TigerWit

General Information & Regulation

Founded in 2015 and initially operating throughout the Asia-Pacific region, TigerWit expanded its global presence in 2018 with the acquisition of Mercor Index in the United Kingdom by obtaining a license from the UK Financial Conduct Authority (license number: 679941). TigerWit Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority under firm reference number 67994; also regulated in The Bahamas by the Securities Commission of The Bahamas under licence number SIA-F185; Additionally, TigerWit (Hong Kong) Limited is authorised an regulated in Hong Kong by the Securities and Futures Commission under reference number BOI171. Although TigerWit is a regulated broker, it is brought in a series of scandals about inability to waithdraw funds, or withdrawing all profits from traders' accounts, etc. Investors are advised get away from this broker in case of heavy losses.

Market Instruments

TigerWit provides investors with access to forex currency pairs, precious metals, commodities, and indices in the forex market.

Minimum Deposit

TigerWit provides traders with live accounts, copy trading accounts, and Islamic accounts. The minimum deposit for all three accounts is $50.

TigerWit Leverage

TigerWit offers the flexible trading leverage, traders can choose from 100:1, 200:1, 400:1 in light of their risk tolerance.

Spreads & Commissions

Spread refers to the difference between the bid price and the ask price, TigerWit draws prices based on the value of the underlying market, forex spreads will change based on the price of / the basic market. There are some average details listed, EUR/USD pair around 1.1 pips, EUR/GBP around 1.6 pips, GBP/USD around 1.6 pips.

Trading Platform

TigerWit provides traders with the industry-standard MT4 trading platform, in addition to several trading platforms such as the Web platform and proprietary applications for users to use. The proprietary application allows clients to view the market, trade, update account settings, and even copy other traders. TigerWit traders also have access to both the desktop and web versions of MT4, ensuring direct access to the financial markets regardless of the trader's location or type.

Deposit & Withdrawal

TigerWit supports traders to deposit funds to their investment accounts via credit/debit card, bank transfer, NETELLER. These payment methods themselves may incur certain fees, including currency conversion fees, transaction fees, etc. TigerWit offers traders 4 free withdrawals per month, after which a $1 fee will be charged for each withdrawal.

Customer Support

The TigerWit customer support team only can be reached through email and live chat. It seems that telephone is not available. Besides, there is also a“ FQA”section for traders to find most common answers.