English
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
️💵
Min Deposit
$50
💹
Max Leverage
1:400 (FCA), 1:400 (SCB)
🖥
Trading Desk Type
Dealing Desk, ECN, STP
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Tigerwit Full Review

TigerWit is authorised and regulated by the UK Financial Conduct Authority (FCA) and Securities Commission of The Bahamas (SCB). The broker provides the ability to trade on a full range of instruments covering CFDs on Forex, Stocks, Indices, Commodities and Cryptocurrencies.

TigerWit is an award-winning broker founded in 2015 and is currently the official trading partner of Liverpool Football Club. The broker offers access to a large range of instruments covering CFDs on Forex, Stocks, Indices, Commodities and Cryptocurrencies, and offers clients self-directed trading products as well as a fully automated copy-trading service.

The broker has two entities. TigerWit Limited (UK) is authorised and regulated by the Financial Conduct Authority (FCA) and operates the uk.tigerwit.com website. However, the focus of this review is on the TigerWit Limited (Bahamas) offshore entity which is authorised and regulated by the Securities Commission of The Bahamas (SCB) and operates the global.tigerwitex.com website.

Clients can open a live, demo or Islamic (swap-free) account with ease and can trade from the world’s most popular trading platform MetaTrader 4, as well as the broker’s mobile trading app. Users can also access a fully automated copy-trading service that allows clients to copy the trades of ‘Master’ traders.

Clients have a variety of deposit and withdrawal options including Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more. There is a vast range of research articles available and the content is regularly updated, however, the educational material is limited and is mostly suitable for beginner traders. The broker also offers 24/5 customer support via Phone, E-mail and Live Chat.

Pros: Cons:
  • UK entity regulated by FCA.
  • Commission-free trading available.
  • Automated copy-trading service.
  • 24/5 customer support.
  • MT5 not yet available.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections

TigerWit Video Review

Investor Protection & Regulations

TigerWit Limited (Bahamas) is based offshore and is authorised and regulated by the Securities Commission of The Bahamas (SCB).

TigerWit Limited (Bahamas) is based offshore and regulated by the, as shown on the regulator’s register below:

The TigerWit brand name also operates the two domain names listed below:

  • TigerWit Limited (UK) – an entity regulated by the UK’s Financial Conduct Authority (FCA) and operates under https://uk.tigerwit.com/
  • TigerWith Africa – Operates under the domain name https://tigerwit.africa/ but is regulated by the Securities Commission of The Bahamas (SCB).

TigerWit provides further security of client funds by following the below requirements:

  • Holding Funds in a segregated account from company funds.
  • Negative balance protection policy.

Tradable Products

TigerWit offers clients the ability to trade on more than 50+ CFD instruments covering Forex, Stocks, Indices, Commodities and Cryptocurrencies.

TigerWit offers clients the ability to trade on more than 50+ CFD instruments covering Forex, Stocks, Indices, Commodities and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Shares Commodities
EURUSD Google WTI
GBPUSD Facebook Brent Crude
USDJPY Tesla Silver
EURJPY Netflix Gold
AUDUSD Indices Cryptocurrencies
USDCAD SU30 Bitcoin
GBPCAD S&P500 Ethereum
EURJPY Nasdaq Litecoin
NZD/USD DAX30 Ripple

* Details regarding the available assets are taken from the TigerWit website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

TigerWit offers a single live account but clients can create multiple sub-accounts that can be used for self-directed trading and copy trading. The broker also offers demo and Islamic trading accounts.

TigerWit offers a single live account but clients can create multiple sub-accounts that can be used for self-directed trading and copy trading. The minimum deposit is 50 USD and clients can also choose their own level of leverage from 1:100/200/400. The broker also offers demo accounts and Islamic (swap-free) accounts. However, Islamic accounts will incur an administration fee on any positions left open for 10 consecutive days.

Users can open a new account in just a few steps. After clicking the ‘Register’ button on the broker’s homepage, users are asked to fill in their name, email and password. Following this, users will be directed to the client portal where they will be required to fill in additional information including contact number, date of birth, gender, financial and employment details and residency.

Users will also need to submit proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal area is shown below:

The broker does not accept clients in Sudan, Congo, Iran and some other regions.

Deposit & Withdrawals Options

TigerWit offers a variety of fee-free deposit and withdrawal methods including Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more.

