Forex trading is renowned for being an extremely risky industry all around the world. Given the many risks involved in this market, it is not appropriate for everybody. In the world of Forex, numerous new businesses have recently begun operating, making it difficult for investors to determine trustworthy ones.
Many con artists are online today, attempting to deceive customers and steal their money. We will examine TigerWit today. At first glance, it appears to be your typical Forex broker, but as we studied more about TigerWit, the more facts we discovered regarding this Forex broker.
Follow our comprehensive TigerWit review to discover more about it. We cover every single minor aspect that can have an impact on traders’ experiences.
TigerWit is a forex broker that provides traders worldwide with a wide range of trading options. The broker’s website appears to be that of a regular business with a respected license and generally excellent services.
TigerWit Limited is approved and supervised by the Financial Conduct Authority and is situated in England and Wales (FCA). Additionally, it is governed in Hong Kong by the Securities and Futures Commission, the Bahamas’ Securities Commission of the Bahamas (SCB), and TigerWit LLC is registered in St. Vincent and the Grenadines.
The broker offers clients access to the well-known MetaTrader4 trading platform, which allows them to trade stocks, CFDs, currencies, crude oil, and valuable metals. Market participants, institutional users, and big businesses like investment banks are all serviced by TigerWit.
TigerWit provides three different live account types: live, copy trading, and professional. Additionally, customers who are new to trading can register a demo account, and those who practice Islam can establish an Islamic Account.
TigerWit provides traders with various live account kinds, favorable trading conditions, and all-encompassing products and services.
Fees and Commissions:
On CFDs for stocks, valuable metals, and market indexes, TigerWit UK charges commission fees. According to the commodity in consideration, the commissions change. For instance, the typical fee rate for CFDs on indices is $10 per lot. On any earnings made via its copy trading platform, TigerWit imposes a 20% commission fee.
This broker imposes maintenance fees if a position is active throughout the weekend or overnight. The rollover costs vary based on the asset kind transacted and the trading date. For example, Wednesday’s open positions have overnight interest charges that are three times higher than usual.
A trustworthy and excellent FX and CFD broker is TigerWit. The FCA supervises it; a top-tier broker regarded as reliable and the best ecn forex broker globally. The SCB keeps an eye on tigerWit worldwide. This broker is one of the few in the sector to use blockchain to guarantee an open trading environment.
The broker offers email, online chat, and phone support seven days a week. Over 10 different languages are included in its multinational offerings. TigerWit doesn’t offer adequate tools for trading education. You can enroll on the broker’s site or via its trading applications.