TigerWit Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：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.

　　Note: TigerWit's official website - https://uk.tigerwit.com/ is currently inaccessible normal.

TigerWit Review Summary
Founded	2015
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	FX, precious metals, commodities, indices
Demo Account	✅($10,000 in virtual funds)
Leverage	Up to 1:400
Spread	Variable
Trading Platform	MT4
Min Deposit	$50
Customer Support	Live chat, contact form
	Tel: +1 (786) 867-0911
	Email: customerservice@tigerwit.com
	Facebook, 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 Cons

Pros	Cons
Diverse tradable assets	Unregulated status
Demo accounts	Single account type
Commission-free account offered	Unclear fee structure
Flexible leverage ratios	High minimum deposit
Tight spreads
MT4 supported
Low minimum deposit
Popular payment methods
Live chat support

Is TigerWit Legit?

　　No, TigerWit currently has no valid regulations. Please be aware of the risk!

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Securities and Futures Commission of Hong Kong (SFC)	Revoked	TigerWit (Hong Kong) Limited	Leveraged foreign exchange trading	BOI171
	Australia Securities & Investment Commission (ASIC)	Revoked	TIGERWIT TECHNOLOGY PTY. LIMITED	Common Business Registration	614234687
	Financial Conduct Authority (FCA)	Suspicious Clone	Calico Capital Limited	Market Making(MM)	679941
	The Securities Commission of The Bahamas (SCB)	Suspicious Clone	TigerWit Limited	Retail Forex License	SIA-F185

What Can I Trade on TigerWit?

Trading Asset	Available
Forex	✔
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.