TigerWit offers a variety of fee-free deposit and withdrawal methods including Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more. Deposits are processed immediately excluding bank wire transfer which can take up to five working days. Withdrawals are also processed within three working days.

It should be noted that clients get 4 free withdrawals per month for each account, after which there is a $1 charge for each withdrawal. Users can deposit and withdraw funds through the client portal or the ‘Withdraw’ section of the broker’s mobile app.

Web & Desktop Trading Platforms

TigerWit offers clients the ability to trade on the globally renowned MetaTrader 4 platform for Windows and Web.

TigerWit offers clients the ability to trade on the globally renowned MetaTrader 4 platforms for Windows and Web. The platform features are highlighted below:

TigerWit MetaTrader Web

  • 9 timeframes
  • Trade multiple asset classes
  • Great range of technical tools and indicators
  • Can use on PC or Mac

TigerWit MetaTrader 4 Desktop

  • Fully customisable.
  • Multiple technical tools.
  • Expert Advisors.
  • Interactive Charts.

A screenshot of the TigerWit MetaTrader 4 desktop platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

TigerWit offers users the ability to access mobile trading on the go from the TigerWit mobile trading app and the MetaTrader 4 mobile app for Android and iOS systems.

TigerWit offers users the ability to access mobile trading on the go from the TigerWit mobile trading app and the MetaTrader 4 mobile app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The TigerWit mobile trading app provides a range of different features including:

  • Trade and manage your account on the go.
  • Simple and intuitive user interface.
  • Real-time quotes.
  • Trade multiple accounts.
  • Open new accounts.
  • Deposit and withdrawal functionality.

The TigerWit mobile trading app is covered in more detail in the video review.

Trading Features

TigerWit does provide a fully automated copy-trading service and clients who are using the MetaTrader 4 desktop platform can also access the MetaTrader marketplace to access thousands of additional trading tools and strategies.

TigerWit does provide a fully automated copy-trading service where clients can follow a ‘Master’ Trader and replicate their trades with a single click. Clients choose which Master traders to follow based on factors including their success rate and trading strategy. Additionally, each month the client pays just 20% commission to the Master for the profits made.

There is also an opportunity for clients to join the TigerWit Masters List themselves and earn 20% of the profits earned by other copying traders. However, this process requires a verification process and clients will need to prove they can trade profitably.

Clients who are using the MetaTrader 4 desktop platform can also access the MetaTrader marketplace to access thousands of additional trading tools and strategies.

Commissions & Spreads

TigerWit offers completely commission-free trading with transparent costs and fees but there is an inactivity fee of 10 USD.

TigerWit offers completely commission-free trading with transparent costs and fees. The below table summarizes the spreads for various markets:

Name Average Spread
EURUSD 1.8
GBPUSD 2
XAGUSD 39.7
XAUUSD 4
XBRUSD 3.5
XNGUSD200 10.5
GER30 24.7
NAS100 13
BTCUSD20 695.7
ETHUSD20 42.8

Additionally, a procedure fee of 10 USD per lot is charged if the spread of the index product is 0.

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge a 10 USD inactivity account fee after three months of no trading activity.

Bonus & Promotions

TigerWit does offer a ‘Refer a Friend’ initiative.

TigerWit does offer a ‘Refer a Friend’ initiative that allows clients to refer friends to the broker via a private link and receive a $50 referral fee. Similarly, the referred friend will also receive $20 for registering an account.

To receive the bonuses, the referrer must successfully trade at least 2 lots on their trading account and the referred friend must have successfully traded at least 1 lot.

Customer Support

TigerWit offers 24/5 customer support via email, phone and live chat. There is also a FAQ section that covers multiple topics.

TigerWit offers 24/5 customer support via email, phone and live chat in multiple languages, including English, Arabic languages, African languages, Spanish, Italian, Mandarin, Vietnamese and Indonesian. There is also a FAQ section that covers Opening An Account, Deposit and Withdrawal, Trading, Swaps, Copy Trading and TigerWith MT4 questions.

After logging into the live chat we were connected to an agent who replied to our message within 30 seconds, as shown below:

Contact Information:

  • Address: 7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom.
  • Email: customerservice@tigerwit.com
  • Phone: 44(0)203 637 9705
  • Social Media:

Research

TigerWit offers a comprehensive blog that covers market news and analysis across various asset classes. The content is regularly updated throughout the day and features high-quality articles.

