TigerWit offers three live account types, namely a live, copy trading and professional account. All of TigerWit’s accounts, including their Islamic account, has a base currency of GBP, EUR, and USD.
TigerWit at a glance
| Broker's Name | TigerWit |
| 📍 Headquartered | London, UK |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | FCA, SCB |
| 🌐 Countries not accepted for trade | US, Canada, Japan, and any other country where CFD trading is prohibited. |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 200 |
| 💰 Minimum Deposit | $ 50 (841 ZAR) |
| 💳 Deposit Options | Debit cards Credit cards Bank wire transfer Skrill Neteller BitPay |
| 💳 Withdrawal Options | Debit cards Credit cards Bank wire transfer Skrill Neteller BitPay |
| 💻 Platform Types | MetaTrader4 |
| 📈 Tradable assets offered | Forex Precious metals Crude oil and natural gas Cryptocurrencies CFDs Stocks |
| 📱 OS Compatibility | Desktop, Web, Android, and iOS devices |
| 👨💼 Languages supported on Website | English, Spanish, German, Dutch, Chinese, Arabic, French, Afrikaans, Harshen Hausa, Igbo, and Yoruba |
| 👥 Customer Support Languages | English, Spanish, German, Dutch, Chinese, Arabic, French, Afrikaans, Harshen Hausa, Igbo, and Yoruba |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Open Account |
Overall Rating
4.7/5
Rated #263 of
Recommended FX Brokers
Minimum Deposit USD 50
Regulators FCA
MetaTrader 4
Yes
📈 Total Pairs
60
Islamic Account No
Trading Fees Low
24 Hours
TigerWit Account types – 8 key points quick overview:
TigerWit Overview- TigerWit Account Types
- TigerWit Account Features
- TigerWit Demo Account
- TigerWit Islamic Account
- TigerWit Pros and Cons
- Conclusion
- Frequently Asked Questions
TigerWit Overview
TigerWit is a forex company registered in the United Kingdom. The company was founded in 2015 and headquarters in London. It also has offices in the Bahamas, Hong Kong and St Vincent and the Grenadines.
Although the company has only been in the trading environment for a couple of years, it has already registered over 250 000 traders and in 2018 alone, it generated more than $ 20 billion of trading volume.
TigerWit Ltd is registered in England and Wales and authorised and regulated by the Financial Conduct Authority (FCA). In addition, it is also regulated in the Bahamas by the Securities Commission of the Bahamas (SCB), in Hong Kong by the Securities and Futures Commission and TigerWit LLC is registered in St Vincent and the Grenadines.
The broker emphasizes building technology infrastructure for a superior trading experience and its trading system is built on and powered by blockchain. All transactions are recorded and verified on the blockchain-based distributed trading ledger. This creates a permanent record across the ecosystem for transparency, security, accountability, and trust.
The broker provides traders only the popular MetaTrader4 platform to trade with. Trading can be done in forex, crude oil, precious metals, CFDs and Stocks. TigerWit makes provision for retail traders as well as institutional clients and large companies such as investment banks.
Traders of the United States, Canada, Japan, and any other country where CFD trading is prohibited, are not accepted as clients with TigerWit.
TigerWit Account Types
TigerWit offers three live account types, namely a live, copy trading and professional account. Beginner traders also have access to a demo account and clients that follow the Muslim faith can open an Islamic Account.
Traders will find that through these live account types, TigerWit offers competitive trading conditions along with comprehensive solutions and services.
TigerWit Account Features
Live Account
The following features can be expected with this account type:
| 💰 Minimum deposit | $ 50 |
| 📈 Leverage | up to 1: 30 for UK traders and 1: 200 for other traders |
| 💻 Trading platform | MetaTrader4 |
| 💳 Base currencies | GBP, EUR, and USD |
Copy Trading Account
This account type focuses on beginner traders who want to mirror the strategies of more experienced traders. They follow professionals who share their own successful strategies with others. Join TigerWit’s copy-trading technology which is fully automated and easily accessible if you want to open this account type.
Base currencies for this account are GBP, EUR, and USD.
Professional Account
Clients who want to open a Professional Account need to qualify to do so. The following must be adhered to:
Have a portfolio greater than $500k and history of placing huge positions
Provide proof of working in a professional trader position in the past
Spreads for this account are floating and starts from 0.7 pips. They can also trade with higher leverage. Base currencies are GBP, EUR, and USD.
Islamic Account
TigerWit offers Muslim traders who follow the Sharia law the option of converting a registered account into an Islamic Account.
Features that can be expected on this account is:
| 💰 Minimum deposit | $ 50 |
| 📈 Leverage | up to 1: 30 for UK traders and 1: 200 for other traders |
| 🌐 Commission | No |
| 💳 Base currencies | GBP, EUR, and USD |
TigerWit Demo Account
TigerWit offers traders the option of opening a Demo Account which can be utilized in several ways such as:
Beginner traders can use it as a practice account to improve their trading skills in a risk-free environment using virtual funds
More advanced traders can use it to evaluate and compare brokers by exploring TigerWit’ trading conditions in a risk-free environment
Traders who wish to evaluate their trading strategies in a mimicked live trading environment without risking their capital can also utilize the demo account
The demo account is offered with $ 10 000 in virtual money and has the same features as the live account and it is used through the MetaTrader4 platform.
TigerWit Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow the Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
TigerWit offers its Islamic Account only to Muslim traders who follow the Sharia law. Traders must also be aware that there are certain features indicated on the Islamic account which differ from the other live account type such as minimum deposit, spreads, and more.
Traders who are interested in registering for an Islamic account must contact TigeWit’s customer support to verify the details of the account as conditions may have changed from the time of writing. These changes are as per the broker’s discretion and/or changes in market conditions.
Overall Rating
4.7/5
Rated #263 of
Recommended FX Brokers
Minimum Deposit USD 50
Regulators FCA
MetaTrader 4
Yes
📈 Total Pairs
60
Islamic Account No
Trading Fees Low
24 Hours
TigerWit Pros and Cons
| ✔️ Pros | ❌ Cons |
| All transactions recorded to the blockchain ledger | Clients from the US, Canada and Japan not accepted |
| Demo Account offered | Limited base currencies accepted |
| Islamic Account offered | Limited payment methods offered |
| MetaTrader4 offered | Limited tradable assets |
| Negative balance protection offered | No educational or research tools offered |
| Segregated client funds used | |
| Well-regulated through FCA and SCB |
Conclusion
TigerWit offers three live account types, namely a live, copy trading and professional account. All of TigerWit’s accounts, including their Islamic account, has a base currency of GBP, EUR, and USD.
Despite this, the broker is a regulated and reputable broker which offers its services and solutions to traders despite their trading needs, objectives, experience, or trading styles. Traders still have access to a wide range of markets, competitive trading conditions and powerful trading platforms.
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Frequently Asked Questions
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does TigerWit offer a demo account?
Yes. The broker does offer a demo account that has the same features as the live account.
For how long is the demo account valid?
This is not clear on the broker’s website by a demo account is usually valid for 30-days.
Does TigerWit offer the option of an Islamic Account?
Yes. TigerWit offers the option of an Islamic Account for traders of the Muslim faith that falls under the Sharia Laws.
Which live trading accounts does TigerWit offer?
TigerWit offers traders a choice between the following live trading accounts:
- Live Account
- Copy Trading Account
- Professional Account
What are the available deposit currencies for a live trading account?
EUR, USD, and GBP.
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