TigerWit-Overview of Minimum Deposit, Spreads & Leverage
Abstract：TigerWit claims that it is a UK-registered broker, offering financial instruments such as currencies, commodities and more through the leading MT4 trading platform. However, TigerWit does not hold any license to authorize its financial operation.
General Information & Regulation
TigerWit claims that it is a UK-registered broker, offering financial instruments such as currencies, commodities and more through the leading MT4 trading platform. However, TigerWit does not hold any license to authorize its financial operation.
Market Instruments
As for instruments tradable, TigerWit offers a wide range of currencies, commodities, cryptocurrencies and equity CFDs through its proprietary app.
Minimum Deposit
TigerWit offers a demo account on which to practice trading with virtual funds and a live account on which to trade with real funds. However, TigerWit does not disclose its minimum deposit requirement.
Inactivity Fee
For clients who have registered for more than three months and have not successfully traded or deposited in the past three months, the platform will automatically charge a $10 inactivity fee at 20:00 (GMT+8) on the last day of each month.
Minimum Trade Size
The minimum order size for forex, crude oil and precious metals products is 0.01 lot, 0.1 lot for natural gas and CFD stocks index, 0.2 lot for crypto currecncy, 1 lot for stock products.
Leverage
Trading leverage vary depending on particular instruments. For FX and precious metals, TigerWit provides customers with three kinds of leverage at the same time: 100:1, 200:1, 400:1.For crude oil and natural gas, it provides two types of leverage: 50:1, 200:1. And for CFD stock index CFDs, this broker provides two types of leverage: 100:1, 200:1.
Spreads & Commissions
TigerWit advertises that it offers a commission –free environment-only spreads and its forex pairs spreads are variable and from 0.6 pips, which sounds too good to be true.
Trading Platform Available
When it comes to trading platform available, TigerWit provide its traders the leading MT4 platform, available in PC, Desktop, as well as some mobile devices.
Deposit & Withdrawal
The minimum deposit is 50 USD. Traders can fund their account through telegraphic transfer or Neteller, and you can also make deposit via Paysec in the “Deposit” section of the website. TigerWit says that it processes withdrawal request and expect Neteller and Paysec funds to be returned within 3 working days, and telegraphic transfers may take up five days.
Customer Support
The TigerWit customer support team can be reached through email: clientsupport@tigerwit.com, as well as online chat. Besides, traders can also follow this brokers on Facebook.
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