TigerWit’s spreads start from 0.6 pips on EUR/USD. TigerWit does not charge deposit fees and the first four withdrawal fees per month are free. Thereafter a withdrawal fee of $ 1 is charged for every withdrawal.
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 Fees and spreads – 6 key points quick overview:
TigerWit Fees and Spreads- TigerWit Additional Trading Fees
- TigerWit Broker Fees
- TigerWit Pros and Cons
- Conclusion
- Frequently Asked Questions
TigerWit Fees and Spreads
TigerWit’s spreads start from 0.6 pips on EUR/USD.
When trading with TigerWit fees, spreads, and commissions that traders can expect is as follows:
TigerWit UK charges commissions on CFDs on shares, precious metals, and market indices. The commissions vary depending on the asset, for example for indices CFDs a commission of $ 10 per lot is charged.
A 20% commission is charged on all profits generated through TigerWit’s Copy Trading platform.
Spreads are competitive and affordable and start at 0.6 pips. It may be slightly wider than other brokers, especially during periods of heightened volatility or low liquidity.
The 20% performance commission on the Copy Trade Account is deducted from the positive results generated by a master’s strategy once a month on the 10th of every month, only with a positive performance.
On the Professional account, the broker uses the STP+ECN trading model and therefore charges variable spreads and commissions depending on the asset on trade. Floating spreads are as low as 0 pips.
TigerWit Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that swap fee or overnight will be charged when positions are held for longer than a trading day.
TigerWit does charge rollover or overnight fees on positions left open overnight as well as during the weekend, depending on the type of asset traded and the day of trading. On Wednesdays, overnight fees for positions left open are three times the normal.
TigerWit also provides a choice to its Muslim clients to open an Islamic Account. They are prohibited from earning or paying interest where the holding of open positions is concerned according to the Sharia law. TigerWit does offer spread betting and spread betting fees do apply. For more information, the customer service teams should be contacted.
TigerWit Broker Fees
TigerWit does not charge deposit fees and the first four withdrawal fees per month are free. Thereafter a withdrawal fee of $ 1 is charged for every withdrawal.
Traders also need to ensure that they verify whether there are any additional charges by their financial institution. Traders may also be subjected to currency conversion fees if they transfer funds in a currency that is different from their account base currency.
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 |
| Competitive trading conditions | Charges commissions |
| Islamic Account/Swap-free provided for Muslim traders | Limited range of tradeable assets |
| No deposit fees charged | No educational or research tools offered |
| Offers a demo account | Spreads are not the tightest |
| Offers floating spreads | |
| Offers to trade on the MetaTrader4 platform |
Conclusion
TigerWit’s spreads start from 0.6 pips on EUR/USD. TigerWit does not charge deposit fees and the first four withdrawal fees per month are free. Thereafter a withdrawal fee of $ 1 is charged for every withdrawal. TigerWit does charge rollover or overnight fees on positions left open overnight as well as during the weekend, depending on the type of asset traded and the day of trading. On Wednesdays, overnight fees for positions left open are three times the normal.
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
How many instruments can I trade with TigerWit?
You can trade the following financial instruments:
- Forex
- Precious metals
- Crude oil and natural gas
- Cryptocurrencies
- CFDs
- Stocks
Which platforms are supported by TigerWit?
MetaTrader4.
Does TigerWit offer leverage?
Yes. Leverage of up to 1: 200 is offered for clients outside of the EU.
What spreads can I expect with TigerWit?
You can expect floating spreads that start from as low as 0 pips.
Does TigerWit charge commission?
Yes. Indices CFDs mostly attract a commission of $ 10 per lot. Commission of 20% of Profits once per month on Copy Trading Account, 0% on others.
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