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The WikiFX Score of this broker is reduced because of too many complaints!

TigerWit

United Kingdom|Stoppage of Business|
5-10 years|Regulated in Hong Kong|Suspicious Regulatory License|MT4/5 full license|The server is only located in China.|Australia Common Business Registration Revoked|Suspicious Overrun|High potential risk|

https://uk.tigerwit.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

TigerWit-Trial

China
MT4
2

Influence

C

Influence index NO.1

United States 3.05
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
TigerWit-Trial MT4
Server Location China

Influence

Influence

C

Influence index NO.1

United States 3.05

Surpassed 30.92% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

customerservice@tigerwit.com
https://uk.tigerwit.com/
7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom
https://facebook.com/TigerWit-218027155670274/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

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Warning: Low score, please stay away! 9
Previous Detection : 2024-03-29
  • This broker bas been verified to be stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 164 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Shanghai
    • 940***
    • GBPUSD400
    • 08-22 04:53:52
    • silicon valley
    • 238***
    • USDCHF400
    • 08-22 04:53:53
    • Washington
    • 105***
    • USDCHF400
    • 08-17 18:13:05

    Stop Out

    1.71%

    Stop Out Symbol Distribution

    6 months

    Sources

    TigerWit · Company Summary

    Tigerwit Basic Information
    Registered Country/Region United Kingdom
    Founded in 2015
    Regulated Yes
    Regulators FCA, CySEC
    Tradable Assets Forex, Cryptocurrencies, Commodities, Indices
    Minimum Deposit $50
    Account Types Standard
    Demo Account Yes
    Islamic Account Yes
    Leverage 1:30 (retail clients), 1:400 (Professional Clients)
    Spreads From 0.6 pips
    Payment Methods Credit/debit card, Bank transfer, e-wallets
    Withdrawal Methods Credit/debit card, Bank transfer, e-wallets
    Trading Platforms WebTrader, Mobile App
    Customer Support Phone, Email, Live chat
    Education Trading Academy, Webinars
    Additional Features Copy Trading, Partnership Program

    Overview of TigerWit

    TigerWit is a UK-based online brokerage firm that provides trading services for forex, indices, commodities, and cryptocurrencies. It was established in 2015 and operates under the authorization and regulation of the Financial Conduct Authority (FCA) in the UK. TigerWit's main focus is to provide clients with access to reliable and secure trading platforms, competitive pricing, and a range of trading tools and resources to help them make informed trading decisions. The company prides itself on its technological innovation, including the integration of artificial intelligence and blockchain technology into its trading platforms.

    overview

    Is tigerwit legit or a scam?

    TigerWit is a legitimate online trading platform that is regulated by several financial authorities, including the FCA and ASIC. However, like many brokers, it has received some negative feedback and complaints from customers regarding issues such as withdrawals and customer support. It is important to thoroughly research and understand any potential risks before trading with any broker, including TigerWit.

    regulation
    regulation

    Pros & Cons

    TigerWit is a global financial technology company that offers online trading services for various financial instruments, including forex, stocks, commodities, and indices. The company is known for its innovative trading platform that combines social trading, advanced analytics, and cutting-edge technology to provide a seamless and efficient trading experience. TigerWit also offers a range of educational resources and tools to help traders improve their skills and stay up-to-date with the latest market trends. However, as with any online trading platform, there are both pros and cons to using TigerWit, which are important to consider before making a decision to trade with them.

    Here is a chart showing the pros and cons of TigerWit:

    Pros Cons
    User-friendly trading platforms Limited product offerings compared to competitors
    Copy-trading feature for novice traders No MetaTrader 4 or 5
    Tight spreads on major currency pairs Limited educational resources
    No deposit or withdrawal fees Limited customer support options
    Regulated by top-tier financial authorities No U.S. clients accepted
    Low minimum deposit requirement Limited account types offered

    Market Instruments

    TigerWit provides access to a wide range of financial instruments across different asset classes. The market instruments available for trading with TigerWit include:

    • Forex: TigerWit offers trading on over 70 currency pairs, including majors, minors, and exotics.

    • Stocks: TigerWit offers trading on a selection of global stocks from popular exchanges such as the NYSE, NASDAQ, LSE, and HKSE.

    • Indices: TigerWit offers trading on a range of global indices, including the UK 100, US 500, Germany 30, and Hong Kong 50.

    • Commodities: TigerWit offers trading on a range of commodities such as Gold, Silver, Oil, and other energy commodities.

    • Cryptocurrencies: TigerWit offers trading on a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

    market-intruments

    Account Types

    TigerWit offers two main account types for traders: a demo account and a live account. The demo account is designed for traders to practice and familiarize themselves with the trading platform and the markets without risking any real money. The demo account provides virtual funds for trading and access to real-time market data. It is a valuable tool for new traders who want to learn the ropes before investing real money.

    The live account, on the other hand, allows traders to invest real money in the markets. TigerWit offers a simple and transparent pricing model with no commissions on trades, and competitive spreads starting from as low as 0.3 pips. The live account provides traders with access to a wide range of markets, including forex, commodities, indices, and cryptocurrencies.

