Tower Bridge-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Tower Bridge is allegedly an unregulated forex broker registered in Australia that claims to provide its clients with over 200 trading financial instruments with leverage up to 1:100 on the web-based trading platform.

Market Instruments

Tower Bridge advertises that it offers more than 200 tradable assets in financial markets, including stocks, forex, cryptocurrencies and more.

Account Types

Tower Bridge does offer different account types, yet no specific information is involved in the absence of a login. The minimum initial deposit requirement to open the most basic account is $250.

Leverage

A leverage ratio of up to 1:100 is offered by Tower Bridge, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

As shown on Tower Bridges web-based platform, the benchmark EUR/USD spread was floating1.7 pips.

Trading Platform Available

Platforms available for trading at Tower Bridge are the unnamed trading platform, compatible with desktop, the Web and mobile devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Tower Bridge says to work with numerous means of deposit and withdrawal choices, consisting of Wire Transfer, credit cards (Visa, Mastercard, Maestro) and crypto wallets of Bitcoin, Ethereum and Litecoin. The minimum initial deposit requirement is $/€/£250, while the maximum deposit amount varies depending on the deposit method. The minimum withdrawal amount is $100.

The broker also charges a 1% fee for all withdrawals. The percentage must equal a minimum of $30, otherwise, the fee will be automatically capped at $30.

As for the processing time of withdrawal requests, it usually takes 7 to 10 days.

Bonuses

Tower Bridge claims to offer some bonuses, however, only the bonus that has obtained a trading volume of 50,000 times its value can be withdrawn.

Customer Support

Tower Bridge‘s customer support can be reached by telephone: +442039877693 (United Kingdom), +611800514979 (Australia), email: support@tower-bridge.com, live chat or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.