TigerWit does offer a demo account for beginner traders. The demo account offered by TigerWit mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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 Demo account – 5 key points quick overview:
How to set up a Demo Account – Step by Step- TigerWit Demo Account Features
- TigerWit Pros and Cons
- Conclusion
- Frequently Asked Questions
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with TigerWit, traders can follow a few simple steps. The account registration is processed through an online application.
Step 1 – Go to the official TigerWit website.
Log onto the TigerWit website and select the link ‘Open an account.’
Step 2 – Fill out the form.
Traders will be redirected to a page where they will be asked to register with the broker by choosing the country they are from and providing a telephone number and email address.
Step 3 – Choose the demo account option.
After registration traders have the option to open a demo account (experimental) or a live account.
Step 4 – Select a currency.
Next, you need to choose the currency you want to use which is either GBP, USD, or EUR.
A demo account is also referred to as a practice account since it provides traders with the ability and freedom to explore the broker’s offering without running the risk of experiencing losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what TigerWit has to offer.
TigerWit Demo Account Features
The demo account offered by TigerWit mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Traders should take note that the demo account is risk-free as traders make use of virtual funds to conduct their trading. This means that traders cannot withdraw any profits which are made on the demo account.
With TigerWit, traders will practice trading on the MetaTrader4 platform, which means that traders will have access to the various functions, tools, features, and more, which is offered by the trading platform.
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 | Demo account usually expires after 30-days |
| Demo account sign-up fully digital | |
| MetaTrader4 offered | |
| Sign-up completed in minutes | |
| Strictly regulated |
Conclusion
TigerWit does offer a demo account for beginner traders. The demo account offered by TigerWit mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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
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.
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.
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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