    Besides, TigerWit offers Muslim traders who follow Sharia law the option of converting a registered account into an Islamic Account.

    account-types
    account-types
    Pros Cons
    Demo account available for practice trading Limited account types
    Simple account opening process No VIP or premium account
    Low minimum deposit requirement No Islamic account option
    Leverage up to 1:30 for retail clients No deposit bonuses or promotions
    24/7 customer support No advanced account features or benefits

    How to open an account with Tigerwit?

    To open an account with TigerWit, you can follow these steps:

    1. Go to the TigerWit website and click on the “Open Account” button.

    1. Fill out the registration form with your personal information, including your name, email, and phone number.

    open-account
    1. Select the account type you want to open (Demo or Live) and complete the account setup process.

    open-account
    1. Once your account is set up, you can fund it by depositing money using one of the available payment methods.

    2. After you have funded your account, you can start trading on the TigerWit platform.

    Leverage

    TigerWit UK provides its clients with a maximum trading leverage of up to 30:1, which may vary depending on the product being traded. However, it is essential to note that higher leverage is exclusively available for those who are recognized as 'Professional' clients. In case you wish to explore the benefits of higher leverage, you may get in touch with TigerWit's customer service team by writing an email to customerservice@tigerwit.com to learn more about the eligibility criteria for upgrading your account to Professional status.

    Spreads & Commissions (Trading Fees)

    TigerWit offers variable spreads that depend on the asset being traded and the account type. The spreads for the EUR/USD currency pair on a standard account can range from 1.1 pips to 1.6 pips, while on the Pro account, the spread can be as low as 0.6 pips. The commission fee for the Pro account is £2.5 per side, while the standard account does not charge a commission fee.

    For other instruments such as indices and commodities, the spreads can range from 0.3 pips to 20 pips depending on the asset and account type.

    spreads-commissions

    Here is the comparison of spreads for EUR/USD, GER30, and Gold on TigerWit, OANDA, and eToro:

    Asset TigerWit OANDA eToro
    EUR/USD 1.2 pips 0.9 pips 0.6 pips
    GER30 1.5 pips 1.0 pips 1.0 pips
    Gold 0.6 pips 20 cents 45 cents

    Non-Trading Fees

    TigerWit doesn't charge any non-trading fees, such as account inactivity fees or deposit/withdrawal fees. However, it's always good practice to check with your payment provider or bank to see if they charge any fees on their end.

    Trading Platforms

    TigerWit offers the MetaTrader 4 (MT4) trading platform to its clients. MT4 is one of the most popular trading platforms in the world, with a user-friendly interface, a wide range of technical analysis tools, and the ability to support automated trading through the use of Expert Advisors (EAs).

    The MT4 platform offered by TigerWit is available for download on desktop and mobile devices, making it easy for clients to access the platform wherever they are. The platform provides real-time quotes, advanced charting features, and a range of technical indicators to help traders analyze the markets and make informed trading decisions.

    In addition to the MT4 platform, TigerWit also offers its own proprietary trading platform, called TigerWit Trading. This platform is designed to be user-friendly and intuitive, providing traders with the ability to trade a range of assets including forex, commodities, and indices. The TigerWit Trading platform is available for both desktop and mobile devices, allowing clients to trade on-the-go.

    trading-platform

    Here is a comparison chart for trading platforms offered by TigerWit and other platforms:

    Trading Platform TigerWit OANDA eToro
    Platform Type Proprietary Proprietary, MT4, MT5 Proprietary
    Desktop Version Yes Yes Yes
    Mobile Version Yes Yes Yes
    Web Version Yes Yes Yes
    Automated Trading Yes Yes Yes
    Charting Advanced Advanced Advanced
    Technical Indicators 30+ 50+ 100+
    Custom Indicators Yes Yes No
    Backtesting Yes Yes No
    Programming Language Proprietary MQL4, MQL5 Proprietary
    Social Trading No No Yes
    Copy Trading No No Yes
    Trading Signals Yes Yes Yes

    Tigewit Deposit & Withdrawal

    TigerWit offers a variety of deposit and withdrawal options, including the following:

    Deposit:

    • Bank transfer

    • Credit/debit cards

    • Neteller

    • Skrill

    • SafeCharge

    • China UnionPay

    The minimum deposit amount varies depending on the payment method. For example, the minimum deposit amount for bank transfer is $100, while the minimum deposit amount for credit/debit cards, Neteller, Skrill, SafeCharge, and China UnionPay is $50.

    Withdrawal:

    • Bank transfer

    • Credit/debit cards

    • Neteller

    • Skrill

    The minimum withdrawal amount is $20 for all payment methods except for bank transfer, which has a minimum withdrawal amount of $50.

    Tigewit Customer Support

    Tigerwit's customer support team is readily available 24/5 to assist clients with any inquiries or concerns they may have. Clients can reach the support team via email, phone, or live chat.

    Furthermore, TigerWit has a comprehensive FAQ section on its website that covers a wide range of topics such as account opening, trading, and payments, among others. Clients can browse through the section to find answers to common questions without having to contact customer support.

