TigerWit is an multi national CFD broker, with offices in four countries.
Their UK regulated office is located at: 7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom. Customer support email is: [email protected]. Official website site is: https://TigerWit.com/.
Traders with withdrawal problems & complaints should read this.
TigerWit Broker Reviews
Investors at TigerWit are given access to the MT4 trading platform, which has a Desktop trading app, or a web-based trading app. For mobile trading, this broker offers a unique trading app for Android & iOS, which includes social trading. They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading.
The maximum Leverage / Margin rate offered at TigerWit is 400:1 at their off shore brands, and 30:1 with their UK regulated site. You with have the ability to create a demo trading account to test out their platform and your trading strategies. The minimum required deposit for a new trading account is $50.
Social / Copy Trading
Once you have created your account, and logged in, you will see that TigerWit provides you with access to their Follow / Social Trading system. Social Trading is a popular feature for new Forex investors because they are hoping another Forex trader will do the hard work for them.
When choosing the right copy trader, it is important to closely analyze the performance, and even more so, understand the terminology. Instead of looking at the traders with this highest returns, dig deeper, and check their drawdown stats. See the screenshot below.
Warning! Do Not use an Automated trading app, until you read this!
Is TigerWit a Legit Broker?
Yes, The broker is licensed and regulated by the FCA in the United Kingdom, with license number 679941.
Depending on your country of residence, you could be investing with one of the following international companies;
- TigerWit LLC, Saint Vincent and the Grenadines, company registration 181LLC2019.
- TigerWit Limited in The Bahamas, license number SIA-F185.
- TigerWit (Hong Kong) Limited, regulated by the Hong Kong SFC, reference number BOI171.
The way that you can know if your broker is a legitimate company and not a scam, is by verifying their license with your government regulator. When you see that they have a valid license, from your governments financial regulators office, then you will know that they are a legal broker.
There are many Forex brokers online, and they are all vying for your business. You should test out a few different brokers, and see which one is the best for your trading needs. Always verify that your broker is licensed by your local financial regulator (i.e. FCA United Kingdom).
ForTrade is a popular broker, that is licensed and regulated in the United Kingdom, Europe, Canada and Australia, see here.
They have a nice trading app plus Free Demo Accounts. Learn more at: ForTrade.com.
What was your trading experience like with the brokers at TigerWit? Write your review in the comment section below.