TigerWit offers a comprehensive blog that covers market news and analysis across various asset classes. The content is regularly updated throughout the day and features high-quality articles covering global economic events and stories, technical and fundamental analysis as well as ‘Week Ahead’ articles.

Trader Education

TigerWit offers limited educational material but does have information on how Foreign Exchange, Crude Oil, Precious Metals, Contracts for Difference and Stock CFD markets work.

TigerWit offers limited educational material but does have information on how Foreign Exchange, Crude Oil, Precious Metals, Contracts for Difference and Stock CFD markets work. The information covers questions such as What moves exchange rates?, How does oil trading work? and What is spot gold and silver trading?

The content is mainly suitable for beginners who are starting their trading journey but it does provide useful information on how various markets operate.

Trading Experience

TigerWit provides clients commission-free trading as well as a fully automated copy-trading service that allows clients to follow ‘Master’ traders.

From our observations, TigerWit is an award-winning broker that provides both self-directed trading completely commission-free, as well as, a fully automated copy-trading service that allows clients to follow ‘Master’ traders.

Clients can choose from multiple markets including Forex, Stocks, Indices, Commodities and Cryptocurrencies, all of which can be accessed through the globally recognised MetaTrader 4 platform.

The broker does also provide comprehensive research which features high-quality articles that are also updated regularly.

FAQ

Is TigerWit regulated?

TigerWit Limited (Bahamas) is authorised and regulated by the Securities Commission of The Bahamas (SCB).

Where is TigerWit based?

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

How does TigerWit make money?

TigerWit makes money mainly through spreads and swaps on certain asset classes.

How do I deposit in TigerWit account?

Funds can be deposited via Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more.

What is the min. deposit for TigerWit?

The minimum deposit is $50 to open an account.

How do I withdraw money from TigerWit?

Withdrawals can be made from the client portal via Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more.

What is the max leverage in TigerWit?

The max leverage available is 1:400.

How do I open an account with TigerWit?

An account can be opened at the click of a button on the TigerWit website and can be done in just a few steps.

Does TigerWit use MetaTrader?

Yes, MetaTrader 4.

Conclusion

TigerWit is authorised and regulated by the UK Financial Conduct Authority (FCA) and Securities Commission of The Bahamas (SCB). The broker provides the ability to trade on a full range of instruments covering CFDs on Forex, Stocks, Indices, Commodities and Cryptocurrencies.

TigerWit is an award-winning broker founded in 2015 and is currently the official trading partner of Liverpool Football Club. The broker offers access to a large range of instruments covering CFDs on Forex, Stocks, Indices, Commodities and Cryptocurrencies, and offers clients self-directed trading products as well as a fully automated copy-trading service.

The broker has two entities. TigerWit Limited (UK) is authorised and regulated by the Financial Conduct Authority (FCA) and operates the uk.tigerwit.com website. However, the focus of this review is on the TigerWit Limited (Bahamas) offshore entity which is authorised and regulated by the Securities Commission of The Bahamas (SCB) and operates the global.tigerwitex.com website.

Clients can open a live, demo or Islamic (swap-free) account with ease and can trade from the world’s most popular trading platform MetaTrader 4, as well as the broker’s mobile trading app. Users can also access a fully automated copy-trading service that allows clients to copy the trades of ‘Master’ traders.

Clients have a variety of deposit and withdrawal options including Bank Wire, Credit/Debit Card, Neteller, Skrill, Bitpay and more. There is a vast range of research articles available and the content is regularly updated, however, the educational material is limited and is mostly suitable for beginner traders. The broker also offers 24/5 customer support via Phone, E-mail and Live Chat.

  • Copy-trading service.
  • Commission-free trading available.
  • MetaTrader 4 available.
  • 24/5 customer service.

 

broker

Your capital is at risk.

See Tigerwit Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United Kingdom
Foundation Year
2015
Regulations
FCA (United Kingdom), SCB (Bahamas)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
Dealing Desk, ECN, STP
Trading platforms
MT4
Restricted Countries
Congo, Iran, Sudan
Supported Languages
English
Min Deposit
$50
Max Leverage
1:400 (FCA), 1:400 (SCB)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller
Cryptocurrencies
Bitcoin, Litecoin, Ripple, Ethereum
Fixed Spreads
No
Commission On Trades
Yes
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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