Overall, TigerWit can be summarized as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. TigerWit has an overall trust score of 68 out of 99.
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 Review – 16 key points quick overview:
TigerWit Overview- TigerWit Safety and Security
- TigerWit Sign-up Bonus
- TigerWit Minimum Deposit
- TigerWit Account Types
- TigerWit Account Features
- TigerWit Demo Account Features
- How to set up a Demo Account – Step by Step
- TigerWit Trading platforms
- TigerWit Fees and Spreads
- TigerWit vs NSFX vs Hantec Markets – A Comparison
- NSFX Current Popularity Trend
- TigerWitPros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
TigerWit Overview
According to research in South Africa, TigerWit is a forex company in the United Kingdom. The company was founded in 2015 and headquarters in London. 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 Limited 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 provides traders with the popular MetaTrader4 platform to trade 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 Safety and Security
When traders evaluate brokers, regulation is one of the most crucial components that must be considered.
TigerWit UK is regulated through the Financial Conduct Authority (FCA). Through this regulation, UK clients have membership of the UK Financial Services Compensation Scheme (FSCS) which entitles traders to up to GBP 50 000 in compensation if TigerWit should encounter financial difficulties.
The global brand of TigerWit is regulated by the Securities Commission of the Bahamas (SCB) which assists it in extending its services to clients in other global jurisdictions. Client funds are held in segregated accounts separate from the company’s operational funds. Clients are also covered by their Negative Balance Protection policy.
TigerWit Sign-up Bonus
TigerWit offers a sign-up bonus. A sign-up bonus, deposit bonus, or a welcome bonus of $ 25 is offered to traders who register a real account with TigerWit.
This is offered as a ‘No Deposit Bonus’ promotion. If you are new to Forex, you can start trading through TigerWit without any risk and no initial investment. For the more advanced traders, this is a fantastic opportunity to test the trading conditions offered by the broker.
These bonuses are a way in which attract new clients in registering for a real account. When offering a welcome bonus or anything of this kind, the traders will receive some money back. This will depend on the initial deposit made by the trader, keeping in mind that there is always a minimum amount required.
Traders can use these bonuses as trading credit and can use them in trading activities, but the amount is non-withdrawable. Profits that are made while using the trading credit or bonus can be withdrawn.
TigerWit Minimum Deposit
TigerWit has a minimum deposit requirement of only $ 50. This minimum deposit amount is equivalent to ZAR 841 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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.
It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
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
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 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.
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.
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 Trading platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
TigerWit provides the globally known and preferred MetaTrader4 trading platform. This platform comes with a variety of tools for technical and fundamental analysis. It also offers instant access to live price feeds, allowing 24/7 trading from anywhere.
The platform also supports automated trading through Expert Advisors (EAs). It is available for a variety of devices such as desktops, web, Android, and iOS.
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 , 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.
TigerWit vs NSFX vs Hantec Markets – A Comparison
| 🔎 Broker | 🥇 TigerWit | 🥈 NSFX | 🥉Hantec Markets |
| 💰 Minimum Deposit | $ 50 (841 ZAR) | $300 (4 373 ZAR) | None |
| 📝 Sign-Up Bonus | ☑️ No | ☑️ No | ☑️ Yes |
| ➕ Max. Leverage | 1: 200 | 1: 50 | 1: 500 for professionals |
| 💵 Currency Pairs | 30 | 27 | 50 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
NSFX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “NSFX” is entered into Google’s search engine over a given period of time.
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
TigerWitPros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account offered | Clients from the US, Canada and Japan not accepted |
| Islamic Account offered | Limited account types |
| Low minimum deposit requirement | Limited base currencies offered |
| MetaTrader4 offered | Limited payment methods |
| Negative balance protection | No educational or research tool offered |
| Regulated by FCA and SCB | No tight spreads |
Conclusion
TigerWit is a well-regulated forex broker through the FCA in the United Kingdom and offers trading in a variety of instruments. It charges floating spreads that start as low as 0 pips. The broker does not charge, and deposit fees and withdrawal fees only apply after several withdrawals per month has been made.
TigerWit UK charges commissions on CFDs on shares, precious metals, and market indices, with commissions varying with the asset. Indices CFDs for example mostly attract a commission of $ 10 per lot. In addition, clients are charged a 20% commission on any profits generated through the copy trading platform.
Beginner traders have the option to open a demo account and the broker also caters for clients of the Muslim faith through the offering of an Islamic Account. Traders can trade through the MetaTrader4 platform. The biggest drawback for this broker is no offering of educational or research tools.
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Disclaimer
Before clients decide to trade the products offered by TigerWit, they are advised to consider their investment objectives, financial situation, needs and level of experience carefully before investing money that they cannot afford to lose.
TigerWit warns traders that Forex and CFDs trading always carries a prominent level of risk, therefore may not be suitable for all investors.
TigerWit promises to make all efforts to fill a trade at the requested price, however, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, according to research in South Africa.
Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with TigerWit?
You can trade any of the following:
- Forex
- Precious metals
- Crude oil and natural gas
- Cryptocurrencies
- CFDs
- Stocks
Which platforms are supported by TigerWit?
MetaTrader4.
Does TigerWit offer leverage?
Yes. TigerWit offers leverage of up to 1: 200.
What spreads can I expect with TigerWit?
TigerWit offers spreads that start 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.
Is TigerWit regulated?
Yes. TigerWit is regulated by the FCA and SCB.
Is TigerWit a recommended forex trading broker for experts and beginners?
Yes. TigerWit offers an environment for both beginners and experts.
What is the overall rating out of 10 for TigerWit?
7/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
With a demo account, traders can safely explore the broker’s offer, practice trading, or test out their trading strategies that they wish to use in a live trading environment.
Does TigerWit offer a demo account?
Yes.
How long is the demo account valid?
Demo accounts are 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?
USD, EUR, and GBP.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for TigerWit?
$ 50.
How do you make a deposit and withdrawal with TigerWit?
You can use any of the following:
- Debit cards
- Credit cards,
- Bank Wire transfer
- Skrill
- Neteller
- BitPay
Does TigerWit charge withdrawal fees?
TigerWit allows up to four free withdrawals per month, after which clients must pay a fee of $1 per withdrawal.
How long does it take to make a withdrawal?
This is not clear on the website but depending on the withdrawal method used it can be instantly or take up to several working days.
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