    In addition, TigerWit provides multilingual support in various languages, including English, Chinese, and Arabic, among others. This enables clients from different parts of the world to communicate with the support team in their preferred language, which enhances their experience with the platform.

    Customer Support
    customer-support

    Tigewit Educational Resources

    It appears that TigerWit offers limited educational resources. While they do not have a dedicated education section on their website, they provide some basic educational materials and trading guides for their clients.

    They also have a blog section on their website, which includes articles on various topics related to trading, markets, and strategies. Additionally, TigerWit hosts webinars from time to time, which are available to their clients.

    educational-resources

    Conclusion

    To wrap up, TigerWit is a UK-based online broker that provides trading services for various financial instruments, including forex, indices, and commodities. The company offers a user-friendly trading platform and competitive trading conditions, including tight spreads and low commissions. However, it is worth noting that TigerWit has received a significant number of negative reviews and complaints from its clients regarding its customer support and trading platform. Additionally, the lack of educational resources and limited account types may be a downside for some traders. As with any investment, it is important to carefully consider the risks and benefits before choosing a broker, and to conduct thorough research to ensure that the chosen broker meets one's individual trading needs and preferences.

    FAQs

    • Q: What is TigerWit?

      A: TigerWit is a global financial technology company that provides online trading services for Forex, commodities, and indices.

    • Q: Is TigerWit regulated?

      A: Yes, TigerWit is regulated by the Financial Conduct Authority (FCA) in the UK and the Securities Commission of The Bahamas (SCB).

    • Q: What trading platforms does TigerWit offer?

      A: TigerWit offers its proprietary trading platform, which is available on desktop and mobile devices. It also supports the popular MetaTrader 4 (MT4) platform.

    • Q: What is the minimum deposit required to open a live account with TigerWit?

      A: The minimum deposit required to open a live account with TigerWit is $50.

    News

    TigerWit Undergoes Transformation to Calico Capital: Here's What Traders Need to Know

    NewsTigerWit Undergoes Transformation to Calico Capital: Here's What Traders Need to Know

    2023-09-06 17:04

    London's TigerWit rebrands to Calico Capital post FCA-licensed sale. Traders urged to stay vigilant amid offshore concerns.

    WikiFX
    2023-09-06 17:04
    News
    TigerWit Undergoes Transformation to Calico Capital: Here's What Traders Need to Know
    TigerWit is Not Witty!!

    ExposureTigerWit is Not Witty!!

    2023-08-25 17:34

    In today's comprehensive review, WikiFX will delve into the details of TigerWit, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service to help you decide whether to use it. Keep reading to find out more!

    WikiFX
    2023-08-25 17:34
    Exposure
    TigerWit is Not Witty!!
    WIKIFX REPORT: TigerWit Africa trains 840 Nigerians in financial market

    NewsWIKIFX REPORT: TigerWit Africa trains 840 Nigerians in financial market

    2022-07-06 12:16

    TigerWit Africa, a brokerage company that sells Forex, has trained over 840 Nigerians in a two-week session in Port-Harcourt, the capital of Rivers State, in an effort to narrow the knowledge gap in the financial industry.

    WikiFX
    2022-07-06 12:16
    News
    WIKIFX REPORT: TigerWit Africa trains 840 Nigerians in financial market

    User Reviews

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    User comment

    7

    Comments

    Write a review

    我的LINE(moring696)
    6-12months
    The owner of the platform has already gone to Dubai, and the software consultation will not work. Now there is no way to call the police and ask them to wait at home. They can only find professional help by themselves!
    2023-08-23 16:00
    1
    0
    1
    孑然一身29483
    more than one year
    TigerWit has a perfect customer support team who are always trying to understand my needs and solve the issue promptly. Though sometimes withdrawals are slow but in the end, I can get my money back.
    2023-02-20 18:22
    Reply
    0
    0
    金融大鳄37585
    more than one year
    Garbage company, their attitude starts to change after you put in the money. Slippage is serious during the transaction process and it is difficult to withdraw funds. Do not do business with this company. There are so many currency exchange brokers in the world, why not choose the ones that are the most secure?
    2022-11-28 10:49
    Reply
    1
    1
    金刚35611
    more than one year
    Terrible customer support service. I don't know if they mean it or not, they can never be found every time there is an urgent issue that needs their help. My deposit is always delayed when the order is about to be liquidated. I asked customer service, but no one replied.
    2022-11-25 18:07
    Reply
    0
    1
    FX1059419588
    more than one year
    Terrible experience, i hate this tigerwit platform. Have made several attempts to withdraw my money from the Tigerwit platform, and they still won’t let it. It lacks of decent web browser based app, feels like it wants us to have limited information while trading and wants us to pursue it akin to gambling, no news, trends s, or analysis provided… Tigerwit, sucks!
    2022-11-25 15:45
    Reply
    0
    1
    随风31605
    more than one year
    I feel okay, the deposit and withdrawal are normal
    2022-11-13 10:20
    Reply
    0
    1
    99+
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